ACTIVE

LOCRAD

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Financial year 2025 · closed on 31/12/2025

Net result

6 k €

-18.5% YoY

Gross margin

9,6 k €

-29.2% YoY

Equity

118,8 k €

-35.3% YoY

What does LOCRAD do?

LOCRAD is a Private limited company incorporated in 1998. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.466.880

Incorporation

29/10/1998

Legal form

Private limited company

Registered office

Place Emile-Dupont 7 box A021
4000 Liège · WallonieSee on map

Latest accounts

31/12/2025

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	9,6 k €	-29.2%	13,5 k €	+11.1%	12,1 k €	+0.4%	12,1 k €	+22.0%	9,9 k €	+34.7%	7,4 k €	-44.3%	13,2 k €	-75.4%	53,8 k €	-34.3%	81,8 k €	-21.9%	104,8 k €	+46.7%	71,4 k €	-13.5%	82,6 k €	-2.9%	85,1 k €	+6.9%	79,6 k €	-7.0%	85,5 k €	+35.7%	63,1 k €	-37.2%	100,5 k €	-6.9%	107,9 k €
EBITDA	7,5 k €	-34.9%	11,4 k €	+16.5%	9,8 k €	-1.0%	9,9 k €	+22.1%	8,1 k €	+55.2%	5,2 k €	-52.9%	11,1 k €	-76.7%	47,8 k €	-37.6%	76,5 k €	-6.2%	81,5 k €	+38.1%	59,1 k €	-18.4%	72,3 k €	-4.1%	75,4 k €	+8.0%	69,9 k €	-8.6%	76,5 k €	+41.7%	54 k €	-41.5%	92,3 k €	-7.7%	100 k €
Operating result	7,5 k €	-34.8%	11,4 k €	+17.2%	9,8 k €	+0.9%	9,7 k €	+144%	4 k €	+304%	-1,9 k €	-152%	3,8 k €	-89.1%	34,4 k €	+59.0%	21,7 k €	-5.6%	22,9 k €	-30.2%	32,9 k €	+97.5%	16,6 k €	-10.7%	18,6 k €	-0.9%	18,8 k €	-15.6%	22,3 k €	-25.0%	29,7 k €	-47.1%	56,1 k €	-22.4%	72,3 k €
Net result	6 k €	-18.5%	7,4 k €	+230%	2,2 k €	-68.9%	7,2 k €	+118%	3,3 k €	+230%	-2,5 k €	+35.6%	-3,9 k €	-116%	24 k €	+92.0%	12,5 k €	-11.7%	14,2 k €	-36.6%	22,3 k €	+99.2%	11,2 k €	-1.3%	11,3 k €	-33.0%	16,9 k €	-5.9%	18 k €	-24.5%	23,8 k €	-40.9%	40,3 k €	-18.6%	49,6 k €
Balance sheet
Equity	118,8 k €	-35.3%	183,7 k €	+4.2%	176,3 k €	+1.3%	174 k €	+4.3%	166,8 k €	+2.0%	163,5 k €	-1.5%	166 k €	-2.3%	170 k €	+16.4%	146 k €	+9.4%	133,5 k €	+11.9%	119,3 k €	+38.8%	86 k €	+15.0%	74,7 k €	+17.9%	63,4 k €	-78.6%	296,5 k €	+6.5%	278,5 k €	+9.4%	254,6 k €	+18.8%	214,3 k €
Total assets	120,9 k €	-36.3%	190 k €	+3.9%	182,8 k €	+2.4%	178,4 k €	+3.1%	173 k €	+2.3%	169,1 k €	-1.1%	171 k €	-51.8%	355 k €	+25.0%	284 k €	-16.4%	339,8 k €	+50.9%	225,1 k €	+10.7%	203,4 k €	-41.8%	349,4 k €	+9.1%	320,3 k €	-32.7%	476,1 k €	+63.0%	292 k €	+12.3%	260 k €	+12.7%	230,7 k €
Cash	103,8 k €	-39.3%	171,1 k €	+3.3%	165,5 k €	+3.6%	159,8 k €	+1.4%	157,6 k €	+7.6%	146,5 k €	+19.6%	122,4 k €	-59.1%	299,4 k €	+395%	60,5 k €	-0.6%	60,9 k €	+486%	10,4 k €	-69.2%	33,7 k €	-72.7%	123,7 k €	+46.3%	84,6 k €	-45.4%	154,9 k €	+105%	75,7 k €	+3148%	2,3 k €	-92.9%	32,8 k €
Debts	2,2 k €	-65.2%	6,3 k €	-3.7%	6,5 k €	+48.1%	4,4 k €	-13.9%	5,1 k €	+14.0%	4,5 k €	-9.2%	5 k €	-97.3%	185 k €	+34.0%	138 k €	-33.1%	206,3 k €	+95.0%	105,8 k €	-9.9%	117,4 k €	-57.3%	274,7 k €	+6.9%	256,9 k €	+43.0%	179,6 k €	+1226%	13,5 k €	+151%	5,4 k €	-67.2%	16,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,0 ETP	-100%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	-90.0%	3,0 ETP	+900%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	-25.0%	0,4 ETP	+33.3%	0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

PHILIPPE RENOY

Mandate

Active

Ended mandates

Philippe RENOY

Manager · since 04 mai 2013

Ended

Nadine VERTHE

Manager · since 01 octobre 1998 · until 04 mai 2013

Ended

Nadine VERTHE

Manager · since 01 octobre 1998

Ended

At this address

Other companies at this address

Company	CBE no.
Art & Public● Active	0453.006.232
Es-Tango Belgium● Active	0742.626.060

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	15 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/06/2026	19/11/2024	12/12/2023	30/11/2022	08/01/2022	04/11/2020
General meeting	27/05/2026	29/10/2024	14/11/2023	31/10/2022	29/10/2021	29/10/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/05/2026	21/06/2026	French	PDF
Micro model	30/09/2024	29/10/2024	19/11/2024	French	PDF
Micro model	30/09/2023	14/11/2023	12/12/2023	French	PDF
Micro model	30/09/2022	31/10/2022	30/11/2022	French	PDF
Micro model	30/09/2021	29/10/2021	08/01/2022	French	PDF
Micro model	30/09/2020	29/10/2020	04/11/2020	French	PDF
Micro model	30/09/2019	29/10/2019	06/11/2019	French	PDF
Micro model	30/09/2018	29/10/2018	05/11/2018	French	PDF
Abridged model	30/09/2017	28/10/2017	23/11/2017	French	PDF
Abridged model	30/09/2016	29/10/2016	19/11/2016	French	PDF
Abridged model	30/09/2015	29/10/2015	28/11/2015	French	PDF
Abridged model	30/09/2013	29/10/2013	23/12/2013	French	PDF
Abridged model	30/09/2012	31/10/2012	20/08/2013	French	PDF
Abridged model	30/09/2011	31/10/2011	13/12/2011	French	PDF
Abridged model	30/09/2010	30/10/2010	03/01/2011	French	PDF
Abridged model	30/09/2009	31/10/2009	10/12/2009	French	PDF
Abridged model	30/09/2008	31/10/2008	01/12/2008	French	PDF
Abridged model	30/09/2007	31/10/2007	21/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

PHILIPPE RENOY

Mandate

Active

Ended mandates

Philippe RENOY

Manager · since 04 mai 2013

Ended

Nadine VERTHE

Manager · since 01 octobre 1998 · until 04 mai 2013

Ended

Nadine VERTHE

Manager · since 01 octobre 1998

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/10/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates27/06/2013
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office17/08/2005
SIEGE SOCIAL
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 20256 k €↓
2024
Annual accounts 20247,4 k €↑
2023
Annual accounts 20232,2 k €↓
2022
Annual accounts 20227,2 k €↑
2021
Annual accounts 20213,3 k €↑
2020
Annual accounts 2020-2,5 k €↑
2019
Annual accounts 2019-3,9 k €↓
2018
Annual accounts 201824 k €↑
2017
Annual accounts 201712,5 k €↓
2016
Annual accounts 201614,2 k €↓
2015
Annual accounts 201522,3 k €↑
2013
Annual accounts 201311,2 k €↓
2012
Annual accounts 201211,3 k €↓
2011
Annual accounts 201116,9 k €↓
2010
Annual accounts 201018 k €↓
2009
Annual accounts 200923,8 k €↓
2008
Annual accounts 200840,3 k €↓
2007
Annual accounts 200749,6 k €
29/10/1998
IncorporationPrivate 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

LOCRAD

Overview

What does LOCRAD do?

Trend over 18 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