ACTIVE

GRUNENTHAL

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Financial year 2025 · closed on 31/12/2025
Net result
2,2 M €
+59.3% YoY
Revenue
39,3 M €
+2.0% YoY
Equity
5,1 M €
+4.4% YoY
Workforce
28,8 ETP
+24.1% YoY

What does GRUNENTHAL do?

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
Activities (NACE)
46460Wholesale of pharmaceutical goods· main46460Wholesale of pharmaceutical goods51460Air transport
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

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
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

Laurence Verstappen

Managing director · since 01 janvier 2025 · until 31 décembre 2031

Active
Cornelia Looije

Managing director · since 10 décembre 2021 · until 09 décembre 2027

Active
Geert Bammens

Managing director · since 10 décembre 2021 · until 09 décembre 2027

Active

Ended mandates

Carla Looye

Managing director · since 10 décembre 2021 · until 09 décembre 2027

Ended
Yann Omer

Managing director · since 10 décembre 2021 · until 31 mars 2024

Ended
Yann Omer

Managing director · since 10 décembre 2021 · until 09 décembre 2027

Ended
Jean-Christophe Lemaistre

Managing director · since 01 octobre 2019 · until 10 décembre 2021

Ended
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Annual accounts

Full financial information

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
Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

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
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

Laurence Verstappen

Managing director · since 01 janvier 2025 · until 31 décembre 2031

Active
Cornelia Looije

Managing director · since 10 décembre 2021 · until 09 décembre 2027

Active
Geert Bammens

Managing director · since 10 décembre 2021 · until 09 décembre 2027

Active

Ended mandates

Carla Looye

Managing director · since 10 décembre 2021 · until 09 décembre 2027

Ended
Yann Omer

Managing director · since 10 décembre 2021 · until 31 mars 2024

Ended
Yann Omer

Managing director · since 10 décembre 2021 · until 09 décembre 2027

Ended
Jean-Christophe Lemaistre

Managing director · since 01 octobre 2019 · until 10 décembre 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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

Timeline

  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