ACTIVE

argenx

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Financial year 2025 · Closed on 31/12/2025

Net result1,6 Md €+447,3 %over 1 year

Revenue4,5 Md €+92,8 %over 1 year

Equity6,7 Md €+60,0 %over 1 year

Workforce510,9 ETP+21,8 %over 1 year

Identity

Source · BCE/KBO

argenx is a Private limited company incorporated in 2009. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Gent. It employs on average 510,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0818.292.196
Incorporation: 04/09/2009
Legal form: Private limited company
Registered office: Industriepark-Zwijnaarde 7
9052 Gent · FlandreSee on map
Contributed capital: 6 951 414 599,11 €
Latest accounts: 31/12/2025
Average workforce: 510,9 ETP

Activities (NACE)

72101Research and experimental development on natural sciences and engineering· main 72110Research and experimental development on biotechnology

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 19 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	4,5 Md €	+92.8%	2,3 Md €	+89.0%	1,2 Md €	+142%	505,3 M €	+2830%	17,2 M €
EBITDA	2,9 Md €	+154%	1,1 Md €	+114%	535,6 M €	+133%	230 M €	+17.2%	196,2 M €
Operating result	1,6 Md €	+759%	180,6 M €	+147%	-386,6 M €	+22.0%	-495,4 M €	-61.6%	-306,6 M €
Net result	1,6 Md €	+447%	296,1 M €	+220%	-245,8 M €	+50.9%	-500,8 M €	-32.3%	-378,4 M €
Balance sheet
Equity	6,7 Md €	+60.0%	4,2 Md €	+9.1%	3,8 Md €	+36.0%	2,8 Md €	+27.0%	2,2 Md €
Total assets	8,2 Md €	+35.5%	6,1 Md €	+21.8%	5 Md €	+47.1%	3,4 Md €	+29.2%	2,6 Md €
Cash	3,5 M €	-10.0%	3,9 M €	-66.2%	11,5 M €	-73.1%	42,7 M €	-57.1%	99,5 M €
Debts	1,5 Md €	-19.1%	1,9 Md €	+64.0%	1,2 Md €	+103%	568,1 M €	+41.4%	401,8 M €
Other
Workforce	510,9 ETP	+21.8%	419,4 ETP	+15.6%	362,8 ETP	+13.0%	321,2 ETP	+29.8%	247,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arjen Lemmen	Directorsince 20/11/2025
Filip Borgions	Directorsince 20/11/2025
Roel Ligteringen	Directorsince 20/11/2025
ARGENX SERepresented by Tim Van Hauwermeiren	Director04/09/2009 → 20/11/2025Mandate2017 accountsendedManager2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
arGEN-X BVRepresented by Tim Van Hauwermeiren	Mandate2013 accounts
arGEN-X NVRepresented by Tim Van Hauwermeiren	Mandate2014 accounts
Argenx SERepresented by Tim Van Hauwermeiren	Director2022 accounts
argenx NVRepresented by Tim Van Hauwermeiren	Mandate2015 accounts

Other companies at this address

Industriepark-Zwijnaarde 7 9052 Gent

Company	CBE no.
argenx Benelux● Active	0751.809.485
Btw-eenheid Argonaut● Active	0798.359.587
Inari Agriculture, NV● Active	0705.873.156

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	23/06/2026	25/07/2025	18/06/2024	31/07/2023	08/05/2023	20/07/2021
General meeting	01/06/2026	24/06/2025	03/06/2024	28/07/2023	28/04/2023	28/06/2021
Currency of the financial year	USD	USD	USD	USD	USD	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, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	23/06/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	25/07/2025	Dutch	PDF
Full model	31/12/2023	03/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	28/07/2023	31/07/2023	Dutch	PDF
Full modelCorrection	31/12/2021	28/04/2023	08/05/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	20/07/2021	Dutch	PDF
Full model	31/12/2019	15/06/2020	26/06/2020	Dutch	PDF
Full model	31/12/2018	03/06/2019	14/06/2019	Dutch	PDF
Full modelCorrection	31/12/2017	31/05/2019	07/06/2019	Dutch	PDF
Full model	31/12/2017	04/06/2018	13/06/2018	Dutch	PDF
Full modelCorrection	31/12/2016	05/06/2017	13/06/2018	Dutch	PDF
Full model	31/12/2016	05/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	06/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	18/06/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	04/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	20/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	21/06/2011	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arjen Lemmen	Directorsince 20/11/2025
Filip Borgions	Directorsince 20/11/2025
Roel Ligteringen	Directorsince 20/11/2025
ARGENX SERepresented by Tim Van Hauwermeiren	Director04/09/2009 → 20/11/2025Mandate2017 accountsendedManager2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
arGEN-X BVRepresented by Tim Van Hauwermeiren	Mandate2013 accounts
arGEN-X NVRepresented by Tim Van Hauwermeiren	Mandate2014 accounts
Argenx SERepresented by Tim Van Hauwermeiren	Director2022 accounts
argenx NVRepresented by Tim Van Hauwermeiren	Mandate2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/11/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Other04/09/2023
DIVERSEN
PDF
Mandates17/08/2023
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

Filip Borgions

Arjen Lemmen

Roel Ligteringen

ARGENX SE

arGEN-X BV

argenx NV

arGEN-X NV

Argenx SE

200920102011201220132014201520162017201820192020202120222023202420252026

argenxarGEN-X

Industriepark-Zwijnaarde 7, 9052 Zwijnaarde

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industriepark-Zwijnaarde 7, 9052 ZwijnaardeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00193798

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
argenxCurrent	accounts 2015 → 2025	Accounts 2025 · 2026-00193798
arGEN-X	accounts 2010 → 2014	Accounts 2014 · 2015-18100227

Events

2025
Annual accounts 20251,6 Md €↑
20/11/2025
nominationLIGTERINGEN Roel Hermanus Franciscus · bestuurder
20/11/2025
nominationLEMMEN Arjen · bestuurder
20/11/2025
nominationBORGIONS Filip Mark Evert · bestuurder
20/11/2025
apport
24/06/2025
nominationEY Bedrijfsrevisoren BV · commissaris
2024
Annual accounts 2024296,1 M €↑
04/06/2024
apport
03/06/2024
reconductionDeloitte Bedrijfsrevisoren · commissaris
2023
Annual accounts 2023-245,8 M €↑
2022
Annual accounts 2022-500,8 M €↓
2021
Annual accounts 2021-378,4 M €↑
2020
Annual accounts 2020-515 M €↓
2019
Annual accounts 2019-149,4 M €↓
2018
Annual accounts 2018-65,5 M €↑
2017
Annual accounts 2017-124 M €↓
2016
Annual accounts 20162,6 M €↑
2015
Annual accounts 20151,2 M €↑
2015
Name changeargenx
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 2013786,7 k €↑
2012
Annual accounts 2012607,8 k €↑
2011
Annual accounts 2011289,2 k €↑
2010
Annual accounts 201070,8 k €
04/09/2009
IncorporationPrivate limited company

argenx

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

Registered offices

Company names

Events