OLFADOG BIOTECH

Active

Public limited companyfounded 20223 yrs activeDrève Richelle 161P, 1410 Waterloo, BelgiumKBO/BCE: BE 0794.892.333

Summary

OLFADOG BIOTECH has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.4m and a net result of -€188,738. Its solvency ranks better than 79% of 248 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch Report Compare

OLFADOG BIOTECHActiveChecked score 85/100

Risk analysis Report Compare

Activity

Research and development on biotechnology

NACE 72101NACE 72110

1 site

Size

€1.8mtotal assets 2024

Equity: €1.4m
Loss: -€188,738

Financial health

85 Excellent Checked score 2024

Bankruptcy chance 12 m: 0.4%

Structure

Largest shareholder: Natix · 19.98%

Accounts 67 d overdue0 of 2 deeds read

Why 85- Figures for FY 2024 (filed 10-07-2025)- Loss of €188,738, the second in a row (FY 2024)+ Sector Scientific research and development (NACE 72)+ Size: total assets €1.8mShow the evidence

Checked score

Score 2024

85 / 100

Excellent

Probability in this band: under 0.55%

Better than 68% of its sector peers (NACE 72, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Strong

Solvency 100+19

equity 80.0% of total assets

Liquidity 88+41

short-term debt 20.0% · cash 35.1%

Profitability 6+6

return on assets -10.5%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (934 companies)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%▲ +6.7% vs 11-2024 01-2025: 0.1%▼ -8.6% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%▲ +3.4% vs 02-2025 04-2025: 0.1%▲ +5.8% vs 03-2025 05-2025: 0.1%▲ +0.8% vs 04-2025 06-2025: 0.2%▲ +18.6% vs 05-2025 07-2025: 0.2%▲ +11.1% vs 06-2025 08-2025: 0.1%▼ -68.8% vs 07-2025lowest value 09-2025: 0.1%● 0.0% vs 08-2025lowest value 10-2025: 0.1%● 0.0% vs 09-2025lowest value 11-2025: 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%● 0.0% vs 12-2025lowest value 02-2026: 0.1%● 0.0% vs 01-2026lowest value 03-2026: 0.1%● 0.0% vs 02-2026lowest value 04-2026: 0.1%▲ +5.7% vs 03-2026 05-2026: 0.1%▲ +3.6% vs 04-2026 06-2026: 0.1%▲ +13.8% vs 05-2026 07-2026: 0.1%▲ +21.2% vs 06-2026 08-2026: 0.1%▲ +87.5% vs 07-2026 09-2026: 0.2%▲ +35.3% vs 08-2026 10-2026: 0.4%▲ +105% vs 09-2026highest value

Figures for FY 2024 (filed 10-07-2025) raises the probability
Sector Scientific research and development (NACE 72) lowers the probability
Loss of €188,738, the second in a row (FY 2024) raises the probability
Size: total assets €1.8m lowers the probability for this profile

Credit up to €120,000 at 30 days acceptable

Liquidity ample (current ratio 2.34 against 0.65 in 2023; short-term debt: 20% and cash: 35.1% of total assets), and 20% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 72, micro). Better than this share of them on solvency 83%, liquidity 76%, profitability 23%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2024 (filed 10-07-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Sector Scientific research and development (NACE 72)

In the bankruptcy model this factor lowers the probability.

KBO

Loss of €188,738, the second in a row (FY 2024)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €1.8m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

22 d early

2023

47 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage