Hirundo Biosciences

Judicial reorganisation

Public limited companyfounded 2017active for 9 yearsBoulevard de Patience et Beaujonc 3, 4000 Liège, Belgium46 active companies are registered at this addressKBO/BCE: BE 0681.855.065

Summary

The file of Hirundo Biosciences contains 5 judicial reorganisation notices, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€548,240) and a net result of -€13.7m. Equity is shrinking by about 19% per year across the filed financial years. Its solvency ranks better than 7% of 5,697 sector peers (NACE 68, financial year 2025).

Risk analysisFollow Report Compare

Hirundo BiosciencesJudicial reorganisationChecked score 3/100

Risk analysis Report Compare

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court: Enterprise Court of Liège
Opened: 4 April 2023
Track: Reorganisation by collective agreement
Docket number: 20230014
Moratorium until: 4 April 2024 (passed; an extension would be in a later judgment)
Creditors' vote: 26 March 2024
Delegated judge: Jacques Leboutte
Official Gazette: 11-04-2023 (pdf) ↗search the document for 2023/113702

What to do now

Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.

View the file in RegSol ↗ Follow Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

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Activity

Buying and selling of own real estate

NACE 68110Other research and development on natural sciences NACE 72109

10th largest employer in Liège, Real estate sector1 site

Size

€0turnover 2025

Staff: 12.2 FTE
Equity: -€548,240
Loss: -€13.7m

Financial health

3 Critical Checked score 2025

Reorganisation running: about 1 in 4 bankrupt within the year

Structure

Parent: Chemical Works of Gedeon Richter Plc
Holdings: 1

András TromplerDirector
Imre BenczeDirector

Accounts 7 days early7 of 17 deeds read

Signalsraises riskNegative equityIn judicial reorganisationneutralLatest accounts filed on timeShow the evidence

Checked score

Score 2025

3 / 100

Critical

Without a bankruptcy probability: score from the figures alone

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 9-42

equity -16.1% of total assets

Liquidity 0-20

short-term debt 115.4%

Profitability 0=

return on assets -402.0%

Bankruptcy probability, 12 months

Judicial reorganisation

About 1 in 4 comparable companies went bankrupt within the year

A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).

No credit on open account during an ongoing judicial reorganisation

Liquidity insufficient (current ratio 0.26, compared with 0.11 in 2024, below 1; short-term debt: 115.4% of total assets), and equity is negative.

Signals

Three signals.

raises riskneutral

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€548,240

In judicial reorganisation

Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring.

Belgian Official Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

7 days early

2024

8 days late

2023

21 days late

2022

5 days early

2021

31 days late

2020

9 days late

2019

3 days late

← 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 9 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

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 8 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

16-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-09-2026 Resignation: László Kovács (director)Appointments: Imre Bencze, András Trompler…
24-07-2026 Annual accounts filedfinancial year 2025 · full…
24-06-2026 Board meeting · Transfer of a…Gazette deed

Key points

Risk: In judicial reorganisationtrustee not known 04-04-2023 View
Risk: Negative equityfinancial year 2025: debts exceed assets -€548,240 View
Risk: 8 loss-making years in a rowloss financial year 2025 -€13.7m View
Caution: Turnover fell in 2025from €277,707 to €0 ▼ 100% View
Caution: Among the weakest 5% on net resultsector median €20,738 · 5,703 companies -€13.7m View
Board changedlatest change 27-08-2026 · 2 in office 3 joined · 1 left View
Controlled by Chemical Works of Gedeon…the company in turn controls 1 companies parent View