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.
-
Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NYXOAH from Mont-Saint-Guibert, company number BE0817149675, closed financial year 2025 with a result of € -90.9 million after tax. For that financial year NYXOAH recorded revenue of € 8.3 million and equity of € 51.9 million. Compared with financial year 2024, the result moved from € -61.2 million to € -90.9 million. The company made a loss. The buffer shrank hard: equity is 57 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 51.9 million
▼ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -90.9 million
▼ 49 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4.7 million
▲ 178% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -309.1 million.
People and assets in 2025
43.1
▼ 3.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7 million
▼ 17% vs 2024
€ 162,600 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.
€ 104,311
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 34.2 million
▲ 186% vs 2024
€ 7.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 10.5 million
▲ 74% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 2.2 million
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,095,389 | € 4,378,149 | € 4,531,913 | € 8,289,792 | ▲ 83% |
| Profit after taxes | € -29,625,819 | € -44,770,819 | € -61,212,713 | € -90,909,884 | ▼ € 29.7 million |
| Equity | € 134,695,009 | € 108,601,388 | € 120,840,502 | € 51,949,889 | ▼ 57% |
| Total debts | € 7,448,403 | € 9,607,792 | € 27,226,188 | € 57,158,533 | ▲ 110% |
| Cash | € 12,250,184 | € 7,738,387 | € 1,696,193 | € 4,713,740 | ▲ 178% |
| Retained profit | € -112,185,345 | € -156,956,164 | € -218,168,877 | € -309,078,761 | ▼ € 90.9 million |
| Bank debt | € 1,266,819 | € 944,305 | € 11,959,627 | € 34,179,457 | ▲ 186% |
| Balance sheet total | € 142,202,429 | € 118,394,432 | € 152,270,957 | € 112,003,935 | ▼ 26% |
| Employees (FTE) | 34 | 37.7 | 47 | 43.1 | ▼ 3.9 |
Key figures of NYXOAH, 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 NYXOAH?
What happened at NYXOAH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 90.9 million. Source: NBB ↗
- ROBELGA SRL stepped down as director. NBB
- Olivier Taelman stepped down as director. NBB
- Kevin Rakin stepped down as director. NBB
- Rita Johnson-Mills stepped down as director. NBB
- Virginia M. Kirby stepped down as director. NBB
- Wildman Ventures LLC S. Etr. stepped down as director. NBB
- Jürgen Hambrecht stepped down as director. NBB
In short
From € 29.6 million loss in 2022 to € 90.9 million loss in 2025.
Paid € 15,621 in corporate taxes since 2022.
Pays suppliers within 45 days on average.
A new publication or filing at NYXOAH? We notify you, reason included.
Follow NYXOAHDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of NOSHAQ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NYXOAHThe shares are held by NOSHAQ (14.8%). It owns 100% of NYXOAH INC, 100% of NYXOAH LTD, 100% of NYXOAH PTY LTD and 100% of NYXOAH GMBH itself.
Directors
According to the 2025 annual accounts
Chairman of the board · represented by Robert TAUB
since 2024 · until 2026
Olivier Taelman
Managing director
since 2020 · until 2026
Kevin Rakin
Director
since 2020 · until 2026
Rita Johnson-Mills
Director
since 2021 · until 2026
Virginia M. Kirby
Director
since 2022 · until 2026
Wildman Ventures LLC S. Etr.
Director · represented by Daniel Wildman
since 2023 · until 2026
Jürgen Hambrecht
Director
since 2020 · until 2026
since 2020 · until 2026
Shareholders
14.8%
Participations
NYXOAH INC
100%
NYXOAH LTD
100%
NYXOAH PTY LTD
100%
NYXOAH GMBH
100%
Establishments
Establishment units
Physical locations of this company
Rue Edouard Belin 12
1435 Mont-Saint-Guibert
Rue Haute Claire 1
4041 Herstal
Active since 22 January 2020
Boulevard de Patience et Beaujonc 3 box 34
4000 Liège
Active since 8 December 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
OVH DNS
Domain
Domain
nyxoah.com
Registered
2009-06-22
Registrar
OVH sas
Expires
2026-06-22
Website info
Features
Security
Details
- Company number
- 0817.149.675
- VAT number
- BE 0817.149.675
- Registered office
- Rue Edouard Belin 12, 1435 Mont-Saint-Guibert
- Names & denominations
- NYXOAH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 2009
- Peppol
- Active · Active since 17 Dec 2025
- Contact
- nyxoah.com
- Activities · NACE
Vervaardiging van medische en tandheelkundige instrumenten en benodigdheden
Groothandel in farmaceutische en medische artikelen
Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen
Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels