ACTIVE

UPSA Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result1,2 M €-54,7 %over 1 year
Revenue58,9 M €+1,5 %over 1 year
Equity8,5 M €+16,4 %over 1 year
Workforce25,3 ETP+70,9 %over 1 year

Identity

Source · BCE/KBO

UPSA Belgium is a Public limited company incorporated in 2019. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Etterbeek. It employs on average 25,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0725.595.929
Incorporation
23/04/2019
Legal form
Public limited company
Registered office
Boulevard Louis Schmidt 87
1040 Etterbeek · BruxellesSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
25,3 ETP
Joint committees (1)
  • 200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20252024202320222021
Income statement
Revenue58,9 M €58 M €50,9 M €50 M €34,9 M €
EBITDA12 M €13,4 M €13,4 M €13,3 M €12,8 M €
Operating result2,4 M €4,1 M €3,6 M €3,5 M €3,3 M €
Net result1,2 M €2,6 M €2,1 M €1,8 M €2 M €
Balance sheet
Equity8,5 M €7,3 M €4,6 M €2,5 M €742,7 k €
Total assets104,2 M €102,5 M €100,1 M €99,1 M €102,6 M €
Cash3,9 M €2,6 M €1,5 M €1,9 M €52,2 k €
Debts95,7 M €95,2 M €95,4 M €96,5 M €101,8 M €
Other
Workforce25,3 ETP14,8 ETP15,7 ETP13,4 ETP10,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 6 ended

Active mandates

Alessandro Vita

Director · since 14 mai 2024

Active
Isabelle Vanrycke

Managing director · since 01 juillet 2021 · until 01 juillet 2027

Active
Stéphanie Maquet

Personne chargée de la gestion journalière · since 30 mars 2020

Active

Ended mandates

Isabelle Vanryck

Managing director · since 01 juillet 2021 · until 01 juillet 2027

Ended
François Duplaix

Managing director · since 01 juillet 2019 · until 01 juillet 2021

Ended
François Duplaix

Managing director · since 01 juillet 2019 · until 18 mars 2026

Ended
Jun Kuroda

Director · since 23 avril 2019 · until 18 mars 2026

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202123/04/2019
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 months21 months
Filing date07/07/202622/05/202513/06/202418/04/202329/03/202209/04/2021
General meeting30/06/202611/04/202514/05/202427/03/202316/03/202217/03/2021
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, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202607/07/2026FrenchPDF
Full model31/12/202411/04/202522/05/2025FrenchPDF
Full model31/12/202314/05/202413/06/2024FrenchPDF
Full model31/12/202227/03/202318/04/2023FrenchPDF
Full model31/12/202116/03/202229/03/2022FrenchPDF
Full model31/12/202017/03/202109/04/2021FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

3 active · 6 ended

Active mandates

Alessandro Vita

Director · since 14 mai 2024

Active
Isabelle Vanrycke

Managing director · since 01 juillet 2021 · until 01 juillet 2027

Active
Stéphanie Maquet

Personne chargée de la gestion journalière · since 30 mars 2020

Active

Ended mandates

Isabelle Vanryck

Managing director · since 01 juillet 2021 · until 01 juillet 2027

Ended
François Duplaix

Managing director · since 01 juillet 2019 · until 01 juillet 2021

Ended
François Duplaix

Managing director · since 01 juillet 2019 · until 18 mars 2026

Ended
Jun Kuroda

Director · since 23 avril 2019 · until 18 mars 2026

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/07/2024
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Other10/03/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other22/07/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE
    PDF
  • Mandates27/12/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/04/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/09/2019
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 14/04/2026
    nominationDavid Vandebeek — Délégué à la Gestion Journalière
  2. 2025
    Annual accounts 20251,2 M €↓
  3. 2024
    Annual accounts 20242,6 M €↑
  4. 14/05/2024
    nominationAlessandro Vita — administrateur et administrateur délégué
  5. 14/05/2024
    reconductionEY Reviseurs d'Entreprises SRL — commissaire
  6. 14/05/2024
    cession
  7. 2023
    Annual accounts 20232,1 M €↑
  8. 2022
    Annual accounts 20221,8 M €↓
  9. 2021
    Annual accounts 20212 M €↑
  10. 2020
    Annual accounts 2020-1,3 M €
  11. 23/04/2019
    IncorporationPublic limited company