ACTIVE

GRACOPA

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Financial year 2025 · closed on 31/12/2025

Net result

348,7 k €

-84.2% YoY

Gross margin

425,3 k €

-81.1% YoY

Equity

284,1 k €

+53.2% YoY

What does GRACOPA do?

GRACOPA is a Private limited company incorporated in 2003. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.314.810

Incorporation

20/01/2003

Legal form

Private limited company

Registered office

Rue Antoine Dansaert 108
1000 Bruxelles · BruxellesSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

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

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	425,3 k €	-81.1%	2,3 M €	+127%	993,8 k €	+2.3%	971,5 k €	-8.0%	1,1 M €	+5.9%	997,5 k €	+1040%	87,5 k €	+150%	35 k €	-76.5%	149 k €	-12.9%	171 k €	-61.8%	447,7 k €	+35527%	1,3 k €	-95.2%	26,4 k €	+1.9%	25,9 k €	-86.1%	186,2 k €	+268%	-110,7 k €	-173%	150,8 k €	+140%	62,7 k €	+590%	9,1 k €	+289%	-4,8 k €
EBITDA	424,1 k €	-81.2%	2,3 M €	+127%	992,8 k €	+2.3%	970,6 k €	-8.0%	1,1 M €	+6.0%	995,2 k €	+1056%	86,1 k €	+146%	35 k €	-76.5%	149 k €	-12.9%	171 k €	-61.8%	447,7 k €	+35527%	1,3 k €	-95.2%	26,4 k €	+1.9%	25,9 k €	-86.1%	186,2 k €	+268%	-110,7 k €	-175%	148,2 k €	+180%	52,9 k €	+482%	9,1 k €	+289%	-4,8 k €
Operating result	423,1 k €	-81.2%	2,2 M €	+127%	991,4 k €	+2.3%	969,3 k €	-8.0%	1,1 M €	+6.0%	994,8 k €	+1060%	85,7 k €	+145%	35 k €	-76.5%	149 k €	-12.9%	171 k €	-61.8%	447,7 k €	+35527%	1,3 k €	-95.2%	26,4 k €	+1.9%	25,9 k €	-86.1%	186,2 k €	+268%	-110,7 k €	-175%	148,2 k €	+180%	52,9 k €	+482%	9,1 k €	+289%	-4,8 k €
Net result	348,7 k €	-84.2%	2,2 M €	+129%	963,9 k €	+1.4%	950,3 k €	-8.3%	1 M €	+7.1%	967,5 k €	+2537%	36,7 k €	+83.3%	20 k €	-78.7%	94,2 k €	-15.0%	110,7 k €	-62.8%	297,5 k €	+1452%	-22 k €	+17.3%	-26,6 k €		–		116,4 k €	+190%	-129 k €	-210%	117,6 k €	+551%	18,1 k €	+11292237%	-0,2 €	+100.0%	-4,8 k €
Balance sheet
Equity	284,1 k €	+53.2%	185,4 k €	+15.0%	161,3 k €	+2.5%	157,4 k €	+7.0%	147,1 k €	+19.9%	122,7 k €	+171%	45,2 k €	-90.7%	484,5 k €	+4.3%	464,5 k €	+25.4%	370,3 k €	+42.7%	259,6 k €	+785%	-37,9 k €	-139%	-15,9 k €	-248%	10,7 k €	0.0%	10,7 k €	+110%	-105,6 k €	-552%	23,4 k €	0.0%	23,4 k €	+340%	5,3 k €	-0.0%	5,3 k €
Total assets	4 M €	-19.0%	4,9 M €	+27.4%	3,8 M €	+22.2%	3,1 M €	+0.4%	3,1 M €	+21.5%	2,6 M €	-11.9%	2,9 M €	+14.7%	2,5 M €	-16.9%	3,1 M €	+21.3%	2,5 M €	+2.2%	2,5 M €	-7.1%	2,7 M €	-25.8%	3,6 M €	+20.1%	3 M €	+5.2%	2,8 M €	+31.8%	2,1 M €	-16.8%	2,6 M €	+178%	930,4 k €	-62.5%	2,5 M €	+4730%	51,3 k €
Cash	850,7 k €	-7.5%	920,1 k €	+2.6%	897,1 k €	+78.1%	503,7 k €	-57.7%	1,2 M €	+614%	166,7 k €	+91.0%	87,3 k €	-40.9%	147,6 k €	-56.0%	335,2 k €	-32.1%	493,8 k €	+33.8%	369,1 k €	+68.6%	218,9 k €	-72.1%	783,6 k €	+74.6%	448,9 k €	-40.8%	757,8 k €	+288%	195,1 k €	-34.3%	297,2 k €	+87.0%	158,9 k €	-26.5%	216,1 k €	+365%	46,4 k €
Debts	3,7 M €	-21.9%	4,7 M €	+27.9%	3,7 M €	+23.2%	3 M €	+0.1%	3 M €	+21.6%	2,4 M €	-14.7%	2,9 M €	+41.7%	2 M €	-18.8%	2,5 M €	+16.0%	2,2 M €	+50.5%	1,4 M €	-10.9%	1,6 M €	-24.5%	2,1 M €	+29.6%	1,6 M €	-15.7%	1,9 M €	-8.6%	2,1 M €	-0.1%	2,1 M €	+239%	627,9 k €	-74.6%	2,5 M €	+5277%	46 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Art of Things

