Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 6.1 to 3.2.
Financials
Financial year 2025
BIO-RACING HOLDING from Tessenderlo-Ham, company number BE0428288454, closed financial year 2025 with a result of € 31,348 after tax. For that financial year BIO-RACING HOLDING recorded revenue of € 930,054 and equity of € 4.9 million. Compared with financial year 2024, the result moved from € -139,687 to € 31,348. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 4.9 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,348
▲ still € 139,687 loss in 2024
Profit after tax over the fiscal year.
€ 15,286
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 135,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
3.2
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 331,166
▲ 6% vs 2024
€ 103,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 3.8 million
▼ 14% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 60,163
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 78 days on average.
€ 81,910
▲ 70% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,037,624 | € 883,752 | € 710,207 | € 930,054 | ▲ 31% |
| Profit after taxes | € 235,486 | € 1,796,060 | € -139,687 | € 31,348 | ▲ € 171,035 |
| Equity | € 3,376,417 | € 5,172,477 | € 5,032,790 | € 4,927,543 | ▼ 2% |
| Total debts | € 3,232,470 | € 4,989,830 | € 4,559,216 | € 4,104,718 | ▼ 10% |
| Cash | € 18,757 | € 45,211 | € 30,642 | € 15,286 | ▼ 50% |
| Land & buildings | € 2,969,510 | € 2,855,072 | € 2,740,636 | € 2,626,199 | ▼ 4% |
| Retained profit | € 324,582 | € 2,120,642 | € 1,980,955 | € 1,875,708 | ▼ 5% |
| Dividend | € 0 | € 0 | € 0 | € 135,000 | |
| Bank debt | € 2,877,085 | € 4,800,545 | € 4,418,868 | € 3,796,050 | ▼ 14% |
| Balance sheet total | € 6,608,887 | € 10,162,307 | € 9,592,006 | € 9,032,261 | ▼ 6% |
| Employees (FTE) | 6.9 | 6.1 | 3.5 | 3.2 | ▼ 0.3 |
Key figures of BIO-RACING HOLDING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BIO-RACING HOLDING?
What happened at BIO-RACING HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MCH BV stepped down as director. NBB
- EMJU BV stepped down as director. NBB
- Asgard Invest NV stepped down as director. NBB
- Lugh Management BV stepped down as director. NBB
- Raymond Vanstraelen BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 31,348. Source: NBB ↗
- MCH BV became a director. NBB
- EMJU BV became a director. NBB
In short
From € 235,486 profit in 2022 to € 31,348 profit in 2025.
Paid € 248,790 in corporate taxes since 2022.
Best year ever: 2023, with € 1.8 million profit.
Paid out € 135,000 in dividends to the owners in total.
A new publication or filing at BIO-RACING HOLDING? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ASGARD INVEST, LUGH MANAGEMENT, BIO - RACER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BIO-RACING HOLDINGThe shares are held by ASGARD INVEST (74%), LUGH MANAGEMENT (13.4%) and BIO - RACER (0.6%). It owns 100% of Bio-Racer NV and 48.9% of Reskin Medical NV itself.
Directors
According to the 2025 annual accounts
Director · represented by Michel Croonen
Also active at: BIO - RACER, V.T.S. INVESTMENT, Cosign, Z.I.M., DigiNet, RAAMPROF, ASGARD VASTGOED, CULLERA +21 more
since 2026 · until 2032
since 2026 · until 2032
Director · represented by Peter Croonen
Also active at: V.T.S. INVESTMENT, Reskin Medical
since 2026 · until 2032
Director · represented by Danny Segers
Also active at: BIO - RACER, Reskin Medical
since 2026 · until 2032
Director · represented by Raymond Vanstraelen
Also active at: BIO - RACER, Reskin Medical
since 2026 · until 2032
Shareholders
Participations
100%
48.9%
Establishments
Establishment units
Physical locations of this company
Industrieweg (H) 114
3980 Tessenderlo-Ham
Ravenshout 5.2. box 50
3980 Tessenderlo
Active since 1 January 1986
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.288.454
- VAT number
- BE 0428.288.454
- Registered office
- Industrieweg (H) 114, 3980 Tessenderlo-Ham
- Names & denominations
- BIO-RACING HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 1985
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
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