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.
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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ILiAD Biotechnologies from Gent, company number BE0741579648, closed financial year 2025 with a result of € -76,960 after tax. For that financial year ILiAD Biotechnologies recorded a gross margin of € 1.4 million and equity of € 25,626. Compared with financial year 2024, the result moved from € -189,421 to € -76,960. The company made a loss. The buffer shrank hard: equity is 75 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 25,626
▼ 75% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -76,960
▲ 59 % less loss than in 2024
Profit after tax over the fiscal year.
€ 56,305
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -567,119.
People and assets in 2025
14.4
▲ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 27% vs 2024
€ 90,000 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.
€ 26,666
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 459,832
▼ 24% vs 2024
€ 146,736 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 437,847
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 141,542
▲ 22% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 581,990 | € 872,138 | € 1,038,461 | € 1,426,230 | ▲ 37% |
| Profit after taxes | € -8,226 | € -10,618 | € -189,421 | € -76,960 | ▲ € 112,461 |
| Equity | € 302,624 | € 292,007 | € 102,586 | € 25,626 | ▼ 75% |
| Total debts | € 874,607 | € 1,434,201 | € 1,502,960 | € 1,039,222 | ▼ 31% |
| Cash | € 441,124 | € 607,633 | € 150,079 | € 56,305 | ▼ 62% |
| Retained profit | € -290,121 | € -300,739 | € -490,160 | € -567,119 | ▼ € 76,960 |
| Bank debt | € 449,872 | € 729,143 | € 607,281 | € 459,832 | ▼ 24% |
| Balance sheet total | € 1,177,232 | € 1,726,208 | € 1,605,546 | € 1,064,848 | ▼ 34% |
| Employees (FTE) | 6.9 | 10.4 | 12.4 | 14.4 | ▲ 2 |
Key figures of ILiAD Biotechnologies, 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 ILiAD Biotechnologies?
What happened at ILiAD Biotechnologies in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 76,960. filed late Source: NBB ↗
- David Hinkel stepped down as director. NBB
- David Hinkel became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,226 loss in 2022 to € 76,960 loss in 2025.
On average € 99,000 of value added per employee in 2025.
Management
Behind ILiAD Biotechnologies are Thalen Biotech Consultancy BV and Rubin Keith.
Directors
According to the 2025 annual accounts
Director · represented by Marcel Thalen
Rubin Keith
Director
David Hinkel
Director
since 2025 · until 2025
Establishments
Establishment units
Physical locations of this company
Technologiepark-Zwijnaarde 94
9052 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Zomagen Biosciences Belgium
€ 1.2 million gross margin · 2025
AnimAb
€ 28,596 gross margin · 2025
ExeVir Bio
€ -1.2 million gross margin · 2025
Protealis
€ 1.1 million gross margin · 2025
YAKULT HONSHA EUROPEAN RESEARCH CENTER FOR MICROBIOLOGY
+1 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
- 0741.579.648
- VAT number
- BE 0741.579.648
- Registered office
- Technologiepark-Zwijnaarde 94, 9052 Gent
- Names & denominations
- ILiAD Biotechnologies
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 January 2020
- Peppol
- Active · Active since 21 Jan 2026
- Contact
- [email protected]
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied
Vervaardiging van farmaceutische grondstoffen