ACTIVE

DEN APOTHEKER

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Financial year 2025 · closed on 31/12/2025

Net result

120,1 k €

-22.9% YoY

Gross margin

250,3 k €

-1.5% YoY

Equity

1,2 M €

0.0% YoY

Workforce

0,0 ETP

What does DEN APOTHEKER do?

DEN APOTHEKER is a Private limited company incorporated in 2004. Its registered office is in Boutersem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.130.609

Incorporation

08/09/2004

Legal form

Private limited company

Registered office

Leuvensesteenweg 296
3370 Boutersem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (1)

31300

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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	250,3 k €	-1.5%	254,1 k €	+25.0%	203,3 k €	-3.8%	211,2 k €	+63.0%	129,6 k €	-56.9%	300,7 k €	+40.5%	214 k €	-2.3%	219,1 k €	-13.0%	251,9 k €	-6.4%	269,1 k €	+24.5%	216,1 k €	-6.4%	230,9 k €	-6.8%	247,8 k €	-19.4%	307,5 k €	-4.3%	321,5 k €	-1.4%	325,9 k €	-5.9%	346,3 k €	+24.5%	278,2 k €	+18.9%	234 k €
EBITDA	180,2 k €	-18.9%	222,1 k €	+28.1%	173,3 k €	-4.2%	180,9 k €	+72.6%	104,8 k €	-64.8%	297,3 k €	+41.3%	210,3 k €	-2.3%	215,4 k €	-12.8%	247 k €	-4.4%	258,3 k €	+24.6%	207,3 k €	+5.7%	196,1 k €	-19.4%	243,3 k €	-1.9%	248 k €	-2.2%	253,5 k €	-4.4%	265,3 k €	-6.4%	283,3 k €	+32.3%	214,2 k €	+26.3%	169,5 k €
Operating result	164,6 k €	-22.4%	212,1 k €	+29.7%	163,6 k €	-5.8%	173,6 k €	+87.2%	92,8 k €	-58.4%	223,1 k €	+78.6%	124,9 k €	-4.7%	131 k €	-22.8%	169,7 k €	-7.8%	184,2 k €	+48.2%	124,2 k €	+30.1%	95,5 k €	-29.8%	136,1 k €	-3.6%	141,2 k €	-6.5%	151 k €	-21.3%	192 k €	-20.8%	242,4 k €	+40.3%	172,7 k €	+77.5%	97,3 k €
Net result	120,1 k €	-22.9%	155,8 k €	-3.2%	161 k €	-5.7%	170,8 k €	+23.5%	138,3 k €	-23.8%	181,6 k €	+141%	75,4 k €	-13.3%	87,1 k €	-16.2%	103,9 k €	+31.2%	79,2 k €	-0.1%	79,3 k €	+29.1%	61,4 k €	-40.2%	102,7 k €	-16.0%	122,3 k €	+34.9%	90,7 k €	-20.1%	113,4 k €	-31.7%	166 k €	+45.2%	114,3 k €	+59.6%	71,6 k €
Balance sheet
Equity	1,2 M €	0.0%	1,2 M €	0.0%	1,2 M €	+0.1%	1,2 M €	+0.5%	1,2 M €	+13.1%	1,1 M €	+5.5%	1 M €	+1.4%	988 k €	-16.0%	1,2 M €	+9.7%	1,1 M €	+8.0%	992,8 k €	+4.9%	946,5 k €	+6.9%	885,1 k €	+8.9%	812,9 k €	+17.7%	690,6 k €	+15.1%	599,9 k €	+23.3%	486,5 k €	+41.2%	344,5 k €	+49.7%	230,1 k €
Total assets	1,7 M €	+16.0%	1,5 M €	+0.9%	1,4 M €	+0.6%	1,4 M €	+13.6%	1,3 M €	-22.2%	1,6 M €	+10.4%	1,5 M €	+3.8%	1,4 M €	+1.4%	1,4 M €	+1.5%	1,4 M €	+2.8%	1,3 M €	+3.5%	1,3 M €	-4.7%	1,4 M €	+7.1%	1,3 M €	-3.9%	1,3 M €	-5.4%	1,4 M €	+68.9%	824,3 k €	+20.3%	685,3 k €	+20.4%	569,4 k €
Cash	258,2 k €	+33.4%	193,6 k €	+33.6%	144,9 k €	-37.2%	230,6 k €	-65.4%	666,6 k €	+2.8%	648,2 k €	-3.5%	671,5 k €	+17.8%	569,9 k €	-19.4%	707,1 k €	-15.4%	835,8 k €	+17.3%	712,7 k €	+28.5%	554,7 k €	+3.0%	538,5 k €	+56.8%	343,5 k €	+0.9%	340,4 k €	-45.7%	626,4 k €	+36.5%	458,9 k €	+58.5%	289,5 k €	+77.7%	162,9 k €
Debts	484,9 k €	+93.1%	251,1 k €	+6.9%	234,9 k €	+1.8%	230,6 k €	+277%	61,2 k €	-89.1%	562,8 k €	+21.0%	465,3 k €	+9.6%	424,4 k €	+94.0%	218,7 k €	-27.6%	302,2 k €	-12.1%	343,7 k €	-0.5%	345,2 k €	-26.7%	471 k €	+3.8%	453,6 k €	-27.4%	624,7 k €	-20.9%	790,1 k €	+135%	335,9 k €	-0.9%	338,8 k €	+0.7%	336,3 k €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	0,4 ETP	-33.3%	0,6 ETP	+200%	0,2 ETP		–		–		–		0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP		–		–		0,7 ETP	-50.0%	1,4 ETP	+16.7%	1,2 ETP	0.0%	1,2 ETP	-7.7%	1,3 ETP	0.0%	1,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

FREDERIK GABRIELS

Director · since 01 juillet 2021 · 0849.650.318

Represented by Frederik GABRIELS

Active

Ended mandates

FREDERIK GABRIELS

Director · since 01 juillet 2021 · 0849.650.318

Represented by Frederik Gabriels

Ended

INGRID THIELENS

Director

Ended

INGRID THIELENS

Manager

Ended

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	22/06/2026	24/06/2025	16/07/2024	27/06/2023	14/07/2022	29/07/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	14/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	06/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	13/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	19/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 3 ended

Active mandates

FREDERIK GABRIELS

Director · since 01 juillet 2021 · 0849.650.318

Represented by Frederik GABRIELS

Active

Ended mandates

FREDERIK GABRIELS

Director · since 01 juillet 2021 · 0849.650.318

Represented by Frederik Gabriels

Ended

INGRID THIELENS

Director

Ended

INGRID THIELENS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/11/2018
KAPITAAL - AANDELEN
PDF
Capital / shares30/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office17/05/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other14/09/2005
DIVERSEN
PDF
Other16/09/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025120,1 k €↓
2024
Annual accounts 2024155,8 k €↓
2023
Annual accounts 2023161 k €↓
2022
Annual accounts 2022170,8 k €↑
2021
Annual accounts 2021138,3 k €↓
2020
Annual accounts 2020181,6 k €↑
2020
Name changeDEN APOTHEKER
2019
Annual accounts 201975,4 k €↓
2018
Annual accounts 201887,1 k €↓
2017
Annual accounts 2017103,9 k €↑
2016
Annual accounts 201679,2 k €↓
2015
Annual accounts 201579,3 k €↑
2014
Annual accounts 201461,4 k €↓
2013
Annual accounts 2013102,7 k €↓
2012
Annual accounts 2012122,3 k €↑
2011
Annual accounts 201190,7 k €↓
2010
Annual accounts 2010113,4 k €↓
2009
Annual accounts 2009166 k €↑
2008
Annual accounts 2008114,3 k €↑
2007
Annual accounts 200771,6 k €
2007
Name changeAPOTHEEK THIELENS
08/09/2004
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

DEN APOTHEKER

Overview

What does DEN APOTHEKER do?

Trend over 19 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