ELBARO is a pharmacy in Merelbeke-Melle. Private Limited, started on 5 October 2011.

What is the address of ELBARO?

The registered office of ELBARO is located at Gaversesteenweg 857, 9820 Merelbeke-Melle.

Is ELBARO still active?

Yes. According to the CBE (17 September 2026) ELBARO is active, legal situation “Normale toestand”, started on 5 October 2011.

Is ELBARO registered on Peppol?

Yes, ELBARO is registered on the Peppol network with ID 0208:0840065530.

What is the enterprise number of ELBARO?

The enterprise number of ELBARO is BE0840065530.

When was ELBARO founded?

ELBARO was founded on 5 October 2011.

Who are the directors of ELBARO?

According to the 2025 annual accounts, the directors of ELBARO are: Michael Storme, Annemiek Vranken.

Is ELBARO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 5 October 2011; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did ELBARO make in 2025?

ELBARO recorded a loss after taxes of € 108,999 in financial year 2025.

What is the revenue of ELBARO?

As a small company, ELBARO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 35,072.

ELBARO (Private Limited) - Merelbeke-Melle - BE0840065530

Dossier ELBARO, printed on 17 September 2026 from databakkes.be/en/0840065530/elbaro. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ELBARO from Merelbeke-Melle, company number BE0840065530, closed financial year 2025 with a result of € -108,999 after tax. For that financial year ELBARO recorded a gross margin of € 35,072 and equity of € 773,405. Compared with financial year 2024, the result moved from € -35,159 to € -108,999. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 15, 2026.

What it is worth Healthy

€ 773,405

▼ 12% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -108,999

▼ 210 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 29,208

▼ 80% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 332,823.

People and assets in 2025

Vehicles and equipment

€ 139,638

▲ € 118,346 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 13 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.4 million

▼ 6% vs 2024

€ 105,644 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.

Owed to suppliers

€ 20,828

▲ 205% vs 2024

Supplier invoices still open on the last day of the fiscal year.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 152,824 Gross margin 2022: € 152,824 First fiscal year in the series	€ 149,344 Gross margin 2023: € 149,344 ▼ 2% vs 2022 (€ 152,824) Unfavourable step	€ 37,763 Gross margin 2024: € 37,763 ▼ 75% vs 2023 (€ 149,344) Unfavourable step	€ 35,072 Gross margin 2025: € 35,072 ▼ 7% vs 2024 (€ 37,763) Unfavourable step	▼ 7%
Profit after taxes	€ 51,178 Profit after taxes 2022: € 51,178 First fiscal year in the series	€ 41,156 Profit after taxes 2023: € 41,156 ▼ 20% vs 2022 (€ 51,178) Unfavourable step	€ -35,159 Profit after taxes 2024: € -35,159 ▼ € 76,314 vs 2023 (€ 41,156) Unfavourable step	€ -108,999 Profit after taxes 2025: € -108,999 ▼ € 73,841 vs 2024 (€ -35,159) Unfavourable step	▼ € 73,841
Equity	€ 876,407 Equity 2022: € 876,407 First fiscal year in the series	€ 917,563 Equity 2023: € 917,563 ▲ 5% vs 2022 (€ 876,407) Favourable step	€ 882,405 Equity 2024: € 882,405 ▼ 4% vs 2023 (€ 917,563) Unfavourable step	€ 773,405 Equity 2025: € 773,405 ▼ 12% vs 2024 (€ 882,405) Unfavourable step	▼ 12%
Total debts	€ 1,339,138 Total debts 2022: € 1,339,138 First fiscal year in the series	€ 1,398,283 Total debts 2023: € 1,398,283 ▲ 4% vs 2022 (€ 1,339,138) Unfavourable step	€ 2,024,065 Total debts 2024: € 2,024,065 ▲ 45% vs 2023 (€ 1,398,283) Unfavourable step	€ 2,005,564 Total debts 2025: € 2,005,564 ▼ 1% vs 2024 (€ 2,024,065) Favourable step	▼ 1%
Cash	€ 74,155 Cash 2022: € 74,155 First fiscal year in the series	€ 101,884 Cash 2023: € 101,884 ▲ 37% vs 2022 (€ 74,155) Favourable step	€ 142,819 Cash 2024: € 142,819 ▲ 40% vs 2023 (€ 101,884) Favourable step	€ 29,208 Cash 2025: € 29,208 ▼ 80% vs 2024 (€ 142,819) Unfavourable step	▼ 80%
Land & buildings	€ 1,361,552 Land & buildings 2022: € 1,361,552 First fiscal year in the series	€ 1,329,330 Land & buildings 2023: € 1,329,330 ▼ 2% vs 2022 (€ 1,361,552) Unchanged	€ 1,297,107 Land & buildings 2024: € 1,297,107 ▼ 2% vs 2023 (€ 1,329,330) Unchanged	€ 2,133,305 Land & buildings 2025: € 2,133,305 ▲ 64% vs 2024 (€ 1,297,107) Unchanged	▲ 64%
Retained profit	€ 435,825 Retained profit 2022: € 435,825 First fiscal year in the series	€ 476,980 Retained profit 2023: € 476,980 ▲ 9% vs 2022 (€ 435,825) Favourable step	€ 441,822 Retained profit 2024: € 441,822 ▼ 7% vs 2023 (€ 476,980) Unfavourable step	€ 332,823 Retained profit 2025: € 332,823 ▼ 25% vs 2024 (€ 441,822) Unfavourable step	▼ 25%
Bank debt	€ 986,606 Bank debt 2022: € 986,606 First fiscal year in the series	€ 902,373 Bank debt 2023: € 902,373 ▼ 9% vs 2022 (€ 986,606) Favourable step	€ 1,455,327 Bank debt 2024: € 1,455,327 ▲ 61% vs 2023 (€ 902,373) Unfavourable step	€ 1,364,408 Bank debt 2025: € 1,364,408 ▼ 6% vs 2024 (€ 1,455,327) Favourable step	▼ 6%
Balance sheet total	€ 2,215,545 Balance sheet total 2022: € 2,215,545 First fiscal year in the series	€ 2,315,846 Balance sheet total 2023: € 2,315,846 ▲ 5% vs 2022 (€ 2,215,545) Unchanged	€ 2,906,470 Balance sheet total 2024: € 2,906,470 ▲ 26% vs 2023 (€ 2,315,846) Unchanged	€ 2,778,969 Balance sheet total 2025: € 2,778,969 ▼ 4% vs 2024 (€ 2,906,470) Unchanged	▼ 4%

Key figures of ELBARO, 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 ELBARO?

What happened at ELBARO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Sep 15, 2026 New annual accounts for financial year 2025: loss of € 108,999. filed late Source: NBB ↗
Oct 5, 2011 Start of the company according to the CBE. KBO

In short

From € 51,178 profit in 2022 to € 108,999 loss in 2025.

Paid € 36,754 in corporate taxes since 2022.

Best year ever: 2022, with € 51,178 profit.

Original PDFs at the National Bank ↗

A new publication or filing at ELBARO? We notify you, reason included.

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My folder 3 companies

De Lijn 8 June 2026 New annual account 2025

filed on 8 June 2026

What was left

€ 20 k ▼ 91%
Money in the bank

€ 178 k ▼ 98%

Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit

Real filings at the National Bank

Management

Michael Storme

Annemiek Vranken

ELBARO

Apotheek Storme 63%

Behind ELBARO are Michael Storme and Annemiek Vranken. It owns 63% of Apotheek Storme itself.

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Directors

According to the 2025 annual accounts

Michael Storme

Manager

Annemiek Vranken

Manager

Establishments

Establishment units

Physical locations of this company

Registered office

Gaversesteenweg 857

9820 Merelbeke-Melle

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

GROEP STORME-VRANKEN

APOTHEEK STORME same network

€ 368,689 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0840.065.530
VAT number: BE 0840.065.530
Registered office: Gaversesteenweg 857, 9820 Merelbeke-Melle
Names & denominations: ELBARO
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 5 October 2011
Peppol: Active · Active since 1 Jan 2001
Activities · NACE: Detailhandel in farmaceutische producten

View on CBE Public ↗ Annual accounts (NBB) ↗