ACTIVE

MDxHealth

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Financial year 2025 · Closed on 31/12/2025

Net result-4,1 M €-158,9 %over 1 year

Revenue4,2 M €+6,3 %over 1 year

Equity134 M €-0,2 %over 1 year

Workforce0,0 ETP-100,0 %over 1 year

Identity

Source · BCE/KBO

MDxHealth is a Public limited company incorporated in 2003. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Herstal.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0479.292.440
Incorporation: 15/01/2003
Legal form: Public limited company
Registered office: Rue d'Abhooz 31
4040 Herstal · WallonieSee on map
Contributed capital: 334 592 333,35 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Activities (NACE)

72101Research and experimental development on natural sciences and engineering· main 72110Research and experimental development on biotechnology 85141Pre-primary education 21209Manufacture of pharmaceutical preparations 21209Manufacture of pharmaceutical preparations 24422Aluminium production+2

Joint committees (2)

30502
33004

Signals

Solid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 24 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	4,2 M €	+6.3%	3,9 M €	+23.4%	3,2 M €	+7.8%	2,9 M €	-21.2%	3,7 M €
EBITDA	-7,6 k €	+99.8%	-3,2 M €	+41.7%	-5,5 M €	+34.3%	-8,4 M €	-53.3%	-5,5 M €
Operating result	-4,3 M €	+26.4%	-5,9 M €	+21.7%	-7,5 M €	+19.1%	-9,3 M €	-67.7%	-5,5 M €
Net result	-4,1 M €	-159%	7 M €	+125%	-28,4 M €	+40.7%	-47,8 M €	-550%	-7,4 M €
Balance sheet
Equity	134 M €	-0.2%	134,3 M €	+53.8%	87,3 M €	+16.5%	74,9 M €	-36.4%	117,8 M €
Total assets	159,3 M €	-8.8%	174,7 M €	+29.9%	134,4 M €	+7.8%	124,7 M €	-8.4%	136,1 M €
Cash	20,3 M €	-52.5%	42,8 M €	+127%	18,9 M €	+59.3%	11,8 M €	-76.3%	49,9 M €
Debts	19,1 M €	-14.2%	22,3 M €	-36.3%	35 M €	-2.9%	36 M €	+219%	11,3 M €
Other
Workforce	0,0 ETP	-100%	1,0 ETP	-33.3%	1,5 ETP	-42.3%	2,6 ETP	0.0%	2,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 119 ended

Active mandates

Michaël Brian Holder

Director · since 28 mai 2025 · until 27 mai 2027

Active

Sanford Siegel

Director · since 07 juillet 2024 · until 28 mai 2026

Active

Donnie M. Jr. Hardison

Director · since 29 septembre 2021 · until 27 mai 2027

Active

Ahok

Director · since 27 mai 2021 · until 28 mai 2026 · 0457.927.595

Represented by Koen Hoffman

Active

Eric Bednarski

Director · since 30 juin 2020 · until 27 mai 2027

Active

REGINE SLAGMULDER

Director · since 30 juin 2020 · until 29 mai 2025 · 0808.505.193

Represented by Regine Slagmulder

Active

HILDE WINDELS

Director · since 28 mai 2020 · until 27 mai 2027 · 0474.746.110

Represented by Hilde Windels

Active

Michael K. McGarrity

Managing director · since 29 mai 2019 · until 28 mai 2026

Active

Ended mandates

Donnie M. Jr Hardison

Director · since 29 septembre 2021 · until 25 mai 2023

Ended

Donnie M. Jr Hardison

Director · since 29 septembre 2021 · until 29 mai 2025

Ended

Donnie M. Jr. Hardison

Director · since 29 septembre 2021 · until 29 mai 2025

Ended

Ahok

Director · since 27 mai 2021 · until 30 mai 2024 · 0457.927.595

Represented by Koen Hoffman

Ended

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/07/2026	17/06/2025	20/06/2024	30/05/2023	30/05/2022	27/05/2021
General meeting	28/05/2026	28/05/2025	30/05/2024	25/05/2023	25/05/2022	27/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 24 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	28/05/2026	06/07/2026	French	PDF
Full model	31/12/2024	28/05/2025	17/06/2025	French	PDF
Consolidated accounts	31/12/2024	28/05/2025	23/06/2025	French	PDF
Full model	31/12/2023	30/05/2024	20/06/2024	French	PDF
Consolidated accounts	31/12/2023	30/05/2024	21/06/2024	French	PDF
Full model	31/12/2022	25/05/2023	30/05/2023	French	PDF
Consolidated accounts	31/12/2022	25/05/2023	20/12/2023	French	PDF
Full model	31/12/2021	25/05/2022	30/05/2022	French	PDF
Consolidated accounts	31/12/2021	25/05/2022	20/12/2023	French	PDF
Full model	31/12/2020	27/05/2021	27/05/2021	French	PDF
Full model	31/12/2019	28/05/2020	29/05/2020	French	PDF
Full model	31/12/2018	29/05/2019	04/06/2019	French	PDF
Full model	31/12/2017	31/05/2018	04/06/2018	French	PDF
Full model	31/12/2016	26/05/2017	29/05/2017	French	PDF
Full model	31/12/2015	27/05/2016	30/05/2016	French	PDF
Full model	31/12/2014	29/05/2015	01/06/2015	French	PDF
Full model	31/12/2013	30/05/2014	05/06/2014	French	PDF
Full model	31/12/2012	31/05/2013	03/06/2013	French	PDF
Full model	31/12/2011	25/05/2012	11/06/2012	French	PDF
Full model	31/12/2010	27/05/2011	07/06/2011	French	PDF
Full model	31/12/2009	28/05/2010	18/06/2010	French	PDF
Full model	31/12/2008	29/05/2009	22/06/2009	French	PDF
Full model	31/12/2007	30/05/2008	19/06/2008	French	PDF
Full model	31/12/2006	25/05/2007	21/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 119 ended

