ACTIVE

AXONE PHARMA

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Financial year 2025 · closed on 31/12/2025

Net result

1,6 M €

+131.5% YoY

Revenue

27,1 M €

+86.2% YoY

Equity

8,1 M €

+24.9% YoY

Workforce

28,2 ETP

+0.4% YoY

What does AXONE PHARMA do?

AXONE PHARMA is a Public limited company incorporated in 2010. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Braine-l'Alleud. It employs on average 28,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0830.551.216

Incorporation

22/10/2010

Legal form

Public limited company

Registered office

Boulevard de France 9 box A
1420 Braine-l'Alleud · WallonieSee on map

Contributed capital

300 000,00 €

Latest accounts

31/12/2025

Average workforce

28,2 ETP

Activities (NACE)

46180Agents specialised in the sale of other particular products· main 46180Agents specialised in the sale of other particular products 46460Wholesale of pharmaceutical goods 46460Wholesale of pharmaceutical goods 46460Wholesale of pharmaceutical goods 46460Wholesale of pharmaceutical goods

Joint committees (2)

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 12 financial years

	2025		2024		2023		2022		2021		2020		2017		2016		2014		2013		2012		2011
Income statement
Revenue	27,1 M €	+86.2%	14,5 M €	+4.3%	13,9 M €	+0.9%	13,8 M €	-39.2%	22,7 M €	+0.5%	22,6 M €	+259%	6,3 M €	+24.6%	5,1 M €	+44.4%	3,5 M €	+101%	1,7 M €	+8.2%	1,6 M €	+120%	734 k €
EBITDA	2,4 M €	+150%	973,8 k €	+50.7%	646,2 k €	-47.9%	1,2 M €	-65.9%	3,6 M €	+0.5%	3,6 M €	+103%	1,8 M €	+51.7%	1,2 M €	-16.9%	1,4 M €	+1113%	116,4 k €	+134%	49,8 k €	+128%	-175,3 k €
Operating result	2,2 M €	+139%	938,6 k €	+49.0%	629,8 k €	-31.0%	913,1 k €	-71.6%	3,2 M €	-5.1%	3,4 M €	+94.1%	1,7 M €	+52.8%	1,1 M €	-18.0%	1,4 M €	+1555%	84,1 k €	+157%	32,8 k €	+118%	-186,7 k €
Net result	1,6 M €	+132%	695,9 k €	+24.9%	557,2 k €	-18.3%	682,2 k €	-72.5%	2,5 M €	-0.1%	2,5 M €	+116%	1,1 M €	+51.8%	755,6 k €	-15.8%	897,2 k €	+1058%	77,5 k €	+127%	34,1 k €	+118%	-186,1 k €
Balance sheet
Equity	8,1 M €	+24.9%	6,5 M €	+12.1%	5,8 M €	-33.8%	8,7 M €	+8.5%	8 M €	+44.7%	5,6 M €	+34.1%	4,1 M €	+38.3%	3 M €	+166%	1,1 M €	+398%	225,5 k €	+52.4%	148 k €	+29.9%	113,9 k €
Total assets	16,2 M €	+76.4%	9,2 M €	+6.2%	8,7 M €	-14.3%	10,1 M €	-21.3%	12,9 M €	+53.2%	8,4 M €	+47.8%	5,7 M €	+18.5%	4,8 M €	+178%	1,7 M €	+109%	826,6 k €	+55.5%	531,5 k €	+97.4%	269,2 k €
Cash	2,7 M €	+132%	1,2 M €	+296%	300 k €	-11.0%	337,3 k €		–		2,3 M €	+1718%	124 k €	+79.0%	69,2 k €	-74.2%	268,4 k €	+97.9%	135,6 k €	+36.6%	99,3 k €	+494%	16,7 k €
Debts	7,6 M €	+209%	2,4 M €	-11.7%	2,8 M €	+135%	1,2 M €	-74.9%	4,7 M €	+65.4%	2,8 M €	+85.7%	1,5 M €	-14.9%	1,8 M €	+198%	602,7 k €	+2.8%	586,1 k €	+52.8%	383,5 k €	+148%	154,8 k €
Other
Workforce	28,2 ETP	+0.4%	28,1 ETP	-6.6%	30,1 ETP	-1.3%	30,5 ETP	-1.3%	30,9 ETP	+2.7%	30,1 ETP	-3.8%	31,3 ETP	+21.3%	25,8 ETP	+169%	9,6 ETP	-8.6%	10,5 ETP	+19.3%	8,8 ETP	+83.3%	4,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

ALEXO

Director · 0870.896.286

Represented by Olivier Delaere

Active

ARISTO

Mandate · 0434.718.564

Represented by Frank Coene

Active

Suru Consult

Managing director · 1003.443.917

Represented by Ruben Suply

Active

Ended mandates

ARISTO

Director · since 01 décembre 2020 · 0434.718.564

Represented by Frank Coene

Ended

Ruben Suply

Director · since 01 décembre 2020

Ended

ALEXO

Managing director · since 21 février 2011 · until 03 juin 2016 · 0870.896.286

Represented by Olivier Delaere

Ended

Eric Van Nueten

Managing director · since 21 février 2011 · until 03 juin 2016

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	05/06/2026	26/06/2025	08/07/2024	28/06/2023	30/06/2022	16/06/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	15/05/2023	19/05/2022	20/05/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/05/2026	05/06/2026	French	PDF
Full model	31/12/2024	12/05/2025	26/06/2025	French	PDF
Full model	31/12/2023	13/05/2024	08/07/2024	French	PDF
Full model	31/12/2022	15/05/2023	28/06/2023	French	PDF
Full model	31/12/2021	19/05/2022	30/06/2022	French	PDF
Full model	31/12/2020	20/05/2021	16/06/2021	French	PDF
Full model	31/12/2019	21/05/2020	27/05/2020	French	PDF
Full model	31/12/2018	16/05/2019	11/09/2019	French	PDF
Full model	31/12/2017	17/05/2018	16/07/2018	French	PDF
Full model	31/12/2016	16/03/2017	29/06/2017	French	PDF
Full model	31/12/2015	17/03/2016	19/08/2016	French	PDF
Full model	31/12/2014	19/03/2015	16/06/2015	French	PDF
Full model	31/12/2013	20/03/2014	22/07/2014	French	PDF
Full model	31/12/2012	21/03/2013	17/07/2013	French	PDF
Full model	31/12/2011	15/03/2012	23/08/2012	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

ALEXO

Director · 0870.896.286

Represented by Olivier Delaere

Active

ARISTO

Mandate · 0434.718.564

Represented by Frank Coene

Active

Suru Consult

Managing director · 1003.443.917

Represented by Ruben Suply

Active

Ended mandates

ARISTO

Director · since 01 décembre 2020 · 0434.718.564

Represented by Frank Coene

Ended

Ruben Suply

Director · since 01 décembre 2020

Ended

ALEXO

Managing director · since 21 février 2011 · until 03 juin 2016 · 0870.896.286

Represented by Olivier Delaere

Ended

Eric Van Nueten

Managing director · since 21 février 2011 · until 03 juin 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/08/2026
DEMISSIONS, NOMINATIONS
PDF
Other28/10/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates24/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2013
DEMISSIONS, NOMINATIONS
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 20251,6 M €↑
2024
Annual accounts 2024695,9 k €↑
2023
Annual accounts 2023557,2 k €↓
2022
Annual accounts 2022682,2 k €↓
2021
Annual accounts 20212,5 M €↓
2020
Annual accounts 20202,5 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016755,6 k €↓
2014
Annual accounts 2014897,2 k €↑
2013
Annual accounts 201377,5 k €↑
2012
Annual accounts 201234,1 k €↑
2011
Annual accounts 2011-186,1 k €
22/10/2010
IncorporationPublic 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

AXONE PHARMA

Overview

What does AXONE PHARMA do?

Trend over 12 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