ACTIVE

GRUNENTHAL

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Financial year 2025 · Closed on 31/12/2025

Net result2,2 M €+59,3 %over 1 year
Revenue39,3 M €+2,0 %over 1 year
Equity5,1 M €+4,4 %over 1 year
Workforce28,8 ETP+24,1 %over 1 year

Identity

Source · BCE/KBO

GRUNENTHAL is a Public limited company incorporated in 1966. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Zaventem. It employs on average 28,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0403.085.874
Incorporation
12/10/1966
Legal form
Public limited company
Registered office
Lenneke Marelaan 8
1932 Zaventem · FlandreSee on map
Contributed capital
2 000 000,00 €
Latest accounts
31/12/2025
Average workforce
28,8 ETP
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 22 filings

Trend over 5 financial years

20252024202320222021
Income statement
Revenue39,3 M €38,5 M €33,8 M €22,7 M €22,3 M €
EBITDA2,8 M €1,9 M €1,7 M €1,6 M €1,4 M €
Operating result2,8 M €1,9 M €1,6 M €1,6 M €1,3 M €
Net result2,2 M €1,4 M €1,1 M €1,1 M €1,2 M €
Balance sheet
Equity5,1 M €4,9 M €3,5 M €6,4 M €5,3 M €
Total assets16,2 M €14 M €14,4 M €13,4 M €8,4 M €
Debts11,1 M €9,1 M €10,9 M €6,9 M €3 M €
Other
Workforce28,8 ETP23,2 ETP22,4 ETP22,3 ETP27,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

DirectorMandates in this companyPeriod
Laurence Verstappen
Managing director01/01/2025 → 31/12/2031
Cornelia Looije
Managing director10/12/2021 → 09/12/2027
Geert Bammens
Managing director10/12/2021 → 09/12/2027

Ended mandates

DirectorMandates in this companyPeriod
Carla Looye
Managing director10/12/2021 → 2023 accounts
Yann Omer
Managing director10/12/2021 → 2023 accounts
Jean-Christophe Lemaistre
Managing director01/10/2019 → 10/12/2021

Other companies at this address

Lenneke Marelaan 8 1932 Zaventem
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0809.401.751
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0472.283.595
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0882.831.147
GELDHOF ENTERPRISES● Active
0474.301.888
IMAGIA● Active
0456.381.634
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0690.964.652
OJH SERVICES● Active
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SIMIM Société de l'Industrie Musicale - Muziekindustrie Maatschappij● Active
0455.701.446
TERREPOWER● Active
0805.698.529
TROD MEDICAL● Active
0536.848.874
VALUE FOR GROWTH● Active
0474.653.365
VESALIUS BIOCAPITAL ARKIV● Liquidation
0894.571.018
Vesalius Biocapital II ARKIV● Liquidation
0838.376.938

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/07/202616/07/202511/07/202530/06/202310/07/202302/07/2021
General meeting30/06/202625/06/202525/06/202515/05/202316/05/202215/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202610/07/2026DutchPDF
Full model31/12/202425/06/202516/07/2025DutchPDF
Full modelCorrection31/12/202325/06/202511/07/2025DutchPDF
Full model31/12/202315/05/202429/05/2024DutchPDF
Full model31/12/202215/05/202330/06/2023DutchPDF
Full modelCorrection31/12/202116/05/202210/07/2023DutchPDF
Full model31/12/202116/05/202209/06/2022DutchPDF
Full model31/12/202015/05/202102/07/2021DutchPDF
Full model31/12/201915/05/202018/06/2020DutchPDF
Full model31/12/201815/05/201926/06/2019DutchPDF
Full model31/12/201715/05/201820/06/2018DutchPDF
Full model31/12/201615/05/201712/07/2017DutchPDF
Full model31/12/201517/05/201630/05/2016DutchPDF
Full model31/12/201415/05/201519/06/2015DutchPDF
Full model31/12/201315/05/201410/06/2014DutchPDF
Full model31/12/201215/06/201321/06/2013DutchPDF
Full model31/12/201115/05/201202/07/2012DutchPDF
Full model31/12/201016/05/201107/07/2011DutchPDF
Full model31/12/200915/05/201001/06/2010DutchPDF
Full model31/12/200815/05/200917/06/2009DutchPDF
Full model31/12/200715/05/200809/06/2008DutchPDF
Full model31/12/200615/05/200723/05/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

DirectorMandates in this companyPeriod
Laurence Verstappen
Managing director01/01/2025 → 31/12/2031
Cornelia Looije
Managing director10/12/2021 → 09/12/2027
Geert Bammens
Managing director10/12/2021 → 09/12/2027

Ended mandates

DirectorMandates in this companyPeriod
Carla Looye
Managing director10/12/2021 → 2023 accounts
Yann Omer
Managing director10/12/2021 → 2023 accounts
Jean-Christophe Lemaistre
Managing director01/10/2019 → 10/12/2021

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates12/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other19/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates29/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings5 filings
Mandates
Laurence Verstappen
Cornelia Looije
Geert Bammens
Yann Omer
Carla Looye
Jean-Christophe Lemaistre
Jan-Uwe Claas
196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031
GRUNENTHAL
Lenneke Marelaan 8, 1932 Sint-Stevens-Woluwe
Managing director
Managing director
Managing director
Managing director
Managing director
Managing director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Lenneke Marelaan 8, 1932 Sint-Stevens-WoluweCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00295785

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
GRUNENTHALCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00295785

Events

  1. 2025
    Annual accounts 20252,2 M €↑
  2. 2024
    Annual accounts 20241,4 M €↑
  3. 2023
    Annual accounts 20231,1 M €↓
  4. 2022
    Annual accounts 20221,1 M €↓
  5. 2021
    Annual accounts 20211,2 M €
  6. 12/10/1966
    IncorporationPublic limited company