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UgenTec

Active Public limited companyfounded 2014active for 12 yearsRegentlaan 54, 1000 BrusselsKBO/BCE: BE 0551.976.421 subsidiary of M51 Europe
UgenTec
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Board

4 directors, 1 in day-to-day management, 1 auditor, no change since August 2026
Steven Verhoeven
Director and day-to-day manager
appointed by deed of 10-10-2022 term without a fixed end
earlier member of the executive committee, from 19-03-2018 to 31-08-2022
James COFFIN
Director
since 02-02-2026 6-year term from 2026
listed in the 2025 annual accounts, filed on 02-09-2026
Kareem SAAD
Director
appointed by deed of 15-10-2026
MARTENS Tom
Class A director
appointed by deed of 22-04-2015
earlier managing director, from 03-04-2015 to 15-05-2020
earlier member of the executive committee, from 19-03-2018 to 18-03-2022
earlier director, from 03-04-2015 to 10-10-2022
also on the board of 3 other companies
Groupe Audit Belgium
Statutory auditor
current term since 22-05-2025 term of 3 financial years from 2024
listed in the 2025 annual accounts, filed on 02-09-2026
Steven Verhoeven
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Overeenkomstig de statuten wordt de vennootschap in en buiten rechte vertegenwoordigd door de raad van bestuur als college, dan wel door één…”
deed of 15-10-2026

Office holders in the KBO →

Mandates through the years

28 names, the dashed line is today
Show
MARTENS Tom
Class A director
Steven Verhoeven
Director, Day-to-day manager
James COFFIN
Director
Kareem SAAD
Director
Groupe Audit Belgium
Statutory auditor
QVIGSTAD Peder
Director
Guy Emslie
Director
LITTLEJOHNS James Michael
Director
COBBEN Hans Edmond Maria Mathias
Director
PKF-VMB Bedrijfsrevisoren
Statutory auditor
PURVESH DHANANJAY Patel
Director
Pwc Bedrijfsrevisoren
Statutory auditor
SZAMEL Piotr Pawel
Director
VERHOEVEN Steven Dieter
Board
Carleton Krupp Thompson III
Director
DE BOE Nicolas André Chris
Director
VITIÄ Marika Päivi Johanna
Director
Heran Partners
Class B director
IVO MARECHAL
Director
LRM Beheer
Class B director
Wouter UTEN
Class A director
BVBA Opdorp Finance
Class B director
SUMACO BEHEER
Director
Herman Verrelst
Class B director
NUMENOR
Director
BIOVER II
Director
T.M. Management
Manager
UTEC
Manager
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
  • MARTENS Tom
    • Class A director, appointed by deed of 22-04-2015, until 15-05-2020
    • Class A director, appointed by deed of 22-04-2015, still in office
    • Managing director, appointed by deed of 22-04-2015, until 15-05-2020
    • Class A director, from before 15-05-2020 to 10-10-2022
    • Member of the executive committee, until 18-03-2022
  • Steven Verhoeven
    • Member of the executive committee, appointed by deed of 27-07-2018, until 31-08-2022
    • Director, appointed by deed of 10-10-2022, still in office
    • Day-to-day manager, appointed by deed of 10-10-2022, still in office
  • James COFFIN
    • Director, since before 31-12-2024
  • Kareem SAAD
    • Director, appointed by deed of 15-10-2026, still in office
  • Groupe Audit Belgium
    • Statutory auditor, appointed by deed of 07-07-2025, still in office
