ACTIVE

VYGON

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Financial year 2025 · closed on 31/12/2025

Net result

1,9 M €

+67.7% YoY

Revenue

8,5 M €

-2.7% YoY

Equity

11,3 M €

+0.1% YoY

Workforce

18,4 ETP

-13.6% YoY

What does VYGON do?

VYGON is a Public limited company incorporated in 1974. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Bruxelles. It employs on average 18,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.130.513

Incorporation

02/05/1974

Legal form

Public limited company

Registered office

Chaussée de Haecht 1650
1130 Bruxelles · BruxellesSee on map

Contributed capital

248 000,00 €

Latest accounts

31/12/2025

Average workforce

18,4 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 51460Air transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	8,5 M €	-2.7%	8,7 M €	-0.6%	8,8 M €	+7.9%	8,1 M €		–		–		–		–		–		–		7,4 M €	+4.2%	7,1 M €	-18.8%	8,7 M €	-14.7%	10,2 M €	+7.3%	9,5 M €	+4.5%	9,1 M €	+8.2%	8,4 M €	+17.1%	7,2 M €	+0.8%	7,1 M €
EBITDA	2 M €	+18.3%	1,7 M €	+3.9%	1,6 M €	-0.6%	1,6 M €	+1.5%	1,6 M €	+15.1%	1,4 M €	+4.6%	1,3 M €	+19.7%	1,1 M €	-5.9%	1,2 M €	-4.9%	1,3 M €	-10.1%	1,4 M €	+0.1%	1,4 M €	+15.0%	1,2 M €	+13.1%	1,1 M €	+2.9%	1 M €	+6.8%	978,6 k €	+26.7%	772,2 k €	+1.4%	761,3 k €	+0.3%	758,7 k €
Operating result	1,9 M €	+18.9%	1,6 M €	+3.9%	1,6 M €	-0.8%	1,6 M €	+2.6%	1,5 M €	+14.2%	1,3 M €	+5.4%	1,3 M €	+20.4%	1,1 M €	-6.8%	1,1 M €	-4.7%	1,2 M €	-10.6%	1,3 M €	+0.1%	1,3 M €	+17.1%	1,1 M €	+17.2%	974,3 k €	+12.6%	865,5 k €	+7.7%	803,7 k €	+40.8%	571 k €	-4.1%	595,4 k €	-8.8%	652,9 k €
Net result	1,9 M €	+67.7%	1,2 M €	-23.0%	1,5 M €	+0.1%	1,5 M €	-0.8%	1,5 M €	-7.9%	1,6 M €	+5.9%	1,6 M €	+8.7%	1,4 M €	+8.4%	1,3 M €	-0.9%	1,3 M €	-15.1%	1,6 M €	-1.6%	1,6 M €	+4.7%	1,5 M €	+20.4%	1,3 M €	+15.7%	1,1 M €	-0.3%	1,1 M €	+9.0%	1 M €	-11.9%	1,1 M €	+21.9%	937,3 k €
Balance sheet
Equity	11,3 M €	+0.1%	11,3 M €	+0.1%	11,3 M €	+3.7%	10,9 M €	+4.9%	10,4 M €	+5.3%	9,9 M €	+8.2%	9,1 M €	+8.4%	8,4 M €	+9.2%	7,7 M €	+8.0%	7,1 M €	+5.7%	6,8 M €	+9.2%	6,2 M €	-18.5%	7,6 M €	-31.4%	11,1 M €	+3.4%	10,7 M €	+3.8%	10,3 M €	+5.0%	9,8 M €	+5.4%	9,3 M €	-10.2%	10,4 M €
Total assets	14,3 M €	+5.4%	13,5 M €	-1.7%	13,8 M €	+3.7%	13,3 M €	+7.0%	12,4 M €	+5.7%	11,7 M €	+5.6%	11,1 M €	+9.2%	10,2 M €	+7.6%	9,5 M €	+5.7%	9 M €	+1.2%	8,9 M €	+8.6%	8,2 M €	-14.2%	9,5 M €	-27.7%	13,2 M €	+5.4%	12,5 M €	+6.6%	11,7 M €	+5.6%	11,1 M €	-9.2%	12,2 M €	-1.5%	12,4 M €
Cash	1,4 M €	+32.2%	1,1 M €	+18.9%	917,6 k €	-35.1%	1,4 M €	+19.1%	1,2 M €	+10.1%	1,1 M €	+56.0%	691,6 k €	+7.5%	643,4 k €	-7.3%	693,8 k €	-23.2%	903,5 k €	-28.5%	1,3 M €	-15.8%	1,5 M €	-5.5%	1,6 M €	+10.1%	1,4 M €	+65.4%	871,9 k €	-9.2%	960,6 k €	+6.1%	905 k €	+119%	413,3 k €	-46.4%	771,5 k €
Debts	2,9 M €	+34.3%	2,1 M €	-8.4%	2,3 M €	+3.4%	2,3 M €	+18.2%	1,9 M €	+8.5%	1,8 M €	-5.2%	1,9 M €	+11.8%	1,7 M €	+3.3%	1,6 M €	-5.3%	1,7 M €	-14.4%	2 M €	+6.5%	1,9 M €	+6.8%	1,7 M €	+1.6%	1,7 M €	+5.0%	1,6 M €	+24.2%	1,3 M €	+6.1%	1,2 M €	-56.5%	2,8 M €	+44.8%	2 M €
Other
Workforce	18,4 ETP	-13.6%	21,3 ETP	0.0%	21,3 ETP	+6.5%	20,0 ETP	+5.8%	18,9 ETP	-10.8%	21,2 ETP	+5.0%	20,2 ETP	+6.3%	19,0 ETP	-11.6%	21,5 ETP	+3.4%	20,8 ETP	+25.3%	16,6 ETP	+9.9%	15,1 ETP	-14.7%	17,7 ETP	-5.3%	18,7 ETP	+6.2%	17,6 ETP	-2.8%	18,1 ETP	+0.6%	18,0 ETP	+3.4%	17,4 ETP	-4.4%	18,2 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 · 1 active · 19 ended

