ACTIVE

Eqwal Care

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Financial year 2025 · Closed on 30/09/2025

Net result935,9 k €+73,7 %over 1 year

Gross margin4,6 M €+21,6 %over 1 year

Equity2,1 M €-19,8 %over 1 year

Workforce24,5 ETP+0,4 %over 1 year

Identity

Source · BCE/KBO

Eqwal Care is a Public limited company incorporated in 2018. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Gent. It employs on average 24,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0707.608.763
Incorporation: 02/10/2018
Legal form: Public limited company
Registered office: Herman Teirlinckstraat 15
9041 Gent · FlandreSee on map
Contributed capital: 1 894 011,00 €
Latest accounts: 30/09/2025
Average workforce: 24,5 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 47740Retail sale of medical and orthopaedic goods in specialised stores 47741Retail sale of medical and orthopaedic goods in specialised stores 46460Wholesale of pharmaceutical goods 46460Wholesale of pharmaceutical goods+2

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 7 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	4,6 M €	+21.6%	3,8 M €	-8.7%	4,1 M €		–		–
EBITDA	2,1 M €	+21.5%	1,7 M €	-2.4%	1,7 M €	+66.1%	1 M €	-29.1%	1,5 M €
Operating result	1,3 M €	+65.0%	787,7 k €	-2.7%	809,5 k €	+587%	117,9 k €	-83.7%	721,6 k €
Net result	935,9 k €	+73.7%	538,7 k €	+8.6%	496 k €	+2479%	-20,8 k €	-104%	554,5 k €
Balance sheet
Equity	2,1 M €	-19.8%	2,7 M €	-31.2%	3,9 M €	+14.6%	3,4 M €	-0.6%	3,4 M €
Total assets	6,1 M €	-8.4%	6,7 M €	+9.7%	6,1 M €	-20.7%	7,6 M €	+28.4%	6 M €
Cash	588,4 k €	+7.0%	549,9 k €	+1096%	46 k €	+883%	4,7 k €	-99.2%	550,3 k €
Debts	4 M €	-0.1%	4 M €	+84.6%	2,1 M €	-49.1%	4,2 M €	+68.5%	2,5 M €
Other
Workforce	24,5 ETP	+0.4%	24,4 ETP	+3.0%	23,7 ETP	+6.3%	22,3 ETP	-3.0%	23,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2023

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FINICOMA0668.547.457Represented by Jean-Pierre Mahé	bestuurder29/12/2023 → 29/12/2029
Cédric De Quinnemar	Managing director28/09/2018 → 25/06/2025
MedCare Partners0677.862.724Represented by Jan Ponnet	Managing director28/09/2018 → 20/06/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jan Ponnet	Director28/09/2018 → 25/06/2020

Other companies at this address

Herman Teirlinckstraat 15 9041 Gent

Company	CBE no.
Eqwal● Active	0426.419.720
Eqwal Roeselare● Active	0450.255.093
Eqwal Stomacare● Active	0849.873.517
FINICOMA● Active	0668.547.457
Nixa-Phone● Liquidation	0827.622.410

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	9 months	12 months	12 months	12 months	12 months
Filing date	21/04/2026	22/04/2025	03/09/2024	03/07/2023	14/07/2022	08/07/2021
General meeting	13/03/2026	19/03/2025	19/07/2024	30/06/2023	29/06/2022	28/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 7 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	13/03/2026	21/04/2026	Dutch	PDF
Abridged model	30/09/2024	19/03/2025	22/04/2025	Dutch	PDF
Abridged model	31/12/2023	19/07/2024	03/09/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	03/07/2023	Dutch	PDF
Full model	31/12/2021	29/06/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	11/09/2020	29/10/2020	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2023

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FINICOMA0668.547.457Represented by Jean-Pierre Mahé	bestuurder29/12/2023 → 29/12/2029
Cédric De Quinnemar	Managing director28/09/2018 → 25/06/2025
MedCare Partners0677.862.724Represented by Jan Ponnet	Managing director28/09/2018 → 20/06/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jan Ponnet	Director28/09/2018 → 25/06/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring08/06/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/05/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other19/02/2026
DIVERSEN
PDF
Other20/11/2025
DIVERSEN
PDF
Other15/10/2025
BENAMING
PDF
Restructuring13/08/2025
DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other18/06/2025
DIVERSEN
PDF
Mandates30/05/2025
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings7 filings

Mandates

FINICOMA

MedCare Partners

Cédric De Quinnemar

Jan Ponnet

201820192020202120222023202420252026202720282029

Eqwal CareAqtor! CareArseus Banda

Herman Teirlinckstraat 15, 9041 Oostakker

bestuurder

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Herman Teirlinckstraat 15, 9041 OostakkerCurrent	accounts 2023	Accounts 2023 · 2024-00448265
Rijksweg 10, 2880 Bornem	accounts 2022	Accounts 2022 · 2023-00204887

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Eqwal CareCurrent	accounts 2025	Accounts 2025 · 2026-00086236
Aqtor! Care	accounts 2023 → 2024	Accounts 2024 · 2025-00076281
Arseus Banda	accounts 2019 → 2022	Accounts 2022 · 2023-00204887

Events

2025
Annual accounts 2025935,9 k €↑
2025
Name changeEqwal Care
2024
Annual accounts 2024538,7 k €↑
2023
Annual accounts 2023496 k €↑
2023
Name changeAqtor! Care
2022
Annual accounts 2022-20,8 k €↓
2021
Annual accounts 2021554,5 k €↑
2020
Annual accounts 202040,4 k €↓
2019
Annual accounts 2019640,6 k €
02/10/2018
IncorporationPublic limited company

Eqwal Care

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events