ACTIVE

MEDIFAR

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Financial year 2025 · closed on 31/12/2025

Net result

43,6 k €

+37.8% YoY

Gross margin

176,1 k €

+17.5% YoY

Equity

351,9 k €

+14.1% YoY

Workforce

1,0 ETP

0.0% YoY

What does MEDIFAR do?

MEDIFAR is a Private limited company incorporated in 1985. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Izegem. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.055.258

Incorporation

06/11/1985

Legal form

Private limited company

Registered office

Noordkaai 9
8870 Izegem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

47730Dispensing chemist in specialised stores· main 47730Dispensing chemist in specialised stores 52310Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	176,1 k €	+17.5%	149,8 k €	-7.1%	161,3 k €	+1.9%	158,3 k €	-36.7%	250,3 k €	+28.0%	195,5 k €	-9.6%	216,4 k €	+2.4%	211,4 k €	-11.8%	239,7 k €	-11.3%	270,3 k €	+7.4%	251,8 k €	+2.1%	246,5 k €	-2.3%	252,3 k €	-0.2%	252,9 k €	+46.5%	172,6 k €	+21526%	-805,6 €	+87.6%	-6,5 k €		–		26,9 k €	+17.0%	23 k €
EBITDA	75 k €	+35.9%	55,2 k €	-14.2%	64,3 k €	+5.6%	60,9 k €	-47.5%	116 k €	+93.9%	59,8 k €	-30.9%	86,5 k €	+6.4%	81,3 k €	-27.5%	112,2 k €	-17.1%	135,4 k €	+9.6%	123,6 k €	+2.9%	120,1 k €	-0.8%	121,1 k €	+47.7%	82 k €	+30.4%	62,9 k €	+3319%	-2 k €	+73.6%	-7,4 k €	+12.5%	-8,4 k €	-134%	25 k €	+12.4%	22,2 k €
Operating result	57,7 k €	+38.5%	41,7 k €	-17.8%	50,7 k €	+8.4%	46,7 k €	-48.6%	90,9 k €	+9532%	-963,8 €	-105%	21,4 k €	+20.8%	17,7 k €	-64.9%	50,4 k €	-32.4%	74,5 k €	+25.3%	59,4 k €	+55.9%	38,1 k €	-47.7%	73 k €	+82.6%	40 k €	+88.9%	21,2 k €	+508%	-5,2 k €	+29.8%	-7,4 k €	+29.0%	-10,4 k €	-145%	22,9 k €	+12.1%	20,4 k €
Net result	43,6 k €	+37.8%	31,6 k €	-23.0%	41 k €	+5.3%	39 k €	-44.0%	69,6 k €	+57660%	120,4 €	-99.3%	16,7 k €	+19.9%	13,9 k €	-58.6%	33,6 k €	-29.9%	48 k €	+26.7%	37,9 k €	+56.9%	24,1 k €	-51.9%	50,2 k €	+73.2%	29 k €	+9.3%	26,5 k €	+1054%	-2,8 k €	-1462%	-178 €	+98.4%	-11,3 k €	-146%	24,5 k €	-3.1%	25,2 k €
Balance sheet
Equity	351,9 k €	+14.1%	308,3 k €	+11.4%	276,7 k €	-53.2%	591,6 k €	+7.1%	552,7 k €	+14.4%	483,1 k €	+0.0%	483 k €	+3.6%	466,3 k €	+3.1%	452,4 k €	+8.0%	418,7 k €	+12.9%	370,8 k €	+11.4%	332,9 k €	+7.8%	308,8 k €	+19.4%	258,6 k €	+12.6%	229,6 k €	+13.1%	203 k €	-1.4%	205,8 k €	-0.1%	206 k €	-4.3%	215,3 k €	+12.8%	190,8 k €
Total assets	490,8 k €	+6.9%	459,1 k €	+4.0%	441,6 k €	-41.0%	747,9 k €	+12.7%	663,6 k €	+11.4%	595,6 k €	+0.5%	592,5 k €	+2.8%	576,2 k €	-10.3%	642 k €	-5.9%	682,2 k €	-5.0%	718,3 k €	-0.7%	723,5 k €	-10.7%	810,4 k €	-19.5%	1 M €	+9.9%	916,1 k €	+196%	309,6 k €	+49.7%	206,9 k €	-4.8%	217,4 k €	-44.3%	390 k €	+7.6%	362,4 k €
Cash	13,2 k €	-23.4%	17,2 k €	+20.9%	14,2 k €	+45.9%	9,8 k €	-2.4%	10 k €	-11.2%	11,3 k €	+24.5%	9,1 k €	-10.9%	10,2 k €	-15.0%	12 k €	-5.9%	12,7 k €	+2.8%	12,4 k €	+14.2%	10,8 k €	+66.6%	6,5 k €	+33.1%	4,9 k €	+6.5%	4,6 k €	-66.6%	13,7 k €	-92.6%	184,6 k €	+13723%	1,3 k €	+76.5%	756,4 €	+21.3%	623,4 €
Debts	138,9 k €	-7.9%	150,8 k €	-8.5%	164,9 k €	+5.5%	156,3 k €	+40.8%	111 k €	-1.4%	112,5 k €	+2.7%	109,5 k €	-0.3%	109,9 k €	-42.1%	189,7 k €	-28.0%	263,4 k €	-23.3%	343,6 k €	-10.8%	385,2 k €	-22.6%	497,8 k €	-32.8%	740,8 k €	+7.9%	686,3 k €	+544%	106,6 k €	+10023%	1,1 k €	-85.2%	7,1 k €	-95.4%	155 k €	-8.8%	169,9 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-60.0%	2,5 ETP	+4.2%	2,4 ETP	0.0%	2,4 ETP	0.0%	2,4 ETP	+9.1%	2,2 ETP	-21.4%	2,8 ETP	0.0%	2,8 ETP	-3.4%	2,9 ETP	0.0%	2,9 ETP	-3.3%	3,0 ETP	-23.1%	3,9 ETP	+18.2%	3,3 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

