ACTIVE

HOSPIDEX

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Financial year 2025 · closed on 31/12/2025

Net result

928,7 k €

-26.7% YoY

Revenue

29,9 M €

+0.9% YoY

Equity

11,5 M €

+8.8% YoY

Workforce

29,1 ETP

-2.3% YoY

What does HOSPIDEX do?

HOSPIDEX is a Public limited company incorporated in 1990. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Tienen. It employs on average 29,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.014.647

Incorporation

12/10/1990

Legal form

Public limited company

Registered office

Grijpenlaan 23
3300 Tienen · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

29,1 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 51460Air transport

Joint committees (3)

149
14904
200

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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	29,9 M €	+0.9%	29,7 M €	+8.0%	27,5 M €	-13.8%	31,9 M €	+1.5%	31,4 M €	+12.3%	28 M €	+11.4%	25,1 M €	+5.8%	23,7 M €	+1.3%	23,4 M €	+1414%	1,5 M €	-4.1%	1,6 M €	+3.1%	1,6 M €	-0.3%	1,6 M €	-9.1%	1,7 M €	-9.4%	1,9 M €		–		–		–		–
EBITDA	1,7 M €	-15.0%	2 M €	-6.7%	2,2 M €	-18.4%	2,7 M €	-0.4%	2,7 M €	+8.8%	2,5 M €	+57.2%	1,6 M €	+23.0%	1,3 M €	-14.2%	1,5 M €	+26837%	-5,5 k €	-102%	275 k €	-5.5%	291 k €	+54.3%	188,5 k €	-26.7%	257,1 k €	-24.0%	338,5 k €	+73.8%	194,8 k €	-57.1%	454,4 k €	-27.8%	629 k €	+57.0%	400,7 k €
Operating result	1,6 M €	-17.7%	2 M €	-5.2%	2,1 M €	-16.6%	2,5 M €	+17.8%	2,1 M €	+12.1%	1,9 M €	+92.8%	984,2 k €	+25.2%	786,3 k €	-16.2%	938,7 k €	+127%	414,1 k €	+6776%	6 k €	-94.8%	115,8 k €	-34.4%	176,5 k €	-31.9%	259,4 k €	-22.8%	335,9 k €	+74.6%	192,4 k €	-57.1%	448,7 k €	-27.6%	619,5 k €	+55.7%	397,8 k €
Net result	928,7 k €	-26.7%	1,3 M €	-10.9%	1,4 M €	-23.2%	1,9 M €	+24.3%	1,5 M €	+13.8%	1,3 M €	+142%	541,6 k €	+34.3%	403,1 k €	-2.7%	414,4 k €	+67.1%	248 k €	+405%	-81,3 k €	-745%	-9,6 k €	-218%	-3 k €	-105%	55,9 k €	-91.3%	643,2 k €	+486%	109,7 k €	-53.9%	238 k €	-37.1%	378,3 k €	+69.4%	223,4 k €
Balance sheet
Equity	11,5 M €	+8.8%	10,6 M €	+13.6%	9,3 M €	+17.9%	7,9 M €	+30.5%	6,1 M €	+32.5%	4,6 M €	+40.0%	3,3 M €	+19.9%	2,7 M €	+17.3%	2,3 M €	+21.7%	1,9 M €	+14.9%	1,7 M €	-4.7%	1,7 M €	-0.5%	1,8 M €	-0.2%	1,8 M €	+3.3%	1,7 M €	+60.7%	1,1 M €	+11.5%	950,2 k €	+33.4%	712,2 k €	+22.0%	583,9 k €
Total assets	25,7 M €	-7.2%	27,7 M €	+3.3%	26,8 M €	+69.7%	15,8 M €	+14.4%	13,8 M €	+17.7%	11,7 M €	+13.8%	10,3 M €	+7.8%	9,6 M €	-1.2%	9,7 M €	+56.8%	6,2 M €	+4.5%	5,9 M €	-2.6%	6,1 M €	-2.9%	6,2 M €	-0.5%	6,3 M €	-5.5%	6,6 M €	+327%	1,6 M €	+3.5%	1,5 M €	+21.6%	1,2 M €	+11.8%	1,1 M €
Cash	474,5 k €	-22.1%	609 k €	-73.5%	2,3 M €	-39.3%	3,8 M €	+80.0%	2,1 M €	-12.3%	2,4 M €	+12.7%	2,1 M €	+39.9%	1,5 M €	-10.6%	1,7 M €	+1038%	149,3 k €	+22.2%	122,2 k €	+51.0%	80,9 k €	+22.0%	66,3 k €	-34.8%	101,7 k €	-74.8%	404 k €	-4.3%	422,1 k €	-37.4%	673,7 k €	+5.1%	640,8 k €	+15.4%	555,3 k €
Debts	14 M €	-16.7%	16,9 M €	-2.5%	17,3 M €	+120%	7,9 M €	+1.7%	7,7 M €	+8.3%	7,1 M €	+1.8%	7 M €	+3.0%	6,8 M €	-7.0%	7,3 M €	+71.9%	4,3 M €	+0.4%	4,2 M €	-1.8%	4,3 M €	-3.8%	4,5 M €	-0.7%	4,5 M €	-8.5%	4,9 M €	+911%	489,1 k €	-10.7%	547,5 k €	+5.8%	517,3 k €	-0.2%	518,2 k €
Other
Workforce	29,1 ETP	-2.3%	29,8 ETP	-2.6%	30,6 ETP	+0.7%	30,4 ETP	-2.9%	31,3 ETP	+3.3%	30,3 ETP	0.0%	30,3 ETP	+1.3%	29,9 ETP	+38.4%	21,6 ETP	+2060%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-37.5%	1,6 ETP	0.0%	1,6 ETP	+60.0%	1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 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 · 3 active · 24 ended

Active mandates

CLEAR ROUND

Director · since 17 décembre 2025 · until 16 décembre 2031 · 0783.405.058

Represented by Jean Marc Mahieu

Active

Hospidex Group

Director · since 17 décembre 2025 · until 16 décembre 2031 · 0764.882.018

Represented by Bart Cauberghe

Active

CONSULIT

Managing director · since 19 mars 2021 · until 17 décembre 2025 · 0460.317.953

Represented by Francis Gielen

Active

Ended mandates

AMOS

Managing director · since 19 mars 2021 · until 27 avril 2026 · 0834.478.231

Represented by Hendrik Seghers

Ended

CONSULIT

Director · since 19 mars 2021 · until 27 avril 2026 · 0460.317.953

Represented by Francis Gielen

Ended

CONSULIT

Managing director · since 19 mars 2021 · until 27 avril 2026 · 0460.317.953

Represented by Francis Gielen

Ended

Hospidex Group

Director · since 19 mars 2021 · until 27 avril 2026 · 0764.882.018

Represented by Bart Cauberghe

Ended

At this address

Other companies at this address

Company	CBE no.
Hospidex Groep● Active	0686.940.934
Hospidex Group● Active	0764.882.018
SISSEL BENELUX● Active	0451.206.881

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	03/08/2026	24/07/2025	03/07/2024	06/10/2023	13/07/2023	22/07/2021
General meeting	31/07/2026	18/07/2025	28/06/2024	30/06/2023	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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/07/2026	03/08/2026	Dutch	PDF
Full model	31/12/2024	18/07/2025	24/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	03/07/2024	Dutch	PDF
Full modelCorrection	31/12/2022	30/06/2023	06/10/2023	Dutch	PDF
Full model	31/12/2022	30/06/2023	13/07/2023	Dutch	PDF
Full modelCorrection	31/12/2021	30/06/2022	13/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	22/07/2021	Dutch	PDF
Full model	31/12/2019	31/07/2020	06/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	12/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	17/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	08/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	22/07/2015	Dutch	PDF
Full model	31/12/2013	16/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	12/07/2013	Dutch	PDF
Full model	31/12/2011	27/06/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	26/04/2011	24/06/2011	Dutch	PDF
Abridged model	31/12/2009	19/04/2010	07/05/2010	Dutch	PDF
Abridged model	31/12/2008	20/04/2009	07/05/2009	Dutch	PDF
Abridged model	31/12/2007	21/04/2008	09/05/2008	Dutch	PDF
Abridged model	31/12/2006	25/04/2007	30/05/2007	Dutch	PDF

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 · 3 active · 24 ended

Active mandates

CLEAR ROUND

Director · since 17 décembre 2025 · until 16 décembre 2031 · 0783.405.058

Represented by Jean Marc Mahieu

Active

Hospidex Group

Director · since 17 décembre 2025 · until 16 décembre 2031 · 0764.882.018

Represented by Bart Cauberghe

Active

CONSULIT

Managing director · since 19 mars 2021 · until 17 décembre 2025 · 0460.317.953

Represented by Francis Gielen

Active

Ended mandates

AMOS

Managing director · since 19 mars 2021 · until 27 avril 2026 · 0834.478.231

Represented by Hendrik Seghers

Ended

CONSULIT

Director · since 19 mars 2021 · until 27 avril 2026 · 0460.317.953

Represented by Francis Gielen

Ended

CONSULIT

Managing director · since 19 mars 2021 · until 27 avril 2026 · 0460.317.953

Represented by Francis Gielen

Ended

Hospidex Group

Director · since 19 mars 2021 · until 27 avril 2026 · 0764.882.018

Represented by Bart Cauberghe

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other02/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other11/03/2022
DIVERSEN
PDF
Mandates14/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2018
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

2025
Annual accounts 2025928,7 k €↓
2024
Annual accounts 20241,3 M €↓
2023
Annual accounts 20231,4 M €↓
2022
Annual accounts 20221,9 M €↑
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 20201,3 M €↑
2019
Annual accounts 2019541,6 k €↑
2018
Annual accounts 2018403,1 k €↓
2017
Annual accounts 2017414,4 k €↑
2016
Annual accounts 2016248 k €↑
2016
Name changeHOSPIDEX
2015
Annual accounts 2015-81,3 k €↓
2014
Annual accounts 2014-9,6 k €↓
2013
Annual accounts 2013-3 k €↓
2012
Annual accounts 201255,9 k €↓
2011
Annual accounts 2011643,2 k €↑
2010
Annual accounts 2010109,7 k €↓
2009
Annual accounts 2009238 k €↓
2008
Annual accounts 2008378,3 k €↑
2007
Annual accounts 2007223,4 k €
2007
Name changeH en W
12/10/1990
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

HOSPIDEX

Overview

What does HOSPIDEX do?

Trend over 19 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