ACTIVE

ImmuneSpec

Financial year 2025 · closed on 31/12/2025
Net result
-201,7 k €
-158.9% YoY
Gross margin
883,6 k €
+26.8% YoY
Equity
2,6 M €
+12.7% YoY
Workforce
5,7 ETP
+67.6% YoY

What does ImmuneSpec do?

ImmuneSpec is a Private limited company incorporated in 2023. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Niel. It employs on average 5,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0797.707.610
Incorporation
27/01/2023
Legal form
Private limited company
Registered office
Galileilaan 18 box 6
2845 Niel · FlandreSee on map
Contributed capital
3 315 110,00 €
Latest accounts
31/12/2025
Average workforce
5,7 ETP
Joint committees (4)
  • 116
  • 1160
  • 207
  • 2070
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin883,6 k €696,9 k €51,5 k €
EBITDA506,4 k €490,1 k €-28,9 k €
Operating result-177,7 k €-46,4 k €-373 k €
Net result-201,7 k €-77,9 k €-397,1 k €
Balance sheet
Equity2,6 M €2,3 M €1,9 M €
Total assets3,5 M €3,2 M €3,2 M €
Cash191,9 k €113,3 k €238,7 k €
Debts829 k €759,4 k €927,6 k €
Other
Workforce5,7 ETP3,4 ETP1,7 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 · 4 active · 7 ended

Active mandates

Clean Vision Invest

Director · since 21 décembre 2023 · 0778.490.029

Represented by Bart Swaelens

Active
Thibault Jonckheere

Director · since 06 novembre 2023

Active
Heran Partners

Director · since 14 mars 2023 · 0744.757.486

Represented by Geoffrey D'hondt

Active
Elise Pepermans

Director · since 26 janvier 2023

Active

Ended mandates

Clean Vision Invest

Director · since 21 décembre 2023 · 0778.490.029

Represented by Bart Swaelens

Ended
Heran Partners

Director · since 13 avril 2023 · 0744.757.486

Represented by Geoffrey D'hondt

Ended
Heran HealthTech Fund I

Director · since 20 mars 2023 · until 13 avril 2023 · 0747.662.241

Represented by Kathleen Vandersmissen

Ended
VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK

Director · since 20 mars 2023 · until 21 décembre 2023 · 0244.195.916

Represented by Robert Fabry

Ended
At this address

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Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202427/01/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months12 months
Filing date08/06/202628/05/202511/06/2024
General meeting04/06/202627/05/202506/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202504/06/202608/06/2026DutchPDF
Abridged model31/12/202427/05/202528/05/2025DutchPDF
Abridged model31/12/202306/06/202411/06/2024DutchPDF
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 · 4 active · 7 ended

Active mandates

Clean Vision Invest

Director · since 21 décembre 2023 · 0778.490.029

Represented by Bart Swaelens

Active
Thibault Jonckheere

Director · since 06 novembre 2023

Active
Heran Partners

Director · since 14 mars 2023 · 0744.757.486

Represented by Geoffrey D'hondt

Active
Elise Pepermans

Director · since 26 janvier 2023

Active

Ended mandates

Clean Vision Invest

Director · since 21 décembre 2023 · 0778.490.029

Represented by Bart Swaelens

Ended
Heran Partners

Director · since 13 avril 2023 · 0744.757.486

Represented by Geoffrey D'hondt

Ended
Heran HealthTech Fund I

Director · since 20 mars 2023 · until 13 avril 2023 · 0747.662.241

Represented by Kathleen Vandersmissen

Ended
VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK

Director · since 20 mars 2023 · until 21 décembre 2023 · 0244.195.916

Represented by Robert Fabry

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares24/03/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates19/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares06/06/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates28/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office22/06/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates15/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/03/2023
    DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    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 2025-201,7 k €
  2. 2024
    Annual accounts 2024-77,9 k €
  3. 2023
    Annual accounts 2023-397,1 k €
  4. 27/01/2023
    IncorporationPrivate limited company