ALEXO

Chairman of the board of directors · since 01 septembre 2022 · 0870.896.286

Represented by Olivier Delaere

Active

SODIAP

Managing director · since 22 décembre 2020 · 0405.366.364

Represented by Tom Goderis

Active

Ended mandates

ARISTO

Chairman of the board of directors · since 22 décembre 2020 · until 31 août 2022 · 0434.718.564

Represented by Frank Coene

Ended

ARISTO

Chairman of the board of directors · since 22 décembre 2020 · 0434.718.564

Represented by Frank Coene

Ended

Frank Coene

Manager · since 31 juillet 2009 · until 22 décembre 2020

Ended

Frank Coene

Manager · since 31 juillet 2009

Ended

At this address

Other companies at this address

Company	CBE no.
Apotheek de Lisseweg● Active	0419.097.309
GANDAFAR● Active	0434.323.141
SDC● Active	0400.957.319
SODIAP● Active	0405.366.364

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	12/05/2026	16/06/2025	11/06/2024	09/06/2023	07/06/2022	14/06/2021
General meeting	02/05/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022	07/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/05/2026	12/05/2026	Dutch	PDF
Abridged model	31/12/2024	02/05/2025	16/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/05/2024	11/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/05/2023	09/06/2023	Dutch	PDF
Abridged model	31/12/2021	06/05/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/05/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/05/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/05/2019	09/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/05/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	05/05/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	21/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/05/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/05/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/05/2010	06/07/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	22/09/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	30/06/2007	10/10/2007	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	02/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 12 ended

Active mandates

ALEXO

Chairman of the board of directors · since 01 septembre 2022 · 0870.896.286

Represented by Olivier Delaere

Active

SODIAP

Managing director · since 22 décembre 2020 · 0405.366.364

Represented by Tom Goderis

Active

Ended mandates

ARISTO

Chairman of the board of directors · since 22 décembre 2020 · until 31 août 2022 · 0434.718.564

Represented by Frank Coene

Ended

ARISTO

Chairman of the board of directors · since 22 décembre 2020 · 0434.718.564

Represented by Frank Coene

Ended

Frank Coene

Manager · since 31 juillet 2009 · until 22 décembre 2020

Ended

Frank Coene

Manager · since 31 juillet 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/01/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/05/2010
BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2008
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/10/2005
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202543,6 k €↑
2024
Annual accounts 202431,6 k €↓
2024
Name change027 - Medifar
2023
Annual accounts 202341 k €↑
2022
Annual accounts 202239 k €↓
2021
Annual accounts 202169,6 k €↑
2021
Name changeMedifar
2020
Annual accounts 2020120,4 €↓
2019
Annual accounts 201916,7 k €↑
2018
Annual accounts 201813,9 k €↓
2017
Annual accounts 201733,6 k €↓
2016
Annual accounts 201648 k €↑
2015
Annual accounts 201537,9 k €↑
2014
Annual accounts 201424,1 k €↓
2013
Annual accounts 201350,2 k €↑
2012
Annual accounts 201229 k €↑
2011
Annual accounts 201126,5 k €↑
2010
Annual accounts 2010-2,8 k €↓
2009
Annual accounts 2009-178 €↑
2008
Annual accounts 2008-11,3 k €↓
2007
Annual accounts 200724,5 k €↓
2006
Annual accounts 200625,2 k €
06/11/1985
IncorporationPrivate 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

MEDIFAR

Overview

What does MEDIFAR do?

Trend over 20 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