Financials
- Fiscal year
- 2025
- Total assets
- €4.5m
- Loss
- -€3.0m
- Solvency
- 78.2%
Total assets▼ 35.1%
Net result
20182025
Bedal International
ActiveSummary
The annual accounts of Bedal International for fiscal year 2025 show a net loss of 66% of total assets. The 2025 annual accounts show equity of €3.5m and a net result of -€3.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 71% of 239 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Other research and development on natural sciences
NACE 72109Wholesale of pharmaceutical and medical goods NACE 46460NACE 72190
#5 company by equity in Limburg, Research and development sector1 site
Size
€4.5mtotal assets 2025
- Staff
- 9 FTE
- Equity
- €3.5m
- Loss
- -€3.0m
Structure
- Largest shareholder
- F3 Finance PE I · 25.55%
- Board
- 3 members
- Holdings
- 1
Auditor: Finvision BedrijfsrevisorenAccounts 18 d early
Why 55Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €3.0m, the second in a row (FY 2025)+ Figures for FY 2025 (filed 13-07-2026)+ Equity €3.5m (78.2% of total assets)+ Legal form Public limited companyShow the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 38% of its sector peers (NACE 72, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency
100=
equity 78.2% of total assets
Liquidity
55-8
short-term debt 19.5% · cash 8.4%
Profitability
0=
return on assets -65.7%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.4%
12-2024: 2.4%● 0.0% vs 11-2024
01-2025: 2.4%● 0.0% vs 12-2024
02-2025: 2.5%▲ +1.6% vs 01-2025
03-2025: 2.8%▲ +12.5% vs 02-2025
04-2025: 2.9%▲ +3.8% vs 03-2025
05-2025: 2.9%▲ +2.2% vs 04-2025
06-2025: 3.1%▲ +5.2% vs 05-2025
07-2025: 3.2%▲ +4.6% vs 06-2025highest value
08-2025: 0.4%▼ -89.1% vs 07-2025lowest value
09-2025: 0.4%● 0.0% vs 08-2025lowest value
10-2025: 0.4%● 0.0% vs 09-2025lowest value
11-2025: 0.4%● 0.0% vs 10-2025lowest value
12-2025: 0.4%● 0.0% vs 11-2025lowest value
01-2026: 0.4%● 0.0% vs 12-2025lowest value
02-2026: 0.4%● 0.0% vs 01-2026lowest value
03-2026: 0.4%● 0.0% vs 02-2026lowest value
04-2026: 0.4%▲ +14.4% vs 03-2026
05-2026: 0.4%▲ +4.2% vs 04-2026
06-2026: 0.5%▲ +9.7% vs 05-2026
07-2026: 0.5%▲ +6.9% vs 06-2026
08-2026: 0.6%▲ +12.8% vs 07-2026
09-2026: 0.6%● 0.0% vs 08-2026
10-2026: 0.6%● 0.0% vs 09-2026
- Loss of €3.0m, the second in a row (FY 2025) raises the probability
- Figures for FY 2025 (filed 13-07-2026) lowers the probability
- Equity €3.5m (78.2% of total assets) lowers the probability
- Legal form Public limited company lowers the probability
Credit up to €190,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.17 against 14.21 in 2024; short-term debt: 19.5% and cash: 8.4% of total assets), and 21.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 72, micro). Better than this share of them on solvency 83%, liquidity 40%, profitability 10%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 -€3.0m
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
22 d early
2023
7 d early
2022
25 d late
2021
on the day
2020
9 d late
2019
69 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 8 days after 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 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Capital & shares · Statutes amendmentApproval · Capital increase ·…
- Appointments: Oak+ Management SRL (director) and…Permanent representatives: Sigrid Willame and…
Key points
By topic
Board & ownership
- Board
- 3 members
- Largest shareholder
- F3 Finance PE I · 25.55%
- Auditor
- Finvision Bedrijfsrevisoren
Go to Board & ownership
Network & group
- Subsidiaries
- 1
- Connected companies
- 6
1 subsidiary
Timeline
- Events
- 31
- Since
- 2011
- Next accounts
- by 31-07-2027
- 13-07-2026Annual accounts filed
- 05-02-2026Capital & shares · Statutes amendment
- 05-12-2025Appointments: Oak+ Management SRL (director) and Finvision…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Other research and development on natural sciencesNACE 72109
- Founded
- 30-11-2011
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- Zowel in België als in het buitenland zowel voor eigen naam en voor eigen rekening als…
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