ACTIVE

Lundbeck

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Financial year 2025 · closed on 31/12/2025

Net result

738 k €

-26.0% YoY

Revenue

23,4 M €

+0.1% YoY

Equity

9 M €

0.0% YoY

Workforce

10,7 ETP

-5.3% YoY

What does Lundbeck do?

Lundbeck is a Public limited company incorporated in 1968. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Ixelles. It employs on average 10,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.985.024

Incorporation

28/02/1968

Legal form

Public limited company

Registered office

Avenue Louise 65 box 11
1050 Ixelles · BruxellesSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

10,7 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 46751Wholesale of chemical products 46851Wholesale trade, except of motor vehicles and motorcycles 51460Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Revenue	23,4 M €	+0.1%	23,4 M €	-1.1%	23,6 M €	+21.0%	19,5 M €	+15.2%	16,9 M €	-2.2%	17,3 M €	-7.4%	18,7 M €	+5.3%	17,8 M €	-3.8%	18,5 M €	-8.5%	20,2 M €
EBITDA	896,2 k €	-15.2%	1,1 M €	+6.1%	996,4 k €	+131%	431,9 k €	-3.1%	445,9 k €	+1.9%	437,7 k €	-1.6%	444,9 k €	+22.5%	363,3 k €	-70.6%	1,2 M €	+91.9%	643,1 k €
Operating result	884,5 k €	-15.7%	1 M €	+6.8%	981,9 k €	+125%	436,1 k €	-10.7%	488,5 k €	+7.4%	454,7 k €	-19.5%	564,7 k €	+78.4%	316,5 k €	-69.4%	1 M €	+488%	176,3 k €
Net result	738 k €	-26.0%	997 k €	+12.3%	887,9 k €	+206%	290 k €	-12.6%	331,9 k €	-1.2%	335,9 k €	-16.6%	402,6 k €	+154%	158,8 k €	-76.3%	670,7 k €	+793%	75,1 k €
Balance sheet
Equity	9 M €	0.0%	9 M €	0.0%	9 M €	0.0%	9 M €	0.0%	9 M €	0.0%	9 M €	0.0%	9 M €	0.0%	9 M €	+1.8%	8,8 M €	+8.2%	8,2 M €
Total assets	13,7 M €	+0.7%	13,6 M €	-11.2%	15,3 M €	+2.8%	14,9 M €	+15.0%	13 M €	+8.3%	12 M €	-13.7%	13,9 M €	-8.7%	15,2 M €	-0.4%	15,3 M €	+20.9%	12,6 M €
Cash	1,6 M €	-9.6%	1,7 M €	+22.0%	1,4 M €	-28.7%	2 M €	+9.6%	1,8 M €	+109%	864,7 k €	-37.7%	1,4 M €	-9.8%	1,5 M €	+37.8%	1,1 M €	-82.0%	6,2 M €
Debts	4,7 M €	+2.2%	4,6 M €	-27.1%	6,3 M €	+7.0%	5,9 M €	+48.9%	4 M €	+57.5%	2,5 M €	-43.0%	4,4 M €	-20.6%	5,6 M €	-3.8%	5,8 M €	+53.1%	3,8 M €
Other
Workforce	10,7 ETP	-5.3%	11,3 ETP	+4.6%	10,8 ETP	+5.9%	10,2 ETP	+6.2%	9,6 ETP	+9.1%	8,8 ETP	-1.1%	8,9 ETP	-1.1%	9,0 ETP	+20.0%	7,5 ETP	-29.2%	10,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/05/2026	16/05/2025	15/05/2024	10/05/2023	20/05/2022	14/05/2021
General meeting	13/05/2026	14/05/2025	08/05/2024	10/05/2023	11/05/2022	12/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	13/05/2026	18/05/2026	Dutch	PDF
Full model	31/12/2024	14/05/2025	16/05/2025	Dutch	PDF
Full model	31/12/2023	08/05/2024	15/05/2024	Dutch	PDF
Full model	31/12/2022	10/05/2023	10/05/2023	Dutch	PDF
Full model	31/12/2021	11/05/2022	20/05/2022	Dutch	PDF
Full model	31/12/2020	12/05/2021	14/05/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	08/05/2019	25/06/2019	Dutch	PDF
Full model	31/12/2017	20/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	10/05/2017	17/05/2017	Dutch	PDF
Full model	31/12/2015	11/05/2016	17/05/2016	Dutch	PDF
Full model	31/12/2014	13/05/2015	15/05/2015	Dutch	PDF
Full model	31/12/2013	16/07/2014	16/07/2014	Dutch	PDF
Full model	31/12/2012	17/06/2013	18/06/2013	Dutch	PDF
Full model	31/12/2011	28/06/2012	05/07/2012	Dutch	PDF
Full model	31/12/2010	15/06/2011	17/06/2011	Dutch	PDF
Full model	31/12/2009	26/05/2010	10/06/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	02/07/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	27/06/2008	Dutch	PDF
Full model	31/12/2006	06/07/2007	17/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other10/07/2026
—
PDF
Mandates23/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other10/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/05/2023
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025738 k €↓
2024
Annual accounts 2024997 k €↑
2023
Annual accounts 2023887,9 k €↑
2022
Annual accounts 2022290 k €↓
2021
Annual accounts 2021331,9 k €↓
2020
Annual accounts 2020335,9 k €↓
2019
Annual accounts 2019402,6 k €↑
2018
Annual accounts 2018158,8 k €↓
2017
Annual accounts 2017670,7 k €↑
2016
Annual accounts 201675,1 k €
28/02/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Lundbeck

Overview

What does Lundbeck do?

Trend over 10 financial years

Indicative valuation

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline