ACTIVE

EUMEDICA

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Financial year 2025 · closed on 31/12/2025

Net result

7,2 M €

+23.0% YoY

Revenue

81,2 M €

+2.8% YoY

Equity

26,3 M €

+19.8% YoY

Workforce

155,6 ETP

+7.2% YoY

What does EUMEDICA do?

EUMEDICA is a Public limited company incorporated in 1951. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Manage. It employs on average 155,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.057.665

Incorporation

01/01/1951

Legal form

Public limited company

Registered office

Chemin de la Nauwelette 1
7170 Manage · WallonieSee on map

Contributed capital

734 975,50 €

Latest accounts

31/12/2025

Average workforce

155,6 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 51460Air transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	81,2 M €	+2.8%	79 M €	+15.0%	68,7 M €	+9.5%	62,7 M €	-19.4%	77,9 M €	+1.7%	76,5 M €	+0.5%	76,2 M €	+4.6%	72,8 M €	+1.5%	71,7 M €	-7.4%	77,4 M €	+4.1%	74,3 M €	+9.3%	68 M €	+8.4%	62,8 M €	+1.8%	61,7 M €	+11.5%	55,3 M €	-0.2%	55,4 M €	-3.3%	57,3 M €	+29.0%	44,4 M €	+12.3%	39,6 M €	+11.5%	35,5 M €
EBITDA	12,2 M €	+22.3%	9,9 M €	+18.7%	8,4 M €	+190%	2,9 M €	+32.1%	2,2 M €	+10.9%	2 M €	-32.5%	2,9 M €	-13.6%	3,4 M €	-19.0%	4,2 M €	+33.9%	3,1 M €	+32.8%	2,3 M €	-9.5%	2,6 M €	+15.4%	2,2 M €	-31.8%	3,3 M €	+73.3%	1,9 M €	-9.3%	2,1 M €	+13.1%	1,9 M €	-11.5%	2,1 M €	+51.9%	1,4 M €	+10653%	12,8 k €
Operating result	10 M €	+28.8%	7,8 M €	+31.6%	5,9 M €	+451%	1,1 M €	+78.7%	598,1 k €	+145%	244,5 k €	-79.6%	1,2 M €	-31.0%	1,7 M €	-27.4%	2,4 M €	+97.3%	1,2 M €	+401%	242,3 k €	-35.7%	376,9 k €	-21.6%	480,7 k €	-77.2%	2,1 M €	+142%	869,9 k €	-18.3%	1,1 M €	+39.8%	761,4 k €	-55.5%	1,7 M €	+160%	656,9 k €	+231%	-499,9 k €
