What does GRUNENTHAL do?

GRUNENTHAL is registered with the CBE as active in: Groothandel in farmaceutische producten. Public Limited, started on 12 October 1966, 1 establishment.

What is the address of GRUNENTHAL?

The registered office of GRUNENTHAL is located at Lenneke Marelaan 8, 1932 Zaventem.

Is GRUNENTHAL still active?

Yes. According to the CBE (30 October 2026) GRUNENTHAL is active, legal situation “Normale toestand”, started on 12 October 1966.

Is GRUNENTHAL registered on Peppol?

Yes, GRUNENTHAL is registered on the Peppol network with ID 0208:0403085874.

What is the enterprise number of GRUNENTHAL?

The enterprise number of GRUNENTHAL is BE0403085874.

When was GRUNENTHAL founded?

GRUNENTHAL was founded on 12 October 1966.

Who are the directors of GRUNENTHAL?

According to the 2025 annual accounts, the directors of GRUNENTHAL are: Laurence Verstappen, Geert Bammens, Cornelia Looije.

Is GRUNENTHAL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 October 1966; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did GRUNENTHAL make in 2025?

GRUNENTHAL posted a profit after taxes of € 2,216,583 in financial year 2025.

What is the revenue of GRUNENTHAL?

In its most recent annual accounts (2025), GRUNENTHAL reported revenue of € 39,276,527.

How much does an employee at GRUNENTHAL earn?

The average wage cost per full-time employee at GRUNENTHAL was € 160,400 in 2025: staff costs of € 4.6 million for 28.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does GRUNENTHAL have?

According to the 2025 annual accounts, GRUNENTHAL has 28.8 full-time equivalents (FTE).

GRUNENTHAL (Public Limited) - Zaventem - BE0403085874

Dossier GRUNENTHAL, printed on 30 October 2026 from databakkes.be/en/0403085874/grunenthal. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Figures corrected NBB

Corrected annual account filed for 2023.
Busy address KBO

15 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

GRUNENTHAL from Zaventem, company number BE0403085874, closed financial year 2025 with a result of € 2.2 million after tax. For that financial year GRUNENTHAL recorded revenue of € 39.3 million and equity of € 5.1 million. Compared with financial year 2024, the result moved from € 1.4 million to € 2.2 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.

What it is worth Growing

€ 5.1 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 2.2 million

▲ 59% vs 2024

Profit after tax over the fiscal year.

Where the profit goes Pays out

€ 2 million paid out

90 % of the profit went to the shareholders, mostly to Grünenthal GmbH NV (99 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

28.8

▲ 5.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4.6 million

▲ 29% vs 2024

€ 160,400 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.

Vehicles and equipment

€ 67,084

▼ 13% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 4.1 million

▼ 17% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.

Taxes and wages

€ 1.3 million

▲ 31% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 22,660,027 Revenue 2022: € 22,660,027 First fiscal year in the series	€ 33,827,566 Revenue 2023: € 33,827,566 ▲ 49% vs 2022 (€ 22,660,027) Favourable step	€ 38,508,387 Revenue 2024: € 38,508,387 ▲ 14% vs 2023 (€ 33,827,566) Favourable step	€ 39,276,527 Revenue 2025: € 39,276,527 ▲ 2% vs 2024 (€ 38,508,387) Favourable step	▲ 2%
Profit after taxes	€ 1,119,553 Profit after taxes 2022: € 1,119,553 First fiscal year in the series	€ 1,099,949 Profit after taxes 2023: € 1,099,949 ▼ 2% vs 2022 (€ 1,119,553) Unfavourable step	€ 1,391,102 Profit after taxes 2024: € 1,391,102 ▲ 26% vs 2023 (€ 1,099,949) Favourable step	€ 2,216,583 Profit after taxes 2025: € 2,216,583 ▲ 59% vs 2024 (€ 1,391,102) Favourable step	▲ 59%
Equity	€ 6,415,128 Equity 2022: € 6,415,128 First fiscal year in the series	€ 3,515,076 Equity 2023: € 3,515,076 ▼ 45% vs 2022 (€ 6,415,128) Unfavourable step	€ 4,906,179 Equity 2024: € 4,906,179 ▲ 40% vs 2023 (€ 3,515,076) Favourable step	€ 5,122,762 Equity 2025: € 5,122,762 ▲ 4% vs 2024 (€ 4,906,179) Favourable step	▲ 4%
Total debts	€ 6,967,844 Total debts 2022: € 6,967,844 First fiscal year in the series	€ 10,865,404 Total debts 2023: € 10,865,404 ▲ 56% vs 2022 (€ 6,967,844) Unfavourable step	€ 9,138,511 Total debts 2024: € 9,138,511 ▼ 16% vs 2023 (€ 10,865,404) Favourable step	€ 11,112,739 Total debts 2025: € 11,112,739 ▲ 22% vs 2024 (€ 9,138,511) Unfavourable step	▲ 22%
Retained profit	€ 4,415,128 Retained profit 2022: € 4,415,128 First fiscal year in the series	€ 1,515,076 Retained profit 2023: € 1,515,076 ▼ 66% vs 2022 (€ 4,415,128) Unfavourable step	€ 2,906,179 Retained profit 2024: € 2,906,179 ▲ 92% vs 2023 (€ 1,515,076) Favourable step	€ 3,122,762 Retained profit 2025: € 3,122,762 ▲ 7% vs 2024 (€ 2,906,179) Favourable step	▲ 7%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 4,000,000 Dividend 2023: € 4,000,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 4,000,000) Unchanged	€ 2,000,000 Dividend 2025: € 2,000,000 Unchanged (€ 0) Unchanged
Balance sheet total	€ 13,382,972 Balance sheet total 2022: € 13,382,972 First fiscal year in the series	€ 14,380,480 Balance sheet total 2023: € 14,380,480 ▲ 7% vs 2022 (€ 13,382,972) Unchanged	€ 14,044,690 Balance sheet total 2024: € 14,044,690 ▼ 2% vs 2023 (€ 14,380,480) Unchanged	€ 16,235,501 Balance sheet total 2025: € 16,235,501 ▲ 16% vs 2024 (€ 14,044,690) Unchanged	▲ 16%
Employees (FTE)	22.3 Employees (FTE) 2022: 22.3 First fiscal year in the series	22.4 Employees (FTE) 2023: 22.4 ▲ 0.1 vs 2022 (22.3) Unchanged	23.2 Employees (FTE) 2024: 23.2 ▲ 0.8 vs 2023 (22.4) Unchanged	28.8 Employees (FTE) 2025: 28.8 ▲ 5.6 vs 2024 (23.2) Unchanged	▲ 5.6

Key figures of GRUNENTHAL, 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 GRUNENTHAL?

What happened at GRUNENTHAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Laurence Verstappen stepped down as director. NBB
2027 Geert Bammens stepped down as director. NBB
2027 Cornelia Looije stepped down as director. NBB
Jul 10, 2026 New annual accounts for financial year 2025: profit of € 2.2 million (▲ 59% vs 2024). Source: NBB ↗
2025 Laurence Verstappen became a director. NBB
2021 Geert Bammens became a director. NBB
2021 Cornelia Looije became a director. NBB
Apr 1, 1967 New establishment in Zaventem. KBO

In short

From € 1.1 million profit in 2022 to € 2.2 million profit in 2025.

Paid € 1.9 million in corporate taxes since 2022.

Best year ever: 2025, with € 2.2 million profit.

Paid out € 6 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Grünenthal GmbH NV 99%

Proto-Chemicals AG NV 1%

GRUNENTHAL

The shares are held by Grünenthal GmbH NV (99%) and Proto-Chemicals AG NV (1%).

Directors

According to the 2025 annual accounts

Laurence Verstappen

Managing director

since 2025 · until 2031

Geert Bammens

Managing director

since 2021 · until 2027

Cornelia Looije

Managing director

since 2021 · until 2027

Shareholders

Grünenthal GmbH NV

99%

Proto-Chemicals AG NV

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Lenneke Marelaan 8

1932 Zaventem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.

All companies at this address →

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IMAGIA

ALMA COURT INVEST

DAMOVO BELGIUM

€ 12.3 million revenue · 2021

+10 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

0403.085.874

VAT number

BE 0403.085.874

Registered office

Lenneke Marelaan 8, 1932 Zaventem

Names & denominations

GRUNENTHAL

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

12 October 1966

Peppol

Active · Active since 20 Jan 2026

Activities · NACE

Groothandel in farmaceutische producten

Groothandel in farmaceutische en medische artikelen

View on CBE Public ↗ Annual accounts (NBB) ↗

GRUNENTHAL

Warning lights

Financials

What happened to GRUNENTHAL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions