ACTIVE

MSM PHARMA

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

121,7 k €

+38.4% YoY

Gross margin

354 k €

+12.1% YoY

Equity

230,3 k €

+112.0% YoY

Workforce

2,8 ETP

+16.7% YoY

What does MSM PHARMA do?

MSM PHARMA is a Private limited company incorporated in 2008. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Uccle. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0898.538.417

Incorporation

13/06/2008

Legal form

Private limited company

Registered office

Rue Rittweger 40
1180 Uccle · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Average workforce

2,8 ETP

Activities (NACE)

47730Dispensing chemist in specialised stores· main 47730Dispensing chemist in specialised stores 70200Management consultancy activities 70220Business and other management consultancy activities 74300Translation and interpretation activities 74301Translation and interpretation activities

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	354 k €	+12.1%	315,6 k €	+8.5%	291 k €	+3.0%	282,6 k €	+31.2%	215,3 k €	+13.1%	190,4 k €	-21.6%	242,8 k €	+69.0%	143,7 k €	+3.6%	138,7 k €	-5.7%	147 k €	+63.8%	89,8 k €	-29.4%	127,2 k €	+16.9%	108,8 k €	-1.8%	110,7 k €	-6.5%	118,4 k €		0 €		0 €
EBITDA	267,1 k €	+23.8%	215,8 k €	+36.0%	158,6 k €	-11.8%	179,8 k €	+50.1%	119,8 k €	+1.9%	117,5 k €	-36.8%	186 k €	+106%	90,3 k €	-18.3%	110,5 k €	-2.1%	112,9 k €	+189%	39 k €	-41.0%	66,1 k €	+40.6%	47 k €	+39.2%	33,8 k €	-61.5%	87,6 k €		0 €		0 €
Operating result	208,2 k €	+32.1%	157,6 k €	+46.5%	107,6 k €	-19.8%	134,2 k €	+69.9%	79 k €	+105%	38,5 k €	+32.6%	29 k €	-41.3%	49,5 k €	-29.6%	70,3 k €	-5.7%	74,6 k €	+335%	-31,7 k €	-371%	-6,7 k €	+71.9%	-24 k €	+33.8%	-36,2 k €	-271%	21,1 k €		0 €		0 €
Net result	121,7 k €	+38.4%	87,9 k €	+89.4%	46,4 k €	-38.3%	75,2 k €	+118%	34,5 k €	+9774%	349,8 €	+109%	-3,7 k €	-113%	28 k €	-48.6%	54,5 k €	-0.3%	54,6 k €	+185%	-64,3 k €	-104%	-31,4 k €	+44.2%	-56,3 k €	+19.1%	-69,6 k €	-557%	-10,6 k €		0 €	-100%	0,2 €
Balance sheet
Equity	230,3 k €	+112%	108,6 k €	+425%	20,7 k €	+181%	-25,7 k €	+74.5%	-100,9 k €	+25.5%	-135,4 k €	+0.3%	-135,8 k €	-2.8%	-132,1 k €	+17.5%	-160,1 k €	+25.4%	-214,6 k €	+20.3%	-269,2 k €	-31.4%	-205 k €	-18.1%	-173,5 k €	-48.1%	-117,2 k €	-2565%	-4,4 k €	-171%	6,2 k €	0.0%	6,2 k €
Total assets	919,6 k €	-3.4%	952,3 k €	+15.6%	824 k €	+1.5%	811,7 k €	-5.6%	859,7 k €	-0.6%	864,7 k €	-2.8%	889,6 k €	+110%	423,5 k €	+19.2%	355,3 k €	-4.7%	372,9 k €	-10.9%	418,7 k €	-18.6%	514,2 k €	-5.2%	542,6 k €	-18.9%	669,1 k €	-6.7%	717 k €	+11463%	6,2 k €	0.0%	6,2 k €
Cash	126,3 k €	+11.6%	113,2 k €	+144%	46,4 k €	-59.1%	113,3 k €	+36.2%	83,1 k €	+390%	17 k €	-32.1%	25 k €	+15.9%	21,6 k €	-17.3%	26,1 k €	-33.4%	39,1 k €	+33.5%	29,3 k €	+75.8%	16,7 k €	+78.3%	9,3 k €	-67.3%	28,6 k €	+79.3%	16 k €		–		–
Debts	688,3 k €	-18.2%	841,8 k €	+5.0%	801,5 k €	-3.6%	831 k €	-12.9%	954,1 k €	-4.0%	993,5 k €	-2.4%	1 M €	+85.1%	549,7 k €	+6.9%	514,3 k €	-11.8%	583,1 k €	-14.9%	685,4 k €	-4.2%	715,1 k €	+0.4%	712 k €	-9.5%	786,3 k €	+9.0%	721,4 k €		–		–
Other
Workforce	2,8 ETP	+16.7%	2,4 ETP	-11.1%	2,7 ETP	+35.0%	2,0 ETP	+5.3%	1,9 ETP	+18.7%	1,6 ETP	+6.7%	1,5 ETP	+15.4%	1,3 ETP	+62.5%	0,8 ETP	-20.0%	1,0 ETP	-50.0%	2,0 ETP	-4.8%	2,1 ETP	+23.5%	1,7 ETP	-32.0%	2,5 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 6 ended

Active mandates

STEPHANE MAZILU

Director · since 24 juin 2008

Active

Ended mandates

STEPHANE MAZILU

Manager · since 24 juin 2008

Ended

Stéphane Mazilu

Manager · since 24 mai 2008

Ended

MELANIE FRIER

Mandate

Ended

MELANIE FRIER

Director

Ended

At this address

Other companies at this address

Company	CBE no.
TPHAR Consult● Active	0677.532.627

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/01/2026	31/01/2025	08/02/2024	05/06/2023	21/03/2022	31/01/2021
General meeting	16/12/2025	17/12/2024	19/12/2023	20/12/2022	21/12/2021	15/12/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	16/12/2025	28/01/2026	French	PDF
Abridged model	30/06/2024	17/12/2024	31/01/2025	French	PDF
Abridged model	30/06/2023	19/12/2023	08/02/2024	French	PDF
Abridged model	30/06/2022	20/12/2022	05/06/2023	French	PDF
Abridged model	30/06/2021	21/12/2021	21/03/2022	French	PDF
Abridged model	30/06/2020	15/12/2020	31/01/2021	French	PDF
Abridged model	30/06/2019	17/12/2019	10/01/2020	French	PDF
Abridged model	30/06/2018	18/12/2018	30/01/2019	French	PDF
Abridged model	30/06/2017	19/12/2017	31/01/2018	French	PDF
Abridged model	30/06/2016	30/12/2016	06/03/2017	French	PDF
Abridged model	30/06/2015	27/12/2016	28/12/2016	French	PDF
Abridged model	30/06/2014	16/12/2014	17/02/2015	French	PDF
Abridged model	30/06/2013	14/03/2014	06/05/2014	French	PDF
Abridged model	30/06/2012	15/04/2013	06/05/2014	French	PDF
Abridged model	30/06/2011	21/02/2012	27/02/2012	French	PDF
Abridged model	30/06/2010	21/12/2010	25/02/2011	French	PDF
Abridged model	30/06/2009	15/12/2009	25/02/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/06/2025 · 1 active · 6 ended

Active mandates

STEPHANE MAZILU

Director · since 24 juin 2008

Active

Ended mandates

STEPHANE MAZILU

Manager · since 24 juin 2008

Ended

Stéphane Mazilu

Manager · since 24 mai 2008

Ended

MELANIE FRIER

Mandate

Ended

MELANIE FRIER

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Registered office04/10/2012
SIEGE SOCIAL
PDF
Registered office20/04/2011
SIEGE SOCIAL
PDF
Other02/02/2011
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other24/06/2008
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 2025121,7 k €↑
2024
Annual accounts 202487,9 k €↑
2023
Annual accounts 202346,4 k €↓
2022
Annual accounts 202275,2 k €↑
2021
Annual accounts 202134,5 k €↑
2020
Annual accounts 2020349,8 €↑
2019
Annual accounts 2019-3,7 k €↓
2018
Annual accounts 201828 k €↓
2017
Annual accounts 201754,5 k €↓
2016
Annual accounts 201654,6 k €↑
2015
Annual accounts 2015-64,3 k €↓
2014
Annual accounts 2014-31,4 k €↑
2013
Annual accounts 2013-56,3 k €↑
2012
Annual accounts 2012-69,6 k €↓
2011
Annual accounts 2011-10,6 k €↓
2010
Annual accounts 20100 €↓
2009
Annual accounts 20090,2 €
13/06/2008
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

MSM PHARMA

Overview

What does MSM PHARMA do?

Trend over 17 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