FYTEKO
ActiveSummary
FYTEKO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.0m and a net result of -€2.4m. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 8.1 against 15.91 in 2024; short-term debt: 9.5% and cash: 1.2% of total assets), and 14.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
85.1%
Return on assets
-20.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 -€2.4m
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
22 d early
2023
16 d early
2022
41 d early
2021
19 d early
2020
2 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 13 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. Usually files around 12 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#4 company by staff growth in the Brussels-Capital Region, Research and development sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2.4m▼ 28.0%
2024 · -€1.8m
Working capital
€7.9m▼ 27.0%
2024 · €10.8m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€62,113▲ 85.3%-€755,007▼ 1,116%-€1.2m▼ 56.8%-€1.9m▼ 58.7%-€2.9m▼ 52.5%
Net result€294,844above the sector's middle half-€369,321below the sector's middle half-€808,738below the sector's middle half▼ 119%-€1.8mbelow the sector's middle half▼ 129%-€2.4mbelow the sector's middle half▼ 28.0%
Equity€2.6mabove the sector's middle half▲ 26.7%€2.7mwithin the sector's middle half▲ 2.3%€1.6mwithin the sector's middle half▼ 39.7%€12.5mabove the sector's middle half▲ 668%€10.0mabove the sector's middle half▼ 20.4%
Total assets€3.6mabove the sector's middle half▲ 22.2%€5.6mwithin the sector's middle half▲ 54.1%€5.5mwithin the sector's middle half▼ 1.0%€14.1mabove the sector's middle half▲ 155%€11.7mwithin the sector's middle half▼ 17.0%
Debt€793,081▼ 1.5%€2.6m▲ 222%€3.6m▲ 42.9%€1.3m▼ 63.8%€1.6m▲ 22.6%
Working capital€1.0mabove the sector's middle half▼ 8.2%€2.7mwithin the sector's middle half▲ 165%€2.4mwithin the sector's middle half▼ 9.1%€10.8mabove the sector's middle half▲ 345%€7.9mabove the sector's middle half▼ 27.0%
Solvency72.9%within the sector's middle half▲ 2.6pp48.4%within the sector's middle half▼ 24.5pp29.5%within the sector's middle half▼ 18.9pp88.7%above the sector's middle half▲ 59.2pp85.1%above the sector's middle half▼ 3.6pp
Current ratio2.27within the sector's middle half▼ 0.099.78above the sector's middle half▲ 7.527.79above the sector's middle half▼ 1.9915.91above the sector's middle half▲ 8.128.10above the sector's middle half▼ 7.81
Return on assets (ROA)8.1%within the sector's middle half▲ 14.6pp-6.6%within the sector's middle half▼ 14.8pp-14.6%below the sector's middle half▼ 8.0pp-13.1%within the sector's middle half▲ 1.5pp-20.2%below the sector's middle half▼ 7.1pp
Staff (FTE)8.7▲ 26.1%11.1within the sector's middle half▲ 27.6%14.2within the sector's middle half▲ 27.9%11.8within the sector's middle half▼ 16.9%15.7within the sector's middle half▲ 33.1%
above
within
below
the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.9m in 2025 against €1.9m 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 €11.7m
Fixed assets
€2.7m ▲ 4.8%
Current assets
€9.0m ▼ 22.0%
Equity and liabilities €11.7m
Equity
€10.0m ▼ 20.4%
Provisions
€125,623 ▼ 54.5%
Debt
€1.6m ▲ 22.6%
Debt's share of the balance-sheet total rises from 9.4% to 13.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1.8m▼
2024 · -€967,820
Cash flow
-€1.3m▼
2024 · -€936,878
Quick ratio
7.84▼
2024 · 15.42
Debt to equity
0.16▲
2024 · 0.11
ROE
-23.8%▼
2024 · -14.8%
Interest coverage
-31.51▼
2024 · -2.27
Debt ≤ 1 year
€1.1m▲
2024 · €723,328
Debt > 1 year
€333,333▼
2024 · €416,667
Income taxes
-€5,663▲
2024 · -€47,871
Staff costs
€1.6m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 376 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 92% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
0.8%
went bankrupt
7.2%
stopped otherwise
92%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 376 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €851 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €606,813 | €883,696 | €1.1m | €1.1m | €1.6m | ▲ 47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €428,996 | €639,215 | €820,982 | €911,712 | €1.1m | ▲ 17.6% |
| Other operating charges640/8 | €4,012 | €4,435 | €1,870 | €2,682 | €196,230 | ▲ 7,216% |
| Non-recurring operating charges66A | - | - | - | €125,623 | €0 | ▼ 100% |
| Gross operating margin9900 | €977,708 | €772,339 | €768,659 | €214,091 | -€44,457 | ▼ 121% |
| Operating profit (loss)9901 | -€62,113 | -€755,007 | -€1.2m | -€1.9m | -€2.9m | ▼ 52.5% |
| Financial income75/76B | €277,584 | €305,164 | €312,904 | €312,646 | €552,055 | ▲ 76.6% |
| Recurring financial income75 | €277,584 | €305,164 | €312,904 | €312,646 | €552,055 | ▲ 76.6% |
| Financial charges65/66B | €7,444 | €28,902 | €74,615 | €426,239 | €56,963 | ▼ 86.6% |
| Recurring financial charges65 | €7,444 | €28,902 | €74,615 | €426,239 | €56,963 | ▼ 86.6% |
| Profit (loss) for the period before taxes9903 | €208,027 | -€478,746 | -€945,740 | -€2.0m | -€2.4m | ▼ 19.0% |
| Transfer from deferred taxes780 | €58,782 | €70,792 | €96,173 | €96,663 | €0 | ▼ 100% |
| Income taxes67/77 | -€28,035 | -€38,633 | -€40,829 | -€47,871 | -€5,663 | ▲ 88.2% |
| Profit (loss) for the period9904 | €294,844 | -€369,321 | -€808,738 | -€1.8m | -€2.4m | ▼ 28.0% |
| Profit (loss) for the period to be appropriated9905 | €294,844 | -€369,321 | -€808,738 | -€1.8m | -€2.4m | ▼ 28.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €5.6m | €5.5m | €14.1m | €11.7m | ▼ 17.0% |
| Fixed assets21/28 | €1.8m | €2.6m | €2.7m | €2.6m | €2.7m | ▲ 4.8% |
| Intangible fixed assets21 | €1.7m | €2.5m | €2.6m | €2.5m | €2.6m | ▲ 1.8% |
| Tangible fixed assets22/27 | €80,603 | €135,364 | €109,974 | €74,608 | €147,184 | ▲ 97.3% |
| Plant, machinery and equipment23 | €75,287 | €129,278 | €106,835 | €72,838 | €127,872 | ▲ 75.6% |
| Furniture and vehicles24 | €5,316 | €6,086 | €3,140 | €1,770 | €19,312 | ▲ 991% |
| Financial fixed assets28 | €2,842 | €2,842 | €3,217 | €2,612 | €9,870 | ▲ 278% |
| Current assets29/58 | €1.8m | €3.0m | €2.8m | €11.5m | €9.0m | ▼ 22.0% |
| Stocks and contracts in progress3 | €157,175 | €360,973 | €394,193 | €357,914 | €294,068 | ▼ 17.8% |
| Stocks30/36 | €157,175 | €360,973 | €394,193 | €357,914 | €294,068 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €433,438 | €698,774 | €592,586 | €697,861 | €929,875 | ▲ 33.2% |
| Trade receivables40 | €299,780 | €302,244 | €371,800 | €429,768 | €629,131 | ▲ 46.4% |
| Other amounts receivable41 | €133,658 | €396,530 | €220,786 | €268,093 | €300,744 | ▲ 12.2% |
| Current investments50/53 | - | - | - | - | €7.5m | - |
| Cash at bank and in hand54/58 | €1.2m | €1.9m | €1.8m | €10.4m | €143,219 | ▼ 98.6% |
| Deferred charges and accrued income490/1 | €13,106 | €13,579 | €21,382 | €29,043 | €113,924 | ▲ 292% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €5.6m | €5.5m | €14.1m | €11.7m | ▼ 17.0% |
| Equity10/15 | €2.6m | €2.7m | €1.6m | €12.5m | €10.0m | ▼ 20.4% |
| Contributions10/11 | €2.5m | €1.8m | €1.8m | €14.9m | €14.9m | = |
| Capital10 | €2.5m | €1.8m | €1.8m | €14.9m | €14.9m | = |
| Issued capital100 | €2.5m | €1.8m | €1.8m | €14.9m | €14.9m | = |
| Reserves13 | €114 | €114 | €114 | €114 | €114 | = |
| Non-distributable reserves130/1 | €114 | €114 | €114 | €114 | €114 | = |
| Legal reserve130 | €114 | €114 | €114 | €114 | €114 | = |
| Profit (loss) carried forward14 | -€580,291 | -€191,321 | -€1.0m | -€2.8m | -€5.2m | ▼ 83.1% |
| Investment grants15 | €678,119 | €1.0m | €784,375 | €480,340 | €295,185 | ▼ 38.5% |
| Provisions and deferred taxes16 | €190,038 | €328,648 | €247,165 | €276,124 | €125,623 | ▼ 54.5% |
| Provisions for liabilities and charges160/5 | - | - | - | €125,623 | €125,623 | = |
| Other liabilities and charges164/5 | - | - | - | €125,623 | €125,623 | = |
| Deferred taxes168 | €190,038 | €328,648 | €247,165 | €150,501 | €0 | ▼ 100% |
| Amounts payable17/49 | €793,081 | €2.6m | €3.6m | €1.3m | €1.6m | ▲ 22.6% |
| Amounts payable after more than one year17 | - | €2.3m | €3.3m | €416,667 | €333,333 | ▼ 20.0% |
| Financial debts170/4 | - | €2.3m | €3.3m | €416,667 | €333,333 | ▼ 20.0% |
| Amounts payable within one year42/48 | €793,081 | €303,433 | €356,776 | €723,328 | €1.1m | ▲ 53.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €83,684 | €104,167 | ▲ 24.5% |
| Financial debts43 | - | - | - | €250,000 | €312,645 | ▲ 25.1% |
| Credit institutions430/8 | - | - | - | €250,000 | €312,645 | ▲ 25.1% |
| Trade debts44 | €60,077 | €171,548 | €171,436 | €221,784 | €377,059 | ▲ 70.0% |
| Suppliers440/4 | €60,077 | €171,548 | €171,436 | €221,784 | €377,059 | ▲ 70.0% |
| Taxes, remuneration and social security45 | €71,098 | €95,714 | €99,608 | €83,795 | €183,778 | ▲ 119% |
| Taxes450/3 | €218 | €0 | - | - | - | - |
| Remuneration and social security454/9 | €70,880 | €95,714 | €99,608 | €83,795 | €183,778 | ▲ 119% |
| Other amounts payable47/48 | €661,907 | €36,171 | €85,732 | €84,065 | €131,074 | ▲ 55.9% |
| Accrued charges and deferred income492/3 | - | - | €42,418 | €182,241 | €179,650 | ▼ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €294,844 | -€369,321 | -€808,738 | -€1.8m | -€2.4m | ▼ 28.0% |
| + Depreciation and write-downs630 | €428,996 | €639,215 | €820,982 | €911,712 | €1.1m | ▲ 17.6% |
| Operating cash flow (approximation) | €723,840 | €269,894 | €12,244 | -€936,878 | -€1.3m | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€951,722 | -€764,533 | -€1.2m | ▼ 56.5% |
| Change in cash | - | €700,518 | -€122,704 | €8.7m | -€10.3m | ▼ 219% |
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
17-08
State Gazette act
Appointment: Carlos Rodriguez-Villa Förster (director)Resignation: Rico Toft CHRISTENSEN (director) · Permanent representative: Guillaume Wégria4 facts ▸
State Gazette act
Appointment: Carlos Rodriguez-Villa Förster (director)
Resignation: Rico Toft CHRISTENSEN (director) · Permanent representative: Guillaume Wégria4 facts ▸
- Board meeting, 25-06-2026
- Director appointment, Carlos Rodriguez-Villa Förster (director)
- Director resignation, Rico Toft CHRISTENSEN (director)
- Permanent representative, Guillaume Wégria (permanent representative)
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€2.4m
Net result drops to -€2.4m, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 15.91
Current ratio from 7.79 to 15.91.
31-12
Financial
Equity above €10mEq €12.5m ▲668%
Equity rises from €1.6m to €12.5m.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 9.78
Current ratio from 2.27 to 9.78; short-term debt falls from €793,081 to €303,433.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €294,844
Net result €294,844 after 3 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Carlos Rodriguez-Villa Förster
CurrentDirector · since 25-06-2026
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
13 of this company's 14 Belgian State Gazette acts have not been read yet. 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, Anderlecht · 3 establishment units since 2014
Ground area
9.0 ha
Building footprint
2,820 m²
Volume, LiDAR
18,854 m³
3 parcels, Brussels, Wallonia · tallest building 17.9 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
3 establishment units
Fyteko
since 20142.230.697.221
FYTEKO
since 20172.267.735.680
Fyteko
since 20232.342.531.984
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25384A0101/00W000 | Wallonia | 8.8 ha | 1 · 654 m² | 8.9 m · 2 fl. |
| 21307F0170/00S002 | Brussels | 2,186 m² | 1 · 2,167 m² | 17.9 m · 2 fl. |
| 53402A0191/00F016 | Wallonia | 400 m² | - | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Carlos Rodriguez-Villa Förster |
|
| Rico TOFT CHRISTENSEN |
|
Structure & network
Owners and holdings
2 ownersOwners 2
-
7.98%
-
2.43%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Subsidies and aid
European research
1 project · 1 as coordinator · 1,933,269 EUR EU contributionProgrammes
Projects
Nurspray Biostimulants - Protecting agriculture against climate stress with breakthrough sustainable crop treatment
Recognitions · licences · registrations
Food safety, FASFC
1 siteMons2.267.735.680
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Company details
Identification
Legal formPublic limited company
Founded23-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
72101Research and development on biotechnology
72109Other research and development on natural sciences
47761Retail sale of flowers, plants, seeds and fertilisers
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
Contact
Website
www.fyteko.comAnderlecht
E-mail
contact@fyteko.comAnderlecht
Phone
010235411Ottignies-Louvain-la-Neuve
E-invoicing
Reachable via Peppol
Peppol ID
0208:0552915242
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.