ACTIVE

MSD Animal Health

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result1,1 M €-21,3 %over 1 year
Revenue52,7 M €+3,6 %over 1 year
Equity3,9 M €-19,2 %over 1 year
Workforce54,8 ETP-1,4 %over 1 year

Identity

Source · BCE/KBO

MSD Animal Health is a Private limited company incorporated in 1994. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Watermael-Boitsfort. It employs on average 54,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0453.699.385
Incorporation
27/10/1994
Legal form
Private limited company
Registered office
Boulevard du Souverain 25
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
2 226 400,00 €
Latest accounts
31/12/2025
Average workforce
54,8 ETP
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 4 financial years

2025202420232022
Income statement
Revenue52,7 M €50,8 M €51,6 M €49,5 M €
EBITDA2,1 M €2,4 M €1,4 M €1,8 M €
Operating result1,7 M €2,1 M €1,8 M €1,7 M €
Net result1,1 M €1,4 M €1,1 M €842,1 k €
Balance sheet
Equity3,9 M €4,8 M €11,4 M €10,4 M €
Total assets26,6 M €24 M €21,7 M €19,8 M €
Cash123,8 k €–2,8 k €1,4 k €
Debts22,5 M €18,9 M €10 M €9,2 M €
Other
Workforce54,8 ETP55,6 ETP61,2 ETP60,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Ciar Harbord

Director · since 13 janvier 2025

Active
Mairéad McCaul

Director · since 01 avril 2024

Active
Michel Deinum

Director · since 15 septembre 2023 · until 25 février 2026

Active

Ended mandates

Michel Deinum

Director · since 15 septembre 2023

Ended
Rietja Hart

Director · since 31 mai 2021 · until 01 août 2024

Ended
Rietja Hart

Director · since 31 mai 2021

Ended
Cathy Winnepenninckx

Director · since 06 décembre 2019 · until 15 novembre 2023

Ended

Other companies at this address

Boulevard du Souverain 25 1170 Watermael-Boitsfort
CompanyCBE no.
ADVOCAAT ISABELLE DE SOMVIELE● Active
0833.415.288
Afinit Digital● Active
0699.911.319
AGRITER● Active
0555.703.892
AI BY CHA● Active
1036.486.075
ALLYUM● Active
0897.106.775
ANNE WILS● Active
0745.546.651
ASSURANCE MANAGEMENT ASSOCIATION● Liquidation
0448.745.457
AUXIPRESS● Active
0403.529.995
AVOSIAL● Active
1007.397.656
BIVOUWAGG● Active
0744.606.741
BIZIMMO● Active
0667.687.622
BLUE 2 PURPLE● Active
0895.341.078
BRDB● Active
0881.300.527
Buildingnest● Active
0677.607.950
Caroline Huart avocate● Active
1022.700.296
CHARLOTTE PIL● Active
0794.637.658
CHRIS ENGELS● Active
0473.142.937
CLAEYS & ENGELS● Active
0473.547.070
Commerce 123● Active
0885.073.332
Coopérative U.P.B.● Liquidation
0402.833.674

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/07/202624/10/202518/07/202403/07/202330/06/202202/07/2021
General meeting24/06/202625/06/202526/06/202428/06/202329/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/06/202607/07/2026DutchPDF
Full modelCorrection31/12/202425/06/202524/10/2025DutchPDF
Full model31/12/202425/06/202527/06/2025DutchPDF
Full model31/12/202326/06/202418/07/2024DutchPDF
Full model31/12/202228/06/202303/07/2023DutchPDF
Full model31/12/202129/06/202230/06/2022DutchPDF
Full model31/12/202030/06/202102/07/2021DutchPDF
Full model31/12/201924/06/202001/07/2020DutchPDF
Full model31/12/201802/08/201902/08/2019DutchPDF
Full model31/12/201727/06/201813/07/2018DutchPDF
Full model31/12/201612/10/201702/11/2017DutchPDF
Full model31/12/201529/06/201601/07/2016DutchPDF
Full model31/12/201424/06/201506/07/2015DutchPDF
Full model31/12/201325/06/201408/07/2014DutchPDF
Full model31/12/201226/06/201324/07/2013DutchPDF
Full modelCorrection31/12/201127/06/201211/03/2013DutchPDF
Full model31/12/201127/06/201205/07/2012DutchPDF
Full model31/12/201029/06/201111/07/2011DutchPDF
Full model31/12/200930/06/201013/07/2010DutchPDF
Full model31/12/200820/08/200907/09/2009DutchPDF
Full model31/12/200724/04/200829/09/2008DutchPDF
Full model31/12/200606/06/200728/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Ciar Harbord

Director · since 13 janvier 2025

Active
Mairéad McCaul

Director · since 01 avril 2024

Active
Michel Deinum

Director · since 15 septembre 2023 · until 25 février 2026

Active

Ended mandates

Michel Deinum

Director · since 15 septembre 2023

Ended
Rietja Hart

Director · since 31 mai 2021 · until 01 août 2024

Ended
Rietja Hart

Director · since 31 mai 2021

Ended
Cathy Winnepenninckx

Director · since 06 décembre 2019 · until 15 novembre 2023

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,1 M €↓
  2. 2024
    Annual accounts 20241,4 M €↑
  3. 2023
    Annual accounts 20231,1 M €↑
  4. 2022
    Annual accounts 2022842,1 k €
  5. 27/10/1994
    IncorporationPrivate limited company