ACTIVE

DERMAX

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Financial year 2025 · closed on 31/12/2025
Net result
517,6 k €
-80.3% YoY
Revenue
1,6 M €
Equity
5,3 M €
+10.8% YoY

What does DERMAX do?

DERMAX is a Public limited company incorporated in 2016. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Liège.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0667.730.677
Incorporation
15/12/2016
Legal form
Public limited company
Registered office
Boulevard de Patience et Beaujonc 3 box 1
4000 Liège · WallonieSee on map
Contributed capital
3 250 022,00 €
Latest accounts
31/12/2025
Activities (NACE)
46460Wholesale of pharmaceutical goods· main46460Wholesale of pharmaceutical goods21100Manufacture of basic pharmaceutical products21100Manufacture of basic pharmaceutical products
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Revenue1,6 M €––––––––
EBITDA1,2 M €3,3 M €374,1 k €1,2 M €-3,5 k €-69,5 k €-107 k €-93,5 k €-16,6 k €
Operating result937,9 k €2,9 M €35,1 k €166,9 k €-105,8 k €-130,1 k €-581 k €-132,2 k €-16,6 k €
Net result517,6 k €2,6 M €116,7 k €276,8 k €-194,9 k €-283,7 k €-742,8 k €-202,4 k €-16,5 k €
Balance sheet
Equity5,3 M €4,8 M €2,2 M €3 M €2,8 M €3 M €-3,2 M €93,1 k €45,5 k €
Total assets5,7 M €6,6 M €5,7 M €7,1 M €6,7 M €12,3 M €5,4 M €7,4 M €52,6 k €
Cash168,2 k €257,5 k €304,6 k €1,7 M €2,7 M €8,4 M €117,8 k €1,8 M €41,6 k €
Debts414,3 k €1,6 M €3,2 M €3,7 M €3,4 M €8,9 M €8,4 M €7,2 M €7 k €
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 · 9 ended

Active mandates

Jacobsen Management

Director · since 20 avril 2020 · until 09 juin 2026 · 0736.534.955

Represented by Thomas Jacobsen

Active
SVR Management

Managing director · since 20 avril 2020 · until 09 juin 2026 · 0552.806.859

Represented by Stijn Van Rompay

Active

Ended mandates

Jacobsen Management

Director · since 20 avril 2020 · until 20 avril 2026 · 0736.534.955

Represented by Thomas Jacobsen

Ended
SVR Management

Director · since 20 avril 2020 · until 20 avril 2026 · 0552.806.859

Represented by Stijn Van Rompay

Ended
SVR Management

Managing director · since 20 avril 2020 · until 20 avril 2026 · 0552.806.859

Represented by Stijn Van Rompay

Ended
GRNR Invest

Director · since 05 décembre 2016 · until 20 avril 2020 · 0817.694.459

Represented by Thomas Jacobsen

Ended
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Annual accounts

Full financial information

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 date07/07/202604/07/202515/11/202411/07/202312/07/202206/07/2021
General meeting30/06/202610/06/202514/11/202413/06/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202607/07/2026FrenchPDF
Abridged model31/12/202410/06/202504/07/2025FrenchPDF
Abridged model31/12/202314/11/202415/11/2024FrenchPDF
Abridged model31/12/202213/06/202311/07/2023FrenchPDF
Abridged model31/12/202114/06/202212/07/2022FrenchPDF
Abridged model31/12/202008/06/202106/07/2021FrenchPDF
Abridged model31/12/201908/06/202030/07/2020FrenchPDF
Abridged model31/12/201812/08/201926/08/2019FrenchPDF
Micro model31/12/201710/08/201831/08/2018FrenchPDF
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 · 9 ended

Active mandates

Jacobsen Management

Director · since 20 avril 2020 · until 09 juin 2026 · 0736.534.955

Represented by Thomas Jacobsen

Active
SVR Management

Managing director · since 20 avril 2020 · until 09 juin 2026 · 0552.806.859

Represented by Stijn Van Rompay

Active

Ended mandates

Jacobsen Management

Director · since 20 avril 2020 · until 20 avril 2026 · 0736.534.955

Represented by Thomas Jacobsen

Ended
SVR Management

Director · since 20 avril 2020 · until 20 avril 2026 · 0552.806.859

Represented by Stijn Van Rompay

Ended
SVR Management

Managing director · since 20 avril 2020 · until 20 avril 2026 · 0552.806.859

Represented by Stijn Van Rompay

Ended
GRNR Invest

Director · since 05 décembre 2016 · until 20 avril 2020 · 0817.694.459

Represented by Thomas Jacobsen

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/05/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office20/10/2022
    SIEGE SOCIAL - DIVERS
    PDF
  • Registered office07/09/2022
    SIEGE SOCIAL
    PDF
  • Mandates30/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares28/10/2020
    CAPITAL, ACTIONS
    PDF
  • Capital / shares24/09/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    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

Timeline

  1. 2025
    Annual accounts 2025517,6 k €↓
  2. 2024
    Annual accounts 20242,6 M €↑
  3. 2023
    Annual accounts 2023116,7 k €↓
  4. 2022
    Annual accounts 2022276,8 k €↑
  5. 2021
    Annual accounts 2021-194,9 k €↑
  6. 2020
    Annual accounts 2020-283,7 k €↑
  7. 2019
    Annual accounts 2019-742,8 k €↓
  8. 2018
    Annual accounts 2018-202,4 k €↓
  9. 2017
    Annual accounts 2017-16,5 k €
  10. 15/12/2016
    IncorporationPublic limited company