ACTIVE

STYLEPHARMA

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Financial year 2025 · closed on 31/12/2025

Net result

64,3 k €

-13.3% YoY

Revenue

812,4 k €

+12.5% YoY

Equity

326,9 k €

+6.3% YoY

What does STYLEPHARMA do?

STYLEPHARMA is a Private limited company incorporated in 2012. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0843.691.449

Incorporation

15/02/2012

Legal form

Private limited company

Registered office

Rue Bruyère-Saint-Jean 99
1410 Waterloo · WallonieSee on map

Latest accounts

31/12/2025

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 46900Non-specialised wholesale trade 46900Non-specialised wholesale trade

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Revenue	812,4 k €	+12.5%	722,2 k €	+3.9%	694,8 k €	-10.4%	775,6 k €	+7.4%	722,1 k €	-18.5%	885,7 k €	+25.0%	708,8 k €	-0.5%	712,5 k €	+15.7%	615,5 k €	+24.6%	494,1 k €	+18.2%	418,2 k €	-12.8%	479,3 k €	+10.0%	435,6 k €	+108%	209,2 k €
EBITDA	187,7 k €	+15.3%	162,8 k €	+0.2%	162,5 k €	-14.5%	190 k €	+1.8%	186,6 k €	-34.0%	282,8 k €	+78.5%	158,5 k €	-15.8%	188,2 k €	+105%	91,7 k €	+7.4%	85,4 k €	+96.4%	43,5 k €	+243%	12,7 k €	-65.6%	36,9 k €	+22.6%	30,1 k €
Operating result	167,5 k €	+17.5%	142,5 k €	+48.0%	96,3 k €	-17.5%	116,7 k €	+12.2%	104 k €	-56.1%	236,7 k €	+127%	104 k €	-26.2%	141,1 k €	+121%	63,7 k €	+0.8%	63,2 k €	+95.2%	32,4 k €	+542%	-7,3 k €	-137%	19,7 k €	-20.2%	24,7 k €
Net result	64,3 k €	-13.3%	74,2 k €	+82.0%	40,8 k €	+139%	-103,9 k €	-367%	38,9 k €	-67.9%	121,4 k €	+67.2%	72,6 k €	-36.4%	114,2 k €	+197%	38,5 k €	-2.5%	39,5 k €	+77.2%	22,3 k €	+325%	-9,9 k €	-181%	12,2 k €	-12.7%	14 k €
Balance sheet
Equity	326,9 k €	+6.3%	307,6 k €	+13.1%	272,1 k €	-9.7%	301,4 k €	-25.6%	405,3 k €	+10.6%	366,4 k €	+33.8%	273,8 k €	+36.1%	201,2 k €	+131%	87 k €	+30.4%	66,7 k €	+25.9%	53 k €	+3.4%	51,3 k €	-16.2%	61,2 k €	+24.9%	49 k €
Total assets	503,1 k €	+2.1%	493 k €	-7.8%	535 k €	-13.3%	617,2 k €	-24.2%	814,5 k €	-3.3%	841,9 k €	+49.9%	561,7 k €	+32.6%	423,5 k €	+81.5%	233,3 k €	+29.4%	180,3 k €	+16.5%	154,8 k €	-10.6%	173,1 k €	-24.4%	229,1 k €	+86.3%	122,9 k €
Cash	95,4 k €	-19.4%	118,3 k €	+39.0%	85,1 k €	+164%	32,3 k €	-59.9%	80,4 k €	+252%	22,9 k €	-49.9%	45,6 k €	+50.7%	30,2 k €	-38.6%	49,3 k €	+68.8%	29,2 k €	-7.9%	31,7 k €	+233%	9,5 k €	+84.2%	5,2 k €	-43.0%	9,1 k €
Debts	176,1 k €	-5.0%	185,4 k €	-29.5%	262,9 k €	-16.8%	315,8 k €	-22.8%	409,1 k €	-14.0%	475,5 k €	+65.2%	287,9 k €	+29.5%	222,3 k €	+51.9%	146,3 k €	+28.8%	113,6 k €	+11.6%	101,8 k €	-13.6%	117,8 k €	-28.1%	163,9 k €	+122%	74 k €
Other
Workforce	–		–		–		1,0 ETP		–		–		–		–		–		–		2,0 ETP	-20.0%	2,5 ETP	+47.1%	1,7 ETP	+112%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

Olivier MERVEILLE

Manager · since 01 janvier 2018

Active

David PANAGIOTIDIS

Manager · since 09 septembre 2015

Active

Ended mandates

Olivier MERVEILLE

Mandate

Ended

Roland CHEVALIER

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
RASPÉ INSURANCE● Active	1033.340.406
Team Brokers● Active	0737.668.568

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged 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	20/08/2026	08/08/2025	16/08/2024	10/08/2023	01/07/2022	13/08/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	26/05/2022	26/05/2021
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
Micro model	31/12/2025	19/05/2026	20/08/2026	French	PDF
Micro model	31/12/2024	20/05/2025	08/08/2025	French	PDF
Micro model	31/12/2023	21/05/2024	16/08/2024	French	PDF
Abridged model	31/12/2022	16/05/2023	10/08/2023	French	PDF
Micro model	31/12/2021	26/05/2022	01/07/2022	French	PDF
Micro model	31/12/2020	26/05/2021	13/08/2021	French	PDF
Micro model	31/12/2019	26/05/2020	29/06/2020	French	PDF
Micro model	31/12/2018	16/05/2019	30/08/2019	French	PDF
Micro model	31/12/2017	16/05/2018	17/08/2018	French	PDF
Micro model	31/12/2016	16/05/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	24/08/2016	French	PDF
Abridged model	31/12/2014	19/05/2015	20/08/2015	French	PDF
Abridged modelCorrection	31/12/2013	22/07/2014	27/08/2014	French	PDF
Abridged model	31/12/2013	31/05/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	02/07/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 ended

Active mandates

Olivier MERVEILLE

Manager · since 01 janvier 2018

Active

David PANAGIOTIDIS

Manager · since 09 septembre 2015

Active

Ended mandates

Olivier MERVEILLE

Mandate

Ended

Roland CHEVALIER

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/12/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office13/09/2018
SIEGE SOCIAL
PDF
Mandates09/01/2018
OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates18/09/2015
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other29/02/2012
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 202564,3 k €↓
2024
Annual accounts 202474,2 k €↑
2023
Annual accounts 202340,8 k €↑
2022
Annual accounts 2022-103,9 k €↓
2021
Annual accounts 202138,9 k €↓
2020
Annual accounts 2020121,4 k €↑
2019
Annual accounts 201972,6 k €↓
2018
Annual accounts 2018114,2 k €↑
2017
Annual accounts 201738,5 k €↓
2016
Annual accounts 201639,5 k €↑
2015
Annual accounts 201522,3 k €↑
2014
Annual accounts 2014-9,9 k €↓
2013
Annual accounts 201312,2 k €↓
2012
Annual accounts 201214 k €
15/02/2012
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

STYLEPHARMA

Overview

What does STYLEPHARMA 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