BIOREM ENGINEERING
InactiveBIOREM ENGINEERING was declared bankrupt on 28-11-2022 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 24-06-2025, published in the Belgian State Gazette on 03-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2016.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 08-01-2018, 161 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2016, micro schema
Turnover
€606,557
EBIT margin
-1.6%
Net result
-€480,938▼ 5.4%
2015 · -€456,315
Working capital
-€504,281▼ 40.6%
2015 · -€358,752
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20122013201420152016
Turnover€606,557-
Operating result-€9,440--€45,962▼ 387%-€140,354▼ 205%-€460,403▼ 228%-€477,218▼ 3.7%
Net result€4,138--€46,714€10,903-€456,315-€480,938▼ 5.4%
EBIT margin-1.6%-
Equity€109,704-€62,990▼ 42.6%€369,738▲ 487%-€17,523-€498,461▼ 2,745%
Total assets€690,190-€469,111▼ 32.0%€528,299▲ 12.6%€672,306▲ 27.3%€79,589▼ 88.2%
Debt€520,486-€406,121▼ 22.0%€158,561▼ 61.0%€689,829▲ 335%€578,050▼ 16.2%
Working capital-€176,813--€56,111▲ 68.3%€324,568-€358,752-€504,281▼ 40.6%
Staff (FTE)1.4-1▼ 28.6%0.9▼ 10.0%0.6▼ 33.3%2▲ 233%
Why a figure moved sharply
- 2016 Equity -2,745%, Total assets -88% on 2015. Cause not known from the registers.
- 2014 Equity +487% on 2013. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €477,218 in 2016 against €460,403 in 2015; the loss grows and 2016 has the lowest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €79,589
Fixed assets
€5,820 ▼ 98.3%
Current assets
€73,769 ▼ 77.7%
Key figures and ratios
EBITDA
-€452,500▼
2015 · -€406,462
Cash flow
-€456,220▼
2015 · -€402,374
Solvency
-626.3%▼
2015 · -2.6%
Current ratio
0.13▼
2015 · 0.48
ROA
-604.3%▼
2015 · -67.9%
Debt ≤ 1 year
€578,050▼
2015 · €689,829
Income taxes
€169▲
2015 · €11
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €606,557 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €254,292 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €243,673 | €243,343 | €57,345 | €53,941 | €24,718 | ▼ 54.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €9,280 | - | - | - |
| Other operating charges640/8 | - | - | €18,277 | - | - | - |
| Gross operating margin9900 | €375,337 | €173,948 | €198,840 | -€249,652 | €45,921 | ▲ 118% |
| Operating profit (loss)9901 | -€9,440 | -€45,962 | -€140,354 | -€460,403 | -€477,218 | ▼ 3.7% |
| Recurring financial income75 | €25,279 | €795 | €65,611 | €6,617 | €1 | ▼ 100.0% |
| Recurring financial charges65 | €4,164 | €964 | €25,194 | €2,518 | €3,552 | ▲ 41.1% |
| Profit (loss) for the period before taxes9903 | €5,868 | -€46,751 | €11,054 | -€456,304 | -€480,769 | ▼ 5.4% |
| Income taxes67/77 | €1,730 | -€37 | €151 | €11 | €169 | ▲ 1,433% |
| Profit (loss) for the period9904 | €4,138 | -€46,714 | €10,903 | -€456,315 | -€480,938 | ▼ 5.4% |
| Profit (loss) for the period to be appropriated9905 | €4,138 | -€46,714 | €10,903 | -€456,315 | -€480,938 | ▼ 5.4% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €690,190 | €469,111 | €528,299 | €672,306 | €79,589 | ▼ 88.2% |
| Fixed assets21/28 | €346,517 | €119,101 | €45,170 | €341,229 | €5,820 | ▼ 98.3% |
| Intangible fixed assets21 | - | - | €1,600 | €1,200 | - | - |
| Tangible fixed assets22/27 | €345,517 | €116,760 | €41,229 | €337,688 | €4,820 | ▼ 98.6% |
| Plant, machinery and equipment23 | - | - | €27,790 | - | - | - |
| Furniture and vehicles24 | - | - | €13,439 | - | - | - |
| Financial fixed assets28 | €1,000 | €2,341 | €2,341 | €2,341 | €1,000 | ▼ 57.3% |
| Current assets29/58 | €343,673 | €350,010 | €483,129 | €331,077 | €73,769 | ▼ 77.7% |
| Stocks and contracts in progress3 | - | - | €4,040 | - | - | - |
| Stocks30/36 | - | - | €4,040 | - | - | - |
| Amounts receivable within one year40/41 | €286,170 | €347,641 | €416,509 | €330,617 | €64,560 | ▼ 80.5% |
| Trade receivables40 | - | - | €342,000 | - | - | - |
| Other amounts receivable41 | - | - | €74,509 | - | - | - |
| Cash at bank and in hand54/58 | €52,994 | €906 | €60,299 | €460 | €9,209 | ▲ 1,902% |
| Deferred charges and accrued income490/1 | - | - | €2,281 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €690,190 | €469,111 | €528,299 | €672,306 | €79,589 | ▼ 88.2% |
| Equity10/15 | €109,704 | €62,990 | €369,738 | -€17,523 | -€498,461 | ▼ 2,745% |
| Contributions10/11 | €62,500 | €62,500 | €353,718 | €423,718 | €423,718 | = |
| Capital10 | - | - | €353,718 | - | - | - |
| Issued capital100 | - | - | €500,000 | - | - | - |
| Uncalled capital101 | - | - | €146,282 | - | - | - |
| Reserves13 | €6,250 | €6,250 | €6,944 | €6,944 | €6,944 | = |
| Legal reserve130 | - | - | €6,944 | - | - | - |
| Profit (loss) carried forward14 | €40,954 | -€5,760 | €6,461 | -€449,854 | -€930,792 | ▼ 107% |
| Investment grants15 | - | - | €2,615 | - | - | - |
| Provisions and deferred taxes16 | €60,000 | - | - | - | - | - |
| Amounts payable17/49 | €520,486 | €406,121 | €158,561 | €689,829 | €578,050 | ▼ 16.2% |
| Amounts payable within one year42/48 | €520,486 | €406,121 | €158,561 | €689,829 | €578,050 | ▼ 16.2% |
| Trade debts44 | €10,499 | €13,743 | €90,582 | €660,030 | €330,271 | ▼ 50.0% |
| Suppliers440/4 | - | - | €90,582 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €10,479 | - | - | - |
| Taxes450/3 | - | - | €1,091 | - | - | - |
| Remuneration and social security454/9 | - | - | €9,388 | - | - | - |
| Other amounts payable47/48 | - | - | €57,500 | - | - | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,138 | -€46,714 | €10,903 | -€456,315 | -€480,938 | ▼ 5.4% |
| + Depreciation and write-downs630 | €243,673 | €243,343 | €57,345 | €53,941 | €24,718 | ▼ 54.2% |
| Operating cash flow (approximation) | €247,811 | €196,629 | €68,248 | -€402,374 | -€456,220 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | -€15,927 | €16,586 | -€350,000 | €310,691 | ▲ 189% |
| Change in cash | - | -€52,088 | €59,393 | -€59,839 | €8,749 | ▲ 115% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 24-06-2025
2022
02-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 28-11-2022
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 161 days late
2016
31-12
Financial
Weakest financial yearnet -€480,938
Net result drops to -€480,938, the lowest in the series.
02-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 33 days late
2015
23-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Back to profitnet €10,903
Net result €10,903 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.05
Current ratio from 0.86 to 3.05; short-term debt falls from €406,121 to €158,561.
31-12
Financial
Equity above €200,000Eq €369,738 ▲487%
Equity rises from €62,990 to €369,738.
27-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
03-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
18-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Show earlier events
2011
22-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
20-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 20 days late
2009
18-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 18 days late
2008
03-09
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 34 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | OLIVIER GUSTINE RUE EMILE DELPEREE 5,
4500 HUY |
28-11-2022 → 24-06-2025 |