Financials
Financial year 2026
Novitan from Kortrijk, company number BE0446988767, closed financial year 2026 with a result of € 2.3 million after tax. For that financial year Novitan recorded a gross margin of € 4.2 million and equity of € 5.1 million. Compared with financial year 2025, the result moved from € 3 million to € 2.3 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2026.
€ 5.1 million
▲ 1% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.3 million
▼ 23% vs 2025
Profit after tax over the fiscal year.
€ 1.6 million
▲ 3% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 2.3 million paid out
99 % of the profit went to the shareholders, mostly to Oxico (100 % of the shares). That is where the money ends up.
People and assets in 2026
15.5
▲ 2.6 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 33% vs 2025
€ 90,700 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.
€ 95,885
▼ 17% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 6.9 million
€ 500,000 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 16.3 million
▲ € 15.1 million vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 227,516
▼ 5% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 4,522,817 | € 4,984,279 | € 4,803,894 | € 4,204,845 | ▼ 12% |
| Profit after taxes | € 2,992,450 | € 3,226,211 | € 3,042,633 | € 2,333,074 | ▼ 23% |
| Equity | € 4,950,459 | € 5,021,593 | € 5,059,170 | € 5,087,179 | ▲ 1% |
| Total debts | € 6,726,341 | € 5,773,309 | € 4,435,602 | € 25,107,578 | ▲ € 20.7 million |
| Cash | € 1,115,685 | € 428,529 | € 1,603,425 | € 1,649,158 | ▲ 3% |
| Retained profit | € 4,768,927 | € 4,845,138 | € 4,887,770 | € 4,920,845 | ▲ 1% |
| Dividend | € 2,800,000 | € 3,150,000 | € 3,000,000 | € 2,300,000 | ▼ 23% |
| Bank debt | € 227 | € 0 | € 0 | € 6,875,000 | |
| Balance sheet total | € 11,676,800 | € 10,794,902 | € 9,494,772 | € 30,194,757 | ▲ 218% |
| Employees (FTE) | 11.2 | 12.4 | 12.9 | 15.5 | ▲ 2.6 |
Key figures of Novitan, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Novitan?
What happened at Novitan in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 2.3 million (▼ 23% vs 2025). Source: NBB ↗
- Valoc BV stepped down as director. NBB
- Oxico NV stepped down as director. NBB
- Valoc BV became a director. NBB
- Oxico NV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 3 million profit in 2023 to € 2.3 million profit in 2026.
Paid € 2.2 million in corporate taxes since 2023.
Best year ever: 2024, with € 3.2 million profit.
On average € 271,300 of value added per employee in 2026.
Management
The stake of Oxico comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NovitanThe shares are held by Oxico (100%).
Directors
According to the 2026 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Evolis(Kor) 29
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
novitan.com
Registered
2019-02-12
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2027-02-12
Website info
Features
Security
Details
- Company number
- 0446.988.767
- VAT number
- BE 0446.988.767
- Registered office
- Evolis(Kor) 29, 8500 Kortrijk
- Names & denominations
- Novitan
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1992
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- novitan.com [email protected] 056 96 50 50
- Activities · NACE
Groothandel in farmaceutische en medische artikelen
Groothandel in farmaceutische producten