ACTIVE

Apotheek Devroe

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Financial year 2025 · closed on 31/12/2025

Net result

280,7 k €

-29.7% YoY

Gross margin

1,4 M €

+5.9% YoY

Equity

1,6 M €

+20.5% YoY

Workforce

6,8 ETP

-8.1% YoY

What does Apotheek Devroe do?

Apotheek Devroe is a Private limited company incorporated in 1987. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Tielt. It employs on average 6,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.762.926

Incorporation

21/12/1987

Legal form

Private limited company

Registered office

Kortrijkstraat 129
8700 Tielt · FlandreSee on map

Contributed capital

20 592,01 €

Latest accounts

31/12/2025

Average workforce

6,8 ETP

Activities (NACE)

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

Joint committees (2)

313
31300

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	+5.9%	1,3 M €	+12.2%	1,1 M €	+14.7%	997,1 k €	+16.8%	853,5 k €	+80.9%	471,9 k €	-6.9%	507 k €	+0.4%	505 k €	+13.7%	444 k €	-11.1%	499,3 k €	+25.4%	398,3 k €	+6.1%	375,4 k €	+4.9%	357,7 k €	+7.6%	332,5 k €	-15.8%	395,1 k €	+262%	109,1 k €	+31.6%	82,9 k €	-30.3%	118,9 k €
EBITDA	674,8 k €	-14.0%	785 k €	+21.1%	648 k €	+14.2%	567,3 k €	+81.3%	312,9 k €	+436%	-93,2 k €	-148%	196,2 k €	-2.0%	200,3 k €	+19.9%	167,1 k €	-28.8%	234,8 k €	+47.8%	158,9 k €	-2.5%	162,9 k €	-9.5%	180 k €	+6.1%	169,7 k €	-34.0%	257,1 k €	+360%	55,8 k €	+76.5%	31,6 k €	-53.9%	68,7 k €
Operating result	524,3 k €	-18.9%	646,5 k €	+36.1%	475,1 k €	+14.8%	414 k €	+173%	151,8 k €	+188%	-173,1 k €	-291%	90,5 k €	+9.6%	82,6 k €	-11.5%	93,3 k €	-41.7%	160 k €	+82.2%	87,8 k €	-1.1%	88,7 k €	+60.5%	55,3 k €	-7.6%	59,9 k €	+28.8%	46,5 k €	+53.1%	30,4 k €	+2349%	-1,4 k €	-104%	35,3 k €
Net result	280,7 k €	-29.7%	399,4 k €	+39.8%	285,6 k €	+15.2%	247,9 k €	+890%	25 k €	+113%	-187,6 k €	-357%	73,1 k €	+7.6%	68 k €	-16.7%	81,6 k €	-43.6%	144,7 k €	+1290%	-12,2 k €	-104%	274,1 k €	+1363%	18,7 k €	-24.2%	24,7 k €	+30.8%	18,9 k €	-49.4%	37,4 k €	+673%	4,8 k €	-83.6%	29,6 k €
Balance sheet
Equity	1,6 M €	+20.5%	1,4 M €	+41.2%	967,4 k €	+10.7%	873,6 k €	+39.4%	626,5 k €	+48.5%	422 k €	-30.8%	609,5 k €	+0.0%	609,4 k €	+0.7%	605,4 k €	+0.7%	601,3 k €	+2.5%	586,6 k €	-2.0%	598,8 k €	+59.8%	374,6 k €	+5.3%	355,9 k €	+7.5%	331,2 k €	+3.7%	319,3 k €	+13.3%	281,9 k €	+1.7%	277,1 k €
Total assets	4,3 M €	+1.4%	4,2 M €	+2.5%	4,1 M €	+7.0%	3,9 M €	+9.5%	3,5 M €	+180%	1,3 M €	-20.9%	1,6 M €	-3.8%	1,7 M €	+10.9%	1,5 M €	-12.6%	1,7 M €	+4.2%	1,6 M €	-8.8%	1,8 M €	+6.6%	1,7 M €	+28.9%	1,3 M €	-2.6%	1,3 M €	+268%	363,7 k €	-10.1%	404,6 k €	-56.8%	936 k €
Cash	594,1 k €	+66.3%	357,2 k €	+22.4%	291,9 k €	-55.7%	659 k €	+213%	210,7 k €	-14.0%	244,8 k €	+6.2%	230,6 k €	+1.7%	226,8 k €	-5.9%	240,9 k €	+2.8%	234,3 k €	-6.0%	249,3 k €	+32.1%	188,7 k €	-24.9%	251,1 k €	+96.1%	128,1 k €	-32.9%	190,8 k €	-7.6%	206,4 k €	-3.9%	214,8 k €	-23.5%	281 k €
Debts	2,6 M €	-7.6%	2,9 M €	-9.6%	3,2 M €	+6.0%	3 M €	+3.1%	2,9 M €	+250%	825,1 k €	-14.7%	967,8 k €	-6.7%	1 M €	+18.0%	878,9 k €	-19.9%	1,1 M €	+5.1%	1 M €	-8.9%	1,1 M €	-12.3%	1,3 M €	+37.7%	948,3 k €	-5.9%	1 M €	+2592%	37,4 k €	-67.5%	115,4 k €	-82.1%	643,4 k €
Other
Workforce	6,8 ETP	-8.1%	7,4 ETP	-14.0%	8,6 ETP	+16.2%	7,4 ETP	+10.4%	6,7 ETP	+13.6%	5,9 ETP	-1.7%	6,0 ETP	-3.2%	6,2 ETP	+6.9%	5,8 ETP	+18.4%	4,9 ETP	+6.5%	4,6 ETP	+12.2%	4,1 ETP	+17.1%	3,5 ETP	+9.4%	3,2 ETP	0.0%	3,2 ETP	+88.2%	1,7 ETP	0.0%	1,7 ETP	0.0%	1,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Ruth Devroe

Director · since 15 juin 2021

Active

Ended mandates

BELLADONNA commanditaire vennootschap

Manager · since 01 janvier 2009 · 0878.208.108

Represented by Ruth Devroe

Ended

Belladonna

Manager · 0878.208.108

Represented by Ruth Devroe

Ended

Belladonna Comm.V

Manager · 0878.208.108

Represented by Ruth Devroe

Ended

Belladonna Comm.V.

Director · 0878.208.108

Represented by Devroe Ruth

Ended

At this address

Other companies at this address

Company	CBE no.
KOOLSKAMP FARMA● Active	0734.843.888
TAXUS● Active	0635.591.906
TIELT FARMA● Active	0797.444.621
WINGENE FARMA● Active	0668.455.803

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	21/05/2026	12/08/2025	29/08/2024	14/07/2023	31/08/2022	16/06/2021
General meeting	15/05/2026	14/06/2025	30/06/2024	26/06/2023	30/06/2022	12/06/2021
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	15/05/2026	21/05/2026	Dutch	PDF
Abridged model	31/12/2024	14/06/2025	12/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	14/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	12/06/2021	16/06/2021	Dutch	PDF
Abridged model	31/12/2019	13/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	21/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	16/10/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	20/09/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	08/07/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	09/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	24/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 9 ended

Active mandates

Ruth Devroe

Director · since 15 juin 2021

Active

Ended mandates

BELLADONNA commanditaire vennootschap

Manager · since 01 janvier 2009 · 0878.208.108

Represented by Ruth Devroe

Ended

Belladonna

Manager · 0878.208.108

Represented by Ruth Devroe

Ended

Belladonna Comm.V

Manager · 0878.208.108

Represented by Ruth Devroe

Ended

Belladonna Comm.V.

Director · 0878.208.108

Represented by Devroe Ruth

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring02/07/2021
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/04/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office09/02/2009
BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/01/2009
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/01/2006
DOEL - 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 2025280,7 k €↓
2024
Annual accounts 2024399,4 k €↑
2023
Annual accounts 2023285,6 k €↑
2022
Annual accounts 2022247,9 k €↑
2021
Annual accounts 202125 k €↑
2018
Annual accounts 2018-187,6 k €↓
2017
Annual accounts 201773,1 k €↑
2016
Annual accounts 201668 k €↓
2015
Annual accounts 201581,6 k €↓
2014
Annual accounts 2014144,7 k €↑
2013
Annual accounts 2013-12,2 k €↓
2012
Annual accounts 2012274,1 k €↑
2011
Annual accounts 201118,7 k €↓
2010
Annual accounts 201024,7 k €↑
2009
Annual accounts 200918,9 k €↓
2008
Annual accounts 200837,4 k €↑
2007
Annual accounts 20074,8 k €↓
2006
Annual accounts 200629,6 k €
21/12/1987
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

Apotheek Devroe

Overview

What does Apotheek Devroe do?

Trend over 18 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