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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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ImmuneSpec from Niel, company number BE0797707610, closed financial year 2025 with a result of € -201,723 after tax. For that financial year ImmuneSpec recorded a gross margin of € 883,559 and equity of € 2.6 million. Compared with financial year 2024, the result moved from € -77,917 to € -201,723. 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 June 8, 2026.
€ 2.6 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -201,723
▼ 159 % more loss than in 2024
Profit after tax over the fiscal year.
€ 191,854
▲ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -676,707.
People and assets in 2025
5.7
▲ 2.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 375,519
▲ 82% vs 2024
€ 65,900 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.
€ 872,088
▼ 1% vs 2024
Of which on lease € 838,826.
Debts at end 2025
€ 621,148
€ 235,929 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 143,084
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,774
▲ 94% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 51,531 | € 696,858 | € 883,559 | ▲ 27% |
| Profit after taxes | € -397,068 | € -77,917 | € -201,723 | ▼ € 123,806 |
| Equity | € 1,917,922 | € 2,340,065 | € 2,638,403 | ▲ 13% |
| Total debts | € 1,291,051 | € 838,684 | € 896,755 | ▲ 7% |
| Cash | € 238,664 | € 113,328 | € 191,854 | ▲ 69% |
| Retained profit | € -397,068 | € -474,985 | € -676,707 | ▼ € 201,723 |
| Bank debt | € 800,938 | € 619,075 | € 621,148 | |
| Balance sheet total | € 3,208,974 | € 3,178,749 | € 3,535,158 | ▲ 11% |
| Employees (FTE) | 1.7 | 3.4 | 5.7 | ▲ 2.3 |
Key figures of ImmuneSpec, fiscal years 2023 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 ImmuneSpec?
What happened at ImmuneSpec in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 201,723. Source: NBB ↗
- Clean Vision Invest BV became a director. NBB
- Thibault Jonckheere became a director. NBB
- Heran Partners BV became a director. NBB
- New establishment in Niel. KBO
- Start of the company according to the CBE. KBO
- Elise Pepermans became a director. NBB
In short
From € 397,068 loss in 2023 to € 201,723 loss in 2025.
On average € 155,000 of value added per employee in 2025.
Management
The stake of Heran HealthTech Fund I, Clean Vision Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ImmuneSpecBehind ImmuneSpec are Elise Pepermans, Heran Partners BV, Thibault Jonckheere and Clean Vision Invest BV. The shares are held by Heran HealthTech Fund I (38.4%) and Clean Vision Invest (26.2%).
Directors
According to the 2025 annual accounts
Elise Pepermans
Director
since 2023
Director · represented by Geoffrey D'hondt
Also active at: Lynxcare Clinical Informatics, FOx Biosystems, ASPECT ANALYTICS, Heran HealthTech Fund I, nuclivision, AMARON, icometrix, ONTOFORCE
since 2023
Thibault Jonckheere
Director
since 2023
Director · represented by Bart Swaelens
since 2023
Shareholders
38.4%
26.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Galileilaan 18 box 6
2845 Niel
Galileilaan 18
2845 Niel
Active since 27 January 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →NIEUWE MEDIA GROEP
€ 2.2 million revenue · 2025
UNITED CONSULTING
€ 82.2 million revenue · 2025
XPAND
€ 948,746 revenue · 2025
iFLUX
€ 449,843 gross margin · 2025
Vereniging van Mede-eigenaars van het gebouw Residentie Archimedesgebouw Galileilaan 18 te Niel
+6 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
- 0797.707.610
- VAT number
- BE 0797.707.610
- Registered office
- Galileilaan 18 bus 6, 2845 Niel
- Names & denominations
- ImmuneSpec
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 2023
- Peppol
- Active · Active since 2 Jul 2025
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied