ACTIVE

PHARMAMED

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Financial year 2025 · closed on 31/12/2025

Net result

186,7 k €

+46.5% YoY

Gross margin

532 k €

+30.1% YoY

Equity

439,4 k €

+9.1% YoY

Workforce

6,2 ETP

+40.9% YoY

What does PHARMAMED do?

PHARMAMED is a Public limited company incorporated in 1991. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Anderlecht. It employs on average 6,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.844.572

Incorporation

02/08/1991

Legal form

Public limited company

Registered office

Avenue Docteur Lemoine 11 box 4
1070 Anderlecht · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

6,2 ETP

Activities (NACE)

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

Joint committees (3)

Contacts

3 public details availableLog in to view

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 17 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	532 k €	+30.1%	408,8 k €	+22.4%	333,9 k €	-40.0%	556,1 k €	+84.2%	302 k €	-23.5%	394,6 k €	+96.3%	201 k €	-13.7%	232,8 k €	+18.6%	196,4 k €	-4.1%	204,8 k €	-3.2%	211,5 k €	+10.9%	190,6 k €	+15.0%	165,8 k €	+6.3%	155,9 k €	-10.3%	173,8 k €	-7.8%	188,6 k €	+33.8%	141 k €
EBITDA	265,1 k €	+52.9%	173,4 k €	+96.3%	88,4 k €	-63.2%	240,2 k €	+65.0%	145,6 k €	-38.4%	236,4 k €	+416%	45,8 k €	-48.5%	88,9 k €	+16.2%	76,5 k €	-38.1%	123,5 k €	+1.0%	122,3 k €	+3.8%	117,9 k €	+7.9%	109,2 k €	+49.3%	73,1 k €	-42.8%	127,8 k €	+10.2%	116 k €	+66.3%	69,7 k €
Operating result	201,6 k €	+75.4%	115 k €	+195%	39 k €	-79.7%	192,6 k €	+52.4%	126,4 k €	-42.5%	220 k €	+865%	22,8 k €	-63.4%	62,3 k €	+8.1%	57,6 k €	-24.0%	75,8 k €	+34.4%	56,4 k €	-33.1%	84,3 k €	+21.4%	69,4 k €	+113%	32,6 k €	-62.9%	87,9 k €	+18.5%	74,2 k €	+222%	23,1 k €
Net result	186,7 k €	+46.5%	127,4 k €	+258%	35,6 k €	-74.8%	141,1 k €	+6.5%	132,4 k €	-36.6%	208,7 k €	+1748%	11,3 k €	-68.0%	35,3 k €	-1.3%	35,7 k €	-23.1%	46,5 k €	+34.4%	34,6 k €	-37.3%	55,2 k €	+12.4%	49,1 k €	+39.1%	35,3 k €	-35.3%	54,6 k €	+30.2%	41,9 k €	+627%	5,8 k €
Balance sheet
Equity	439,4 k €	+9.1%	402,7 k €	+7.3%	375,3 k €	+1.5%	369,7 k €	+24.6%	296,7 k €	+1.5%	292,2 k €	+3.1%	283,5 k €	-11.5%	320,2 k €	-3.8%	332,9 k €	-3.5%	345,2 k €	+15.6%	298,7 k €	+3.7%	288,1 k €	-9.4%	317,9 k €	+18.3%	268,8 k €	+15.1%	233,5 k €	+30.5%	178,9 k €	+30.6%	137 k €
Total assets	1,4 M €	+9.1%	1,3 M €	+18.0%	1,1 M €	+15.7%	971,4 k €	+20.0%	809,3 k €	+2.2%	791,6 k €	+17.3%	674,9 k €	-10.5%	754,4 k €	-0.7%	759,6 k €	+10.8%	685,3 k €	+9.3%	627,2 k €	+14.4%	548,5 k €	-3.3%	567 k €	+7.9%	525,4 k €	+19.0%	441,6 k €	-11.9%	501,5 k €	-4.4%	524,3 k €
Cash	411 k €	+58.9%	258,6 k €	+41.1%	183,3 k €	-35.1%	282,4 k €	+137%	119,3 k €	+60.5%	74,3 k €	+0.0%	74,3 k €	+1.2%	73,4 k €	+73.8%	42,2 k €	+41.6%	29,8 k €	+94.7%	15,3 k €	-49.6%	30,4 k €	+32.5%	22,9 k €	-12.0%	26,1 k €	+53.6%	17 k €	-68.4%	53,7 k €	+208%	17,4 k €
Debts	1 M €	+9.1%	923,4 k €	+23.3%	749 k €	+24.5%	601,8 k €	+17.4%	512,6 k €	+2.7%	499,4 k €	+27.6%	391,4 k €	-9.9%	434,2 k €	+1.8%	426,7 k €	+27.7%	334,2 k €	+1.7%	328,5 k €	+26.2%	260,4 k €	+4.5%	249,1 k €	-2.9%	256,5 k €	+23.3%	208,1 k €	-35.5%	322,4 k €	-16.3%	385,1 k €
Other
Workforce	6,2 ETP	+40.9%	4,4 ETP	+7.3%	4,1 ETP	+2.5%	4,0 ETP	0.0%	4,0 ETP	-4.8%	4,2 ETP	-6.7%	4,5 ETP	+55.2%	2,9 ETP	+52.6%	1,9 ETP	0.0%	1,9 ETP	-32.1%	2,8 ETP	+16.7%	2,4 ETP	-4.0%	2,5 ETP	-10.7%	2,8 ETP	+100%	1,4 ETP	-36.4%	2,2 ETP	0.0%	2,2 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 · 1 active · 12 ended