  • QVIGSTAD Peder
    • Director, from 26-04-2024 to 21-08-2026
  • Guy Emslie
    • Director, from before 31-12-2024 to 23-01-2026
  • LITTLEJOHNS James Michael
    • Director, appointed by deed of 11-10-2024, until 31-10-2025
  • COBBEN Hans Edmond Maria Mathias
    • Director, appointed by deed of 10-10-2022, until 12-01-2024
    • Director, appointed by deed of 11-10-2024, until 13-10-2025
  • PKF-VMB Bedrijfsrevisoren
    • Statutory auditor, appointed by deed of 14-01-2022, until 11-10-2024
  • PURVESH DHANANJAY Patel
    • Director, from 20-12-2023 to 11-10-2024
  • Pwc Bedrijfsrevisoren
    • Statutory auditor, appointed by deed of 11-10-2024, no longer listed in the 2025 annual accounts
  • SZAMEL Piotr Pawel
    • Director, from 28-04-2023 to 11-10-2024
  • VERHOEVEN Steven Dieter
    • Board, from 31-08-2022 to 17-06-2024
  • Carleton Krupp Thompson III
    • Director, appointed by deed of 10-10-2022, until 01-03-2024
  • DE BOE Nicolas André Chris
    • Member of the executive committee, appointed by deed of 05-04-2022, until 31-08-2022
    • Director, appointed by deed of 10-10-2022, until 12-01-2024
    • Day-to-day manager, appointed by deed of 25-01-2023, ended, last mentioned on 25-01-2023
  • VITIÄ Marika Päivi Johanna
    • Director, appointed by deed of 10-10-2022, until 12-01-2024
  • Heran Partners
    • Class B director, appointed by deed of 30-11-2020, until 10-10-2022
    • Class B director, appointed by deed of 30-11-2020, no longer listed in the 2025 annual accounts
  • IVO MARECHAL
    • Chair of the board, appointed by deed of 12-06-2018, ended, last mentioned on 12-06-2018
    • Director, appointed by deed of 12-06-2018, until 10-10-2022
  • LRM Beheer
    • Class B director, appointed by deed of 17-04-2018, until 10-10-2022
    • Class B director, from before 22-07-2020, no longer listed in the 2025 annual accounts
  • Wouter UTEN
    • Chair, appointed by deed of 19-05-2014, ended, last mentioned on 19-05-2014
    • Class A director, appointed by deed of 22-04-2015, until 15-05-2020
    • Managing director, appointed by deed of 22-04-2015, until 31-08-2022
    • Class A director, from before 15-05-2020 to 10-10-2022
  • BVBA Opdorp Finance
    • Class B director, appointed by deed of 12-06-2018, until 15-05-2020
    • Class B director, until 27-05-2020
    • Class B director, from before 22-07-2020, no longer listed in the 2025 annual accounts
  • SUMACO BEHEER
    • Chair of the board, appointed by deed of 22-04-2015, no longer listed in the 2025 annual accounts
    • Director, appointed by deed of 22-04-2015, until 14-05-2018
    • Director, appointed by deed of 22-04-2015, no longer listed in the 2025 annual accounts
  • Herman Verrelst
    • Class B director, appointed by deed of 28-12-2015, until 09-11-2017
  • NUMENOR
    • Director, appointed by deed of 22-04-2015, until 26-11-2015
  • BIOVER II
    • Director, appointed by deed of 22-04-2015, no longer listed in the 2025 annual accounts
  • T.M. Management
    • Manager, appointed by deed of 19-05-2014, until 03-04-2015
  • UTEC
    • Manager, appointed by deed of 19-05-2014, until 03-04-2015

Control

Parent
M51 Europe
Equity €39.4m
Loss €59.6m in 2023
100%
This company
UgenTec
Equity -€2.8m
Loss €1.7m in 2025

Further up the chainM51 Topco Inc. US consolidates

and 1 other shareholder

Capital

Capital
€6,415,000
Shares
902,213
Contribution per share
€7.11
Equity per share
-€3.13 in 2025
Source
deed of 12-01-2024

Owners through the years

as the annual accounts name them
M51 Topco Inc. US
consolidates
consolidates
M51 Europe
100%
100% until 2023
Heran HealthTech Fund I
24.36% until 2022
COFFEE SHOT
1.68%
1.68% until 2020
HERAN
22.77%
22.77% until 2019
SUMACO BEHEER
2.5%
2.5% until 2016
Owners as a list

Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 04-11-2021 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
5 directors
Term of at most 6 years
“Raad kiest voorzitter uit midden”
deed of 12-01-2024 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of April at 17:00
deed of 12-01-2024 (in Dutch)
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Bevoegdheden van de vereffenaars, tenzij algemene vergadering anders besluit,bij gewone meerderheid van stemmen”
deed of 12-01-2024 (in Dutch)

Shareholders

2 owners

Owners 2

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 10-10-2022 ↗
  • M51 Europe BV all shares
After 2 capital increases deed of 17-11-2021 ↗
  • VERSTRYNGE Bart Alfons €12,331.90 in cash
  • WIDJAJA Devy Shari €3,481.68 in cash
  • JACOBS Joachim Jan Anna €37,821.44 in cash
  • Koen Jans €12,331.90 in cash
  • Nele Ooms €8,095.17 in cash
  • MARTENS Tom €30,737.04 in cash
  • UTEN Wouter Paul Maria-Louisa €30,737.04 in cash
After 2 capital increases deed of 04-11-2021 ↗
  • UTEN Wouter Paul Maria-Louisa €138,688 in kind
  • MARTENS Tom €55,096.96 in kind
  • VERHOEVEN Steven Dieter €77,728.32 in kind
  • HERAN HEALTHTECH FUND I €1,032,059.36 in kind
  • MARECHAL Ivo Antoine Leon €70,163.52 in kind
  • DE MOOR Bart Lodewijk René €153,786.08 in kind
  • GEMMA FRISIUS-FONDS KU LEUVEN €158,734.72 in kind
  • KATHOLIEKE UNIVERSITEIT LEUVEN €63,922.56 in kind
  • LIMBURGSE RECONVERSIE MAATSCHAPPIJ €1,028,592.16 in kind
  • VAN VOOREN Steven €83,275.84 in kind
  • REESSINK Michiel €62,535.68 in kind
Stated in the deed deed of 04-11-2021 ↗
  • VAN VOOREN Steven 2,642 shares
After 2 capital increases deed of 12-09-2018 ↗
  • VERHOEVEN Steven 12,689 shares · €400,000
After 4 capital increases deed of 17-04-2018 ↗
  • MARECHAL Ivo 3,449 shares · €86,978.99
  • HERAN 28,419 shares · €716,687.74
  • COFFEE SHOT 2,129 shares · €53,690.43
  • DE MOOR Bart 2,085 shares · €52,580.81
  • KATHOLIEKE UNIVERSITEIT TE LEUVEN 1,624 shares · €40,955.03
  • GEMMA FRISIUS FONDS K.U. LEUVEN 4,736 shares · €119,435.35
  • UTEN Wouter 3,172 shares · €100,000
  • MARTENS Tom 3,172 shares · €100,000
  • Limburgse Reconversie Maatschappij (BE 0452.138.972) 63,445 shares · €2,000,000
Show 1 older mentions
At incorporation deed of 19-05-2014 ↗
  • UTEN Wouter Paul Maria-Louisa 50 shares (50%)
  • MARTENS Tom 50 shares (50%)
Capital over time
  1. 12-01-2024 Capital increase of €3,000,000 · to €6,415,000 · 440,462 new shares at €6.81 per share, 48.8% of the 902,213 shares after the increase
  2. 07-04-2022 Capital reduction of €4,745,441.51 · to €3,415,000
  3. 17-11-2021 Capital increase of €135,536.16 · to €8,160,441.51 · in cash
  4. 17-11-2021 Capital increase of €135,536.16 · to €8,160,441.51
  5. 04-11-2021 Capital increase · 10,840 new shares · in kind
  6. 12-09-2018 Capital increase of €400,000 · to €7,135,703.20 · 12,689 new shares
  7. 12-09-2018 Capital reduction of €780,000 · to €6,355,703.20 · “aanzuivering van overgedragen verliezen”
  8. 17-04-2018 Capital increase of €1,070,328.33 · to €2,156,895.19 · 42,442 new shares at €25.22 per share · in kind
Show 10 older capital entries
  1. 17-04-2018 Capital increase of €850,000 · to €3,006,895.19 · 26,964 new shares at €31.52 per share · in kind
  2. 17-04-2018 Capital increase of €3,808.01 · to €3,010,703.20 · 151 new shares, 0.1% of the 222,376 shares after the increase
  3. 17-04-2018 Capital increase of €3,725,000 · to €6,735,703.20
  4. 22-04-2015 Capital increase of €35,368.51 · to €104,335.37 · 51,281 new shares · in cash
  5. 22-04-2015 Capital increase of €1,060.76 · to €105,396.13 · 1,538 new shares · in kind
  6. 22-04-2015 Capital increase of €993,570.73 · to €1,098,966.86 · no new shares · “inlijving van de uitgiftepremie”
  7. 22-04-2015 Capital reduction of €12,400 · to €1,086,566.86 · “vrijstelling van de verplichting tot storting”
  8. 22-04-2015 Capital increase of €1,188 · to €19,788 · 600 new shares
  9. 22-04-2015 Capital increase of €49,178.86 · to €68,966.86 · inlijving uitgiftepremie
  10. 19-05-2014 Incorporation · €18,600 · 100 shares

Next steps

See this company's board, registered office and name on a given date.Company as of a date See what became of the directors' other companies.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file

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