Net result	7,2 M €	+23.0%	5,8 M €	+34.2%	4,3 M €	+724%	526,9 k €	-7.1%	567,2 k €	+293%	144,4 k €	-81.7%	787,4 k €	-41.6%	1,3 M €	-7.6%	1,5 M €	+143%	599 k €	-6.1%	637,9 k €	+79.1%	356,2 k €	-24.1%	469,5 k €	-64.9%	1,3 M €	+163%	509,2 k €	-10.7%	570 k €	+117%	263,2 k €	-73.7%	1 M €	+89.7%	528,2 k €	+220%	-441,8 k €
Balance sheet
Equity	26,3 M €	+19.8%	22 M €	+25.3%	17,5 M €	+23.6%	14,2 M €	+2.4%	13,8 M €	+2.7%	13,5 M €	-0.6%	13,6 M €	+4.0%	13 M €	+9.2%	11,9 M €	+11.0%	10,8 M €	+2.8%	10,5 M €	+2.8%	10,2 M €	+1.2%	10,1 M €	+35.1%	7,5 M €	+31.6%	5,7 M €	+7.9%	5,3 M €	+9.7%	4,8 M €	+3.2%	4,6 M €	+93.7%	2,4 M €	+26.8%	1,9 M €
Total assets	61,2 M €	+17.3%	52,2 M €	+10.9%	47,1 M €	+8.9%	43,2 M €	+9.2%	39,6 M €	+6.6%	37,1 M €	-4.7%	39 M €	+5.9%	36,8 M €	+4.0%	35,4 M €	-9.5%	39,1 M €	-17.2%	47,2 M €	+16.5%	40,5 M €	+0.7%	40,2 M €	+22.3%	32,9 M €	+24.4%	26,4 M €	-3.4%	27,4 M €	-2.4%	28 M €	+6.5%	26,3 M €	+37.5%	19,1 M €	+33.5%	14,3 M €
Cash	14,8 M €	+86.1%	8 M €	+18.7%	6,7 M €	+130%	2,9 M €	+19.5%	2,4 M €	-59.6%	6,1 M €	-14.2%	7,1 M €	-17.0%	8,5 M €	+61.5%	5,3 M €	-10.6%	5,9 M €	+7.7%	5,5 M €	+112%	2,6 M €	+47.8%	1,7 M €	-32.9%	2,6 M €	-4.9%	2,7 M €	-12.4%	3,1 M €	+96.5%	1,6 M €	+3.9%	1,5 M €	+4.2%	1,5 M €	+234%	438,7 k €
Debts	34 M €	+15.8%	29,4 M €	+1.9%	28,8 M €	+2.4%	28,1 M €	+14.3%	24,6 M €	+11.1%	22,2 M €	-6.9%	23,8 M €	+5.0%	22,7 M €	+1.8%	22,3 M €	-19.3%	27,6 M €	-23.6%	36,1 M €	+21.5%	29,7 M €	+0.4%	29,6 M €	+19.4%	24,8 M €	+22.8%	20,2 M €	-6.2%	21,5 M €	-2.1%	22 M €	+5.9%	20,8 M €	+30.2%	16 M €	+37.3%	11,6 M €
Other
Workforce	155,6 ETP	+7.2%	145,1 ETP	+11.8%	129,8 ETP	+5.7%	122,8 ETP	-3.0%	126,6 ETP	-2.9%	130,4 ETP	+14.2%	114,2 ETP	+11.5%	102,4 ETP	-2.8%	105,3 ETP	+16.0%	90,8 ETP	-3.5%	94,1 ETP	+0.9%	93,3 ETP	+14.5%	81,5 ETP	+15.9%	70,3 ETP	+20.0%	58,6 ETP	+16.5%	50,3 ETP	+6.6%	47,2 ETP	+12.1%	42,1 ETP	+8.2%	38,9 ETP	+5.1%	37,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