Active mandates

MEDISOLUTIONS

Director · since 29 août 2023 · 0896.947.023

Represented by Bruno GLORIEUX

Active

Ended mandates

MEDISOLUTIONS

Director · since 29 mai 2019 · until 30 mai 2025 · 0896.947.023

Represented by Glorieux Bruno

Ended

Bruno Glorieux

Managing director · since 27 mai 2016 · until 27 mai 2022

Ended

Bruno Glorieux

Managing director · since 27 mai 2016 · until 27 mai 2023

Ended

Cécile Reygaert

Director · since 27 mai 2016 · until 27 mai 2022

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/10/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/09/2022	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	15 months	21 months	12 months	12 months
Filing date	05/06/2026	16/07/2025	23/08/2024	25/05/2023	19/08/2021	28/08/2020
General meeting	29/05/2026	30/05/2025	31/05/2024	24/02/2023	28/05/2021	22/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	05/06/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	16/07/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	23/08/2024	French	PDF
Abridged model	30/09/2022	24/02/2023	25/05/2023	French	PDF
Abridged model	31/12/2020	28/05/2021	19/08/2021	French	PDF
Abridged model	31/12/2019	22/05/2020	28/08/2020	French	PDF
Abridged model	31/12/2018	14/06/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	23/09/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	27/06/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	27/06/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	15/06/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	16/06/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	17/06/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	28/06/2007	French	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 · 1 active · 12 ended

Active mandates

MEDISOLUTIONS

Director · since 29 août 2023 · 0896.947.023

Represented by Bruno GLORIEUX

Active

Ended mandates

MEDISOLUTIONS

Director · since 29 mai 2019 · until 30 mai 2025 · 0896.947.023

Represented by Glorieux Bruno

Ended

Bruno Glorieux

Managing director · since 27 mai 2016 · until 27 mai 2022

Ended

Bruno Glorieux

Managing director · since 27 mai 2016 · until 27 mai 2023

Ended

Cécile Reygaert

Director · since 27 mai 2016 · until 27 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/09/2023
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates27/12/2021
OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates11/06/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates28/10/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates14/01/2011
DEMISSIONS, NOMINATIONS
PDF
Registered office25/10/2006
SIEGE SOCIAL
PDF
Mandates10/08/2004
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025186,7 k €↑
2024
Annual accounts 2024127,4 k €↑
2023
Annual accounts 202335,6 k €↓
2022
Annual accounts 2022141,1 k €↑
2018
Annual accounts 2018132,4 k €↓
2017
Annual accounts 2017208,7 k €↑
2016
Annual accounts 201611,3 k €↓
2015
Annual accounts 201535,3 k €↓
2014
Annual accounts 201435,7 k €↓
2013
Annual accounts 201346,5 k €↑
2012
Annual accounts 201234,6 k €↓
2011
Annual accounts 201155,2 k €↑
2010
Annual accounts 201049,1 k €↑
2009
Annual accounts 200935,3 k €↓
2008
Annual accounts 200854,6 k €↑
2007
Annual accounts 200741,9 k €↑
2006
Annual accounts 20065,8 k €
02/08/1991
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

PHARMAMED

Overview

What does PHARMAMED do?

Trend over 17 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