ACTIVE

KING BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result

4,9 M €

+1 354,6 %over 1 year

Revenue

56,4 M €

-8,1 %over 1 year

Equity

29,1 M €

-15,7 %over 1 year

Workforce

77,6 ETP

-0,8 %over 1 year

Identity

Source · BCE/KBO

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· main 46460Wholesale of pharmaceutical goods 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 46869Wholesale trade, except of motor vehicles and motorcycles 46499Wholesale of other household goods+1

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 26 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	56,4 M €	-8.1%	61,3 M €	+3.7%	59,1 M €	+8.0%	54,7 M €	+20.4%	45,4 M €
EBITDA	5,3 M €	-6.5%	5,6 M €	-0.1%	5,6 M €	+37.8%	4,1 M €	+51.1%	2,7 M €
Operating result	5,2 M €	-6.2%	5,5 M €	+0.5%	5,5 M €	+27.1%	4,3 M €	+66.1%	2,6 M €
Net result	4,9 M €	+1355%	333,8 k €	-91.3%	3,8 M €	+4.7%	3,7 M €	+220%	1,1 M €
Balance sheet
Equity	29,1 M €	-15.7%	34,5 M €	-12.6%	39,5 M €	+152%	15,7 M €	+30.5%	12 M €
Total assets	72,2 M €	+14.3%	63,1 M €	-7.0%	67,9 M €	-12.9%	77,9 M €	-3.7%	80,9 M €
Cash	1 M €	-88.3%	8,6 M €	+11.1%	7,7 M €	-5.6%	8,2 M €	-20.0%	10,2 M €
Debts	40,1 M €	+55.9%	25,7 M €	-0.2%	25,8 M €	-57.2%	60,2 M €	-10.0%	66,8 M €
Other
Workforce	77,6 ETP	-0.8%	78,2 ETP	-0.6%	78,7 ETP	+3.8%	75,8 ETP	-6.2%	80,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 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

Other companies at this address

Rue du Cerf 188 1332 Rixensart

Company	CBE no.
ENTRE store et tenture● Active	0849.580.240
LIGHTMOTIVE● Active	0833.878.019
LOGO DESIGN● Active	0446.155.359
SD MANAGEMENT SERVICES● Active	0777.339.786
vdm investments● Active	0893.553.508

Full financial information

Source · NBB

	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	16/07/2026	06/06/2025	10/06/2024	23/06/2023	29/06/2022	29/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 26 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	16/07/2026	French	PDF
Full model	31/12/2024	02/06/2025	06/06/2025	French	PDF
Consolidated accounts	31/12/2024	23/04/2025	29/07/2025	French	PDF
Full model	31/12/2023	03/06/2024	10/06/2024	French	PDF
Consolidated accounts	31/12/2023	26/02/2024	04/07/2024	French	PDF
Full model	31/12/2022	05/06/2023	23/06/2023	French	PDF
Consolidated accounts	31/12/2022	27/02/2023	02/08/2023	French	PDF
Full model	31/12/2021	06/06/2022	29/06/2022	French	PDF
Consolidated accounts	31/12/2021	28/02/2022	02/08/2023	French	PDF
Full model	31/12/2020	07/06/2021	29/06/2021	French	PDF
Full model	31/12/2019	02/06/2020	14/07/2020	French	PDF
Full model	31/12/2018	03/06/2019	01/07/2019	French	PDF
Full model	31/12/2017	04/06/2018	28/06/2018	French	PDF
Full model	31/12/2016	06/06/2017	23/06/2017	French	PDF
Full model	31/12/2015	06/06/2016	25/07/2016	French	PDF
Full model	31/12/2014	01/06/2015	09/07/2015	French	PDF
Full model	31/12/2013	29/04/2014	28/05/2014	French	PDF
Full modelCorrection	31/12/2012	03/06/2013	17/01/2014	French	PDF
Full model	31/12/2012	03/06/2013	13/08/2013	French	PDF
Full model	31/12/2011	04/06/2012	08/06/2012	French	PDF
Full modelCorrection	31/12/2010	06/06/2011	27/10/2011	French	PDF
Full model	31/12/2010	06/06/2011	29/06/2011	French	PDF
Full model	31/12/2009	07/06/2010	07/06/2010	French	PDF
Full model	31/12/2008	24/06/2009	25/06/2009	French	PDF

View all 26 filings

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.

Board of directors

Source · NBB, accounts to 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

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20254,9 M €↑
01/07/2025
nominationArnaud Gain — commissaire
2024
Annual accounts 2024333,8 k €↓
22/10/2024
reconductionGRAU GARCIA-TERAN Alberto — administrateur
22/10/2024
reconductionMEULEMAN Werner — administrateur
22/10/2024
reconductionTARRATT George — administrateur
03/06/2024
nominationAlexis Van Bavel — commissaire
09/01/2024
nominationMieke Van Leeuwe — commissaire
2023
Annual accounts 20233,8 M €↑
2022
Annual accounts 20223,7 M €↑
2021
Annual accounts 20211,1 M €↓
2020
Annual accounts 20205 M €↑
2019
Annual accounts 20192,6 M €↑
2018
Annual accounts 20182,2 M €↓
2017
Annual accounts 20172,4 M €↓
2016
Annual accounts 20162,6 M €↑
2015
Annual accounts 20152,4 M €↓
2014
Annual accounts 20142,4 M €↑
2013
Annual accounts 20132,3 M €↑
2012
Annual accounts 20122,2 M €↑
2011
Annual accounts 20112,1 M €↓
2010
Annual accounts 20102,5 M €↓
2009
Annual accounts 20092,5 M €↓
2008
Annual accounts 20088 M €↑
2007
Annual accounts 2007730,7 k €↓
2007
Annual accounts 20077,1 M €
10/02/1933
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

KING BELGIUM

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline