Ranking · Wallonia · NACE 21
Manufacture of basic pharmaceutical products and pharmaceutical preparations: highest revenue in Wallonia
As of 14 Nov 2026, 46 companies in Manufacture of basic pharmaceutical products and pharmaceutical preparations (NACE 21) in Wallonia publish their revenue in recent accounts (financial years 2023 to 2026). The top 10 account for €8.75bn, out of €9.18bn for all of them; median revenue is €11.5m. GlaxoSmithKline Biologicals leads with €7.44bn (financial year 2025).
Top 46 · Manufacture of basic pharmaceutical products and pharmaceutical preparations · Wallonia
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | GlaxoSmithKline Biologicals 1330 Rixensart | €17.8bn | €7.44bn | €9.98bn | 8,371.0 | 2025 |
| 2 | Baxalta Belgium Manufacturing 7860 Lessines | €713.1m | €374.2m | €560.0m | 1,196.8 | 2026 |
| 3 | Telix Innovations 4040 Herstal | €473.4m | €243.8m | €116.7m | 19.8 | 2025 |
| 4 | PolyPeptide 1420 Braine-l'Alleud | €331.7m | €156.1m | €103.8m | 485.0 | 2025 |
| 5 | Molnlycke Health Care 4300 Waremme | €42.1m | €123.2m | €14.5m | 299.5 | 2025 |
| 6 | Baxter 7860 Lessines | €160.0m | €106.6m | €83.8m | 901.3 | 2025 |
| 7 | S.M.B. Technology 6900 Marche-en-Famenne | €56.8m | €94.5m | €19.6m | 129.0 | 2025 |
| 8 | Odyssea Pharma 4460 Grâce-Hollogne | €91.0m | €76.2m | €76.4m | 62.4 | 2025 |
| 9 | Physiol 4031 Liège | €245.1m | €66.4m | €78.4m | 159.1 | 2025 |
| 10 | Cenexi - Laboratoires Thissen 1420 Braine-l'Alleud | €49.8m | €65.1m | €17.1m | 351.4 | 2025 |
| 11 | Tilman 5377 Somme-Leuze | €43.2m | €58.2m | €12.8m | 212.0 | 2025 |
| 12 | Kaneka Eurogentec 4102 Seraing | €115.4m | €49.4m | −4,334 € | 379.2 | 2026 |
| 13 | IRE ELiT 6220 Fleurus | €19.5m | €44.6m | €14.2m | 54.0 | 2025 |
| 14 | SMI 4780 Sankt Vith | €25.8m | €35.0m | €14.0m | 12.9 | 2025 |
| 15 | S.A. Laboratoires Pharmaceutiques Trenker 1402 Nivelles | €16.1m | €29.0m | €6.35m | 88.2 | 2025 |
| 16 | Will - Pharma 1301 Wavre | €9.73m | €17.8m | €4.66m | 27.1 | 2025 |
| 17 | Belgian Diagnostic Company 6900 Marche-en-Famenne | €8.49m | €17.7m | €1.86m | 134.4 | 2025 |
| 18 | BePharBel Manufacturing 6180 Courcelles | €27.4m | €17.0m | €10.4m | 100.2 | 2025 |
| 19 | DIAsource ImmunoAssays S.A. 1348 Ottignies-Louvain-la-Neuve | €10.1m | €16.7m | €4.41m | 80.9 | 2025 |
| 20 | Telix Pharmaceuticals (Belgium) 7180 Seneffe | €57.1m | €14.9m | 515,466 € | 51.0 | 2025 |
| 21 | Unisensor 4102 Seraing | €19.2m | €12.5m | €13.7m | 59.1 | 2025 |
| 22 | Minakem High Potent 1435 Mont-Saint-Guibert | €32.5m | €12.2m | −€19.4m | 67.8 | 2025 |
| 23 | Laboratoires Lohmann & Rauscher 4000 Liège | €4.03m | €12.2m | €2.04m | 25.9 | 2025 |
| 24 | Medi - Line 4031 Liège | €8.88m | €10.9m | €3.78m | 56.6 | 2025 |
| 25 | Galephar M/F 6900 Marche-en-Famenne | €21.6m | €10.8m | €19.6m | 38.8 | 2025 |
| 26 | Catalent Gosselies 6041 Charleroi | €24.2m | €10.0m | −€131.0m | 146.5 | 2025 |
| 27 | Exothera 6040 Charleroi | €35.7m | €9.95m | €4.64m | 139.2 | 2023 |
| 28 | Cellistic 1435 Mont-Saint-Guibert | €41.6m | €8.65m | −€44.3m | 61.2 | 2025 |
| 29 | Quantoom Biosciences 1400 Nivelles | €57.3m | €8.27m | −€1.18m | 69.1 | 2023 |
| 30 | Besins Healthcare Pharmtech 4102 Seraing | €23.7m | €7.57m | −€9.49m | 41.1 | 2025 |
| 31 | Thymolux 6900 Marche-en-Famenne | €6.46m | €6.41m | €4.87m | 23.9 | 2025 |
| 32 | Hyloris Developments 4000 Liège | €20.6m | €5.06m | €17.9m | 12.2 | 2025 |
| 33 | Prevor 4031 Liège | €3.75m | €3.94m | €1.35m | 19.0 | 2025 |
| 34 | Maco - Pharma Benelux 7700 Mouscron | €4.19m | €3.68m | €3.05m | 5.0 | 2025 |
| 35 | Curium PET Liège 4000 Liège | €1.86m | €2.77m | −€2.70m | 12.2 | 2025 |
| 36 | Sartorius Xpress Biologics 4041 Herstal | €10.9m | €2.41m | −€9.49m | 76.2 | 2025 |
| 37 | Unizima 6040 Charleroi | €7.49m | €1.82m | €5.30m | 8.2 | 2023 |
| 38 | Phoenix Biosciences 1400 Nivelles | €8.11m | €1.30m | €3.68m | 8.3 | 2025 |
| 39 | Immo 056 7700 Mouscron | €7.03m | €1.02m | €1.53m | — | 2025 |
| 40 | XpressBioX 4041 Herstal | €8.92m | 198,000 € | €8.90m | — | 2025 |
| 41 | Brupharm Pharmalab 7011 Mons | 298,430 € | 175,274 € | −102,855 € | — | 2025 |
| 42 | ExoXpert 4000 Liège | €2.05m | 42,100 € | −€3.90m | 8.3 | 2025 |
| 43 | SDK Consulting 4260 Braives | 130,582 € | 35,699 € | 126,237 € | — | 2025 |
| 44 | Inteliphage 1348 Ottignies-Louvain-la-Neuve | €12.6m | 22,546 € | €3.19m | 16.1 | 2025 |
| 45 | Chareco 1300 Wavre | 575,128 € | 22,188 € | 336,915 € | — | 2025 |
| 46 | Theratopix Pharma 4000 Liège | 146,427 € | 20,376 € | −110,818 € | 0.3 | 2025 |
Ranking based on each company's own annual accounts (statutory, not consolidated): a subsidiary and its parent appear separately, and the ranking differs from lists based on consolidated group accounts. These are the revenue figures published in the annual accounts. Small companies (micro and abridged accounts) do not have to publish theirs: they do not appear in this ranking.
