ACTIVE

ECUPHAR

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,6 M €

-95.5% YoY

Revenue

22,9 M €

-1.5% YoY

Equity

83,3 M €

-12.0% YoY

Workforce

21,4 ETP

+1.4% YoY

What does ECUPHAR do?

ECUPHAR is a Public limited company incorporated in 2001. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Oostkamp. It employs on average 21,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.255.350

Incorporation

06/12/2001

Legal form

Public limited company

Registered office

Legeweg 157 box I
8020 Oostkamp · FlandreSee on map

Contributed capital

37 203 307,33 €

Latest accounts

31/12/2025

Average workforce

21,4 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 51460Air transport 70210Public relations and communication activities 73300Advertising and market research 74141Specialised design activities+3

Joint committees (4)

116
11600
207
20700

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	22,9 M €	-1.5%	23,2 M €	+9.0%	21,3 M €	+19.9%	17,8 M €	-4.4%	18,6 M €	+4.1%	17,9 M €	-4.2%	18,6 M €	+1.2%	18,4 M €	+14.1%	16,1 M €	+24.0%	13 M €	+5.1%	12,4 M €	+11.2%	11,1 M €	+7.4%	10,4 M €	+6.3%	9,8 M €	+6.2%	9,2 M €	+3.9%	8,8 M €
EBITDA	4,2 M €	-20.5%	5,3 M €	+23.0%	4,3 M €	+21.2%	3,5 M €	-27.0%	4,8 M €	+59.0%	3 M €	-18.8%	3,8 M €	-19.3%	4,7 M €	-10.4%	5,2 M €	+31.1%	4 M €	+5.2%	3,8 M €	+14.2%	3,3 M €	+14.5%	2,9 M €	-2.6%	3 M €	+28.0%	2,3 M €	-6.6%	2,5 M €
Operating result	2 M €	+19.0%	1,7 M €	+74.6%	973,2 k €	+304%	241 k €	-83.8%	1,5 M €	+203%	-1,4 M €	-79.2%	-808,1 k €	-2244%	-34,5 k €	-104%	949,1 k €	-16.3%	1,1 M €	+9.4%	1 M €	+56.6%	661,6 k €	+50.8%	438,6 k €	-31.6%	641,3 k €	-25.3%	859 k €	-16.4%	1 M €
Net result	1,6 M €	-95.5%	36,1 M €	+366%	7,7 M €	+369%	-2,9 M €	-940%	342,7 k €	-96.0%	8,7 M €	+739%	-1,4 M €	-153%	2,6 M €	+1410%	-195,5 k €	-151%	386,1 k €	+90.5%	202,7 k €	-16.9%	244 k €	-95.7%	5,6 M €	+2109%	254,4 k €	+11.2%	228,8 k €	-47.1%	432,6 k €
Balance sheet
Equity	83,3 M €	-12.0%	94,7 M €	+38.0%	68,6 M €	+5.8%	64,9 M €	-4.3%	67,7 M €	-27.6%	93,6 M €	+3.4%	90,5 M €	+222%	28,1 M €	-0.2%	28,1 M €	+112%	13,3 M €	+3.1%	12,9 M €	-5.8%	13,7 M €	-28.7%	19,2 M €	+43.9%	13,4 M €	+1.9%	13,1 M €	+1.8%	12,9 M €
Total assets	164,1 M €	-31.9%	241 M €	+48.9%	161,8 M €	+8.8%	148,7 M €	+8.2%	137,4 M €	-1.7%	139,9 M €	+4.9%	133,3 M €	+110%	63,6 M €	-9.5%	70,3 M €	+140%	29,3 M €	-2.9%	30,2 M €	-3.9%	31,5 M €	+2.5%	30,7 M €	+61.1%	19 M €	-4.9%	20 M €	+17.4%	17 M €
Cash	1,7 M €	-86.5%	12,9 M €	+279%	3,4 M €	-39.3%	5,6 M €	+4.6%	5,4 M €	+565%	805,5 k €	-50.7%	1,6 M €	+876%	167,4 k €	+53.6%	109 k €	-68.2%	342,6 k €	-6.9%	367,9 k €	+4.1%	353,3 k €	+699%	44,2 k €	-82.1%	246,4 k €	-59.5%	608,5 k €	+59.8%	380,8 k €
Debts	80,8 M €	-44.8%	146,3 M €	+57.1%	93,1 M €	+11.3%	83,7 M €	+20.3%	69,5 M €	+51.0%	46 M €	+8.0%	42,6 M €	+21.6%	35,1 M €	-16.4%	42 M €	+162%	16 M €	-7.4%	17,3 M €	-2.4%	17,8 M €	+55.6%	11,4 M €	+103%	5,6 M €	-18.3%	6,9 M €	+66.6%	4,1 M €
Other
Workforce	21,4 ETP	+1.4%	21,1 ETP	+6.6%	19,8 ETP	-7.9%	21,5 ETP	-2.7%	22,1 ETP	+14.5%	19,3 ETP	-2.5%	19,8 ETP	-2.5%	20,3 ETP	+23.0%	16,5 ETP	+8.6%	15,2 ETP	-1.9%	15,5 ETP	+2.0%	15,2 ETP	0.0%	15,2 ETP	+10.9%	13,7 ETP	+16.1%	11,8 ETP	+3.5%	11,4 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 · 2 active · 37 ended

Active mandates

Jenny Winter

Director · since 23 avril 2024 · until 08 juin 2029

Active

Christopher Brewster

Director · since 30 juin 2023 · until 08 juin 2029

Active

Ended mandates

Christopher Brewster

Director · since 30 juin 2023 · until 15 juin 2029

Ended

Jenny Winter

Director · since 30 juin 2023 · until 15 juin 2029

Ended

Sara Maddens

Director · since 14 juin 2019 · until 13 juin 2025

Ended

Jenny Winter

Director · since 01 novembre 2018 · until 04 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
CYBERPLAN● Active	0736.573.161
DIRAME ORTHO● Active	0447.794.164
DRGT Online● Active	0848.401.590
EHC Invest● Active	0508.760.050
Infohos● Active	0862.946.444
Jimber● Active	0684.939.269
LAUNCHPAD EUROPE● Active	0713.975.032
MEDINI● Active	0871.818.182
Orthovires● Bankrupt	0887.465.866
SEGH2● Active	1040.188.012
Vetdis Holding● Active	0700.284.075

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	31/07/2026	25/07/2025	05/07/2024	12/12/2023	17/10/2022	19/04/2022
General meeting	31/07/2026	24/07/2025	02/07/2024	11/12/2023	30/09/2022	15/03/2022
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

32 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/07/2026	31/07/2026	Dutch	PDF
Full model	31/12/2024	24/07/2025	25/07/2025	Dutch	PDF
Full model	31/12/2023	02/07/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	11/12/2023	12/12/2023	Dutch	PDF
Full model	31/12/2021	30/09/2022	17/10/2022	Dutch	PDF
Full model	31/12/2020	15/03/2022	19/04/2022	Dutch	PDF
Full model	31/12/2019	22/06/2020	26/06/2020	Dutch	PDF
Full model	31/12/2018	20/09/2019	24/09/2019	Dutch	PDF
Full model	31/12/2017	08/06/2018	08/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	27/06/2018	14/12/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	05/07/2017	Dutch	PDF
Consolidated accounts	31/12/2016	09/06/2017	05/07/2017	Dutch	PDF
Full model	31/12/2015	10/06/2016	13/07/2016	Dutch	PDF
Consolidated accounts	31/12/2015	10/06/2016	30/08/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	29/09/2015	Dutch	PDF
Consolidated accounts	31/12/2014	12/06/2015	02/10/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	07/07/2014	Dutch	PDF
Consolidated accounts	31/12/2013	13/06/2014	07/07/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	12/07/2013	Dutch	PDF
Consolidated accounts	31/12/2012	14/06/2013	12/07/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	18/07/2012	Dutch	PDF
Consolidated accounts	31/12/2011	08/06/2012	18/07/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	29/07/2011	Dutch	PDF
Consolidated accounts	31/12/2010	10/06/2011	08/08/2011	Dutch	PDF

View all 32 filings

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 · 2 active · 37 ended

Active mandates

Jenny Winter

Director · since 23 avril 2024 · until 08 juin 2029

Active

Christopher Brewster

Director · since 30 juin 2023 · until 08 juin 2029

Active

Ended mandates

Christopher Brewster

Director · since 30 juin 2023 · until 15 juin 2029

Ended

Jenny Winter

Director · since 30 juin 2023 · until 15 juin 2029

Ended

Sara Maddens

Director · since 14 juin 2019 · until 13 juin 2025

Ended

Jenny Winter

Director · since 01 novembre 2018 · until 04 juin 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other22/01/2026
DOEL
PDF
Mandates02/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2019
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

2025
Annual accounts 20251,6 M €↓
2024
Annual accounts 202436,1 M €↑
04/09/2024
nominationBV Grant Thornton Bedrijfsrevisoren — commissaris
04/09/2024
nominationElie Janssens — vaste vertegenwoordiger
23/04/2024
reconductionJennifer Winter — bestuurder
2023
Annual accounts 20237,7 M €↑
30/06/2023
nominationChristopher Brewster — bestuurder
2022
Annual accounts 2022-2,9 M €↓
23/08/2022
nominationBas van Dijk — gevolmachtigde
15/03/2022
nominationPwC Bedrijfsrevisoren — commissaris
2021
Annual accounts 2021342,7 k €↓
2018
Annual accounts 20188,7 M €↑
2017
Annual accounts 2017-1,4 M €↓
2016
Annual accounts 20162,6 M €↑
2015
Annual accounts 2015-195,5 k €↓
2014
Annual accounts 2014386,1 k €↑
2013
Annual accounts 2013202,7 k €↓
2012
Annual accounts 2012244 k €↓
2011
Annual accounts 20115,6 M €↑
2010
Annual accounts 2010254,4 k €↑
2009
Annual accounts 2009228,8 k €↓
2008
Annual accounts 2008432,6 k €
06/12/2001
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

ECUPHAR

Overview

What does ECUPHAR 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