Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
42 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
iTeos Belgium from Charleroi, company number BE0838316659, closed financial year 2025 with a result of € -93.5 million after tax. Compared with financial year 2024, the result moved from € 40.8 million to € -93.5 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 14, 2026.
€ -5.1 million
▼ € 96.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -93.5 million
▼ still € 40.8 million profit in 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -51.7 million.
People and assets in 2025
77.5
▼ 50.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 40.3 million
▲ 59% vs 2024
€ 519,400 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9.1 million
▼ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.
€ 4,539
▼ € 5.6 million vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 227,054,816 | € 10,685,580 | € 32,542,096 | - | |
| Profit after taxes | € 190,000,844 | € -15,134,104 | € 40,832,691 | € -93,459,319 | ▼ € 134.3 million |
| Equity | € 483,762,311 | € 464,836,321 | € 91,011,200 | € -5,064,261 | ▼ € 96.1 million |
| Total debts | € 49,923,767 | € 38,354,754 | € 51,195,742 | € 51,364,848 | |
| Cash | € 19,166,850 | € 14,683,310 | € 2,586,913 | € 1,498,748 | ▼ 42% |
| Retained profit | € 427,554,685 | € 412,420,581 | € 41,746,042 | € -51,713,277 | ▼ € 93.5 million |
| Dividend | € 0 | € 0 | € 411,507,230 | € 0 | ▼ 100% |
| Balance sheet total | € 533,686,078 | € 503,191,074 | € 142,206,943 | € 46,300,587 | ▼ 67% |
| Employees (FTE) | 83.1 | 108.2 | 128.1 | 77.5 | ▼ 50.6 |
Key figures of iTeos Belgium, 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 iTeos Belgium?
What happened at iTeos Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kevin Tang stepped down as director. NBB
- Michael Hearne stepped down as director. NBB
- Philippe Brantegem stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 93.5 million (▼ € 134.3 million vs 2024). filed late Source: NBB ↗
- Kevin Tang became a director. NBB
- Michael Hearne became a director. NBB
- Benoit Dethy stepped down as director. NBB
- Gilles Castaigne stepped down as director. NBB
In short
From € 190 million profit in 2022 to € 93.5 million loss in 2025.
Paid € 973,886 in corporate taxes since 2022.
Best year ever: 2022, with € 190 million profit.
Paid out € 411.5 million in dividends to the owners in total.
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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
The stake of VIVES II - Louvain Technology Fund comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
iTeos BelgiumThe shares are held by iTeos Therapeutics LLC (100%) and VIVES II - Louvain Technology Fund (1.9%).
Directors
According to the 2025 annual accounts
since 2021 · until 2025
Philippe Brantegem
Managing director
since 2021 · until 2027
Kevin Tang
Director
since 2025 · until 2031
Michael Hearne
Director
since 2025 · until 2031
Benoit Dethy
Director
since 2021 · until 2025
Shareholders
iTeos Therapeutics LLC
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Venise 21
6040 Charleroi
Rue des Frères Wright 29
6041 Charleroi
Active since 1 August 2011
Rue Clément Ader 10
6041 Charleroi
Active since 18 December 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 42 companies are registered at this address.
All companies at this address →ACHILEA
€ 167,121 gross margin · 2024
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PROGECOM
C.S.D. TERRASSEMENT
€ 1.5 million gross margin · 2024
MIG DP
€ 554,183 gross margin · 2024
+37 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
- 0838.316.659
- VAT number
- BE 0838.316.659
- Registered office
- Rue de Venise 21, 6040 Charleroi
- Names & denominations
- iTeos Belgium · ITEOS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 2011
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied