ACTIVE

Eqwal Care

Financial year 2025 · Closed on 30/09/2025

Net result
935,9 k €
+73,7 %over 1 year
Gross margin
4,6 M €
+21,6 %over 1 year
Equity
2,1 M €
-19,8 %over 1 year
Workforce
24,5 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
Joint committees (1)
  • 340
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

20252024202320222021
Income statement
Gross margin4,6 M €3,8 M €4,1 M €––
EBITDA2,1 M €1,7 M €1,7 M €1 M €1,5 M €
Operating result1,3 M €787,7 k €809,5 k €117,9 k €721,6 k €
Net result935,9 k €538,7 k €496 k €-20,8 k €554,5 k €
Balance sheet
Equity2,1 M €2,7 M €3,9 M €3,4 M €3,4 M €
Total assets6,1 M €6,7 M €6,1 M €7,6 M €6 M €
Cash588,4 k €549,9 k €46 k €4,7 k €550,3 k €
Debts4 M €4 M €2,1 M €4,2 M €2,5 M €
Other
Workforce24,5 ETP24,4 ETP23,7 ETP22,3 ETP23,0 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 · 4 ended

Active mandates

FINICOMA

bestuurder · since 29 décembre 2023 · until 29 décembre 2029 · 0668.547.457

Represented by Jean-Pierre Mahé

Active
Cédric De Quinnemar

Managing director · since 28 septembre 2018 · until 29 décembre 2023

Active
MedCare Partners

Managing director · since 28 septembre 2018 · until 29 décembre 2023 · 0677.862.724

Represented by Jan Ponnet

Active

Ended mandates

Cédric De Quinnemar

Managing director · since 28 septembre 2018 · until 20 juin 2025

Ended
Cédric De Quinnemar

Managing director · since 28 septembre 2018 · until 25 juin 2025

Ended
Jan Ponnet

Director · since 28 septembre 2018 · until 25 juin 2020

Ended
MedCare Partners

Managing director · since 28 septembre 2018 · until 20 juin 2025 · 0677.862.724

Represented by Jan Ponnet

Ended

Other companies at this address

Herman Teirlinckstraat 15 9041 Gent
CompanyCBE 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
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelFull modelFull modelFull model
Start of the financial year01/10/202401/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/09/202530/09/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months9 months12 months12 months12 months12 months
Filing date21/04/202622/04/202503/09/202403/07/202314/07/202208/07/2021
General meeting13/03/202619/03/202519/07/202430/06/202329/06/202228/06/2021
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, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202513/03/202621/04/2026DutchPDF
Abridged model30/09/202419/03/202522/04/2025DutchPDF
Abridged model31/12/202319/07/202403/09/2024DutchPDF
Full model31/12/202230/06/202303/07/2023DutchPDF
Full model31/12/202129/06/202214/07/2022DutchPDF
Full model31/12/202028/06/202108/07/2021DutchPDF
Full model31/12/201911/09/202029/10/2020DutchPDF

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 · 4 ended

Active mandates

FINICOMA

bestuurder · since 29 décembre 2023 · until 29 décembre 2029 · 0668.547.457

Represented by Jean-Pierre Mahé

Active
Cédric De Quinnemar

Managing director · since 28 septembre 2018 · until 29 décembre 2023

Active
MedCare Partners

Managing director · since 28 septembre 2018 · until 29 décembre 2023 · 0677.862.724

Represented by Jan Ponnet

Active

Ended mandates

Cédric De Quinnemar

Managing director · since 28 septembre 2018 · until 20 juin 2025

Ended
Cédric De Quinnemar

Managing director · since 28 septembre 2018 · until 25 juin 2025

Ended
Jan Ponnet

Director · since 28 septembre 2018 · until 25 juin 2020

Ended
MedCare Partners

Managing director · since 28 septembre 2018 · until 20 juin 2025 · 0677.862.724

Represented by Jan Ponnet

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

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

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 2025935,9 k €↑
  2. 2025
    Name changeEqwal Care
  3. 2024
    Annual accounts 2024538,7 k €↑
  4. 2023
    Annual accounts 2023496 k €↑
  5. 2023
    Name changeAqtor! Care
  6. 2022
    Annual accounts 2022-20,8 k €↓
  7. 2021
    Annual accounts 2021554,5 k €↑
  8. 2020
    Annual accounts 202040,4 k €↓
  9. 2019
    Annual accounts 2019640,6 k €
  10. 2019
    Name changeArseus Banda
  11. 02/10/2018
    IncorporationPublic limited company