ACTIVE

PHARMACO

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Financial year 2026 · closed on 01/01/2026

Net result

31,5 €

+7969.2% YoY

Gross margin

291,7 k €

-3.4% YoY

Equity

193,5 k €

+0.0% YoY

Workforce

3,6 ETP

-2.7% YoY

What does PHARMACO do?

PHARMACO is a Public limited company incorporated in 1989. Its registered office is in Sint-Niklaas. It employs on average 3,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.793.050

Incorporation

27/12/1989

Legal form

Public limited company

Registered office

Rietvelde 32
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

01/01/2026

Average workforce

3,6 ETP

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Gross margin	291,7 k €	-3.4%	301,9 k €	+4.3%	289,5 k €	+18.7%	244 k €	-4.3%	254,9 k €	-0.7%	256,6 k €	+33.3%	192,6 k €	+18.8%	162,1 k €	+1.3%	160,1 k €	-5.7%	169,7 k €	+10.1%	154,1 k €	-4.4%	161,1 k €	+1.5%	158,7 k €	+7.7%	147,3 k €	+10.5%	133,4 k €	-18.7%	164 k €	+19.9%	136,7 k €	+84.5%	74,1 k €	-42.0%	127,8 k €	+13.8%	112,2 k €
EBITDA	51,1 k €	+0.2%	51 k €	+11.0%	45,9 k €	+14.6%	40,1 k €	+4.8%	38,2 k €	-26.2%	51,8 k €	+192%	17,7 k €	-26.4%	24,1 k €	-25.1%	32,2 k €	+1.0%	31,9 k €	-2.2%	32,6 k €	-47.4%	62 k €	+65.1%	37,5 k €	-21.7%	47,9 k €	+538%	7,5 k €	-85.8%	53 k €	+28.5%	41,2 k €	+1349%	2,8 k €	-93.0%	40,9 k €	+43.3%	28,5 k €
Operating result	24,3 k €	-2.2%	24,8 k €	+7.5%	23,1 k €	+19.5%	19,3 k €	-2.2%	19,7 k €	-49.8%	39,3 k €	+728%	-6,3 k €	-427%	1,9 k €	-83.8%	11,8 k €	+34.5%	8,8 k €	-52.8%	18,6 k €	-66.1%	54,9 k €	+91.4%	28,7 k €	-27.1%	39,4 k €	+1357%	-3,1 k €	-107%	44,1 k €	+33.0%	33,2 k €	+666%	-5,9 k €	-119%	30,8 k €	+78.3%	17,3 k €
Net result	31,5 €	+7969%	0,4 €	-100.0%	861,3 €	-30.2%	1,2 k €	-74.9%	4,9 k €	-78.9%	23,2 k €	+260%	-14,5 k €	-190%	-5 k €	-620%	961,7 €	-0.4%	966 €	-87.1%	7,5 k €	-66.5%	22,3 k €	-15.1%	26,3 k €	-27.7%	36,3 k €	+395%	-12,3 k €	-149%	25,3 k €	+2.8%	24,6 k €	+3163%	752,6 €	-97.0%	25,2 k €	+40.4%	18 k €
Balance sheet
Equity	193,5 k €	+0.0%	193,5 k €	+0.0%	193,5 k €	+0.4%	192,6 k €	+0.6%	191,4 k €	+2.6%	186,5 k €	+14.2%	163,2 k €	-8.2%	177,7 k €	-2.7%	182,7 k €	+0.5%	181,8 k €	+0.5%	180,8 k €	+4.3%	173,3 k €	+14.8%	151 k €	+0.9%	149,7 k €	+0.9%	148,4 k €	-7.7%	160,7 k €	+18.6%	135,4 k €	+22.1%	110,9 k €	+0.7%	110,1 k €	+29.7%	84,9 k €
Total assets	604,7 k €	+4.6%	578 k €	-25.3%	774 k €	+9.4%	707,2 k €	+19.6%	591,2 k €	+1.8%	580,7 k €	+23.3%	470,8 k €	-4.1%	491 k €	-16.7%	589,4 k €	+5.8%	557,2 k €	+36.9%	407 k €	-3.0%	419,6 k €	+1.4%	413,8 k €	-4.4%	433,1 k €	+18.7%	364,9 k €	+2.9%	354,6 k €	+23.9%	286,2 k €	-21.9%	366,3 k €	-2.0%	373,9 k €	+24.3%	300,7 k €
Cash	93,8 k €	+70.2%	55,1 k €	-81.4%	295,9 k €	-9.3%	326,1 k €	+73.3%	188,2 k €	+14.6%	164,2 k €	+94.4%	84,4 k €	+19.1%	70,9 k €	-53.8%	153,5 k €	+12.7%	136,2 k €	+145%	55,5 k €	-48.4%	107,5 k €	+38.3%	77,7 k €	-47.1%	146,9 k €	+22.1%	120,3 k €	+75.8%	68,4 k €	-1.7%	69,6 k €	-49.1%	136,7 k €	-26.1%	185 k €	+33.4%	138,7 k €
Debts	410,1 k €	+7.0%	383,4 k €	-33.8%	579,4 k €	+12.8%	513,4 k €	+30.4%	393,7 k €	+0.7%	391 k €	+27.6%	306,4 k €	-2.2%	313,3 k €	-23.0%	406,6 k €	+8.3%	375,5 k €	+73.6%	216,2 k €	-12.2%	246,3 k €	-6.3%	262,8 k €	-7.2%	283,4 k €	+30.9%	216,5 k €	+11.7%	193,9 k €	+28.6%	150,8 k €	-41.0%	255,4 k €	-2.0%	260,7 k €	+20.8%	215,8 k €
Other
Workforce	3,6 ETP	-2.7%	3,7 ETP	+2.8%	3,6 ETP	-5.3%	3,8 ETP	0.0%	3,8 ETP	+22.6%	3,1 ETP	-8.8%	3,4 ETP	+25.9%	2,7 ETP	+3.8%	2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP	-3.7%	2,7 ETP	-3.6%	2,8 ETP	0.0%	2,8 ETP	+40.0%	2,0 ETP	-9.1%	2,2 ETP	+4.8%	2,1 ETP	0.0%	2,1 ETP	0.0%	2,1 ETP	0.0%	2,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 01/01/2026 · 1 active · 15 ended

Active mandates

DECOPHARMA

Director · since 26 février 2010 · until 15 mai 2026 · 0471.690.808

Represented by CARLA DE COLVENAER

Active

Ended mandates

CARLA DE COLVENAER

Managing director · since 13 novembre 2019 · until 12 novembre 2025

Ended

DECOPHARMA

Director · since 13 novembre 2019 · until 12 novembre 2025 · 0471.690.808

Represented by CARLA DE COLVENAER

Ended

DECOPHARMA

Director · since 11 septembre 2019 · until 10 septembre 2025 · 0471.690.808

Represented by CARLA DE COLVENAER

Ended

Carla De Colvenaer

Managing director · since 02 juin 2016

Ended

At this address

Other companies at this address

Company	CBE no.
DECOPHARMA● Active	0471.690.808

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	02/01/2025	02/01/2024	02/01/2023	02/01/2022	02/01/2021	02/01/2020
Closing of the financial year	01/01/2026	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	08/06/2026	06/06/2025	13/06/2024	22/06/2023	02/06/2022	11/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	02/06/2022	03/06/2021
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	01/01/2026	15/05/2026	08/06/2026	Dutch	PDF
Abridged model	01/01/2025	16/05/2025	06/06/2025	Dutch	PDF
Abridged model	01/01/2024	17/05/2024	13/06/2024	Dutch	PDF
Abridged model	01/01/2023	19/05/2023	22/06/2023	Dutch	PDF
Abridged model	01/01/2022	02/06/2022	02/06/2022	Dutch	PDF
Abridged model	01/01/2021	03/06/2021	11/06/2021	Dutch	PDF
Abridged model	01/01/2020	04/06/2020	05/06/2020	Dutch	PDF
Abridged model	01/01/2019	06/06/2019	20/06/2019	Dutch	PDF
Abridged model	01/01/2018	07/06/2018	29/06/2018	Dutch	PDF
Abridged model	01/01/2017	01/06/2017	22/06/2017	Dutch	PDF
Abridged model	01/01/2016	02/06/2016	15/07/2016	Dutch	PDF
Abridged model	01/01/2015	04/06/2015	23/07/2015	Dutch	PDF
Abridged model	01/01/2014	05/06/2014	18/07/2014	Dutch	PDF
Abridged model	01/01/2013	06/06/2013	22/07/2013	Dutch	PDF
Abridged model	01/01/2012	30/06/2012	25/07/2012	Dutch	PDF
Abridged model	01/01/2011	03/06/2011	18/07/2011	Dutch	PDF
Abridged model	01/01/2010	03/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 01/01/2026 · 1 active · 15 ended

Active mandates

DECOPHARMA

Director · since 26 février 2010 · until 15 mai 2026 · 0471.690.808

Represented by CARLA DE COLVENAER

Active

Ended mandates

CARLA DE COLVENAER

Managing director · since 13 novembre 2019 · until 12 novembre 2025

Ended

DECOPHARMA

Director · since 13 novembre 2019 · until 12 novembre 2025 · 0471.690.808

Represented by CARLA DE COLVENAER

Ended

DECOPHARMA

Director · since 11 septembre 2019 · until 10 septembre 2025 · 0471.690.808

Represented by CARLA DE COLVENAER

Ended

Carla De Colvenaer

Managing director · since 02 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/11/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/01/2012
KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Registered office05/10/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2004
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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

2026
Annual accounts 202631,5 €↑
2025
Annual accounts 20250,4 €↓
2024
Annual accounts 2024861,3 €↓
2023
Annual accounts 20231,2 k €↓
2022
Annual accounts 20224,9 k €↓
2021
Annual accounts 202123,2 k €↑
2020
Annual accounts 2020-14,5 k €↓
2019
Annual accounts 2019-5 k €↓
2018
Annual accounts 2018961,7 €↓
2017
Annual accounts 2017966 €↓
2016
Annual accounts 20167,5 k €↓
2015
Annual accounts 201522,3 k €↓
2014
Annual accounts 201426,3 k €↓
2013
Annual accounts 201336,3 k €↑
2012
Annual accounts 2012-12,3 k €↓
2011
Annual accounts 201125,3 k €↑
2010
Annual accounts 201024,6 k €↑
2008
Annual accounts 2008752,6 €↓
2007
Annual accounts 200725,2 k €↑
2006
Annual accounts 200618 k €
27/12/1989
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

PHARMACO

Overview

What does PHARMACO 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