Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 248.5 to 206.7.
Financials
Financial year 2025
Agfa HealthCare from Mortsel, company number BE0403003524, closed financial year 2025 with a result of € 21.9 million after tax. For that financial year Agfa HealthCare recorded revenue of € 99.4 million and equity of € 232.9 million. Compared with financial year 2024, the result moved from € 17.3 million to € 21.9 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 232.9 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21.9 million
▲ 27% vs 2024
Profit after tax over the fiscal year.
€ 190,472
▼ € 78.7 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 20 million paid out
91 % of the profit went to the shareholders, mostly to Agfa-Gevaert NV (100 % of the shares). That is where the money ends up.
People and assets in 2025
206.7
▼ 6.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 37.6 million
▲ 1% vs 2024
€ 182,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,184
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 19.9 million
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 136 days on average.
€ 11.1 million
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 80,709,752 | € 100,575,970 | € 103,845,200 | € 99,378,667 | ▼ 4% |
| Profit after taxes | € -1,785,672 | € 31,827,774 | € 17,319,556 | € 21,936,455 | ▲ 27% |
| Equity | € 556,415,967 | € 278,243,740 | € 230,984,602 | € 232,921,057 | ▲ 1% |
| Total debts | € 29,872,026 | € 89,928,457 | € 57,690,112 | € 116,757,318 | ▲ 102% |
| Cash | € 37,982,469 | € 31,079,284 | € 78,914,870 | € 190,472 | ▼ € 78.7 million |
| Retained profit | € 506,387,550 | € 228,215,324 | € 180,956,186 | € 182,892,641 | ▲ 1% |
| Dividend | € 0 | € 310,000,000 | € 15,000,000 | € 20,000,000 | ▲ 33% |
| Bank debt | € 48 | € 825 | € 0 | € 0 | |
| Balance sheet total | € 589,949,359 | € 372,289,788 | € 293,223,493 | € 355,654,786 | ▲ 21% |
| Employees (FTE) | 276.5 | 248.5 | 213.5 | 206.7 | ▼ 6.8 |
Key figures of Agfa HealthCare, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Agfa HealthCare?
What happened at Agfa HealthCare in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wilfried Van Lishout stepped down as director. NBB
- Door Hufkens stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 21.9 million (▲ 27% vs 2024). Source: NBB ↗
- PJY MANAGEMENT BV stepped down as director. NBB
- Wilfried Van Lishout became a director. NBB
- Door Hufkens became a director. NBB
- PJY MANAGEMENT BV became a director. NBB
- New establishment in Mortsel. KBO
In short
From € 1.8 million loss in 2021 to € 21.9 million profit in 2025.
Paid € 6.2 million in corporate taxes since 2021.
Best year ever: 2022, with € 31.8 million profit.
Paid out € 345 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Agfa-Gevaert NV (100%) and Agfa-Gevaert S.p.A. (0%). It owns 100% of AGFA Sp. z.o.o., 100% of Agfa HealthCare Netherlands, 100% of Agfa Healthcare AU Ltd, 100% of Agfa HealthCare IT Shanghai, 100% of Agfa HealthCare IT UK Ltd and 100% of Agfa HealthCare Middle East FZ - LLC itself.
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Wilfried Van Lishout
Director
since 2025 · until 2031
Door Hufkens
Director
since 2022 · until 2028
Shareholders
100%
Agfa-Gevaert S.p.A.
0%
Participations
AGFA Sp. z.o.o.
100%
Agfa HealthCare Netherlands
100%
Agfa Healthcare AU Ltd
100%
Agfa HealthCare IT Shanghai
100%
Agfa HealthCare IT UK Ltd
100%
Agfa HealthCare Middle East FZ - LLC
100%
Agfa Healthcare Sweden
100%
Agfa Healthcare Denmark
100%
Agfa Healthcare South-Africa pty Ltd
100%
Agfa Healthcare Spain SAU
100%
Agfa Healthcare Inc CA
100%
Agfa HealthCare Hong Kong limited
100%
Agfa Healthcare Singapore Pte ltd
100%
Agfa Healthcare Colombia ltda
100%
Agfa Healthcare Chile
100%
Agfa HealthCare Saudi Arabia Company Limited LLC
95%
Agfa Healthcare Corporation
7.4%
Establishments
Establishment units
Physical locations of this company
Septestraat 27
2640 Mortsel
Moutstraat 100
9000 Gent
Active since 17 November 2009
Septestraat 16
2640 Mortsel
Active since 1 January 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Agfa-Gevaert same network
€ 423.3 million revenue · 2025
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Luithagen
€ 4.9 million revenue · 2025
Pensioenfonds Agfa-Gevaert
AGFA FINANCE
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.003.524
- VAT number
- BE 0403.003.524
- Registered office
- Septestraat 27, 2640 Mortsel
- Names & denominations
- Agfa HealthCare
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 August 1950
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Groothandel in informatie- en communicatieapparatuur
Groothandel in foto- en filmapparatuur en in andere optische artikelen
Groothandel in foto- en filmapparatuur en in overige optische artikelen
Groothandel in computers, randapparatuur en software
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige activiteiten i .v.m. administratie, n.e.g.
Diverse administratieve activiteiten ten behoeve van kantoren