ACTIVE

COVETRUS

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Financial year 2025 · closed on 31/12/2025

Net result

2,7 M €

+33.2% YoY

Revenue

165,8 M €

+4.4% YoY

Equity

21,1 M €

+14.5% YoY

Workforce

73,5 ETP

+9.5% YoY

What does COVETRUS do?

COVETRUS is a Public limited company incorporated in 1986. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Beringen. It employs on average 73,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.026.446

Incorporation

21/05/1986

Legal form

Public limited company

Registered office

Industrieweg 135 box 1
3583 Beringen · FlandreSee on map

Contributed capital

470 000,00 €

Latest accounts

31/12/2025

Average workforce

73,5 ETP

Activities (NACE)

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

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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
Revenue	165,8 M €	+4.4%	158,8 M €	+10.6%	143,6 M €	+9.6%	131 M €	+6.4%	123,1 M €	+5.6%	116,6 M €	+8.9%	107 M €	+7.0%	100,1 M €	+4.6%	95,6 M €	+1.1%	94,6 M €	+10.3%	85,8 M €	+3.7%	82,7 M €	+10.2%	75 M €	+4.2%	72 M €	+5.0%	68,6 M €	+10.8%	62 M €	+4.1%	59,5 M €	+12.2%	53 M €	+25.5%	42,3 M €	+13.0%	37,4 M €
EBITDA	3,8 M €	+38.5%	2,7 M €	+140%	1,1 M €	-62.6%	3 M €	+3.4%	2,9 M €	+3.8%	2,8 M €	+55.0%	1,8 M €	-14.7%	2,1 M €	+22.0%	1,8 M €	-0.6%	1,8 M €	+39.7%	1,3 M €	+39.7%	905,5 k €	-28.9%	1,3 M €	+37.7%	924,8 k €	+145%	377,9 k €	+872%	38,9 k €	+122%	-180,4 k €	-558%	39,4 k €	+124%	-162,2 k €	-176%	-58,8 k €
Operating result	3,5 M €	+46.5%	2,4 M €	+216%	766,7 k €	-71.7%	2,7 M €	+2.5%	2,6 M €	+6.2%	2,5 M €	+58.2%	1,6 M €	-16.6%	1,9 M €	+18.7%	1,6 M €	-3.2%	1,6 M €	+101%	816,1 k €	-3.4%	844,5 k €	-28.1%	1,2 M €	+58.0%	743,8 k €	+298%	186,7 k €	+215%	-162 k €	+54.1%	-352,9 k €	-104%	-173,3 k €	+50.5%	-349,9 k €	-120%	-159,4 k €
Net result	2,7 M €	+33.2%	2 M €	+276%	533,3 k €	-75.4%	2,2 M €	+4.3%	2,1 M €	+14.6%	1,8 M €	+70.6%	1,1 M €	-4.6%	1,1 M €	+10.1%	1 M €	-3.7%	1,1 M €	+198%	352,9 k €	-4.5%	369,5 k €	-37.5%	591 k €	+15.8%	510,4 k €	-3.8%	530,8 k €	+100.0%	265,4 k €	+840%	-35,9 k €	-135%	103,5 k €	-31.1%	150,2 k €	+67.2%	89,9 k €
Balance sheet
Equity	21,1 M €	+14.5%	18,4 M €	+12.2%	16,4 M €	+3.4%	15,9 M €	+15.8%	13,7 M €	+17.9%	11,6 M €	+18.5%	9,8 M €	+12.1%	8,8 M €	+14.6%	7,7 M €	+15.2%	6,6 M €	+18.8%	5,6 M €	+6.7%	5,2 M €	+7.6%	4,9 M €	+13.8%	4,3 M €	+13.6%	3,8 M €	+16.4%	3,2 M €	+81.8%	1,8 M €	-2.0%	1,8 M €	+6.0%	1,7 M €	+9.6%	1,6 M €
Total assets	37,1 M €	+10.1%	33,7 M €	+5.2%	32 M €	+1.4%	31,6 M €	+29.7%	24,3 M €	-4.2%	25,4 M €	-0.8%	25,6 M €	+7.8%	23,8 M €	-3.6%	24,7 M €	+28.6%	19,2 M €	-4.0%	20 M €	-7.7%	21,7 M €	+15.9%	18,7 M €	+10.3%	16,9 M €	+19.7%	14,2 M €	+12.1%	12,6 M €	+0.8%	12,5 M €	+0.7%	12,4 M €	+28.3%	9,7 M €	+14.6%	8,5 M €
Cash	7,3 M €	+1459%	468,9 k €	-81.8%	2,6 M €	+778%	293,8 k €	+29.2%	227,4 k €	-9.6%	251,6 k €	+10.0%	228,9 k €	+185%	80,3 k €	-46.3%	149,5 k €	-34.1%	226,9 k €	-8.2%	247,2 k €	+10.6%	223,6 k €	-75.4%	909 k €	-30.0%	1,3 M €	+93.4%	671,2 k €	+31.5%	510,4 k €	-1.6%	518,9 k €	+113%	243,3 k €	-51.8%	505,1 k €	+87.5%	269,3 k €
Debts	15,4 M €	+6.2%	14,5 M €	-5.9%	15,4 M €	+0.7%	15,3 M €	+48.7%	10,3 M €	-23.6%	13,5 M €	-13.3%	15,5 M €	+5.2%	14,8 M €	-11.7%	16,7 M €	+36.1%	12,3 M €	-13.2%	14,2 M €	-11.9%	16,1 M €	+19.4%	13,5 M €	+8.6%	12,4 M €	+22.2%	10,2 M €	+11.8%	9,1 M €	-12.6%	10,4 M €	+1.0%	10,3 M €	+32.5%	7,8 M €	+13.6%	6,8 M €
Other
Workforce	73,5 ETP	+9.5%	67,1 ETP	+3.1%	65,1 ETP	-3.7%	67,6 ETP	+3.4%	65,4 ETP	-1.4%	66,3 ETP	+2.0%	65,0 ETP	-4.4%	68,0 ETP	-2.3%	69,6 ETP	+7.2%	64,9 ETP	+3.3%	62,8 ETP	+6.4%	59,0 ETP	+12.6%	52,4 ETP	+10.8%	47,3 ETP	+1.5%	46,6 ETP	-0.9%	47,0 ETP	+9.0%	43,1 ETP	+18.4%	36,4 ETP	-1.1%	36,8 ETP	+42.1%	25,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

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

Active mandates

COVETRUS HOLDING

Managing director · since 13 février 2023 · until 31 mai 2027 · 0479.158.719

Represented by Bernardus Stephanus Gerardus Fierkens

Active

Graham Rhodes

Director · since 13 février 2023 · until 18 mai 2027

Active

Ended mandates

Covetrus BV

Chairman of the board of directors · since 01 juin 2021 · until 31 mai 2027

Represented by Linda BERIX

Ended

COVETRUS HOLDING

Managing director · since 01 juin 2021 · until 31 mai 2027 · 0479.158.719

Represented by Frederik De Vos

Ended

AUV VETERINARY SERVICES BV

Chairman of the board of directors · since 12 mai 2015 · until 31 mai 2021

Represented by Linda BERIX

Ended

Covetrus BV

Chairman of the board of directors · since 12 mai 2015 · until 31 mai 2021

Represented by Linda BERIX

Ended

At this address

Other companies at this address

Company	CBE no.
COVETRUS HOLDING● Active	0479.158.719
ProVet Belgium Finance● Active	0632.775.837
VETERINARY SERVICES & LOGISTICS● Active	0896.460.637

Annual accounts

Full financial information

	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	13/07/2026	10/07/2025	17/07/2024	30/05/2024	16/06/2022	05/07/2021
General meeting	24/06/2026	25/06/2025	26/06/2024	23/06/2023	07/06/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	25/06/2025	10/07/2025	Dutch	PDF
Full model	31/12/2023	26/06/2024	17/07/2024	Dutch	PDF
Full modelCorrection	31/12/2022	23/06/2023	30/05/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	29/08/2023	Dutch	PDF
Full model	31/12/2021	07/06/2022	16/06/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	05/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	06/07/2020	Dutch	PDF
Full modelCorrection	29/12/2018	27/06/2019	13/11/2019	Dutch	PDF
Full model	29/12/2018	27/06/2019	28/06/2019	Dutch	PDF
Full modelCorrection	30/12/2017	28/06/2018	21/11/2018	Dutch	PDF
Full model	30/12/2017	28/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	21/06/2017	30/06/2017	Dutch	PDF
Full model	26/12/2015	17/05/2016	07/06/2016	Dutch	PDF
Full model	27/12/2014	26/06/2015	09/07/2015	Dutch	PDF
Full model	28/12/2013	24/02/2014	12/03/2014	Dutch	PDF
Full model	29/12/2012	14/03/2013	22/04/2013	Dutch	PDF
Full model	31/12/2011	04/04/2012	23/05/2012	Dutch	PDF
Full model	31/12/2010	28/04/2011	17/06/2011	Dutch	PDF
Full model	31/12/2009	26/04/2010	02/05/2010	Dutch	PDF
Full model	31/12/2008	04/05/2009	11/06/2009	Dutch	PDF
Full model	31/12/2007	03/06/2008	28/07/2008	Dutch	PDF
Full model	31/12/2006	20/04/2007	05/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 active · 12 ended

Active mandates

COVETRUS HOLDING

Managing director · since 13 février 2023 · until 31 mai 2027 · 0479.158.719

Represented by Bernardus Stephanus Gerardus Fierkens

Active

Graham Rhodes

Director · since 13 février 2023 · until 18 mai 2027

Active

Ended mandates

Covetrus BV

Chairman of the board of directors · since 01 juin 2021 · until 31 mai 2027

Represented by Linda BERIX

Ended

COVETRUS HOLDING

Managing director · since 01 juin 2021 · until 31 mai 2027 · 0479.158.719

Represented by Frederik De Vos

Ended

AUV VETERINARY SERVICES BV

Chairman of the board of directors · since 12 mai 2015 · until 31 mai 2021

Represented by Linda BERIX

Ended

Covetrus BV

Chairman of the board of directors · since 12 mai 2015 · until 31 mai 2021

Represented by Linda BERIX

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2020
ONTSLAGEN - BENOEMINGEN
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 20252,7 M €↑
2024
Annual accounts 20242 M €↑
2023
Annual accounts 2023533,3 k €↓
2022
Annual accounts 20222,2 M €↑
2021
Annual accounts 20212,1 M €↑
2020
Annual accounts 20201,8 M €↑
2019
Annual accounts 20191,1 M €↓
2018
Annual accounts 20181,1 M €↑
2018
Name changeCOVETRUS
2017
Annual accounts 20171 M €↓
2016
Annual accounts 20161,1 M €↑
2015
Annual accounts 2015352,9 k €↓
2014
Annual accounts 2014369,5 k €↓
2013
Annual accounts 2013591 k €↑
2012
Annual accounts 2012510,4 k €↓
2011
Annual accounts 2011530,8 k €↑
2010
Annual accounts 2010265,4 k €↑
2009
Annual accounts 2009-35,9 k €↓
2008
Annual accounts 2008103,5 k €↓
2007
Annual accounts 2007150,2 k €↑
2007
Name changeVAL D'HONY - VERDIFARM
2006
Annual accounts 200689,9 k €
2006
Name changeVERDIFARM
21/05/1986
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

COVETRUS

Overview

What does COVETRUS 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