ACTIVE

PHARMAPRO

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Financial year 2025 · Closed on 31/12/2025

Net result252,8 k €+82,6 %over 1 year

Gross margin-3,3 k €+5,4 %over 1 year

Equity3,5 M €-0,1 %over 1 year

Identity

Source · BCE/KBO

PHARMAPRO is a Public limited company incorporated in 1997. Its registered office is in Eupen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0461.179.570
Incorporation: 22/07/1997
Legal form: Public limited company
Registered office: Auenweg 11
4700 Eupen · WallonieSee on map
Contributed capital: 2 480 000,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-3,3 k €	+5.4%	-3,5 k €	-1.2%	-3,5 k €	+23.2%	-4,5 k €	-8.2%	-4,2 k €
EBITDA	-4,6 k €	+22.0%	-5,8 k €	-22.3%	-4,8 k €	+34.6%	-7,3 k €	-70.0%	-4,3 k €
Operating result	-4,6 k €	+22.0%	-5,8 k €	-22.3%	-4,8 k €	+34.6%	-7,3 k €	-70.0%	-4,3 k €
Net result	252,8 k €	+82.6%	138,5 k €	+46.1%	94,8 k €	+2.7%	92,3 k €	+21.3%	76,1 k €
Balance sheet
Equity	3,5 M €	-0.1%	3,5 M €	+4.1%	3,3 M €	+2.9%	3,2 M €	+2.9%	3,2 M €
Total assets	3,7 M €	+7.3%	3,5 M €	+4.1%	3,3 M €	+2.8%	3,3 M €	+2.9%	3,2 M €
Cash	1,2 M €	+27.6%	928 k €	+56.7%	592,4 k €	+18.5%	499,7 k €	+22.9%	406,6 k €
Debts	259,7 k €	+16563%	1,6 k €	-64.4%	4,4 k €	-32.7%	6,5 k €	+13.5%	5,7 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christiane NOEL	MandateDirector24/03/2004 → 2011 accountsendedAdministrator - manager2012 accountsended
Nikolaus REUL	MandateManaging director24/03/2004 → 2011 accountsended
Renard BENOIT	MandateDirector01/07/2010 → 2011 accountsendedAdministrator - manager2012 accountsended
Richard BOLLY	MandateDirector24/03/2004 → 2011 accountsendedAdministrator - manager2012 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc CREPEL	Director24/03/2004 → 2011 accountsMandate2024 accounts
Freddy KERSTEN	Director24/03/2004 → 2009 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Abridged model	Micro 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	10/07/2026	08/07/2025	10/07/2024	18/07/2023	20/07/2022	30/06/2021
General meeting	25/06/2026	19/06/2025	20/06/2024	22/06/2023	23/06/2022	29/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	10/07/2026	French	PDF
Abridged model	31/12/2024	19/06/2025	08/07/2025	French	PDF
Micro model	31/12/2023	20/06/2024	10/07/2024	French	PDF
Abridged model	31/12/2022	22/06/2023	18/07/2023	French	PDF
Micro model	31/12/2021	23/06/2022	20/07/2022	French	PDF
Abridged model	31/12/2020	29/06/2021	30/06/2021	French	PDF
Abridged model	31/12/2019	27/08/2020	03/09/2020	French	PDF
Abridged model	31/12/2018	04/06/2019	22/07/2019	French	PDF
Abridged model	31/12/2017	12/06/2018	17/07/2018	French	PDF
Abridged model	31/12/2016	08/06/2017	22/06/2017	French	PDF
Abridged model	31/12/2015	21/06/2016	05/07/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	24/07/2015	French	PDF
Abridged model	31/12/2013	12/06/2014	17/06/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	08/06/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	09/08/2011	French	PDF
Abridged model	31/12/2009	28/06/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	18/06/2009	29/06/2009	French	PDF
Abridged model	31/12/2007	16/06/2008	16/06/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	10/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christiane NOEL	MandateDirector24/03/2004 → 2011 accountsendedAdministrator - manager2012 accountsended
Nikolaus REUL	MandateManaging director24/03/2004 → 2011 accountsended
Renard BENOIT	MandateDirector01/07/2010 → 2011 accountsendedAdministrator - manager2012 accountsended
Richard BOLLY	MandateDirector24/03/2004 → 2011 accountsendedAdministrator - manager2012 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc CREPEL	Director24/03/2004 → 2011 accountsMandate2024 accounts
Freddy KERSTEN	Director24/03/2004 → 2009 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/01/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/10/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office27/08/2013
SIEGE SOCIAL
PDF
Mandates14/02/2011
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/03/2006
Assemblée générale : conversion du capital en euros, augmentation du
PDF
Mandates01/09/2004
DEMISSIONS, NOMINATIONS
PDF
Mandates03/03/2003
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Christiane Noel

Richard Bolly

Benoit Renard

Nikolaus Reul

Marc CREPEL

Freddy KERSTEN

199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

PHARMAPRO

Auenweg 11, 4700 EupenKlosterstrasse 20, 4700 Eupen

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Auenweg 11, 4700 EupenCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00279253
Klosterstrasse 20, 4700 Eupen	accounts 2021 → 2022	Accounts 2022 · 2023-00250548

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
PHARMAPROCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00279253

Events

2025
Annual accounts 2025252,8 k €↑
2024
Annual accounts 2024138,5 k €↑
2023
Annual accounts 202394,8 k €↑
2022
Annual accounts 202292,3 k €↑
2021
Annual accounts 202176,1 k €↓
2020
Annual accounts 2020117,3 k €↑
2019
Annual accounts 2019117,3 k €↑
2018
Annual accounts 201898,6 k €↓
2017
Annual accounts 2017100,7 k €↑
2016
Annual accounts 201676,7 k €↓
2015
Annual accounts 2015104,7 k €↑
2014
Annual accounts 2014-2,8 k €↑
2013
Annual accounts 2013-2,9 k €↓
2012
Annual accounts 2012-101 €↑
2011
Annual accounts 2011-2 k €↓
2010
Annual accounts 2010-2 k €↑
2009
Annual accounts 2009-2,3 k €↓
2008
Annual accounts 2008-2,2 k €↓
2007
Annual accounts 2007-2,2 k €↑
2006
Annual accounts 2006-2,3 k €
22/07/1997
IncorporationPublic limited company

PHARMAPRO

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events