ACTIVE

Titamed

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Financial year 2025 · closed on 31/12/2025

Net result

642,5 k €

+9.6% YoY

Gross margin

1,4 M €

+10.2% YoY

Equity

462,9 k €

+10.1% YoY

Workforce

6,1 ETP

+13.0% YoY

What does Titamed do?

Titamed is a Private limited company incorporated in 2004. Its main activity is: Manufacture of pharmaceutical preparations. Its registered office is in Kontich. It employs on average 6,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.408.156

Incorporation

16/07/2004

Legal form

Private limited company

Registered office

Mechelsesteenweg 297 box F
2550 Kontich · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

6,1 ETP

Activities (NACE)

21209Manufacture of pharmaceutical preparations· main 21209Manufacture of pharmaceutical preparations 32500Manufacture of medical and dental instruments and supplies 32500Manufacture of medical and dental instruments and supplies

Joint committees (5)

111
149
14904
201
209

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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		2019		2018		2017		2016		2015		2013		2012		2011		2006
Income statement
Gross margin	1,4 M €	+10.2%	1,3 M €	+14.4%	1,1 M €	+19.5%	915,5 k €	+20.0%	762,8 k €	+11.3%	685,3 k €	+33.8%	512 k €	+28.6%	398,2 k €	+19.8%	332,3 k €	+11.7%	297,5 k €	+29.6%	229,5 k €	-37.2%	365,8 k €	-24.3%	483,4 k €	+119%	220,3 k €
EBITDA	936,8 k €	+8.4%	864 k €	+5.3%	820,7 k €	+16.3%	705,5 k €	+31.7%	535,8 k €	+17.6%	455,7 k €	+13.2%	402,5 k €	+33.8%	300,7 k €	+9.7%	274,1 k €	+9.9%	249,3 k €	+35.2%	184,3 k €	-42.8%	322 k €	-28.7%	451,7 k €	+113%	212 k €
Operating result	855,6 k €	+9.5%	781,5 k €	+4.9%	744,9 k €	+16.9%	637,4 k €	+35.9%	469,1 k €	+29.5%	362,1 k €	-2.9%	373 k €	+70.2%	219,1 k €	-9.5%	242 k €	+40.6%	172,1 k €	+63.1%	105,5 k €	-48.6%	205,2 k €	-49.3%	404,5 k €	+121%	182,8 k €
Net result	642,5 k €	+9.6%	586,3 k €	+5.3%	556,8 k €	+15.7%	481,3 k €	+38.1%	348,4 k €	+38.3%	252 k €	-3.0%	259,9 k €	+78.1%	145,9 k €	-9.3%	160,9 k €	+48.7%	108,2 k €	+58.6%	68,3 k €	-48.1%	131,6 k €	-50.4%	265,2 k €	+125%	117,7 k €
Balance sheet
Equity	462,9 k €	+10.1%	420,4 k €	-33.7%	634 k €	+1.1%	627,3 k €	-2.9%	646 k €	+64.9%	391,7 k €	+0.5%	389,7 k €	0.0%	389,7 k €	-47.6%	743,8 k €	+27.6%	582,9 k €	+33.8%	435,5 k €	+4.4%	417,2 k €	+52.7%	273,3 k €	+3264%	8,1 k €
Total assets	1,4 M €	+4.6%	1,4 M €	-7.2%	1,5 M €	+37.4%	1,1 M €	+17.8%	913,6 k €	+5.2%	868 k €	+18.1%	735 k €	-26.7%	1 M €	+13.7%	882,1 k €	+27.5%	691,6 k €	+24.2%	556,9 k €	-12.9%	639,5 k €	+2.1%	626,2 k €	+19.4%	524,5 k €
Cash	161,8 k €	-17.9%	197,1 k €	-58.6%	475,8 k €	+152%	188,6 k €	+24.9%	151 k €	+41.2%	107 k €	-42.5%	185,9 k €	-61.8%	486,1 k €	+19.7%	406,2 k €	+43.7%	282,8 k €	+182%	100,4 k €	+3.2%	97,3 k €	-52.6%	205,1 k €	+86.2%	110,2 k €
Debts	795,6 k €	+7.8%	738,2 k €	-12.5%	844 k €	+88.2%	448,6 k €	+67.6%	267,6 k €	-43.7%	475,6 k €	+37.8%	345 k €	-43.8%	613,5 k €	+344%	138,3 k €	+27.2%	108,8 k €	-9.5%	120,2 k €	-45.9%	222,2 k €	-36.4%	349,1 k €	-32.1%	514,1 k €
Other
Workforce	6,1 ETP	+13.0%	5,4 ETP	+35.0%	4,0 ETP	+21.2%	3,3 ETP	-13.2%	3,8 ETP	-5.0%	4,0 ETP	+60.0%	2,5 ETP	+4.2%	2,4 ETP	+41.2%	1,7 ETP	+41.7%	1,2 ETP	+33.3%	0,9 ETP	0.0%	0,9 ETP	+12.5%	0,8 ETP	+300%	0,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

FRAMBOOS

Director · 0679.553.294

Represented by Jeroen Van den Bogaert

Active

Lieze Lotte Defrancq

Director

Active

Ended mandates

Lieze Lotte Defrancq

Director · since 01 janvier 2024

Ended

Jeroen Van den Bogaert

Manager · since 18 septembre 2012

Ended

DEFRANCQ

Manager · since 22 décembre 2011 · 0838.095.242

Represented by Lieze Lotte Defrancq

Ended

DEFRANCQ

Manager · since 22 décembre 2011 · 0838.095.242

Represented by Lieze Lotte Defrancq

Ended

At this address

Other companies at this address

Company	CBE no.
Jarent● Active	0794.742.378
Vereniging van Mede-eigenaars van het gebouw K.M.O.-units Mechelsesteenweg 297 te Kontich● Active	0891.953.008

Annual accounts

Full financial information

	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	16/07/2026	29/07/2025	31/08/2024	27/07/2023	25/06/2022	26/07/2021
General meeting	13/06/2026	14/06/2025	08/06/2024	10/06/2023	11/06/2022	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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/06/2026	16/07/2026	Dutch	PDF
Abridged model	31/12/2024	14/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	08/06/2024	31/08/2024	Dutch	PDF
Abridged model	31/12/2022	10/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	11/06/2022	25/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	13/06/2020	07/07/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	10/06/2017	09/08/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	04/08/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	18/08/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	28/08/2013	Dutch	PDF
Abridged modelCorrection	31/12/2011	13/08/2012	03/10/2012	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	07/03/2011	13/05/2011	Dutch	PDF
Abridged model	31/12/2009	24/02/2010	31/03/2010	Dutch	PDF
Abridged model	31/12/2008	01/04/2009	05/06/2009	Dutch	PDF
Abridged model	31/12/2007	08/03/2008	31/03/2008	Dutch	PDF
Abridged model	31/12/2006	14/04/2007	07/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 19 ended

Active mandates

FRAMBOOS

Director · 0679.553.294

Represented by Jeroen Van den Bogaert

Active

Lieze Lotte Defrancq

Director

Active

Ended mandates

Lieze Lotte Defrancq

Director · since 01 janvier 2024

Ended

Jeroen Van den Bogaert

Manager · since 18 septembre 2012

Ended

DEFRANCQ

Manager · since 22 décembre 2011 · 0838.095.242

Represented by Lieze Lotte Defrancq

Ended

DEFRANCQ

Manager · since 22 décembre 2011 · 0838.095.242

Represented by Lieze Lotte Defrancq

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/05/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/11/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2012
MAATSCHAPPELIJKE ZETEL - 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

2025
Annual accounts 2025642,5 k €↑
2024
Annual accounts 2024586,3 k €↑
2023
Annual accounts 2023556,8 k €↑
2022
Annual accounts 2022481,3 k €↑
2021
Annual accounts 2021348,4 k €↑
2019
Annual accounts 2019252 k €↓
2018
Annual accounts 2018259,9 k €↑
2017
Annual accounts 2017145,9 k €↓
2016
Annual accounts 2016160,9 k €↑
2015
Annual accounts 2015108,2 k €↑
2013
Annual accounts 201368,3 k €↓
2012
Annual accounts 2012131,6 k €↓
2011
Annual accounts 2011265,2 k €↑
2006
Annual accounts 2006117,7 k €
16/07/2004
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

Titamed

Overview

What does Titamed 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