MSD BELGIUM
ActiveMSD BELGIUM has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42.38M and a net result of €13.56M. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 4826 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
80
/ 100
Excellent▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-1
Solvency52▲+11
Growth62▼-2
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.3 in 2024), and 71.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.2%
Return on assets
9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
34 d early
2023
34 d early
2022
32 d early
2021
27 d early
2020
30 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€506.48M▼ 4.6%
2024 · €531.03M
2022: €516.01M
2023: €567.48M
2024: €531.03M
2022 → 2025
EBIT margin
3.5%=
2024 · 3.5%
2022: 3.5%
2023: 3.5%
2024: 3.5%
2022 → 2025
Net result
€13.56M▼ 12.2%
2024 · €15.44M
2022: €13.40M
2023: €15.50M
2024: €15.44M
2022 → 2025
Working capital
€42.25M▲ 9.6%
2024 · €38.55M
2022: €37.35M
2023: €52.98M
2024: €38.55M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€516.01M-€567.48M▲ 10.0%€531.03M▼ 6.4%€506.48M▼ 4.6%
Equity€37.88M-€53.38M▲ 40.9%€38.82M▼ 27.3%€42.38M▲ 9.2%
Operating result€18.06M-€19.86M▲ 10.0%€18.59M▼ 6.4%€17.73M▼ 4.6%
Net result€13.40M-€15.50M▲ 15.7%€15.44M▼ 0.4%€13.56M▼ 12.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150.30M
Fixed assets
€132k▼ 50.8%
Current assets
€150.17M▼ 9.0%
Equity and liabilities €150.30M
Equity
€42.38M▲ 9.2%
Debt
€107.92M▼ 14.7%
The debt ratio falls from 76.5% to 71.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€17.86M▼
2024 · €18.72M
Cash flow
€13.69M▼
2024 · €15.57M
Solvency
28.2%▲
2024 · 23.5%
Current ratio
1.39▲
2024 · 1.30
Quick ratio
1.39▲
2024 · 1.30
Debt / equity
2.55▼
2024 · 3.26
ROE
32.0%▼
2024 · 39.8%
ROA
9.0%▼
2024 · 9.3%
Interest coverage
78.71▼
2024 · 202.82
Debt
€107.92M▼
2024 · €126.53M
Debt ≤ 1 year
€107.92M▼
2024 · €126.53M
Income taxes
€4.81M▼
2024 · €5.58M
Staff costs
€25.13M▼
2024 · €25.21M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€165.35M€150.30M▼
Fixed assets21/28€269k€132k▼
Intangible fixed assets21€264k€132k▼
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Financial fixed assets28€4k€0▼
Other financial fixed assets284/8€4k€0▼
Amounts receivable and cash guarantees285/8€4k€0▼
Current assets29/58€165.08M€150.17M▼
Amounts receivable within one year40/41€165.08M€150.17M▼
Trade receivables40€108.94M€104.74M▼
Other amounts receivable41€56.14M€45.42M▼
Cash at bank and in hand54/58€0€0=
Equity and liabilities
Total equity and liabilities10/49€165.35M€150.30M▼
Equity10/15€38.82M€42.38M▲
Contributions10/11€10.94M€10.94M=
Reserves13€264k€132k▼
Tax-exempt reserves132€264k€132k▼
Profit (loss) carried forward14€27.62M€31.31M▲
Amounts payable17/49€126.53M€107.92M▼
Amounts payable within one year42/48€126.53M€107.92M▼
Financial debts43€40.87M€31.79M▼
Credit institutions430/8€40.87M-
Other loans439-€31.79M
Trade debts44€71.71M€68.13M▼
Suppliers440/4€71.71M€68.13M▼
Taxes, remuneration and social security45€13.88M€7.92M▼
Taxes450/3€7.43M€1.86M▼
Remuneration and social security454/9€6.45M€6.06M▼
Other amounts payable47/48€67k€85k▲
Income statement
Code20242025
Operating income70/76A€557.66M€537.45M▼
Turnover70€531.03M€506.48M▼
Other operating income74€26.63M€30.97M▲
Non-recurring operating income76A€0-
Operating charges60/66A€539.08M€519.72M▼
Goods for resale, raw materials and consumables60€263.91M€260.13M▼
Purchases600/8€263.91M€260.13M▼
Services and other goods61€16.63M€16.48M▼
Remuneration, social security and pensions62€25.21M€25.13M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€132k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€0▼
Other operating charges640/8€233.19M€217.85M▼
Non-recurring operating charges66A€0€0=
Operating profit (loss)9901€18.59M€17.73M▼
Financial income75/76B€2.52M€869k▼
Recurring financial income75€2.52M€869k▼
Other financial income752/9€2.52M€869k▼
Financial charges65/66B€92k€227k▲
Recurring financial charges65€92k€227k▲
Other financial charges652/9€92k€227k▲
Profit (loss) for the period before taxes9903€21.02M€18.37M▼
Income taxes67/77€5.58M€4.81M▼
Taxes670/3€5.58M€4.81M▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€15.44M€13.56M▼
Transfer from tax-exempt reserves789€132k€132k=
Profit (loss) for the period to be appropriated9905€15.57M€13.69M▼
Appropriation of the result
Profit (loss) to be appropriated9906€57.62M€41.31M▼
Profit (loss) brought forward from the previous period14P€42.05M€27.62M▼
Transfer from equity791/2€0-
From contributions791€0-
Profit to be distributed694/7€30.00M€10.00M▼
Return on contributions (dividend)694€30.00M€10.00M▼
Social balance
Average headcount (FTE)9087159.5171.5▲
The notes to these accounts (44 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-09
State Gazette act
Resignations & appointmentsBoard meeting · Permanent representative2 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Permanent representative2 facts ▸
- Board meeting, 04/09/2025
- Permanent representative, Arnaud Gain (vaste vertegenwoordiger van de commissaris)
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-11
State Gazette act
Resignations & appointmentsShareholder decision · Director resignation · Director appointment4 facts ▸
State Gazette act
Resignations & appointments
Shareholder decision · Director resignation · Director appointment4 facts ▸
- Shareholder decision, 30/10/2024
- Director resignation, Rietja Hart (bestuurder)
- Director appointment, Ciar Harbord (bestuurder)
- Mandate compensation, Ciar Harbord
08-07
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 26/06/2024
- Auditor appointment, PwC Bedrijfsrevisoren BV (commissaris)
- Permanent representative, Didier Delanoye (vaste vertegenwoordiger)
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2022net €15.50M ▲15.7%
Operating result €19.86M, net result €15.50M, both a record.
31-12
Financial
Equity above €50MEq €53.38M ▲40.9%
2 profitable years in a row build equity to €53.38M.
29-06
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment4 facts ▸
- General meeting, 02/05/2023
- Director resignation, Brecht Vanneste (bestuurder)
- Director appointment, Katrien De Vos (bestuurder)
- Mandate compensation, Katrien De Vos
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
17-04
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 30/03/2023
- Registered-office move, Vorstlaan 25, 1170 Watermaal-Bosvoorde (Brussel)
2022
09-11
State Gazette act
Resignations & appointmentsBoard meeting · Power of attorney2 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Power of attorney2 facts ▸
- Board meeting, 21/10/2022
- Power of attorney
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-08
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 30/06/2021
- Auditor appointment, PwC Bedrijfsrevisoren (commissaris)
- Permanent representative, Didier Delanoye (vertegenwoordiger)
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
11-06
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment7 facts ▸
- General meeting, 25/05/2021
- Director resignation, Anne Bitzer (bestuurder)
- Director resignation, Emmanuel Thiéry (bestuurder)
- Director appointment, Rietja Hart (bestuurder)
- Director appointment, Joris Swennen (bestuurder)
- Mandate compensation, Rietja Hart
- Mandate compensation, Joris Swennen
18-01
State Gazette act
RestructuringGeneral meeting · Accounting effect · Net-asset statement6 facts ▸
State Gazette act
Restructuring
General meeting · Accounting effect · Net-asset statement6 facts ▸
- General meeting, 18/12/2020
- Accounting effect, 01/11/2020
- Net-asset statement, 31/10/2020
- Capital decrease, €5.371.310,79
- Demerger, Partiële Splitsing: overdracht Organon Business activa, passiva, contracten, rechtsverhoudingen en werknemers
- Equity allocation, toegewezen aan de belastingvrije reserves
2020
20-11
State Gazette act
Capital & shares · Statutes amendment · RestructuringGeneral meeting · Demerger · Accounting effect7 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Restructuring
General meeting · Demerger · Accounting effect7 facts ▸
- General meeting, 30/10/2020
- Demerger, Partiële Splitsing door overneming: overdracht van de Organon Business (activa, passiva, contracten, rechtsverhoudingen) van MSD Belgium naar Organon Belgium.
- Accounting effect, 01/11/2020
- Capital decrease, €5.338.747,58
- Share issue, Nieuwe aandelen uitgegeven in Organon Belgium aan Merck Sharp & Dohme Corp. als vergoeding voor de inbreng., 5.338.747
- Statutes amendment
- Corporate purpose, De vennootschap heeft als voorwerp de aankoop, de verkoop, de invoer, de uitvoer, het opslaan, de vervaardiging, de verpakking en de verdeling, voor eigen reken…
23-09
State Gazette act
RestructuringDemerger · Accounting effect · Share issue4 facts ▸
State Gazette act
Restructuring
Demerger · Accounting effect · Share issue4 facts ▸
- Demerger, Partiële splitsing waarbij MSD Belgium BV een deel van haar activa en passiva (Organon Business) afscheidt en toebedeelt aan Organon Belgium BV.
- Accounting effect, 01/11/2020
- Share issue, 5.338.747, 0,2064301216197447 aandelen voor elk bestaand aandeel van de overdragende vennootschap
- Power of attorney, Annaise Dushimimana
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
26-05
State Gazette act
Legal-form change · Resignations & appointmentsWritten resolution · Director resignation · Director appointment4 facts ▸
State Gazette act
Legal-form change · Resignations & appointments
Written resolution · Director resignation · Director appointment4 facts ▸
- Written resolution, 24/04/2020
- Director resignation, Tine Van den Haute (bestuurder)
- Director appointment, Emmanuel Thiéry (bestuurder)
- Mandate compensation, Emmanuel Thiéry
2019
24-10
State Gazette act
Resignations & appointmentsWritten decision · Director resignation · Director appointment4 facts ▸
State Gazette act
Resignations & appointments
Written decision · Director resignation · Director appointment4 facts ▸
- Written decision, 07/10/2019
- Director resignation, Eric Montariol (zaakvoerder)
- Director appointment, Anne Bitzer (zaakvoerder)
- Mandate compensation, Anne Bitzer
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
20-03
State Gazette act
Resignations & appointmentsWritten decision · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
Written decision · Director resignation · Director appointment3 facts ▸
- Written decision, 22/02/2019
- Director resignation, Clarisse Jacob Lhoste (zaakvoerder)
- Director appointment, Brecht Vanneste (zaakvoerder)
23-01
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 26/06/2018
- Auditor appointment, PWC Bedrijfsrevisoren (commissaris)
- Permanent representative, Didier Delanoye
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-10
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment3 facts ▸
- General meeting, 28/08/2017
- Director resignation, Chris Foreman (zaakvoerder)
- Director appointment, Tine Van den Haute (zaakvoerder)
22-08
State Gazette act
Capital & shares · RestructuringGeneral meeting · Merger · Accounting effect3 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Merger · Accounting effect3 facts ▸
- General meeting, 31/07/2017
- Merger, VERRICHTING GELIJKGESTELD MET EEN FUSIE DOOR OVERNEMING
- Accounting effect, 01/01/2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
14-06
State Gazette act
RestructuringMerger · Accounting effect · Capital7 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Capital7 facts ▸
- Merger
- Accounting effect, 1 januari 2017
- Capital, €25.862.248,59
- Capital, €1.000.000
- Shareholding, 25862247
- Shareholding, 1
- Shareholding, 19000
2016
24-10
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment3 facts ▸
- General meeting, 09/09/2016
- Director resignation, Patricia Massetti (zaakvoerder)
- Director appointment, Clarisse Jacob Lhoste (zaakvoerder)
20-06
State Gazette act
Resignations & appointmentsPermanent representative · Mandate term2 facts ▸
State Gazette act
Resignations & appointments
Permanent representative · Mandate term2 facts ▸
- Permanent representative, Didier Delanoye
- Mandate term, na de algemene vergadering der vennoten die de jaarrekening per 31 december 2017 dient goed te keuren
2015
04-12
State Gazette act
Resignations & appointmentsBoard meeting · Power of attorney3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Power of attorney3 facts ▸
- Board meeting, 06/08/2015
- Power of attorney, Alette Verbeek
- Power of attorney, ALTIUS
22-07
State Gazette act
Resignations & appointmentsDecision · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
Decision · Auditor appointment · Permanent representative3 facts ▸
- Decision, 22/06/2015
- Auditor appointment, BCVBA PwC Bednijfsrevisoren (commissaris)
- Permanent representative, Jan De Laet (vertegenwoordiger)
2014
09-12
State Gazette act
Resignations & appointmentsBoard meeting · Power of attorney2 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Power of attorney2 facts ▸
- Board meeting, 06/11/2014
- Power of attorney, MSD BELGIUM
2013
03-06
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment2 facts ▸
- General meeting, 27/03/2013
- Director appointment, Patricia Massetti (zaakvoerder)
07-01
State Gazette act
Resignations & appointmentsBoard meeting · Power of attorney2 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Power of attorney2 facts ▸
- Board meeting, 13/12/2012
- Power of attorney, Gevolmachtigden
2012
13-12
State Gazette act
Resignations & appointmentsWritten decision · Director resignation2 facts ▸
State Gazette act
Resignations & appointments
Written decision · Director resignation2 facts ▸
- Written decision, 28/11/2012
- Director resignation, Wladimir Hogenhuis (zaakvoerder)
24-07
State Gazette act
Resignations & appointmentsWritten resolution · Auditor appointment · Auditor representative3 facts ▸
State Gazette act
Resignations & appointments
Written resolution · Auditor appointment · Auditor representative3 facts ▸
- Written resolution, 27/06/2012
- Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren (commissaris)
- Auditor representative, Peter D'Hondt (vertegenwoordiger commissaris)
04-06
State Gazette act
Resignations & appointmentsBoard meeting · Power of attorney · Mandate term3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Power of attorney · Mandate term3 facts ▸
- Board meeting, 15/05/2012
- Power of attorney, Alette Verbeek
- Mandate term, tot einde werknemersrelatie
2011
16-12
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment4 facts ▸
- General meeting, 18/11/2011
- Director resignation, Simone Massenti (zaakvoerder)
- Director appointment, Christopher Foreman (zaakvoerder)
- Mandate compensation, Christopher Foreman
21-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment3 facts ▸
- General meeting, 31/08/2011
- Director resignation, Jan Van Acker (zaakvoerder)
- Director appointment, Wladimir Hogenhuis (zaakvoerder)
11-05
State Gazette act
Registered office · Capital & shares · RestructuringGeneral meeting · Merger · Dissolution22 facts ▸
State Gazette act
Registered office · Capital & shares · Restructuring
General meeting · Merger · Dissolution22 facts ▸
- General meeting, 27/04/2011
- Merger, 01/05/2011, 01/01/2011
- Merger, 01/05/2011, 01/01/2011
- Dissolution, 2011-05-01
- Dissolution, 2011-05-01
- Legal-form conversion, besloten vennootschap met beperkte aansprakelijkheid
- Name change, MSD BELGIUM
- Registered-office move, Lynx Binnenhof 5, 1200 Brussel
- Capital, €25.862.248,59
- Corporate purpose, De vennootschap heeft ten doel de aankoop, de verkoop, de invoer, de uitvoer, het opslaan, de vervaardiging, de verpakking en de verdeling, voor eiger rekening…
- Director resignation, KOEHLER Steven (bestuurder)
- Director resignation, EHREN Stijn (bestuurder)
- +10 further facts in this act
16-03
State Gazette act
RestructuringMerger1 fact ▸
State Gazette act
Restructuring
Merger1 fact ▸
- Merger, 03/03/2011
16-03
State Gazette act
RestructuringMerger1 fact ▸
State Gazette act
Restructuring
Merger1 fact ▸
- Merger, 03/03/2011
2010
29-06
State Gazette act
Registered office · Other addressesBoard meeting · Branch opening2 facts ▸
State Gazette act
Registered office · Other addresses
Board meeting · Branch opening2 facts ▸
- Board meeting, 14 juni 2010
- Branch opening, Lynx Binnenhof 5, 1200 Sint-Lambrechts-Woluwe
26-01
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment3 facts ▸
- General meeting, 15 december 2009
- Auditor appointment, Deloitte Bedrijfsrevisoren (commissaris)
- Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren (commissaris)
05-01
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Director appointment5 facts ▸
- Board meeting, 11/11/2009
- Director resignation, Geri Brouwers (directeur generaal)
- Director appointment, Jan Van Acker (directeur generaal)
- Director resignation, Geri Brouwers (President)
- Director appointment, Jan Van Acker (President)
2009
19-10
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation2 facts ▸
- General meeting, 29/07/2009
- Director resignation, Maria Teresa Hilado (Bestuurder)
2008
18-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment7 facts ▸
- General meeting, 24/06/2008
- Director resignation, Paul Klaassen (bestuurder)
- Director resignation, E. Kevin Moore (bestuurder)
- Director appointment, Stijn Ehren (bestuurder)
- Director appointment, Maria Teresa Hilado (bestuurder)
- Mandate compensation, Stijn Ehren
- Mandate compensation, Maria Teresa Hilado
18-07
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment2 facts ▸
- General meeting, 24/06/2008
- Auditor appointment, Deloitte Bedrijfsrevisoren (Commissaris)
16-07
State Gazette act
RestructuringGeneral meeting · Merger · Accounting effect7 facts ▸
State Gazette act
Restructuring
General meeting · Merger · Accounting effect7 facts ▸
- General meeting, 30/06/2008
- Merger
- Accounting effect, 01/07/2008
- Power of attorney, Davinia MARTENS
- Power of attorney, Marie VANDENBRANDE
- Dissolution, 2008-06-30
- Merger consideration, 0
15-07
State Gazette act
Capital & shares · Statutes amendmentGeneral meeting · Approval · Capital increase9 facts ▸
State Gazette act
Capital & shares · Statutes amendment
General meeting · Approval · Capital increase9 facts ▸
- General meeting, 25/06/2008
- Approval, goedkeuring van de verslagen
- Capital increase, €3.607.527
- Share issue, 3607527, 22.254.722 tot 25.862.248
- Share transfer, Scherico Ltd. → SCHERING - PLOUGH
- Capital, €25.862.248,59
- Power of attorney, Davinia MARTENS
- Power of attorney, Marie VANDENBRANDE
- Power of attorney, Johan VAN DIJCK
26-05
State Gazette act
RestructuringMerger1 fact ▸
State Gazette act
Restructuring
Merger1 fact ▸
- Merger, 14 mei 2008
2007
20-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Mandate compensation7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Mandate compensation7 facts ▸
- General meeting, 10/07/2007
