ACTIVE

ORION PHARMA

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Financial year 2025 · closed on 31/12/2025

Net result

137,8 k €

+3.4% YoY

Revenue

4,4 M €

+26.3% YoY

Equity

822 k €

+20.1% YoY

Workforce

21,6 ETP

+180.5% YoY

What does ORION PHARMA do?

ORION PHARMA is a Private limited company incorporated in 2009. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Mechelen. It employs on average 21,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.527.741

Incorporation

17/12/2009

Legal form

Private limited company

Registered office

Battelsesteenweg 455 box D
2800 Mechelen · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Average workforce

21,6 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 73200Market research and public opinion polling 73200Market research and public opinion polling 73110Advertising agencies 73110Advertising agencies

Joint committees (2)

207
20700

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2012		2011		2010
Income statement
Revenue	4,4 M €	+26.3%	3,5 M €	+1.8%	3,4 M €	-22.6%	4,5 M €	+63.3%	2,7 M €	+101%	1,4 M €	-18.3%	1,7 M €	-15.0%	2 M €	-3.9%	2 M €	+13.7%	1,8 M €	+15.7%	1,6 M €	+23.2%	1,3 M €	+74.5%	721,2 k €	+21.5%	593,9 k €
EBITDA	282,1 k €	+27.5%	221,2 k €	+52.3%	145,2 k €	+24.7%	116,4 k €	+9.5%	106,4 k €	+12.6%	94,4 k €	-13.4%	109 k €	-14.9%	128,1 k €	+0.4%	127,7 k €	+13.3%	112,7 k €	+15.1%	97,9 k €	+24.7%	78,5 k €	+70.3%	46,1 k €	+29.0%	35,8 k €
Operating result	261 k €	+22.3%	213,4 k €	+50.7%	141,7 k €	+29.5%	109,4 k €	+9.8%	99,6 k €	+14.1%	87,2 k €	-17.1%	105,2 k €	-15.4%	124,4 k €	-0.8%	125,4 k €	+13.1%	110,9 k €	+15.3%	96,2 k €	+22.5%	78,5 k €	+70.3%	46,1 k €	+29.0%	35,8 k €
Net result	137,8 k €	+3.4%	133,3 k €	+58.5%	84,1 k €	+39.3%	60,3 k €	+7.6%	56,1 k €	+15.1%	48,7 k €	+4.2%	46,8 k €	-34.1%	71 k €	+21.4%	58,5 k €	+19.3%	49 k €	+11.7%	43,9 k €	+43.8%	30,5 k €	+43.8%	21,2 k €	+7.7%	19,7 k €
Balance sheet
Equity	822 k €	+20.1%	684,2 k €	+24.2%	550,9 k €	+18.0%	466,9 k €	+14.8%	406,6 k €	+16.0%	350,5 k €	+16.1%	301,8 k €	+18.3%	255 k €	+38.6%	184 k €	-16.4%	220,2 k €	+28.6%	171,2 k €	+90.2%	90 k €	+51.3%	59,5 k €	+55.5%	38,3 k €
Total assets	1,2 M €	+0.5%	1,2 M €	+11.6%	1,1 M €	+42.2%	762,4 k €	-42.2%	1,3 M €	+104%	645,3 k €	+30.0%	496,4 k €	-46.5%	928,1 k €	+32.7%	699,4 k €	+33.2%	525,1 k €	+34.2%	391,3 k €	+7.9%	362,7 k €	+25.8%	288,2 k €	+71.6%	168 k €
Cash	427,7 k €	+119%	195,1 k €	+507%	32,1 k €	-93.2%	471,1 k €	-57.0%	1,1 M €	+227%	335,8 k €	+74.5%	192,4 k €	-67.5%	592,5 k €	+67.6%	353,5 k €	+267%	96,2 k €	-33.3%	144,3 k €	+39.6%	103,4 k €	-22.2%	132,9 k €	+64.8%	80,6 k €
Debts	394,3 k €	-25.0%	525,9 k €	-1.4%	533,3 k €	+80.5%	295,5 k €	-67.6%	912,7 k €	+210%	294,8 k €	+51.5%	194,6 k €	-71.1%	673,1 k €	+30.6%	515,5 k €	+69.1%	304,9 k €	+38.5%	220,1 k €	-19.3%	272,7 k €	+19.2%	228,8 k €	+76.3%	129,7 k €
Other
Workforce	21,6 ETP	+181%	7,7 ETP	+20.3%	6,4 ETP	-3.0%	6,6 ETP	+29.4%	5,1 ETP	+37.8%	3,7 ETP	-9.8%	4,1 ETP	-29.3%	5,8 ETP	-7.9%	6,3 ETP	-3.1%	6,5 ETP	-12.2%	7,4 ETP	+94.7%	3,8 ETP	+35.7%	2,8 ETP	+155%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Hao PAN

Director

Active

Robert Borgdorf

Director

Active

Ended mandates

Hao PAN

Director · since 15 décembre 2023

Ended

Robert Borgdorf

Director · since 01 janvier 2018

Ended

Robert Borgdorf

Manager · since 01 janvier 2018

Ended

Sabu Ahomäki

Director · since 01 janvier 2011

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	20/08/2026	01/07/2025	31/07/2024	29/09/2023	19/07/2022	07/07/2021
General meeting	30/06/2026	18/06/2025	29/07/2024	29/09/2023	30/06/2022	18/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	20/08/2026	Dutch	PDF
Full model	31/12/2024	18/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	29/07/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	29/09/2023	29/09/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	19/07/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	07/07/2021	Dutch	PDF
Full model	31/12/2019	16/09/2020	29/09/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	02/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	17/08/2018	Dutch	PDF
Full model	31/12/2016	19/06/2017	14/07/2017	Dutch	PDF
Full model	31/12/2015	18/06/2016	23/06/2016	Dutch	PDF
Full model	31/12/2014	18/06/2015	02/07/2015	Dutch	PDF
Full model	31/12/2013	18/06/2014	18/07/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	24/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	24/08/2012	Dutch	PDF
Full model	31/12/2010	20/06/2011	29/07/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

Hao PAN

Director

Active

Robert Borgdorf

Director

Active

Ended mandates

Hao PAN

Director · since 15 décembre 2023

Ended

Robert Borgdorf

Director · since 01 janvier 2018

Ended

Robert Borgdorf

Manager · since 01 janvier 2018

Ended

Sabu Ahomäki

Director · since 01 janvier 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates10/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/12/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/07/2013
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 2025137,8 k €↑
2024
Annual accounts 2024133,3 k €↑
2023
Annual accounts 202384,1 k €↑
2022
Annual accounts 202260,3 k €↑
2021
Annual accounts 202156,1 k €↑
2020
Annual accounts 202048,7 k €↑
2019
Annual accounts 201946,8 k €↓
2018
Annual accounts 201871 k €↑
2017
Annual accounts 201758,5 k €↑
2015
Annual accounts 201549 k €↑
2014
Annual accounts 201443,9 k €↑
2012
Annual accounts 201230,5 k €↑
2011
Annual accounts 201121,2 k €↑
2010
Annual accounts 201019,7 k €
17/12/2009
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

ORION PHARMA

Overview

What does ORION PHARMA do?

Trend over 14 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