ACTIVE

Multipharma

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Financial year 2025 · Closed on 31/12/2025

Net result-2,9 M €-248,7 %over 1 year
Revenue580,8 M €+5,7 %over 1 year
Equity128,1 M €+33,8 %over 1 year
Workforce1 522,8 ETP+1,1 %over 1 year

Identity

Source · BCE/KBO

Multipharma is a Cooperative society incorporated in 2004. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Anderlecht. It employs on average 1 522,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0866.855.346
Incorporation
19/08/2004
Legal form
Cooperative society
Registered office
Square Marie Curie 30
1070 Anderlecht · BruxellesSee on map
Contributed capital
104 262 664,00 €
Latest accounts
31/12/2025
Average workforce
1 522,8 ETP
Joint committees (2)
  • 313
  • 321
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 24 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue580,8 M €549,7 M €517,1 M €490 M €472,9 M €
EBITDA10,8 M €11,2 M €13,2 M €20,4 M €21,6 M €
Operating result-250,4 k €1,5 M €2,4 M €9,6 M €11,6 M €
Net result-2,9 M €-819,2 k €712,9 k €5 M €7,2 M €
Balance sheet
Equity128,1 M €95,7 M €96,5 M €96 M €90,4 M €
Total assets274,3 M €188,5 M €192,8 M €192,8 M €187,8 M €
Cash27,9 M €13,3 M €18,3 M €23,8 M €17,8 M €
Debts139,4 M €87,2 M €90,1 M €89,7 M €90,6 M €
Other
Workforce1 522,8 ETP1 505,8 ETP1 517,1 ETP1 531,1 ETP1 523,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 7 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jimmy SCHEVERNELS
Director08/06/2017 → 08/06/2028
Johan DEKENS
Director14/06/2018 → 08/06/2028
Martine MAGNEE
Director10/11/2015 → 08/06/2028
Michel LUTTGENS
Chairman of the board of directors12/06/2025 → 08/06/2028
Geert REYNIERS
Managing director01/01/2021 → 10/06/2027
Hans HEYNDELS
Director01/01/2021 → 10/06/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Francis COLARIS
Chairman of the board of directors01/01/2021 → 2024 accounts
Hilde VERNAILLEN
Chairman of the board of directors14/06/2019 → 2020 accounts

Other companies at this address

Square Marie Curie 30 1070 Anderlecht
CompanyCBE no.
APOTEEK HANCOUR● Active
0404.302.136
Apoteek Jespers - Cuijpers● Active
0440.256.175
APOTEEK P. Sergeant● Active
0454.105.203
APOTHEEK VANDYCK● Active
0458.570.666
APOTHEEK VUNCKX-PEETERS● Active
0897.964.137
DE ZEVEN HOEKEN● Active
0461.480.369
DLA● Active
0639.768.151
Goed Aalter● Active
0808.051.471
HANCOUR PHARMAPLUS● Active
0736.781.217
HANCOUR PHARMASERVICE● Active
0806.261.921
MULTIPHARMA GROUP● Active
0401.995.516
Office des sociétés coopératives de grossistes pharmaceutiques et de pharmacies - Vereniging van coöperatieve vennootschappen van farmaceutische groothandelaars en apotheken● Active
0406.518.090
Popelin Apotheken● Active
1004.967.609
TALPA FARMA● Active
0686.929.353

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/10/202623/06/202530/12/202402/08/202322/06/202211/08/2021
General meeting11/06/202612/06/202513/06/202408/06/202309/06/202210/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 24 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full modelCorrection31/12/202511/06/202614/10/2026FrenchPDF
Full model31/12/202511/06/202625/06/2026FrenchPDF
Full model31/12/202412/06/202523/06/2025FrenchPDF
Full modelCorrection31/12/202313/06/202430/12/2024FrenchPDF
Full model31/12/202313/06/202417/07/2024FrenchPDF
Full model31/12/202208/06/202302/08/2023FrenchPDF
Full model31/12/202109/06/202222/06/2022FrenchPDF
Full model31/12/202010/06/202111/08/2021FrenchPDF
Full modelCorrection31/12/201911/06/202027/10/2020FrenchPDF
Full model31/12/201911/06/202002/07/2020FrenchPDF
Full modelCorrection31/12/201813/06/201927/08/2019FrenchPDF
Full model31/12/201813/06/201927/06/2019FrenchPDF
Full model31/12/201714/06/201813/07/2018FrenchPDF
Full model31/12/201608/06/201720/06/2017FrenchPDF
Full model31/12/201509/06/201616/06/2016FrenchPDF
Full model30/06/201507/10/201520/10/2015FrenchPDF
Abridged model30/06/201401/08/201411/08/2014FrenchPDF
Abridged model30/06/201307/12/201310/12/2013FrenchPDF
Abridged model30/06/201201/12/201203/12/2012FrenchPDF
Abridged model30/06/201116/12/201104/01/2012FrenchPDF
Abridged model30/06/201004/12/201006/12/2010FrenchPDF
Abridged model30/06/200905/12/200907/12/2009FrenchPDF
Abridged model30/06/200806/12/200808/12/2008FrenchPDF
Abridged model30/06/200701/12/200713/12/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 7 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jimmy SCHEVERNELS
Director08/06/2017 → 08/06/2028
Johan DEKENS
Director14/06/2018 → 08/06/2028
Martine MAGNEE
Director10/11/2015 → 08/06/2028
Michel LUTTGENS
Chairman of the board of directors12/06/2025 → 08/06/2028
Geert REYNIERS
Managing director01/01/2021 → 10/06/2027
Hans HEYNDELS
Director01/01/2021 → 10/06/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Francis COLARIS
Chairman of the board of directors01/01/2021 → 2024 accounts
Hilde VERNAILLEN
Chairman of the board of directors14/06/2019 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring21/10/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring21/10/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring26/08/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Restructuring26/08/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF
  • Mandates03/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/07/2025
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings18 filings
Mandates
Johan DEKENS
Martine MAGNEE
Michel LUTTGENS
Jimmy SCHEVERNELS
Hans HEYNDELS
Geert REYNIERS
Francis COLARIS
Michel MICHIELS
Hilde VERNAILLEN
PAUL CALLEWAERT
FABIENNE BRYSKERE
MARTIN WILLEMS
2004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028
MultipharmaPHARMACIE GRANDJEAN
Square Marie Curie 30, 1070 Anderlecht
Director
Director
Chairman of the board of directors
Director
Director
Managing director
Chairman of the board of directors
Director
Chairman of the board of directors
Director
Managing director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Square Marie Curie 30, 1070 AnderlechtCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00559826

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
MultipharmaCurrent
accounts 2015 → 2025
Accounts 2025 · 2026-00559826
PHARMACIE GRANDJEAN
accounts 2008 → 2015
Accounts 2015 · 2015-65500045

Events

  1. 2025
    Annual accounts 2025-2,9 M €↓
  2. 12/06/2025
    nominationMichel LÜTTGENS · administrateur
  3. 12/06/2025
    reconductionMartine MAGNEE · administrateur
  4. 12/06/2025
    reconductionJohan DEKENS · administrateur
  5. 12/06/2025
    reconductionJimmy SCHEVERNELS · administrateur
  6. 12/06/2025
    reconductionKPMG Réviseurs d'Entreprises SRL · Commissaire
  7. 12/06/2025
    nominationMichel LÜTTGENS · bestuurder
  8. 12/06/2025
    reconductionMartine MAGNEE · bestuurder
  9. 12/06/2025
    reconductionJohan DEKENS · bestuurder
  10. 12/06/2025
    reconductionJimmy SCHEVERNELS · bestuurder
  11. 12/06/2025
    reconductionKPMG Bedrijfsrevisoren BV · commissaris
  12. 04/02/2025
    nominationGeert REYNIERS · Gedelegeerd bestuurder
  13. 04/02/2025
    nominationAlain BOGAERT · mandataris (Finance & Administration Directeur)
  14. 04/02/2025
    nominationCindy DEWITTE · mandataris (Human Resources Directeur)
  15. 04/02/2025
    nominationJean MAGGIORDOMO · mandataris (Pharmacy Operations Directeur)
  16. 04/02/2025
    nominationRiad BELGUENANI · mandataris
  17. 04/02/2025
    nominationGrégory STENMANS · mandataris
  18. 04/02/2025
    nominationJean VANDENBUSSCHE · mandataris
  19. 2024
    Annual accounts 2024-819,2 k €↓
  20. 24/10/2024
    nominationDelphine HAHAJI · membre du Comité de direction
  21. 24/10/2024
    nominationDelphine HAJAJI · lid van het directiecomité
  22. 13/06/2024
    reconductionGeert REYNIERS · bestuurder
  23. 13/06/2024
    reconductionHans HEYNDELS · bestuurder
  24. 13/06/2024
    reconductionGeert REYNIERS · administrateur
  25. 13/06/2024
    reconductionHans HEYNDELS · administrateur
  26. 01/01/2024
    reconductionGeert REYNIERS · Administrateur délégué
  27. 01/01/2024
    nominationFrancis COLARIS · Président du Conseil d'administration
  28. 2023
    Annual accounts 2023712,9 k €↓
  29. 19/10/2023
    nominationGeert REYNIERS · Administrateur délégué
  30. 19/10/2023
    nominationAlain BOGAERT · Mandataire
  31. 19/10/2023
    nominationCindy DEWITTE · Mandataire
  32. 19/10/2023
    nominationJean MAGGIORDOMO · Mandataire
  33. 19/10/2023
    nominationRiad BELGUENANI · Mandataire
  34. 19/10/2023
    nominationGrégory STENMANS · Mandataire
  35. 19/10/2023
    nominationRomain COLA · Mandataire
  36. 19/10/2023
    nominationGeert REYNIERS · Gedelegeerd bestuurder
  37. 19/10/2023
    nominationAlain BOGAERT · Mandataris
  38. 19/10/2023
    nominationCindy DEWITTE · Mandataris
  39. 19/10/2023
    nominationJean MAGGIORDOMO · Mandataris
  40. 19/10/2023
    nominationRiad BELGUENANI · Mandataris
  41. 19/10/2023
    nominationGrégory STENMANS · Mandataris
  42. 19/10/2023
    nominationRomain COLA · Mandataris
  43. 08/06/2023
    nominationGeert REYNIERS · Gedelegeerd bestuurder
  44. 08/06/2023
    nominationAlain BOGAERT · Mandataris
  45. 08/06/2023
    nominationCindy DEWITTE · Mandataris
  46. 08/06/2023
    nominationJean MAGGIORDOMO · Mandataris
  47. 08/06/2023
    nominationRiad BELGUENANI · Mandataris
  48. 08/06/2023
    nominationGrégory STENMANS · Mandataris
  49. 08/06/2023
    nominationPascale TRICOT · Mandataris
  50. 08/06/2023
    nominationGeert REYNIERS · Administrateur délégué
  51. 08/06/2023
    nominationAlain BOGAERT · Mandataire
  52. 08/06/2023
    nominationCindy DEWITTE · Mandataire
  53. 08/06/2023
    nominationJean MAGGIORDOMO · Mandataire
  54. 08/06/2023
    nominationRiad BELGUENANI · Mandataire
  55. 08/06/2023
    nominationGrégory STENMANS · Mandataire
  56. 08/06/2023
    nominationPascale TRICOT · Mandataire
  57. 06/04/2023
    nominationGeert REYNIERS · Gedelegeerd bestuurder
  58. 06/04/2023
    nominationAlain BOGAERT · Mandataris
  59. 06/04/2023
    nominationCindy DEWITTE · Mandataris
  60. 06/04/2023
    nominationJean MAGGIORDOMO · Mandataris
  61. 06/04/2023
    nominationNisrine BOUCHRIT · Mandataris
  62. 06/04/2023
    nominationGrégory STENMANS · Mandataris
  63. 06/04/2023
    nominationPascale TRICOT · Mandataris
  64. 06/04/2023
    nominationGeert REYNIERS · Administrateur délégué
  65. 06/04/2023
    nominationAlain BOGAERT · Mandataire
  66. 06/04/2023
    nominationCindy DEWITTE · Mandataire
  67. 06/04/2023
    nominationJean MAGGIORDOMO · Mandataire
  68. 06/04/2023
    nominationNisrine BOUCHRIT · Mandataire
  69. 06/04/2023
    nominationGrégory STENMANS · Mandataire
  70. 06/04/2023
    nominationPascale TRICOT · Mandataire
  71. 2022
    Annual accounts 20225 M €↓
  72. 09/06/2022
    reconductionFrancis COLARIS · bestuurder
  73. 09/06/2022
    reconductionJohan DEKENS · bestuurder
  74. 09/06/2022
    reconductionMartine MAGNEE · bestuurder
  75. 09/06/2022
    reconductionJimmy SCHEVERNELS · bestuurder
  76. 09/06/2022
    nominationAxel Jorion · commissaris (vaste vertegenwoordiger)
  77. 09/06/2022
    reconductionFrancis COLARIS · administrateur
  78. 09/06/2022
    reconductionJohan DEKENS · administrateur
  79. 09/06/2022
    reconductionMartine MAGNEE · administrateur
  80. 09/06/2022
    reconductionJimmy SCHEVERNELS · administrateur
  81. 09/06/2022
    nominationKPMG Réviseurs d Entreprises SRL · Commissaire
  82. 24/03/2022
    nominationGeert REYNIERS · Administrateur délégué
  83. 24/03/2022
    nominationAlain BOGAERT · Mandataire
  84. 24/03/2022
    nominationCindy DEWITTE · Mandataire
  85. 24/03/2022
    nominationJean MAGGIORDOMO · Mandataire
  86. 24/03/2022
    nominationIsmaël BOLSONI SIBILA · Mandataire
  87. 24/03/2022
    nominationGrégory STENMANS · Mandataire
  88. 24/03/2022
    nominationPascale TRICOT · Mandataire
  89. 24/03/2022
    nominationGeert REYNIERS · Bestuurder
  90. 24/03/2022
    nominationAlain BOGAERT · Mandataris
  91. 24/03/2022
    nominationCindy DEWITTE · Mandataris
  92. 24/03/2022
    nominationJean MAGGIORDOMO · Mandataris
  93. 24/03/2022
    nominationIsmaël BOLSONI SIBILA · Mandataris
  94. 24/03/2022
    nominationGrégory STENMANS · Mandataris
  95. 24/03/2022
    nominationPascale TRICOT · Mandataris
  96. 2021
    Annual accounts 20217,2 M €↑
  97. 2020
    Annual accounts 20202,9 M €↑
  98. 2019
    Annual accounts 2019-6 M €↓
  99. 2018
    Annual accounts 20182,7 M €↑
  100. 2017
    Annual accounts 2017-50,8 M €↓
  101. 2015
    Annual accounts 20151 €↓
  102. 2015
    Name changeMultipharma
  103. 2015
    Annual accounts 201512,7 k €↑
  104. 2014
    Annual accounts 2014-26,9 k €↓
  105. 2013
    Annual accounts 2013-15,2 k €↑
  106. 2012
    Annual accounts 2012-15,2 k €↑
  107. 2011
    Annual accounts 2011-22,6 k €↓
  108. 2010
    Annual accounts 2010-9 k €↑
  109. 2009
    Annual accounts 2009-9,2 k €↓
  110. 2008
    Annual accounts 20088,2 k €
  111. 19/08/2004
    IncorporationCooperative society