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BIOTECH FONDS VLAANDEREN

Active
Public limited companyfounded 199431 years activeOude Graanmarkt 63, 1000 Brussel, BelgiumKBO/BCE: BE 0454.215.168
Summary

BIOTECH FONDS VLAANDEREN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24.5m and a net result of -€4.8m. Equity is shrinking by ~7.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Het bij wijze van inschrijving, inbreng, fusie, samenwerking, financiële tussenkomst of anderszins verwerven van…
From the articlesNo NACE code in the KBO yet1 site
Size
€24.6mtotal assets 2025
Equity
€24.5m
Loss
-€4.8m
Financial health
88 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.2%
Structure
Parent
Participatiemaatschappij Vlaanderen · 100%
Board
3 members
Holdings
7
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESAccounts 85 days early
Why 88- Loss of €4.8m, the second in a row (FY 2025)- Liquidity: current ratio 127.67, cash €371,441, halved+ Size: total assets €24.6m+ Equity €24.5m (99.9% of total assets)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 40% of its sector peers (no NACE code, medium-sized)
Financial strength · tick = 2024
Average
Solvency 100=
equity 99.9% of total assets
Liquidity 52-4
short-term debt 0.1% · cash 1.5%
Profitability 0-24
return on assets -19.4%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: < 0.1%▼ -0.1 percentage points vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: 0.2%▲ +0.2 percentage points vs 05-2026highest value 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit up to €2,150,000 at 30 days acceptable
short-term debt: 0.1% and cash: 1.5% of total assets, and 0.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, medium-sized): better than 74% on solvency, 72% on liquidity, 2% on profitability and 11% on growth.

The bankruptcy probability was computed on 07-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €24.6m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €4.8m, the second in a row (FY 2025)
NBB · annual accounts
lowers risk · Equity €24.5m (99.9% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 127.67, cash €371,441, halved
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4.8m
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 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
85 days early
2024
84 days early
2023
75 days early
2022
84 days early
2021
79 days early
2020
82 days early
2019
73 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 80 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 8 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignation: Kenneth Wils (director)Appointment: Bart De Taeye (director)…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Liquidity quadruplescurrent ratio 127.67

Key points

  • Risk: 5 loss-making years in a rowloss fiscal year 2025 -€4.8m View
  • Caution: Result fell in 2025from -€1.6m to -€4.8m ▼ 191% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by Participatiemaatschappij Vlaanderen 100% View
  • Board changedlatest change 01-04-2026 · 3 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€24.6m
Loss
-€4.8m
Solvency
99.9%
Go to Financials

Board & ownership

Board
3 members
Parent
Participatiemaatschappij Vlaanderen · 100%
Auditor
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Go to Board & ownership

Timeline

Events
37
Since
2004
Next accounts
by 31-07-2027
  1. 25-07-2025Reappointment: BDO Bedrijfsrevisoren (statutory auditor)
  2. 08-05-2025Annual accounts filed
  3. 17-09-2024Resignations & appointments
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
28-12-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
6
Purpose
Het bij wijze van inschrijving, inbreng, fusie, samenwerking, financiële tussenkomst of…
Go to Articles of association

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