ACTIVE

Apotheek Pijpelheide

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Financial year 2025 · Closed on 31/12/2025

Net result146,1 k €-20,7 %over 1 year

Gross margin370,5 k €-9,4 %over 1 year

Equity646,6 k €+10,0 %over 1 year

Workforce2,6 ETP+4,0 %over 1 year

Identity

Source · BCE/KBO

Apotheek Pijpelheide is a Private limited company incorporated in 1991. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Heist-op-den-Berg. It employs on average 2,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0443.868.535
Incorporation: 16/04/1991
Legal form: Private limited company
Registered office: Schrieksesteenweg 40 box B2
2221 Heist-op-den-Berg · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025
Average workforce: 2,6 ETP

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

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	370,5 k €	-9.4%	409,1 k €	+12.3%	364,5 k €	+11.3%	327,4 k €	+8.6%	301,4 k €
EBITDA	235,5 k €	-15.4%	278,4 k €	+14.6%	243 k €	+3.1%	235,6 k €	-8.1%	256,2 k €
Operating result	199 k €	-17.8%	242,1 k €	+17.0%	206,9 k €	+4.4%	198,2 k €	-10.8%	222 k €
Net result	146,1 k €	-20.7%	184,3 k €	+26.7%	145,4 k €	+5.8%	137,5 k €	-16.5%	164,5 k €
Balance sheet
Equity	646,6 k €	+10.0%	588 k €	+14.5%	513,7 k €	+20.0%	428,2 k €	+25.7%	340,8 k €
Total assets	1,2 M €	+2.5%	1,1 M €	+14.5%	992 k €	+7.5%	923,2 k €	+3.8%	889,3 k €
Cash	284,7 k €	-33.8%	429,9 k €	+22.8%	350,1 k €	+32.1%	265 k €	+2.1%	259,4 k €
Debts	512,4 k €	-6.4%	547,5 k €	+16.3%	470,9 k €	-4.9%	495 k €	-9.8%	548,6 k €
Other
Workforce	2,6 ETP	+4.0%	2,5 ETP	+19.0%	2,1 ETP	+31.3%	1,6 ETP	+100%	0,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joram Van Mechelen	Director
Ritzen Anouk0818.911.117Represented by Anouk Ritzen	DirectorManager2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Franciscus Ludovicus Engelen	Manager2008 accounts
Frans Engelen	Manager2016 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	26/06/2026	14/07/2025	12/07/2024	17/07/2023	14/07/2022	13/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	19/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	14/07/2022	Dutch	PDF
Micro model	31/12/2020	17/06/2021	13/07/2021	Dutch	PDF
Micro model	31/12/2019	18/06/2020	16/07/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	17/07/2019	Dutch	PDF
Micro model	31/12/2017	21/06/2018	09/07/2018	Dutch	PDF
Micro model	31/12/2016	15/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	08/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	07/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	19/06/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	21/06/2007	13/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joram Van Mechelen	Director
Ritzen Anouk0818.911.117Represented by Anouk Ritzen	DirectorManager2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Franciscus Ludovicus Engelen	Manager2008 accounts
Frans Engelen	Manager2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/07/2021
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/11/2019
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/01/2018
STATUTENWIJZIGING: KAPITAALVERMINDERING
PDF
Capital / shares03/01/2014
STATUTENWIJZIGING: KAPITAALVERHOGING
PDF
Capital / shares26/10/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Ritzen Anouk

Joram Van Mechelen

Frans Engelen

Franciscus Ludovicus Engelen

199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Apotheek PijpelheideANGES

Schrieksesteenweg 40 bte B2, 2221 BooischotSchrieksesteenweg 40 B2 bte B2, 2221 Booischot

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Schrieksesteenweg 40 bte B2, 2221 BooischotCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00201340
Schrieksesteenweg 40 B2 bte B2, 2221 Booischot	accounts 2021 → 2023	Accounts 2023 · 2024-00255883

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Apotheek PijpelheideCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00201340
ANGES	accounts 2006 → 2019	Accounts 2019 · 2020-31500501

Events

2025
Annual accounts 2025146,1 k €↓
2024
Annual accounts 2024184,3 k €↑
2023
Annual accounts 2023145,4 k €↑
2022
Annual accounts 2022137,5 k €↓
2021
Annual accounts 2021164,5 k €↑
2020
Annual accounts 2020133,3 k €↑
2020
Name changeApotheek Pijpelheide
2019
Annual accounts 201980,5 k €↑
2018
Annual accounts 201841,5 k €↓
2017
Annual accounts 201763,9 k €↑
2016
Annual accounts 201625,4 k €↓
2015
Annual accounts 201550,2 k €↑
2014
Annual accounts 201447,2 k €↑
2013
Annual accounts 201345,4 k €↓
2012
Annual accounts 201247,1 k €↑
2011
Annual accounts 201134,2 k €↓
2010
Annual accounts 201044,9 k €↑
2009
Annual accounts 200943,6 k €↑
2008
Annual accounts 200842,3 k €↑
2007
Annual accounts 200729,9 k €↓
2006
Annual accounts 200630,3 k €
16/04/1991
IncorporationPrivate limited company

Apotheek Pijpelheide

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events