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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Wishbone from Flémalle, company number BE0543516635, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year Wishbone recorded a gross margin of € -202,844 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € -1.3 million to € -1.2 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 1.8 million
▲ 98% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▲ 9 % less loss than in 2024
Profit after tax over the fiscal year.
€ 413,167
▲ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.9 million.
People and assets in 2025
€ 524,305
▲ 13% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 8,256
▼ 59% vs 2024
Of which on lease € 2,895.
Debts at end 2025
€ 1.3 million
▲ 56% vs 2024
€ 241,095 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 193,590
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 58,668
▲ 11% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -392,740 | € -226,191 | € -32,983 | € -202,844 | ▼ € 169,861 |
| Profit after taxes | € -1,433,318 | € -1,362,510 | € -1,336,164 | € -1,221,660 | ▲ € 114,504 |
| Equity | € 1,222,960 | € 1,669,201 | € 890,599 | € 1,766,378 | ▲ 98% |
| Total debts | € 1,430,902 | € 1,945,138 | € 1,852,934 | € 1,626,947 | ▼ 12% |
| Cash | € 669,313 | € 1,175,519 | € 221,115 | € 413,167 | ▲ 87% |
| Retained profit | € -3,468,507 | € -1,331,017 | € -2,667,182 | € -3,888,842 | ▼ € 1.2 million |
| Bank debt | € 1,209,330 | € 1,021,291 | € 803,576 | € 1,257,218 | ▲ 56% |
| Balance sheet total | € 2,653,862 | € 3,614,339 | € 2,743,533 | € 3,393,325 | ▲ 24% |
Key figures of Wishbone, 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 Wishbone?
What happened at Wishbone in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- INNODE SA stepped down as director. NBB
- THOMAS LIENARD SRL stepped down as director. NBB
- OUSIA OPERATIONS SRL stepped down as director. NBB
- ER ORAL SURGERY SRL stepped down as director. NBB
- HALDYR SRL stepped down as director. NBB
- Wiliam WEBER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.2 million. Source: NBB ↗
- Wiliam WEBER became a director. NBB
In short
From € 1.4 million loss in 2022 to € 1.2 million loss in 2025.
Management
The stake of EPIMEDE, THE FAKTORY, Wallonie Entreprendre, NOSHAQ VENTURE, INVESTSUD TECH, INVESTSUD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WishboneBehind Wishbone is Emilie Dory. The shares are held by EPIMEDE (22.8%), THE FAKTORY (18.2%), Wallonie Entreprendre (11.5%), NOSHAQ VENTURE (10.3%), INVESTSUD TECH (2.9%) and INVESTSUD (2.4%).
Directors
According to the 2025 annual accounts
Emilie Dory
Personne chargée de la gestion journalière
since 2023
Director · represented by Blondel François
Also active at: BioKuris, KiOmed Pharma, ASKLEPIOS Capital
since 2021 · until 2031
Director · represented by Lienard Thomas
Also active at: Be-Life, Healthy Holding
since 2021 · until 2031
since 2022 · until 2031
Director · represented by Rompen Eric
since 2021 · until 2031
Director · represented by Alexandre Simon
Also active at: BELINVEST, e-peas, AEROBOT, WHITECROW TECH, DATA FELLAS, THE FAKTORY, IoTCo, IVEX +11 more
since 2021 · until 2031
Wiliam WEBER
Director
since 2025 · until 2031
Shareholders
22.8%
18.2%
11.5%
10.3%
2.9%
2.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de l'Expansion 1 box 3
4400 Flémalle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
SQUARESPACE - Squarespace, Inc., US
Domain
Domain
wishbone-biotech.com
Registered
2016-09-07
Registrar
Gandi SAS
Expires
2028-09-07
Website info
Features
Security
Network
Details
- Company number
- 0543.516.635
- VAT number
- BE 0543.516.635
- Registered office
- Rue de l'Expansion 1 bus 3, 4400 Flémalle
- Names & denominations
- Wishbone
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2013
- Peppol
- Active · Active since 17 Jun 2025
- Contact
- wishbone-biotech.com
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied