ACTIVE

Medtronic Belgium

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Financial year 2025 · Closed on 30/04/2025

Net result3,6 M €+7,8 %over 1 year
Revenue196,3 M €+1,5 %over 1 year
Equity46,9 M €+1,3 %over 1 year
Workforce255,7 ETP-1,1 %over 1 year

Identity

Source · BCE/KBO

Medtronic Belgium is a Public limited company incorporated in 1975. Its registered office is in Jette. It employs on average 255,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0415.262.839
Incorporation
29/04/1975
Legal form
Public limited company
Registered office
Av. du Bourg. Etienne Demunter 5
1090 Jette · BruxellesSee on map
Contributed capital
42 697 087,52 €
Latest accounts
30/04/2025
Average workforce
255,7 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 10 financial years

20252024202320222021
Income statement
Revenue196,3 M €193,4 M €184,4 M €177,5 M €162,8 M €
EBITDA7,5 M €5,8 M €6,5 M €9,2 M €8 M €
Operating result6,2 M €5,7 M €6,6 M €6,7 M €6,2 M €
Net result3,6 M €3,3 M €3,6 M €2,9 M €3,1 M €
Balance sheet
Equity46,9 M €46,3 M €46 M €46,4 M €46 M €
Total assets110,4 M €103,2 M €101 M €100,7 M €98,3 M €
Cash59,1 M €50,4 M €47 M €53,6 M €50,4 M €
Debts59,1 M €51,4 M €49,6 M €48 M €47,9 M €
Other
Workforce255,7 ETP258,5 ETP261,5 ETP245,5 ETP223,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/04/2025

3 active · 17 ended

Active mandates

Vander Kelen Bart

Director · since 28 juillet 2028 · until 28 octobre 2028

Active
Bothof Willem

Managing director · since 20 janvier 2025 · until 28 octobre 2028

Active
Parthoens Ralf

Managing director · since 16 août 2016 · until 28 octobre 2028

Active

Ended mandates

Henk Westendorp

Director · since 18 janvier 2021 · until 28 octobre 2026

Ended
Westendorp Henk

Director · since 18 janvier 2021 · until 29 février 2024

Ended
Wilhelmus Van Zuilen

Director · since 18 janvier 2021 · until 28 mai 2021

Ended
Bart Vander Kelen

Director · since 28 juillet 2018 · until 28 octobre 2026

Ended

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Av. du Bourg. Etienne Demunter 5 1090 Jette
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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/05/202401/05/202301/05/202201/05/202101/05/202001/05/2019
Closing of the financial year30/04/202530/04/202430/04/202330/04/202230/04/202130/04/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/10/202507/11/202428/11/202310/11/202229/09/202203/11/2020
General meeting29/10/202530/10/202425/10/202326/10/202227/10/202128/10/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/04/202529/10/202530/10/2025DutchPDF
Full model30/04/202430/10/202407/11/2024DutchPDF
Full model30/04/202325/10/202328/11/2023DutchPDF
Full modelCorrection30/04/202226/10/202225/11/2022DutchPDF
Full model30/04/202226/10/202210/11/2022DutchPDF
Full modelCorrection30/04/202127/10/202129/09/2022DutchPDF
Full model30/04/202127/10/202104/11/2021DutchPDF
Full model30/04/202028/10/202003/11/2020DutchPDF
Full model30/04/201930/10/201918/11/2019DutchPDF
Full model30/04/201831/10/201813/11/2018DutchPDF
Full model30/04/201715/05/201816/05/2018DutchPDF
Full model30/04/201609/05/201712/05/2017DutchPDF
Full model30/04/201507/12/201510/12/2015DutchPDF
Full model30/04/201431/10/201408/12/2014DutchPDF
Full model30/04/201324/10/201304/12/2013DutchPDF
Full model30/04/201230/10/201212/12/2012DutchPDF
Full model30/04/201126/10/201128/11/2011DutchPDF
Full model30/04/201015/11/201026/11/2010DutchPDF
Full model30/04/200930/10/200911/12/2009DutchPDF
Full model30/04/200818/11/200821/11/2008DutchPDF
Full model30/04/200722/10/200722/11/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 30/04/2025

3 active · 17 ended

Active mandates

Vander Kelen Bart

Director · since 28 juillet 2028 · until 28 octobre 2028

Active
Bothof Willem

Managing director · since 20 janvier 2025 · until 28 octobre 2028

Active
Parthoens Ralf

Managing director · since 16 août 2016 · until 28 octobre 2028

Active

Ended mandates

Henk Westendorp

Director · since 18 janvier 2021 · until 28 octobre 2026

Ended
Westendorp Henk

Director · since 18 janvier 2021 · until 29 février 2024

Ended
Wilhelmus Van Zuilen

Director · since 18 janvier 2021 · until 28 mai 2021

Ended
Bart Vander Kelen

Director · since 28 juillet 2018 · until 28 octobre 2026

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates13/04/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring08/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring19/08/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates16/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF

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 20253,6 M €↑
  2. 20/01/2025
    nominationWillem Simon Roelof Bothof — bestuurder
  3. 2024
    Annual accounts 20243,3 M €↓
  4. 25/10/2023
    reconductionPricewaterhouseCoopers Bedrijfsrevisoren BV — commissaris
  5. 2023
    Annual accounts 20233,6 M €↑
  6. 2022
    Annual accounts 20222,9 M €↓
  7. 2021
    Annual accounts 20213,1 M €↓
  8. 2020
    Annual accounts 20203,5 M €↑
  9. 2019
    Annual accounts 2019275,5 k €↓
  10. 2018
    Annual accounts 20181,6 M €↓
  11. 2017
    Annual accounts 20172,3 M €↑
  12. 2015
    Annual accounts 2015937,8 k €
  13. 29/04/1975
    IncorporationPublic limited company