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EXO Biologics

Active
Public limited companyfounded 2019active for 7 yearsBoulevard de Patience et Beaujonc 3, 4000 Liège, BelgiumKBO/BCE: BE 0732.982.379
Summary

The annual accounts of EXO Biologics for financial year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €2.9m and a net result of -€2.3m. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 30% of 239 sector peers (NACE 72, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

Source: KBO
Status
Active since 29-08-2019 Normal situation
Registered office
47 active companies are registered at this address 4 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity
Other research and development on natural sciences NACE 72109and 2 others
Joint committee
207 Paritair Comité voor de bedienden uit de scheikundige nijverheid · annual accounts 2025
Establishment unit
2.349.033.855 4000 Liège, since 01-07-2023
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
and 3 others

Financial position

54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts 2025
Turnover
€0
▼ 100%
Loss
€2.3m
▲ 12.7%
Equity
€2.9m
▼ 10.0%
Total assets
€11.7m
▼ 6.8%
Employees on 31-12-2025
6
▼ 14.3%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €2.3m, the second in a row (financial year 2025)Liquidity: current ratio 1.30, cash €158,176, halvedlowers riskSector: Scientific research and development (NACE 72)Figures for financial year 2025 (filed on 16-07-2026)Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 22% of micro companies in research and development (NACE 72)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 50-1
equity 25.0% of total assets
Liquidity 29-15
short-term debt 45.9% · cash 1.4%
Profitability 0-67
return on assets -19.8%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (936 companies, NACE 72, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.2%▼ -0.2 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.4 percentage points vs 07-2026highest value 09-2026: 0.9%● unchanged vs 08-2026highest value 10-2026: 0.9%● unchanged vs 09-2026highest value 11-2026: 0.9%● unchanged vs 10-2026highest value
Credit of up to €150,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.3 (1.77 in 2024), below the usual 1.5. Short-term debt is 45.9% and cash 1.4% of total assets. 75% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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). It does better than 30% of them on solvency, 13% on liquidity, 10% on profitability and 34% on growth.

The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €2.3m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.30, cash €158,176, halved
NBB · annual accounts
lowers risk · Sector: Scientific research and development (NACE 72)
KBO
lowers risk · Figures for financial year 2025 (filed on 16-07-2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€2.3m
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 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
15 days early
2024
17 days early
2023
15 days early
2022
11 days early
2021
67 days late
2020
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 1 day after the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% 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 17 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 6 loss-making years in a rowloss in financial year 2025 -€2.3m View
  • Caution: Fewer staff in 2025from 15 FTE to 5.6 FTE ▼ 62.7% View
  • Caution: Lower net result than 84% of companies in research and developmentsector median €3,198 · 237 companies -€2.3m View
  • Board changedlatest change 16-06-2026 · 6 in office 1 joined · 1 left View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Recent changes

  1. · Gazette deed 1 director appointed, 4 directors resigningChange of role: Pieter Van Rompay, from class A director to director · Resignations: Jo Bury, Hugues Wallemacq and Jean-Michel Foidart
  2. · Gazette deed Capital & shares · Amendment of the articles
  3. · Gazette deed Capital decrease of €5,132,867.76 to €5,181,820.14
All 19 events

Comparable companies

These companies have the same main activity as EXO Biologics: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €3.9m and €19m, founded between 2015 and 2023.

CompanyTotal assetsGross margin
EXO Biologics Liège€11.7m€0.4m
NEUVASQ BIOTECHNOLOGIES Charleroi€7.2m€0.6m
Minoryx Therapeutics BE Charleroi€3.9m€0.2m
Magnax Kortrijk€18.7m€0.1m
MAASH Anderlecht€14.2m€0.07m
AXITHRA Gent€8.6m€0.3m
DIABATIX Leuven€4.1m€1.0m
Full comparison

Key facts about EXO Biologics

What is the company number of EXO Biologics?
The company number of EXO Biologics is 0732.982.379. The VAT number is the same number with BE in front: BE 0732.982.379.
Where is EXO Biologics based?
The registered office is at Boulevard de Patience et Beaujonc 3, 4000 Liège.Company details
What does EXO Biologics do?
According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
What is the legal form of EXO Biologics?
The legal form of EXO Biologics is Public limited company (NV).
When was EXO Biologics founded?
EXO Biologics was founded on 29-08-2019.
Is EXO Biologics still active?
Yes, EXO Biologics is an active enterprise in the KBO register.
How many employees does EXO Biologics have?
EXO Biologics had an average of 5.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does EXO Biologics fall under?
In its 2025 annual accounts, EXO Biologics states joint committee 207 (Paritair Comité voor de bedienden uit de scheikundige nijverheid).
What is the turnover of EXO Biologics?
The turnover of EXO Biologics was €0 in financial year 2025, according to the filed annual accounts.
Is EXO Biologics profitable?
In financial year 2025, EXO Biologics made a loss of €2.3m.
Where can I find the annual accounts of EXO Biologics?
EXO Biologics filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of EXO Biologics due?
EXO Biologics must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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