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 26.8 to 21.7.
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Busy address KBO
53 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Leo Pharma from Lier, company number BE0404780604, closed financial year 2025 with a result of € 615,360 after tax. For that financial year Leo Pharma recorded revenue of € 32.1 million and equity of € 9.9 million. Compared with financial year 2024, the result moved from € 684,266 to € 615,360. 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 May 6, 2026.
€ 9.9 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 615,360
▼ 10% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 9.3 million.
People and assets in 2025
21.7
▼ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.8 million
▼ 23% vs 2024
€ 174,700 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.1 million
▲ 184% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 67 days on average.
€ 998,721
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,955,217 | € 33,068,314 | € 33,908,105 | € 32,071,831 | ▼ 5% |
| Profit after taxes | € -167,620 | € 793,396 | € 684,266 | € 615,360 | ▼ 10% |
| Equity | € 7,841,442 | € 8,634,837 | € 9,319,104 | € 9,934,463 | ▲ 7% |
| Total debts | € 11,226,130 | € 8,834,742 | € 2,825,916 | € 5,117,671 | ▲ 81% |
| Retained profit | € 7,196,919 | € 7,990,314 | € 8,674,581 | € 9,289,940 | ▲ 7% |
| Balance sheet total | € 19,067,572 | € 17,469,580 | € 12,145,020 | € 15,052,134 | ▲ 24% |
| Employees (FTE) | 32.8 | 26.8 | 25 | 21.7 | ▼ 3.3 |
Key figures of Leo Pharma, 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 Leo Pharma?
What happened at Leo Pharma in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dilay Kücükkose stepped down as director. NBB
- Hilda DE SWAEF stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 615,360 (▼ 10% vs 2024). Source: NBB ↗
- Anders KRUGER stepped down as director. NBB
- Dilay Kücükkose became a director. NBB
- Anders KRUGER became a director. NBB
- Hilda DE SWAEF became a director. NBB
- New establishment in Lier. KBO
In short
From € 167,620 loss in 2022 to € 615,360 profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 793,396 profit.
Pays suppliers within 67 days on average.
Management
Directors
According to the 2025 annual accounts
Hilda DE SWAEF
Director
since 2022 · until 2028
Anders KRUGER
Director
since 2024 · until 2025
Dilay Kücükkose
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Duwijckstraat 17
2500 Lier
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 53 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Website info
Features
Security
Details
- Company number
- 0404.780.604
- VAT number
- BE 0404.780.604
- Registered office
- Duwijckstraat 17, 2500 Lier
- Names & denominations
- Leo Pharma
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 1967
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Groothandel in farmaceutische en medische artikelen
Groothandel in farmaceutische producten