Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
BIO-SOURCING from Liège, company number BE0554840790, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year BIO-SOURCING recorded a gross margin of € 1.6 million and equity of € 894,791. Compared with financial year 2024, the result moved from € -48,583 to € -1.2 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 894,791
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ 2310 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2 million
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
17.3
▲ 3.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▲ 44% vs 2024
€ 121,000 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.
€ 49,503
▲ € 40,339 vs 2024
Of which on lease € 40,557.
Debts at end 2025
€ 2.1 million
▲ 3% vs 2024
€ 33,448 is repaid this year. At this pace the long-term loan is gone in ≈ 63 years.
€ 276,364
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 352,374
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,038,794 | € 1,852,341 | € 2,407,804 | € 1,584,971 | ▼ 34% |
| Profit after taxes | € -138,775 | € -219,261 | € -48,583 | € -1,170,766 | ▼ € 1.1 million |
| Equity | € 620,400 | € 401,139 | € 813,543 | € 894,791 | ▲ 10% |
| Total debts | € 3,338,614 | € 3,938,536 | € 5,018,473 | € 5,690,800 | ▲ 13% |
| Cash | € 2,025,253 | € 3,327,356 | € 4,199,953 | € 2,004,388 | ▼ 52% |
| Retained profit | € -137,775 | € 1,000 | € 1,000 | € -1,169,766 | ▼ € 1.2 million |
| Bank debt | € 6,418 | € 6,418 | € 2,039,841 | € 2,092,539 | ▲ 3% |
| Balance sheet total | € 3,959,013 | € 4,339,674 | € 5,832,015 | € 6,585,591 | ▲ 13% |
| Employees (FTE) | 9.7 | 11.4 | 13.5 | 17.3 | ▲ 3.8 |
Key figures of BIO-SOURCING, 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-SOURCING?
What happened at BIO-SOURCING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NOSHAQ PARTNERS stepped down as director. NBB
- Michel GOLDMAN stepped down as director. NBB
- Quentin JANSSENS DE VAREBEKE stepped down as director. NBB
- Eric MAREE stepped down as director. NBB
- BMANAGEMENT stepped down as director. NBB
- Michel HELBIG DE BALZAC stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.2 million. Source: NBB ↗
- AXA REAL ESTATE INVESTMENT MANAGERS SA stepped down as director. NBB
In short
From € 138,775 loss in 2022 to € 1.2 million loss in 2025.
Paid € 397 in corporate taxes since 2022.
On average € 91,600 of value added per employee in 2025.
A new publication or filing at BIO-SOURCING? 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 NAUSICAA VENTURES, NOSHAQ, INVESTSUD TECH, AQ PARTNERS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BIO-SOURCINGThe shares are held by NAUSICAA VENTURES (14.8%), NOSHAQ (13.2%), INVESTSUD TECH (5.1%) and AQ PARTNERS (0.4%).
Directors
According to the 2025 annual accounts
Director · represented by Amel TOUNSI
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2025 · until 2030
Philippe JANSSENS DE VAREBEKE
Director
since 2025 · until 2025
Michel GOLDMAN
Director
since 2025 · until 2030
Quentin JANSSENS DE VAREBEKE
Director
since 2025 · until 2030
Eric MAREE
Director
since 2025 · until 2030
AXA REAL ESTATE INVESTMENT MANAGERS SA
Director · represented by KAZANDJIAN Rafi
since 2025 · until 2026
Managing director · represented by Bertrand MEROT
since 2025 · until 2030
Director · represented by KAZANDJIAN Raffy
since 2021 · until 2025
Michel HELBIG DE BALZAC
Director
since 2025 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Boulevard du Rectorat 27 B box Bat. B22
4000 Liège
Boulevard du Rectorat 27B
4000 Liège
Active since 27 June 2014
Marloie, Rue du Point du Jour 10
6900 Marche-en-Famenne
Active since 1 September 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0554.840.790
- VAT number
- BE 0554.840.790
- Registered office
- Boulevard du Rectorat 27 B bus Bat. B22, 4000 Liège
- Names & denominations
- BIO-SOURCING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 2014
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied