WE-PHARMA
Annual accounts 2025
abbreviated format, filed on 30-09-2026, 61 days lateMoney flows
no detail for 2025Balance sheet
balance sheet total €4.5m on 31-12-2025in €m
in €m
Position in the sector
30.7%
Higher than 41% of 2,829 companies in 2025.
2.11
Higher than 64% of 2,718 companies in 2025.
-49.5%
Lower than 95% of 2,776 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
€54,075
Staff costs divided by the average number of full-time equivalents.
+8 people
In 2025, 30 people joined and 22 left.
- 2023 The accounts state 504,402.7 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure is therefore left out.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
4.5m | 3.5m | 2.1m | 1.7m | 1.3m | 978,581 | 932,737 | 923,891 | 586,219 | 603,133 | 471,948 | 445,199 | 469,181 | 526,157 | 570,992 | 583,416 | |
20 |
- | - | - | - | - | - | - | - | - | 287 | 414 | 542 | 669 | 797 | 924 | 1,052 | |
21/28 |
2.1m | 1.2m | 385,167 | 398,518 | 421,613 | 344,274 | 268,469 | 286,044 | 250,506 | 275,077 | 279,992 | 304,546 | 332,811 | 369,293 | 408,731 | 446,125 | |
21 |
921,295 | - | - | - | - | - | 0 | 3,362 | 16,812 | 30,263 | 43,713 | 57,163 | 70,613 | 84,062 | 97,513 | 110,963 | |
22/27 |
1.2m | 1.2m | 384,734 | 398,085 | 421,180 | 344,274 | 268,469 | 282,682 | 227,444 | 238,565 | 229,616 | 240,591 | 256,379 | 279,434 | 306,544 | 331,611 | |
22 |
466,668 | 456,289 | 214,195 | 220,870 | 237,290 | 250,495 | 260,596 | 269,708 | 194,204 | 215,112 | 227,097 | 235,837 | 247,526 | 256,165 | 267,549 | 278,933 | |
23 |
215,294 | 93,870 | - | - | - | - | - | - | 10,100 | 17,171 | 2,290 | 2,888 | 3,487 | 3,521 | 3,583 | 4,077 | |
24 |
496,705 | 651,747 | - | 2,386 | 4,770 | 4,769 | 7,873 | 12,974 | 23,140 | 6,282 | 229 | 1,866 | 5,366 | 19,748 | 35,328 | 47,767 | |
26 |
- | - | 170,539 | 174,829 | 179,120 | 89,010 | - | - | - | - | - | - | - | - | - | - | |
28 |
433 | 433 | 433 | 433 | 433 | - | - | - | 6,250 | 6,250 | 6,250 | 6,250 | 5,150 | 5,000 | 3,750 | 2,500 | |
29/58 |
2.4m | 2.3m | 1.7m | 1.3m | 839,153 | 634,307 | 664,268 | 637,847 | 335,713 | 327,768 | 191,956 | 140,653 | 136,370 | 156,864 | 162,261 | 137,291 | |
3 |
859,714 | 874,701 | 470,692 | 426,000 | 415,610 | 414,160 | 420,103 | 318,852 | 295,325 | 143,216 | 69,299 | 48,930 | 43,877 | 51,609 | 51,437 | 47,890 | |
30/36 |
859,714 | 874,701 | 470,692 | 426,000 | 415,610 | 414,160 | 420,103 | 318,852 | 295,325 | 143,216 | 69,299 | 48,930 | 43,877 | 51,609 | 51,437 | 47,890 | |
40/41 |
1.5m | 1.3m | 882,828 | 508,209 | 333,189 | 148,789 | 217,797 | 314,856 | 40,206 | 184,142 | 122,247 | 53,379 | 57,550 | 53,508 | 57,773 | 54,971 | |
40 |
472,642 | 692,624 | 882,828 | 443,857 | 312,623 | 145,274 | 188,797 | 304,823 | 38,572 | 181,610 | 120,640 | 52,877 | 56,443 | 51,332 | 56,811 | 54,964 | |
41 |
1.1m | 628,477 | - | 64,352 | 20,566 | 3,515 | 29,000 | 10,033 | 1,634 | 2,532 | 1,607 | 502 | 1,107 | 2,176 | 962 | 7 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33,303 | |
54/58 |
24,738 | 15,489 | 85,357 | 56,982 | 90,354 | 71,358 | 26,368 | 4,139 | - | - | - | 36,662 | 33,731 | 44,701 | 51,842 | - | |
490/1 |
687 | 52,873 | 228,816 | 271,158 | - | - | - | - | 182 | 410 | 410 | 1,682 | 1,212 | 7,046 | 1,209 | 1,127 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
4.5m | 3.5m | 2.1m | 1.7m | 1.3m | 978,581 | 932,737 | 923,891 | 586,219 | 603,133 | 471,948 | 445,199 | 469,181 | 526,157 | 570,992 | 583,416 | |
10/15 |
1.4m | 1.3m | 141,728 | 132,386 | 110,646 | 84,503 | 62,738 | 52,880 | 29,065 | 22,732 | 21,742 | 41,437 | 33,091 | 41,124 | 32,940 | 12,266 | |
10/11 |
3.5m | 1.2m | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | |
10 |
- | - | - | 42,200 | 42,200 | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | 42,200 | |
13 |
4,220 | 4,220 | 4,220 | 4,220 | - | - | - | - | - | - | - | - | - | - | - | - | |
130/1 |
4,220 | 4,220 | 4,220 | 4,220 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 4,220 | - | - | - | - | - | - | - | - | - | - | - | - | |
1311 |
4,220 | 4,220 | 4,220 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-2.1m | 99,543 | 95,308 | 85,966 | 68,446 | 42,303 | 20,538 | 10,680 | -13,135 | -19,468 | -20,458 | -763 | -9,109 | -1,076 | -9,260 | -29,934 | |
17/49 |
3.1m | 2.2m | 1.9m | 1.5m | 1.2m | 894,078 | 869,999 | 871,011 | 557,154 | 580,401 | 450,206 | 403,762 | 436,090 | 485,033 | 538,052 | 571,150 | |
17 |
2.0m | 458,545 | 1.3m | 960,906 | 595,238 | 638,019 | 395,757 | 436,454 | 251,326 | 272,284 | 292,816 | 312,180 | 347,221 | 381,956 | 415,258 | 443,186 | |
170/4 |
2.0m | 458,545 | 1.3m | 960,906 | 595,238 | 338,019 | 195,757 | 236,454 | 251,326 | 272,284 | 292,816 | 312,180 | 347,221 | 381,956 | 415,258 | 443,186 | |
178/9 |
- | - | - | - | - | 300,000 | 200,000 | 200,000 | - | - | - | - | - | - | - | - | |
42/48 |
1.1m | 1.7m | 625,669 | 567,575 | 554,882 | 256,059 | 474,242 | 434,557 | 305,828 | 308,117 | 157,390 | 91,582 | 88,869 | 103,077 | 122,794 | 127,964 | |
42 |
130,895 | 140,736 | 75,442 | 107,845 | 58,257 | 50,511 | 33,305 | 46,449 | 46,106 | 48,016 | 44,047 | 35,041 | 36,418 | 33,302 | 31,822 | 29,994 | |
43 |
775,000 | 1.0m | - | - | - | - | - | - | 41,210 | 55,427 | 32,797 | - | - | - | - | - | |
430/8 |
775,000 | 1.0m | - | - | - | - | - | - | 41,210 | 55,427 | 32,797 | - | - | - | - | - | |
44 |
175,133 | 72,263 | 182,690 | 163,298 | 104,123 | 2,403 | 98,552 | 177,596 | 29,777 | 43,208 | 65,871 | 45,948 | 45,869 | 55,925 | 71,951 | 69,284 | |
440/4 |
175,133 | 72,263 | 182,690 | 163,298 | 104,123 | 2,403 | 98,552 | 177,596 | 29,777 | 43,208 | 65,871 | 45,948 | 45,869 | 55,925 | 71,951 | 69,284 | |
45 |
61,722 | 125,091 | 12,975 | 16,870 | 12,975 | 10,231 | 6,705 | 22,125 | 19,427 | 15,108 | 14,264 | 3,500 | - | 4,904 | 2,276 | 243 | |
450/3 |
- | 40,725 | 8,625 | 11,890 | 2,775 | 4,846 | - | - | 901 | 3,967 | 2,818 | 3,500 | - | 3,050 | 422 | 243 | |
454/9 |
61,722 | 84,366 | 4,350 | 4,980 | 10,200 | 5,385 | 6,705 | 22,125 | 18,526 | 11,141 | 11,446 | - | - | 1,854 | 1,854 | - | |
47/48 |
- | 367,686 | 354,561 | 279,562 | 379,527 | 192,914 | 335,680 | 188,387 | 169,308 | 146,358 | 412 | 7,093 | 6,582 | 8,946 | 16,745 | 28,444 | |
492/3 |
- | 1,218 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||
70 |
- | 2.3m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
- | 528,881 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
1.2m | 1.3m | 567,247 | 525,179 | 255,639 | 299,109 | 190,158 | 221,013 | 142,446 | 130,869 | 57,316 | 61,892 | 57,773 | 75,573 | 86,897 | 89,272 | |
60/61 |
- | 1.8m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
62 |
1.1m | 769,515 | 504,403 | 462,412 | 189,584 | 239,253 | 148,648 | 169,221 | 79,470 | 77,089 | 30,405 | - | - | - | - | - | |
630 |
241,893 | 210,134 | 23,095 | 23,095 | 23,095 | 23,095 | 17,606 | 17,606 | 24,817 | 31,776 | 27,504 | 30,296 | 41,987 | 41,471 | 42,360 | 77,000 | |
631/4 |
111 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
7,915 | 16,234 | 3,578 | 3,479 | 5,009 | 2,198 | 988 | 1,069 | 1,918 | 1,886 | 2,017 | 1,930 | 4,116 | 2,103 | 1,650 | 1,994 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 70 | - | - | - | |
9901 |
-80,363 | 281,740 | 36,172 | 36,193 | 37,951 | 34,563 | 22,916 | 33,117 | 36,241 | 20,118 | -2,610 | 29,666 | 11,670 | 31,999 | 42,887 | 10,278 | |
75/76B |
250 | 0 | - | - | - | - | - | - | - | - | 4 | 1 | 98 | 72 | 79 | 461 | |
75 |
250 | 0 | - | - | - | - | - | - | - | - | 4 | 1 | 98 | 72 | 79 | 461 | |
65/66B |
2.2m | 233,305 | 26,830 | 14,453 | 11,808 | 12,798 | 13,058 | 9,302 | 29,909 | 18,053 | 17,089 | 17,821 | 19,665 | 20,825 | 22,292 | 40,672 | |
65 |
237,400 | 233,305 | 26,830 | 14,453 | 11,808 | 12,798 | 13,058 | 9,302 | 29,909 | 18,053 | 17,089 | 17,821 | 19,665 | 20,825 | 22,292 | 40,672 | |
66B |
1.9m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-2.2m | 48,435 | 9,342 | 21,740 | 26,143 | 21,765 | 9,858 | 23,815 | 6,332 | 2,064 | -19,695 | 11,846 | -7,967 | 11,246 | 20,674 | -29,934 | |
67/77 |
- | 44,200 | - | - | - | - | - | - | - | 1,074 | - | 3,500 | 66 | 3,062 | - | - | |
9904 |
-2.2m | 4,235 | 9,342 | 21,740 | 26,143 | 21,765 | 9,858 | 23,815 | 6,332 | 990 | -19,695 | 8,346 | -8,033 | 8,184 | 20,674 | -29,934 | |
9905 |
-2.2m | 4,235 | 9,342 | 21,740 | 26,143 | 21,765 | 9,858 | 23,815 | 6,332 | 990 | -19,695 | 8,346 | -8,033 | 8,184 | 20,674 | -29,934 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-2.1m | 99,543 | 95,308 | 90,186 | 68,446 | 42,303 | 20,538 | 10,680 | -13,135 | -19,468 | -20,458 | -763 | -9,109 | -1,076 | -9,260 | -29,934 | |
14P |
99,543 | 95,308 | 85,966 | 68,446 | 42,303 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 4,220 | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | 4,220 | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
697 |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||
9087 |
19.6 | 14.9 | - | - | - | - | - | - | 3 | 2.7 | - | - | - | - | - | - | |
Hours worked1013 |
32,057 | 25,821 | - | - | - | - | - | - | 5,265 | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 20 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 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00534308.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00534308 | |
| 31-12-2024 | full format | 07-07-2025 | 2025-00244602 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00430148 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00308754 | |
| 31-12-2021 | micro format | 20-09-2022 | 2022-20435710 | |
| 31-12-2020 | full format | 23-11-2021 | 2021-78100209 | |
| 31-12-2019 | full format | 14-10-2020 | 2020-61800246 | |
| 31-12-2018 | full format | 18-07-2019 | 2019-35300100 | |
| 31-12-2017 | full format | 08-10-2018 | 2018-69200061 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-59900182 | |
| 31-12-2015 | full format | 14-12-2016 | 2016-70000378 | |
| 31-12-2014 | full format | 26-05-2015 | 2015-13200300 | |
| 31-12-2013 | full format | 11-06-2014 | 2014-16800374 | |
| 31-12-2012 | full format | 30-05-2013 | 2013-14300275 | |
| 31-12-2011 | full format | 30-08-2012 | 2012-50700220 | |
| 31-12-2010 | full format | 18-05-2011 | 2011-11600145 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 161,530 | 491,874 | 59,267 | 59,288 | 61,046 | 57,658 | 40,522 | 50,723 | 61,058 | 51,894 | 24,893 | 59,962 | 53,657 | 73,470 | 85,247 | 87,278 | ||
| -2.0m | 214,368 | 32,437 | 44,835 | 49,238 | 44,860 | 27,464 | 41,421 | 31,149 | 32,766 | 7,808 | 38,642 | 33,954 | 49,655 | 63,034 | 47,066 | ||
| 1.1m | 1.0m | 9,744 | 0 | 100,434 | 98,900 | 31 | 72,844 | 1 | 26,861 | 3,078 | 2,180 | 5,505 | 2,034 | 4,966 | 521,850 | ||
| 9,249 | -69,868 | 28,375 | -33,372 | 18,996 | 44,990 | 22,229 | - | - | - | - | 2,931 | -10,970 | -7,141 | - | - | ||
| 1.3m | 533,387 | 1.0m | 694,774 | 284,271 | 378,248 | 190,026 | 203,290 | 29,885 | 19,652 | 34,566 | 49,071 | 47,501 | 53,787 | 39,467 | 9,327 | ||
| - | 12.0% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 30.7% | 36.8% | 6.9% | 8.0% | 8.8% | 8.6% | 6.7% | 5.7% | 5.0% | 3.8% | 4.6% | 9.3% | 7.1% | 7.8% | 5.8% | 2.1% | ||
| 2.11 | 1.31 | 2.67 | 2.22 | 1.51 | 2.48 | 1.40 | 1.47 | 1.10 | 1.06 | 1.22 | 1.54 | 1.53 | 1.52 | 1.32 | 1.07 | ||
| 1.36 | 0.80 | 1.91 | 1.47 | 0.76 | 0.86 | 0.51 | 0.73 | 0.13 | 0.60 | 0.78 | 1.00 | 1.04 | 1.02 | 0.90 | 0.70 | ||
| 2.26 | 1.72 | 13.48 | 11.55 | 10.39 | 10.58 | 13.87 | 16.47 | 19.17 | 25.53 | 20.71 | 9.74 | 13.18 | 11.79 | 16.33 | 46.56 | ||
| -161.4% | 0.3% | 6.6% | 16.4% | 23.6% | 25.8% | 15.7% | 45.0% | 21.8% | 4.4% | -90.6% | 20.1% | -24.3% | 19.9% | 62.8% | -244.0% | ||
| -49.5% | 0.1% | 0.5% | 1.3% | 2.1% | 2.2% | 1.1% | 2.6% | 1.1% | 0.2% | -4.2% | 1.9% | -1.7% | 1.6% | 3.6% | -5.1% | ||
| 0.68 | 2.11 | 2.21 | 4.10 | 5.17 | - | - | - | - | - | - | - | - | - | - | - | ||
| - | 108 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | 15 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 30 | 22 |
| full-time | 8 | 9 |
| part-time | 22 | 13 |
| in full-time equivalents | 20.4 | 16.7 |
| 19.6 | 14.9 | |
| On a permanent contract | 24 | 20 |
| Joined | 30 | 17 |
| Left | 22 | 11 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| - | €770,000 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €194,187 | €1.0m | €9,744 | - | €100,001 |
| Intangible fixed assets | €945,763 | - | - | - | - |
| Financial fixed assets | - | - | - | - | €433 |
| €241,893 | €210,134 | €23,095 | €23,095 | €23,095 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on WE-PHARMA
The operating result for 2025 is a loss of €80,363, after a profit of €281,740 in 2024. It is the lowest result since 2010.
Debt's share of the balance-sheet total rises from 63.2% to 69.3%. Equity and debt are higher.
- 2024 Equity +800%, Total assets +69% on 2023. Capital increase of €355,000 (Official Gazette 04-06-2024).