- Director reappointment, K. Moore (bestuurder)
- Director reappointment, P. Klaassen (bestuurder)
- Director reappointment, S Koehler (bestuurder)
- Mandate compensation, K. Moore
- Mandate compensation, P. Klaassen
- Mandate compensation, S Koehler
2006
06-11
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Director appointment5 facts ▸
- General meeting, 26/07/2006
- Director reappointment, Kevin Moore (bestuurder)
- Director reappointment, Paul Klaassen (bestuurder)
- Director appointment, Steven Koehler (bestuurder)
- Mandate compensation, Schering-Plough
29-05
State Gazette act
Capital & shares · Statutes amendmentGeneral meeting · Statutes amendment · Power of attorney4 facts ▸
State Gazette act
Capital & shares · Statutes amendment
General meeting · Statutes amendment · Power of attorney4 facts ▸
- General meeting, 18/04/2006
- Statutes amendment
- Statutes amendment
- Power of attorney, Michelle ALLOO
2005
27-06
State Gazette act
Resignations & appointmentsGeneral meeting · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Permanent representative3 facts ▸
- General meeting, 11 mei 2004
- Permanent representative, Jurgen Kesselaers
- Permanent representative, Louis Demesmaeker
12-01
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment8 facts ▸
- General meeting, 15/11/2004
- Director resignation, Gilles Picard (bestuurder)
- Director resignation, Bruno Raynal (bestuurder)
- Director resignation, Carlos Dourado (bestuurder)
- Director appointment, Kevin Moore (bestuurder)
- Director appointment, Douglas Gingerella (bestuurder)
- Director appointment, Paul Klaassen (bestuurder)
- Mandate compensation, Schering-Plough
12-01
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Director appointment3 facts ▸
- Board meeting, 20/09/2004
- Director resignation, Bruno Raynal (afgevaardigde bestuurder)
- Director appointment, Geri Brouwers (directeur generaal)
2004
16-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment5 facts ▸
- General meeting, 08/04/2004
- Director resignation, Alberto Elli (bestuurder)
- Director appointment, Gilles Picard (bestuurder)
- Mandate compensation, Gilles Picard
- Mandate duration, einde onmiddellijk na de jaarlijkse algemene vergadering van 2004, waarop de jaarrekeningen van 2003 worden goedgekeurd
15-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment6 facts ▸
- General meeting, 17/12/2003
- Director resignation, Gilles Picard (bestuurder)
- Director resignation, JanOlaf Hesse (bestuurder)
- Director appointment, Carlos Dourado (bestuurder)
- Director appointment, Bruno Raynal (bestuurder)
- Mandate compensation, Schering-Plough
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
33 directors, no change since 2024
Ciar Harbord
CurrentDirector · since 01-12-2024
Katrien De Vos
CurrentDirector · since 02-05-2023
Joris Swennen
CurrentDirector · since 01-06-2021
Christopher Foreman
Not recently confirmedManager · since 11-11-2011
MASSENTI Carlo Simone
Not recently confirmedNiet statutair zaakvoerder · since 01-05-2011
K. Moore
Not recently confirmedDirector
+ 4 not shown in this overview
01-12-2024
Ciar Harbord: Appointed as Director
01-12-2024
Rietja Hart: Resigned as Director
02-05-2023
Katrien De Vos: Appointed as Director
02-05-2023
Brecht Vanneste: Resigned as Director
01-06-2021
Joris Swennen: Appointed as Director
01-06-2021
Rietja Hart: Appointed as Director
01-06-2021
Anne Bitzer: Resigned as Director
01-06-2021
Emmanuel Thiéry: Resigned as Director
01-05-2020
Emmanuel Thiéry: Appointed as Director
01-05-2020
Tine Van den Haute: Resigned as Director
07-10-2019
Anne Bitzer: Appointed as Manager
07-10-2019
MONTARIOL Eric: Resigned as Manager
01-03-2019
Brecht Vanneste: Appointed as Manager
01-03-2019
Clarisse Jacob Lhoste: Resigned as Manager
01-09-2017
Tine Van den Haute: Appointed as Manager
01-09-2017
Chris Foreman: Resigned as Manager
15-09-2016
Clarisse Jacob Lhoste: Appointed as Manager
15-09-2016
Patricia Massetti: Resigned as Manager
01-04-2013
Patricia Massetti: Appointed as Manager
30-11-2012
Wladimir Hogenhuis: Resigned as Manager
11-11-2011
Christopher Foreman: Appointed as Manager
11-11-2011
Simone Massenti: Resigned as Manager
01-09-2011
Wladimir Hogenhuis: Appointed as Manager
01-09-2011
VAN ACKER Jan: Resigned as Manager
+ 31 not shown in this overview
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vorstlaan 251170 Watermaal-BosvoordeGround area
8.3 ha
Building footprint
1.3 ha
Volume, LiDAR
184,450 m³
Parcel 21652E0905/00H000, Brussels · tallest building 51.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MSD Belgium
since 20102.189.459.848
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0905/00H000 | Brussels | 8.3 ha | 1 · 1.3 ha | 51.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
5 auditors| BV PwC BedrijfsrevisorenCurrent Statutory auditor · represented by Didier Delanoye | 08-07-2024 → present |
Show 4 earlier auditors
| BCVBA PwC Bednijfsrevisoren Statutory auditor · represented by Jan De Laet succeeded by Pwc Bedrijfsrevisoren in 2019 | 22-07-2015 → 23-01-2019 |
| Deloitte Bedrijfsrevisoren Statutory auditor succeeded by PricewaterhouseCoopers, Bedrijfsrevisoren in 2010 | 18-07-2008 → 26-01-2010 |
| PricewaterhouseCoopers, Bedrijfsrevisoren Statutory auditor succeeded by BCVBA PwC Bednijfsrevisoren in 2015 | 26-01-2010 → 22-07-2015 |
| Pwc Bedrijfsrevisoren Statutory auditor · represented by Didier Delanoye succeeded by BV PwC Bedrijfsrevisoren in 2024 | 23-01-2019 → 08-07-2024 |
Structure & network
Connections & network
1 connected companyNetwork connections
Shared director
→
Ownership & control
2 partiesMSD BELGIUMBE 0406.820.770
controls
Where this company holds controlthis company sits on their board2
Acquisitions and mergers
7 transactionsTook over:MSD Vaccines Belgium
Took over:AACIPHAR
Took over:ORGANON TEKNIKA
Took over:ORGANON BELGE S.A. ORGANON BELGIË N.V.
Contributed a business line to:Organon Belgium BV
Contributed a business line to:Organon Belgium
Contributed a business line to:Organon Belgium
Capital and shareholders
Capital increase of 3,607,527 EUR
Transfer of 100 shares from Scherico Ltd. to SCHERING - PLOUGH
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 36,079 EUR awarded · 36,079 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,649 EUR | 9,649 EUR |
| 2024 | 1 | 9,024 EUR | 9,024 EUR |
| 2023 | 1 | 9,286 EUR | 9,494 EUR |
| 2022 | 1 | 8,120 EUR | 7,912 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Legal Entity Identifier
5493002TNNBZVBXKZ278
Similar companies · same sector, comparable size
MSD Europe Belgium
BE 0802.868.505
Watermaal-Bosvoorde · Eq €45.25M
GC EUROPE
BE 0452.407.307
Leuven · Eq €45.83M
AstraZeneca
BE 0400.165.679
Dilbeek · Eq €46.88M
Medtronic Belgium
BE 0415.262.839
Jette · Eq €46.93M
Viatris Healthcare
BE 0403.048.064
Hoeilaart · Eq €37.94M
Of 1,894 companies in sector 46460 we hold annual accounts for 1,114. 198 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-1969
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
20590Manufacture of chemicals and chemical products
24660
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.