ACTIVE

CSL BEHRING

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Financial year 2025 · closed on 30/06/2025

Net result

9 M €

+37.7% YoY

Revenue

184,4 M €

+16.1% YoY

Equity

48,3 M €

+22.9% YoY

Workforce

36,4 ETP

+1.4% YoY

What does CSL BEHRING do?

CSL BEHRING is a Public limited company incorporated in 1995. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Mechelen. It employs on average 36,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.483.701

Incorporation

15/02/1995

Legal form

Public limited company

Registered office

Bedrijvenlaan 11
2800 Mechelen · FlandreSee on map

Contributed capital

1 659 857,00 €

Latest accounts

30/06/2025

Average workforce

36,4 ETP

Activities (NACE)

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

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2020		2018		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	184,4 M €	+16.1%	158,9 M €	+12.8%	140,9 M €	+16.8%	120,6 M €	-3.2%	124,6 M €	+81.6%	68,6 M €	+60.0%	42,9 M €	+12.3%	38,2 M €	+7.5%	35,5 M €	+17.6%	30,2 M €	+15.9%	26,1 M €	-20.7%	32,9 M €	+57.7%	20,8 M €
EBITDA	12,2 M €	+39.5%	8,7 M €	+35.9%	6,4 M €	-4.7%	6,7 M €	+11.2%	6,1 M €	+110%	2,9 M €	+79.3%	1,6 M €	+77.4%	907,5 k €	-35.2%	1,4 M €	+37.8%	1 M €	+12.3%	905,6 k €	-45.7%	1,7 M €	+182%	591,4 k €
Operating result	12,2 M €	+39.7%	8,7 M €	+36.3%	6,4 M €	-4.5%	6,7 M €	+11.6%	6 M €	+101%	3 M €	+93.6%	1,5 M €	+126%	682,4 k €	-42.4%	1,2 M €	+48.2%	799,8 k €	+16.6%	685,9 k €	-52.4%	1,4 M €	+307%	354,2 k €
Net result	9 M €	+37.7%	6,5 M €	+46.2%	4,5 M €	-10.8%	5 M €	+22.2%	4,1 M €	+120%	1,9 M €	+97.2%	944,4 k €	+303%	234,6 k €	-62.8%	630,4 k €	+69.2%	372,6 k €	+27.4%	292,5 k €	-73.3%	1,1 M €	+354%	241,6 k €
Balance sheet
Equity	48,3 M €	+22.9%	39,3 M €	+20.0%	32,7 M €	+15.8%	28,3 M €	+52.9%	18,5 M €	+54.0%	12 M €	+67.0%	7,2 M €	+15.1%	6,2 M €	+3.9%	6 M €	+11.7%	5,4 M €	+7.4%	5 M €	+6.2%	4,7 M €	+30.3%	3,6 M €
Total assets	92 M €	+15.9%	79,4 M €	+23.3%	64,4 M €	+40.1%	46 M €	-4.9%	48,3 M €	+53.7%	31,4 M €	+47.7%	21,3 M €	+0.1%	21,2 M €	+4.9%	20,2 M €	+15.7%	17,5 M €	+20.2%	14,6 M €	+7.3%	13,6 M €	+8.1%	12,5 M €
Cash	–		–		–		–		–		–		2,4 M €	+4562347%	53 €	-42.4%	92 €	-67.7%	284,7 €	+373%	60,2 €	-62.5%	160,5 €	+63.8%	98 €
Debts	43,8 M €	+9.1%	40,1 M €	+26.7%	31,7 M €	+78.8%	17,7 M €	-40.6%	29,8 M €	+53.9%	19,4 M €	+38.0%	14 M €	-6.1%	15 M €	+5.0%	14,2 M €	+17.5%	12,1 M €	+26.9%	9,5 M €	+7.9%	8,8 M €	-0.9%	8,9 M €
Other
Workforce	36,4 ETP	+1.4%	35,9 ETP	+8.8%	33,0 ETP	+4.8%	31,5 ETP	+4.0%	30,3 ETP	+26.3%	24,0 ETP	+32.6%	18,1 ETP	+4.0%	17,4 ETP	+7.4%	16,2 ETP	+5.9%	15,3 ETP	+1.3%	15,1 ETP	-8.5%	16,5 ETP	+16.2%	14,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 22 ended

Active mandates

Marcelo Horacio Estrella

Director · since 28 novembre 2024 · until 22 novembre 2029

Active

Camilla-Gyulshen Bilialovna Shen

Director · since 01 octobre 2024 · until 30 juin 2029

Active

Patrick Reygaert

Director · since 25 novembre 2021 · until 26 novembre 2026

Active

Ended mandates

Camilla-Gyulshen Bilialovna

Director · since 01 octobre 2024 · until 30 juin 2029

Ended

Lutz Bonacker

Director · since 30 juin 2019 · until 28 novembre 2024

Ended

Lutz Bonacker

Director · since 23 juin 2019 · until 30 septembre 2024

Ended

Lutz Bonacker

Director · since 23 juin 2019 · until 28 novembre 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/12/2025	18/12/2024	20/11/2023	15/12/2022	17/01/2022	18/12/2020
General meeting	27/11/2025	28/11/2024	27/10/2023	24/11/2022	25/11/2021	26/11/2020
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

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	27/11/2025	19/12/2025	Dutch	PDF
Full model	30/06/2024	28/11/2024	18/12/2024	Dutch	PDF
Full model	30/06/2023	27/10/2023	20/11/2023	Dutch	PDF
Full model	30/06/2022	24/11/2022	15/12/2022	Dutch	PDF
Full modelCorrection	30/06/2021	25/11/2021	17/01/2022	Dutch	PDF
Full model	30/06/2021	25/11/2021	20/12/2021	Dutch	PDF
Full model	30/06/2020	26/11/2020	18/12/2020	Dutch	PDF
Full model	30/06/2019	20/12/2019	27/12/2019	Dutch	PDF
Full model	30/06/2018	15/02/2019	14/03/2019	Dutch	PDF
Full model	30/06/2017	30/11/2017	30/01/2018	Dutch	PDF
Full model	30/06/2016	24/11/2016	09/02/2017	Dutch	PDF
Full model	30/06/2015	26/11/2015	16/12/2015	Dutch	PDF
Full model	30/06/2014	27/11/2014	31/12/2014	Dutch	PDF
Full model	30/06/2013	28/11/2013	09/01/2014	Dutch	PDF
Full model	30/06/2012	29/11/2012	15/01/2013	Dutch	PDF
Full model	30/06/2011	24/11/2011	23/12/2011	Dutch	PDF
m121-f-p	30/06/2011	19/10/2011	23/12/2011	Dutch	PDF
Full model	30/06/2010	25/11/2010	30/11/2010	Dutch	PDF
m121-f-p	30/06/2010	13/10/2010	30/11/2010	Dutch	PDF
Full model	30/06/2009	26/11/2009	02/12/2009	Dutch	PDF
m121-f-p	30/06/2009	19/08/2009	02/12/2009	Dutch	PDF
Full model	30/06/2008	27/11/2008	30/12/2008	Dutch	PDF
Full model	30/06/2007	29/11/2007	28/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 30/06/2025 · 3 active · 22 ended

Active mandates

Marcelo Horacio Estrella

Director · since 28 novembre 2024 · until 22 novembre 2029

Active

Camilla-Gyulshen Bilialovna Shen

Director · since 01 octobre 2024 · until 30 juin 2029

Active

Patrick Reygaert

Director · since 25 novembre 2021 · until 26 novembre 2026

Active

Ended mandates

Camilla-Gyulshen Bilialovna

Director · since 01 octobre 2024 · until 30 juin 2029

Ended

Lutz Bonacker

Director · since 30 juin 2019 · until 28 novembre 2024

Ended

Lutz Bonacker

Director · since 23 juin 2019 · until 30 septembre 2024

Ended

Lutz Bonacker

Director · since 23 juin 2019 · until 28 novembre 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2014
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 20259 M €↑
01/10/2024
nominationCamilla Shen — bestuurder
2024
Annual accounts 20246,5 M €↑
2023
Annual accounts 20234,5 M €↓
2022
Annual accounts 20225 M €↑
25/11/2021
reconductionPatrick Reygaert — bestuurder
2020
Annual accounts 20204,1 M €↑
2018
Annual accounts 20181,9 M €↑
2015
Annual accounts 2015944,4 k €↑
2014
Annual accounts 2014234,6 k €↓
2013
Annual accounts 2013630,4 k €↑
2012
Annual accounts 2012372,6 k €↑
2011
Annual accounts 2011292,5 k €↓
2010
Annual accounts 20101,1 M €↑
2009
Annual accounts 2009241,6 k €
15/02/1995
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

CSL BEHRING

Overview

What does CSL BEHRING do?

Trend over 13 financial years

Indicative valuation

Board of directors

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