Financials
Financial year 2025
Worth noting
- The team shrank two years in a row.
- Little cash and receivables against the short-term debts.
- Figures corrected afterwards (2024).
Revenue
€ 52.7 million
▲ 4% vs 2024
Profit
Healthy€ 1.1 million
▼ 21% vs 2024
Debts
High€ 22.7 million
▲ 18% vs 2024
MSD Animal Health from Watermaal-Bosvoorde, company number BE0453699385, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year MSD Animal Health recorded revenue of € 52.7 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € 1.4 million to € 1.1 million. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
What happened at MSD Animal Health?
What happened at MSD Animal Health in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.1 million (▼ 21% vs 2024). Source: NBB ↗
- Michel Deinum stepped down as director. NBB
- Ciar Harbord became a director. NBB
- Mairéad McCaul became a director. NBB
- Michel Deinum became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 842,050 profit in 2022 to € 1.1 million profit in 2025.
Paid € 2.2 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.4 million profit.
Paid out € 10 million in dividends to the owners in total.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
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Management
Behind MSD Animal Health are Ciar Harbord and Mairéad McCaul. The shares are held by Intervet Holding B.V (75%) and Vetrex B.V. (25%).
Directors
According to the 2025 annual accounts
since 2025
Mairéad McCaul
Director
since 2024
Michel Deinum
Director
since 2023 · until 2026
Shareholders
Intervet Holding B.V
75%
Vetrex B.V.
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vorstlaan 25
1170 Watermaal-Bosvoorde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
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Details
- Company number
- 0453.699.385
- VAT number
- BE 0453.699.385
- Registered office
- Vorstlaan 25, 1170 Watermaal-Bosvoorde
- Names & denominations
- MSD Animal Health
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 October 1994
- Peppol
- Active · Active since 31 Oct 2025
- Activities · NACE
Groothandel in farmaceutische en medische artikelen
Groothandel in farmaceutische producten