Director · 0467.223.858

Represented by Ludo Swennen

Active

DANSAERT

Director · 0458.664.894

Represented by Marc Vandevelde

Active

Ended mandates

MARC VANDEVELDE

Manager · since 01 mars 2009

Ended

Art of Things

Mandate · 0467.223.858

Represented by Ludo Swennen

Ended

DANSAERT

Mandate · 0458.664.894

Represented by Marc Vandevelde

Ended

JAN VAN DE GRAAF

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Art of Things● Active	0467.223.858

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	29/07/2026	22/07/2025	13/07/2024	28/07/2023	28/07/2022	28/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	22/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	13/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	21/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	07/12/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	15/11/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	03/10/2014	Dutch	PDF
Abridged modelCorrection	31/12/2012	28/06/2013	25/10/2013	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	28/11/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	04/11/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	02/12/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	23/06/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 ended

Active mandates

Art of Things

Director · 0467.223.858

Represented by Ludo Swennen

Active

DANSAERT

Director · 0458.664.894

Represented by Marc Vandevelde

Active

Ended mandates

MARC VANDEVELDE

Manager · since 01 mars 2009

Ended

Art of Things

Mandate · 0467.223.858

Represented by Ludo Swennen

Ended

DANSAERT

Mandate · 0458.664.894

Represented by Marc Vandevelde

Ended

JAN VAN DE GRAAF

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/04/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/08/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/06/2010
ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/02/2009
ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/02/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2004
MAATSCHAPPELIJKE ZETEL - 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 2025348,7 k €↓
2024
Annual accounts 20242,2 M €↑
2023
Annual accounts 2023963,9 k €↑
2022
Annual accounts 2022950,3 k €↓
2021
Annual accounts 20211 M €↑
2020
Annual accounts 2020967,5 k €↑
2019
Annual accounts 201936,7 k €↑
2018
Annual accounts 201820 k €↓
2017
Annual accounts 201794,2 k €↓
2016
Annual accounts 2016110,7 k €↓
2015
Annual accounts 2015297,5 k €↑
2014
Annual accounts 2014-22 k €↑
2013
Annual accounts 2013-26,6 k €↓
2012
Annual accounts 2012
2011
Annual accounts 2011116,4 k €↑
2010
Annual accounts 2010-129 k €↓
2009
Annual accounts 2009117,6 k €↑
2008
Annual accounts 200818,1 k €↑
2007
Annual accounts 2007-0,2 €↑
2006
Annual accounts 2006-4,8 k €
20/01/2003
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

GRACOPA

Overview

What does GRACOPA do?

Trend over 20 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