Biometh Quality Product

Active

Private limited companyfounded 201412 yrs activeRue Odon Godart 8, 6240 Farciennes, BelgiumKBO/BCE: BE 0555.683.108

The file of Biometh Quality Product contains 5 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show equity of €1.83M and a net result of €1.57M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 4360 sector peers (fiscal year 2024).

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Checked score

Score 2024

36 / 100

Weak

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency16▲+15

Growth52▲+17

Stability60

Bankruptcy probability, 12 months

≥ 25% High

0%0.5%1.5%4%10%≥ 25%

Credit up to €65k at 30 days only on tighter terms

Liquidity short (current ratio 0.8 against 0.51 in 2023), and 86.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Recent warning signals

The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.

Belgian State Gazette

Judicial reorganisation on record

A judicial reorganisation is on record, and one often precedes a bankruptcy.

Belgian State Gazette

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 71

Relative position

BE, all sectors

reference

Sector 71

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

13.8%

Return on assets

11.9%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4360 sector peers (2024).

NBB · sector comparison

Position among 4360 sector peers

Solvency

better than 22%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-04-2026, 251 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

251 d late

2023

106 d late

2022

31 d early

2021

38 d early

2020

30 d early

2019

27 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€35k▼ 34.7%

2018 · €54k

2018: €54k

2018 → 2019

EBIT margin

-65.6%▼ 65.1pp

2018 · -0.5%

2018: -0.5%

2018 → 2019

Net result

€1.57M

2023 · €-1.76M

2018: €-2k 2019: €-23k 2020: €-12k 2021: €-177k 2022: €-646k 2023: €-1.76M

2018 → 2024

Working capital

€-309k▲ 81.8%

2023 · €-1.70M

2018: €2k 2019: €-19k 2020: €-91k 2021: €-508k 2022: €-260k 2023: €-1.70M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-30k-€1.29M€2.12M▲ 63.9%€257k▼ 87.9%€1.83M▲ 611%

Operating result€-13k-€-79k▼ 518%€-313k▼ 293%€-1.15M▼ 268%€2.17M

Net result€-12k-€-177k▼ 1,324%€-646k▼ 265%€-1.76M▼ 172%€1.57M

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €2.17M after a loss of €1.15M in 2023, the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €13.15M

90.8%

Fixed assets €11.94M▼ 7.7%

Current assets €1.20M▼ 32.2%

Equity and liabilities €13.22M

13.8%

86.2%

Equity €1.83M▲ 611%

Debt €11.39M▼ 21.7%

The debt ratio falls from 98.3% to 86.2%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€3.21M▲