Active mandates

Michaël Brian Holder

Director · since 28 mai 2025 · until 27 mai 2027

Active

Sanford Siegel

Director · since 07 juillet 2024 · until 28 mai 2026

Active

Donnie M. Jr. Hardison

Director · since 29 septembre 2021 · until 27 mai 2027

Active

Ahok

Director · since 27 mai 2021 · until 28 mai 2026 · 0457.927.595

Represented by Koen Hoffman

Active

Eric Bednarski

Director · since 30 juin 2020 · until 27 mai 2027

Active

REGINE SLAGMULDER

Director · since 30 juin 2020 · until 29 mai 2025 · 0808.505.193

Represented by Regine Slagmulder

Active

HILDE WINDELS

Director · since 28 mai 2020 · until 27 mai 2027 · 0474.746.110

Represented by Hilde Windels

Active

Michael K. McGarrity

Managing director · since 29 mai 2019 · until 28 mai 2026

Active

Ended mandates

Donnie M. Jr Hardison

Director · since 29 septembre 2021 · until 25 mai 2023

Ended

Donnie M. Jr Hardison

Director · since 29 septembre 2021 · until 29 mai 2025

Ended

Donnie M. Jr. Hardison

Director · since 29 septembre 2021 · until 29 mai 2025

Ended

Ahok

Director · since 27 mai 2021 · until 30 mai 2024 · 0457.927.595

Represented by Koen Hoffman

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares17/09/2026
CAPITAL, ACTIONS
PDF
Mandates10/07/2026
DEMISSIONS, NOMINATIONS
PDF
Other30/06/2026
DIVERS
PDF
Capital / shares22/10/2025
CAPITAL, ACTIONS
PDF
Mandates06/10/2025
DEMISSIONS, NOMINATIONS
PDF
Other25/07/2025
DIVERS
PDF
Capital / shares13/11/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Capital / shares18/10/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025-4,1 M €↓
01/10/2025
augmentation_capital
01/10/2025
apport
28/05/2025
reconductionDonnie M. Hardison Jr. — administrateur
28/05/2025
reconductionHilde Windels BV — administrateur
28/05/2025
reconductionEric Bednarski — administrateur
28/05/2025
nominationMichael Brian Holder — administrateur
2024
Annual accounts 20247 M €↑
29/10/2024
augmentation_capital
27/09/2024
augmentation_capital
27/09/2024
augmentation_capitalGenomic Health, Inc.
06/07/2024
reconductionDr. Sanford Jay Siegel — administrateur
06/07/2024
nominationDr. Sanford Jay Siegel — administrateur
30/05/2024
reconductionAhok BV — administrateur
30/05/2024
reconductionQaly-Co BV — administrateur
2023
Annual accounts 2023-28,4 M €↑
13/11/2023
reduction_capital
20/10/2023
augmentation_capital
25/05/2023
reconductionHilde Windels — administrateur indépendant
25/05/2023
reconductionRegine Slagmulder — administrateur indépendant
25/05/2023
reconductionEric Bednarski — administrateur
25/05/2023
reconductionMichael K. McGarrity — administrateur
25/05/2023
reconductionBert Kegels — commissaire
08/03/2023
augmentation_capital
07/02/2023
augmentation_capital
2022
Annual accounts 2022-47,8 M €↓
11/08/2022
augmentation_capital
11/08/2022
apport
25/05/2022
augmentation_capital
2021
Annual accounts 2021-7,4 M €↓
2020
Annual accounts 2020-1,5 M €↑
2019
Annual accounts 2019-111,4 M €↓
2018
Annual accounts 2018505,7 k €↓
2017
Annual accounts 201712 M €↑
2016
Annual accounts 20163,7 M €↑
2015
Annual accounts 2015-958,3 k €↑
2014
Annual accounts 2014-1,1 M €↑
2013
Annual accounts 2013-2,9 M €↓
2012
Annual accounts 2012-2,7 M €↑
2011
Annual accounts 2011-6,8 M €↑
2010
Annual accounts 2010-8,9 M €↑
2010
Name changeMDxHealth
2009
Annual accounts 2009-16,1 M €↓
2008
Annual accounts 2008-8,9 M €↑
2007
Annual accounts 2007-9,1 M €↑
2006
Annual accounts 2006-9,3 M €
2006
Name changeONCOMETHYLOME SCIENCES
15/01/2003
IncorporationPublic limited company

MDxHealth

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline