ACTIVE

BIOMEDICAL SYSTEMS

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Financial year 2025 · closed on 31/12/2025

Net result

594,1 k €

+58.6% YoY

Gross margin

3,7 M €

-6.6% YoY

Equity

9,1 M €

+7.0% YoY

Workforce

22,3 ETP

-19.8% YoY

What does BIOMEDICAL SYSTEMS do?

BIOMEDICAL SYSTEMS is a Private limited company incorporated in 1981. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Leuven. It employs on average 22,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.984.741

Incorporation

02/10/1981

Legal form

Private limited company

Registered office

Diestsepoort 1
3000 Leuven · FlandreSee on map

Contributed capital

67 000,00 €

Latest accounts

31/12/2025

Average workforce

22,3 ETP

Activities (NACE)

72101Research and experimental development on natural sciences and engineering· main 72110Research and experimental development on biotechnology 85141Pre-primary education 86901Other human health activities 86910Other human health activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,7 M €	-6.6%	3,9 M €	-20.8%	5 M €	+5.8%	4,7 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	855,7 k €	+48.5%	576,4 k €	-44.4%	1 M €	+17.6%	882 k €	+553%	-194,5 k €	-162%	315,9 k €	-83.2%	1,9 M €	+687%	238,6 k €	-91.2%	2,7 M €	+1384%	182,1 k €	+204%	-175,5 k €	+84.6%	-1,1 M €	-317%	523,6 k €	-54.9%	1,2 M €	+13.2%	1 M €	+118%	470,6 k €	-56.7%	1,1 M €	+2516%	41,6 k €	-98.0%	2,1 M €	+46.1%	1,4 M €
Operating result	849,5 k €	+52.4%	557,5 k €	-42.8%	975 k €	+18.4%	823,5 k €	+374%	-300,3 k €	-335%	127,7 k €	-92.6%	1,7 M €	+1621%	100,4 k €	-96.1%	2,6 M €	+5365%	46,9 k €	+113%	-374,6 k €	+73.5%	-1,4 M €	-533%	327 k €	-52.8%	693,3 k €	+13.5%	611 k €	+348%	-246,7 k €	-809%	34,8 k €	+105%	-738 k €	-147%	1,6 M €	+49.3%	1 M €
Net result	594,1 k €	+58.6%	374,6 k €	-52.1%	782,6 k €	+46.7%	533,3 k €	+284%	-290 k €	-3101%	9,7 k €	-99.0%	980,9 k €	+165%	370,9 k €	-82.4%	2,1 M €	+12072%	17,4 k €	+109%	-196,4 k €	+83.3%	-1,2 M €	-21490%	5,5 k €	-98.3%	323 k €	-49.0%	633,3 k €	+502%	-157,6 k €	-406%	-31,1 k €	+95.9%	-752,3 k €	-172%	1 M €	+48.2%	701 k €
Balance sheet
Equity	9,1 M €	+7.0%	8,5 M €	+4.6%	8,1 M €	+10.7%	7,3 M €	+7.9%	6,8 M €	-4.1%	7,1 M €	+0.1%	7,1 M €	+16.2%	6,1 M €	+6.5%	5,7 M €	+58.9%	3,6 M €	+0.5%	3,6 M €	-5.2%	3,8 M €	-23.9%	4,9 M €	+0.1%	4,9 M €	+7.0%	4,6 M €	+15.9%	4 M €	-3.8%	4,1 M €	-0.7%	4,2 M €	-15.3%	4,9 M €	+26.8%	3,9 M €
Total assets	11,2 M €	+5.9%	10,6 M €	+5.7%	10 M €	+4.4%	9,6 M €	+20.5%	8 M €	-8.7%	8,7 M €	-12.3%	10 M €	-9.5%	11 M €	-2.4%	11,3 M €	-5.6%	11,9 M €	+64.1%	7,3 M €	+9.9%	6,6 M €	-12.7%	7,6 M €	-9.5%	8,4 M €	+0.1%	8,4 M €	+35.8%	6,2 M €	-0.2%	6,2 M €	-8.6%	6,8 M €	-0.4%	6,8 M €	+19.5%	5,7 M €
Cash	467,8 k €	-49.0%	918,1 k €	+27.4%	720,8 k €	+24.1%	580,8 k €	+338%	132,7 k €	-48.3%	256,5 k €	-89.6%	2,5 M €	-46.8%	4,6 M €	+159%	1,8 M €	+4.0%	1,7 M €	+6.8%	1,6 M €	+66.0%	969,9 k €	-29.8%	1,4 M €	+113%	648,3 k €	+209%	210,1 k €	-81.2%	1,1 M €	+117%	514,8 k €	-34.3%	783,4 k €	+24.0%	631,8 k €	-60.9%	1,6 M €
Debts	2,2 M €	+1.6%	2,1 M €	+10.1%	1,9 M €	-15.4%	2,3 M €	+115%	1,1 M €	+6.9%	1 M €	-62.3%	2,7 M €	-35.6%	4,1 M €	-23.5%	5,4 M €	-30.1%	7,7 M €	+139%	3,2 M €	+16.5%	2,8 M €	+11.6%	2,5 M €	-27.1%	3,4 M €	-8.1%	3,7 M €	+74.1%	2,1 M €	+8.7%	2 M €	-20.6%	2,5 M €	+45.8%	1,7 M €	+10.5%	1,5 M €
Other
Workforce	22,3 ETP	-19.8%	27,8 ETP	-20.1%	34,8 ETP	-6.5%	37,2 ETP	-2.6%	38,2 ETP	-13.8%	44,3 ETP	-22.8%	57,4 ETP	-25.4%	76,9 ETP	-16.5%	92,1 ETP	+14.1%	80,7 ETP	+9.9%	73,4 ETP	-7.7%	79,5 ETP	-3.9%	82,7 ETP	+2.2%	80,9 ETP	+6.7%	75,8 ETP	-4.8%	79,6 ETP	-6.4%	85,0 ETP	+4.6%	81,3 ETP	+17.1%	69,4 ETP	+23.3%	56,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

Timothy COBB

Director · since 18 novembre 2024

Active

Jason KNOBLAUCH

Director · since 07 août 2023

Active

Christopher FIKRY

Director · since 01 juillet 2022

Active

Ended mandates

Michael BONELLO

Director · since 01 juillet 2022 · until 07 août 2023

Ended

Michael BONELLO

Director · since 01 juillet 2022

Ended

Joseph F. EAZOR

Director · since 02 octobre 2020

Ended

Tom VADAKETH

Director · since 01 février 2020

Ended

At this address

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HYP3● Active	0899.235.629
LVL7● Active	0675.346.266
VITAMINS@WORK● Active	0783.584.113

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2026	01/07/2025	29/08/2024	14/06/2023	01/09/2022	25/08/2021
General meeting	05/06/2026	04/06/2025	05/06/2024	14/06/2023	01/07/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	07/07/2026	Dutch	PDF
Abridged model	31/12/2024	04/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	05/06/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	14/06/2023	14/06/2023	French	PDF
Full model	31/12/2021	01/07/2022	01/09/2022	French	PDF
Full model	31/12/2020	30/06/2021	25/08/2021	French	PDF
Full model	31/12/2019	15/07/2020	04/08/2020	French	PDF
Full model	31/12/2018	28/06/2019	21/08/2019	French	PDF
Full model	31/12/2017	29/06/2018	23/08/2018	French	PDF
Full model	31/12/2016	30/06/2017	18/07/2017	French	PDF
Full model	31/12/2015	30/06/2016	30/06/2016	French	PDF
Full model	31/12/2014	22/06/2015	29/06/2015	French	PDF
Full model	31/12/2013	04/06/2014	18/11/2014	French	PDF
Full model	31/12/2012	28/06/2013	23/07/2013	French	PDF
Full model	31/12/2011	06/06/2012	12/06/2012	French	PDF
Full model	31/12/2010	30/06/2011	02/08/2011	French	PDF
Full model	31/12/2009	30/06/2010	20/07/2010	French	PDF
Full model	31/12/2008	30/06/2009	31/07/2009	French	PDF
Full model	31/12/2007	03/03/2008	13/06/2008	French	PDF
Full model	31/12/2006	06/06/2007	24/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

Timothy COBB

Director · since 18 novembre 2024

Active

Jason KNOBLAUCH

Director · since 07 août 2023

Active

Christopher FIKRY

Director · since 01 juillet 2022

Active

Ended mandates

Michael BONELLO

Director · since 01 juillet 2022 · until 07 août 2023

Ended

Michael BONELLO

Director · since 01 juillet 2022

Ended

Joseph F. EAZOR

Director · since 02 octobre 2020

Ended

Tom VADAKETH

Director · since 01 février 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/10/2024
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates12/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2021
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025594,1 k €↑
2024
Annual accounts 2024374,6 k €↓
2023
Annual accounts 2023782,6 k €↑
2022
Annual accounts 2022533,3 k €↑
2021
Annual accounts 2021-290 k €↓
2020
Annual accounts 20209,7 k €↓
2019
Annual accounts 2019980,9 k €↑
2018
Annual accounts 2018370,9 k €↓
2017
Annual accounts 20172,1 M €↑
2016
Annual accounts 201617,4 k €↑
2015
Annual accounts 2015-196,4 k €↑
2014
Annual accounts 2014-1,2 M €↓
2013
Annual accounts 20135,5 k €↓
2012
Annual accounts 2012323 k €↓
2011
Annual accounts 2011633,3 k €↑
2010
Annual accounts 2010-157,6 k €↓
2009
Annual accounts 2009-31,1 k €↑
2008
Annual accounts 2008-752,3 k €↓
2007
Annual accounts 20071 M €↑
2006
Annual accounts 2006701 k €
02/10/1981
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BIOMEDICAL SYSTEMS

Overview

What does BIOMEDICAL SYSTEMS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline