ACTIVE

ARSEUS LAB

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Financial year 2024 · closed on 28/12/2024

Net result

228,3 k €

+51.6% YoY

Revenue

10,2 M €

+3.6% YoY

Equity

3,1 M €

+7.9% YoY

Workforce

20,7 ETP

+3.5% YoY

What does ARSEUS LAB do?

ARSEUS LAB is a Public limited company incorporated in 1993. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Waregem. It employs on average 20,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.810.171

Incorporation

03/09/1993

Legal form

Public limited company

Registered office

Mannebeekstraat 33
8790 Waregem · FlandreSee on map

Contributed capital

5 492 961,00 €

Latest accounts

28/12/2024

Average workforce

20,7 ETP

Activities (NACE)

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

Joint committees (5)

Signals

ProfitableSolid equityPositive 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

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	10,2 M €	+3.6%	9,9 M €	-1.5%	10 M €	+12.8%	8,9 M €	+40.3%	6,3 M €	-10.0%	7 M €	+3.7%	6,8 M €	-3.4%	7 M €	-6.1%	7,5 M €	+7.9%	6,9 M €	-4.6%	7,3 M €	+0.6%	7,2 M €	-1.8%	7,4 M €	+1.9%	7,2 M €	-7.2%	7,8 M €	+135%	3,3 M €	+332%	766,3 k €	-67.7%	2,4 M €	+10.5%	2,1 M €
EBITDA	112,7 k €	-69.3%	367,6 k €	+15.5%	318,3 k €	+26.2%	252,3 k €	+414%	-80,3 k €	+37.0%	-127,4 k €	+14.1%	-148,4 k €	+75.9%	-616,7 k €	-90.3%	-324,1 k €	-507%	79,6 k €	-85.4%	546,5 k €	-5.0%	575,5 k €	+20.8%	476,4 k €	+27.4%	374 k €	+13.9%	328,3 k €	+311%	79,9 k €	+134%	-235,9 k €	+72.9%	-871,5 k €	-329%	-203,3 k €
Operating result	342,9 k €	+24.8%	274,7 k €	-18.6%	337,3 k €	+30.3%	258,8 k €	+345%	-105,8 k €	+4.4%	-110,7 k €	+62.5%	-295,3 k €	+57.2%	-690,1 k €	-258%	-192,9 k €	-33.9%	-144,1 k €	-147%	307,6 k €	+4.4%	294,5 k €	+7.6%	273,7 k €	+16.6%	234,8 k €	-12.9%	269,5 k €	+379%	56,2 k €	+117%	-340 k €	+69.0%	-1,1 M €	-144%	-449 k €
Net result	228,3 k €	+51.6%	150,6 k €	-40.3%	252,2 k €	+55.0%	162,7 k €	+235%	-120,7 k €	+40.4%	-202,4 k €	+45.5%	-371,6 k €	+50.5%	-750,4 k €	-160%	-288,4 k €	-1.7%	-283,5 k €	-269%	167,7 k €	-28.3%	233,9 k €	+10.2%	212,2 k €	+5.8%	200,6 k €	-13.4%	231,6 k €	+133%	99,3 k €	+173%	-135,2 k €	+90.8%	-1,5 M €	-115%	-682,8 k €
Balance sheet
Equity	3,1 M €	+7.9%	2,9 M €	+5.5%	2,8 M €	+10.1%	2,5 M €	+6.9%	2,3 M €	-4.9%	2,5 M €	-7.6%	2,7 M €	-12.2%	3 M €	-19.8%	3,8 M €	-7.1%	4,1 M €	-6.5%	4,4 M €	+4.0%	4,2 M €	+5.9%	4 M €	+5.7%	3,7 M €	+5.7%	3,5 M €	-61.9%	9,3 M €	+1.1%	9,2 M €	+112%	4,3 M €	+2432%	-186,5 k €
Total assets	6,2 M €	-9.5%	6,8 M €	+6.5%	6,4 M €	+11.5%	5,7 M €	+5.8%	5,4 M €	-4.7%	5,7 M €	-4.2%	5,9 M €	-2.5%	6,1 M €	+2.2%	6 M €	-44.9%	10,8 M €	-3.4%	11,2 M €	+89.5%	5,9 M €	+1.2%	5,8 M €	+10.9%	5,3 M €	+4.3%	5 M €	-55.5%	11,3 M €	+22.5%	9,3 M €	+0.1%	9,3 M €	+81.6%	5,1 M €
Cash	262,1 k €	+21.3%	216 k €	-17.3%	261,1 k €	+265%	71,6 k €	+22.8%	58,3 k €	-63.1%	158,1 k €	+53.4%	103 k €	-22.0%	132,1 k €	-27.9%	183,3 k €	-47.3%	347,9 k €	+106%	169,1 k €	-95.9%	4,2 M €	+6.2%	3,9 M €	+36.1%	2,9 M €	+51.9%	1,9 M €	-74.0%	7,3 M €	-19.7%	9,1 M €	+30.2%	7 M €	+362%	1,5 M €
Debts	2,9 M €	-23.1%	3,7 M €	+5.6%	3,5 M €	+10.9%	3,2 M €	+5.1%	3 M €	-4.6%	3,2 M €	-2.0%	3,2 M €	+8.2%	3 M €	+41.4%	2,1 M €	-68.1%	6,6 M €	-2.6%	6,8 M €	+307%	1,7 M €	-9.8%	1,8 M €	+24.2%	1,5 M €	+1.4%	1,5 M €	-27.6%	2 M €	+4276%	46,3 k €	-99.1%	4,9 M €	-6.9%	5,3 M €
Other
Workforce	20,7 ETP	+3.5%	20,0 ETP	+25.0%	16,0 ETP	+3.2%	15,5 ETP	-6.1%	16,5 ETP	-1.2%	16,7 ETP	+13.6%	14,7 ETP	-7.0%	15,8 ETP	-21.8%	20,2 ETP	-1.5%	20,5 ETP	+9.6%	18,7 ETP	+27.2%	14,7 ETP	+7.3%	13,7 ETP	+14.2%	12,0 ETP	-20.0%	15,0 ETP	+85.2%	8,1 ETP	+14.1%	7,1 ETP	-46.6%	13,3 ETP	+84.7%	7,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 28/12/2024 · 3 active · 26 ended

Active mandates

David Dibon

Director · since 16 juin 2025 · until 31 décembre 2030

Active

Joost Bakker

Director · since 16 juin 2025 · until 31 décembre 2030

Active

Cornelis Willem Jan Balder

Director · since 10 juillet 2024 · until 05 juin 2030

Active

Ended mandates

Eduard van Nieuwkerk

Director · since 02 juin 2022 · until 07 juin 2028

Ended

Daniel Nascimento

Director · since 01 avril 2022 · until 07 juin 2028

Ended

Consultancy Demco S.a.r.l.

Director · since 30 mars 2018 · until 01 avril 2022

Represented by Willem Demuynck

Ended

Consultancy Demco S.a.r.l.

Director · since 30 mars 2018 · until 05 juin 2024

Represented by Willem Demuynck

Ended

At this address

Other companies at this address

Company	CBE no.
ALPHADENT● Active	0414.789.321
BankB● Active	0400.040.965
CEFIMA● Active	0454.123.217
IMMO DESAN● Active	0446.794.767

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	31/12/2023	01/01/2023	26/12/2021	27/12/2020	29/12/2019	30/12/2018
Closing of the financial year	28/12/2024	30/12/2023	31/12/2022	25/12/2021	26/12/2020	28/12/2019
Length of the financial year	13 months	12 months	13 months	13 months	13 months	13 months
Filing date	22/07/2025	23/01/2025	21/06/2023	17/06/2022	25/06/2021	25/06/2020
General meeting	18/07/2025	05/06/2024	07/06/2023	01/06/2022	02/06/2021	03/06/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	28/12/2024	18/07/2025	22/07/2025	Dutch	PDF
Full modelCorrection	30/12/2023	05/06/2024	23/01/2025	Dutch	PDF
Full model	30/12/2023	05/06/2024	12/06/2024	Dutch	PDF
Full model	31/12/2022	07/06/2023	21/06/2023	Dutch	PDF
Full model	25/12/2021	01/06/2022	17/06/2022	Dutch	PDF
Full model	26/12/2020	02/06/2021	25/06/2021	Dutch	PDF
Full model	28/12/2019	03/06/2020	25/06/2020	Dutch	PDF
Full model	29/12/2018	05/06/2019	27/06/2019	Dutch	PDF
Full model	30/12/2017	06/06/2018	21/06/2018	Dutch	PDF
Full model	31/12/2016	26/06/2017	11/07/2017	Dutch	PDF
Full model	31/12/2015	27/06/2016	08/07/2016	Dutch	PDF
Full model	31/12/2014	29/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	18/07/2014	29/07/2014	Dutch	PDF
Full model	31/12/2012	24/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	13/07/2012	Dutch	PDF
Full model	31/12/2010	27/06/2011	13/07/2011	Dutch	PDF
Full model	31/12/2009	28/06/2010	19/07/2010	Dutch	PDF
Full model	31/12/2008	29/06/2009	14/07/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	17/07/2008	Dutch	PDF
Full model	31/12/2006	30/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 28/12/2024 · 3 active · 26 ended

Active mandates

David Dibon

Director · since 16 juin 2025 · until 31 décembre 2030

Active

Joost Bakker

Director · since 16 juin 2025 · until 31 décembre 2030

Active

Cornelis Willem Jan Balder

Director · since 10 juillet 2024 · until 05 juin 2030

Active

Ended mandates

Eduard van Nieuwkerk

Director · since 02 juin 2022 · until 07 juin 2028

Ended

Daniel Nascimento

Director · since 01 avril 2022 · until 07 juin 2028

Ended

Consultancy Demco S.a.r.l.

Director · since 30 mars 2018 · until 01 avril 2022

Represented by Willem Demuynck

Ended

Consultancy Demco S.a.r.l.

Director · since 30 mars 2018 · until 05 juin 2024

Represented by Willem Demuynck

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other01/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2018
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

2024
Annual accounts 2024228,3 k €↑
2023
Annual accounts 2023150,6 k €↓
2022
Annual accounts 2022252,2 k €↑
2021
Annual accounts 2021162,7 k €↑
2020
Annual accounts 2020-120,7 k €↑
2019
Annual accounts 2019-202,4 k €↑
2018
Annual accounts 2018-371,6 k €↑
2017
Annual accounts 2017-750,4 k €↓
2016
Annual accounts 2016-288,4 k €↓
2015
Annual accounts 2015-283,5 k €↓
2014
Annual accounts 2014167,7 k €↓
2013
Annual accounts 2013233,9 k €↑
2012
Annual accounts 2012212,2 k €↑
2011
Annual accounts 2011200,6 k €↓
2010
Annual accounts 2010231,6 k €↑
2009
Annual accounts 200999,3 k €↑
2008
Annual accounts 2008-135,2 k €↑
2008
Name changeARSEUS LAB
2007
Annual accounts 2007-1,5 M €↓
2006
Annual accounts 2006-682,8 k €
2006
Name changeEURO DENTAL & MEDICAL
03/09/1993
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

ARSEUS LAB

Overview

What does ARSEUS LAB 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