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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Busy address KBO
61 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
THEODORUS IV from Anderlecht, company number BE0707902931, closed financial year 2025 with a result of € -3.7 million after tax. For that financial year THEODORUS IV recorded a gross margin of € -573,147 and equity of € 11.1 million. Compared with financial year 2024, the result moved from € -2.4 million to € -3.7 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 September 15, 2026.
€ 11.1 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.7 million
▼ 52 % more loss than in 2024
Profit after tax over the fiscal year.
€ 981,224
▲ 203% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11.9 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,001
▼ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -858,348 | € -938,471 | € -717,536 | € -573,147 | ▲ € 144,389 |
| Profit after taxes | € -1,017,180 | € -2,279,292 | € -2,408,224 | € -3,654,762 | ▼ € 1.2 million |
| Equity | € 11,283,062 | € 9,003,770 | € 12,026,945 | € 11,072,183 | ▼ 8% |
| Total debts | € 34,603 | € 218,990 | € 61,539 | € 102,200 | ▲ 66% |
| Cash | € 2,890,603 | € 1,413,958 | € 323,713 | € 981,224 | ▲ 203% |
| Retained profit | € -3,510,688 | € -5,789,980 | € -8,198,204 | € -11,852,966 | ▼ € 3.7 million |
| Balance sheet total | € 11,317,665 | € 9,222,760 | € 12,088,484 | € 11,174,383 | ▼ 8% |
Key figures of THEODORUS IV, 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 THEODORUS IV?
What happened at THEODORUS IV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Finadvize SRL stepped down as director. NBB
- Finance & Invest.brussels stepped down as director. NBB
- Université Livre de Bruxelles stepped down as director. NBB
- Alexandre Franco stepped down as director. NBB
- Square L SA stepped down as director. NBB
- Société Fédérale de Participations et d'Investissement SA stepped down as director. NBB
- BNP Paribas Fortis Private Equity Management SA stepped down as director. NBB
- Sambrinvest Spin-Off/Spin-Out SA stepped down as director. NBB
In short
From € 1 million loss in 2022 to € 3.7 million loss in 2025.
Management
The stake of SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT, V.D.B. FACULTY, SAMBRINVEST SPIN-OFF/SPIN-OUT, finance&invest.brussels comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THEODORUS IVThe shares are held by SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (30.4%), V.D.B. FACULTY (25%), SAMBRINVEST SPIN-OFF/SPIN-OUT (15.5%) and finance&invest.brussels (6.1%). It owns 34.3% of INHATARGET THERAPEUTICS, 29.7% of KAPCARE (En faillite), 22.4% of NEOMABS BIOTECHNOLOGIES INC and 16.8% of NEUVASQ BIOTECHNOLOGIES itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2030
Director · represented by Barbara Roose
Also active at: BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING, BRUSERVICES, S.F.A.R., MAISON DE LA RADIO FLAGEY, BE ANGELS, THEODORUS III, INNOVATION FUND, SEEDER FUND +14 more
since 2025 · until 2030
Chairman of the board · represented by Daniele Carati
Also active at: HUmani, La Fonderie, TECHNOFUTUR TIC, Brussels South Charleroi BioPark Dev, UNIVERSITE OUVERTE DE LA FEDERATION WALLONIE-BRUXELLES, EUROMETROPOLITAN E-CAMPUS, BIOWIN, WAGRALIM
since 2025 · until 2030
Alexandre Franco
Director
since 2025 · until 2030
Director · represented by Claude Jottrand
since 2025 · until 2030
Société Fédérale de Participations et d'Investissement SA
Director · represented by Matthieu De Posch
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +58 more
since 2025 · until 2030
BNP Paribas Fortis Private Equity Management SA
Director · represented by Patricia Terryn
Also active at: Finex, HET ANKER, A.M.B., Haco, PCSI, QUALITY ASSISTANCE, Stûv, GEMMA FRISIUS-FONDS KU LEUVEN +15 more
since 2025 · until 2030
Sambrinvest Spin-Off/Spin-Out SA
Director · represented by Helena Pozios
Also active at: BE ANGELS, Brussels South Charleroi BioPark Dev, 50°NORTH VENTURES, THEODORUS III, EMAsphere, AQUILON PHARMACEUTICALS, APIQUIET, BigCaptain +25 more
since 2025 · until 2030
Director · represented by Pierre-Hugues Bonnefoy
Also active at: Centre d'accompagnement de projets innovants, Brussels South Charleroi BioPark Dev, 50°NORTH VENTURES, THEODORUS III, Pré Seed Fund, E-HEALTH VENTURE, Advanced Engineering Accelerator, Boost Engineering Pre-Seed Fund
since 2025 · until 2030
Managing director · represented by Olivier Belenger
since 2025 · until 2030
Shareholders
Participations
34.3%
29.7%
16.8%
Establishments
Establishment units
Physical locations of this company
Researchdreef 12
1070 Anderlecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 61 companies are registered at this address.
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€ 669,567 gross margin · 2025
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€ 30.1 million revenue · 2025
+56 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0707.902.931
- VAT number
- BE 0707.902.931
- Registered office
- Researchdreef 12, 1070 Anderlecht
- Names & denominations
- THEODORUS IV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 2018
- Peppol
- Not registered