ACTIVE

VS PHARMA

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Financial year 2025 · closed on 31/12/2025

Net result

107,3 k €

-51.5% YoY

Gross margin

528,1 k €

-10.4% YoY

Equity

720,4 k €

+4.1% YoY

Workforce

4,1 ETP

+10.8% YoY

What does VS PHARMA do?

VS PHARMA is a Private limited company incorporated in 2010. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Chaudfontaine. It employs on average 4,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0827.022.196

Incorporation

29/06/2010

Legal form

Private limited company

Registered office

Place de la Bouxhe 10
4052 Chaudfontaine · WallonieSee on map

Contributed capital

270 000,00 €

Latest accounts

31/12/2025

Average workforce

4,1 ETP

Activities (NACE)

47730Dispensing chemist in specialised stores· main 47730Dispensing chemist in specialised stores 47750Retail sale of cosmetic and toilet articles in specialised stores 47750Retail sale of cosmetic and toilet articles in specialised stores

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	528,1 k €	-10.4%	589,4 k €	+51.4%	389,4 k €	+11.2%	350,1 k €	+4.5%	335 k €	+0.7%	332,5 k €	-12.4%	379,7 k €	-7.8%	411,9 k €	-0.3%	413,2 k €	+26.8%	325,9 k €	+191%	112,2 k €	+31.1%	85,5 k €	-13.1%	98,4 k €	-3.7%	102,2 k €	+61.8%	63,2 k €
EBITDA	253,4 k €	-26.8%	346 k €	+113%	162,6 k €	-9.4%	179,4 k €	+23.9%	144,8 k €	+3.8%	139,4 k €	+4.3%	133,7 k €	-13.5%	154,6 k €	+6.3%	145,4 k €	+73.0%	84 k €	+2128%	-4,1 k €	+60.1%	-10,4 k €	-159%	17,7 k €	+350%	-7,1 k €	+70.5%	-24,1 k €
Operating result	204,4 k €	-32.9%	304,5 k €	+209%	98,5 k €	-15.0%	115,9 k €	+42.5%	81,4 k €	+25.8%	64,7 k €	-0.3%	64,9 k €	-15.5%	76,8 k €	-6.7%	82,2 k €	+1114%	-8,1 k €	+75.7%	-33,3 k €	-10.8%	-30,1 k €	-1420%	-2 k €	+92.5%	-26,3 k €	+38.2%	-42,6 k €
Net result	107,3 k €	-51.5%	221 k €	+230%	67 k €	-5.2%	70,6 k €	+2.6%	68,9 k €	+13.7%	60,6 k €	+388%	12,4 k €	-81.0%	65,4 k €	-6.9%	70,2 k €	+440%	-20,6 k €	+46.6%	-38,7 k €	-54.7%	-25 k €	-259%	-7 k €	+78.8%	-32,8 k €	+35.5%	-50,9 k €
Balance sheet
Equity	720,4 k €	+4.1%	691,9 k €	+35.6%	510,1 k €	+15.1%	443,1 k €	+19.0%	372,5 k €	+22.7%	303,6 k €	+24.9%	243,1 k €	+5.4%	230,7 k €	+39.6%	165,2 k €	+73.9%	95 k €	-17.9%	115,6 k €	+221%	-95,7 k €	-35.4%	-70,7 k €	-10.9%	-63,7 k €	-106%	-30,9 k €
Total assets	1,2 M €	-3.5%	1,2 M €	+24.6%	996,4 k €	+5.7%	942,9 k €	-4.8%	990,4 k €	-14.9%	1,2 M €	-7.7%	1,3 M €	+3.5%	1,2 M €	+10.1%	1,1 M €	+6.6%	1 M €	+197%	349,7 k €	+18.5%	295,2 k €	-16.1%	351,7 k €	-2.6%	361,2 k €	+26.2%	286,2 k €
Cash	109,6 k €	+533%	17,3 k €	-90.1%	174,7 k €	-15.6%	207 k €	+36.8%	151,3 k €	-23.7%	198,4 k €	+249%	56,8 k €	-62.9%	153,4 k €	+1060%	13,2 k €	-47.7%	25,3 k €	-6.4%	27 k €		–		1,5 k €	-94.8%	28,9 k €	+492%	4,9 k €
Debts	477,3 k €	-9.8%	529,2 k €	+8.8%	486,4 k €	-2.6%	499,3 k €	-19.1%	617,5 k €	-28.2%	860 k €	-15.5%	1 M €	+3.0%	988,1 k €	+4.9%	942,1 k €	-0.2%	943,9 k €	+303%	234,1 k €	-40.1%	390,9 k €	-7.4%	422,3 k €	-0.6%	424,9 k €	+34.1%	316,7 k €
Other
Workforce	4,1 ETP	+10.8%	3,7 ETP	+8.8%	3,4 ETP	-2.9%	3,5 ETP	+2.9%	3,4 ETP	-12.8%	3,9 ETP	-4.9%	4,1 ETP	-6.8%	4,4 ETP	-4.3%	4,6 ETP	-6.1%	4,9 ETP	+104%	2,4 ETP	0.0%	2,4 ETP	+20.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 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 · 1 active · 7 ended

Active mandates

MANAGEMENT SABRINE ELSEN

Director · 0832.451.228

Represented by Elsen Sabrine

Active

Ended mandates

MANAGEMENT SABRINE ELSEN

Director · since 07 septembre 2023 · 0832.451.228

Represented by Sabrine ELSEN

Ended

Pharmacie Sabrine ELSEN

Administrator - manager · since 28 août 2010 · 0432.709.179

Represented by Sabrine ELSEN

Ended

Pharmacie Sabrine ELSEN

Director · since 01 août 2010 · until 07 septembre 2023 · 0432.709.179

Represented by Sabrine ELSEN

Ended

MANAGEMENT SABRINE ELSEN

Director · 0832.451.228

Represented by Sabrine ELSEN

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires de l'immeuble situé Place de la Bouxhe, 10-14 à Chaudfontaine (BEAUFAYS)● Active	0880.149.591
CARAT D'ELLES● Active	0805.953.796
Jeûne & Hormèse● Active	0414.307.685
VISA PHARMA● Active	0501.813.959

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	26/08/2026	29/08/2025	28/08/2024	29/09/2023	23/08/2022	08/02/2022
General meeting	16/03/2026	22/08/2025	22/08/2024	29/09/2023	25/05/2022	09/12/2021
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
Abridged model	31/12/2025	16/03/2026	26/08/2026	French	PDF
Abridged model	31/12/2024	22/08/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	22/08/2024	28/08/2024	French	PDF
Abridged model	31/12/2022	29/09/2023	29/09/2023	French	PDF
Abridged model	31/12/2021	25/05/2022	23/08/2022	French	PDF
Abridged modelCorrection	31/12/2020	09/12/2021	08/02/2022	French	PDF
Abridged model	31/12/2020	31/08/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	04/09/2020	08/10/2020	French	PDF
Abridged model	31/12/2018	30/08/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	30/08/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	30/08/2016	French	PDF
Abridged model	30/09/2014	31/03/2015	28/05/2015	French	PDF
Abridged model	30/09/2013	17/03/2014	28/05/2014	French	PDF
Abridged model	30/09/2012	18/03/2013	28/05/2013	French	PDF
Abridged model	30/09/2011	19/03/2012	30/05/2012	French	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 · 1 active · 7 ended

Active mandates

MANAGEMENT SABRINE ELSEN

Director · 0832.451.228

Represented by Elsen Sabrine

Active

Ended mandates

MANAGEMENT SABRINE ELSEN

Director · since 07 septembre 2023 · 0832.451.228

Represented by Sabrine ELSEN

Ended

Pharmacie Sabrine ELSEN

Administrator - manager · since 28 août 2010 · 0432.709.179

Represented by Sabrine ELSEN

Ended

Pharmacie Sabrine ELSEN

Director · since 01 août 2010 · until 07 septembre 2023 · 0432.709.179

Represented by Sabrine ELSEN

Ended

MANAGEMENT SABRINE ELSEN

Director · 0832.451.228

Represented by Sabrine ELSEN

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/09/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Capital / shares17/02/2015
OBJET - CAPITAL, ACTIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/10/2010
DEMISSIONS, NOMINATIONS
PDF
Other08/07/2010
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025107,3 k €↓
2024
Annual accounts 2024221 k €↑
2023
Annual accounts 202367 k €↓
2022
Annual accounts 202270,6 k €↑
2021
Annual accounts 202168,9 k €↑
2020
Annual accounts 202060,6 k €↑
2019
Annual accounts 201912,4 k €↓
2018
Annual accounts 201865,4 k €↓
2017
Annual accounts 201770,2 k €↑
2016
Annual accounts 2016-20,6 k €↑
2015
Annual accounts 2015-38,7 k €↓
2014
Annual accounts 2014-25 k €↓
2013
Annual accounts 2013-7 k €↑
2012
Annual accounts 2012-32,8 k €↑
2011
Annual accounts 2011-50,9 k €
29/06/2010
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

VS PHARMA

Overview

What does VS PHARMA do?

Trend over 15 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