ACTIVE

PHARMALLIANCE

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Financial year 2025 · closed on 31/12/2025

Net result

43,3 k €

-30.8% YoY

Gross margin

1,2 M €

+37.6% YoY

Equity

1,2 M €

+3.6% YoY

Workforce

13,5 ETP

+6.3% YoY

What does PHARMALLIANCE do?

PHARMALLIANCE is a Public limited company incorporated in 2004. Its registered office is in Lasne. It employs on average 13,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.465.852

Incorporation

28/09/2004

Legal form

Public limited company

Registered office

Rue de la Bachée 84
1380 Lasne · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

13,5 ETP

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,2 M €	+37.6%	886,5 k €	-10.4%	989,8 k €	+4.8%	944,4 k €	-0.6%	949,9 k €	+24.0%	766 k €	-4.7%	803,6 k €	+22.7%	655 k €	-9.1%	720,2 k €	+8.2%	665,4 k €	+25.6%	529,9 k €	+20.0%	441,4 k €	+4.2%	423,6 k €	+2.1%	414,8 k €	-5.8%	440,5 k €	+15.8%	380,3 k €	-14.4%	444,2 k €	+5.1%	422,7 k €	+7.8%	392 k €	+22.2%	320,7 k €
EBITDA	426,4 k €	+39.9%	304,8 k €	-0.9%	307,5 k €	-11.9%	349,2 k €	+0.2%	348,4 k €	+50.2%	231,9 k €	-37.5%	371,2 k €	+35.6%	273,8 k €	-17.3%	331,2 k €	+39.8%	236,9 k €	+6.0%	223,6 k €	+30.2%	171,7 k €	+10.9%	154,8 k €	-16.1%	184,4 k €	+2.9%	179,3 k €	+20.9%	148,4 k €	-32.0%	218,3 k €	+13.6%	192,2 k €	-0.3%	192,8 k €	+15.5%	167 k €
Operating result	230,4 k €	+38.7%	166,1 k €	-20.1%	207,8 k €	-18.8%	255,9 k €	+7.9%	237,2 k €	+99.9%	118,6 k €	-46.9%	223,3 k €	+70.0%	131,4 k €	-39.0%	215,5 k €	+137%	91 k €	+29.8%	70,1 k €	-27.4%	96,6 k €	+21.4%	79,5 k €	-13.2%	91,6 k €	+14.6%	79,9 k €	+113%	37,6 k €	-49.2%	73,9 k €	+89.7%	39 k €	+1.9%	38,2 k €	-34.8%	58,7 k €
Net result	43,3 k €	-30.8%	62,6 k €	-69.8%	207,4 k €	+3.1%	201,1 k €	-29.5%	285,3 k €	+229%	86,6 k €	-61.6%	225,7 k €	+141%	93,5 k €	-70.7%	318,7 k €	+310%	77,8 k €	+46.5%	53,1 k €	-34.3%	80,8 k €	+35.0%	59,8 k €	-20.9%	75,6 k €	+40.4%	53,9 k €	+261%	14,9 k €	-66.5%	44,5 k €	+664%	5,8 k €	-44.8%	10,6 k €	-65.7%	30,8 k €
Balance sheet
Equity	1,2 M €	+3.6%	1,2 M €	+5.5%	1,1 M €	+14.8%	996,4 k €	+16.5%	855,3 k €	+35.8%	630 k €	+5.3%	598,4 k €	+32.2%	452,7 k €	+13.4%	399,2 k €	+99.1%	200,5 k €	+19.5%	167,7 k €	+8.5%	154,6 k €	+15.5%	133,9 k €	+7.9%	124,1 k €	+0.5%	123,5 k €	+12.6%	109,6 k €	+15.7%	94,7 k €	+26.0%	75,2 k €	+8.4%	69,4 k €	+3.8%	66,8 k €
Total assets	6,4 M €	-1.6%	6,5 M €	+2.8%	6,3 M €	+53.0%	4,1 M €	+8.9%	3,8 M €	+4.3%	3,6 M €	-4.1%	3,8 M €	-6.0%	4 M €	+7.3%	3,8 M €	-1.0%	3,8 M €	+88.1%	2 M €	+50.8%	1,3 M €	-3.8%	1,4 M €	-4.5%	1,5 M €	+14.3%	1,3 M €	-4.1%	1,3 M €	-1.2%	1,3 M €	-0.9%	1,4 M €	-8.9%	1,5 M €	+33.3%	1,1 M €
Cash	68,3 k €	-46.6%	127,9 k €	+10.1%	116,1 k €	+2.5%	113,3 k €	+4.1%	108,8 k €	-23.2%	141,6 k €	-44.9%	257 k €	-2.9%	264,6 k €	+22.3%	216,3 k €	+34.7%	160,6 k €	+10.2%	145,7 k €	+17.2%	124,4 k €	+137%	52,4 k €	-35.0%	80,7 k €	-9.9%	89,6 k €	-24.4%	118,5 k €	-41.7%	203,5 k €	+114%	95 k €	+40.4%	67,6 k €	+203%	22,3 k €
Debts	5,1 M €	-2.8%	5,3 M €	+2.2%	5,2 M €	+65.2%	3,1 M €	+6.8%	2,9 M €	-2.4%	3 M €	-5.9%	3,2 M €	-10.6%	3,6 M €	+6.3%	3,4 M €	-6.5%	3,6 M €	+94.4%	1,8 M €	+56.3%	1,2 M €	-5.8%	1,3 M €	-5.6%	1,3 M €	+15.7%	1,1 M €	-5.7%	1,2 M €	-2.2%	1,2 M €	-2.5%	1,3 M €	-9.7%	1,4 M €	+34.8%	1 M €
Other
Workforce	13,5 ETP	+6.3%	12,7 ETP	+14.4%	11,1 ETP	+15.6%	9,6 ETP	-10.3%	10,7 ETP	-10.8%	12,0 ETP	+16.5%	10,3 ETP	+32.1%	7,8 ETP	-15.2%	9,2 ETP	+12.2%	8,2 ETP	+34.4%	6,1 ETP	-4.7%	6,4 ETP	0.0%	6,4 ETP	+18.5%	5,4 ETP	-1.8%	5,5 ETP	-9.8%	6,1 ETP	+8.9%	5,6 ETP	0.0%	5,6 ETP	+12.0%	5,0 ETP	+4.2%	4,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

BLUESTONE

Managing director · since 02 septembre 2016 · until 02 septembre 2029 · 0473.173.918

Represented by RANSART PAUL

Active

JEAN-CLAUDE MAHIEU

Director · since 02 septembre 2016 · until 02 septembre 2029

Active

LENANS

Managing director · since 02 septembre 2016 · until 02 septembre 2029 · 0433.113.116

Represented by MAHIEU NATHALIE

Active

Ended mandates

BLUESTONE

Managing director · since 02 septembre 2022 · 0473.173.918

Represented by Paul Ransart

Ended

Jean-Claude MAHIEU

Director · since 02 septembre 2022

Ended

LENANS

Managing director · since 02 septembre 2022 · 0433.113.116

Represented by Nathalie Mahieu

Ended

BLUESTONE

Managing director · since 02 septembre 2016 · 0473.173.918

Represented by Paul Ransart

Ended

At this address

Other companies at this address

Company	CBE no.
SWAKOPMUND● Active	0888.050.242
TAMIPHAR● Active	0443.793.509

Annual accounts

Full financial information

	2025	2024	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/12/2025	31/12/2024	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	9 months	12 months	12 months	12 months	12 months
Filing date	22/08/2026	21/10/2025	02/12/2024	30/11/2023	03/11/2022	02/11/2021
General meeting	15/08/2026	20/10/2025	26/11/2024	27/11/2023	02/11/2022	03/09/2021
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	15/08/2026	22/08/2026	French	PDF
Abridged model	31/12/2024	20/10/2025	21/10/2025	French	PDF
Abridged model	31/03/2024	26/11/2024	02/12/2024	French	PDF
Abridged model	31/03/2023	27/11/2023	30/11/2023	French	PDF
Abridged model	31/03/2022	02/11/2022	03/11/2022	French	PDF
Abridged model	31/03/2021	03/09/2021	02/11/2021	French	PDF
Abridged model	31/03/2020	04/09/2020	16/11/2020	French	PDF
Abridged model	31/03/2019	06/09/2019	31/10/2019	French	PDF
Abridged model	31/03/2018	07/09/2018	02/11/2018	French	PDF
Abridged model	31/03/2017	01/09/2017	30/10/2017	French	PDF
Abridged model	31/03/2016	02/09/2016	31/10/2016	French	PDF
Abridged model	31/03/2015	04/09/2015	01/10/2015	French	PDF
Abridged model	31/03/2014	15/01/2015	17/02/2015	French	PDF
Abridged model	31/03/2013	28/12/2013	07/01/2014	French	PDF
Abridged model	31/03/2012	07/09/2012	15/11/2012	French	PDF
Abridged model	31/03/2011	02/09/2011	14/12/2011	French	PDF
Abridged model	31/03/2010	03/09/2010	01/03/2011	French	PDF
Abridged model	31/03/2009	26/03/2010	31/03/2010	French	PDF
Abridged model	31/03/2008	05/09/2008	28/02/2009	French	PDF
Abridged model	31/03/2007	07/09/2007	06/12/2007	French	PDF
Abridged model	31/03/2006	01/09/2006	30/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

BLUESTONE

Managing director · since 02 septembre 2016 · until 02 septembre 2029 · 0473.173.918

Represented by RANSART PAUL

Active

JEAN-CLAUDE MAHIEU

Director · since 02 septembre 2016 · until 02 septembre 2029

Active

LENANS

Managing director · since 02 septembre 2016 · until 02 septembre 2029 · 0433.113.116

Represented by MAHIEU NATHALIE

Active

Ended mandates

BLUESTONE

Managing director · since 02 septembre 2022 · 0473.173.918

Represented by Paul Ransart

Ended

Jean-Claude MAHIEU

Director · since 02 septembre 2022

Ended

LENANS

Managing director · since 02 septembre 2022 · 0433.113.116

Represented by Nathalie Mahieu

Ended

BLUESTONE

Managing director · since 02 septembre 2016 · 0473.173.918

Represented by Paul Ransart

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other15/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - OBJET - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates12/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates29/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates21/02/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2007
DEMISSIONS, NOMINATIONS
PDF
Other07/10/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202543,3 k €↓
2024
Annual accounts 202462,6 k €↓
2024
Annual accounts 2024207,4 k €↑
2023
Annual accounts 2023201,1 k €↓
2022
Annual accounts 2022285,3 k €↑
2021
Annual accounts 202186,6 k €↓
2020
Annual accounts 2020225,7 k €↑
2019
Annual accounts 201993,5 k €↓
2018
Annual accounts 2018318,7 k €↑
2017
Annual accounts 201777,8 k €↑
2016
Annual accounts 201653,1 k €↓
2015
Annual accounts 201580,8 k €↑
2014
Annual accounts 201459,8 k €↓
2013
Annual accounts 201375,6 k €↑
2012
Annual accounts 201253,9 k €↑
2011
Annual accounts 201114,9 k €↓
2010
Annual accounts 201044,5 k €↑
2009
Annual accounts 20095,8 k €↓
2008
Annual accounts 200810,6 k €↓
2007
Annual accounts 200730,8 k €
28/09/2004
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

PHARMALLIANCE

Overview

What does PHARMALLIANCE do?

Trend over 20 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