ACTIVE

VETPHARM

Financial year 2025 · Closed on 31/12/2025

Net result31,8 k €-91,6 %over 1 year

Gross margin124,1 k €-75,5 %over 1 year

Equity937,1 k €+3,5 %over 1 year

Identity

Source · BCE/KBO

VETPHARM is a Private limited company incorporated in 2011. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Izegem.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0839.331.991
Incorporation: 26/08/2011
Legal form: Private limited company
Registered office: Kokelarestraat 83
8870 Izegem · FlandreSee on map
Contributed capital: 40 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 14 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	124,1 k €	-75.5%	505,6 k €	+85.5%	272,6 k €	+9.4%	249,1 k €	+9.4%	227,7 k €
EBITDA	123,3 k €	-75.6%	504,6 k €	+91.2%	263,9 k €	+51.7%	174 k €	+0.2%	173,7 k €
Operating result	107,9 k €	-78.2%	494,2 k €	+218%	155,3 k €	-5.8%	164,8 k €	+7.1%	153,9 k €
Net result	31,8 k €	-91.6%	376,7 k €	+307%	92,6 k €	-1.0%	93,6 k €	+8.8%	86 k €
Balance sheet
Equity	937,1 k €	+3.5%	905,3 k €	+51.2%	598,6 k €	+0.1%	598 k €	-0.0%	598 k €
Total assets	5,6 M €	-20.4%	7 M €	+26.5%	5,5 M €	+32.4%	4,2 M €	+12.9%	3,7 M €
Cash	67,1 k €	+432%	12,6 k €	-93.1%	182,1 k €	+476%	31,6 k €	-43.0%	55,4 k €
Debts	4,6 M €	-24.5%	6,1 M €	+22.9%	4,9 M €	+38.2%	3,6 M €	+18.7%	3 M €
Other
Workforce	–		–		0,3 ETP	-76.9%	1,3 ETP	+30.0%	1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DE SASMEESTER0658.895.066Represented by Maarten De Gussem	Directorsince 31/12/2016Manager31/12/2016 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joris-Pieter De Gussem	Manager2016 accounts
Maarten De Gussem	Manager2016 accounts

Other companies at this address

Kokelarestraat 83 8870 Izegem

Company	CBE no.
DE SASMEESTER● Active	0658.895.066
Kasteel Wolvenhof● Active	1024.913.876
MANDELSAS● Active	0666.879.948
MYVO● Active	0894.022.571
PHAGOMED● Active	1016.131.715
POULPHARM● Active	0888.282.250
SAS GLOBAL● Active	1041.585.703
VETODIS● Active	1040.740.516

Full financial information

Source · NBB

	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	10/06/2026	17/06/2025	24/06/2024	22/06/2023	20/06/2022	28/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	10/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	20/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	24/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	17/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	27/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	25/06/2013	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DE SASMEESTER0658.895.066Represented by Maarten De Gussem	Directorsince 31/12/2016Manager31/12/2016 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joris-Pieter De Gussem	Manager2016 accounts
Maarten De Gussem	Manager2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office06/10/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other27/09/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

DE SASMEESTER

Maarten De Gussem

Joris-Pieter De Gussem

2011201220132014201520162017201820192020202120222023202420252026

VETPHARM

Kokelarestraat 83, 8870 IzegemOude Iepersestraat 88, 8870 Izegem

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kokelarestraat 83, 8870 IzegemCurrent	accounts 2025	Accounts 2025 · 2026-00150478
Oude Iepersestraat 88, 8870 Izegem	accounts 2021 → 2024	Accounts 2024 · 2025-00147735

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VETPHARMCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00150478

Events

2025
Annual accounts 202531,8 k €↓
2024
Annual accounts 2024376,7 k €↑
2023
Annual accounts 202392,6 k €↓
2022
Annual accounts 202293,6 k €↑
2021
Annual accounts 202186 k €↓
2020
Annual accounts 2020111,7 k €↓
2019
Annual accounts 2019122,6 k €↓
2018
Annual accounts 2018397,1 k €↑
2017
Annual accounts 2017141,7 k €↑
2016
Annual accounts 201624,9 k €↓
2015
Annual accounts 2015210,3 k €↑
2014
Annual accounts 201467,4 k €↓
2013
Annual accounts 2013112,7 k €↑
2012
Annual accounts 201223,4 k €
26/08/2011
IncorporationPrivate limited company

VETPHARM

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events