INSTITUUT VOOR PERMANENTE STUDIE VOOR APOTHEKERS
0477.556.338 · rovalta.com · 22/09/2026
ACTIVE
INSTITUUT VOOR PERMANENTE STUDIE VOOR APOTHEKERS
Financial year 2025 · closed on 31/12/2025
Net result
117,1 k €
-23.5% YoY
Gross margin
715,4 k €
+11.9% YoY
Equity
2,3 M €
+5.4% YoY
Workforce
5,5 ETP
+5.8% YoY
Overview
What does INSTITUUT VOOR PERMANENTE STUDIE VOOR APOTHEKERS do?
INSTITUUT VOOR PERMANENTE STUDIE VOOR APOTHEKERS is a Non-profit organization incorporated in 2002. Its registered office is in Bruxelles. It employs on average 5,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.556.338
Incorporation
07/01/2002
Legal form
Non-profit organization
Registered office
Rue des Deux Eglises 29
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
5,5 ETP
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 10 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||
| Gross margin | 715,4 k € | +11.9% | 639,3 k € | +15.3% | 554,3 k € | +21.4% | 456,6 k € | -4.4% | 477,8 k € | -24.9% | 636,4 k € | +63.1% | 390,1 k € | +14.7% | 340 k € | +5.2% | 323,2 k € | -31.6% | 472,6 k € |
| EBITDA | 164,9 k € | -1.3% | 167,1 k € | +76.2% | 94,8 k € | +1388% | 6,4 k € | -95.3% | 134,2 k € | -51.7% | 277,6 k € | +518% | 44,9 k € | +86.8% | 24,1 k € | -63.6% | 66,1 k € | -70.0% | 220,6 k € |
| Operating result | 87,5 k € | -32.0% | 128,7 k € | +134% | 55,1 k € | +291% | -28,8 k € | -125% | 116,8 k € | -56.1% | 266,2 k € | +1202% | 20,4 k € | +933% | -2,5 k € | -106% | 40,2 k € | -79.7% | 198 k € |
| Net result | 117,1 k € | -23.5% | 153,1 k € | +178% | 55,1 k € | +291% | -28,8 k € | -125% | 116,7 k € | -55.9% | 264,7 k € | +1086% | 22,3 k € | +475% | -6 k € | -113% | 45 k € | -78.1% | 205,8 k € |
| Balance sheet | |||||||||||||||||||
| Equity | 2,3 M € | +5.4% | 2,2 M € | +7.5% | 2 M € | +2.8% | 2 M € | -1.4% | 2 M € | +6.2% | 1,9 M € | +16.3% | 1,6 M € | +1.4% | 1,6 M € | -0.4% | 1,6 M € | +2.9% | 1,6 M € |
| Total assets | 2,5 M € | +5.7% | 2,3 M € | +8.6% | 2,2 M € | +3.9% | 2,1 M € | -1.1% | 2,1 M € | +7.3% | 2 M € | +10.4% | 1,8 M € | +6.2% | 1,7 M € | -2.9% | 1,7 M € | +4.5% | 1,6 M € |
| Cash | 1,1 M € | +3.4% | 1,1 M € | +18.1% | 909 k € | -52.7% | 1,9 M € | -3.6% | 2 M € | +5.0% | 1,9 M € | +10.6% | 1,7 M € | +7.3% | 1,6 M € | +1.7% | 1,6 M € | +2.8% | 1,5 M € |
| Debts | 133,5 k € | -11.3% | 150,4 k € | +27.6% | 117,9 k € | +27.2% | 92,7 k € | +7.8% | 86 k € | +41.2% | 60,9 k € | -56.9% | 141,4 k € | +131% | 61,2 k € | -41.4% | 104,5 k € | +38.5% | 75,5 k € |
| Other | |||||||||||||||||||
| Workforce | 5,5 ETP | +5.8% | 5,2 ETP | +6.1% | 4,9 ETP | +8.9% | 4,5 ETP | +7.1% | 4,2 ETP | +2.4% | 4,1 ETP | 0.0% | 4,1 ETP | 0.0% | 4,1 ETP | +41.4% | 2,9 ETP | 0.0% | 2,9 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 9 active · 12 ended
Active mandates
Hans De Loof
ActiveJan Berghmans
ActiveKathleen Melotte
ActiveKris Marrannes
ActiveLotte Veraart
ActiveMarc Lambrecht
ActiveStijn Lazeure
ActiveTom Soetens
ActiveVeerle Foulon
ActiveEnded mandates
Anne Vanschoenwinkel
EndedAnnelies Bellens
EndedDimitri Segaert
EndedEllen Lambrechts
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
Centre d'Etudes politiques● Active | 0409.573.095 |
| 0436.590.763 | |
KLAVER VIER● Active | 0440.954.674 |
| 0642.700.917 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 20/03/2026 | 31/03/2025 | 05/04/2024 | 05/05/2023 | 30/05/2022 | 13/04/2021 |
| General meeting | 10/03/2026 | 26/03/2025 | 20/03/2024 | 22/03/2023 | 23/03/2022 | 07/04/2021 |
| 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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Try for 7 daysFilings
Annual accounts filings
10 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 10/03/2026 | 20/03/2026 | Dutch | |
| Abridged model | 31/12/2024 | 26/03/2025 | 31/03/2025 | Dutch | |
| Abridged model | 31/12/2023 | 20/03/2024 | 05/04/2024 | Dutch | |
| Abridged model | 31/12/2022 | 22/03/2023 | 05/05/2023 | Dutch | |
| Abridged model | 31/12/2021 | 23/03/2022 | 30/05/2022 | Dutch | |
| Abridged model | 31/12/2020 | 07/04/2021 | 13/04/2021 | Dutch | |
| Abridged model | 31/12/2019 | 16/06/2020 | 09/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 20/03/2019 | 26/03/2019 | Dutch | |
| Abridged model | 31/12/2017 | 21/03/2018 | 27/03/2018 | Dutch | |
| Abridged model | 31/12/2016 | 15/03/2017 | 21/03/2017 | Dutch |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 9 active · 12 ended
Active mandates
Hans De Loof
ActiveJan Berghmans
ActiveKathleen Melotte
ActiveKris Marrannes
ActiveLotte Veraart
ActiveMarc Lambrecht
ActiveStijn Lazeure
ActiveTom Soetens
ActiveVeerle Foulon
ActiveEnded mandates
Anne Vanschoenwinkel
EndedAnnelies Bellens
EndedDimitri Segaert
EndedEllen Lambrechts
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates07/05/2026ONTSLAGEN - BENOEMINGEN
- Mandates26/06/2025ONTSLAGEN - BENOEMINGEN
- Mandates20/08/2024ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates18/07/2022ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates03/05/2021ONTSLAGEN - BENOEMINGEN
- Mandates22/10/2020ONTSLAGEN - BENOEMINGEN
- Mandates04/06/2019ONTSLAGEN - BENOEMINGEN
- Mandates30/06/2017ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025117,1 k €↓
- 2024Annual accounts 2024153,1 k €↑
- 2023Annual accounts 202355,1 k €↑
- 2022Annual accounts 2022-28,8 k €↓
- 2021Annual accounts 2021116,7 k €↓
- 2020Annual accounts 2020264,7 k €↑
- 2019Annual accounts 201922,3 k €↑
- 2018Annual accounts 2018-6 k €↓
- 2017Annual accounts 201745 k €↓
- 2016Annual accounts 2016205,8 k €
- 07/01/2002IncorporationNon-profit organization