ACTIVE

ELBARO

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Financial year 2025 · closed on 31/12/2025

Net result

-109 k €

-210.0% YoY

Gross margin

35,1 k €

-7.1% YoY

Equity

773,4 k €

-12.4% YoY

What does ELBARO do?

ELBARO is a Private limited company incorporated in 2011. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Merelbeke-Melle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0840.065.530

Incorporation

05/10/2011

Legal form

Private limited company

Registered office

Gaversesteenweg 857
9820 Merelbeke-Melle · FlandreSee on map

Contributed capital

440 582,56 €

Latest accounts

31/12/2025

Activities (NACE)

47730Dispensing chemist in specialised stores· main 47730Dispensing chemist in specialised stores

Joint committees (1)

Signals

Positive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	35,1 k €	-7.1%	37,8 k €	-74.7%	149,3 k €	-2.3%	152,8 k €	-22.8%	198 k €	+117%	91,1 k €	-31.1%	132,2 k €	+12.1%	117,9 k €	+1.6%	116,1 k €	-1.8%	118,2 k €	+18.9%	99,4 k €	+1.6%	97,8 k €	+117%	45 k €	-14.3%	52,5 k €
EBITDA	31,4 k €	-5.5%	33,3 k €	-76.9%	143,9 k €	-3.4%	148,9 k €	-23.7%	195,2 k €	+122%	88,1 k €	-32.1%	129,7 k €	+12.4%	115,3 k €	+1.8%	113,3 k €	-3.3%	117,2 k €	+20.4%	97,3 k €	+28.3%	75,8 k €	+3737%	2 k €	-95.4%	42,5 k €
Operating result	-61,1 k €	-649%	-8,2 k €	-109%	93,5 k €	+13.7%	82,3 k €	-45.5%	150,9 k €	+169%	56,2 k €	-40.5%	94,4 k €	+18.4%	79,8 k €	+21.9%	65,4 k €	-25.1%	87,4 k €	+29.1%	67,7 k €	+35.4%	50 k €	+2430%	2 k €	-92.1%	24,9 k €
Net result	-109 k €	-210%	-35,2 k €	-185%	41,2 k €	-19.6%	51,2 k €	-48.7%	99,7 k €	+204%	32,8 k €	-47.1%	62 k €	+27.6%	48,6 k €	+56.3%	31,1 k €	-32.8%	46,3 k €	+18.1%	39,2 k €	+93.8%	20,2 k €	+312%	-9,5 k €	-167%	14,3 k €
Balance sheet
Equity	773,4 k €	-12.4%	882,4 k €	-3.8%	917,6 k €	+4.7%	876,4 k €	+6.2%	825,2 k €	+13.7%	725,5 k €	+4.7%	692,7 k €	+9.8%	630,7 k €	+8.3%	582,1 k €	+5.6%	551 k €	+9.2%	504,8 k €	+8.4%	465,6 k €	+4.5%	445,4 k €	+129%	194,3 k €
Total assets	2,8 M €	-4.4%	2,9 M €	+25.5%	2,3 M €	+4.5%	2,2 M €	+20.8%	1,8 M €	+6.9%	1,7 M €	+10.0%	1,6 M €	+8.8%	1,4 M €	+2.0%	1,4 M €	+9.9%	1,3 M €	-3.3%	1,3 M €	+12.2%	1,2 M €	-1.6%	1,2 M €	+187%	418,3 k €
Cash	29,2 k €	-79.5%	142,8 k €	+40.2%	101,9 k €	+37.4%	74,2 k €	-33.9%	112,1 k €	+66.2%	67,5 k €	-41.0%	114,4 k €	-11.2%	128,9 k €	+176%	46,8 k €		–		33,8 k €	-56.0%	76,9 k €	+100%	38,4 k €	+35.6%	28,3 k €
Debts	2 M €	-0.9%	2 M €	+44.7%	1,4 M €	+4.4%	1,3 M €	+32.7%	1 M €	+1.9%	990,3 k €	+14.2%	867,4 k €	+8.0%	803 k €	-2.6%	824,1 k €	+13.2%	728,2 k €	-11.0%	818,2 k €	+14.7%	713,6 k €	-5.3%	753,2 k €	+238%	223 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

Annemiek Vranken

Manager

Active

Michael Storme

Manager

Active

Ended mandates

Annemiek Vranken

Manager · since 05 octobre 2011

Ended

Michael Storme

Manager · since 05 octobre 2011

Ended

At this address

Other companies at this address

Company	CBE no.
APOTHEEK STORME● Active	0881.859.167
GROEP STORME-VRANKEN● Active	0542.526.542

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro 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	15/09/2026	30/07/2025	08/08/2024	25/07/2023	18/08/2022	06/09/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	15/09/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	08/08/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	25/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	18/08/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	06/09/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	21/09/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	15/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	06/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	19/07/2013	Dutch	PDF

Estimate

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.

Governance

Board of directors

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

Active mandates

Annemiek Vranken

Manager

Active

Michael Storme

Manager

Active

Ended mandates

Annemiek Vranken

Manager · since 05 octobre 2011

Ended

Michael Storme

Manager · since 05 octobre 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/03/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/12/2014
MAATSCHAPPELIJKE ZETEL
PDF
Other19/10/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025-109 k €↓
2024
Annual accounts 2024-35,2 k €↓
2023
Annual accounts 202341,2 k €↓
2022
Annual accounts 202251,2 k €↓
2021
Annual accounts 202199,7 k €↑
2020
Annual accounts 202032,8 k €↓
2019
Annual accounts 201962 k €↑
2018
Annual accounts 201848,6 k €↑
2017
Annual accounts 201731,1 k €↓
2016
Annual accounts 201646,3 k €↑
2015
Annual accounts 201539,2 k €↑
2014
Annual accounts 201420,2 k €↑
2013
Annual accounts 2013-9,5 k €↓
2012
Annual accounts 201214,3 k €
05/10/2011
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

ELBARO

Overview

What does ELBARO 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