ACTIVE

APOLIN

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Financial year 2025 · closed on 31/12/2025

Net result

127,6 k €

-75.6% YoY

Gross margin

288,4 k €

+113.8% YoY

Equity

1,5 M €

+9.5% YoY

What does APOLIN do?

APOLIN is a Public limited company incorporated in 1989. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Lubbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.694.295

Incorporation

02/02/1989

Legal form

Public limited company

Registered office

Wolvendreef(LIN) 82
3210 Lubbeek · FlandreSee on map

Contributed capital

936 460,05 €

Latest accounts

31/12/2025

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

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	288,4 k €	+114%	134,9 k €	-24.8%	179,2 k €	-12.3%	204,3 k €	+2.3%	199,8 k €	-3.8%	207,7 k €	-14.8%	243,7 k €	-2.9%	251,1 k €	+3.3%	243 k €	+43.9%	168,8 k €	+6.8%	158,1 k €	-3.8%	164,3 k €	+9.9%	149,5 k €	+8.5%	137,9 k €	-68.8%	441,3 k €	-2.3%	451,7 k €	+11.4%	405,5 k €	+5.7%	383,7 k €	+12.1%	342,2 k €	+6.4%	321,6 k €
EBITDA	256,5 k €	+434%	-76,9 k €	-154%	143,4 k €	-14.8%	168,3 k €	-2.0%	171,8 k €	-2.3%	175,9 k €	-18.4%	215,6 k €	-2.4%	220,8 k €	+2.4%	215,5 k €	+50.2%	143,5 k €	+5.1%	136,6 k €	-2.0%	139,4 k €	+10.4%	126,3 k €	+7.3%	117,7 k €	-65.6%	342,3 k €	+4.2%	328,6 k €	+17.3%	280,1 k €	+2.3%	273,9 k €	+12.5%	243,5 k €	+10.1%	221,1 k €
Operating result	174,5 k €	+207%	-163,3 k €	-751%	25,1 k €	-16.5%	30 k €	+1318%	2,1 k €	-58.0%	5 k €	-87.3%	39,7 k €	-5.8%	42,2 k €	+24.9%	33,8 k €	+176%	-44,5 k €	+13.4%	-51,5 k €	-33.1%	-38,7 k €	+19.5%	-48 k €	-48.0%	-32,4 k €	-113%	244,4 k €	+11.6%	218,9 k €	+66.9%	131,1 k €	-28.6%	183,7 k €	+23.1%	149,2 k €	+14.4%	130,4 k €
Net result	127,6 k €	-75.6%	522,7 k €	+3734%	-14,4 k €	-151%	28,3 k €	+13070%	214,5 €	-97.9%	10,1 k €	-61.6%	26,3 k €	+39.3%	18,9 k €	+35.6%	13,9 k €	+122%	-63,4 k €	-32.6%	-47,8 k €	+0.4%	-48 k €	+39.1%	-78,9 k €	-377%	-16,5 k €	-114%	116,1 k €	+16.2%	99,9 k €	+52.7%	65,4 k €	-34.5%	99,9 k €	-26.4%	135,8 k €	+94.6%	69,8 k €
Balance sheet
Equity	1,5 M €	+9.5%	1,3 M €	+63.2%	826,5 k €	-1.7%	840,9 k €	+3.5%	812,6 k €	+0.0%	812,4 k €	+1.3%	802,3 k €	+3.4%	775,9 k €	+2.5%	757 k €	+1.9%	743,1 k €	-7.9%	806,5 k €	-5.6%	854,3 k €	-5.3%	902,4 k €	-16.3%	1,1 M €	-1.5%	1,1 M €	+11.9%	978,9 k €	+11.4%	879 k €	+8.0%	813,6 k €	+14.0%	713,7 k €	+23.5%	578 k €
Total assets	3,1 M €	+6.3%	2,9 M €	+20.0%	2,4 M €	-0.2%	2,5 M €	-0.3%	2,5 M €	-2.1%	2,5 M €	-2.5%	2,6 M €	-2.8%	2,7 M €	-2.9%	2,7 M €	-2.9%	2,8 M €	-7.4%	3 M €	+1.0%	3 M €	+6.6%	2,8 M €	+8.1%	2,6 M €	-1.4%	2,6 M €	+1.7%	2,6 M €	+2.0%	2,6 M €	+55.7%	1,6 M €	-2.9%	1,7 M €	+3.0%	1,6 M €
Cash	421,1 k €	+51.3%	278,3 k €	-51.4%	572,4 k €	+1.4%	564,4 k €	+18.8%	475,1 k €	+9.5%	434 k €	+37.0%	316,8 k €	+50.5%	210,5 k €	+28.7%	163,5 k €	+84.8%	88,5 k €	-35.0%	136 k €	+7.8%	126,2 k €	-18.9%	155,6 k €	+9.8%	141,8 k €	-77.7%	635,7 k €	+32.3%	480,5 k €	+46.6%	327,7 k €	+55.6%	210,6 k €	+44.9%	145,3 k €	-3.3%	150,2 k €
Debts	1,6 M €	+3.5%	1,6 M €	-2.0%	1,6 M €	+0.6%	1,6 M €	-2.2%	1,6 M €	-3.1%	1,7 M €	-4.1%	1,8 M €	-5.3%	1,9 M €	-5.0%	2 M €	-4.8%	2,1 M €	-7.2%	2,2 M €	+3.6%	2,2 M €	+17.5%	1,8 M €	+19.7%	1,5 M €	-1.2%	1,6 M €	-4.4%	1,6 M €	-2.9%	1,7 M €	+102%	826,3 k €	-15.3%	975,5 k €	-8.2%	1,1 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		3,0 ETP	-6.3%	3,2 ETP	-3.0%	3,3 ETP	+13.8%	2,9 ETP	+3.6%	2,8 ETP	-6.7%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

Arthur Maria Vleugels

Managing director · since 25 mai 2023 · until 25 mai 2029

Active

Christiane Denise Porters

Managing director · since 25 mai 2023 · until 25 mai 2029

Active

Nele Vleugels

Director · since 25 mai 2023 · until 25 mai 2029

Active

Reinout Vleugels

Director · since 25 mai 2023 · until 25 mai 2029

Active

Ended mandates

Reinout Vleugels

Director · since 28 mai 2020 · until 28 mai 2026

Ended

Arthur Maria Vleugels

Managing director · since 26 mai 2017 · until 26 mai 2023

Ended

Christiane Denise Porters

Managing director · since 26 mai 2017 · until 26 mai 2023

Ended

LINAPO

Director · since 26 mai 2017 · until 26 mai 2023 · 0471.958.349

Ended

At this address

Other companies at this address

Company	CBE no.
FVP● Active	0715.896.523

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	01/06/2026	14/07/2025	24/06/2024	23/08/2023	17/08/2022	30/06/2021
General meeting	28/05/2026	30/05/2025	30/05/2024	25/05/2023	27/05/2022	27/05/2021
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
Micro model	31/12/2025	28/05/2026	01/06/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	14/07/2025	Dutch	PDF
Micro model	31/12/2023	30/05/2024	24/06/2024	Dutch	PDF
Micro model	31/12/2022	25/05/2023	23/08/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	17/08/2022	Dutch	PDF
Micro model	31/12/2020	27/05/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	28/08/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	27/09/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	18/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	11/08/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	28/05/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/05/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	26/05/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	29/05/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	30/08/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

Arthur Maria Vleugels

Managing director · since 25 mai 2023 · until 25 mai 2029

Active

Christiane Denise Porters

Managing director · since 25 mai 2023 · until 25 mai 2029

Active

Nele Vleugels

Director · since 25 mai 2023 · until 25 mai 2029

Active

Reinout Vleugels

Director · since 25 mai 2023 · until 25 mai 2029

Active

Ended mandates

Reinout Vleugels

Director · since 28 mai 2020 · until 28 mai 2026

Ended

Arthur Maria Vleugels

Managing director · since 26 mai 2017 · until 26 mai 2023

Ended

Christiane Denise Porters

Managing director · since 26 mai 2017 · until 26 mai 2023

Ended

LINAPO

Director · since 26 mai 2017 · until 26 mai 2023 · 0471.958.349

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/02/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
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 2025127,6 k €↓
2024
Annual accounts 2024522,7 k €↑
2023
Annual accounts 2023-14,4 k €↓
2022
Annual accounts 202228,3 k €↑
2021
Annual accounts 2021214,5 €↓
2020
Annual accounts 202010,1 k €↓
2019
Annual accounts 201926,3 k €↑
2018
Annual accounts 201818,9 k €↑
2017
Annual accounts 201713,9 k €↑
2016
Annual accounts 2016-63,4 k €↓
2015
Annual accounts 2015-47,8 k €↑
2014
Annual accounts 2014-48 k €↑
2013
Annual accounts 2013-78,9 k €↓
2012
Annual accounts 2012-16,5 k €↓
2011
Annual accounts 2011116,1 k €↑
2010
Annual accounts 201099,9 k €↑
2009
Annual accounts 200965,4 k €↓
2008
Annual accounts 200899,9 k €↓
2007
Annual accounts 2007135,8 k €↑
2006
Annual accounts 200669,8 k €
02/02/1989
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

APOLIN

Overview

What does APOLIN 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