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 37 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 62.2 to 50.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
BIO - RACER from Tessenderlo-Ham, company number BE0437878883, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year BIO - RACER recorded revenue of € 29.7 million and equity of € 4 million. Compared with financial year 2024, the result moved from € 506,906 to € 1.7 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 4 million
▲ 71% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▲ 230% vs 2024
Profit after tax over the fiscal year.
€ 482,430
▼ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -780,189.
People and assets in 2025
50
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.5 million
▲ 2% vs 2024
€ 91,000 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.
€ 123,563
▼ 37% vs 2024
Of which on lease € 75,805.
Debts at end 2025
€ 5.8 million
▼ 3% vs 2024
€ 1.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 5 million
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 80 days on average.
€ 1.4 million
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 32,200,222 | € 28,021,795 | € 27,329,892 | € 29,677,286 | ▲ 9% |
| Profit after taxes | € -3,772,047 | € -1,434,550 | € 506,906 | € 1,671,436 | ▲ 230% |
| Equity | € -808,991 | € 1,829,209 | € 2,336,115 | € 3,986,213 | ▲ 71% |
| Total debts | € 20,472,071 | € 15,398,912 | € 14,237,346 | € 16,253,528 | ▲ 14% |
| Cash | € 1,316,248 | € 286,983 | € 550,673 | € 482,430 | ▼ 12% |
| Retained profit | € -1,502,643 | € -2,937,193 | € -2,430,287 | € -780,189 | ▲ € 1.7 million |
| Bank debt | € 10,431,873 | € 6,088,624 | € 5,972,898 | € 5,796,410 | ▼ 3% |
| Balance sheet total | € 19,663,080 | € 17,228,121 | € 16,573,461 | € 20,239,741 | ▲ 22% |
| Employees (FTE) | 78.1 | 62.2 | 52.2 | 50 | ▼ 2.2 |
Key figures of BIO - RACER, 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 - RACER?
What happened at BIO - RACER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PETER CROONEN BV stepped down as director. NBB
- THINK FIRST BV stepped down as director. NBB
- MCH BV stepped down as director. NBB
- LUGH MANAGEMENT BV stepped down as director. NBB
- BIO-RACING HOLDING NV stepped down as director. NBB
- RAYMOND VANSTRAELEN BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.7 million (▲ 230% vs 2024). Source: NBB ↗
- THINK FIRST BV became a director. NBB
In short
From € 3.8 million loss in 2022 to € 1.7 million profit in 2025.
Paid € 7,424 in corporate taxes since 2022.
Best year ever: 2025, with € 1.7 million profit.
Pays suppliers within 80 days on average.
Management
The shares are held by Bio-Racing Holding NV (100%). It owns 100% of Bioracer UK Ltd, 100% of Bioracer España, 100% of Bio-Racer GmbH, 100% of Bioracer CZ SRO, 100% of Bio-Racer Norway AS and 100% of Bio-Racer France SAS itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Peter Croonen
Also active at: ANTENOR PAYMENT SYSTEMS, Cosign, TRACS IMMO, Z.I.M., Tracs Systems, D-STUDIO SERVICES, Café Coureur, Lucoled +10 more
since 2026 · until 2032
Managing director · represented by Stefan Venken
since 2026 · until 2032
Director · represented by Michel Croonen
Also active at: BIO-RACING HOLDING, V.T.S. INVESTMENT, Cosign, Z.I.M., DigiNet, RAAMPROF, ASGARD VASTGOED, CULLERA +21 more
since 2026 · until 2032
Mathieu Hermans
Director
since 2020 · until 2026
Director · represented by Danny Segers
Also active at: BIO-RACING HOLDING, Reskin Medical
since 2026 · until 2032
since 2026 · until 2032
Managing director · represented by Raymond Vanstraelen
Also active at: BIO-RACING HOLDING, Reskin Medical
since 2026 · until 2032
Shareholders
Participations
Bioracer UK Ltd
100%
Bioracer España
100%
100%
Bioracer CZ SRO
100%
Bio-Racer Norway AS
100%
Bio-Racer France SAS
100%
Bioracer Colombia
90%
Racetex
90%
66.7%
Bioracer Macedonia LLC
50%
Rush OY
40%
Bio-Racer Sverige AB
25%
Establishments
Establishment units
Physical locations of this company
Industrieweg (H) 114
3980 Tessenderlo-Ham
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
- 0437.878.883
- VAT number
- BE 0437.878.883
- Registered office
- Industrieweg (H) 114, 3980 Tessenderlo-Ham
- Names & denominations
- BIO - RACER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 1989
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Vervaardiging van overige kleding en toebehoren, neg
Vervaardiging van sportkleding
Vervaardiging van andere kleding en toebehoren, n.e.g.
Groothandel in sport- en kampeerartikelen, met uitzondering van fietsen
Groothandel in sport- en kampeerartikelen, rijwielen en onderdelen en toebehoren daarvan, spellen en speelgoed