Equity
-€309,664
Debts exceed assets in financial year 2025.
IDRO
Lifetime
5 annual accounts with figures on one time axispeak €146,221 (2022)
€1,874▲ €56,781
lowest -€222,953 (2024)
-€150,536▲ €72,417
peak €58,491 (2023)
-€309,664▼ €150,536
€544,064▼ 25.6%
peak 2.5 FTE (2025)
2.5 FTE▲ 8.7%
Board1 name since 2020
1 directorKinetic Analysis B.V.
Owners6 names in the annual accounts
59%Kinetic Analysis Group B.V. and 4 others
Documentsfilings and deeds
06-07-202625 days before the deadline
2025abbreviated format
Gross margin from -€54,908 to €1,874Loss of €150,536Staff from 2.3 FTE to 2.5 FTEEquity from -€159,129 to -€309,664Debts from €730,820 to €544,064Cash from €459,614 to €132,488
Key points
from the 2025 annual accountsLosses
-€373,489 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €13,000 estimated
The abbreviated format states no turnover.
Debts
€544,064 232% of the balance sheet
Suppliers 4%Taxes and wages 1%Other 96%
Of this, €44,223 falls due within a year.
Staff
3 employees on 31-12-2025
In 2025, 4 people joined and 4 left.
Position in the sector
-132.1%
Lower solvency than 90% of companies in research and development. Sector median 45.5% · 271 companies.
Checked score
54
Fair
Financially stronger than 27% of micro companies in research and development (NACE 72)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 932 companies (NACE 72, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024lowest value
02-2025: 0.8%● unchanged vs 01-2025lowest value
03-2025: 0.8%● unchanged vs 02-2025lowest value
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▼ -0.2 percentage points vs 07-2025
09-2025: 1.0%▲ +0.1 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 0.9%▼ -0.1 percentage points vs 12-2025
02-2026: 1.0%▲ +0.1 percentage points vs 01-2026
03-2026: 0.9%▼ -0.1 percentage points vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.2 percentage points vs 07-2026
09-2026: 1.5%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€309,664
Loss of €150,536, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 4.05, cash €132,488, halved
Sector: Scientific research and development (NACE 72)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, micro). It does better than 6% of them on solvency, 84% on liquidity, 10% on profitability and 8% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as IDRO has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IDRO itself is lower: 1.5% within 12 months. It rests on far more data about IDRO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for IDRO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 4.05 (4.16 in 2024), above the usual 1.5. Short-term debt is 18.9% and cash 56.5% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€309,664
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 06-07-2026, 25 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
25 days early
2024
16 days early
2023
37 days early
2022
55 days early
2021
128 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 52 days before the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
KA
Kinetic Analysis B.V.
Director, GIJSSEL Maarten Pieter Eduard, since 09-06-2020
- Kinetic Analysis Group B.V. 59%annual accounts 2025
- IDROLDCO 16%score 54equity €30,646 (2025) · annual accounts 2025
- 28Digital 11%score 92equity €11.0m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0748378754
Capital increase of €5,333
4 new shares · General meeting of 19-12-2024 · Gazette deed
Registered office moved from Brussels to Antwerpen-Deurne
New registered office: Ruggeveldlaan 750 te 2100 Antwerpen-Deurne · Previous registered office: Waterloolaan 65 te 1000 Brussel · Board meeting of 18-12-2023 · Gazette deed
First establishment
Ruggeveldlaan 750, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IDRO Antwerp | €0.2m | €1,874 | -132.1% | 2.5 |
| GRAND MEDICAL (EUROPE) Niel | €0.1m | -€79,756 | -1057.7% | 0.4 |
| sil'innov Fleurus | €0.5m | -€87,325 | -139.8% | 1.3 |
| C-Path Diepenbeek | €0.6m | €15,228 | -46.2% | 2.3 |
| Nutrifocus Kapellen | €0.2m | -€16,787 | 62.5% | - |
| EUROPHARMEDTECH Ganshoren | €0.05m | -€5,941 | -52.4% | 1.2 |
| BIO INX Ghent | €1.2m | -€14,253 | -22.1% | 4 |
These companies have the same main activity as IDRO: research and development on biotechnology (NACE 72101). They are comparable in size and age: total assets between €55,000 and €1.2m, founded between 2016 and 2022.
Official details
Source: KBO- Status
- Active since 09-06-2020Normal situation
- Activity
- Research and development on biotechnologyNACE 72101and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.314.555.4042100 Antwerp, since 16-03-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 05-03-2025
Annual accounts 2025
- €234,400▼ 59.0%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on IDRO
IDRO files the abbreviated format. That format states no turnover. The gross margin fell from €20,875 in 2021 to €1,874 in 2025.
Kinetic Analysis Group B.V. holds 59% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IDRO
- What is the company number of IDRO?
- The company number of IDRO is 0748.378.754. The VAT number is the same number with BE in front: BE 0748.378.754.
- Where is IDRO based?
- The registered office is at Ruggeveldlaan 750, 2100 Antwerp.Company details
- What does IDRO do?
- According to the KBO register, the main activity is research and development on biotechnology (NACE 72101).
- What is the legal form of IDRO?
- IDRO is a private limited company (BV).
- When was IDRO founded?
- IDRO was founded on 09-06-2020.
- Is IDRO still active?
- Yes, IDRO is an active enterprise in the KBO register.
- How many employees does IDRO have?
- IDRO had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does IDRO fall under?
- In its 2025 annual accounts, IDRO states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of IDRO?
- The turnover in financial year 2025 is ≈ €13,000. This figure is estimated from the gross margin of €1,874 and 2,728 comparable companies of the same size. It probably lies between €5,300 and €32,000. It is a rough estimate.
- Is IDRO profitable?
- In financial year 2025, IDRO made a loss of €150,536.
- Where can I find the annual accounts of IDRO?
- IDRO filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IDRO due?
- IDRO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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