ACTIVE

KING BELGIUM

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Financial year 2025 · closed on 31/12/2025
Net result
4,9 M €
+1354.6% YoY
Revenue
56,4 M €
-8.1% YoY
Equity
29,1 M €
-15.7% YoY
Workforce
77,6 ETP
-0.8% YoY

What does KING BELGIUM do?

KING BELGIUM is a Public limited company incorporated in 1933. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Rixensart. It employs on average 77,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0403.542.170
Incorporation
10/02/1933
Legal form
Public limited company
Registered office
Rue du Cerf 188 box A
1332 Rixensart · WallonieSee on map
Contributed capital
27 377 696,06 €
Latest accounts
31/12/2025
Average workforce
77,6 ETP
Activities (NACE)
46460Wholesale of pharmaceutical goods· main46460Wholesale of pharmaceutical goods46649Wholesale of machinery for the textile industry and of sewing and knitting machines46699Wholesale of other machinery and equipment46869Wholesale trade, except of motor vehicles and motorcycles46499Wholesale of other household goods+1
Joint committees (2)
  • 116
  • 207
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072007
Income statement
Revenue56,4 M €61,3 M €59,1 M €54,7 M €45,4 M €60,1 M €46,8 M €44,3 M €42,6 M €42,1 M €40,4 M €37,9 M €36,3 M €35 M €34,8 M €34 M €34,5 M €34,6 M €20 M €28,8 M €
EBITDA5,3 M €5,6 M €5,6 M €4,1 M €2,7 M €7,4 M €3,7 M €3,1 M €3,6 M €3,8 M €3,4 M €3,3 M €3,1 M €2,9 M €2,8 M €3,3 M €3,3 M €2,3 M €1,2 M €934 k €
Operating result5,2 M €5,5 M €5,5 M €4,3 M €2,6 M €6,8 M €3,6 M €3,1 M €3,5 M €3,7 M €3,3 M €3,2 M €2,9 M €2,6 M €2,5 M €3,1 M €2,9 M €1,9 M €1 M €755,1 k €
Net result4,9 M €333,8 k €3,8 M €3,7 M €1,1 M €5 M €2,6 M €2,2 M €2,4 M €2,6 M €2,4 M €2,4 M €2,3 M €2,2 M €2,1 M €2,5 M €2,5 M €8 M €730,7 k €7,1 M €
Balance sheet
Equity29,1 M €34,5 M €39,5 M €15,7 M €12 M €10,9 M €10,8 M €8,2 M €8,2 M €40 M €37,4 M €35 M €32,6 M €30,3 M €28,1 M €26 M €23,5 M €21 M €10,1 M €9,4 M €
Total assets72,2 M €63,1 M €67,9 M €77,9 M €80,9 M €30,7 M €23,2 M €22,2 M €21,3 M €50,1 M €48,3 M €45,6 M €41,5 M €38,5 M €36,5 M €33,4 M €30,9 M €28,1 M €36,6 M €38,7 M €
Cash1 M €8,6 M €7,7 M €8,2 M €10,2 M €8,5 M €5,8 M €5,7 M €8,6 M €4 M €4,4 M €5,3 M €3,7 M €796,5 k €728,1 k €850,8 k €606,4 k €1,2 M €726,4 k €246,5 k €
Debts40,1 M €25,7 M €25,8 M €60,2 M €66,8 M €18,4 M €11,2 M €12,7 M €12,1 M €9,2 M €9,7 M €9,7 M €8,3 M €7,6 M €7,8 M €6,9 M €6,8 M €6,6 M €25,9 M €28,5 M €
Other
Workforce77,6 ETP78,2 ETP78,7 ETP75,8 ETP80,8 ETP81,3 ETP81,7 ETP79,8 ETP77,3 ETP75,1 ETP73,7 ETP71,3 ETP74,8 ETP74,0 ETP74,9 ETP75,6 ETP78,0 ETP77,6 ETP72,3 ETP73,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 24 ended

Active mandates

Alberto Grau Garcia-Teran

Director · since 22 octobre 2024 · until 03 juin 2030

Active
George Tarratt

Director · since 22 octobre 2024 · until 03 juin 2030

Active
Werner Meuleman

Managing director · since 22 octobre 2024 · until 31 août 2026

Active

Ended mandates

Werner Meuleman

Managing director · since 22 octobre 2024 · until 03 juin 2030

Ended
George Tarratt

Director · since 01 janvier 2022 · until 03 juin 2024

Ended
Alberto Grau Garcia-Teran

Director · since 01 septembre 2018 · until 03 juin 2024

Ended
Paul Budge

Director · since 04 juin 2018 · until 01 septembre 2018

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 date16/07/202606/06/202510/06/202423/06/202329/06/202229/06/2021
General meeting01/06/202602/06/202503/06/202405/06/202306/06/202207/06/2021
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

26 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202501/06/202616/07/2026FrenchPDF
Full model31/12/202402/06/202506/06/2025FrenchPDF
Consolidated accounts31/12/202423/04/202529/07/2025FrenchPDF
Full model31/12/202303/06/202410/06/2024FrenchPDF
Consolidated accounts31/12/202326/02/202404/07/2024FrenchPDF
Full model31/12/202205/06/202323/06/2023FrenchPDF
Consolidated accounts31/12/202227/02/202302/08/2023FrenchPDF
Full model31/12/202106/06/202229/06/2022FrenchPDF
Consolidated accounts31/12/202128/02/202202/08/2023FrenchPDF
Full model31/12/202007/06/202129/06/2021FrenchPDF
Full model31/12/201902/06/202014/07/2020FrenchPDF
Full model31/12/201803/06/201901/07/2019FrenchPDF
Full model31/12/201704/06/201828/06/2018FrenchPDF
Full model31/12/201606/06/201723/06/2017FrenchPDF
Full model31/12/201506/06/201625/07/2016FrenchPDF
Full model31/12/201401/06/201509/07/2015FrenchPDF
Full model31/12/201329/04/201428/05/2014FrenchPDF
Full modelCorrection31/12/201203/06/201317/01/2014FrenchPDF
Full model31/12/201203/06/201313/08/2013FrenchPDF
Full model31/12/201104/06/201208/06/2012FrenchPDF
Full modelCorrection31/12/201006/06/201127/10/2011FrenchPDF
Full model31/12/201006/06/201129/06/2011FrenchPDF
Full model31/12/200907/06/201007/06/2010FrenchPDF
Full model31/12/200824/06/200925/06/2009FrenchPDF

View all 26 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 24 ended

Active mandates

Alberto Grau Garcia-Teran

Director · since 22 octobre 2024 · until 03 juin 2030

Active
George Tarratt

Director · since 22 octobre 2024 · until 03 juin 2030

Active
Werner Meuleman

Managing director · since 22 octobre 2024 · until 31 août 2026

Active

Ended mandates

Werner Meuleman

Managing director · since 22 octobre 2024 · until 03 juin 2030

Ended
George Tarratt

Director · since 01 janvier 2022 · until 03 juin 2024

Ended
Alberto Grau Garcia-Teran

Director · since 01 septembre 2018 · until 03 juin 2024

Ended
Paul Budge

Director · since 04 juin 2018 · until 01 septembre 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/09/2026
    démission, nominations, pouvoirs de gestion
    PDF
  • Mandates23/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/05/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares10/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - KAPITAAL - AANDELEN
    PDF
  • Mandates10/11/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - CAPITAL, ACTIONS
    PDF
  • Registered office02/10/2023
    SIEGE SOCIAL
    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 20254,9 M €↑
  2. 01/07/2025
    nominationArnaud Gain — commissaire
  3. 2024
    Annual accounts 2024333,8 k €↓
  4. 22/10/2024
    reconductionGRAU GARCIA-TERAN Alberto — administrateur
  5. 22/10/2024
    reconductionMEULEMAN Werner — administrateur
  6. 22/10/2024
    reconductionTARRATT George — administrateur
  7. 03/06/2024
    nominationAlexis Van Bavel — commissaire
  8. 09/01/2024
    nominationMieke Van Leeuwe — commissaire
  9. 2023
    Annual accounts 20233,8 M €↑
  10. 2022
    Annual accounts 20223,7 M €↑
  11. 2021
    Annual accounts 20211,1 M €↓
  12. 2020
    Annual accounts 20205 M €↑
  13. 2019
    Annual accounts 20192,6 M €↑
  14. 2018
    Annual accounts 20182,2 M €↓
  15. 2017
    Annual accounts 20172,4 M €↓
  16. 2016
    Annual accounts 20162,6 M €↑
  17. 2015
    Annual accounts 20152,4 M €↓
  18. 2014
    Annual accounts 20142,4 M €↑
  19. 2013
    Annual accounts 20132,3 M €↑
  20. 2012
    Annual accounts 20122,2 M €↑
  21. 2011
    Annual accounts 20112,1 M €↓
  22. 2010
    Annual accounts 20102,5 M €↓
  23. 2009
    Annual accounts 20092,5 M €↓
  24. 2008
    Annual accounts 20088 M €↑
  25. 2007
    Annual accounts 2007730,7 k €↓
  26. 2007
    Annual accounts 20077,1 M €
  27. 10/02/1933
    IncorporationPublic limited company