ACTIVE

PHARMA MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

376,8 k €

+94.4% YoY

Gross margin

183,2 k €

-55.0% YoY

Equity

1,2 M €

-31.2% YoY

Workforce

2,5 ETP

0.0% YoY

What does PHARMA MANAGEMENT do?

PHARMA MANAGEMENT is a Public limited company incorporated in 1994. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Landen. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.878.656

Incorporation

13/01/1994

Legal form

Public limited company

Registered office

Hannuitsesteenweg 78
3400 Landen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

2,5 ETP

Activities (NACE)

47730Dispensing chemist in specialised stores· main 47730Dispensing chemist in specialised stores 69109Legal activities 69109Legal activities 74111Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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
Gross margin	183,2 k €	-55.0%	407 k €	-22.7%	526,5 k €	+2.5%	513,8 k €	+3.5%	496,6 k €	-0.8%	500,7 k €	+7.2%	467,2 k €	+1.3%	461,1 k €	+34.9%	341,9 k €	+21.5%	281,3 k €	-16.4%	336,5 k €	+12.8%	298,3 k €	+11.3%	268,1 k €	+26.0%	212,8 k €	+3.8%	205,1 k €	-4.9%	215,5 k €	+0.5%	214,5 k €	+291%	54,8 k €	+2674%	-2,1 k €	-102%	100,7 k €
EBITDA	67,9 k €	-79.0%	324,1 k €	-7.7%	351,2 k €	-1.9%	357,9 k €	+22.4%	292,4 k €	-5.8%	310,4 k €	+2.7%	302,1 k €	-9.6%	334 k €	+79.9%	185,7 k €	-3.9%	193,2 k €	-23.3%	251,9 k €	+21.8%	206,9 k €	+7.5%	192,4 k €	+19.2%	161,4 k €	+2.9%	156,9 k €	-9.9%	174,2 k €	-7.3%	188 k €	+686%	23,9 k €	+985%	-2,7 k €	-103%	82,3 k €
Operating result	31,5 k €	-89.1%	287,7 k €	-8.9%	315,7 k €	-6.8%	338,7 k €	+22.8%	275,9 k €	-6.1%	293,9 k €	+9.1%	269,3 k €	-10.6%	301,2 k €	+97.0%	152,9 k €	-13.6%	176,9 k €	-24.9%	235,6 k €	+20.9%	194,9 k €	+8.0%	180,4 k €	+20.7%	149,4 k €	+3.1%	144,9 k €	-10.6%	162,1 k €	-13.7%	188 k €	+686%	23,9 k €	+985%	-2,7 k €	-103%	82,3 k €
Net result	376,8 k €	+94.4%	193,8 k €	-8.9%	212,7 k €	-6.4%	227,3 k €	+23.8%	183,7 k €	-6.2%	195,8 k €	+36.5%	143,4 k €	-24.4%	189,6 k €	+280%	49,9 k €	-24.5%	66,1 k €	-44.9%	120,1 k €	+58.7%	75,7 k €	+4.3%	72,5 k €	-12.0%	82,5 k €	-64.8%	234,4 k €	+369%	49,9 k €	-30.4%	71,7 k €	+426%	-22 k €	-325%	9,8 k €	-98.9%	927,7 k €
Balance sheet
Equity	1,2 M €	-31.2%	1,7 M €	+12.8%	1,5 M €	-36.9%	2,4 M €	+10.4%	2,2 M €	+9.2%	2 M €	+10.9%	1,8 M €	+8.7%	1,7 M €	+12.9%	1,5 M €	+3.5%	1,4 M €	+4.9%	1,3 M €	+9.8%	1,2 M €	+6.6%	1,2 M €	-5.7%	1,2 M €	+7.2%	1,1 M €	-0.1%	1,1 M €	+4.6%	1,1 M €	+7.0%	1 M €	-2.1%	1 M €	+0.9%	1 M €
Total assets	3,2 M €	-10.2%	3,5 M €	+1.4%	3,5 M €	-18.4%	4,3 M €	+2.2%	4,2 M €	+5.0%	4 M €	+4.1%	3,8 M €	+2.6%	3,7 M €	+7.1%	3,5 M €	+26.9%	2,7 M €	+5.4%	2,6 M €	+5.0%	2,5 M €	+4.1%	2,4 M €	-9.7%	2,6 M €	+4.0%	2,5 M €	+2.6%	2,5 M €	+3.5%	2,4 M €	+6.0%	2,3 M €	+116%	1 M €	-1.2%	1,1 M €
Cash	36,1 k €	-47.4%	68,7 k €	+57.1%	43,7 k €	-21.8%	55,9 k €	-70.2%	187,4 k €	+538%	29,4 k €	-33.7%	44,3 k €	+45.0%	30,5 k €	-41.0%	51,8 k €	+10.4%	46,9 k €	-64.7%	132,8 k €	+583%	19,4 k €	-62.4%	51,7 k €	+75.0%	29,5 k €	-63.2%	80,4 k €	+127%	35,4 k €	+224%	10,9 k €	-59.3%	26,8 k €	+4636%	565,6 €	-99.9%	1 M €
Debts	2 M €	+9.5%	1,8 M €	-7.4%	2 M €	+5.3%	1,9 M €	-6.7%	2 M €	+0.8%	2 M €	-1.9%	2 M €	-2.3%	2,1 M €	+2.8%	2 M €	+51.9%	1,3 M €	+6.0%	1,3 M €	+0.4%	1,2 M €	+8.3%	1,2 M €	-13.5%	1,3 M €	-4.4%	1,4 M €	+11.4%	1,3 M €	+2.4%	1,2 M €	+2.8%	1,2 M €		–		22,6 k €
Other
Workforce	2,5 ETP	0.0%	2,5 ETP	+8.7%	2,3 ETP	0.0%	2,3 ETP	-32.4%	3,4 ETP	+3.0%	3,3 ETP	0.0%	3,3 ETP	+57.1%	2,1 ETP	-25.0%	2,8 ETP	+55.6%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	-5.3%	1,9 ETP	+18.7%	1,6 ETP	0.0%	1,6 ETP	+33.3%	1,2 ETP	+33.3%	0,9 ETP	+125%	0,4 ETP		–		0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Bart Hendrickx

Managing director · since 31 mai 2019

Active

Pascale Goethuys

Director · since 31 mai 2019

Active

Ended mandates

Bart Hendrickx

Managing director · since 31 mai 2019 · until 30 mai 2025

Ended

BART HENDRICKX

Managing director · since 31 mai 2019 · until 31 mai 2025

Ended

Pascale Goethuys

Director · since 31 mai 2019 · until 30 mai 2025

Ended

PASCALE GOETHUYS

Director · since 31 mai 2019 · until 31 mai 2025

Ended

At this address

Other companies at this address

Company	CBE no.
APOTHEEK BART HENDRICKX● Active	0476.238.722

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	29/07/2026	07/07/2025	29/08/2024	23/08/2023	21/09/2022	30/08/2021
General meeting	30/06/2026	21/06/2025	03/05/2024	03/05/2023	03/05/2022	03/05/2021
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	30/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/05/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	03/05/2023	23/08/2023	Dutch	PDF
Abridged model	31/12/2021	03/05/2022	21/09/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	23/09/2020	Dutch	PDF
Abridged model	31/12/2018	03/05/2019	26/09/2019	Dutch	PDF
Abridged model	31/12/2017	03/05/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	03/05/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/05/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	05/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	11/08/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	10/08/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	24/05/2007	31/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 11 ended

Active mandates

Bart Hendrickx

Managing director · since 31 mai 2019

Active

Pascale Goethuys

Director · since 31 mai 2019

Active

Ended mandates

Bart Hendrickx

Managing director · since 31 mai 2019 · until 30 mai 2025

Ended

BART HENDRICKX

Managing director · since 31 mai 2019 · until 31 mai 2025

Ended

Pascale Goethuys

Director · since 31 mai 2019 · until 30 mai 2025

Ended

PASCALE GOETHUYS

Director · since 31 mai 2019 · until 31 mai 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares14/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN
PDF
Mandates19/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/01/2014
KAPITAAL - AANDELEN
PDF
Mandates13/09/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2007
MAATSCHAPPELIJKE ZETEL - 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 2025376,8 k €↑
2024
Annual accounts 2024193,8 k €↓
2023
Annual accounts 2023212,7 k €↓
2022
Annual accounts 2022227,3 k €↑
2021
Annual accounts 2021183,7 k €↓
2020
Annual accounts 2020195,8 k €↑
2019
Annual accounts 2019143,4 k €↓
2018
Annual accounts 2018189,6 k €↑
2017
Annual accounts 201749,9 k €↓
2016
Annual accounts 201666,1 k €↓
2015
Annual accounts 2015120,1 k €↑
2014
Annual accounts 201475,7 k €↑
2013
Annual accounts 201372,5 k €↓
2012
Annual accounts 201282,5 k €↓
2011
Annual accounts 2011234,4 k €↑
2010
Annual accounts 201049,9 k €↓
2009
Annual accounts 200971,7 k €↑
2008
Annual accounts 2008-22 k €↓
2007
Annual accounts 20079,8 k €↓
2006
Annual accounts 2006927,7 k €
13/01/1994
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

PHARMA MANAGEMENT

Overview

What does PHARMA MANAGEMENT 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