ACTIVE

Pharma Force

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Financial year 2024 · closed on 31/12/2024

Net result

1,9 M €

-12.9% YoY

Revenue

23,1 M €

-5.2% YoY

Equity

11,2 M €

+20.7% YoY

Workforce

105,4 ETP

-0.7% YoY

What does Pharma Force do?

Pharma Force is a Public limited company incorporated in 2003. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Gent. It employs on average 105,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.585.888

Incorporation

08/07/2003

Legal form

Public limited company

Registered office

Poortakkerstraat 41G
9051 Gent · FlandreSee on map

Contributed capital

24 370 656,00 €

Latest accounts

31/12/2024

Average workforce

105,4 ETP

Activities (NACE)

47730Dispensing chemist in specialised stores· main 47730Dispensing chemist in specialised stores 52310Warehousing and support activities for transportation

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2010		2009		2008		2007		2006
Income statement
Revenue	23,1 M €	-5.2%	24,4 M €	+2.4%	23,8 M €	-7.1%	25,6 M €	-1.5%	26 M €	+8.1%	24,1 M €	+8.8%	22,1 M €	-3.3%	22,9 M €	+70.9%	13,4 M €	-51.8%	27,8 M €	-11.3%	31,3 M €	-19.4%	38,9 M €	+3.4%	37,6 M €
EBITDA	2,7 M €	-13.0%	3,1 M €	-13.1%	3,5 M €	-29.4%	5 M €	-8.9%	5,5 M €	+52.6%	3,6 M €	+262%	991,5 k €	+211%	-890,8 k €	+64.4%	-2,5 M €	+0.6%	-2,5 M €	-8.1%	-2,3 M €	-1265%	-170,3 k €	-114%	1,2 M €
Operating result	2,1 M €	-17.7%	2,5 M €	-18.0%	3,1 M €	-33.1%	4,6 M €	-9.7%	5,1 M €	+57.5%	3,2 M €	+671%	416,4 k €	+124%	-1,7 M €	+44.3%	-3,1 M €	-0.9%	-3 M €	+5.9%	-3,2 M €	-4699%	70 k €	-69.3%	228,2 k €
Net result	1,9 M €	-12.9%	2,2 M €	-22.0%	2,8 M €	-33.2%	4,3 M €	-3.9%	4,4 M €	+43.1%	3,1 M €	+1478%	196,3 k €	+110%	-2 M €	+44.0%	-3,7 M €	-4.4%	-3,5 M €	-118%	-1,6 M €	-800%	-178,8 k €	-577%	37,5 k €
Balance sheet
Equity	11,2 M €	+20.7%	9,3 M €	+31.2%	7,1 M €	+66.8%	4,3 M €	+235100%	-1,8 k €	+100.0%	-4,4 M €	+41.1%	-7,5 M €	+2.5%	-7,7 M €	-1052%	-670,9 k €	+77.7%	-3 M €	-716%	489,1 k €	+399%	98 k €	-64.6%	276,8 k €
Total assets	15,7 M €	+9.9%	14,3 M €	-6.3%	15,3 M €	+7.9%	14,2 M €	-7.5%	15,3 M €	+10.6%	13,8 M €	+56.8%	8,8 M €	-7.9%	9,6 M €	-54.1%	20,9 M €	+33.8%	15,6 M €	+7.8%	14,5 M €	-25.3%	19,4 M €	+13.7%	17,1 M €
Cash	140,9 k €	-2.1%	143,9 k €	-46.1%	266,7 k €	-23.6%	349,1 k €	+78.2%	195,9 k €	+124%	87,3 k €	+116%	40,4 k €	-10.5%	45,2 k €	-97.5%	1,8 M €	+39.5%	1,3 M €	-22.7%	1,7 M €	+81.8%	912,1 k €	+582%	133,7 k €
Debts	4,5 M €	-10.2%	5 M €	-38.8%	8,2 M €	-17.4%	9,9 M €	-35.3%	15,3 M €	-16.1%	18,3 M €	+11.7%	16,3 M €	-4.6%	17,1 M €	-17.8%	20,9 M €	+14.1%	18,3 M €	+34.8%	13,6 M €	-29.8%	19,3 M €	+15.1%	16,8 M €
Other
Workforce	105,4 ETP	-0.7%	106,1 ETP	-0.4%	106,5 ETP	-5.8%	113,0 ETP	+5.5%	107,1 ETP	+8.2%	99,0 ETP	+20.3%	82,3 ETP	+6.6%	77,2 ETP	+9.2%	70,7 ETP	+1.9%	69,4 ETP	+32.7%	52,3 ETP	+14.4%	45,7 ETP	-0.4%	45,9 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 31/12/2024 · 1 active · 35 ended

Active mandates

peeters mathieu management

Managing director · since 19 décembre 2019 · 0876.728.461

Represented by Mathieu Peeters

Active

Ended mandates

Mathieu Peeters

Managing director · since 13 juillet 2018 · until 13 juillet 2024

Ended

Mathieu Peeters (ONTSLAG)

Director · since 13 juillet 2018 · until 20 décembre 2019

Ended

Oswald Anné

Director · since 13 juillet 2018 · until 13 juillet 2024

Ended

Oswald Anné ( ONTSLAG )

Director · since 13 juillet 2018 · until 17 octobre 2019

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/06/2025	31/07/2024	11/07/2023	24/06/2022	27/08/2021	27/08/2021
General meeting	14/06/2025	28/06/2024	30/06/2023	20/05/2022	25/08/2021	25/08/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	14/06/2025	23/06/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	11/07/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	24/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	25/08/2021	27/08/2021	Dutch	PDF
Full model	31/12/2020	10/06/2021	24/06/2021	Dutch	PDF
Full modelCorrection	31/12/2019	25/08/2021	27/08/2021	Dutch	PDF
Full model	31/12/2019	07/07/2020	20/07/2020	Dutch	PDF
Full model	31/12/2018	26/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	20/07/2018	Dutch	PDF
Full model	31/12/2016	05/10/2017	09/10/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	04/07/2016	Dutch	PDF
Full model	31/12/2014	31/08/2015	14/09/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	07/08/2014	Dutch	PDF
Full model	31/12/2012	25/10/2013	13/12/2013	Dutch	PDF
Full model	31/12/2011	26/09/2012	27/09/2012	Dutch	PDF
Full model	30/06/2010	10/06/2011	04/10/2011	Dutch	PDF
Full model	31/12/2009	14/07/2010	29/10/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	10/08/2009	Dutch	PDF
Full model	31/12/2007	03/09/2008	06/10/2008	Dutch	PDF
Full model	31/12/2006	31/08/2007	28/09/2007	Dutch	PDF
Full modelCorrection	31/12/2005	08/11/2006	30/03/2007	Dutch	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 31/12/2024 · 1 active · 35 ended

Active mandates

peeters mathieu management

Managing director · since 19 décembre 2019 · 0876.728.461

Represented by Mathieu Peeters

Active

Ended mandates

Mathieu Peeters

Managing director · since 13 juillet 2018 · until 13 juillet 2024

Ended

Mathieu Peeters (ONTSLAG)

Director · since 13 juillet 2018 · until 20 décembre 2019

Ended

Oswald Anné

Director · since 13 juillet 2018 · until 13 juillet 2024

Ended

Oswald Anné ( ONTSLAG )

Director · since 13 juillet 2018 · until 17 octobre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2020
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2017
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 20241,9 M €↓
2023
Annual accounts 20232,2 M €↓
2022
Annual accounts 20222,8 M €↓
2021
Annual accounts 20214,3 M €↓
2020
Annual accounts 20204,4 M €↑
2019
Annual accounts 20193,1 M €↑
2018
Annual accounts 2018196,3 k €↑
2017
Annual accounts 2017-2 M €↑
2017
Name changePharma Force
2010
Annual accounts 2010-3,7 M €↓
2009
Annual accounts 2009-3,5 M €↓
2008
Annual accounts 2008-1,6 M €↓
2007
Annual accounts 2007-178,8 k €↓
2006
Annual accounts 200637,5 k €
2006
Name changePATRONA PHARMA GROUP
08/07/2003
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

Pharma Force

Overview

What does Pharma Force do?

Trend over 13 financial years

Indicative valuation

Board of directors

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