ACTIVE

Ap. Pharmamax

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Financial year 2025 · Closed on 31/12/2025

Net result130,7 k €-55,0 %over 1 year

Gross margin184 k €-47,9 %over 1 year

Equity377,7 k €+7,9 %over 1 year

Workforce0,0 ETP-100,0 %over 1 year

Identity

Source · BCE/KBO

Ap. Pharmamax is a Private company with limited liability incorporated in 1988. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Boom.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0434.458.941
Incorporation: 04/06/1988
Legal form: Private company with limited liability
Registered office: Peter Benoitstraat 46
2850 Boom · FlandreSee on map
Contributed capital: 25 000,00 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Activities (NACE)

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

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	184 k €	-47.9%	353,4 k €	-4.1%	368,4 k €	+2.0%	361,2 k €	+12.9%	320 k €
EBITDA	182,2 k €	-43.7%	323,9 k €	-6.5%	346,5 k €	+5.5%	328,3 k €	+14.5%	286,8 k €
Operating result	171,7 k €	-45.0%	312 k €	-6.1%	332,2 k €	+3.8%	320,1 k €	+17.5%	272,4 k €
Net result	130,7 k €	-55.0%	290,2 k €	-10.2%	323 k €	+45.3%	222,4 k €	+18.1%	188,3 k €
Balance sheet
Equity	377,7 k €	+7.9%	350 k €	+0.1%	349,8 k €	+7.0%	326,8 k €	+213%	104,4 k €
Total assets	1,1 M €	+7.4%	1 M €	+18.6%	851,8 k €	+48.7%	572,9 k €	+25.8%	455,5 k €
Cash	549,6 k €	+54.6%	355,5 k €	+3.5%	343,5 k €	+47.7%	232,5 k €	+117%	106,9 k €
Debts	707,5 k €	+7.2%	660,1 k €	+58.9%	415,4 k €	+68.8%	246,1 k €	-29.8%	350,4 k €
Other
Workforce	0,0 ETP	-100%	0,8 ETP	0.0%	0,8 ETP		0,0 ETP	-100%	0,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pharmagrex0635.846.678Represented by Martine Bleys	Directorsince 01/09/2015Manager01/09/2015 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pharmagrex NVRepresented by Martine Bleys	Bestuurder01/09/2015 → 2021 accounts
Filip Baute	Manager20/11/2013 → 2014 accounts
Steven Meuleman	Manager01/07/2008 → 2014 accounts
Mari-Rose Vogelaers	Manager2007 accounts

Other companies at this address

Peter Benoitstraat 46 2850 Boom

Company	CBE no.
Pharmagrex● Active	0635.846.678

Full financial information

Source · NBB

	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	29/09/2026	04/09/2025	17/12/2024	18/12/2023	29/09/2022	17/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	03/06/2022	04/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	29/09/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	04/09/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	17/12/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	18/12/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	29/09/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	08/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	22/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	21/07/2011	Dutch	PDF
Abridged model	30/06/2010	24/09/2010	18/01/2011	Dutch	PDF
Abridged model	30/06/2009	25/09/2009	05/02/2010	Dutch	PDF
Abridged model	30/06/2008	26/09/2008	23/12/2008	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	15/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	29/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pharmagrex0635.846.678Represented by Martine Bleys	Directorsince 01/09/2015Manager01/09/2015 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pharmagrex NVRepresented by Martine Bleys	Bestuurder01/09/2015 → 2021 accounts
Filip Baute	Manager20/11/2013 → 2014 accounts
Steven Meuleman	Manager01/07/2008 → 2014 accounts
Mari-Rose Vogelaers	Manager2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/10/2015
Naamwijziging — Statutenwijzigingen — Ontslag van de statutaire :
PDF
Mandates03/12/2013
benoeming statutair zaakvoerder
PDF
Mandates01/10/2010
ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates20/06/2008
ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Capital / shares19/09/2007
Buitengewone algemene vergadering — Kapitaalvermindering-
PDF
Capital / shares16/10/2006
| KAPITAALVERHOGING - OMZETTING VAN HET KAPITAAL IN EURO STATUTENWIJZIGING
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings15 filings

Mandates

Pharmagrex

Pharmagrex NV

Filip Baute

Steven Meuleman

Mari-Rose Vogelaers

198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Ap. Pharmamax

Peter Benoitstraat 46, 2850 Boom

DirectorManager

Bestuurder

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Peter Benoitstraat 46, 2850 BoomCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00547893

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Ap. PharmamaxCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00547893
Pharmamax BVBA	accounts 2021	Accounts 2021 · 2022-20439554

Events

2025
Annual accounts 2025130,7 k €↓
2024
Annual accounts 2024290,2 k €↓
2023
Annual accounts 2023323 k €↑
2022
Annual accounts 2022222,4 k €↑
2022
Name changeAp. Pharmamax
2021
Annual accounts 2021188,3 k €↑
2014
Annual accounts 2014-27,9 k €↑
2013
Annual accounts 2013-156,5 k €↓
2012
Annual accounts 2012-56,2 k €↑
2011
Annual accounts 2011-64,3 k €↓
2010
Annual accounts 201030,5 k €↑
2010
Annual accounts 2010-5,4 k €↑
2009
Annual accounts 2009-7,9 k €↓
2008
Annual accounts 20086,7 k €↓
2007
Annual accounts 200715,9 k €↑
2006
Annual accounts 2006-22,2 k €
04/06/1988
IncorporationPrivate company with limited liability

Ap. Pharmamax

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events