Financials
- Fiscal year
- 2025
- Turnover
- €22.6m
- Loss
- -€33.8m
- Solvency
- 47.9%
Turnover▲ 16.5%
Net result
20182025
BIONERGA
ActiveSummary
BIONERGA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39.7m and a net result of -€33.8m. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 60% of 250 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
What they do
Materials recovery from waste
NACE 38210NACE 38219NACE 90021
#3 company by equity in Limburg, Water and waste sector7 sites
How big
€22.6mturnover 2025
- Staff
- 47.9 FTE
- Equity
- €39.7m
- Loss
- -€33.8m
Who decides
- Parent
- NUHMA AC · 53.2%
- Holdings
- 6
Accounts 71 d early0 of 37 deeds read
Why 83- Loss of €33.8m, the second in a row (FY 2025)- Sector Waste collection, recovery and disposal activities (NACE 38)+ Size: turnover €22.6m, 47.9 FTE, total assets €82.9m, files consolidated accounts+ Equity €39.7m (47.9% of total assets)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 54% of its sector peers (NACE 38, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
73-15
equity 47.9% of total assets
Liquidity
60-3
short-term debt 12.5% · cash 9.0%
Profitability
46+2
return on assets -40.8%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● 0.0% vs 11-2024
01-2025: 0.2%● 0.0% vs 12-2024
02-2025: 0.2%▼ -2.2% vs 01-2025lowest value
03-2025: 0.2%● 0.0% vs 02-2025lowest value
04-2025: 0.2%▲ +14.4% vs 03-2025
05-2025: 0.3%▲ +23.8% vs 04-2025
06-2025: 0.6%▲ +137% vs 05-2025highest value
07-2025: 0.6%● 0.0% vs 06-2025highest value
08-2025: 0.6%● 0.0% vs 07-2025highest value
09-2025: 0.3%▼ -45.1% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%● 0.0% vs 12-2025
02-2026: 0.3%▼ -3.6% vs 01-2026
03-2026: 0.3%● 0.0% vs 02-2026
04-2026: 0.3%▲ +8.1% vs 03-2026
05-2026: 0.4%▲ +4.6% vs 04-2026
06-2026: 0.4%▲ +1.1% vs 05-2026
07-2026: 0.5%▲ +23.8% vs 06-2026
08-2026: 0.5%● 0.0% vs 07-2026
09-2026: 0.5%● 0.0% vs 08-2026
10-2026: 0.5%● 0.0% vs 09-2026
- Loss of €33.8m, the second in a row (FY 2025) raises the probability
- Size: turnover €22.6m, 47.9 FTE, total assets €82.9m, files consolidated accounts lowers the probability for this profile
- Sector Waste collection, recovery and disposal activities (NACE 38) raises the probability
- Equity €39.7m (47.9% of total assets) lowers the probability
Credit up to €2,250,000 at 30 days acceptable
Liquidity ample (current ratio 2.76 against 4.06 in 2024; short-term debt: 12.5% and cash: 9% of total assets), but 52.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, small). Better than this share of them on solvency 67%, liquidity 78%, profitability 26%, growth against the median 46%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€33.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
71 d early
2024
76 d early
2023
76 d early
2022
80 d early
2021
72 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 75 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2025 · consolidated
- Weakest financial yearnet -€33.8m
Key points
- Caution: Among the weakest 5% on net resultsector median €148,592 · 248 companies -€33.8m View
- Caution: Equity fell in 2025from €73.5m to €39.7m ▼ 46.0% View
- Controlled by NUHMA ACknown shareholders 59.2% 53.2% View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€33.8m View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
By topic
Board & ownership
- Parent
- NUHMA AC · 53.2%
- Known shareholders
- 59.2%
Network & group
- Group
- NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
- Subsidiaries
- 10
- Holdings
- 6
10 subsidiaries
Timeline
- Events
- 13
- Since
- 2019
- Next accounts
- by 31-07-2027
- 12-06-2026Annual accounts filed
- 21-05-2026Annual accounts filed
- 31-12-2025Weakest financial year
Company details
- Sites
- 7
- Legal form
- Public limited company
- Activity
- Materials recovery from wasteNACE 38210
- Founded
- 04-07-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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