Warning lights
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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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 27.7 to 19.8.
Financials
Financial year 2025
INVEDA from Oostende, company number BE0432969891, closed financial year 2025 with a result of € 594,129 after tax. For that financial year INVEDA recorded a gross margin of € 2.5 million and equity of € 6.6 million. Compared with financial year 2024, the result moved from € -1.3 million to € 594,129. 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 July 17, 2026.
€ 6.6 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 594,129
▲ still € 1.3 million loss in 2024
Profit after tax over the fiscal year.
€ 502,425
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 6.2 million.
People and assets in 2025
19.8
▼ 5.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 21% vs 2024
€ 68,600 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.
€ 184,577
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.4 million
▼ 59% vs 2024
€ 164,919 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1.7 million
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 148,138
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,394,039 | € 1,963,790 | € 1,835,552 | € 2,530,966 | ▲ 38% |
| Profit after taxes | € -463,302 | € -496,222 | € -1,250,307 | € 594,129 | ▲ € 1.8 million |
| Equity | € 7,799,665 | € 7,303,443 | € 6,053,136 | € 6,640,237 | ▲ 10% |
| Total debts | € 12,004,976 | € 11,863,210 | € 7,861,581 | € 6,945,923 | ▼ 12% |
| Cash | € 199,236 | € 132,583 | € 588,185 | € 502,425 | ▼ 15% |
| Land & buildings | € 4,927,372 | € 4,786,378 | € 4,625,589 | € 3,546,870 | ▼ 23% |
| Retained profit | € 7,371,217 | € 6,874,995 | € 5,624,688 | € 6,218,818 | ▲ 11% |
| Bank debt | € 6,630,421 | € 5,704,287 | € 3,368,085 | € 1,382,109 | ▼ 59% |
| Balance sheet total | € 19,804,641 | € 19,166,653 | € 13,914,717 | € 13,586,160 | ▼ 2% |
| Employees (FTE) | 27.8 | 27.7 | 25.1 | 19.8 | ▼ 5.3 |
Key figures of INVEDA, 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 INVEDA?
What happened at INVEDA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 594,129. Source: NBB ↗
- New establishment in Bredene. KBO
- New establishment in Koksijde. KBO
- New establishment in Oostende. KBO
- New establishment in Oostende. KBO
- New establishment in Middelkerke. KBO
- New establishment in Koksijde. KBO
- New establishment in Oostende. KBO
In short
From € 463,302 loss in 2022 to € 594,129 profit in 2025.
Paid € 3,448 in corporate taxes since 2022.
Best year ever: 2025, with € 594,129 profit.
On average € 127,800 of value added per employee in 2025.
Management
Behind INVEDA are Deltic BV and Daniel Dedrie. The same people are also behind APOTHEEK VERLINDE, Apotheek Albert I, APOTHEEK CARBONEZ and IMMOVEDA. Deltic BV is also behind APOTHEEK VALCKE and Apotheek Verstraete Izegem.
Directors
According to the 2025 annual accounts
Director · represented by Vicky Dedrie
Also active at: APOTHEEK VALCKE, APOTHEEK VERLINDE, Apotheek Albert I, Apotheek Verstraete Izegem, APOTHEEK CARBONEZ, IMMOVEDA
Daniel Dedrie
Director
Also active at: APOTHEEK VERLINDE, Apotheek Albert I, APOTHEEK CARBONEZ, IMMOVEDA
Establishments
Establishment units
Physical locations of this company
Eduard Hammanstraat 44
8400 Oostende
Nieuwpoortsesteenweg 629
8400 Oostende
Active since 3 February 1988
Kerkstraat 60
8430 Middelkerke
Active since 1 July 1997
Leopold II Laan(Odk) 57
8670 Koksijde
Active since 1 July 1990
Vlaanderenstraat 1
8400 Oostende
Active since 31 October 2002
Leopold II Laan(Odk) 256
8670 Koksijde
Active since 7 February 2013
Peter Benoitlaan 2A
8450 Bredene
Active since 1 January 2023
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
UPCLOUD, FI
Website info
Features
Security
Network
Details
- Company number
- 0432.969.891
- VAT number
- BE 0432.969.891
- Registered office
- Eduard Hammanstraat 44, 8400 Oostende
- Names & denominations
- INVEDA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1987
- Peppol
- Active · Active since 3 Jun 2025
- Contact
- apotheekpharveda.be
- Activities · NACE
Detailhandel in farmaceutische producten
Overige activiteiten i .v.m. administratie, n.e.g.
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Diverse administratieve activiteiten ten behoeve van kantoren