ACTIVE

RINGFARMA

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Financial year 2025 · closed on 31/12/2025

Net result

6,2 k €

+208.4% YoY

Gross margin

207,6 k €

+8.1% YoY

Equity

84,1 k €

+7.9% YoY

Workforce

2,7 ETP

0.0% YoY

What does RINGFARMA do?

RINGFARMA is a Public limited company incorporated in 1992. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Grimbergen. It employs on average 2,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.348.252

Incorporation

01/10/1992

Legal form

Public limited company

Registered office

Romeinsesteenweg 450-452
1853 Grimbergen · FlandreSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2025

Average workforce

2,7 ETP

Activities (NACE)

46180Agents specialised in the sale of other particular products· main 46180Agents specialised in the sale of other particular products 47730Dispensing chemist in specialised stores 47730Dispensing chemist in specialised stores 51180Passenger air transport 52310Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ 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
Gross margin	207,6 k €	+8.1%	192,2 k €	+41.3%	136 k €	-25.3%	182,1 k €	+6.1%	171,6 k €	-4.1%	178,9 k €	-15.5%	211,7 k €	+4.0%	203,5 k €	+18.3%	172 k €	-14.3%	200,6 k €	-1.2%	202,9 k €	-12.8%	232,7 k €	-5.0%	245 k €	+19.4%	205,2 k €	-7.6%	222,2 k €	+24.7%	178,2 k €	+39.3%	127,9 k €	-17.5%	154,9 k €	-4.4%	162 k €	+2.5%	158 k €
EBITDA	16,4 k €	+714%	2 k €	+58.5%	1,3 k €	-81.6%	6,9 k €	-76.4%	29,4 k €	-34.5%	44,8 k €	-11.9%	50,9 k €	+7.2%	47,4 k €	+5.4%	45 k €	-12.6%	51,5 k €	-8.0%	56 k €	-39.6%	92,7 k €	-8.1%	100,9 k €	+1927%	5 k €	-88.8%	44,3 k €	+107%	21,5 k €	+207%	7 k €	-80.3%	35,5 k €	+83.9%	19,3 k €	+1228%	-1,7 k €
Operating result	12,4 k €	+1219%	939,6 €	+381%	195,4 €	-93.0%	2,8 k €	-89.2%	25,9 k €	-37.4%	41,3 k €	-12.0%	46,9 k €	+9.3%	42,9 k €	+5.1%	40,9 k €	-12.9%	46,9 k €	-9.4%	51,8 k €	-42.7%	90,5 k €	-5.8%	96,1 k €	+38573%	248,4 €	-99.4%	38,9 k €	+157%	15,1 k €	+1838%	780,3 €	-96.5%	22,4 k €	+620%	3,1 k €	+111%	-27,6 k €
Net result	6,2 k €	+208%	-5,7 k €	+7.2%	-6,2 k €	-524%	-985,6 €	-110%	9,4 k €	-64.9%	26,9 k €	-14.7%	31,5 k €	+23.2%	25,6 k €	+19.1%	21,5 k €	-6.4%	23 k €	-21.0%	29,1 k €	-55.2%	64,9 k €	-9.8%	71,9 k €	+481%	-18,9 k €	-190%	21,1 k €	+782%	2,4 k €	+720%	-385,9 €	-102%	17,3 k €	+569%	-3,7 k €	+88.9%	-33,3 k €
Balance sheet
Equity	84,1 k €	+7.9%	77,9 k €	-6.8%	83,6 k €	-6.9%	89,8 k €	-1.1%	90,8 k €	+11.6%	81,4 k €	+49.3%	54,5 k €	+137%	23 k €	+970%	-2,6 k €	+89.1%	-24,1 k €	+48.8%	-47,1 k €	+38.2%	-76,2 k €	+46.0%	-141,1 k €	+33.8%	-213 k €	-9.7%	-194,1 k €	+9.8%	-215,2 k €	+1.1%	-217,6 k €	-0.2%	-217,2 k €	+7.4%	-234,5 k €	-1.6%	-230,9 k €
Total assets	449,4 k €	+16.8%	384,7 k €	-9.5%	425 k €	-2.5%	435,8 k €	+18.4%	368,2 k €	+25.7%	292,9 k €	+5.2%	278,5 k €	+12.3%	247,9 k €	-10.5%	277,1 k €	-8.9%	304,1 k €	+4.5%	290,9 k €	+6.2%	273,9 k €	+5.9%	258,7 k €	+8.3%	238,8 k €	-24.7%	317,3 k €	+63.6%	194 k €	+25.1%	155,1 k €	-19.1%	191,8 k €	+27.1%	150,9 k €	-13.4%	174,2 k €
Cash	45,4 k €	+19.5%	38 k €	+12.2%	33,9 k €	+185%	11,9 k €	-51.8%	24,6 k €	-56.2%	56,1 k €	-11.3%	63,3 k €	+251%	18,1 k €	-67.8%	56,1 k €	+73.2%	32,4 k €	-10.4%	36,1 k €	-21.0%	45,8 k €	-3.3%	47,3 k €	+49.7%	31,6 k €	-64.7%	89,5 k €	+435%	16,7 k €	-48.2%	32,4 k €	-7.6%	35 k €	-11.3%	39,5 k €	+6.3%	37,1 k €
Debts	365,2 k €	+19.1%	306,8 k €	-10.1%	341,3 k €	-1.4%	346 k €	+24.8%	277,4 k €	+31.1%	211,5 k €	-5.6%	224 k €	-0.4%	224,9 k €	-19.6%	279,7 k €	-14.8%	328,3 k €	+0.2%	327,6 k €	-3.6%	339,7 k €	-15.0%	399,7 k €	-11.5%	451,8 k €	-11.7%	511,4 k €	+25.0%	409,2 k €	+10.0%	372,1 k €	-8.9%	408,3 k €	+6.1%	384,7 k €	-4.9%	404,4 k €
Other
Workforce	2,7 ETP	0.0%	2,7 ETP	+42.1%	1,9 ETP	-17.4%	2,3 ETP	-4.2%	2,4 ETP	+33.3%	1,8 ETP	-25.0%	2,4 ETP	0.0%	2,4 ETP	-4.0%	2,5 ETP	0.0%	2,5 ETP	-16.7%	3,0 ETP	0.0%	3,0 ETP	+42.9%	2,1 ETP	-16.0%	2,5 ETP	-10.7%	2,8 ETP	+7.7%	2,6 ETP	+44.4%	1,8 ETP	0.0%	1,8 ETP	-30.8%	2,6 ETP	-16.1%	3,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

GDK FARMA

Managing director · 0899.813.966

Represented by Guy Derkinderen

Active

Ended mandates

Dominique Fosselle

Director · since 20 juin 2017

Ended

GDK FARMA

Managing director · since 20 juin 2017 · 0899.813.966

Represented by Dominique Fosselle

Ended

Apotheek Merchtem DF

Director · since 16 février 2010 · 0447.511.379

Represented by Guy Derkinderen

Ended

GDK FARMA

Managing director · since 16 février 2010 · 0899.813.966

Represented by Guy Derkinderen

Ended

At this address

Other companies at this address

Company	CBE no.
GDK FARMA● Active	0899.813.966
GDK PHARMACY● Active	0434.953.344

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
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	01/01/2023	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	29/06/2026	29/08/2025	30/08/2024	01/09/2023	31/08/2022	31/08/2021
General meeting	15/05/2026	15/06/2025	24/05/2024	15/06/2023	15/06/2022	15/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/05/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	24/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	01/09/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	06/09/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	29/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	08/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	11/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	12/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	13/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	20/10/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

GDK FARMA

Managing director · 0899.813.966

Represented by Guy Derkinderen

Active

Ended mandates

Dominique Fosselle

Director · since 20 juin 2017

Ended

GDK FARMA

Managing director · since 20 juin 2017 · 0899.813.966

Represented by Dominique Fosselle

Ended

Apotheek Merchtem DF

Director · since 16 février 2010 · 0447.511.379

Represented by Guy Derkinderen

Ended

GDK FARMA

Managing director · since 16 février 2010 · 0899.813.966

Represented by Guy Derkinderen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/05/2025
WIJZIGING VASTE VERTEGENWOORDIGER BESTUURDER-
PDF
Mandates15/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates07/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/07/2006
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/11/2002
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 20256,2 k €↑
2024
Annual accounts 2024-5,7 k €↑
2023
Annual accounts 2023-6,2 k €↓
2022
Annual accounts 2022-985,6 €↓
2021
Annual accounts 20219,4 k €↓
2020
Annual accounts 202026,9 k €↓
2019
Annual accounts 201931,5 k €↑
2018
Annual accounts 201825,6 k €↑
2017
Annual accounts 201721,5 k €↓
2016
Annual accounts 201623 k €↓
2015
Annual accounts 201529,1 k €↓
2014
Annual accounts 201464,9 k €↓
2013
Annual accounts 201371,9 k €↑
2012
Annual accounts 2012-18,9 k €↓
2011
Annual accounts 201121,1 k €↑
2010
Annual accounts 20102,4 k €↑
2009
Annual accounts 2009-385,9 €↓
2008
Annual accounts 200817,3 k €↑
2007
Annual accounts 2007-3,7 k €↑
2006
Annual accounts 2006-33,3 k €
01/10/1992
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

RINGFARMA

Overview

What does RINGFARMA 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