Active mandates

Vygon SAS

Mandate

Represented by Ludovic-Alexandre Richard-Vitton

Active

Ended mandates

Anne Najaint

Director · since 28 mai 2021 · until 31 mai 2024

Ended

Luc Nagels

Managing director · since 04 juin 2020 · until 01 juin 2023

Ended

Stephane Regnault

Chairman of the board of directors · since 01 juin 2019 · until 01 juin 2025

Ended

Anne Najaint

Director · since 01 juin 2018 · until 31 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
HOOVER ADMINISTRATIVE SERVICES● Liquidation	0418.628.442

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Abridged model	Abridged 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	22/06/2026	13/06/2025	12/06/2024	02/06/2023	08/06/2022	07/06/2021
General meeting	09/06/2026	10/06/2025	04/06/2024	31/05/2023	20/05/2022	28/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	09/06/2026	22/06/2026	French	PDF
Full model	31/12/2024	10/06/2025	13/06/2025	French	PDF
Full model	31/12/2023	04/06/2024	12/06/2024	French	PDF
Full model	31/12/2022	31/05/2023	02/06/2023	French	PDF
Abridged model	31/12/2021	20/05/2022	08/06/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	07/06/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	12/06/2020	French	PDF
Abridged model	31/12/2018	07/06/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	28/06/2018	French	PDF
Abridged model	31/12/2016	30/05/2017	27/06/2017	French	PDF
Full model	31/12/2015	25/05/2016	21/06/2016	French	PDF
Full model	31/12/2014	21/05/2015	19/06/2015	French	PDF
Full model	31/12/2013	21/05/2014	20/06/2014	French	PDF
Full model	31/12/2012	23/05/2013	21/06/2013	French	PDF
Full modelCorrection	31/12/2011	22/05/2012	26/06/2012	French	PDF
Full model	31/12/2011	22/05/2012	22/06/2012	French	PDF
Full model	31/12/2010	24/05/2011	23/06/2011	French	PDF
Full model	31/12/2009	18/05/2010	17/06/2010	French	PDF
Full model	31/12/2008	19/05/2009	15/06/2009	French	PDF
Full modelCorrection	31/12/2007	27/05/2008	26/09/2008	French	PDF
Full model	31/12/2007	27/05/2008	27/06/2008	French	PDF
Full model	31/12/2006	23/05/2007	28/06/2007	French	PDF

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 · 1 active · 19 ended

Active mandates

Vygon SAS

Mandate

Represented by Ludovic-Alexandre Richard-Vitton

Active

Ended mandates

Anne Najaint

Director · since 28 mai 2021 · until 31 mai 2024

Ended

Luc Nagels

Managing director · since 04 juin 2020 · until 01 juin 2023

Ended

Stephane Regnault

Chairman of the board of directors · since 01 juin 2019 · until 01 juin 2025

Ended

Anne Najaint

Director · since 01 juin 2018 · until 31 mai 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/01/2024
CAPITAL, ACTIONS - DIVERS
PDF
Mandates03/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates03/02/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates16/09/2020
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 20251,9 M €↑
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20231,5 M €↑
2022
Annual accounts 20221,5 M €↓
2021
Annual accounts 20211,5 M €↓
2020
Annual accounts 20201,6 M €↑
2019
Annual accounts 20191,6 M €↑
2018
Annual accounts 20181,4 M €↑
2017
Annual accounts 20171,3 M €↓
2016
Annual accounts 20161,3 M €↓
2015
Annual accounts 20151,6 M €↓
2014
Annual accounts 20141,6 M €↑
2013
Annual accounts 20131,5 M €↑
2012
Annual accounts 20121,3 M €↑
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20101,1 M €↑
2009
Annual accounts 20091 M €↓
2008
Annual accounts 20081,1 M €↑
2007
Annual accounts 2007937,3 k €
02/05/1974
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

VYGON

Overview

What does VYGON do?

Trend over 19 financial years

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