ACTIVE

INTUITIVE SURGICAL

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Financial year 2025 · closed on 31/12/2025

Net result

458,5 k €

-6.2% YoY

Revenue

16,6 M €

+11.0% YoY

Equity

23,7 M €

+2.0% YoY

Workforce

36,6 ETP

+18.8% YoY

What does INTUITIVE SURGICAL do?

INTUITIVE SURGICAL is a Private limited company incorporated in 2008. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Berchem-Sainte-Agathe. It employs on average 36,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.042.952

Incorporation

18/01/2008

Legal form

Private limited company

Registered office

Avenue Charles-Quint 584
1082 Berchem-Sainte-Agathe · BruxellesSee on map

Contributed capital

20 250 000,00 €

Latest accounts

31/12/2025

Average workforce

36,6 ETP

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 70210Public relations and communication activities 73110Advertising agencies 73110Advertising agencies 73300Advertising and market research+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	16,6 M €	+11.0%	15 M €		–		–		–		–		6,1 M €	+22.7%	5 M €	-4.6%	5,2 M €	+15.4%	4,5 M €	-6.4%	4,8 M €	+30.4%	3,7 M €	+15.4%	3,2 M €	+32.6%	2,4 M €
EBITDA	4,5 M €	+3.0%	4,4 M €	+989%	403 k €	+11.3%	362,1 k €	+17.5%	308,2 k €	-15.0%	362,4 k €	+22.3%	296,3 k €	+40.9%	210,3 k €	+59.2%	132,1 k €	-41.3%	225,2 k €	-1.3%	228,2 k €	+27.0%	179,7 k €	+16.6%	154,1 k €	+23.8%	124,4 k €
Operating result	511,5 k €	+1.5%	503,9 k €	+25.0%	403 k €	+11.3%	362,1 k €	+17.5%	308,2 k €	-15.0%	362,4 k €	+22.3%	296,3 k €	+40.9%	210,3 k €	+59.2%	132,1 k €	-41.3%	225,2 k €	-1.3%	228,2 k €	+27.0%	179,7 k €	+16.6%	154,1 k €	+23.8%	124,4 k €
Net result	458,5 k €	-6.2%	488,5 k €	+118%	224,4 k €	+14.2%	196,6 k €	+38.6%	141,8 k €	-25.1%	189,3 k €	+21.6%	155,7 k €	+41.0%	110,4 k €	+151%	44,1 k €	-57.8%	104,4 k €	-13.8%	121,2 k €	+31.8%	91,9 k €	+24.2%	74 k €	-3.1%	76,4 k €
Balance sheet
Equity	23,7 M €	+2.0%	23,2 M €	+1205%	1,8 M €	+14.4%	1,6 M €	+14.5%	1,4 M €	+11.6%	1,2 M €	+18.4%	1 M €	+17.9%	872,3 k €	+14.5%	761,9 k €	+6.1%	717,8 k €	+17.0%	613,4 k €	+24.6%	492,2 k €	+23.0%	400,3 k €	+22.7%	326,4 k €
Total assets	28,1 M €	+5.2%	26,7 M €	+723%	3,3 M €	+8.6%	3 M €	-11.2%	3,4 M €	+18.8%	2,8 M €	+0.5%	2,8 M €	+51.2%	1,9 M €	-15.6%	2,2 M €	+24.6%	1,8 M €	-2.3%	1,8 M €	+24.5%	1,5 M €	+10.4%	1,3 M €	+20.5%	1,1 M €
Cash	10,3 M €	+6.1%	9,7 M €	+322%	2,3 M €	+11.8%	2 M €	+2.1%	2 M €	+20.6%	1,7 M €	+4.1%	1,6 M €	+216%	506,4 k €	-33.7%	764 k €	+39.4%	547,9 k €	-2.0%	559,1 k €	+191%	192 k €	-36.2%	301,1 k €	+25.7%	239,6 k €
Debts	3,5 M €	+31.2%	2,7 M €	+81.6%	1,5 M €	+2.2%	1,4 M €	-28.5%	2 M €	+24.2%	1,6 M €	-9.7%	1,8 M €	+80.5%	993,2 k €	-31.5%	1,4 M €	+37.1%	1,1 M €	-12.1%	1,2 M €	+24.4%	966,3 k €	+4.9%	921,3 k €	+21.7%	756,7 k €
Other
Workforce	36,6 ETP	+18.8%	30,8 ETP	+65.6%	18,6 ETP	+1.6%	18,3 ETP	-5.2%	19,3 ETP	+8.4%	17,8 ETP	+7.2%	16,6 ETP	+5.1%	15,8 ETP	0.0%	15,8 ETP	+12.9%	14,0 ETP	+6.9%	13,1 ETP	+11.0%	11,8 ETP	+18.0%	10,0 ETP	+47.1%	6,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 11 ended

Active mandates

Martin WOICZIK

Director · since 20 décembre 2023

Active

Michel NIJS

Director · since 20 décembre 2023

Active

Gary LOEB

Director · since 24 avril 2023

Active

Jamie SAMATH

Director · since 24 avril 2023

Active

Ended mandates

Kara ANDERSEN REITER

Director · since 01 juillet 2018

Ended

Mark MELTZER

Director · since 29 juillet 2010

Ended

Mark MELTZER

Manager · since 29 juillet 2010

Ended

Mark Meltzer

Director · since 27 juillet 2010 · until 01 juillet 2018

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	26/06/2026	30/06/2025	16/09/2024	28/04/2023	27/06/2022	04/08/2021
General meeting	31/05/2026	31/05/2025	31/05/2024	14/04/2023	08/04/2022	13/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/05/2026	26/06/2026	French	PDF
Full model	31/12/2024	31/05/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	16/09/2024	French	PDF
Abridged model	31/12/2022	14/04/2023	28/04/2023	French	PDF
Abridged model	31/12/2021	08/04/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	13/05/2021	04/08/2021	French	PDF
Abridged model	31/12/2019	01/06/2020	16/06/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	05/06/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	27/07/2017	French	PDF
Full model	31/12/2015	29/04/2016	13/06/2016	French	PDF
Full model	31/12/2014	01/06/2015	10/07/2015	French	PDF
Full model	31/12/2013	02/06/2014	23/07/2014	French	PDF
Full model	31/12/2012	31/05/2013	27/06/2013	French	PDF
Full model	31/12/2011	30/05/2012	02/07/2012	French	PDF
Full model	31/12/2010	31/05/2011	16/06/2011	French	PDF
Full model	31/12/2009	31/05/2010	26/07/2010	French	PDF
Full model	31/12/2008	22/06/2009	25/08/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 4 active · 11 ended

Active mandates

Martin WOICZIK

Director · since 20 décembre 2023

Active

Michel NIJS

Director · since 20 décembre 2023

Active

Gary LOEB

Director · since 24 avril 2023

Active

Jamie SAMATH

Director · since 24 avril 2023

Active

Ended mandates

Kara ANDERSEN REITER

Director · since 01 juillet 2018

Ended

Mark MELTZER

Director · since 29 juillet 2010

Ended

Mark MELTZER

Manager · since 29 juillet 2010

Ended

Mark Meltzer

Director · since 27 juillet 2010 · until 01 juillet 2018

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/09/2026
Nomination d'un commissaire
PDF
Mandates10/01/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/07/2024
CAPITAL, ACTIONS
PDF
Capital / shares16/07/2024
CAPITAL, ACTIONS
PDF
Other03/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates13/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/06/2023
DEMISSIONS, NOMINATIONS
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 2025458,5 k €↓
2024
Annual accounts 2024488,5 k €↑
2019
Annual accounts 2019224,4 k €↑
2018
Annual accounts 2018196,6 k €↑
2017
Annual accounts 2017141,8 k €↓
2016
Annual accounts 2016189,3 k €↑
2015
Annual accounts 2015155,7 k €↑
2014
Annual accounts 2014110,4 k €↑
2013
Annual accounts 201344,1 k €↓
2012
Annual accounts 2012104,4 k €↓
2011
Annual accounts 2011121,2 k €↑
2010
Annual accounts 201091,9 k €↑
2009
Annual accounts 200974 k €↓
2008
Annual accounts 200876,4 k €
18/01/2008
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

INTUITIVE SURGICAL

Overview

What does INTUITIVE SURGICAL 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