VOLUNTARY DISSOLUTION - LIQUIDATION

Corden Pharma Brussels

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Company — Voluntary dissolution - liquidation.

Financial year 2024 · Closed on 31/12/2024

Net result-11,8 M €+61,4 %over 1 year
Revenue3,3 M €-80,9 %over 1 year
Equity-38,1 M €-44,9 %over 1 year
Workforce51,5 ETP-47,0 %over 1 year

Identity

Source · BCE/KBO

Corden Pharma Brussels is a Public limited company incorporated in 1987. Its main activity is: Manufacture of other organic basic chemicals. Its registered office is in Ixelles. It employs on average 51,5 ETP workers (FTE).

Legal situation
Voluntary dissolution - liquidation
BCE/KBO no. / VAT
BE 0430.891.915
Incorporation
09/04/1987
Legal form
Public limited company
Registered office
Avenue Louise 523
1050 Ixelles · BruxellesSee on map
Contributed capital
18 845 000,00 €
Latest accounts
31/12/2024
Average workforce
51,5 ETP
Joint committees (1)
  • 207
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 18 financial years

20242023202220212020
Income statement
Revenue3,3 M €17,2 M €17,9 M €26,1 M €24,3 M €
EBITDA-17,5 M €-11,4 M €2,1 M €7,5 M €5 M €
Operating result-10,3 M €-29,8 M €1 M €6,9 M €1,2 M €
Net result-11,8 M €-30,5 M €735,4 k €6 M €1,3 M €
Balance sheet
Equity-38,1 M €-26,3 M €4,3 M €3,6 M €-2,4 M €
Total assets1,2 M €10,2 M €22,7 M €18,4 M €17,9 M €
Cash760,7 k €102,5 k €1,5 M €927,8 k €3,6 M €
Debts35,9 M €24,2 M €16 M €12,1 M €15,8 M €
Other
Workforce51,5 ETP97,2 ETP84,3 ETP74,7 ETP79,1 ETP

Board of directors

Source · NBB, accounts to 31/12/2024

4 active · 50 ended

Active mandates

Wim HEETHEM

Liquidator · since 28 mars 2025

Active
Lee NEWTON

Director · since 22 novembre 2023 · until 28 mars 2025

Active
Naoki TAKEI

Director · since 22 novembre 2023 · until 28 mars 2025

Active
Jean-Luc DEWEZ

Managing director · since 02 janvier 2021 · until 28 mars 2025

Active

Ended mandates

Lee NEWTON

Director · since 22 novembre 2023 · until 21 novembre 2029

Ended
Naoki TAKEI

Director · since 22 novembre 2023 · until 21 novembre 2029

Ended
Jean-Luc DEWEZ

Managing director · since 02 janvier 2021 · until 02 janvier 2027

Ended
Martin LEITGEB

Director · since 30 mars 2020 · until 15 octobre 2021

Ended

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Full financial information

Source · NBB
202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/09/202530/10/202427/07/202328/06/202221/06/202128/07/2020
General meeting12/06/202529/10/202427/07/202313/06/202214/06/202127/07/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202412/06/202524/09/2025FrenchPDF
Full model31/12/202329/10/202430/10/2024FrenchPDF
Full model31/12/202227/07/202327/07/2023FrenchPDF
Full model31/12/202113/06/202228/06/2022FrenchPDF
Full model31/12/202014/06/202121/06/2021FrenchPDF
Full model31/12/201927/07/202028/07/2020FrenchPDF
Full model31/12/201809/08/201914/10/2019FrenchPDF
Full modelCorrection31/12/201711/06/201816/10/2018FrenchPDF
Full model31/12/201711/06/201813/06/2018FrenchPDF
Full model31/12/201612/06/201727/06/2017FrenchPDF
Full modelCorrection31/12/201528/06/201601/03/2017FrenchPDF
Full model31/12/201528/06/201629/06/2016FrenchPDF
Full model31/12/201408/06/201508/07/2015FrenchPDF
Full modelCorrection31/12/201309/06/201415/09/2014FrenchPDF
Full model31/12/201309/06/201424/06/2014FrenchPDF
Full model31/12/201210/06/201314/06/2013FrenchPDF
Full model31/12/201111/06/201217/07/2012FrenchPDF
Full model31/12/201020/06/201123/06/2011FrenchPDF
Full model31/12/200914/06/201012/07/2010FrenchPDF
Full model31/12/200808/06/200925/06/2009FrenchPDF
Full model31/12/200709/06/200808/07/2008FrenchPDF
Full model31/12/200611/06/200720/06/2007FrenchPDF

Indicative valuation

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.

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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 31/12/2024

4 active · 50 ended

Active mandates

Wim HEETHEM

Liquidator · since 28 mars 2025

Active
Lee NEWTON

Director · since 22 novembre 2023 · until 28 mars 2025

Active
Naoki TAKEI

Director · since 22 novembre 2023 · until 28 mars 2025

Active
Jean-Luc DEWEZ

Managing director · since 02 janvier 2021 · until 28 mars 2025

Active

Ended mandates

Lee NEWTON

Director · since 22 novembre 2023 · until 21 novembre 2029

Ended
Naoki TAKEI

Director · since 22 novembre 2023 · until 21 novembre 2029

Ended
Jean-Luc DEWEZ

Managing director · since 02 janvier 2021 · until 02 janvier 2027

Ended
Martin LEITGEB

Director · since 30 mars 2020 · until 15 octobre 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office29/04/2025
    SIEGE SOCIAL
    PDF
  • Mandates16/04/2025
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/01/2022
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates07/01/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Other09/11/2021
    DIVERS
    PDF
  • Other10/09/2021
    OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

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

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Timeline

  1. 2024
    Annual accounts 2024-11,8 M €↑
  2. 2023
    Annual accounts 2023-30,5 M €↓
  3. 2022
    Annual accounts 2022735,4 k €↓
  4. 2021
    Annual accounts 20216 M €↑
  5. 2020
    Annual accounts 20201,3 M €↑
  6. 2019
    Annual accounts 2019-5,3 M €↓
  7. 2018
    Annual accounts 2018-3,7 M €↓
  8. 2017
    Annual accounts 2017-2,4 M €↓
  9. 2016
    Annual accounts 2016-1,4 M €↑
  10. 2015
    Annual accounts 2015-3,9 M €↑
  11. 2014
    Annual accounts 2014-7,5 M €↓
  12. 2013
    Annual accounts 2013-1,6 M €↓
  13. 2012
    Annual accounts 2012110,2 k €↑
  14. 2011
    Annual accounts 201126 k €↓
  15. 2010
    Annual accounts 2010283,9 k €↑
  16. 2009
    Annual accounts 2009214,9 k €↓
  17. 2008
    Annual accounts 2008461,5 k €↑
  18. 2007
    Annual accounts 2007264,4 k €
  19. 09/04/1987
    IncorporationPublic limited company