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BIOMAD

Active
Private limited companyfounded 2023active for 3 yearsSteenweg op Mechelen 455, 1950 Kraainem, BelgiumKBO/BCE: BE 0803.131.690

Financials · financial year 2025, micro format

2025 annual accounts filed 56 days after the deadline Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00524286.

Annual accounts 2025 filed on 25-09-2026 at the NBB all 2 filings

Equity
€10,053▼ 19.3%
2024 · €12,459
Total assets
€13,459▼ 13.7%
2024 · €15,604
Net result
-€2,406▲ 56.6%
2024 · -€5,541
Working capital
€10,053▼ 19.3%
2024 · €12,459
Multi-year overview
2024 to 2025, 2 financial years
Operating result
-€2,256
▲ 58.8% 2025
20242025
Net result
-€2,406
▲ 56.6% 2025
middle half of the sector
20242025
Equity
€10,053
▼ 19.3% 2025
middle half of the sector
20242025
Total assets
€13,459
▼ 13.7% 2025
lowest quarter of the sector
20242025
Debt
€3,406
▲ 8.3% 2025
20242025
Working capital
€10,053
▼ 19.3% 2025
middle half of the sector
20242025
Solvency
74.7%
▼ 5.1pp 2025
highest quarter of the sector
20242025
Current ratio
3.95
▼ 1.01 2025
highest quarter of the sector
20242025
Return on assets (ROA)
-17.9%
▲ 17.6pp 2025
lowest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€5,477--€2,256▲ 58.8%
Net result-€5,541below the sector's middle half--€2,406within the sector's middle half▲ 56.6%
Equity€12,459within the sector's middle half-€10,053within the sector's middle half▼ 19.3%
Total assets€15,604below the sector's middle half-€13,459below the sector's middle half▼ 13.7%
Debt€3,145-€3,406▲ 8.3%
Working capital€12,459within the sector's middle half-€10,053within the sector's middle half▼ 19.3%
Solvency79.8%above the sector's middle half-74.7%above the sector's middle half▼ 5.1pp
Current ratio4.96above the sector's middle half-3.95above the sector's middle half▼ 1.01
Return on assets (ROA)-35.5%below the sector's middle half--17.9%below the sector's middle half▲ 17.6pp
above within below The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €2,256, smaller than the loss of €5,477 in 2024.

Turnover and EBIT margin are not published. The micro format does not require them.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €13,459
Equity €10,053 ▼ 19.3%
Debt €3,406 ▲ 8.3%
Debt's share of the balance-sheet total rises from 20.2% to 25.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.34▲
2024 · 0.25
ROE
-23.9%▲
2024 · -44.5%
Debt ≤ 1 year
€3,406▲
2024 · €3,145
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 20 lines
Balance sheet Code20242025
Assets
Total assets20/58€15,604€13,459▼
Current assets29/58€15,604€13,459▼
Cash at bank and in hand54/58€15,604€13,459▼
Equity and liabilities
Total equity and liabilities10/49€15,604€13,459▼
Equity10/15€12,459€10,053▼
Contributions10/11€18,000€18,000=
Profit (loss) carried forward14-€5,541-€7,947▼
Amounts payable17/49€3,145€3,406▲
Amounts payable within one year42/48€3,145€3,406▲
Other amounts payable47/48€3,145€3,406▲
Income statement Code20242025
Other operating charges640/8€1,500-
Gross operating margin9900-€3,977-€2,256▲
Operating profit (loss)9901-€5,477-€2,256▲
Financial charges65/66B€64€150▲
Recurring financial charges65€64€150▲
Profit (loss) for the period before taxes9903-€5,541-€2,406▲
Profit (loss) for the period9904-€5,541-€2,406▲
Profit (loss) for the period to be appropriated9905-€5,541-€2,406▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,541-€7,947▼
Profit (loss) brought forward from the previous period14P--€5,541

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 25-09-2026.

Line20242025Change
Other operating charges640/8€1,500--
Gross operating margin9900-€3,977-€2,256▲ 43.3%
Operating profit (loss)9901-€5,477-€2,256▲ 58.8%
Financial charges65/66B€64€150▲ 134%
Recurring financial charges65€64€150▲ 134%
Profit (loss) for the period before taxes9903-€5,541-€2,406▲ 56.6%
Profit (loss) for the period9904-€5,541-€2,406▲ 56.6%
Profit (loss) for the period to be appropriated9905-€5,541-€2,406▲ 56.6%
Line20242025Change
Assets
Total assets20/58€15,604€13,459▼ 13.7%
Current assets29/58€15,604€13,459▼ 13.7%
Cash at bank and in hand54/58€15,604€13,459▼ 13.7%
Equity and liabilities
Total equity and liabilities10/49€15,604€13,459▼ 13.7%
Equity10/15€12,459€10,053▼ 19.3%
Contributions10/11€18,000€18,000=
Profit (loss) carried forward14-€5,541-€7,947▼ 43.4%
Amounts payable17/49€3,145€3,406▲ 8.3%
Amounts payable within one year42/48€3,145€3,406▲ 8.3%
Other amounts payable47/48€3,145€3,406▲ 8.3%
Line20242025Change
Profit (loss) for the period9904-€5,541-€2,406▲ 56.6%
Operating cash flow (approximation)-€5,541-€2,406▲ 56.6%
Change in cash--€2,145-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 3,223 companies had the same profile as BIOMAD has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
87.8% was still going
8.7% stopped otherwise
3.4% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of BIOMAD itself: 0.9% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,223 companies, not a prediction for BIOMAD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 25-09-2026 2026-00524286 PDF
31-12-2024 micro format 04-09-2025 2025-00478910 PDF

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