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AQUILON PHARMACEUTICALS

Active
Public limited companyfounded 2013active for 13 yearsRue du Bois St-Jean 15/1, 4102 Seraing, BelgiumKBO/BCE: BE 0540.870.218
Summary

The computed 12-month bankruptcy probability of AQUILON PHARMACEUTICALS is 1.7% (moderate). The 2025 annual accounts show equity of €4.3m and a net result of -€444,073. Equity is shrinking by about 5.4% per year across the filed financial years. Its solvency ranks better than 40% of 237 sector peers (NACE 72, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Research and development on biotechnology
NACE 72101
7th largest company by total assets in Seraing, Professional and technical services sector4 sites
Size
€11.1mtotal assets 2025
Staff
8.7 FTE
Equity
€4.3m
Loss
-€444,073
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Structure
Accounts 9 days early7 of 14 deeds read
Why 55raises riskLiquidity: current ratio 0.51, cash €389,0421 change of registered office in 24 months1 of the last 3 lateLoss of €444,073, the second in a row (financial year 2025)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 50% of its sector peers (NACE 72, micro)
Financial strength · tick = 2024
Average
Solvency 63+25
equity 38.3% of total assets
Liquidity 52+23
short-term debt 14.4% · cash 3.5%
Profitability 25+17
return on assets -4.0%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (937 companies, NACE 72, micro)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.8%▼ -0.1 percentage points vs 02-2025 04-2025: 1.9%▲ +0.1 percentage points vs 03-2025 05-2025: 2.0%▲ +0.1 percentage points vs 04-2025 06-2025: 2.8%▲ +0.8 percentage points vs 05-2025 07-2025: 2.9%▲ +0.1 percentage points vs 06-2025 08-2025: 3.8%▲ +0.9 percentage points vs 07-2025 09-2025: 3.8%● unchanged vs 08-2025 10-2025: 3.8%● unchanged vs 09-2025 11-2025: 3.8%● unchanged vs 10-2025 12-2025: 3.8%● unchanged vs 11-2025 01-2026: 3.8%● unchanged vs 12-2025 02-2026: 3.8%● unchanged vs 01-2026 03-2026: 3.8%● unchanged vs 02-2026 04-2026: 3.9%▲ +0.1 percentage points vs 03-2026 05-2026: 3.8%▼ -0.1 percentage points vs 04-2026 06-2026: 3.9%▲ +0.1 percentage points vs 05-2026 07-2026: 4.1%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 1.7%▼ -2.4 percentage points vs 07-2026lowest value 09-2026: 1.7%● unchanged vs 08-2026lowest value 10-2026: 1.7%● unchanged vs 09-2026lowest value
Credit of up to €230,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.51, compared with 0.13 in 2024, below 1; short-term debt: 14.4% and cash: 3.5% of total assets), and 61.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, micro): better than 38% on solvency, 35% on liquidity, 30% on profitability and 96% on growth.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.51, cash €389,042
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 1 of the last 3 late
NBB · filings
raises risk · Loss of €444,073, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €4.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
9 days early
2024
2 days early
2023
68 days late
2022
21 days early
2021
2 days late
2020
26 days late
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days after the deadline; the sector median (NACE 72) for financial year 2024 is 13 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · Amendment of…Declaration · Financial instrument ·…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Equity above €2mequity €4.3m ▲228%

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€444,073 View
  • Positive: Equity rose in 2025from €1.3m to €4.3m ▲ 228% View
  • Positive: 7th largest company by total assets in Seraing, Professional and technical services…in the Checked rankings No. 7 View

By topic

Financials

Financial year
2025
Total assets
€11.1m
Loss
-€444,073
Solvency
38.3%
Turnover▲ 1,319%
Net result
20182019
Go to Financials

Timeline

Events
23
Since
2015
Next accounts
by 31-07-2027
  1. 16-09-2025Resignation: Michael Mellink (director)
  2. 29-07-2025Annual accounts filed
  3. 04-07-2025Capital & shares · Amendment of the…
Go to Timeline

Company details

Sites
4
Legal form
Public limited company
Activity
Research and development on biotechnologyNACE 72101
Founded
16-10-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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