ACTIVE

PALATINE

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Financial year 2025 · closed on 31/12/2025

Net result

-60,9 k €

+32.8% YoY

Gross margin

728,3 k €

+6.3% YoY

Equity

487,1 k €

-11.1% YoY

Workforce

7,4 ETP

+4.2% YoY

What does PALATINE do?

PALATINE is a Public limited company incorporated in 1987. Its registered office is in Etterbeek. It employs on average 7,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.811.444

Incorporation

25/03/1987

Legal form

Public limited company

Registered office

Rue Gérard 150
1040 Etterbeek · BruxellesSee on map

Contributed capital

61 913,88 €

Latest accounts

31/12/2025

Average workforce

7,4 ETP

Joint committees (1)

Signals

Positive cashflowPositive EBITDAHealthy social debts

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
Gross margin	728,3 k €	+6.3%	685,3 k €	-2.3%	701,4 k €	-0.9%	707,9 k €	-0.7%	713 k €	+2.6%	695,1 k €	+3.0%	674,9 k €	-2.2%	689,8 k €	+17.5%	587,1 k €	-6.0%	624,4 k €	+567%	93,6 k €	+11.0%	84,4 k €	+3.9%	81,2 k €	+11.7%	72,7 k €	-6.2%	77,5 k €	-73.2%	288,8 k €	-22.8%	374,1 k €	+2.1%	366,3 k €	+3.0%	355,6 k €	+65.4%	215 k €
EBITDA	205,2 k €	+17.1%	175,2 k €	-35.8%	272,9 k €	-0.3%	273,7 k €	-11.3%	308,6 k €	+4.4%	295,5 k €	+12.3%	263,2 k €	-11.4%	297 k €	+20.3%	246,8 k €	-6.5%	264 k €	+194%	89,7 k €	+10.4%	81,2 k €	+4.0%	78,1 k €	+12.3%	69,5 k €	-6.7%	74,5 k €	-28.0%	103,5 k €	-19.7%	128,9 k €	-29.8%	183,8 k €	+32.5%	138,7 k €	+2.9%	134,7 k €
Operating result	80,9 k €	+55.9%	51,9 k €	-63.5%	142,1 k €	-12.6%	162,6 k €	-14.4%	189,8 k €	+35.0%	140,6 k €	+30.4%	107,8 k €	-24.5%	142,7 k €	+53.6%	92,9 k €	-17.5%	112,6 k €	+177%	-145,9 k €	-1112%	14,4 k €	-19.4%	17,9 k €	+1.3%	17,7 k €	-30.4%	25,4 k €	-51.5%	52,3 k €	-24.0%	68,8 k €	-42.0%	118,7 k €	+72.9%	68,7 k €	-2.0%	70 k €
Net result	-60,9 k €	+32.8%	-90,7 k €	-309%	43,4 k €	-64.2%	121,4 k €	-8.5%	132,6 k €	+78.8%	74,2 k €	+105%	36,1 k €	-55.5%	81,2 k €	+345%	18,3 k €	-43.7%	32,4 k €	+120%	-159,5 k €	-1496%	11,4 k €	+85.5%	6,2 k €	-12.1%	7 k €	-42.8%	12,3 k €	+586%	1,8 k €	-39.2%	2,9 k €	-92.4%	38,5 k €	+471%	6,8 k €	-50.7%	13,7 k €
Balance sheet
Equity	487,1 k €	-11.1%	548 k €	-14.2%	638,7 k €	+7.3%	595,3 k €	+15.8%	513,8 k €	+19.2%	431,2 k €	+15.9%	372,1 k €	+6.0%	351 k €	+30.1%	269,8 k €	+7.3%	251,5 k €	+14.8%	219,1 k €	-42.1%	378,7 k €	+3.1%	367,3 k €	+1.7%	361,1 k €	+2.0%	354,1 k €	+3.6%	341,8 k €	+0.5%	340 k €	+0.9%	337,1 k €	+12.9%	298,6 k €	+2.3%	291,8 k €
Total assets	6,6 M €	-3.3%	6,8 M €	-1.4%	6,9 M €	+124%	3,1 M €	+4.2%	3 M €	+5.5%	2,8 M €	-0.8%	2,8 M €	+2.2%	2,8 M €	-4.5%	2,9 M €	-7.0%	3,1 M €	+35.4%	2,3 M €	+214%	730,6 k €	-3.4%	756,4 k €	-1.6%	768,8 k €	+14.1%	673,8 k €	-5.5%	713,3 k €	-20.0%	891,8 k €	-2.5%	914,2 k €	-9.0%	1 M €	+9.5%	917,8 k €
Cash	114,8 k €	+3.6%	110,8 k €	+9.6%	101,2 k €	-46.7%	189,8 k €	-32.1%	279,6 k €	+75.5%	159,2 k €	-19.6%	198,1 k €	+31.7%	150,4 k €	-1.2%	152,3 k €	+15.6%	131,8 k €	+495%	22,2 k €	-70.1%	74,1 k €	+404%	14,7 k €	-66.6%	44 k €	-70.1%	147,4 k €	+64.6%	89,6 k €	+88.1%	47,6 k €	+43.6%	33,2 k €	-77.6%	147,8 k €	+131%	64,1 k €
Debts	6,1 M €	-2.7%	6,3 M €	-0.1%	6,3 M €	+152%	2,5 M €	+1.7%	2,4 M €	+3.0%	2,4 M €	-3.2%	2,4 M €	+1.6%	2,4 M €	-8.1%	2,6 M €	-8.3%	2,9 M €	+37.6%	2,1 M €	+490%	351,9 k €	-9.4%	388,4 k €	-4.7%	407,7 k €	+27.5%	319,7 k €	-13.9%	371,5 k €	-32.6%	550,9 k €	-4.4%	576,3 k €	-9.8%	638,9 k €	+2.1%	626 k €
Other
Workforce	7,4 ETP	+4.2%	7,1 ETP	+14.5%	6,2 ETP	-13.9%	7,2 ETP	+5.9%	6,8 ETP	-1.4%	6,9 ETP	-1.4%	7,0 ETP	+1.4%	6,9 ETP	+13.1%	6,1 ETP	-18.7%	7,5 ETP		–		–		–		–		–		4,0 ETP	-23.1%	5,2 ETP	+13.0%	4,6 ETP	+15.0%	4,0 ETP	+42.9%	2,8 ETP

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 · 3 active · 22 ended

Active mandates

BLUESTONE

Managing director · since 01 janvier 2016 · until 30 juin 2028 · 0473.173.918

Represented by RANSART PAUL

Active

CAROLINE DECARPENTRIE

Director · since 01 janvier 2016 · until 30 juin 2028

Active

PHARMACOACH

Director · since 01 janvier 2016 · until 30 juin 2028 · 0644.955.374

Represented by RANSART PAUL

Active

Ended mandates

BLUESTONE

Managing director · since 01 janvier 2016 · until 30 juin 2023 · 0473.173.918

Represented by Paul Ransart

Ended

BLUESTONE

Managing director · since 01 janvier 2016 · until 30 juin 2028 · 0473.173.918

Represented by PAUL RANSART

Ended

Caroline Decarpentrie

Director · since 01 janvier 2016 · until 30 juin 2023

Ended

PHARMACOACH

Director · since 01 janvier 2016 · until 30 juin 2028 · 0644.955.374

Represented by STEPHANIE THOMAES

Ended

At this address

Other companies at this address

Company	CBE no.
DIGITALE● Active	0458.136.641
GROUPE DIGITALE● Active	0546.713.477
PHARMARIVE● Active	0521.688.764

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	22/08/2026	21/08/2025	09/10/2024	29/10/2023	14/10/2022	30/09/2021
General meeting	07/08/2026	08/08/2025	30/06/2024	15/10/2023	12/10/2022	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	07/08/2026	22/08/2026	French	PDF
Abridged model	31/12/2024	08/08/2025	21/08/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	09/10/2024	French	PDF
Abridged model	31/12/2022	15/10/2023	29/10/2023	French	PDF
Abridged model	31/12/2021	12/10/2022	14/10/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	30/09/2021	French	PDF
Abridged model	31/12/2019	08/09/2020	30/10/2020	French	PDF
Abridged model	31/12/2018	30/06/2019	14/10/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	28/09/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	27/09/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	06/10/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	12/04/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	13/03/2013	25/09/2013	Dutch	PDF
Abridged model	31/12/2011	14/04/2012	25/09/2012	Dutch	PDF
Abridged model	31/12/2010	09/04/2011	25/10/2011	Dutch	PDF
Abridged model	31/12/2009	04/01/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/04/2009	20/08/2009	Dutch	PDF
Abridged model	31/12/2007	12/04/2008	03/07/2008	Dutch	PDF
Abridged model	31/12/2006	14/04/2007	04/07/2007	Dutch	PDF

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 · 3 active · 22 ended

Active mandates

BLUESTONE

Managing director · since 01 janvier 2016 · until 30 juin 2028 · 0473.173.918

Represented by RANSART PAUL

Active

CAROLINE DECARPENTRIE

Director · since 01 janvier 2016 · until 30 juin 2028

Active

PHARMACOACH

Director · since 01 janvier 2016 · until 30 juin 2028 · 0644.955.374

Represented by RANSART PAUL

Active

Ended mandates

BLUESTONE

Managing director · since 01 janvier 2016 · until 30 juin 2023 · 0473.173.918

Represented by Paul Ransart

Ended

BLUESTONE

Managing director · since 01 janvier 2016 · until 30 juin 2028 · 0473.173.918

Represented by PAUL RANSART

Ended

Caroline Decarpentrie

Director · since 01 janvier 2016 · until 30 juin 2023

Ended

PHARMACOACH

Director · since 01 janvier 2016 · until 30 juin 2028 · 0644.955.374

Represented by STEPHANIE THOMAES

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other22/09/2026
—
PDF
Other15/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Other15/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates29/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates08/01/2015
DENOMINATION - OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-60,9 k €↑
2024
Annual accounts 2024-90,7 k €↓
2023
Annual accounts 202343,4 k €↓
2022
Annual accounts 2022121,4 k €↓
2021
Annual accounts 2021132,6 k €↑
2020
Annual accounts 202074,2 k €↑
2019
Annual accounts 201936,1 k €↓
2018
Annual accounts 201881,2 k €↑
2017
Annual accounts 201718,3 k €↓
2016
Annual accounts 201632,4 k €↑
2015
Annual accounts 2015-159,5 k €↓
2014
Annual accounts 201411,4 k €↑
2013
Annual accounts 20136,2 k €↓
2012
Annual accounts 20127 k €↓
2011
Annual accounts 201112,3 k €↑
2010
Annual accounts 20101,8 k €↓
2009
Annual accounts 20092,9 k €↓
2008
Annual accounts 200838,5 k €↑
2007
Annual accounts 20076,8 k €↓
2006
Annual accounts 200613,7 k €
25/03/1987
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

PALATINE

Overview

What does PALATINE 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