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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MERCK from Hoeilaart, company number BE0403047965, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year MERCK recorded revenue of € 42.6 million and equity of € 21.1 million. Compared with financial year 2024, the result moved from € 1.1 million to € 1.1 million. The company is profitable. 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 June 19, 2026.
€ 21.1 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▼ 2% vs 2024
Profit after tax over the fiscal year.
€ 142
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 15.8 million.
People and assets in 2025
57.1
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12.8 million
▼ 3% vs 2024
€ 223,900 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.
€ 85,713
▼ 22% 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.
€ 2.2 million
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 26 days on average.
€ 3 million
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 60,734,447 | € 61,663,568 | € 57,290,534 | € 42,601,209 | ▼ 26% |
| Profit after taxes | € 3,336,472 | € 3,045,884 | € 1,115,230 | € 1,088,179 | ▼ 2% |
| Equity | € 23,815,159 | € 26,861,043 | € 19,976,273 | € 21,064,452 | ▲ 5% |
| Total debts | € 7,108,315 | € 6,639,041 | € 14,290,108 | € 5,537,398 | ▼ 61% |
| Cash | - | - | - | € 142 | |
| Retained profit | € 18,541,359 | € 21,587,243 | € 14,702,473 | € 15,790,651 | ▲ 7% |
| Dividend | € 0 | € 0 | € 8,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 30,923,474 | € 33,500,084 | € 34,266,381 | € 26,601,850 | ▼ 22% |
| Employees (FTE) | 54.9 | 57.5 | 55.7 | 57.1 | ▲ 1.4 |
Key figures of MERCK, fiscal years 2022 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 MERCK?
What happened at MERCK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Spasena Ivanova Yotova stepped down as director. NBB
- Susan King-Barnardo stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.1 million (▼ 2% vs 2024). Source: NBB ↗
- Susan King-Barnardo became a director. NBB
- Benoît Elichabe stepped down as director. NBB
- Spasena Ivanova Yotova became a director. NBB
- Benoît Elichabe became a director. NBB
- New establishment in Etterbeek. KBO
In short
From € 3.3 million profit in 2022 to € 1.1 million profit in 2025.
Paid € 3.6 million in corporate taxes since 2022.
Best year ever: 2022, with € 3.3 million profit.
Paid out € 8 million in dividends to the owners in total.
Management
The shares are held by Millipore International Holdings S.à r.l (100%).
Directors
According to the 2025 annual accounts
since 2026 · until 2026
Benoît Elichabe
Managing director
since 2021 · until 2026
since 2025 · until 2030
Shareholders
Millipore International Holdings S.à r.l
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ildefonse Vandammestraat 5/7B
1560 Hoeilaart
Ildefonse Vandammestraat 5/7 box B
1560 Hoeilaart
Active since 1 August 1951
Belliardstraat 15/17
1040 Etterbeek
Active since 22 July 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.047.965
- VAT number
- BE 0403.047.965
- Registered office
- Ildefonse Vandammestraat 5/7B, 1560 Hoeilaart
- Names & denominations
- MERCK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 August 1951
- Peppol
- Not registered
- Activities · NACE
Groothandel in farmaceutische en medische artikelen
Groothandel in farmaceutische producten