ACTIVE

sandoz

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Financial year 2025 · closed on 31/12/2025

Net result

3,2 M €

+326.6% YoY

Revenue

115,3 M €

+3.0% YoY

Equity

16,8 M €

+23.7% YoY

Workforce

99,1 ETP

-4.4% YoY

What does sandoz do?

sandoz is a Public limited company incorporated in 1996. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Machelen (Brab.). It employs on average 99,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.517.227

Incorporation

14/03/1996

Legal form

Public limited company

Registered office

Hermeslaan 1
1831 Machelen (Brab.) · FlandreSee on map

Contributed capital

19 240 000,00 €

Latest accounts

31/12/2025

Average workforce

99,1 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	115,3 M €	+3.0%	111,9 M €	+5.5%	106,1 M €	+9.2%	97,2 M €	+2.7%	94,6 M €	-0.2%	94,8 M €	-12.0%	107,7 M €	+8.0%	99,8 M €	+10.3%	90,4 M €	+9.8%	82,4 M €	+9.7%	75,1 M €	+3.8%	72,3 M €	+20.9%	59,8 M €	+8.8%	55 M €	+1.4%	54,2 M €	+18.0%	46 M €
EBITDA	6,6 M €	+479%	1,1 M €	+101%	570 k €	-70.1%	1,9 M €	+85.1%	1 M €	-79.1%	4,9 M €	+70.5%	2,9 M €	+7.1%	2,7 M €	+6.3%	2,5 M €	+48.3%	1,7 M €	-19.3%	2,1 M €	-22.2%	2,7 M €	-13.6%	3,2 M €	+2484%	122,1 k €	-88.7%	1,1 M €	+159%	-1,8 M €
Operating result	4,8 M €	+115%	2,2 M €	+4.0%	2,2 M €	+6.1%	2 M €	+14.5%	1,8 M €	+1.4%	1,8 M €	-29.5%	2,5 M €	+66.0%	1,5 M €	-24.6%	2 M €	-3.7%	2,1 M €	+19.0%	1,7 M €	-39.5%	2,9 M €	+2.4%	2,8 M €	+486%	-724,6 k €	-145%	1,6 M €	+972%	149,5 k €
Net result	3,2 M €	+327%	753 k €	-37.0%	1,2 M €	-22.1%	1,5 M €	+75.0%	876,8 k €	-12.1%	997,1 k €	-26.7%	1,4 M €	+105%	662,4 k €	-51.3%	1,4 M €	+45.7%	933,4 k €	-18.7%	1,1 M €	-59.6%	2,8 M €	+10.4%	2,6 M €	+369%	-959,2 k €	-170%	1,4 M €	+305%	-665,1 k €
Balance sheet
Equity	16,8 M €	+23.7%	13,6 M €	+5.9%	12,8 M €	+10.3%	11,6 M €	+15.2%	10,1 M €	+9.5%	9,2 M €	+12.1%	8,2 M €	+19.8%	6,9 M €	+35.3%	5,1 M €	+36.7%	3,7 M €	+33.6%	2,8 M €	+70.5%	1,6 M €	+234%	-1,2 M €	+67.9%	-3,8 M €	-33.8%	-2,8 M €	+32.5%	-4,2 M €
Total assets	55,3 M €	+4.0%	53,2 M €	+20.3%	44,3 M €	+6.1%	41,7 M €	-2.8%	42,9 M €	-20.1%	53,7 M €	+24.5%	43,1 M €	+17.4%	36,8 M €	+16.9%	31,4 M €	+38.7%	22,7 M €	+17.4%	19,3 M €	+7.2%	18 M €	-0.9%	18,2 M €	+9.6%	16,6 M €	-11.2%	18,7 M €	-10.6%	20,9 M €
Cash	–		–		–		–		–		–		–		–		–		680,3 €	-99.7%	196,1 k €	+153067%	128 €	-91.8%	1,6 k €	-99.8%	985,7 k €	+67463%	1,5 k €	-28.2%	2 k €
Debts	35,9 M €	+7.7%	33,3 M €	+18.7%	28,1 M €	+6.9%	26,3 M €	-6.7%	28,2 M €	-31.3%	41 M €	+36.3%	30,1 M €	+18.4%	25,4 M €	+21.4%	20,9 M €	+46.2%	14,3 M €	-0.2%	14,3 M €	+7.5%	13,3 M €	-27.3%	18,3 M €	-8.2%	20 M €	-4.6%	20,9 M €	-15.7%	24,8 M €
Other
Workforce	99,1 ETP	-4.4%	103,7 ETP	-5.8%	110,1 ETP	+0.8%	109,2 ETP	-5.8%	115,9 ETP	-5.8%	123,0 ETP	+0.6%	122,3 ETP	+7.7%	113,6 ETP	-5.2%	119,8 ETP	-6.3%	127,9 ETP	+2.0%	125,4 ETP	+13.8%	110,2 ETP	+6.0%	104,0 ETP	+1.9%	102,1 ETP	+13.7%	89,8 ETP	+7.9%	83,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 32 ended

Active mandates

Ankit AGARWAL

Director · since 11 février 2026 · until 11 février 2032

Active

Rodrigo OSORIO AGUILAR

Director · since 08 janvier 2025 · until 01 février 2026

Active

Christophe DELENTA

Director · since 29 juin 2023 · until 08 janvier 2025

Active

Dries PATTYN

Director · since 29 juin 2023 · until 29 juin 2029

Active

Anatoliy IVANOV

Director · since 31 décembre 2022 · until 06 juin 2025

Active

Ended mandates

Rodrigo OSORIO AGUILAR

Director · since 08 janvier 2025 · until 07 janvier 2031

Ended

Christophe DELENTA

Director · since 29 juin 2023 · until 29 juin 2029

Ended

Anatoliy IVANOV

Director · since 31 décembre 2022 · until 31 décembre 2028

Ended

Andrea MAJOCCHI

Director · since 01 février 2022 · until 29 juin 2023

Ended

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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	01/01/2025	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	15/07/2026	24/06/2025	17/06/2024	07/06/2023	08/06/2022	26/10/2021
General meeting	18/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	03/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	04/06/2024	17/06/2024	Dutch	PDF
Full model	31/12/2022	06/06/2023	07/06/2023	Dutch	PDF
Full model	31/12/2021	07/06/2022	08/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	01/06/2021	26/10/2021	Dutch	PDF
Full model	31/12/2020	01/06/2021	17/06/2021	Dutch	PDF
Full model	31/12/2019	24/06/2020	24/06/2020	Dutch	PDF
Full model	31/12/2018	04/06/2019	07/06/2019	Dutch	PDF
Full model	31/12/2017	05/06/2018	12/06/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	05/07/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	25/06/2014	Dutch	PDF
Full model	31/12/2012	04/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	05/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	07/06/2011	15/06/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	24/06/2009	Dutch	PDF
Full model	31/12/2007	03/06/2008	02/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 5 active · 32 ended

Active mandates

Ankit AGARWAL

Director · since 11 février 2026 · until 11 février 2032

Active

Rodrigo OSORIO AGUILAR

Director · since 08 janvier 2025 · until 01 février 2026

Active

Christophe DELENTA

Director · since 29 juin 2023 · until 08 janvier 2025

Active

Dries PATTYN

Director · since 29 juin 2023 · until 29 juin 2029

Active

Anatoliy IVANOV

Director · since 31 décembre 2022 · until 06 juin 2025

Active

Ended mandates

Rodrigo OSORIO AGUILAR

Director · since 08 janvier 2025 · until 07 janvier 2031

Ended

Christophe DELENTA

Director · since 29 juin 2023 · until 29 juin 2029

Ended

Anatoliy IVANOV

Director · since 31 décembre 2022 · until 31 décembre 2028

Ended

Andrea MAJOCCHI

Director · since 01 février 2022 · until 29 juin 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/03/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other25/11/2024
DIVERSEN
PDF
Mandates31/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/03/2023
KAPITAAL - AANDELEN
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

11/02/2026
nominationAnkit Agarwal — bestuurder
2025
Annual accounts 20253,2 M €↑
03/02/2025
nominationDries Pattyn — bijzondere volmacht
03/02/2025
nominationAnatoliy lvanov — bijzondere volmacht
03/02/2025
nominationMaria Jose Gomez Silva — bijzondere volmacht
08/01/2025
nominationRodrigo Osorio Aguilar — bestuurder
2024
Annual accounts 2024753 k €↓
2023
Annual accounts 20231,2 M €↓
29/06/2023
nominationDries Pattyn — bestuurder
29/06/2023
nominationChristophe Delenta — bestuurder
01/03/2023
cession
31/12/2022
nominationAnatoliy Ivanov — bestuurder
2022
Annual accounts 20221,5 M €↑
18/07/2022
nominationMaria Jose Gomez — bijzondere volmacht inzake overheidsopdrachten
07/06/2022
nominationKPMG Bedrijfsrevisoren BV — commissaris
01/02/2022
nominationFederico Mambretti — bestuurder
01/02/2022
nominationAndrea Majocchi — bestuurder
2021
Annual accounts 2021876,8 k €↓
05/05/2021
revocationJohan Deberlanger — bevoegdheden inzake overheidsopdrachten
2020
Annual accounts 2020997,1 k €↓
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 2018662,4 k €↓
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 2014933,4 k €↓
2013
Annual accounts 20131,1 M €↓
2012
Annual accounts 20122,8 M €↑
2011
Annual accounts 20112,6 M €↑
2010
Annual accounts 2010-959,2 k €↓
2009
Annual accounts 20091,4 M €↑
2008
Annual accounts 2008-665,1 k €
14/03/1996
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

sandoz

Overview

What does sandoz do?

Trend over 16 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