Manufacture of basic pharmaceutical products and pharmaceutical preparations across Belgium → All sectors · Wallonia →
Other sectors · Wallonia
- 01 Crop and animal production, hunting and related service activities240
- 02 Forestry and logging49
- 08 Other mining and quarrying37
- 10 Manufacture of food products214
- 11 Manufacture of beverages37
- 13 Manufacture of textiles28
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials61
- 17 Manufacture of paper and paper products15
- 18 Printing and reproduction of recorded media47
- 20 Manufacture of chemicals and chemical products80
- 22 Manufacture of rubber and plastic products42
- 23 Manufacture of other non-metallic mineral products86
- 24 Manufacture of basic metals43
- 25 Manufacture of fabricated metal products, except machinery and equipment180
- 26 Manufacture of computer, electronic and optical products38
- 27 Manufacture of electrical equipment36
- 28 Manufacture of machinery and equipment n.e.c.71
- 29 Manufacture of motor vehicles, trailers and semi-trailers16
- 30 Manufacture of other transport equipment13
- 31 Manufacture of furniture26
- 32 Other manufacturing39
- 33 Repair, maintenance and installation of machinery and equipment53
- 35 Electricity, gas, steam and air conditioning supply64
- 37 Sewerage13
- 38 Waste collection, recovery and disposal activities64
- 41 Construction of residential and non-residential buildings401
- 42 Civil engineering77
- 43 Specialised construction activities959
- 46 Wholesale trade927
- 47 Retail trade1,359
- 49 Land transport and transport via pipelines246
- 52 Warehousing, storage and support activities for transportation104
- 53 Postal and courier activities19
- 55 Accommodation117
- 56 Food and beverage service activities565
- 58 Publishing activities38
- 59 Motion picture, video and television programme production, sound recording and music publishing activities53
- 61 Telecommunication18
- 62 Computer programming, consultancy and related activities309
- 63 Computing infrastructure, data processing, hosting and other information service activities31
- 64 Financial service activities, except insurance and pension funding321
- 66 Activities auxiliary to financial services and insurance activities127
- 68 Real estate activities852
- 69 Legal and accounting activities276
- 70 Activities of head offices and management consultancy642
- 71 Architectural and engineering activities; technical testing and analysis267
- 72 Scientific research and development36
- 73 Activities of advertising, market research and public relations111
- 74 Other professional, scientific and technical activities57
- 75 Veterinary activities39
- 77 Rental and leasing activities59
- 78 Employment activities39
- 79 Travel agency, tour operator and other reservation service and related activities32
- 80 Investigation and security activities15
- 81 Services to buildings and landscape activities144
- 82 Office administrative, office support and other business support activities180
- 84 Public administration and defence; compulsory social security13
- 85 Education314
- 86 Human health activities580
- 87 Residential care activities201
- 88 Social work activities without accommodation174
- 90 Arts creation and performing arts activities95
- 91 Libraries, archives, museums and other cultural activities20
- 92 Gambling and betting activities12
- 93 Sports activities and amusement and recreation activities118
- 94 Activities of membership organisations100
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles130
- 96 Personal service activities171
Municipalities with the most companies in the sector · Wallonia
- 4000 Liège (Glain, Rocourt)21
- 6900 Marche-en-Famenne (Aye, Hargimont, Humain, …)6
- 1348 Ottignies-Louvain-la-Neuve (Louvain-La-Neuve)5
- 1400 Nivelles (Monstreux)5
- 1410 Waterloo5
- 6041 Charleroi (Gosselies)5
- 1300 Wavre (Limal)4
- 1380 Lasne (Couture-Saint-Germain, Lasne-Chapelle-Saint-Lambert, Maransart, …)4
- 1480 Tubize (Clabecq, Oisquercq, Saintes)4
- 4031 Liège (Angleur)4
- 7000 Mons4
- 7700 Mouscron (Luingne)4
Frequently asked questions
Which company in Manufacture of basic pharmaceutical products and pharmaceutical preparations in Wallonia has the highest revenue?
GlaxoSmithKline Biologicals, with €7.44bn of published revenue (financial year 2025).
Why are some companies missing?
Small companies (micro and abridged accounts) do not have to publish their revenue: only the 46 that publish it, out of 196 companies in the sector in the area, are ranked.
Why does this ranking differ from other lists?
It uses each company's annual accounts as filed with the National Bank, not consolidated group accounts. A holding, a subsidiary or a purchasing entity can therefore appear separately. Only companies whose latest accounts are less than 3 years old are ranked.
Idonis
Analyse companies · Wallonia
Filter these companies by size, soundness and trend, follow them and get an alert when their accounts or publications change.
Open the full file →Free account in 30 seconds, by email. No bank card.
Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 14 Nov 2026.