ACTIVE

Exphar

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Financial year 2025 · Closed on 31/12/2025

Net result868,5 k €+119,0 %over 1 year

Revenue22,9 M €+2,1 %over 1 year

Equity5,5 M €+17,9 %over 1 year

Workforce27,0 ETP+12,0 %over 1 year

Identity

Source · BCE/KBO

Exphar is a Public limited company incorporated in 1981. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Nivelles. It employs on average 27,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0421.802.718
Incorporation: 27/08/1981
Legal form: Public limited company
Registered office: Avenue Thomas Edison 105
1402 Nivelles · WallonieSee on map
Contributed capital: 1 045 620,00 €
Latest accounts: 31/12/2025
Average workforce: 27,0 ETP

Activities (NACE)

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

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	22,9 M €	+2.1%	22,4 M €	+7.1%	20,9 M €	-0.6%	21,1 M €	+35.5%	15,5 M €
EBITDA	2,1 M €	+35.7%	1,5 M €	-50.2%	3,1 M €	+3.8%	2,9 M €	-6.3%	3,1 M €
Operating result	1,4 M €	+69.2%	846,7 k €	-37.3%	1,3 M €	-10.0%	1,5 M €	-37.1%	2,4 M €
Net result	868,5 k €	+119%	396,6 k €	-65.6%	1,2 M €	+16.9%	987 k €	-39.2%	1,6 M €
Balance sheet
Equity	5,5 M €	+17.9%	4,7 M €	+10.4%	4,3 M €	-34.7%	6,5 M €	+20.0%	5,4 M €
Total assets	14,1 M €	-12.6%	16,2 M €	-7.3%	17,4 M €	+4.4%	16,7 M €	+45.1%	11,5 M €
Cash	1,8 M €	-10.7%	2 M €	+90.0%	1 M €	+118%	473,3 k €	-32.1%	697,3 k €
Debts	8,5 M €	-25.4%	11,4 M €	-13.0%	13,1 M €	+32.6%	9,9 M €	+65.7%	5,9 M €
Other
Workforce	27,0 ETP	+12.0%	24,1 ETP	+26.8%	19,0 ETP	+22.6%	15,5 ETP	+2.6%	15,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Koen SMESSAERT	Director18/04/2013 → 06/04/2028Managing director12/10/2017 → 31/12/2017ended
Ricardo ALVES MARTINS	Director01/12/2022 → 06/04/2028
Jean-Olivier COLLINET	Director07/01/2025 → 06/04/2027
LHVK0679.636.933Represented by Laurent HAVERBEKE	Director28/12/2018 → 17/06/2028Managing director28/12/2018 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Haverbeke	Director28/12/2018 → 2022 accounts
Anita MARTINEZ	Managing director15/01/2018 → 2021 accounts

Other companies at this address

Avenue Thomas Edison 105 1402 Nivelles

Company	CBE no.
H & H PHARMACEUTICALS● Active	0759.775.660

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	14/07/2026	04/08/2025	25/06/2024	18/07/2023	13/07/2022	22/07/2021
General meeting	15/06/2026	02/06/2025	17/06/2024	26/06/2023	07/04/2022	21/06/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/06/2026	14/07/2026	French	PDF
Full model	31/12/2024	02/06/2025	04/08/2025	French	PDF
Full model	31/12/2023	17/06/2024	25/06/2024	French	PDF
Full model	31/12/2022	26/06/2023	18/07/2023	French	PDF
Full model	31/12/2021	07/04/2022	13/07/2022	French	PDF
Full model	31/12/2020	21/06/2021	22/07/2021	French	PDF
Full model	31/12/2019	20/05/2020	26/08/2020	French	PDF
Full model	31/12/2018	25/04/2019	01/08/2019	French	PDF
Full model	31/12/2017	19/04/2018	18/06/2018	French	PDF
Full model	31/12/2016	05/05/2017	08/05/2017	French	PDF
Abridged model	31/12/2015	07/04/2016	29/09/2016	French	PDF
Abridged model	31/12/2014	02/04/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	03/04/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	04/04/2013	19/07/2013	French	PDF
Abridged model	31/12/2011	05/04/2012	07/06/2012	French	PDF
Abridged model	31/12/2010	07/04/2011	03/08/2011	French	PDF
Abridged model	31/12/2009	01/04/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	02/04/2009	02/07/2009	French	PDF
Abridged model	31/12/2007	03/04/2008	04/06/2008	French	PDF
Abridged model	31/12/2006	05/04/2007	23/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Koen SMESSAERT	Director18/04/2013 → 06/04/2028Managing director12/10/2017 → 31/12/2017ended
Ricardo ALVES MARTINS	Director01/12/2022 → 06/04/2028
Jean-Olivier COLLINET	Director07/01/2025 → 06/04/2027
LHVK0679.636.933Represented by Laurent HAVERBEKE	Director28/12/2018 → 17/06/2028Managing director28/12/2018 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Haverbeke	Director28/12/2018 → 2022 accounts
Anita MARTINEZ	Managing director15/01/2018 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other29/09/2026
Renouvellement de mandats
PDF
Mandates01/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates15/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/10/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/07/2020
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Koen SMESSAERT

Ricardo ALVES MARTINS

Jean-Olivier COLLINET

LHVK

Philippe Haverbeke

Anita MARTINEZ

Dominique HAVERBEKE

Renée ROULIN

Jean BEUGELS

Anne- Marie MARTINEZ

198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

Exphar

Avenue Thomas Edison 105, 1402 Thines

Director

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Thomas Edison 105, 1402 ThinesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00301330

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ExpharCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00301330

Events

2025
Annual accounts 2025868,5 k €↑
2024
Annual accounts 2024396,6 k €↓
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022987 k €↓
2021
Annual accounts 20211,6 M €↑
2020
Annual accounts 2020897,3 k €↓
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 2018899,4 k €↑
2017
Annual accounts 2017651,4 k €↑
2016
Annual accounts 2016252 k €↓
2015
Annual accounts 2015395,1 k €↓
2014
Annual accounts 2014477,5 k €↑
2013
Annual accounts 2013262,7 k €↑
2012
Annual accounts 2012206,4 k €↑
2011
Annual accounts 201147,7 k €↓
2010
Annual accounts 2010294,5 k €↑
2009
Annual accounts 2009163,8 k €↑
2008
Annual accounts 2008105,8 k €↑
2007
Annual accounts 200770,3 k €↓
2006
Annual accounts 2006460,2 k €
27/08/1981
IncorporationPublic limited company

Exphar

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

Registered offices

Company names

Events