ACTIVE

DENDROGENIX

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Financial year 2025 · closed on 31/12/2025
Net result
-2,3 M €
-3.2% YoY
Gross margin
-626,5 k €
+8.9% YoY
Equity
3,3 M €
-41.1% YoY
Workforce
8,0 ETP
-26.6% YoY

What does DENDROGENIX do?

DENDROGENIX is a Public limited company incorporated in 2018. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Liège. It employs on average 8,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0700.613.677
Incorporation
02/08/2018
Legal form
Public limited company
Registered office
Avenue de l'Hôpital 11
4000 Liège · WallonieSee on map
Contributed capital
5 392 188,37 €
Latest accounts
31/12/2025
Average workforce
8,0 ETP
Activities (NACE)
72101Research and experimental development on natural sciences and engineering· main72110Research and experimental development on biotechnology72109Research and experimental development on natural sciences and engineering72190Other research and experimental development on natural sciences and engineering
Joint committees (1)
  • 207
Signals
Solid equityGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-626,5 k €-687,5 k €-1,5 M €-916,7 k €-222,1 k €
EBITDA-1,6 M €-1,8 M €-2,6 M €-1,7 M €-939 k €
Operating result-3,7 M €-3,6 M €-3,5 M €-3,9 M €-2,2 M €
Net result-2,3 M €-2,2 M €-2,8 M €-3,5 M €-1,6 M €
Balance sheet
Equity3,3 M €5,6 M €7,7 M €3,5 M €1,1 M €
Total assets5,3 M €7,7 M €10,4 M €4,5 M €3,8 M €
Cash3,3 M €1,4 M €7,3 M €2,8 M €1,5 M €
Debts2 M €2,1 M €2,7 M €1 M €2,7 M €
Other
Workforce8,0 ETP10,9 ETP11,6 ETP8,2 ETP6,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 10 ended

Active mandates

NOSHAQ SPIN-OFFS

Director · since 09 juin 2026 · until 08 juin 2032 · 0465.001.172

Represented by PATRICK ALAIN FRANCIS GHISLAIN STRAGIER

Active
Stéphane SILVENTE

Director · since 09 juin 2026 · until 08 juin 2032

Active
Emile LORIA

Director · since 13 mai 2024 · until 12 mai 2030

Active
Philippe LEFEBVRE

Director · since 13 mai 2024 · until 12 mai 2030

Active
Ingeborg HOCHMAIR

Director · since 20 décembre 2023 · until 20 décembre 2029

Active
Jean COMBALBERT

Director · since 20 décembre 2023 · until 20 décembre 2029

Active
Jean-Michel FOIDART

Director · since 30 septembre 2022 · until 30 septembre 2028

Active
SPARAXIS

Director · since 30 septembre 2022 · until 30 septembre 2028 · 0452.116.307

Represented by CAROLINE FRANÇOISE JOSÉE THIELEN

Active

Ended mandates

NOSHAQ SPIN-OFFS

Director · since 27 avril 2020 · until 27 avril 2026 · 0465.001.172

Represented by Hugues WALLEMACQ

Ended
Stéphane SILVENTE

Director · since 27 avril 2020 · until 27 avril 2026

Ended
SITI MANAGEMENT

Managing director · since 28 décembre 2018 · until 27 avril 2020 · 0716.655.301

Represented by SILVENTE Stéphane

Ended
SITI MANAGEMENT

Managing director · since 28 décembre 2018 · until 11 juin 2024 · 0716.655.301

Represented by SILVENTE Stéphane

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/07/202620/06/202512/06/202409/05/202305/07/202229/06/2021
General meeting09/06/202610/06/202513/05/202416/03/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202602/07/2026FrenchPDF
Abridged model31/12/202410/06/202520/06/2025FrenchPDF
Abridged model31/12/202313/05/202412/06/2024FrenchPDF
Abridged model31/12/202216/03/202309/05/2023FrenchPDF
Abridged model31/12/202114/06/202205/07/2022FrenchPDF
Abridged model31/12/202008/06/202129/06/2021FrenchPDF
Abridged model31/12/201909/06/202026/08/2020FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 10 ended

Active mandates

NOSHAQ SPIN-OFFS

Director · since 09 juin 2026 · until 08 juin 2032 · 0465.001.172

Represented by PATRICK ALAIN FRANCIS GHISLAIN STRAGIER

Active
Stéphane SILVENTE

Director · since 09 juin 2026 · until 08 juin 2032

Active
Emile LORIA

Director · since 13 mai 2024 · until 12 mai 2030

Active
Philippe LEFEBVRE

Director · since 13 mai 2024 · until 12 mai 2030

Active
Ingeborg HOCHMAIR

Director · since 20 décembre 2023 · until 20 décembre 2029

Active
Jean COMBALBERT

Director · since 20 décembre 2023 · until 20 décembre 2029

Active
Jean-Michel FOIDART

Director · since 30 septembre 2022 · until 30 septembre 2028

Active
SPARAXIS

Director · since 30 septembre 2022 · until 30 septembre 2028 · 0452.116.307

Represented by CAROLINE FRANÇOISE JOSÉE THIELEN

Active

Ended mandates

NOSHAQ SPIN-OFFS

Director · since 27 avril 2020 · until 27 avril 2026 · 0465.001.172

Represented by Hugues WALLEMACQ

Ended
Stéphane SILVENTE

Director · since 27 avril 2020 · until 27 avril 2026

Ended
SITI MANAGEMENT

Managing director · since 28 décembre 2018 · until 27 avril 2020 · 0716.655.301

Represented by SILVENTE Stéphane

Ended
SITI MANAGEMENT

Managing director · since 28 décembre 2018 · until 11 juin 2024 · 0716.655.301

Represented by SILVENTE Stéphane

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares19/12/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates28/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/03/2023
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/10/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/04/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares01/03/2022
    CAPITAL, ACTIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-2,3 M €↓
  2. 2024
    Annual accounts 2024-2,2 M €↑
  3. 2023
    Annual accounts 2023-2,8 M €↑
  4. 2022
    Annual accounts 2022-3,5 M €↓
  5. 2021
    Annual accounts 2021-1,6 M €
  6. 02/08/2018
    IncorporationPublic limited company