ACTIVE

S.A Therabel-Pharma N.V.

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Financial year 2025 · Closed on 31/12/2025

Net result-98,5 k €+97,9 %over 1 year
Revenue15,7 M €-5,9 %over 1 year
Equity4,1 M €-2,3 %over 1 year
Workforce28,3 ETP-28,9 %over 1 year

Identity

Source · BCE/KBO

S.A Therabel-Pharma N.V. is a Public limited company incorporated in 1980. Its registered office is in Forest. It employs on average 28,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0420.515.586
Incorporation
16/04/1980
Legal form
Public limited company
Registered office
Boulevard de l'Humanité 292
1190 Forest · BruxellesSee on map
Contributed capital
14 195 000,00 €
Latest accounts
31/12/2025
Average workforce
28,3 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
Solid equityGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 10 financial years

20252024202320222021
Income statement
Revenue15,7 M €16,7 M €16,3 M €17 M €17,1 M €
EBITDA-4,5 M €-4,6 M €-2,5 M €-2,2 M €-3 M €
Operating result-4,6 M €-4,6 M €-2,5 M €-2,2 M €-2,8 M €
Net result-98,5 k €-4,8 M €-2,6 M €-2,3 M €-2,8 M €
Balance sheet
Equity4,1 M €4,2 M €9 M €5,5 M €7,8 M €
Total assets12,8 M €16,1 M €13,4 M €13,3 M €13 M €
Cash402,2 k €296,6 k €710,4 k €953,7 k €2,4 M €
Debts8,7 M €11,8 M €4,4 M €7,8 M €5,2 M €
Other
Workforce28,3 ETP39,8 ETP39,2 ETP40,1 ETP39,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 23 ended

Active mandates

BAWIP Consultants

Director · since 11 mai 2024 · until 10 mai 2027 · 0633.845.609

Represented by Philippe Burtonboy

Active
HEALTHCARE EXPERT CONSULTING

Managing director · since 11 mai 2024 · until 10 mai 2027 · 0828.040.005

Represented by Laurent Kirsch

Active

Ended mandates

BAWIP Consultants

Director · since 10 mai 2021 · until 10 mai 2022 · 0633.845.609

Represented by Philippe Burtonboy

Ended
BAWIP Consultants

Director · since 10 mai 2021 · until 10 mai 2024 · 0633.845.609

Represented by Philippe Burtonboy

Ended
HEALTHCARE EXPERT CONSULTING

Managing director · since 10 mai 2021 · until 10 mai 2024 · 0828.040.005

Represented by Laurent Kirsch

Ended
HEALTHCARE EXPERT CONSULTING

Managing director · since 10 mai 2021 · until 10 mai 2024 · 0828.040.005

Represented by Laurent Kirsch

Ended

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Boulevard de l'Humanité 292 1190 Forest
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Networks Gym (Forest)● Active
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SITECORE BELGIUM● Active
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Spentys● Active
0681.502.303
TESA● Active
0480.051.812
THERABEL IMMO● Active
0428.944.292
THERABEL INTERNATIONAL SERVICES● Active
0836.259.962
TIJDELIJKE MAATSCHAP ACH - FLORÉ● Active
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TM A C H CONSTRUCT - Floré - Model 8● Active
1019.537.997
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YUVI● Active
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Full financial information

Source · NBB
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 date10/06/202606/06/202522/07/202415/06/202307/06/202209/06/2021
General meeting11/05/202612/05/202510/05/202410/05/202310/05/202210/05/2021
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 model31/12/202511/05/202610/06/2026FrenchPDF
Full model31/12/202412/05/202506/06/2025FrenchPDF
Full model31/12/202310/05/202422/07/2024FrenchPDF
Full model31/12/202210/05/202315/06/2023FrenchPDF
Full model31/12/202110/05/202207/06/2022FrenchPDF
Full model31/12/202010/05/202109/06/2021FrenchPDF
Full model31/12/201908/06/202015/06/2020FrenchPDF
Full model31/12/201829/05/201917/06/2019FrenchPDF
Full model31/12/201714/05/201827/06/2018FrenchPDF
Full model31/12/201610/05/201726/06/2017FrenchPDF
Full model31/12/201527/05/201620/06/2016FrenchPDF
Full model31/12/201411/05/201505/06/2015FrenchPDF
Full model31/12/201328/04/201420/05/2014FrenchPDF
Full model31/12/201207/06/201301/07/2013FrenchPDF
Full model31/12/201110/05/201211/06/2012FrenchPDF
Full model31/12/201010/05/201131/05/2011FrenchPDF
Full modelCorrection31/12/200910/05/201028/07/2010FrenchPDF
Full model31/12/200910/05/201008/06/2010FrenchPDF
Full model31/12/200811/05/200909/06/2009FrenchPDF
Full model31/12/200713/05/200810/06/2008FrenchPDF
Full model31/12/200610/05/200707/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

2 active · 23 ended

Active mandates

BAWIP Consultants

Director · since 11 mai 2024 · until 10 mai 2027 · 0633.845.609

Represented by Philippe Burtonboy

Active
HEALTHCARE EXPERT CONSULTING

Managing director · since 11 mai 2024 · until 10 mai 2027 · 0828.040.005

Represented by Laurent Kirsch

Active

Ended mandates

BAWIP Consultants

Director · since 10 mai 2021 · until 10 mai 2022 · 0633.845.609

Represented by Philippe Burtonboy

Ended
BAWIP Consultants

Director · since 10 mai 2021 · until 10 mai 2024 · 0633.845.609

Represented by Philippe Burtonboy

Ended
HEALTHCARE EXPERT CONSULTING

Managing director · since 10 mai 2021 · until 10 mai 2024 · 0828.040.005

Represented by Laurent Kirsch

Ended
HEALTHCARE EXPERT CONSULTING

Managing director · since 10 mai 2021 · until 10 mai 2024 · 0828.040.005

Represented by Laurent Kirsch

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares23/07/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates15/06/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office11/04/2022
    SIEGE SOCIAL
    PDF
  • Mandates21/06/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/07/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/04/2020
    DEMISSIONS, NOMINATIONS
    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 2025-98,5 k €↑
  2. 2024
    Annual accounts 2024-4,8 M €↓
  3. 2023
    Annual accounts 2023-2,6 M €↓
  4. 2022
    Annual accounts 2022-2,3 M €↑
  5. 2021
    Annual accounts 2021-2,8 M €↓
  6. 2020
    Annual accounts 20203,6 M €↑
  7. 2019
    Annual accounts 2019-2,2 M €↑
  8. 2018
    Annual accounts 2018-2,8 M €↑
  9. 2017
    Annual accounts 2017-4,3 M €↓
  10. 2008
    Annual accounts 20081,6 M €
  11. 16/04/1980
    IncorporationPublic limited company