ACTIVE

ORTHOPHAR

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Financial year 2025 · closed on 30/09/2025

Net result

7,3 k €

-90.8% YoY

Gross margin

9,7 k €

-75.9% YoY

Equity

639,9 k €

-3.8% YoY

What does ORTHOPHAR do?

ORTHOPHAR is a Public limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Sint-Truiden.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.637.421

Incorporation

13/09/2001

Legal form

Public limited company

Registered office

Aalsterweg 58
3800 Sint-Truiden · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	9,7 k €	-75.9%	40,4 k €	-3.4%	41,8 k €	+43.8%	29,1 k €	-38.7%	47,4 k €	+8.5%	43,7 k €	+3.1%	42,4 k €	-7.0%	45,5 k €	+1.0%	45,1 k €	+23.1%	36,6 k €	-30.1%	52,4 k €	+2.7%	51 k €	-23.6%	66,8 k €	-44.8%	121 k €	-0.7%	121,9 k €	-4.5%	127,7 k €	-14.8%	149,7 k €	-4.5%	156,8 k €	+13.0%	138,8 k €
EBITDA	4,8 k €	-87.6%	38,8 k €	-3.8%	40,3 k €	+41.4%	28,5 k €	-38.0%	46 k €	+8.6%	42,3 k €	+3.2%	41 k €	-6.4%	43,8 k €	+1.1%	43,3 k €	+22.9%	35,2 k €	-29.9%	50,3 k €	+12.3%	44,8 k €	-29.0%	63,1 k €	+8.2%	58,3 k €	-3.8%	60,6 k €	-23.8%	79,4 k €	-9.1%	87,3 k €	-14.7%	102,3 k €	-1.5%	103,9 k €
Operating result	3,6 k €	-90.3%	37,5 k €	-5.4%	39,7 k €	+42.4%	27,8 k €	-33.5%	41,9 k €	+15.1%	36,4 k €	+4.0%	35 k €	-7.1%	37,6 k €	+1.5%	37,1 k €	+24.7%	29,7 k €	-33.6%	44,8 k €	+17.5%	38,1 k €	-32.4%	56,3 k €	+17.3%	48 k €	-2.6%	49,3 k €	-28.9%	69,3 k €	-9.8%	76,8 k €	-15.6%	91,1 k €	-4.0%	94,9 k €
Net result	7,3 k €	-90.8%	79,1 k €	+186%	27,6 k €	-87.0%	212 k €	+169%	78,7 k €	+214%	25,1 k €	+20.8%	20,8 k €	-7.2%	22,4 k €	-3.4%	23,2 k €	+82.2%	12,7 k €	-48.0%	24,5 k €	+27.3%	19,2 k €	-39.5%	31,8 k €	+13.1%	28,1 k €	-2.1%	28,7 k €	-26.5%	39,1 k €	+22.8%	31,8 k €	-23.0%	41,3 k €	-24.8%	55 k €
Balance sheet
Equity	639,9 k €	-3.8%	665,2 k €	+13.5%	586,1 k €	+5.0%	558,5 k €	+61.2%	346,5 k €	+29.4%	267,8 k €	-62.2%	708,9 k €	+3.0%	688,1 k €	+3.4%	665,6 k €	+3.6%	642,4 k €	+2.0%	629,7 k €	+4.1%	605,2 k €	-5.1%	637,7 k €	+5.3%	605,9 k €	+4.9%	577,7 k €	+5.2%	549 k €	+7.7%	509,9 k €	+6.7%	478,1 k €	+9.5%	436,8 k €
Total assets	887,6 k €	-1.1%	897,5 k €	+0.6%	892,1 k €	+0.3%	889,5 k €	+2.7%	866,3 k €	-9.0%	951,5 k €	+2.0%	933,3 k €	+1.1%	923,4 k €	+0.4%	919,3 k €	-1.9%	936,8 k €	-2.2%	958 k €	-1.5%	973 k €	-3.5%	1 M €	-1.0%	1 M €	-1.5%	1 M €	-5.1%	1,1 M €	-0.9%	1,1 M €	-1.9%	1,1 M €	+1.2%	1,1 M €
Cash	45,3 k €	+54.0%	29,4 k €	+187%	10,2 k €	-66.9%	31 k €	+29.7%	23,9 k €	-27.2%	32,8 k €	+67.3%	19,6 k €	+3.0%	19 k €	+233%	5,7 k €	+459%	1 k €	-91.4%	11,9 k €	+2782%	413,3 €	-90.3%	4,3 k €	-17.7%	5,2 k €	+51.7%	3,4 k €	+180%	1,2 k €	-73.6%	4,6 k €	+26.5%	3,7 k €	+84.8%	2 k €
Debts	247,6 k €	+7.2%	231,1 k €	-24.5%	306 k €	-7.4%	330,4 k €	-36.4%	519,2 k €	-24.0%	683,2 k €	+205%	223,9 k €	-4.5%	234,4 k €	-7.2%	252,7 k €	-14.0%	293,8 k €	-10.5%	328,2 k €	-10.7%	367,4 k €	-0.8%	370,4 k €	-10.1%	411,9 k €	-9.5%	455,3 k €	-15.7%	540 k €	-8.3%	588,8 k €	-7.9%	639,1 k €	-4.3%	668 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-85.7%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	+40.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 14 ended

Active mandates

Marie-anne Pittomvils

Managing director · since 15 mars 2025 · until 15 mars 2031

Active

Stefan Meekers

Managing director · since 15 mars 2025 · until 15 mars 2031

Active

Ended mandates

MAIRE-ANNE PITTOMVILS

Director · since 16 mars 2019 · until 15 mars 2025

Ended

Marie-anne Pittomvils

Managing director · since 16 mars 2019 · until 16 mars 2025

Ended

MARIE-ANNE PITTOMVILS

Director · since 16 mars 2019 · until 15 mars 2025

Ended

Stefan Meekers

Managing director · since 16 mars 2019 · until 16 mars 2025

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged 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	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/03/2026	29/04/2025	04/04/2024	01/05/2023	22/05/2022	04/05/2021
General meeting	21/03/2026	16/03/2025	16/03/2024	18/03/2023	19/03/2022	20/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	21/03/2026	31/03/2026	Dutch	PDF
Micro model	30/09/2024	16/03/2025	29/04/2025	Dutch	PDF
Micro model	30/09/2023	16/03/2024	04/04/2024	Dutch	PDF
Micro model	30/09/2022	18/03/2023	01/05/2023	Dutch	PDF
Micro model	30/09/2021	19/03/2022	22/05/2022	Dutch	PDF
Abridged model	30/09/2020	20/03/2021	04/05/2021	Dutch	PDF
Abridged model	30/09/2019	21/03/2020	08/05/2020	Dutch	PDF
Abridged model	30/09/2018	16/03/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	17/03/2018	20/04/2018	Dutch	PDF
Abridged model	30/09/2016	18/03/2017	24/05/2017	Dutch	PDF
Abridged model	30/09/2015	19/03/2016	07/04/2016	Dutch	PDF
Abridged model	30/09/2014	21/03/2015	16/04/2015	Dutch	PDF
Abridged model	30/09/2013	15/03/2014	17/04/2014	Dutch	PDF
Abridged model	30/09/2012	16/03/2013	04/04/2013	Dutch	PDF
Abridged model	30/09/2011	17/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	19/03/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	20/03/2010	25/03/2010	Dutch	PDF
Abridged model	30/09/2008	21/03/2009	27/03/2009	Dutch	PDF
Abridged model	30/09/2007	15/03/2008	29/04/2008	Dutch	PDF
Abridged model	30/09/2006	17/03/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 2 active · 14 ended

Active mandates

Marie-anne Pittomvils

Managing director · since 15 mars 2025 · until 15 mars 2031

Active

Stefan Meekers

Managing director · since 15 mars 2025 · until 15 mars 2031

Active

Ended mandates

MAIRE-ANNE PITTOMVILS

Director · since 16 mars 2019 · until 15 mars 2025

Ended

Marie-anne Pittomvils

Managing director · since 16 mars 2019 · until 16 mars 2025

Ended

MARIE-ANNE PITTOMVILS

Director · since 16 mars 2019 · until 15 mars 2025

Ended

Stefan Meekers

Managing director · since 16 mars 2019 · until 16 mars 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other01/10/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/10/2014
KAPITAAL - AANDELEN
PDF
Mandates23/04/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/07/2007
MAATSCHAPPELIJKE ZETEL
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 20257,3 k €↓
2024
Annual accounts 202479,1 k €↑
2023
Annual accounts 202327,6 k €↓
2022
Annual accounts 2022212 k €↑
2021
Annual accounts 202178,7 k €↑
2020
Annual accounts 202025,1 k €↑
2019
Annual accounts 201920,8 k €↓
2018
Annual accounts 201822,4 k €↓
2017
Annual accounts 201723,2 k €↑
2016
Annual accounts 201612,7 k €↓
2015
Annual accounts 201524,5 k €↑
2014
Annual accounts 201419,2 k €↓
2013
Annual accounts 201331,8 k €↑
2012
Annual accounts 201228,1 k €↓
2011
Annual accounts 201128,7 k €↓
2010
Annual accounts 201039,1 k €↑
2009
Annual accounts 200931,8 k €↓
2008
Annual accounts 200841,3 k €↓
2007
Annual accounts 200755 k €
13/09/2001
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

ORTHOPHAR

Overview

What does ORTHOPHAR do?

Trend over 19 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