ACTIVE

INSTITUUT VOOR PERMANENTE STUDIE VOOR APOTHEKERS

Financial year 2025 · Closed on 31/12/2025

Net result117,1 k €-23,5 %over 1 year
Gross margin715,4 k €+11,9 %over 1 year
Equity2,3 M €+5,4 %over 1 year
Workforce5,5 ETP+5,8 %over 1 year

Identity

Source · BCE/KBO

INSTITUUT VOOR PERMANENTE STUDIE VOOR APOTHEKERS is a Non-profit organization incorporated in 2002. Its main activity is: Security and investigation activities. 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
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

Financials

Source · NBB, 10 filings

Trend over 10 financial years

20252024202320222021
Income statement
Gross margin715,4 k €639,3 k €554,3 k €456,6 k €477,8 k €
EBITDA164,9 k €167,1 k €94,8 k €6,4 k €134,2 k €
Operating result87,5 k €128,7 k €55,1 k €-28,8 k €116,8 k €
Net result117,1 k €153,1 k €55,1 k €-28,8 k €116,7 k €
Balance sheet
Equity2,3 M €2,2 M €2 M €2 M €2 M €
Total assets2,5 M €2,3 M €2,2 M €2,1 M €2,1 M €
Cash1,1 M €1,1 M €909 k €1,9 M €2 M €
Debts133,5 k €150,4 k €117,9 k €92,7 k €86 k €
Other
Workforce5,5 ETP5,2 ETP4,9 ETP4,5 ETP4,2 ETP

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

9 active · 12 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Hans De Loof
Director
000
Jan Berghmans
Director
000
Kathleen Melotte
Director
0
Kris Marrannes
Director
00
Lotte Veraart
Director
000
Marc Lambrecht
Director
Stijn Lazeure
Director
000
Tom Soetens
Director
000
Veerle Foulon
Director

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Anne Vanschoenwinkel
Director
000
Annelies Bellens
Director
000
Dimitri Segaert
Director
00
Ellen Lambrechts
Director
0

Other companies at this address

Rue des Deux Eglises 29 1000 Bruxelles
CompanyCBE no.
0409.573.095
0436.590.763
KLAVER VIER● Active
0440.954.674
0642.700.917

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/03/202631/03/202505/04/202405/05/202330/05/202213/04/2021
General meeting10/03/202626/03/202520/03/202422/03/202323/03/202207/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 10 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202510/03/202620/03/2026DutchPDF
Abridged model31/12/202426/03/202531/03/2025DutchPDF
Abridged model31/12/202320/03/202405/04/2024DutchPDF
Abridged model31/12/202222/03/202305/05/2023DutchPDF
Abridged model31/12/202123/03/202230/05/2022DutchPDF
Abridged model31/12/202007/04/202113/04/2021DutchPDF
Abridged model31/12/201916/06/202009/07/2020DutchPDF
Abridged model31/12/201820/03/201926/03/2019DutchPDF
Abridged model31/12/201721/03/201827/03/2018DutchPDF
Abridged model31/12/201615/03/201721/03/2017DutchPDF

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

9 active · 12 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Hans De Loof
Director
000
Jan Berghmans
Director
000
Kathleen Melotte
Director
0
Kris Marrannes
Director
00
Lotte Veraart
Director
000
Marc Lambrecht
Director
Stijn Lazeure
Director
000
Tom Soetens
Director
000
Veerle Foulon
Director

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Anne Vanschoenwinkel
Director
000
Annelies Bellens
Director
000
Dimitri Segaert
Director
00
Ellen Lambrechts
Director
0

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/08/2024
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates18/07/2022
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates03/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/10/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/06/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2017
    ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025117,1 k €↓
  2. 2024
    Annual accounts 2024153,1 k €↑
  3. 2023
    Annual accounts 202355,1 k €↑
  4. 2022
    Annual accounts 2022-28,8 k €↓
  5. 2021
    Annual accounts 2021116,7 k €↓
  6. 2020
    Annual accounts 2020264,7 k €↑
  7. 2019
    Annual accounts 201922,3 k €↑
  8. 2018
    Annual accounts 2018-6 k €↓
  9. 2017
    Annual accounts 201745 k €↓
  10. 2016
    Annual accounts 2016205,8 k €
  11. 07/01/2002
    IncorporationNon-profit organization