2023 · €-133k

Cash flow

€2.61M▲

2023 · €-738k

Solvency

13.8%▲

2023 · 1.7%

Current ratio

0.80▲

2023 · 0.51

Quick ratio

0.74▲

2023 · 0.42

Debt / equity

6.22▼

2023 · 56.52

ROE

85.9%▲

2023 · -682.3%

ROA

11.9%▲

2023 · -11.9%

Interest coverage

5.41▲

2023 · -0.18

Debt

€11.39M▼

2023 · €14.55M

Debt ≤ 1 year

€1.51M▼

2023 · €3.47M

Debt > 1 year

€9.41M▼

2023 · €10.96M

Staff costs

€204k▼

2023 · €209k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€14.80M€13.22M▼

Formation expenses20€85k€73k▼

Fixed assets21/28€12.94M€11.94M▼

Intangible fixed assets21€4k€2k▼

Tangible fixed assets22/27€12.93M€11.93M▼

Plant, machinery and equipment23€12k€9k▼

Furniture and vehicles24€25k€17k▼

Leasing and similar rights25€23k€17k▼

Other tangible fixed assets26€12.87M€11.89M▼

Financial fixed assets28€11k€11k=

Current assets29/58€1.77M€1.20M▼

Stocks and contracts in progress3€312k€90k▼

Stocks30/36€312k€90k▼

Amounts receivable within one year40/41€1.41M€998k▼

Trade receivables40€623k€217k▼

Other amounts receivable41€784k€782k▼

Cash at bank and in hand54/58€0€2k▲

Deferred charges and accrued income490/1€56k€114k▲

Equity and liabilities

Total equity and liabilities10/49€14.80M€13.22M▼

Equity10/15€257k€1.83M▲

Contributions10/11€1.52M€1.52M=

Outside capital11-€1.52M

Share premium1100/10-€1.52M

Reserves13€160€160=

Non-distributable reserves130/1€160€160=

Reserves not available under the articles1311€160-

Other1319-€160

Profit (loss) carried forward14€-2.62M€-1.04M▲

Investment grants15€1.36M€1.36M=

Amounts payable17/49€14.55M€11.39M▼

Amounts payable after more than one year17€10.96M€9.41M▼

Financial debts170/4€10.96M€9.07M▼

Trade debts175-€342k

Amounts payable within one year42/48€3.47M€1.51M▼

Current portion of amounts payable after more than one year42€1.45M€140k▼

Financial debts43€630k€987k▲

Credit institutions430/8€630k€987k▲

Trade debts44€1.35M€200k▼

Suppliers440/4€1.35M€200k▼

Taxes, remuneration and social security45€41k€42k▲

Taxes450/3€5k€5k▲

Remuneration and social security454/9€36k€37k▲

Other amounts payable47/48€643€143k▲

Accrued charges and deferred income492/3€109k€461k▲

Income statement Code20232024

Non-recurring operating income76A€1k€4.03M▲

Remuneration, social security and pensions62€209k€204k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.02M€1.04M▲

Other operating charges640/8€5k€8k▲

Non-recurring operating charges66A€63€124k▲

Gross operating margin9900€81k€3.55M▲

Operating profit (loss)9901€-1.15M€2.17M▲

Financial income75/76B€117k-

Recurring financial income75€117k-

Financial charges65/66B€722k€600k▼

Recurring financial charges65€722k€595k▼

Non-recurring financial charges66B-€6k

Profit (loss) for the period before taxes9903€-1.76M€1.57M▲

Profit (loss) for the period9904€-1.76M€1.57M▲

Profit (loss) for the period to be appropriated9905€-1.76M€1.57M▲

Appropriation of the result

Profit (loss) to be appropriated9906€-2.62M€-1.04M▲

Profit (loss) brought forward from the previous period14P€-862k€-2.62M▼

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 19Signals 4Financial 5Filings 10

2026

08-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 251 days late

2025

26-09

Judicial reorganisation Plan revocation

Tribunal de l’entreprise du Hainaut · 20240060 · event 15-09-2025

2024

31-12

Financial Back to profitnet €1.57M

Net result €1.57M after 6 loss-making years.

31-12

Financial Equity above €1MEq €1.83M ▲611%

Equity rises from €257k to €1.83M.

30-12

Judicial reorganisation Plan homologation

Tribunal de l’entreprise du Hainaut · 20240060 · event 19-12-2024

14-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 106 days late

30-10

Judicial reorganisation Opening

Tribunal de l’entreprise du Hainaut · collectif · event 24-10-2024

05-03

Judicial reorganisation Practitioner designation

Tribunal de l’entreprise du Hainaut

2023

31-12

Financial Weakest financial yearnet €-1.76M

Net result drops to €-1.76M, the lowest in the series; recovery starts the following year.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €2MEq €2.12M ▲63.9%

Equity rises from €1.29M to €2.12M.

23-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Equity above €1MEq €1.29M

Equity rises from €-30k to €1.29M.

01-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

27-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 27 days late

2019

28-05

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

20-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 20 days late

2017

17-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 17 days late

2016

18-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 18 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Farciennes · 1 establishment unit since 2014

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Odon Godart 86240 Farciennes

1 establishment unit

BEEAWALL

Rue Odon Godart 8, 6240 FarciennesEngineering and related technical consultancy, excluding land surveyors

since 20142.232.461.433