ACTIVE

NO HEADACHE

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Financial year 2025 · closed on 31/12/2025
Net result
2,6 k €
-71.4% YoY
Gross margin
10,4 k €
-48.9% YoY
Equity
191,9 k €
+1.4% YoY

What does NO HEADACHE do?

NO HEADACHE is a Public limited company incorporated in 1986. Its main activity is: Manufacture of basic pharmaceutical products. Its registered office is in Ixelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0430.126.506
Incorporation
15/12/1986
Legal form
Public limited company
Registered office
Avenue Louise 500 box 134
1050 Ixelles · BruxellesSee on map
Contributed capital
74 368,06 €
Latest accounts
31/12/2025
Activities (NACE)
21100Manufacture of basic pharmaceutical products· main21100Manufacture of basic pharmaceutical products18130Pre-press and pre-media services18130Pre-press and pre-media services25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy25620Machining+20
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620142013201220112010200920082007
Income statement
Gross margin10,4 k €20,4 k €2 k €-9,7 k €19,1 k €13,2 k €16,2 k €31,3 k €23,5 k €72,8 k €-14,4 k €-43,5 k €-37,9 k €-41,9 k €-20,9 k €104,1 k €30 k €-8,3 k €
EBITDA8,8 k €18,2 k €2 k €-9,7 k €19,1 k €129,6 €16,2 k €30,9 k €22,7 k €72,7 k €-14,7 k €-44 k €-38,4 k €-48,6 k €-22,5 k €99,9 k €28 k €-12,3 k €
Operating result-6 k €1,2 k €-12,3 k €-13,6 k €-6,5 k €-25,1 k €-7,4 k €5,5 k €-4,1 k €52,3 k €-19,6 k €-52,6 k €-44,6 k €-54,6 k €-34,2 k €91,9 k €26,9 k €-14 k €
Net result2,6 k €9,1 k €-6,6 k €-8,5 k €-2,2 k €-21,5 k €2 k €13,4 k €483,9 €57,4 k €-47 k €-46,2 k €-160,3 k €-52,2 k €-31,4 k €-438,7 k €-3,6 k €-27,3 k €
Balance sheet
Equity191,9 k €189,3 k €180,2 k €186,8 k €195,3 k €197,5 k €219 k €217 k €203,6 k €203,1 k €100,8 k €147,8 k €194,1 k €354,4 k €406,5 k €437,9 k €876,6 k €880,2 k €
Total assets261,7 k €254,5 k €257,1 k €256,4 k €262,5 k €251,4 k €233,6 k €257 k €256,9 k €235,9 k €155,7 k €165,6 k €236,2 k €377,7 k €434,7 k €470,3 k €1,6 M €1,5 M €
Cash739,5 €602,9 €139,9 €4,8 k €4,2 k €136,8 €–––15,4 k €1,2 k €3,3 k €–––14,1 k €5,7 k €988,5 €
Debts21,3 k €16,7 k €28,4 k €23,1 k €14,9 k €13,1 k €14,6 k €40 k €53,2 k €32,8 k €54,9 k €17,8 k €42,2 k €23,2 k €28,2 k €32,4 k €623,3 k €619,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

JEAN-MARIE GHISLAIN

Managing director · since 01 janvier 2016 · until 14 décembre 2027

Active

Ended mandates

GHISLAIN JEAN-MARIE

Managing director · since 01 janvier 2016 · until 14 décembre 2021

Ended
Jean-Marie GHISLAIN

Director · since 01 janvier 2016 · until 14 décembre 2027

Ended
REINA SATO

Director · since 01 janvier 2016 · until 14 décembre 2021

Ended
REINA SATO

Director · since 01 janvier 2016 · until 14 décembre 2027

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year31/12/202531/12/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months18 months12 months12 months12 months12 months
Filing date11/07/202626/06/202529/01/202431/01/202315/01/202220/02/2021
General meeting12/05/202613/05/202530/12/202331/12/202214/12/202108/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202512/05/202611/07/2026FrenchPDF
Micro model31/12/202413/05/202526/06/2025FrenchPDF
Micro model30/06/202330/12/202329/01/2024FrenchPDF
Micro model30/06/202231/12/202231/01/2023FrenchPDF
Micro model30/06/202114/12/202115/01/2022FrenchPDF
Micro model30/06/202008/12/202020/02/2021FrenchPDF
Micro model30/06/201910/12/201930/12/2019FrenchPDF
Micro model30/06/201811/12/201813/12/2018FrenchPDF
Micro model30/06/201712/12/201711/01/2018FrenchPDF
Abridged model30/06/201613/12/201628/12/2016FrenchPDF
Abridged model30/06/201409/12/201429/01/2015FrenchPDF
Abridged model30/06/201310/12/201307/01/2014FrenchPDF
Abridged model30/06/201212/12/201220/06/2013FrenchPDF
Abridged model30/06/201113/12/201126/12/2011FrenchPDF
Abridged model30/06/201014/12/201026/12/2011FrenchPDF
Abridged model30/06/200908/12/200908/01/2010FrenchPDF
Abridged model30/06/200809/12/200829/12/2008FrenchPDF
Abridged model30/06/200711/12/200714/01/2008FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 1 active · 13 ended

Active mandates

JEAN-MARIE GHISLAIN

Managing director · since 01 janvier 2016 · until 14 décembre 2027

Active

Ended mandates

GHISLAIN JEAN-MARIE

Managing director · since 01 janvier 2016 · until 14 décembre 2021

Ended
Jean-Marie GHISLAIN

Director · since 01 janvier 2016 · until 14 décembre 2027

Ended
REINA SATO

Director · since 01 janvier 2016 · until 14 décembre 2021

Ended
REINA SATO

Director · since 01 janvier 2016 · until 14 décembre 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL - DIVERS - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Registered office28/11/2019
    SIEGE SOCIAL
    PDF
  • Registered office29/08/2018
    SIEGE SOCIAL
    PDF
  • Mandates03/06/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/12/2012
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/10/2009
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/02/2009
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/07/2005
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 20252,6 k €↓
  2. 2024
    Annual accounts 20249,1 k €↑
  3. 2023
    Annual accounts 2023-6,6 k €↑
  4. 2022
    Annual accounts 2022-8,5 k €↓
  5. 2021
    Annual accounts 2021-2,2 k €↑
  6. 2020
    Annual accounts 2020-21,5 k €↓
  7. 2019
    Annual accounts 20192 k €↓
  8. 2018
    Annual accounts 201813,4 k €↑
  9. 2017
    Annual accounts 2017483,9 €↓
  10. 2016
    Annual accounts 201657,4 k €↑
  11. 2014
    Annual accounts 2014-47 k €↓
  12. 2013
    Annual accounts 2013-46,2 k €↑
  13. 2012
    Annual accounts 2012-160,3 k €↓
  14. 2011
    Annual accounts 2011-52,2 k €↓
  15. 2010
    Annual accounts 2010-31,4 k €↑
  16. 2009
    Annual accounts 2009-438,7 k €↓
  17. 2008
    Annual accounts 2008-3,6 k €↑
  18. 2007
    Annual accounts 2007-27,3 k €
  19. 15/12/1986
    IncorporationPublic limited company