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 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
APOTHEEK ELZEDORP from Sint-Katelijne-Waver, company number BE0466358479, closed financial year 2025 with a result of € 37,435 after tax. For that financial year APOTHEEK ELZEDORP recorded a gross margin of € 157,181 and equity of € 129,380. Compared with financial year 2024, the result moved from € 50,769 to € 37,435. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 129,380
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,435
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 70,672
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 37,435 paid out
100 % of the profit went to the shareholders, mostly to MV-Management (100 % of the shares). That is where the money ends up.
People and assets in 2025
1.4
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 77,952
▼ 14% vs 2024
€ 55,700 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.
€ 12,139
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 388,436
▼ 6% vs 2024
€ 19,396 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 160,227
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,176
▼ 12% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 120,562 | € 150,945 | € 179,765 | € 157,181 | ▼ 13% |
| Profit after taxes | € 60,122 | € 22,762 | € 50,769 | € 37,435 | ▼ 26% |
| Equity | € 129,380 | € 129,380 | € 129,380 | € 129,380 | |
| Total debts | € 634,206 | € 656,833 | € 630,608 | € 659,020 | ▲ 5% |
| Cash | € 103,357 | € 89,538 | € 72,423 | € 70,672 | ▼ 2% |
| Land & buildings | € 490,966 | € 478,137 | € 465,308 | € 452,479 | ▼ 3% |
| Retained profit | € 67,406 | € 67,406 | € 67,406 | € 67,406 | |
| Dividend | € 60,000 | € 22,762 | € 50,769 | € 37,435 | ▼ 26% |
| Bank debt | € 464,203 | € 438,954 | € 413,064 | € 388,436 | ▼ 6% |
| Balance sheet total | € 763,586 | € 786,213 | € 759,988 | € 788,400 | ▲ 4% |
| Employees (FTE) | 0.6 | 1.7 | 1.3 | 1.4 | ▲ 0.1 |
Key figures of APOTHEEK ELZEDORP, 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 APOTHEEK ELZEDORP?
What happened at APOTHEEK ELZEDORP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 37,435 (▼ 26% vs 2024). Source: NBB ↗
- MV-Management BV became a director. NBB
- Darwin NV became a director. NBB
- New establishment in Sint-Katelijne-Waver. KBO
- Start of the company according to the CBE. KBO
In short
From € 60,122 profit in 2022 to € 37,435 profit in 2025.
Paid € 16,986 in corporate taxes since 2022.
Best year ever: 2022, with € 60,122 profit.
On average € 112,300 of value added per employee in 2025.
Management
The stake of MV-Management comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
APOTHEEK ELZEDORPBehind APOTHEEK ELZEDORP are MV-Management BV and Darwin NV. The shares are held by MV-Management (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Marie Van Den Broeck
Also active at: APOTHEEK DELANG - GOOSSENS
since 2022
Director · represented by Joris Mees
Also active at: MEES MANAGEMENT APOTHEEK, Columbus Group, ANTWERP PHARMACIES, MV-Management, Life Planning, DSA HOLDING, GLOBUS Q, COLUMBUS GROUP ADVICE +4 more
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Liersesteenweg 167
2860 Sint-Katelijne-Waver
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.358.479
- VAT number
- BE 0466.358.479
- Registered office
- Liersesteenweg 167, 2860 Sint-Katelijne-Waver
- Names & denominations
- APOTHEEK ELZEDORP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 June 1999
- Peppol
- Active · Active since 22 Oct 2025
- Activities · NACE
Detailhandel in farmaceutische producten
Apothekers