ACTIVE

V.M.D.

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
545,8 k €
+102.1% YoY
Revenue
40,6 M €
+16.2% YoY
Equity
2,7 M €
+127.8% YoY
Workforce
50,5 ETP
+6.1% YoY

What does V.M.D. do?

V.M.D. is a Public limited company incorporated in 1973. Its main activity is: Manufacture of pharmaceutical preparations. Its registered office is in Arendonk. It employs on average 50,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0413.622.648
Incorporation
30/11/1973
Legal form
Public limited company
Registered office
Hoge Mauw 900
2370 Arendonk · FlandreSee on map
Contributed capital
768 600,00 €
Latest accounts
31/12/2025
Average workforce
50,5 ETP
Activities (NACE)
21201Manufacture of pharmaceutical preparations· main21201Manufacture of pharmaceutical preparations24421Aluminium production46460Wholesale of pharmaceutical goods46460Wholesale of pharmaceutical goods51460Air transport+2
Joint committees (2)
  • 116
  • 207
Contacts
1 public detail availableLog in to view
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320212020201920182017201620152014201320122011201020092008
Income statement
Revenue40,6 M €35 M €28,9 M €36,4 M €34 M €26,5 M €25,9 M €25,3 M €24 M €26,3 M €23 M €19,9 M €21,3 M €19,5 M €19,3 M €18,4 M €18,2 M €
EBITDA2,7 M €2,7 M €-6,8 M €4 M €3,9 M €1,3 M €2,2 M €2,4 M €2,3 M €2,5 M €2,5 M €2 M €1,8 M €2,1 M €1,8 M €2,4 M €1,7 M €
Operating result2 M €2,6 M €-8,7 M €3 M €2,8 M €586,4 k €1,4 M €1,7 M €1,6 M €1,8 M €1,9 M €1,5 M €1,5 M €1,8 M €1,5 M €2,1 M €1,5 M €
Net result545,8 k €-25,8 M €-9,6 M €1,6 M €1,6 M €-70 k €1,4 M €9,5 M €1,5 M €1,5 M €1,1 M €1,3 M €766 k €1,2 M €963,1 k €1,6 M €1,6 M €
Balance sheet
Equity2,7 M €-9,8 M €15,9 M €26,7 M €25,8 M €24,7 M €24,8 M €24,4 M €15,7 M €15,3 M €13,8 M €12,7 M €11,4 M €10,6 M €9,4 M €8,4 M €6,9 M €
Total assets28,5 M €28,4 M €53,4 M €52,2 M €47,5 M €49,8 M €48,2 M €43,3 M €37 M €38,1 M €35,6 M €34,2 M €35,2 M €32,6 M €33,6 M €33,1 M €31,6 M €
Cash3,1 M €7,3 M €2 M €30,3 k €34,7 k €33,4 k €36,8 k €876,5 k €571,6 k €794,5 k €846,4 k €934,8 k €690,3 k €626,3 k €346,7 k €1,3 M €392,9 k €
Debts24,7 M €37,7 M €37 M €24,2 M €20,2 M €23,3 M €22,9 M €18,6 M €20,8 M €22,3 M €20,9 M €19,9 M €22,3 M €20,6 M €23 M €23,7 M €23,9 M €
Other
Workforce50,5 ETP47,6 ETP48,9 ETP43,0 ETP39,3 ETP38,6 ETP38,5 ETP35,3 ETP34,5 ETP32,3 ETP30,1 ETP31,3 ETP29,4 ETP30,1 ETP29,2 ETP32,8 ETP37,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 68 ended

Active mandates

Mikko Kemppainen

Director · since 29 avril 2025 · until 09 mai 2031

Active
Niclas Lindstedt

Director · since 29 avril 2025 · until 09 mai 2031

Active
René Lindell

Director · since 29 avril 2025 · until 09 mai 2031

Active

Ended mandates

Niclas Lindstedt

Director · since 19 avril 2024 · until 09 mai 2025

Ended
René Lindell

Director · since 19 avril 2024 · until 09 mai 2025

Ended
Jari Karlson

Director · since 15 juin 2022 · until 19 avril 2024

Ended
Olli Huotari

Director · since 15 juin 2022 · until 29 avril 2025

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelConsolidated accountsFull modelConsolidated accounts
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 date27/05/202622/10/202529/07/202407/09/202324/06/202214/07/2021
General meeting08/05/202613/06/202528/06/202422/03/202303/06/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

38 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/05/202627/05/2026DutchPDF
Full modelCorrection31/12/202413/06/202522/10/2025DutchPDF
Full model31/12/202413/06/202517/06/2025DutchPDF
Consolidated accounts31/12/202403/04/202526/06/2025DutchPDF
Full model31/12/202328/06/202429/07/2024DutchPDF
Consolidated accounts31/12/202320/03/202427/08/2024DutchPDF
Full model31/12/202228/08/202330/08/2023DutchPDF
Consolidated accounts31/12/202222/03/202307/09/2023DutchPDF
Full model31/12/202103/06/202224/06/2022DutchPDF
Consolidated accounts31/12/202103/06/202224/06/2022DutchPDF
Full model31/12/202002/06/202113/07/2021DutchPDF
Consolidated accounts31/12/202002/06/202114/07/2021DutchPDF
Full model31/12/201903/06/202022/06/2020DutchPDF
Consolidated accounts31/12/201903/06/202023/06/2020DutchPDF
Full model31/12/201811/06/201914/06/2019DutchPDF
Consolidated accounts31/12/201801/01/999914/06/2019DutchPDF
Full model31/12/201706/06/201809/07/2018DutchPDF
Consolidated accounts31/12/201706/06/201809/07/2018DutchPDF
Full model31/12/201612/05/201727/06/2017DutchPDF
Consolidated accounts31/12/201612/05/201727/06/2017DutchPDF
Full model31/12/201513/05/201607/06/2016DutchPDF
Consolidated accounts31/12/201513/05/201620/06/2016DutchPDF
Full model31/12/201408/05/201508/06/2015DutchPDF
Consolidated accounts31/12/201408/05/201520/06/2016DutchPDF

View all 38 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 68 ended

Active mandates

Mikko Kemppainen

Director · since 29 avril 2025 · until 09 mai 2031

Active
Niclas Lindstedt

Director · since 29 avril 2025 · until 09 mai 2031

Active
René Lindell

Director · since 29 avril 2025 · until 09 mai 2031

Active

Ended mandates

Niclas Lindstedt

Director · since 19 avril 2024 · until 09 mai 2025

Ended
René Lindell

Director · since 19 avril 2024 · until 09 mai 2025

Ended
Jari Karlson

Director · since 15 juin 2022 · until 19 avril 2024

Ended
Olli Huotari

Director · since 15 juin 2022 · until 29 avril 2025

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares02/12/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates22/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring20/10/2023
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring28/06/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates08/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/06/2021
    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 2025545,8 k €↑
  2. 27/11/2025
    augmentation_capitalOrion Corporation
  3. 27/11/2025
    reduction_capital
  4. 29/04/2025
    nominationMikko Kemppainen — bestuurder
  5. 29/04/2025
    reconductionRené Lindell — bestuurder
  6. 29/04/2025
    reconductionNiclas Lindstedt — bestuurder
  7. 2024
    Annual accounts 2024-25,8 M €↓
  8. 13/11/2024
    reconductionGrant Thornton Bedrijfsrevisoren — commissaris
  9. 19/04/2024
    nominationNiclas Lindstedt — bestuurder
  10. 19/04/2024
    nominationRené Lindell — bestuurder
  11. 2023
    Annual accounts 2023-9,6 M €↓
  12. 15/06/2022
    nominationJari Karlson — bestuurder
  13. 15/06/2022
    nominationOlli Huotari — bestuurder
  14. 2021
    Annual accounts 20211,6 M €↓
  15. 2020
    Annual accounts 20201,6 M €↑
  16. 2019
    Annual accounts 2019-70 k €↓
  17. 2018
    Annual accounts 20181,4 M €↓
  18. 2017
    Annual accounts 20179,5 M €↑
  19. 2016
    Annual accounts 20161,5 M €↓
  20. 2015
    Annual accounts 20151,5 M €↑
  21. 2014
    Annual accounts 20141,1 M €↓
  22. 2013
    Annual accounts 20131,3 M €↑
  23. 2012
    Annual accounts 2012766 k €↓
  24. 2011
    Annual accounts 20111,2 M €↑
  25. 2010
    Annual accounts 2010963,1 k €↓
  26. 2009
    Annual accounts 20091,6 M €↓
  27. 2008
    Annual accounts 20081,6 M €
  28. 30/11/1973
    IncorporationPublic limited company