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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Shrinking team NBB
FTE fell two years in a row, from 11.6 to 8.
Financials
Financial year 2025
DENDROGENIX from Liège, company number BE0700613677, closed financial year 2025 with a result of € -2.3 million after tax. For that financial year DENDROGENIX recorded a gross margin of € -626,490 and equity of € 3.3 million. Compared with financial year 2024, the result moved from € -2.2 million to € -2.3 million. The company made a loss. 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.
€ 3.3 million
▼ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.3 million
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3.3 million
▲ 127% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2025
8
▼ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 935,766
▼ 11% vs 2024
€ 117,000 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.
€ 2,330
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 361,404
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 97,414
▼ 47% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -916,676 | € -1,502,012 | € -687,488 | € -626,490 | ▲ € 60,997 |
| Profit after taxes | € -3,524,068 | € -2,835,612 | € -2,223,089 | € -2,293,770 | ▼ € 70,680 |
| Equity | € 3,506,596 | € 7,670,984 | € 5,590,720 | € 3,291,041 | ▼ 41% |
| Total debts | € 1,031,731 | € 2,679,150 | € 2,085,786 | € 1,986,496 | ▼ 5% |
| Cash | € 2,831,160 | € 7,313,556 | € 1,448,192 | € 3,288,997 | ▲ 127% |
| Retained profit | € -7,364,733 | € -2,835,612 | € 55,706 | € -2,238,064 | ▼ € 2.3 million |
| Balance sheet total | € 4,538,327 | € 10,350,134 | € 7,676,506 | € 5,277,538 | ▼ 31% |
| Employees (FTE) | 8.2 | 11.6 | 10.9 | 8 | ▼ 2.9 |
Key figures of DENDROGENIX, 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 DENDROGENIX?
What happened at DENDROGENIX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NOSHAQ SPIN-OFFS SA stepped down as director. NBB
- Stéphane SILVENTE stepped down as director. NBB
- Philippe LEFEBVRE stepped down as director. NBB
- Emile LORIA stepped down as director. NBB
- Jean COMBALBERT stepped down as director. NBB
- Ingeborg HOCHMAIR stepped down as director. NBB
- Jean-Michel FOIDART stepped down as director. NBB
- SPARAXIS stepped down as director. NBB
In short
From € 3.5 million loss in 2022 to € 2.3 million loss in 2025.
Management
The stake of NOSHAQ SPIN-OFFS, Wallonie Entreprendre comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DENDROGENIXThe shares are held by NOSHAQ SPIN-OFFS (15.1%) and Wallonie Entreprendre (10.1%).
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Philippe LEFEBVRE
Director
Also active at: Fonds Léon Frédéricq pour la Promotion des Recherches médicales, fondamentales et cliniques, auprès du Centre HospitalierUniversitaire de Liège, Bridge2Health, ORL.Dr.P .LEFEBVRE
since 2024 · until 2030
Director · represented by FRANÇOISE JOSÉE THIELEN CAROLINE
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2022 · until 2028
Director · represented by PATRICK ALAIN FRANCIS GHISLAIN STRAGIER
Also active at: SCIENCE PARK SERVICES, ARAPONICS
since 2026 · until 2032
Stéphane SILVENTE
Director
since 2026 · until 2032
Jean COMBALBERT
Director
since 2023 · until 2029
Ingeborg HOCHMAIR
Director
since 2023 · until 2029
Emile LORIA
Director
since 2024 · until 2030
Shareholders
15.1%
10.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue de l'Hôpital 11
4000 Liège
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
- 0700.613.677
- VAT number
- BE 0700.613.677
- Registered office
- Avenue de l'Hôpital 11, 4000 Liège
- Names & denominations
- DENDROGENIX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2018
- Peppol
- Active · Active since 31 Oct 2025
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied