BOTRONICS
ActiveSummary
BOTRONICS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of -€336,317. Equity is growing by ~115.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 395 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▲+8
Solvency91▼-8
Growth52=
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 9.14 against 2.18 in 2024; short-term debt: 8.3% and cash: 65.2% of total assets), and 33.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.3%
Return on assets
-8.8%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
14 d early
2024
6 d early
2023
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
On 26 December 2022, BOTRONICS was incorporated as a Private limited company by 15 natural persons, with a starting capital of EUR 170,000.12 The capital was increased 4 times between 2024 and 2025.345 Of the 3 current board members, Z-INDEX has served longest, since 2022.3 Total assets went from EUR 772,548 in 2023 to EUR 3.8 million in 2025 and headcount from 0.6 to 2.8 full-time equivalents.6
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Financials · fiscal year 2025, micro schema
Equity
€2.5m▲ 224%
2024 · €781,433
Total assets
€3.8m▲ 263%
2024 · €1.0m
Net result
-€336,317▼ 11.0%
2024 · -€303,024
Working capital
€2.6m▲ 806%
2024 · €284,125
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
Line202320242025
Operating result-€19,316--€348,123▼ 1,702%-€417,805▼ 20.0%
Net result-€8,874--€303,024▼ 3,315%-€336,317▼ 11.0%
Equity€725,928-€781,433▲ 7.6%€2.5m▲ 224%
Total assets€772,548-€1.0m▲ 35.9%€3.8m▲ 263%
Debt€46,620-€268,111▲ 475%€1.3m▲ 379%
Working capital€592,797-€284,125▼ 52.1%€2.6m▲ 806%
Staff (FTE)0.6-1.9▲ 217%2.8▲ 47.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €417,805 in 2025 against €348,123 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€922,862 ▲ 76.1%
Current assets
€2.9m ▲ 450%
Equity and liabilities €3.8m
Equity
€2.5m ▲ 224%
Debt
€1.3m ▲ 379%
Debt's share of the balance-sheet total rises from 25.5% to 33.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€293,483▼
2024 · -€274,696
Cash flow
-€211,995▲
2024 · -€229,597
Current ratio
9.14▲
2024 · 2.18
Quick ratio
9.11▲
2024 · 2.15
Debt to equity
0.51▲
2024 · 0.34
ROE
-13.3%▲
2024 · -38.8%
ROA
-8.8%▲
2024 · -28.9%
Interest coverage
-24.64▲
2024 · -87.08
Debt ≤ 1 year
€316,222▲
2024 · €241,365
Debt > 1 year
€967,281▲
2024 · €26,746
Income taxes
€210▲
2024 · €130
Staff costs
€248,913▲
2024 · €119,261
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €20,298 | €119,261 | €248,913 | ▲ 109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,915 | €73,427 | €124,322 | ▲ 69.3% |
| Other operating charges640/8 | €1,881 | €448 | €2,049 | ▲ 358% |
| Gross operating margin9900 | €15,779 | -€154,988 | -€42,522 | ▲ 72.6% |
| Operating profit (loss)9901 | -€19,316 | -€348,123 | -€417,805 | ▼ 20.0% |
| Financial income75/76B | €11,986 | €48,383 | €93,611 | ▲ 93.5% |
| Recurring financial income75 | €11,986 | €48,383 | €93,611 | ▲ 93.5% |
| Financial charges65/66B | €1,475 | €3,154 | €11,913 | ▲ 278% |
| Recurring financial charges65 | €1,475 | €3,154 | €11,913 | ▲ 278% |
| Profit (loss) for the period before taxes9903 | -€8,805 | -€302,895 | -€336,107 | ▼ 11.0% |
| Income taxes67/77 | €69 | €130 | €210 | ▲ 61.9% |
| Profit (loss) for the period9904 | -€8,874 | -€303,024 | -€336,317 | ▼ 11.0% |
| Profit (loss) for the period to be appropriated9905 | -€8,874 | -€303,024 | -€336,317 | ▼ 11.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €772,548 | €1.0m | €3.8m | ▲ 263% |
| Fixed assets21/28 | €137,980 | €524,054 | €922,862 | ▲ 76.1% |
| Intangible fixed assets21 | €136,192 | €521,499 | €897,390 | ▲ 72.1% |
| Tangible fixed assets22/27 | €1,787 | €2,555 | €18,293 | ▲ 616% |
| Plant, machinery and equipment23 | - | - | €4,733 | - |
| Furniture and vehicles24 | €1,787 | €2,555 | €13,560 | ▲ 431% |
| Financial fixed assets28 | - | - | €7,178 | - |
| Current assets29/58 | €634,568 | €525,491 | €2.9m | ▲ 450% |
| Stocks and contracts in progress3 | €16,380 | €7,232 | €10,882 | ▲ 50.5% |
| Stocks30/36 | €16,380 | €7,232 | €10,882 | ▲ 50.5% |
| Amounts receivable within one year40/41 | €81,930 | €198,603 | €388,483 | ▲ 95.6% |
| Trade receivables40 | €16,900 | €34,633 | €2,498 | ▼ 92.8% |
| Other amounts receivable41 | €65,030 | €163,970 | €385,985 | ▲ 135% |
| Cash at bank and in hand54/58 | €536,259 | €319,656 | €2.5m | ▲ 678% |
| Deferred charges and accrued income490/1 | - | - | €3,321 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €772,548 | €1.0m | €3.8m | ▲ 263% |
| Equity10/15 | €725,928 | €781,433 | €2.5m | ▲ 224% |
| Contributions10/11 | €686,973 | €913,972 | €2.5m | ▲ 178% |
| Profit (loss) carried forward14 | -€8,874 | -€311,899 | -€648,216 | ▼ 108% |
| Investment grants15 | €47,829 | €179,359 | €638,324 | ▲ 256% |
| Amounts payable17/49 | €46,620 | €268,111 | €1.3m | ▲ 379% |
| Amounts payable after more than one year17 | €4,849 | €26,746 | €967,281 | ▲ 3,517% |
| Financial debts170/4 | €4,849 | €26,746 | €206,194 | ▲ 671% |
| Advances received on contracts in progress176 | - | - | €761,087 | - |
| Amounts payable within one year42/48 | €41,772 | €241,365 | €316,222 | ▲ 31.0% |
| Current portion of amounts payable after more than one year42 | €3,968 | €104,141 | €157,651 | ▲ 51.4% |
| Financial debts43 | €2,847 | €2,967 | €6,078 | ▲ 105% |
| Credit institutions430/8 | €2,847 | €2,967 | €6,078 | ▲ 105% |
| Trade debts44 | €13,061 | €120,720 | €126,143 | ▲ 4.5% |
| Suppliers440/4 | €13,061 | €120,720 | €126,143 | ▲ 4.5% |
| Taxes, remuneration and social security45 | €3,057 | €13,390 | €26,204 | ▲ 95.7% |
| Taxes450/3 | €69 | €2,023 | €340 | ▼ 83.2% |
| Remuneration and social security454/9 | €2,988 | €11,367 | €25,864 | ▲ 128% |
| Other amounts payable47/48 | €18,839 | €146 | €146 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,874 | -€303,024 | -€336,317 | ▼ 11.0% |
| + Depreciation and write-downs630 | €12,915 | €73,427 | €124,322 | ▲ 69.3% |
| Operating cash flow (approximation) | €4,041 | -€229,597 | -€211,995 | ▲ 7.7% |
| Investment in fixed assets (approximation) | - | -€459,501 | -€523,130 | ▼ 13.8% |
| Change in cash | - | -€216,603 | €2.2m | ▲ 1,101% |
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€336,317
Net result drops to -€336,317, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 9.14
Current ratio from 2.18 to 9.14.
31-12
Financial
Equity above €2mEq €2.5m ▲224%
Equity rises from €781,433 to €2.5m.
20-10
State Gazette act
Capital & shares · Statutes amendment · MiscellaneousCapital increase · Bank account · Power of attorney4 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Miscellaneous
Capital increase · Bank account · Power of attorney4 facts ▸
- Capital increase, €251.998,56
- Bank account, 251998.56, deposited
- Statutes amendment, 5
- Power of attorney, John de BROUCHOVEN de BERGEYCK
29-09
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments · MiscellaneousShare issue · Capital increase · Power of attorney15 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments · Miscellaneous
Share issue · Capital increase · Power of attorney15 facts ▸
- General meeting, 27/08/2025
- Share issue, C, 664406
- Capital increase, €1.348.495,61
- Share issue, C, ouverture de souscription
- Share issue, droits de souscription SOP, plan d’option sur actions en faveur de membres du personnel
- Statutes amendment, 5
- Statutes amendment, 9
- Statutes amendment, 10
- Statutes amendment, 12
- Statutes amendment, 14.2
- Statutes amendment, 16
- Power of attorney, deux administrateurs agissant conjointement
- +3 further facts in this act
93% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
17-01
State Gazette act
Resignation: Maxime VANDE GHINSTE (class A director)Reappointments: Z-INDEX (class A director) and Olivier WITMEUR (class B director) · Permanent representative: Eric PIRAUX · Appointment: Antoine VAN MALLEGHEM (class A director)16 facts ▸
State Gazette act
Resignation: Maxime VANDE GHINSTE (class A director)
Reappointments: Z-INDEX (class A director) and Olivier WITMEUR (class B director) · Permanent representative: Eric PIRAUX · Appointment: Antoine VAN MALLEGHEM (class A director)16 facts ▸
- General meeting, 30/12/2024
- Capital increase, €241.998,19
- Bank account, CBC
- Statutes amendment
- Capital
- Director resignation, Maxime VANDE GHINSTE (class A director)
- Director discharge, Maxime VANDE GHINSTE
- Director reappointment, Z-INDEX (class A director)
- Permanent representative, Eric PIRAUX
- Director reappointment, Olivier WITMEUR (class B director)
- Director appointment, Antoine VAN MALLEGHEM (class A director)
- Mandate compensation, BOTRONICS
- +4 further facts in this act
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
29-01
State Gazette act
Appointments: Z-INDEX, Maxime VANDE GHINSTE and Olivier WITMEURPermanent representative: Eric PIRAUX · Capital increase · Bank account11 facts ▸
State Gazette act
Appointments: Z-INDEX, Maxime VANDE GHINSTE and Olivier WITMEUR
Permanent representative: Eric PIRAUX · Capital increase · Bank account11 facts ▸
- General meeting, 29/12/2023
- Capital increase, €526.973,2
- Bank account, CBC
- Capital
- Share issue, droits de souscription SOP
- Director appointment, Z-INDEX (class A director)
- Permanent representative, Eric PIRAUX
- Director appointment, Maxime VANDE GHINSTE (class A director)
- Director appointment, Olivier WITMEUR (class B director)
- Director appointment, Z-INDEX (managing director)
- Power of attorney, Beyond Law
2022
28-12
State Gazette act
IncorporationAppointment: Z-INDEX (director) · Permanent representative: Eric PIRAUX · Founder13 facts ▸
State Gazette act
Incorporation
Appointment: Z-INDEX (director) · Permanent representative: Eric PIRAUX · Founder13 facts ▸
- Incorporation, 23/12/2022
- Founder, Carine GUILLAUME
- Founder, Antoine VAN MALLEGHEM
- Founder, Maxime VANDE GHINSTE
- Founding capital, €170.000
- Director appointment, Z-INDEX (director)
- Permanent representative, Eric PIRAUX
- Mandate compensation, Z-INDEX
- Power of attorney, Eric PIRAUX
- Service agreement, gestion de la société, 8.333 EUR mensuel
- First ordinary general meeting, juin 2024
- Pre-incorporation ratification, depuis le 1er juillet 2021
- +1 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
5 of 5 acts read
Directors · office · real estate
Directors
