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Tanai Therapeutics

Active
Public limited companyfounded 2023active for 2 yearsPieter van Reysschootlaan 2, 9051 Gent, BelgiumKBO/BCE: BE 1002.228.546
Summary

The annual accounts of Tanai Therapeutics for financial year 2025 show a net loss of 64% of total assets. The 2025 annual accounts show equity of €3.6m and a net result of -€2.5m. Its solvency ranks better than 89% of 271 sector peers (NACE 72, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 13-11-2023 Normal situation
Registered office
16 active companies are registered at this address Source: KBO register, as of 2 November 2026.
Activity
Research and development on biotechnology NACE 72101
Establishment unit
2.352.353.334 9051 Gent, since 13-11-2023
Financial year end
31 December
Peppol
Reachable since 02-01-2026

Board and ownership

Board
and 2 others
Auditor
BDO Bedrijfsrevisoren bv
Shareholders
  • V-Bio Fund 2· score 932025 annual accounts of V-Bio Fund 2
  • QBIC III FUND· score 962025 annual accounts of QBIC III FUND

Financial position

56 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
-€528,205
▼ 135%
Loss
€2.5m
▲ 37.8%
Equity
€3.6m
▼ 41.2%
Total assets
€3.9m
▼ 36.8%
Turnover not published (abbreviated format)
Filed on 22-05-2026, 70 days before the deadline
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 €2.5m, the second in a row (financial year 2025)lowers riskSector: Scientific research and development (NACE 72)Size: total assets €3.9mLiquidity: current ratio 9.47, cash €2.7mShow the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 52% of small 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
Strong
Solvency 100=
equity 91.8% of total assets
Liquidity 100=
short-term debt 8.2% · cash 70.4%
Profitability 0=
return on assets -64.2%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (165 companies, NACE 72, small)
Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.7%▲ +0.1 percentage points vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.8%▲ +0.1 percentage points vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025highest value 07-2025: < 0.1%▼ -0.8 percentage points vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: 0.1%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €190,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 9.47 (60.94 in 2024), above the usual 1.5. Short-term debt is 8.2% and cash 70.4% of total assets. 8.2% 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, small). It does better than 85% of them on solvency, 98% on liquidity, 11% on profitability and 12% on growth.

The bankruptcy probability was computed on 01-11-2026 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

Seven signals.
lowers riskraises riskneutral
raises risk · Loss of €2.5m, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Scientific research and development (NACE 72)
KBO
lowers risk · Size: total assets €3.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 9.47, cash €2.7m
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
2425
2024 to 2025 · latest year -€2.5m
raises risk · Young company
Founded in 2023, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
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 22-05-2026, 70 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
70 days early
2024
58 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 64 days before 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.
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Key points

  • Caution: Lower net result than 92% of companies in research and developmentsector median €1,640 · 270 companies -€2.5m View
  • Caution: Equity fell in 2025from €6.0m to €3.6m ▼ 41.2% View
  • Board changedlatest change 01-07-2026 · 4 in office 1 joined · 1 left View

Recent changes

  1. · Gazette deed Appointment: Josua Jordi (day-to-day manager)Resignation: PROsVenture (director)
  2. · Gazette deed Appointment: PROsVenture BV (director)Permanent representative: Pieter Rottiers
  3. · Gazette deed Capital & shares · Amendment of the articles
All 7 events

Comparable companies

These companies have the same main activity as Tanai Therapeutics: research and development on biotechnology (NACE 72101). They are comparable in size and age: total assets between €1.5m and €4.3m, founded between 2022 and 2024.

CompanyTotal assetsGross margin
Tanai Therapeutics Gent€3.9m-€0.5m
HepaVue Dx Waterloo€3.7m-€0.3m
CANCER STATE THERAPEUTICS Charleroi€4.0m-€0.1m
SYNLOCK Jemeppe-sur-Sambre€2.7m-€0.04m
Trim Therapeutics Gent€1.5m-€0.6m
LIVEDROP Liège€4.3m-€0.006m
THERAtRAME Liège€2.7m-€0.9m
Full comparison

Key facts about Tanai Therapeutics

What is the company number of Tanai Therapeutics?
The company number of Tanai Therapeutics is 1002.228.546. The VAT number is the same number with BE in front: BE 1002.228.546.
Where is Tanai Therapeutics based?
The registered office is at Pieter van Reysschootlaan 2, 9051 Gent.Company details
What does Tanai Therapeutics do?
According to the KBO register, the main activity is research and development on biotechnology (NACE 72101).
What is the legal form of Tanai Therapeutics?
The legal form of Tanai Therapeutics is Public limited company (NV).
When was Tanai Therapeutics founded?
Tanai Therapeutics was founded on 13-11-2023.
Is Tanai Therapeutics still active?
Yes, Tanai Therapeutics is an active enterprise in the KBO register.
What is the turnover of Tanai Therapeutics?
The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
Is Tanai Therapeutics profitable?
In financial year 2025, Tanai Therapeutics made a loss of €2.5m.
Where can I find the annual accounts of Tanai Therapeutics?
Tanai Therapeutics filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Tanai Therapeutics due?
Tanai Therapeutics must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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