ACTIVE

ARTHREX

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Financial year 2025 · closed on 30/06/2025
Net result
1,6 M €
+15.3% YoY
Revenue
29,6 M €
+11.7% YoY
Equity
6,5 M €
+32.4% YoY
Workforce
55,6 ETP
+9.2% YoY

What does ARTHREX do?

ARTHREX is a Private limited company incorporated in 1997. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Kontich. It employs on average 55,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0460.574.410
Incorporation
07/05/1997
Legal form
Private limited company
Registered office
Satenrozen 1A
2550 Kontich · FlandreSee on map
Contributed capital
327 730,37 €
Latest accounts
30/06/2025
Average workforce
55,6 ETP
Activities (NACE)
46460Wholesale of pharmaceutical goods· main46460Wholesale of pharmaceutical goods46900Non-specialised wholesale trade46900Non-specialised wholesale trade51460Air transport51900Air transport
Joint committees (6)
  • 100
  • 10000
  • 200
  • 20000
  • 200000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220172016201520142013201220112010200920082007
Income statement
Revenue29,6 M €26,5 M €22,6 M €19,5 M €12,4 M €10,7 M €9,2 M €––––––––
EBITDA4,6 M €4 M €3,1 M €2,4 M €655,2 k €488,6 k €193,7 k €127 k €160,7 k €300,9 k €517,9 k €365,6 k €251,3 k €307,9 k €169,1 k €
Operating result2,5 M €2,1 M €1,6 M €1,3 M €83 k €-269,1 k €-606,7 k €-539,3 k €-193,7 k €68,7 k €341,2 k €165,2 k €87 k €176,6 k €64 k €
Net result1,6 M €1,4 M €1 M €816,1 k €21,3 k €-328 k €-662,8 k €-597 k €-242,5 k €14,6 k €205,5 k €97,9 k €48,4 k €150,3 k €61,3 k €
Balance sheet
Equity6,5 M €4,9 M €3,6 M €2,5 M €-611,3 k €-632,6 k €-304,6 k €358,2 k €955,1 k €1,2 M €1,2 M €977,6 k €879,6 k €831,2 k €680,9 k €
Total assets15,5 M €14,1 M €12,6 M €11,2 M €7,5 M €5,8 M €5,1 M €4,8 M €3,8 M €2,2 M €1,8 M €1,6 M €1,3 M €1,4 M €1 M €
Cash667,3 k €762,1 k €546,3 k €710 k €476,5 k €356,4 k €373,9 k €355,7 k €307,5 k €310,1 k €219,3 k €173 k €72,7 k €128 k €105,7 k €
Debts8,9 M €9,1 M €9 M €8,7 M €8,1 M €6,5 M €5,4 M €4,4 M €2,8 M €1,1 M €643,6 k €646,8 k €449,7 k €522,9 k €323,7 k €
Other
Workforce55,6 ETP50,9 ETP46,7 ETP42,4 ETP28,0 ETP27,2 ETP24,9 ETP20,3 ETP14,8 ETP9,8 ETP8,5 ETP8,0 ETP7,1 ETP5,8 ETP5,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 3 ended

Active mandates

Erlandsen Torgeir

Director · since 01 janvier 2023

Active
Luc Peeters

Director · since 16 juin 2020

Active

Ended mandates

Stefan Krupp

Director · since 28 septembre 1998 · until 01 janvier 2023

Ended
Stefan Krupp

Director · since 28 septembre 1998

Ended
Stefan Krupp

Manager

Ended
At this address

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0676.410.395
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0449.253.124
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/10/202508/10/202411/10/202324/10/202210/11/202108/12/2020
General meeting03/10/202504/10/202406/10/202307/10/202201/10/202120/11/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/06/202503/10/202528/10/2025DutchPDF
Full model30/06/202404/10/202408/10/2024DutchPDF
Full model30/06/202306/10/202311/10/2023DutchPDF
Full model30/06/202207/10/202224/10/2022DutchPDF
Full model30/06/202101/10/202110/11/2021DutchPDF
Full model30/06/202020/11/202008/12/2020DutchPDF
Full model30/06/201904/10/201922/10/2019DutchPDF
Full model30/06/201805/10/201815/10/2018DutchPDF
Full model30/06/201706/10/201723/10/2017DutchPDF
Full model30/06/201630/12/201630/01/2017DutchPDF
Full model30/06/201502/10/201530/10/2015DutchPDF
Abridged model30/06/201403/10/201427/10/2014DutchPDF
Abridged model30/06/201304/10/201317/10/2013DutchPDF
Abridged model30/06/201226/11/201214/12/2012DutchPDF
Abridged model30/06/201107/10/201102/11/2011DutchPDF
Abridged model30/06/201002/11/201009/11/2010DutchPDF
Abridged model30/06/200902/10/200921/10/2009DutchPDF
Abridged model30/06/200801/12/200830/12/2008DutchPDF
Abridged model30/06/200705/10/200730/10/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 active · 3 ended

Active mandates

Erlandsen Torgeir

Director · since 01 janvier 2023

Active
Luc Peeters

Director · since 16 juin 2020

Active

Ended mandates

Stefan Krupp

Director · since 28 septembre 1998 · until 01 janvier 2023

Ended
Stefan Krupp

Director · since 28 septembre 1998

Ended
Stefan Krupp

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/02/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/01/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - 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

Timeline

  1. 2025
    Annual accounts 20251,6 M €↑
  2. 2024
    Annual accounts 20241,4 M €↑
  3. 2023
    Annual accounts 20231 M €↑
  4. 2022
    Annual accounts 2022816,1 k €↑
  5. 2017
    Annual accounts 201721,3 k €↑
  6. 2016
    Annual accounts 2016-328 k €↑
  7. 2015
    Annual accounts 2015-662,8 k €↓
  8. 2014
    Annual accounts 2014-597 k €↓
  9. 2013
    Annual accounts 2013-242,5 k €↓
  10. 2012
    Annual accounts 201214,6 k €↓
  11. 2011
    Annual accounts 2011205,5 k €↑
  12. 2010
    Annual accounts 201097,9 k €↑
  13. 2009
    Annual accounts 200948,4 k €↓
  14. 2008
    Annual accounts 2008150,3 k €↑
  15. 2007
    Annual accounts 200761,3 k €
  16. 07/05/1997
    IncorporationPrivate limited company