3 directors, 1 in day-to-day management, last change in 2025
Board 3
Z-INDEX
CurrentClass A director · since 23-12-2022 · Private limited company · perm. rep.: Eric PIRAUX
WITMEUR Olivier
CurrentClass B director · since 29-12-2023
VAN MALLEGHEM Antoine
CurrentClass A director · since 17-01-2025
Day-to-day management 1
Z-INDEX
CurrentManaging director · since 29-12-2023 · Private limited company · perm. rep.: Eric PIRAUX
Permanent representatives 1
Eric PIRAUX
CurrentPermanent representative · since 23-12-2022 · for Z-INDEX
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Les Bons Villers · 1 establishment unit since 2023
Ground area
5,476 m²
Building footprint
2,481 m²
Volume, LiDAR
14,623 m³
2 parcels, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOTRONICS
since 20232.340.605.545
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0642/00C000 | Wallonia | 4,842 m² | 1 · 2,423 m² | 9.6 m · 2 fl. |
| 52024A0159/00N000 | Wallonia | 634 m² | 1 · 58 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
4 people since 2022, 3 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Z-INDEX |
|
| WITMEUR Olivier |
|
| VAN MALLEGHEM Antoine |
|
| Maxime VANDE GHINSTE |
|
Articles of association
Purpose
La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre ou pour compte de tiers ou en participation avec ceux-ci : la conception, la fabrication…
Full purpose
La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre ou pour compte de tiers ou en participation avec ceux-ci : la conception, la fabrication, l'assemblage, le contrôle, la commercialisation et le service de tout type de machines et d'équipements permettant de réaliser automatiquement, ou de robotiser, les tâches répétitives absorbant anormalement du temps de personnes qualifiées pour des activités plus gratifiantes... [full text omitted for brevity but captured in value]
Structure & network
Connections & network
3 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 20-10-2025 ↗
- VAN MALLEGHEM Antoine
- Z-INDEX (BE 0525.897.079)
After the capital increase
act of 17-01-2025 ↗
- LES AMIS DE BOTRONICS (BE 0803.721.907) 202,352 shares · 214,999 EUR
After the capital increase
act of 29-01-2024 ↗
- LES AMIS DE BOTRONICS 535,298 shares · 455 EUR
- SIBA Tax Shelter 7 (BE 0787.271.301) 78,792 shares · 66,973.20 EUR
- Eric PIRAUX 5,882 shares · 5 EUR
At incorporation
act of 28-12-2022 ↗
- Carine GUILLAUME 776,779 shares (63.1%) · 40,000 EUR
- Antoine VAN MALLEGHEM 237,219 shares (19.3%) · 10,000 EUR
- Maxime VANDE GHINSTE 102,052 shares (8.3%) · 10,000 EUR
- Laurent LEBRUN 10,000 shares (0.8%) · 5,000 EUR
- Arnaud SONNET 10,000 shares (0.8%) · 10,000 EUR
- Lucien CULOT 10,000 shares (0.8%) · 10,000 EUR
- Olivier WITMEUR 10,000 shares (0.8%) · 10,000 EUR
- Olivier QUINTENS 10,000 shares (0.8%) · 10,000 EUR
- Jean-Pierre GUILLAUME 10,000 shares (0.8%) · 10,000 EUR
- Cédric MEYER 10,000 shares (0.8%) · 10,000 EUR
- Julien SOMVILLE BIETLOT 10,000 shares (0.8%) · 10,000 EUR
- Benoît HARMANT 10,000 shares (0.8%) · 10,000 EUR
- Guy BOUCKAERT 10,000 shares (0.8%) · 10,000 EUR
- Clara MEEUS 10,000 shares (0.8%) · 10,000 EUR
- Frédéric TAIS 5,000 shares (0.4%) · 5,000 EUR
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 20-10-2025 Capital increase of 251,998.56 EUR
- 29-09-2025 Capital increase of 1,348,495.61 EUR · in cash
- 17-01-2025 Capital increase of 241,998.19 EUR · 227,763 new shares
- 29-01-2024 Capital increase of 526,973.20 EUR · 619,972 new shares
- 28-12-2022 Incorporation · 170,000 EUR · 1,231,050 shares
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Of 268 companies in sector 28220 we hold annual accounts for 231. 164 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
28220Manufacture of machinery and equipment not elsewhere classified
28990Manufacture of machinery and equipment not elsewhere classified
Scores and ratios are computed by Checked and are not a credit decision.