ACTIVE

DEPHARM

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Financial year 2025 · closed on 31/12/2025

Net result

122,9 k €

+71.3% YoY

Revenue

1,2 M €

+6.7% YoY

Equity

25,3 M €

+0.5% YoY

Workforce

13,6 ETP

-6.2% YoY

What does DEPHARM do?

DEPHARM is a Private limited company incorporated in 1991. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Wavre. It employs on average 13,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.912.760

Incorporation

12/12/1991

Legal form

Private limited company

Registered office

Rue du Manil 80
1301 Wavre · WallonieSee on map

Contributed capital

1 516 440,00 €

Latest accounts

31/12/2025

Average workforce

13,6 ETP

Activities (NACE)

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

Joint committees (1)

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,2 M €	+6.7%	1,2 M €	-4.9%	1,2 M €	+14.6%	1,1 M €	-8.3%	1,2 M €	-2.7%	1,2 M €	-38.0%	1,9 M €	+8.5%	1,8 M €	+21.2%	1,5 M €	+23.5%	1,2 M €	+0.7%	1,2 M €	-5.1%	1,2 M €	-0.9%	1,3 M €	+0.4%	1,2 M €	-2.4%	1,3 M €	-0.1%	1,3 M €	+13.1%	1,1 M €	+11.4%	1 M €	-0.9%	1 M €	-9.4%	1,1 M €
EBITDA	404,4 k €	+500%	67,4 k €	-82.5%	385,4 k €	+245%	-265,1 k €	-254%	171,9 k €	+438%	31,9 k €	-48.8%	62,4 k €	-1.7%	63,5 k €	+23.1%	51,6 k €	+20.9%	42,7 k €	+37.1%	31,1 k €	+207%	-29,1 k €	+28.9%	-41 k €	-139%	105,3 k €	-38.8%	172,1 k €	+111%	81,6 k €	+285%	-44,2 k €	-161%	71,9 k €	-20.9%	90,9 k €	+81.7%	50 k €
Operating result	181,7 k €	+219%	-152,4 k €	-190%	168,7 k €	+150%	-337,9 k €	-297%	171,5 k €	+437%	31,9 k €	-48.7%	62,2 k €	+12.2%	55,5 k €	+20.6%	46 k €	+21.7%	37,8 k €	-1.8%	38,5 k €	+181%	-47,6 k €	-16.1%	-41 k €	-139%	105,3 k €	-38.8%	172,1 k €	+113%	80,9 k €	+279%	-45,1 k €	-164%	71 k €	-21.2%	90,1 k €	+81.9%	49,5 k €
Net result	122,9 k €	+71.3%	71,8 k €	-99.7%	21,6 M €	+4609%	-479,2 k €	-562%	103,7 k €	+410%	20,3 k €	-39.8%	33,8 k €	+0.6%	33,6 k €	+36.0%	24,7 k €	+47.0%	16,8 k €	-54.1%	36,6 k €	+172%	-51 k €	-61.5%	-31,6 k €	-103%	1 M €	+844%	110,7 k €	-75.7%	455,6 k €	+11.4%	409,1 k €	+792%	45,9 k €	-28.4%	64,1 k €	+60.8%	39,9 k €
Balance sheet
Equity	25,3 M €	+0.5%	25,2 M €	+0.3%	25,1 M €	+515%	4,1 M €	-10.5%	4,6 M €	+2.3%	4,5 M €	+0.5%	4,4 M €	+0.8%	4,4 M €	+0.8%	4,4 M €	+0.6%	4,3 M €	+0.4%	4,3 M €	+0.9%	4,3 M €	-1.2%	4,3 M €	-0.7%	4,4 M €	+31.4%	3,3 M €	-41.8%	5,7 M €	+8.7%	5,3 M €	+8.4%	4,9 M €	-13.7%	5,6 M €	+1.2%	5,6 M €
Total assets	26,8 M €	+1.5%	26,4 M €	-3.4%	27,3 M €	-0.4%	27,4 M €	+2.6%	26,7 M €	+388%	5,5 M €	-6.2%	5,8 M €	+0.5%	5,8 M €	-1.9%	5,9 M €	-6.8%	6,3 M €	+0.9%	6,3 M €	-3.5%	6,5 M €	+3.5%	6,3 M €	-2.4%	6,5 M €	+6.8%	6 M €	+0.6%	6 M €	+1.5%	5,9 M €	+0.7%	5,9 M €	+2.3%	5,7 M €	-0.1%	5,8 M €
Cash	116,4 k €	+187%	40,5 k €	-80.8%	211,7 k €	+36.3%	155,4 k €	-27.1%	213,1 k €	+151%	84,8 k €	+202%	28,1 k €	+0.7%	27,9 k €	-53.0%	59,3 k €	+274%	15,9 k €	-89.3%	148,8 k €	+404%	29,5 k €	-5.1%	31,1 k €	+58.1%	19,7 k €	-86.4%	145,2 k €	+46.5%	99,2 k €	+121351%	81,6 €	-99.8%	33,6 k €	-60.4%	84,8 k €	+408%	16,7 k €
Debts	1,4 M €	+23.5%	1,2 M €	-45.8%	2,2 M €	-90.7%	23,3 M €	+5.4%	22,1 M €	+2087%	1 M €	-27.3%	1,4 M €	-0.2%	1,4 M €	-8.9%	1,5 M €	-23.4%	2 M €	+2.2%	2 M €	-12.0%	2,2 M €	+15.2%	1,9 M €	-6.1%	2,1 M €	-23.8%	2,7 M €	+895%	271,4 k €	-56.9%	629,9 k €	-38.4%	1 M €	+748%	120,6 k €	-37.6%	193,3 k €
Other
Workforce	13,6 ETP	-6.2%	14,5 ETP	0.0%	14,5 ETP	+6.6%	13,6 ETP	+27.1%	10,7 ETP	+463%	1,9 ETP	-36.7%	3,0 ETP	-16.7%	3,6 ETP	-28.0%	5,0 ETP	-16.7%	6,0 ETP	+7.1%	5,6 ETP	+51.4%	3,7 ETP	0.0%	3,7 ETP	-15.9%	4,4 ETP	+4.8%	4,2 ETP	-16.0%	5,0 ETP	-7.4%	5,4 ETP	0.0%	5,4 ETP	-5.3%	5,7 ETP	-1.7%	5,8 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 · 13 ended

Active mandates

MAGILITY

Director · since 01 août 2024 · 1009.883.232

Active

Ended mandates

M.V.V.M.

Director · since 21 décembre 2023 · until 01 août 2024 · 0880.378.136

Represented by Maurienne WILL

Ended

M.V.V.M.

Director · since 21 décembre 2023 · 0880.378.136

Represented by Maurienne WILL

Ended

M.V.V.M.

Director · since 16 mars 2023 · until 19 juin 2029 · 0880.378.136

Represented by Maurienne WILL

Ended

M.V.V.M.

Director · since 01 février 2021 · until 18 juin 2024 · 0880.378.136

Represented by Maurienne WILL

Ended

At this address

Other companies at this address

Company	CBE no.
DURONDO● Active	0795.356.250
L.F. Will et Cie● Active	0402.188.427
M.V.V.M.● Active	0880.378.136
Will - Pharma● Active	0402.018.775

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
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	06/07/2026	27/06/2025	10/07/2024	12/07/2023	25/07/2022	23/11/2021
General meeting	29/06/2026	02/06/2025	10/07/2024	20/06/2023	21/06/2022	01/01/9999
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

32 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/06/2026	06/07/2026	French	PDF
Full model	31/12/2024	02/06/2025	27/06/2025	French	PDF
Full model	31/12/2023	10/07/2024	10/07/2024	French	PDF
Full model	31/12/2022	20/06/2023	12/07/2023	French	PDF
Full model	31/12/2021	21/06/2022	25/07/2022	French	PDF
Full model	31/12/2020	26/07/2021	29/07/2021	French	PDF
m120-f-p	31/12/2020	01/01/9999	23/11/2021	French	PDF
Full model	31/12/2019	31/07/2020	23/09/2020	French	PDF
m120-f-p	31/12/2019	01/01/9999	23/11/2021	French	PDF
Full model	31/12/2018	18/06/2019	23/07/2019	French	PDF
m120-f-p	31/12/2018	28/02/2020	29/07/2020	French	PDF
Full model	31/12/2017	19/06/2018	30/07/2018	French	PDF
Full model	31/12/2016	20/06/2017	30/06/2017	French	PDF
m120-f-p	31/12/2016	31/01/2018	12/03/2018	French	PDF
Full model	31/12/2015	21/06/2016	12/07/2016	French	PDF
m120-f-p	31/12/2015	17/10/2016	17/08/2017	French	PDF
Full model	31/12/2014	10/06/2015	09/12/2015	French	PDF
m120-f-p	31/12/2014	20/11/2015	22/12/2015	French	PDF
Full model	31/12/2013	17/06/2014	29/08/2014	French	PDF
m120-f-p	31/12/2013	24/10/2014	17/02/2015	French	PDF
Full model	31/12/2012	18/06/2013	31/07/2013	French	PDF
m120-f-p	31/12/2012	19/11/2013	23/04/2014	French	PDF
Full model	31/12/2011	19/06/2012	27/08/2012	French	PDF
m120-f-p	31/12/2011	19/11/2012	07/12/2012	French	PDF

View all 32 filings

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 · 13 ended

Active mandates

MAGILITY

Director · since 01 août 2024 · 1009.883.232

Active

Ended mandates

M.V.V.M.

Director · since 21 décembre 2023 · until 01 août 2024 · 0880.378.136

Represented by Maurienne WILL

Ended

M.V.V.M.

Director · since 21 décembre 2023 · 0880.378.136

Represented by Maurienne WILL

Ended

M.V.V.M.

Director · since 16 mars 2023 · until 19 juin 2029 · 0880.378.136

Represented by Maurienne WILL

Ended

M.V.V.M.

Director · since 01 février 2021 · until 18 juin 2024 · 0880.378.136

Represented by Maurienne WILL

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring01/10/2025
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Restructuring26/06/2025
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates11/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates06/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring01/02/2023
OBJET - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring26/10/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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 2025122,9 k €↑
2024
Annual accounts 202471,8 k €↓
2023
Annual accounts 202321,6 M €↑
2022
Annual accounts 2022-479,2 k €↓
2021
Annual accounts 2021103,7 k €↑
2020
Annual accounts 202020,3 k €↓
2019
Annual accounts 201933,8 k €↑
2018
Annual accounts 201833,6 k €↑
2017
Annual accounts 201724,7 k €↑
2016
Annual accounts 201616,8 k €↓
2015
Annual accounts 201536,6 k €↑
2014
Annual accounts 2014-51 k €↓
2013
Annual accounts 2013-31,6 k €↓
2012
Annual accounts 20121 M €↑
2011
Annual accounts 2011110,7 k €↓
2010
Annual accounts 2010455,6 k €↑
2009
Annual accounts 2009409,1 k €↑
2008
Annual accounts 200845,9 k €↓
2007
Annual accounts 200764,1 k €↑
2006
Annual accounts 200639,9 k €
12/12/1991
IncorporationPrivate 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

DEPHARM

Overview

What does DEPHARM 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