Financials
Financial year 2025
MSM PHARMA from Ukkel, company number BE0898538417, closed financial year 2025 with a result of € 121,699 after tax. For that financial year MSM PHARMA recorded a gross margin of € 353,960 and equity of € 230,323. Compared with financial year 2024, the result moved from € 87,922 to € 121,699. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ 230,323
▲ 112% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 121,699
▲ 38% vs 2024
Profit after tax over the fiscal year.
€ 126,267
▲ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 224,123.
People and assets in 2025
2.8
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 84,117
▼ 13% vs 2024
€ 30,000 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.
€ 52,307
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 507,994
▼ 19% vs 2024
€ 99,145 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 109,320
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,116
▲ 60% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 282,616 | € 291,037 | € 315,630 | € 353,960 | ▲ 12% |
| Profit after taxes | € 75,176 | € 46,412 | € 87,922 | € 121,699 | ▲ 38% |
| Equity | € -25,711 | € 20,702 | € 108,624 | € 230,323 | ▲ 112% |
| Total debts | € 832,413 | € 803,263 | € 843,723 | € 689,311 | ▼ 18% |
| Cash | € 113,253 | € 46,369 | € 113,177 | € 126,267 | ▲ 12% |
| Land & buildings | € 402,746 | € 377,693 | € 352,641 | € 327,589 | ▼ 7% |
| Retained profit | € -31,911 | € 14,502 | € 102,424 | € 224,123 | ▲ 119% |
| Bank debt | € 677,612 | € 617,994 | € 623,505 | € 507,994 | ▼ 19% |
| Balance sheet total | € 811,702 | € 823,965 | € 952,346 | € 919,634 | ▼ 3% |
| Employees (FTE) | 2 | 2.7 | 2.4 | 2.8 | ▲ 0.4 |
Key figures of MSM PHARMA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MSM PHARMA?
What happened at MSM PHARMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 121,699 (▲ 38% vs 2024). Source: NBB ↗
- New establishment in Elsene. KBO
- New establishment in Vorst. KBO
- STEPHANE MAZILU became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 75,176 profit in 2022 to € 121,699 profit in 2025.
Paid € 174,750 in corporate taxes since 2022.
Best year ever: 2025, with € 121,699 profit.
On average € 126,400 of value added per employee in 2025.
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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
Directors
According to the 2025 annual accounts
STEPHANE MAZILU
Director
since 2008
Establishments
Establishment units
Physical locations of this company
Rittwegerstraat 40
1180 Ukkel
Franz Merjaystraat 42
1050 Elsene
Active since 8 February 2011
Molièrelaan 73
1190 Vorst
Active since 8 February 2011
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.
Details
- Company number
- 0898.538.417
- VAT number
- BE 0898.538.417
- Registered office
- Rittwegerstraat 40, 1180 Ukkel
- Names & denominations
- MSM PHARMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 2008
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Detailhandel in farmaceutische producten
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