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MAXPHARMA

Active Public limited companyfounded 2000active for 26 yearsSteenweg op Waver 736, 1040 EtterbeekKBO/BCE: BE 0471.830.863 subsidiary of
MAXPHARMA
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 01-07-2026, 30 days before the deadline
€113,032
▲ 27.5%
€28,482
▲ €53,039
€15,264
▲ €40,472
€231,668
▼ 0.4%
66.7%
▼ 6.0 percentage points
2.63
▼ 0.51

The turnover shown is an estimate from the gross margin.

Turnover ≈ €530,000. Estimated: probably between €360,000 and €990,000.

Balance sheet

balance sheet total €426,986 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

66.7%

Higher than 80% of 13,234 companies in 2025.

2.63

Higher than 73% of 13,093 companies in 2025.

3.6%

Higher than 46% of 13,156 companies in 2025.

MAXPHARMA Middle half of the sector 80% of the sector Abbreviated accounts in retail trade (NACE 47)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half · Staff: middle half

Staff

€36,441

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, 2 people joined and 3 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 426,986398,174410,618496,985434,404431,552482,022425,859474,981478,086472,953503,903556,742607,352643,145671,388703,433732,853759,020637,805
21/28 53,05857,01372,605106,757129,387155,980177,799360,074379,496406,623424,416445,308465,129489,081511,603533,816550,995572,661595,740513,319
21 39,10552,13965,17478,20991,244104,279117,314-------------
22/27 3,4534,8747,23428,35137,94651,50560,28950,20769,62996,756114,549135,441155,262179,214201,736223,949241,128262,794285,873203,452
22 ---20,80026,00031,20036,40041,60058,60081,069103,557126,046148,527171,009193,491215,973238,455260,937283,419201,901
23 1,1141,7553,3357,55111,94614,90613,0916,2237,4615,2146,2536,2492,9583,5472,7052,3112,6721,8572,4541,551
24 -----5,39910,7981,1842,3693,5544,7383,1473,7774,6585,5405,665----
26 2,3393,1193,899-----------------
27 -------1,2001,2006,919----------
28 10,500-197197197197197309,867309,867309,867309,867309,867309,867309,867309,867309,867309,867309,867309,867309,867
29/58 373,928341,161338,014390,229305,017275,572304,22265,78595,48571,46348,53758,59591,613118,271131,542137,572152,438160,192163,280124,486
3 162,04094,45496,37494,504100,480116,787133,469-------------
30/36 162,04094,45496,37494,504100,480116,787133,469-------------
40/41 93,14085,881100,66951,86356,81948,47772,5073,13352,43743,05139,34154,17079,275111,510122,892126,024140,546137,655151,073112,402
40 83,94464,19267,16416,70253,64543,78064,2643,03552,36543,0352,260--6,48225,0006,99211,25011,25027,58511,250
41 9,19721,68933,50435,1613,1744,6978,24399731637,08054,17079,275105,02897,892119,032129,296126,405123,488101,152
50/53 ----714714714-------------
54/58 118,091160,491140,373170,573143,018107,59497,30160,00043,04728,4136,8454,42512,3376,7618,65011,54811,89222,53712,20712,084
490/1 65733559773,2883,9862,0002312,652--2,351---------
Balance sheet: equity and liabilities
10/49 426,986398,174410,618496,985434,404431,552482,022425,859474,981478,086472,953503,903556,742607,352643,145671,388703,433732,853759,020637,805
10/15 284,725289,461314,670318,569334,157259,130268,228228,917146,016233,373211,968203,644191,186196,594187,566167,728142,699129,529113,359107,410
10/11 61,97361,97361,97361,97361,97361,97361,97361,97361,973160,973160,973160,973160,97361,97361,97361,97361,97361,97361,97361,973
10 61,97361,97361,97361,97361,973---------------
100 61,97361,97361,97361,97361,97361,97361,97361,97361,973160,973160,973160,973160,97361,97361,97361,97361,97361,97361,97361,973
13 6,1976,1976,1976,19717,69717,69743,69743,69743,69742,09742,09716,0976,9676,1976,1976,1976,1976,1976,1976,197
130/1 6,1976,1976,1976,1976,1976,197--------------
130 6,1976,1976,1976,1976,1976,1976,1976,1976,19716,09716,09716,0976,9676,1976,1976,1976,1976,1976,1976,197
133 ----11,50011,50037,50037,50037,50026,00026,000---------
14 216,555221,291246,499250,398254,486179,459162,558123,24740,34530,3028,89726,57323,245128,423119,39699,55774,52861,35945,18839,239
17/49 142,260108,71395,949178,416100,247172,422213,793196,942328,965244,713260,985300,260365,556410,758455,579503,660560,734603,323645,661530,395
17 -----37,67148,67655,06969,760100,708129,399155,689199,721244,247297,409352,025401,458446,121487,922426,108
170/4 -----37,67148,67655,06969,760100,708129,399155,689199,721244,247297,409352,025401,458446,121487,922426,108
42/48 142,260108,61795,949178,416100,247134,751164,999141,873259,205144,005131,138142,186159,520159,449158,170151,635157,568153,209142,172102,451
42 -----11,51511,26316,43330,62430,19530,36241,43055,47853,15751,00748,75744,66341,80139,40833,836
43 -------739---7,5262,5412,532------
430/8 -------739---7,5262,5412,532------
44 116,77293,99963,242144,33574,10071,79485,1122,6041,2791,840570199377511,7939662,91565462,077
440/4 116,77293,99963,242144,33574,10071,79485,1122,6041,2791,840570199377511,7939662,91565462,077
45 4,22913,99732,61122,27126,14710,73530,02417,7027,20615,5638,6982325,2197,8039,2882,6783,86010,83513,79421,757
450/3 2981,1067,4708,8008,1182,70914,30917,7027,20615,5638,6982325,2197,8039,2882,6783,86010,83513,79414,472
454/9 3,93112,89125,14113,47118,0298,02615,715------------7,285
47/48 21,2596219511,810-40,70738,600104,395220,09596,40891,50892,97995,34595,20896,08299,233106,13199,92088,96444,782
492/3 -96----118---4482,3856,3147,062--1,7083,99315,5681,836
Income statement
9900 113,03288,665127,530123,758225,463148,964191,267119,23750,25562,57255,62156,66059,51166,37786,71097,49487,97093,56093,84978,126
62 69,23897,521108,368100,31694,72493,146104,773-------------
630 14,91215,39417,25022,63027,94526,53327,5387,62324,89224,71224,80624,13123,95223,95223,80923,47322,84423,07937,89117,729
640/8 400305314217-13214--3,084--2,274----89179
66A --1,300-----------------
9901 28,482-24,556298594102,79329,28458,953111,40125,36337,86027,73132,52935,55940,15162,90174,02165,12770,48155,86960,217
75/76B -1,1524011,13445174295163221164937165132128183237360307
75 -1,1524011,13445174295163221164937165132128183237360307
65/66B 3,3651,8041,2481,2273,2482,2505,4085,0728,4978,86513,12415,97316,75819,71824,59128,03036,68237,68136,95931,411
65 3,3651,8041,2481,2273,2482,2505,4085,0728,4978,86513,12415,97316,75819,71824,59128,03036,68237,68136,95931,411
9903 25,117-25,208-55050199,59027,20953,840106,34516,89829,01714,62416,60518,83820,59838,44346,11928,62833,03719,27129,113
67/77 9,853-3,3504,58924,56410,30714,52923,4435,2557,6116,3004,1485,1903,51410,54813,0337,4038,8115,2667,102
9904 15,264-25,208-3,900-4,08875,02716,90239,31182,90211,64321,4058,32412,45813,64817,08427,89433,08621,22524,22614,00522,011
9905 15,264-25,208-3,900-4,08875,02716,90239,31182,90211,64321,4058,32412,45813,64817,08427,89433,08621,22524,22614,00522,011
Appropriation of the result
9906 236,555221,291246,499250,398254,486179,459162,558123,24741,94530,30234,89735,703142,071136,479127,452107,61382,58469,41553,24450,295
14P 221,291246,499250,398254,486179,459---------------
791/2 ---11,500-26,000--9,900-----------
691/2 --------11,500-26,0009,130770-------
6920 -----------9,130770-------
6921 --------11,500-26,000---------
694/7 20,000--11,500-26,000------118,0568,0568,0568,0568,0568,0568,05611,056
694 20,000--11,500-26,000------118,0568,0568,0568,0568,0568,0568,0568,056
695 -------------------3,000
Social balance sheet
9087 1.92.72.32.32.32.12.1-------------
Hours worked1013 2,0363,4363,8964,0913,9323,6453,730-------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 01-07-2026 2026-00244760 PDF
31-12-2024 full format 24-07-2025 2025-00303307 PDF
31-12-2023 full format 23-08-2024 2024-00379257 PDF
31-12-2022 abbreviated format 25-10-2024 2024-00516893 PDF
31-12-2021 full format 13-07-2022 2022-20191263 PDF
31-12-2020 full format 31-08-2021 2021-62200565 PDF
31-12-2019 full format 30-06-2020 2020-25200574 PDF
31-12-2018 micro format 29-08-2019 2019-60900473 PDF
31-12-2017 full format 13-08-2018 2018-45700107 PDF
31-12-2016 full format 06-07-2017 2017-28500041 PDF
31-12-2015 full format 30-08-2016 2016-57800304 PDF
31-12-2014 full format 24-08-2015 2015-47700377 PDF
31-12-2013 full format 15-09-2014 2014-58600253 PDF
31-12-2012 full format 29-08-2013 2013-54800531 PDF
31-12-2011 full format 27-06-2012 2012-25000244 PDF
31-12-2010 full format 31-08-2011 2011-53700237 PDF
31-12-2009 full format 24-08-2010 2010-44600204 PDF
31-12-2008 full format 28-08-2009 2009-70400008 PDF
31-12-2007 full format 26-08-2008 2008-69500015 PDF
31-12-2006 full format 11-09-2007 2007-72100030 PDF
31-12-2005 full format 21-08-2006 2006-64700511 PDF
31-12-2004 full format 08-07-2005 2005-44705124 PDF
31-12-2003 full format 22-10-2004 2004-74703687 PDF
31-12-2002 full format 25-08-2003 2003-62801756 PDF
31-12-2001 full format 06-09-2002 2002-53805076 PDF
31-12-2000 full format 11-10-2001 2001-63600738 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
43,394-9,16217,54823,224130,73955,81886,491119,02350,25562,57252,53756,66059,51164,10386,71097,49487,97093,56093,76077,946
30,176-9,81413,35118,543102,97243,43566,84990,52436,53546,11733,13036,58937,60041,03651,70356,55944,06947,30551,89639,740
10,956-1973,89901,3524,715939,572-11,8003,4856,9193,9144,31001,4301,5966,2941,1770120,3121,998
-42,40020,118-30,20027,55635,42410,29337,30116,95314,63521,5672,420-7,9125,577-1,889-2,898-344-10,64510,330123-
231,668232,544242,065211,813204,770140,821139,223-76,087-163,720-72,542-82,601-83,591-67,908-41,179-26,628-14,063-5,1306,98221,10822,035
66.7%72.7%76.6%64.1%76.9%60.0%55.6%53.8%30.7%48.8%44.8%40.4%34.3%32.4%29.2%25.0%20.3%17.7%14.9%16.8%
2.633.143.522.193.042.051.840.460.370.500.370.410.570.740.830.910.971.051.151.22
1.492.272.521.662.041.181.030.460.370.500.370.410.570.740.830.910.971.051.151.22
0.500.380.300.560.300.670.800.862.251.051.231.471.912.092.433.003.934.665.704.94
5.4%-8.7%-1.2%-1.3%22.5%6.5%14.7%36.2%8.0%9.2%3.9%6.1%7.1%8.7%14.9%19.7%14.9%18.7%12.4%20.5%
3.6%-6.3%-0.9%-0.8%17.3%3.9%8.2%19.5%2.5%4.5%1.8%2.5%2.5%2.8%4.3%4.9%3.0%3.3%1.8%3.5%
12.89-5.0814.0618.9340.26---------------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date25435
full-time----1
part-time25434
in full-time equivalents1.42.62.523.5
1.42.72.32.32.3
On a permanent contract24334
Joined25444
Left34363

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€456-€3,899-€1,352
Financial fixed assets€10,500----
€14,912€15,394€17,250€22,630€27,945

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MAXPHARMA

The operating result for 2025 is a profit of €28,482, after a loss of €24,556 in 2024. It is the highest result since 2021.

Debt's share of the balance-sheet total rises from 27.3% to 33.3%. Equity is lower and debt is higher.

Next steps

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