ACTIVE

Geassocieerde Apotheek Merelbeke

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Financial year 2025 · Closed on 31/12/2025

Net result14,3 k €-79,2 %over 1 year

Gross margin396,2 k €-4,8 %over 1 year

Equity86,6 k €+19,7 %over 1 year

Workforce3,8 ETP+8,6 %over 1 year

Identity

Source · BCE/KBO

Geassocieerde Apotheek Merelbeke is a Private limited company incorporated in 2004. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Merelbeke-Melle. It employs on average 3,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0863.057.104
Incorporation: 28/01/2004
Legal form: Private limited company
Registered office: Hundelgemsesteenweg 608
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital: 20 000,00 €
Latest accounts: 31/12/2025
Average workforce: 3,8 ETP

Activities (NACE)

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

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	396,2 k €	-4.8%	416,3 k €	+7.9%	385,8 k €	+2.9%	374,9 k €	+7.2%	349,8 k €
EBITDA	51,5 k €	-47.0%	97,2 k €	+4.1%	93,3 k €	-30.8%	134,9 k €	+43.1%	94,3 k €
Operating result	28,3 k €	-70.4%	95,6 k €	+3.5%	92,3 k €	-31.1%	133,9 k €	+43.0%	93,6 k €
Net result	14,3 k €	-79.2%	68,5 k €	+2.1%	67,1 k €	-44.8%	121,4 k €	+28.9%	94,2 k €
Balance sheet
Equity	86,6 k €	+19.7%	72,3 k €	+1812%	3,8 k €	+106%	-63,3 k €	+65.7%	-184,7 k €
Total assets	588,3 k €	+44.5%	407,2 k €	+7.6%	378,3 k €	+36.0%	278,3 k €	+19.4%	233,1 k €
Cash	10,9 k €	+92.6%	5,7 k €	-93.2%	82,9 k €	+58.6%	52,2 k €	+573%	7,8 k €
Debts	501,7 k €	+49.9%	334,8 k €	-10.6%	374,6 k €	+9.7%	341,6 k €	-18.3%	417,8 k €
Other
Workforce	3,8 ETP	+8.6%	3,5 ETP		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

A. Pirlot

Director · since 30 juin 2024 · until 30 juin 2030

Active

J. Mannaerts

Director · since 16 mai 2022 · until 15 mai 2028

Active

Ended mandates

A. Pirlot

Director · since 22 mai 2018 · until 22 mai 2024

Ended

J. Mannaerts

Director · since 16 mai 2016 · until 16 mai 2022

Ended

A. Pirlot

Director · since 14 mai 2012 · until 14 mai 2018

Ended

A. Pirlot

Director

Ended

Other companies at this address

Hundelgemsesteenweg 608 9820 Merelbeke-Melle

Company	CBE no.
MK TEAM● Active	1026.968.593
STEPHME● Active	0682.941.069

Full financial information

Source · NBB

	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	28/07/2026	30/07/2025	08/08/2024	25/07/2023	27/07/2022	11/06/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	17/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/07/2026	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	27/07/2022	Dutch	PDF
Micro model	31/12/2020	17/05/2021	11/06/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	17/06/2019	Dutch	PDF
Abridged model	31/12/2017	22/05/2018	30/05/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	13/06/2017	Dutch	PDF
Abridged model	31/12/2015	16/05/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	28/05/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	14/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	23/05/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	24/07/2012	Dutch	PDF
Abridged model	30/06/2010	22/12/2010	19/01/2011	Dutch	PDF
Abridged model	30/06/2009	22/12/2009	22/01/2010	Dutch	PDF
Abridged model	30/06/2008	15/12/2008	15/01/2009	Dutch	PDF
Abridged model	30/06/2007	10/12/2007	10/01/2008	Dutch	PDF
Abridged model	30/06/2006	06/12/2006	05/01/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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

2 active · 6 ended

Active mandates

A. Pirlot

Director · since 30 juin 2024 · until 30 juin 2030

Active

J. Mannaerts

Director · since 16 mai 2022 · until 15 mai 2028

Active

Ended mandates

A. Pirlot

Director · since 22 mai 2018 · until 22 mai 2024

Ended

J. Mannaerts

Director · since 16 mai 2016 · until 16 mai 2022

Ended

A. Pirlot

Director · since 14 mai 2012 · until 14 mai 2018

Ended

A. Pirlot

Director

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office11/12/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
PDF
Mandates20/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/10/2012
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 202514,3 k €↓
2024
Annual accounts 202468,5 k €↑
2023
Annual accounts 202367,1 k €↓
2023
Name changeG.A. Merelbeke
2022
Annual accounts 2022121,4 k €↑
2021
Annual accounts 202194,2 k €↑
2021
Name changeGeassocieerde Apotheek Merelbeke (GAM)
2020
Annual accounts 202091,1 k €↑
2019
Annual accounts 201975,8 k €↓
2018
Annual accounts 2018101,9 k €↑
2017
Annual accounts 201750,1 k €↓
2016
Annual accounts 2016102,2 k €↑
2015
Annual accounts 201579,9 k €↑
2014
Annual accounts 201477,8 k €↑
2013
Annual accounts 2013-102 k €↑
2012
Annual accounts 2012-128,6 k €↑
2011
Annual accounts 2011-161 k €↓
2010
Annual accounts 2010-94,6 k €↑
2009
Annual accounts 2009-100,9 k €↓
2008
Annual accounts 2008-54,8 k €↑
2007
Annual accounts 2007-62 k €
28/01/2004
IncorporationPrivate limited company

Geassocieerde Apotheek Merelbeke

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