Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.3 to 4.3.
Financials
Financial year 2025
FAGRON from Nazareth-De Pinte, company number BE0890535026, closed financial year 2025 with a result of € 50 million after tax. Compared with financial year 2024, the result moved from € 34 million to € 50 million. 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 June 8, 2026.
€ 573.3 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 50 million
▲ 47% vs 2024
Profit after tax over the fiscal year.
€ 17 million
▲ € 12.9 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 29.4 million paid out
59 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
4.3
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 851,340
▲ 8% vs 2024
€ 198,000 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.9 million
▲ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 421,482
▲ 59% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 2,583,485 | € 13,610,305 | € 34,004,464 | € 49,995,911 | ▲ 47% |
| Equity | € 540,871,564 | € 535,820,060 | € 544,331,607 | € 573,314,188 | ▲ 5% |
| Total debts | € 66,805,566 | € 70,805,858 | € 28,095,813 | € 32,725,079 | ▲ 16% |
| Cash | € 20,580,649 | € 6,657,179 | € 4,042,923 | € 16,984,519 | ▲ € 12.9 million |
| Retained profit | € 33,111,117 | € 24,766,288 | € 33,277,835 | € 53,918,767 | ▲ 62% |
| Dividend | € 18,174,588 | € 21,955,134 | € 25,492,917 | € 29,354,979 | ▲ 15% |
| Bank debt | € 47,199,122 | € 47,199,122 | € 0 | € 0 | |
| Balance sheet total | € 607,677,130 | € 606,625,917 | € 572,427,420 | € 606,039,267 | ▲ 6% |
| Employees (FTE) | 3.6 | 5.3 | 4.7 | 4.3 | ▼ 0.4 |
Key figures of FAGRON, 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 FAGRON?
What happened at FAGRON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ann Desender BV stepped down as director. NBB
- Robert Ten Hoedt stepped down as director. NBB
- Philip Klecka stepped down as director. NBB
- AHOK BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 50 million (▲ 47% vs 2024). Source: NBB ↗
- Rafael Padilla stepped down as director. NBB
- Ira Bindra stepped down as director. NBB
- Neeraj Sharma stepped down as director. NBB
In short
From € 2.6 million profit in 2022 to € 50 million profit in 2025.
Paid € 26,347 in corporate taxes since 2022.
Best year ever: 2025, with € 50 million profit.
Paid out € 95 million in dividends to the owners in total.
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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
Management
The shares are held by The Goldman Sachs Group, Inc. (17.9%), AOC Pharma sarl (11%), Mawer Investment Management Ltd. (4.9%), FMR LLC (4.1%), BNP Paribas Asset Management Holding (3.3%) and Aberdeen Group plc (3.2%). It owns 100% of Fagron BV (NL), 100% of Fagron Capital, 100% of ABC DENTAL & PHARMACEUTICAL, 20% of Hew Pharma and 18% of Bio Minerals itself.
Directors
According to the 2025 annual accounts
Philip Klecka
Director
since 2025 · until 2027
Klaus Röhrig
Director
since 2023 · until 2025
Rafael Padilla
Managing director
Also active at: FAGRON BELGIUM, PHARMA-PACK, ABC DENTAL AND PHARMACEUTICAL CONSULTANCY, FAGRON CAPITAL, FAGRON COMPOUNDING SERVICES
since 2022 · until 2026
Els Vandecandelaere LLC
Director · represented by Els Vandecandelaere
since 2023 · until 2025
Chairman of the board · represented by Koen Hoffman
Also active at: Greenyard, MDxHealth, SnowWorld International, Revive Fund Management, ALYCHLO
since 2023 · until 2027
Ira Bindra
Director
since 2025 · until 2026
Neeraj Sharma
Director
since 2022 · until 2026
Director · represented by Ann Desender
since 2025 · until 2029
Robert Ten Hoedt
Director
since 2024 · until 2028
since 2022 · until 2026
Shareholders
The Goldman Sachs Group, Inc.
17.9%
AOC Pharma sarl
11%
Mawer Investment Management Ltd.
4.9%
FMR LLC
4.1%
BNP Paribas Asset Management Holding
3.3%
Aberdeen Group plc
3.2%
Participations
Fagron BV (NL)
100%
100%
20%
18%
Establishments
Establishment units
Physical locations of this company
Venecoweg 20A
9810 Nazareth-De Pinte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
fagron.com
Registered
2002-09-09
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-09-09
Website info
Features
Security
Network
Details
- Company number
- 0890.535.026
- VAT number
- BE 0890.535.026
- Registered office
- Venecoweg 20A, 9810 Nazareth-De Pinte
- Names & denominations
- FAGRON
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 2007
- Peppol
- Active · Active since 1 Oct 2025
- Contact
- fagron.com [email protected]
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Holdings
Managementactiviteiten van holdings