Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
argenx from Gent, company number BE0818292196, closed financial year 2025 with a result of € 1.6 billion after tax. For that financial year argenx recorded revenue of € 4.5 billion and equity of € 6.7 billion. Compared with financial year 2024, the result moved from € 296.1 million to € 1.6 billion. Profitable, and profit is growing. 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 23, 2026.
€ 6.7 billion
▲ 60% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 billion
▲ € 1.3 billion vs 2024
Profit after tax over the fiscal year.
€ 3.5 million
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -247.8 million.
People and assets in 2025
510.9
▲ 91.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 179.4 million
▲ 30% vs 2024
€ 351,100 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.
€ 153,740
▼ 46% vs 2024
Of which on lease € 91,085.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 865.5 million
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 114 days on average.
€ 145.8 million
▲ 37% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 505,333,987 | € 1,223,492,063 | € 2,312,947,419 | € 4,459,763,273 | ▲ 93% |
| Profit after taxes | € -500,806,103 | € -245,787,554 | € 296,107,074 | € 1,620,705,776 | ▲ € 1.3 billion |
| Equity | € 2,824,030,918 | € 3,840,896,841 | € 4,188,754,578 | € 6,703,659,076 | ▲ 60% |
| Total debts | € 569,146,402 | € 1,151,643,683 | € 1,889,747,770 | € 1,530,845,957 | ▼ 19% |
| Cash | € 42,690,189 | € 11,489,508 | € 3,877,727 | € 3,489,818 | ▼ 10% |
| Retained profit | € -1,918,780,819 | € -2,164,568,373 | € -1,868,461,299 | € -247,755,523 | ▲ € 1.6 billion |
| Balance sheet total | € 3,393,177,320 | € 4,992,540,523 | € 6,078,502,348 | € 8,234,505,032 | ▲ 35% |
| Employees (FTE) | 321.2 | 362.8 | 419.4 | 510.9 | ▲ 91.5 |
Key figures of argenx, 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 argenx?
What happened at argenx in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.6 billion (▲ € 1.3 billion vs 2024). Source: NBB ↗
- Arjen Lemmen became a director. NBB
- Roel Ligteringen became a director. NBB
- Filip Borgions became a director. NBB
- ARGENX SE stepped down as director. NBB
- New establishment in Gent. KBO
- ARGENX SE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 500.8 million loss in 2022 to € 1.6 billion profit in 2025.
Paid € 169 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.6 billion profit.
Pays suppliers within 114 days on average.
A new publication or filing at argenx? We notify you, reason included.
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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
Behind argenx are Arjen Lemmen, Roel Ligteringen and Filip Borgions. The shares are held by argenx SE (100%). It owns 100% of ARGENX ITALY SRL., 100% of ARGENX SPAIN S.L., 100% of ARGENX NETHERLANDS SERVICES B.V., 100% of ARGENX BENELUX BV, 100% of ARGENX AUSTRALIA PTY LTD and 100% of ARGENX AUSTRIA SERVICES GMBH itself.
Directors
According to the 2025 annual accounts
Arjen Lemmen
Director
since 2025
Roel Ligteringen
Director
since 2025
since 2025
since 2009 · until 2025
Shareholders
argenx SE
100%
Participations
ARGENX ITALY SRL.
100%
ARGENX SPAIN S.L.
100%
ARGENX NETHERLANDS SERVICES B.V.
100%
100%
ARGENX AUSTRALIA PTY LTD
100%
ARGENX AUSTRIA SERVICES GMBH
100%
ARGENX SWITZERLAND SA
100%
ARGENX FRANCE SAS
100%
ARGENX US INC.
100%
ARGENX BRASIL PRODUTOS FARMACEUTICOS LTDA
100%
ARGENX JAPAN K.K.
100%
ARGENX GERMANY GMBH
100%
ARGENX CANADA INC.
100%
ARGENX UK LTD.
100%
BROTEIO PHARMA B.V.
100%
Establishments
Establishment units
Physical locations of this company
Industriepark-Zwijnaarde 7
9052 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
Mimecast
Hosting
FASTLY - Fastly, Inc., US
DNS
Cloudflare DNS
Domain
Domain
argenx.com
Registered
2008-07-31
Registrar
Combell NV
Expires
2027-07-31
Website info
Features
Security
Network
Details
- Company number
- 0818.292.196
- VAT number
- BE 0818.292.196
- Registered office
- Industriepark-Zwijnaarde 7, 9052 Gent
- Names & denominations
- argenx
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 September 2009
- Peppol
- Active · Active since 11 Nov 2025
- Contact
- argenx.com
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied