ACTIVE

WERFEN

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Financial year 2025 · closed on 31/12/2025
Net result
374,9 k €
-61.2% YoY
Revenue
17,4 M €
-5.3% YoY
Equity
4,8 M €
+8.4% YoY
Workforce
27,2 ETP
-4.2% YoY

What does WERFEN do?

WERFEN is a Public limited company incorporated in 1990. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Zaventem. It employs on average 27,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0441.052.862
Incorporation
19/07/1990
Legal form
Public limited company
Registered office
Leuvensesteenweg 643 box 52
1930 Zaventem · FlandreSee on map
Contributed capital
1 068 592,01 €
Latest accounts
31/12/2025
Average workforce
27,2 ETP
Activities (NACE)
46460Wholesale of pharmaceutical goods· main46460Wholesale of pharmaceutical goods
Joint committees (3)
  • 200
  • 20000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021201720162015201420132012201120102009200820072006
Income statement
Revenue17,4 M €18,4 M €14,4 M €14,6 M €14,7 M €11,5 M €11,4 M €11,2 M €10,7 M €10,5 M €9,1 M €8,3 M €7,9 M €6,5 M €5,9 M €5,4 M €4,8 M €
EBITDA1,1 M €1,5 M €1,4 M €1,2 M €1,6 M €992,4 k €2 M €1,9 M €2,4 M €2 M €1,6 M €1,2 M €1,4 M €842,8 k €1,1 M €812,4 k €635 k €
Operating result581 k €778,9 k €619 k €453,7 k €859 k €440,6 k €1,3 M €1,2 M €1,7 M €1,3 M €1,1 M €770,2 k €876,4 k €461,2 k €751,7 k €545,1 k €363,1 k €
Net result374,9 k €966,6 k €451,9 k €305,1 k €611,5 k €349,5 k €975,4 k €885,2 k €1,2 M €884,7 k €711,5 k €542,6 k €591,2 k €402,1 k €487,1 k €338,4 k €214,5 k €
Balance sheet
Equity4,8 M €4,5 M €6,1 M €5,7 M €5,4 M €9,1 M €8,8 M €7,8 M €6,9 M €5,7 M €4,9 M €4,1 M €3,6 M €3 M €2,6 M €2,1 M €1,8 M €
Total assets8,4 M €9,1 M €8,7 M €7,8 M €7,2 M €10,6 M €10,1 M €8,9 M €8,3 M €7,7 M €6,6 M €5,8 M €5,5 M €4,5 M €4,4 M €2,9 M €2,4 M €
Cash84,9 k €288,9 k €––––––35 €–522 €113,6 k €55,4 k €144,3 k €296,5 k €107,3 k €250,7 k €
Debts3,3 M €4,2 M €2,2 M €1,8 M €1,5 M €1,2 M €1,1 M €920,9 k €1,3 M €1,8 M €1,5 M €1,5 M €1,3 M €1,2 M €1,5 M €551,9 k €475,6 k €
Other
Workforce27,2 ETP28,4 ETP25,4 ETP25,0 ETP19,0 ETP16,0 ETP16,8 ETP16,6 ETP16,9 ETP15,7 ETP13,8 ETP14,8 ETP15,0 ETP14,8 ETP14,1 ETP12,9 ETP12,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 27 ended

Active mandates

Richard Hames

Director · since 01 avril 2026 · until 30 avril 2032

Active
Jakob Lepercq

Director · since 07 novembre 2022 · until 30 avril 2027

Active

Ended mandates

Lars Kalfhaus

Director · since 09 décembre 2022 · until 30 avril 2027

Ended
Ted Maione

Director · since 31 mai 2021 · until 09 décembre 2022

Ended
Ted Maione

Director · since 31 mai 2021 · until 31 décembre 2026

Ended
Ted Maione

Director · since 31 mai 2021 · until 30 avril 2027

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/07/202630/09/202528/06/202430/08/202312/07/202202/09/2021
General meeting22/06/202605/09/202514/06/202424/07/202330/06/202230/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202522/06/202608/07/2026DutchPDF
Full model31/12/202405/09/202530/09/2025DutchPDF
Full model31/12/202314/06/202428/06/2024DutchPDF
Full model31/12/202224/07/202330/08/2023DutchPDF
Full model31/12/202130/06/202212/07/2022DutchPDF
Full model31/12/202030/07/202102/09/2021DutchPDF
Full model31/12/201929/07/202013/08/2020DutchPDF
Full model31/12/201820/09/201924/10/2019DutchPDF
Full model31/12/201729/06/201812/07/2018DutchPDF
Full model31/12/201615/05/201730/05/2017DutchPDF
Full model31/12/201530/04/201604/05/2016DutchPDF
Full model31/12/201430/06/201523/07/2015DutchPDF
Full model31/12/201330/04/201418/06/2014DutchPDF
Full model31/12/201228/06/201311/07/2013DutchPDF
Full model31/12/201130/04/201215/06/2012DutchPDF
Full model31/12/201002/05/201105/05/2011DutchPDF
Full model31/12/200915/02/201005/03/2010DutchPDF
Full model31/12/200830/04/200927/05/2009DutchPDF
Full model31/12/200730/04/200820/06/2008DutchPDF
Full model31/12/200630/04/200716/05/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active · 27 ended

Active mandates

Richard Hames

Director · since 01 avril 2026 · until 30 avril 2032

Active
Jakob Lepercq

Director · since 07 novembre 2022 · until 30 avril 2027

Active

Ended mandates

Lars Kalfhaus

Director · since 09 décembre 2022 · until 30 avril 2027

Ended
Ted Maione

Director · since 31 mai 2021 · until 09 décembre 2022

Ended
Ted Maione

Director · since 31 mai 2021 · until 31 décembre 2026

Ended
Ted Maione

Director · since 31 mai 2021 · until 30 avril 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/02/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates06/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring02/08/2024
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring23/05/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other12/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/11/2022
    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

Timeline

  1. 2025
    Annual accounts 2025374,9 k €↓
  2. 2024
    Annual accounts 2024966,6 k €↑
  3. 2023
    Annual accounts 2023451,9 k €↑
  4. 2022
    Annual accounts 2022305,1 k €↓
  5. 2021
    Annual accounts 2021611,5 k €↑
  6. 2017
    Annual accounts 2017349,5 k €↓
  7. 2016
    Annual accounts 2016975,4 k €↑
  8. 2015
    Annual accounts 2015885,2 k €↓
  9. 2014
    Annual accounts 20141,2 M €↑
  10. 2013
    Annual accounts 2013884,7 k €↑
  11. 2012
    Annual accounts 2012711,5 k €↑
  12. 2011
    Annual accounts 2011542,6 k €↓
  13. 2010
    Annual accounts 2010591,2 k €↑
  14. 2009
    Annual accounts 2009402,1 k €↓
  15. 2008
    Annual accounts 2008487,1 k €↑
  16. 2007
    Annual accounts 2007338,4 k €↑
  17. 2006
    Annual accounts 2006214,5 k €
  18. 19/07/1990
    IncorporationPublic limited company