Denis PICHEL

Director · since 13 juin 2023 · until 13 juin 2028

Active

Sébastien VAN DE VELDE

Director · since 13 juin 2023 · until 13 juin 2028

Active

INVESTPHAR HOLDING LUXEMBOURG S.A.

Managing director · since 14 juin 2022 · until 13 juin 2028

Represented by Jacques MERCKX

Active

Ended mandates

Denis PICHEL

Director · since 13 juin 2023

Ended

Sébastien VAN DE VELDE

Director · since 13 juin 2023

Ended

Béatrice OLIVIER

Director · since 14 juin 2022 · until 11 juin 2024

Ended

Béatrice OLIVIER

Director · since 14 juin 2022 · until 13 juin 2028

Ended

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	15/07/2026	16/07/2025	23/08/2024	09/08/2023	24/11/2022	30/08/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	10/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	09/06/2026	15/07/2026	French	PDF
Full model	31/12/2024	10/06/2025	16/07/2025	French	PDF
Full model	31/12/2023	11/06/2024	23/08/2024	French	PDF
Full model	31/12/2022	13/06/2023	09/08/2023	French	PDF
Full modelCorrection	31/12/2021	14/06/2022	24/11/2022	French	PDF
Full model	31/12/2021	14/06/2022	14/09/2022	French	PDF
Full model	31/12/2020	10/06/2021	30/08/2021	French	PDF
Full model	31/12/2019	11/06/2020	03/09/2020	French	PDF
Full model	31/12/2018	19/06/2019	08/08/2019	French	PDF
Full model	31/12/2017	12/06/2018	14/08/2018	French	PDF
Full model	31/12/2016	28/06/2017	03/08/2017	French	PDF
Full model	31/12/2015	24/08/2016	30/08/2016	French	PDF
Full model	31/12/2014	15/06/2015	25/08/2015	French	PDF
Full model	31/12/2013	05/06/2014	29/08/2014	French	PDF
Full model	31/12/2012	30/07/2013	30/08/2013	French	PDF
Full model	31/12/2011	04/07/2012	31/08/2012	French	PDF
Full model	31/12/2010	20/05/2011	26/08/2011	French	PDF
Full model	31/12/2009	31/05/2010	30/06/2010	French	PDF
Full model	31/12/2008	15/06/2009	29/07/2009	French	PDF
Full model	31/12/2007	06/06/2008	31/07/2008	French	PDF
Full model	31/12/2006	29/06/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

Denis PICHEL

Director · since 13 juin 2023 · until 13 juin 2028

Active

Sébastien VAN DE VELDE

Director · since 13 juin 2023 · until 13 juin 2028

Active

INVESTPHAR HOLDING LUXEMBOURG S.A.

Managing director · since 14 juin 2022 · until 13 juin 2028

Represented by Jacques MERCKX

Active

Ended mandates

Denis PICHEL

Director · since 13 juin 2023

Ended

Sébastien VAN DE VELDE

Director · since 13 juin 2023

Ended

Béatrice OLIVIER

Director · since 14 juin 2022 · until 11 juin 2024

Ended

Béatrice OLIVIER

Director · since 14 juin 2022 · until 13 juin 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/03/2026
DEMISSIONS, NOMINATIONS
PDF
Registered office03/11/2025
SIEGE SOCIAL
PDF
Mandates21/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates21/02/2022
DEMISSIONS, NOMINATIONS
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 20257,2 M €↑
11/06/2025
reconductionBMS & C° SRL — Commissaire aux comptes
24/01/2025
nominationDenis Pichel — délégué conjoint à la gestion journalière
24/01/2025
nominationSébastien Van de Velde — délégué conjoint à la gestion journalière
2024
Annual accounts 20245,8 M €↑
2023
Annual accounts 20234,3 M €↑
13/06/2023
nominationSébastien Van de Velde — administrateur
13/06/2023
nominationDenis Pichel — administrateur
13/06/2023
nominationSébastien Van de Velde — Administrateur
13/06/2023
nominationDenis Pichel — Administrateur
2022
Annual accounts 2022526,9 k €↓
14/06/2022
reconductionBéatrice Olivier — Administrateur
14/06/2022
reconductionJacques Merckx — Administrateur, Administrateur-délégué et Président du Conseil d'Administration
20/04/2022
nominationSébastien VAN DE VELDE — Directeur Exécutif Medico-Marketing
20/04/2022
nominationDenis PICHEL — Directeur Exécutif Logistique
2021
Annual accounts 2021567,2 k €↑
2020
Annual accounts 2020144,4 k €↓
2019
Annual accounts 2019787,4 k €↓
2018
Annual accounts 20181,3 M €↓
2017
Annual accounts 20171,5 M €↑
2016
Annual accounts 2016599 k €↓
2015
Annual accounts 2015637,9 k €↑
2014
Annual accounts 2014356,2 k €↓
2013
Annual accounts 2013469,5 k €↓
2012
Annual accounts 20121,3 M €↑
2011
Annual accounts 2011509,2 k €↓
2010
Annual accounts 2010570 k €↑
2009
Annual accounts 2009263,2 k €↓
2008
Annual accounts 20081 M €↑
2007
Annual accounts 2007528,2 k €↑
2006
Annual accounts 2006-441,8 k €
01/01/1951
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

EUMEDICA

Overview

What does EUMEDICA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline