ACTIVE

Pharmacie de Bavière

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Financial year 2025 · closed on 31/12/2025

Net result

156,8 k €

+24.4% YoY

Gross margin

523,4 k €

+14.1% YoY

Equity

317,1 k €

+17.3% YoY

Workforce

3,4 ETP

+25.9% YoY

What does Pharmacie de Bavière do?

Pharmacie de Bavière is a Public limited company incorporated in 1988. Its registered office is in Liège. It employs on average 3,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.439.721

Incorporation

21/12/1988

Legal form

Public limited company

Registered office

Rue des Bonnes-Villes 9
4020 Liège · WallonieSee on map

Contributed capital

99 157,41 €

Latest accounts

31/12/2025

Average workforce

3,4 ETP

Joint committees (1)

Signals

ProfitablePositive 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	523,4 k €	+14.1%	458,7 k €	+19.0%	385,5 k €	+13.9%	338,5 k €	+10.6%	306,1 k €	+20.3%	254,6 k €	+41.3%	180,2 k €	+4.0%	173,3 k €	+79.1%	96,8 k €	-25.9%	130,7 k €	+39.6%	93,6 k €	-21.8%	119,6 k €	+22.4%	97,7 k €	-9.1%	107,5 k €	-13.6%	124,5 k €	-10.5%	139,1 k €	-14.6%	162,9 k €	+31.7%	123,7 k €	+5.7%	117 k €	-7.5%	126,5 k €
EBITDA	321,9 k €	+16.7%	275,9 k €	+46.4%	188,4 k €	-11.3%	212,4 k €	+19.2%	178,2 k €	+39.2%	128 k €	+15.0%	111,3 k €	-12.7%	127,5 k €	+259%	35,5 k €	-61.7%	92,8 k €	+66.8%	55,6 k €	-33.2%	83,3 k €	+32.1%	63 k €	-8.7%	69,1 k €	+84.9%	37,4 k €	-27.6%	51,6 k €	-33.7%	77,8 k €	+90.9%	40,7 k €	-3.9%	42,4 k €	-14.3%	49,5 k €
Operating result	223,9 k €	+26.0%	177,7 k €	+37.2%	129,6 k €	-13.0%	149 k €	+35.1%	110,3 k €	+82.7%	60,4 k €	+11.2%	54,3 k €	-33.9%	82,1 k €	+1663%	4,7 k €	-93.5%	71,6 k €	+110%	34,2 k €	-53.3%	73,1 k €	+56.6%	46,7 k €	-29.3%	66 k €	+361%	14,3 k €	-62.8%	38,5 k €	-37.9%	62 k €	+159%	24 k €	-5.4%	25,3 k €	-19.9%	31,7 k €
Net result	156,8 k €	+24.4%	126,1 k €	+22.7%	102,7 k €	-14.3%	119,8 k €	+30.7%	91,7 k €	+125%	40,7 k €	+65.7%	24,5 k €	-54.1%	53,5 k €	+7273%	725,1 €	-98.7%	57,4 k €	+139%	24 k €	-63.9%	66,5 k €	+49.6%	44,5 k €	-21.7%	56,8 k €	+1374%	3,9 k €	-82.5%	22,1 k €	-51.9%	45,8 k €	+405%	9,1 k €	-33.0%	13,6 k €	-18.2%	16,6 k €
Balance sheet
Equity	317,1 k €	+17.3%	270,3 k €	+6.3%	254,2 k €	+1.1%	251,5 k €	+18.8%	211,7 k €	+5.8%	200 k €	+0.3%	199,3 k €	+0.3%	198,8 k €	+1.8%	195,3 k €	+0.4%	194,6 k €	+12.3%	173,2 k €	+0.0%	173,2 k €	+10.5%	156,7 k €	+5.7%	148,2 k €	+16.3%	127,4 k €	+3.1%	123,5 k €	+21.7%	101,5 k €	+82.4%	55,6 k €	+19.5%	46,6 k €	+41.1%	33 k €
Total assets	1,4 M €	-0.1%	1,4 M €	-10.8%	1,5 M €	+61.9%	948,9 k €	+2.0%	930,5 k €	-6.8%	998,2 k €	-25.9%	1,3 M €	+32.1%	1 M €	+49.3%	683,4 k €	+3.1%	662,6 k €	+1.9%	650,5 k €	+57.3%	413,6 k €	+2.4%	403,7 k €	+2.6%	393,5 k €	-17.9%	479,1 k €	+8.4%	441,9 k €	+2.5%	431,1 k €	+3.6%	416 k €	+5.8%	393,1 k €	-3.3%	406,6 k €
Cash	53 k €	-46.2%	98,5 k €	-41.0%	166,8 k €	+68.4%	99,1 k €	+99.4%	49,7 k €	-17.9%	60,5 k €	-59.1%	147,9 k €	-9.5%	163,3 k €	+65.2%	98,9 k €	-53.1%	210,6 k €	+4.9%	200,8 k €	+67.3%	120 k €	+5.5%	113,7 k €	-5.1%	119,9 k €	-40.6%	201,9 k €	+63.0%	123,9 k €	-1.0%	125,1 k €	-8.9%	137,3 k €	+1.2%	135,7 k €	+10.4%	123 k €
Debts	1,1 M €	-4.0%	1,1 M €	-14.4%	1,3 M €	+83.7%	696,7 k €	-2.9%	717,7 k €	-9.9%	796,7 k €	-30.6%	1,1 M €	+40.1%	819,2 k €	+68.0%	487,8 k €	+4.3%	467,5 k €	-1.6%	475,1 k €	+97.6%	240,4 k €	-2.7%	247 k €	+0.8%	245,2 k €	-29.6%	348,3 k €	+10.9%	314,2 k €	-3.1%	324,4 k €	-9.5%	358,6 k €	+4.1%	344,4 k €	-6.6%	368,7 k €
Other
Workforce	3,4 ETP	+25.9%	2,7 ETP	0.0%	2,7 ETP	+8.0%	2,5 ETP	+4.2%	2,4 ETP	0.0%	2,4 ETP	+84.6%	1,3 ETP	+44.4%	0,9 ETP	-30.8%	1,3 ETP	+44.4%	0,9 ETP	-10.0%	1,0 ETP	+11.1%	0,9 ETP	-10.0%	1,0 ETP	+42.9%	0,7 ETP	-56.3%	1,6 ETP	-11.1%	1,8 ETP	+5.9%	1,7 ETP	0.0%	1,7 ETP	+13.3%	1,5 ETP	-16.7%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

Nicolas PUTOIS

Director · since 09 juin 2023 · until 09 juin 2029 · 0841.135.894

Represented by Nicolas PUTOIS

Active

Ended mandates

Nicolas PUTOIS

Director · since 16 juin 2023 · until 09 juin 2029 · 0841.135.894

Represented by Nicolas PUTOIS

Ended

Nicolas PUTOIS

Director · since 16 juin 2023 · until 16 juin 2029 · 0841.135.894

Represented by Nicolas PUTOIS

Ended

Alexandra EVENS

Director · since 09 juin 2023 · until 09 juin 2029

Ended

Alexandra EVENS

Director · since 09 juin 2017 · until 09 juin 2023

Ended

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	28/08/2026	04/07/2025	26/07/2024	31/08/2023	28/07/2022	20/07/2021
General meeting	30/06/2026	06/06/2025	30/06/2024	16/06/2023	30/06/2022	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	30/06/2026	28/08/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	04/07/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	26/07/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	20/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	03/08/2020	French	PDF
Abridged model	31/12/2018	30/06/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	15/06/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	21/06/2017	French	PDF
Abridged model	31/12/2015	20/06/2016	30/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	21/05/2014	05/06/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	12/07/2013	French	PDF
Abridged model	31/12/2011	08/06/2012	12/07/2012	French	PDF
Abridged model	31/12/2010	10/06/2011	07/07/2011	French	PDF
Abridged model	31/12/2009	15/07/2010	19/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	03/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 21 ended

Active mandates

Nicolas PUTOIS

Director · since 09 juin 2023 · until 09 juin 2029 · 0841.135.894

Represented by Nicolas PUTOIS

Active

Ended mandates

Nicolas PUTOIS

Director · since 16 juin 2023 · until 09 juin 2029 · 0841.135.894

Represented by Nicolas PUTOIS

Ended

Nicolas PUTOIS

Director · since 16 juin 2023 · until 16 juin 2029 · 0841.135.894

Represented by Nicolas PUTOIS

Ended

Alexandra EVENS

Director · since 09 juin 2023 · until 09 juin 2029

Ended

Alexandra EVENS

Director · since 09 juin 2017 · until 09 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Restructuring21/01/2019
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring12/10/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates30/06/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2015
DENOMINATION
PDF
Mandates17/01/2012
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2008
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

2025
Annual accounts 2025156,8 k €↑
2024
Annual accounts 2024126,1 k €↑
2023
Annual accounts 2023102,7 k €↓
2022
Annual accounts 2022119,8 k €↑
2021
Annual accounts 202191,7 k €↑
2020
Annual accounts 202040,7 k €↑
2019
Annual accounts 201924,5 k €↓
2018
Annual accounts 201853,5 k €↑
2017
Annual accounts 2017725,1 €↓
2016
Annual accounts 201657,4 k €↑
2015
Annual accounts 201524 k €↓
2015
Name changePharmacie de Bavière
2014
Annual accounts 201466,5 k €↑
2013
Annual accounts 201344,5 k €↓
2012
Annual accounts 201256,8 k €↑
2011
Annual accounts 20113,9 k €↓
2010
Annual accounts 201022,1 k €↓
2009
Annual accounts 200945,8 k €↑
2008
Annual accounts 20089,1 k €↓
2007
Annual accounts 200713,6 k €↓
2006
Annual accounts 200616,6 k €
2006
Name changePHARMACIE PETRE
21/12/1988
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

Pharmacie de Bavière

Overview

What does Pharmacie de Bavière do?

Trend over 20 financial years

Indicative valuation

Board of directors

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