ACTIVE

L'Economie Populaire

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Financial year 2025 · Closed on 31/12/2025

Net result338 k €-87,8 %over 1 year
Revenue172,9 M €+5,0 %over 1 year
Equity14,9 M €-2,7 %over 1 year
Workforce631,4 ETP-0,3 %over 1 year

Identity

Source · BCE/KBO

L'Economie Populaire is a Cooperative society incorporated in 1919. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Ciney. It employs on average 631,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0401.388.176
Incorporation
07/05/1919
Legal form
Cooperative society
Registered office
Rue Edouard Dinot 32
5590 Ciney · WallonieSee on map
Contributed capital
11 550 000,00 €
Latest accounts
31/12/2025
Average workforce
631,4 ETP
Joint committees (1)
  • 313
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 76 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue172,9 M €164,7 M €158,5 M €150,5 M €142,5 M €
EBITDA4,6 M €4,5 M €3,1 M €3,7 M €4 M €
Operating result1,6 M €1,5 M €305,5 k €456,8 k €1,1 M €
Net result338 k €2,8 M €113,3 k €664,5 k €755,9 k €
Balance sheet
Equity14,9 M €15,3 M €13,2 M €13,4 M €13,7 M €
Total assets114,7 M €105,8 M €107,8 M €105,4 M €100,3 M €
Cash3 M €2 M €1,6 M €5,8 M €3,3 M €
Debts99 M €87,8 M €91,4 M €88,1 M €81,7 M €
Other
Workforce631,4 ETP633,3 ETP623,9 ETP602,9 ETP587,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 29 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Christian KUNSCH
Chairman of the board of directors10/05/2019 → 23/05/2031
Eric ALBERTUCCIO
Director16/05/2025 → 23/05/2031
Eric SPIESSENS
Director01/11/2007 → 23/05/2031
Hilde DEWOLF
Director10/05/2019 → 23/05/2031
JEAN MARC RICHARD
Director24/05/2024 → 23/05/2031
Michel VANHAEREN
Director28/06/2018 → 23/05/2031
Pierre PHILIPPOT
Director07/05/2004 → 23/05/2031
JEROEN BOGAERTS
Director25/04/2024 → 15/05/2028
Thibauly DEHAES
Managing director20/11/2023 → 15/05/2029
Régis LANOVE
Director15/05/2020 → 15/05/2028
Marc TINANT
Director21/05/2021 → 15/05/2027Vice-chairman of the board of directors09/05/2003 → 30/04/2024endedManaging directorended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Claude ROLIN
Director24/05/2025 → 15/05/2027
Frédéric POSSEMIERS
Director16/05/2025 → 19/12/2025
Pascal PEETERS
Directorsince 25/06/2020

Other companies at this address

Rue Edouard Dinot 32 5590 Ciney
CompanyCBE no.
Familia Real Estate● Active
0402.443.496
NEW FAMILIA● Active
0888.570.082
Pharmacie Coppe● Active
0829.225.086
Pharmacie de la Semois● Active
0431.514.101
Pharmacie DEMANET● Active
0878.190.191
PHARMACIE DU PETIT RY● Active
0844.814.471
PHARMACIE DU PRINCE D'ORANGE● Active
0809.640.192
PHARMACIE DU VALDUC● Active
0462.999.311
PHARMACIE DU XII● Active
0661.724.397
Pharmacie Pirot-Grosjean● Active
0823.006.792
PHARMACIE RENARD● Active
0479.272.941
PHARMACIE SANTIS DES CORETTES● Active
0458.207.313
PHARMACIE THAUVIN● Active
0693.816.452
PHARMA GUILLAUME● Active
0656.563.207
Respectable Vehicle Collectors Club● Active
0419.309.026
SANTIS MARKET● Active
0742.840.549

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/06/202613/06/202504/06/202409/06/202302/11/202222/06/2021
General meeting29/05/202616/05/202524/05/202412/05/202320/05/202221/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 76 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/05/202626/06/2026FrenchPDF
Full model31/12/202416/05/202513/06/2025FrenchPDF
Consolidated accounts31/12/202416/05/202513/06/2025FrenchPDF
Full model31/12/202324/05/202404/06/2024FrenchPDF
Consolidated accounts31/12/202324/05/202404/06/2024FrenchPDF
Full model31/12/202212/05/202309/06/2023FrenchPDF
Consolidated accounts31/12/202212/05/202309/06/2023FrenchPDF
Full modelCorrection31/12/202120/05/202202/11/2022FrenchPDF
Full model31/12/202120/05/202203/08/2022FrenchPDF
Consolidated accounts31/12/202120/05/202203/08/2022FrenchPDF
Full model31/12/202021/05/202122/06/2021FrenchPDF
Consolidated accounts31/12/202021/05/202122/06/2021FrenchPDF
Full model31/12/201915/05/202025/06/2020FrenchPDF
Consolidated accounts31/12/201915/05/202025/06/2020FrenchPDF
Full model31/12/201810/05/201923/05/2019FrenchPDF
Consolidated accounts31/12/201810/05/201923/05/2019FrenchPDF
Full model31/12/201718/05/201825/05/2018FrenchPDF
Consolidated accounts31/12/201718/05/201825/05/2018FrenchPDF
Full model31/12/201619/05/201729/06/2017FrenchPDF
Consolidated accounts31/12/201619/05/201731/07/2017FrenchPDF
Full model31/12/201513/05/201617/08/2016FrenchPDF
Consolidated accounts31/12/201513/05/201602/08/2016FrenchPDF
Full model31/12/201408/05/201523/06/2015FrenchPDF
Consolidated accounts31/12/201408/05/201529/07/2015FrenchPDF

View all 76 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 29 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Christian KUNSCH
Chairman of the board of directors10/05/2019 → 23/05/2031
Eric ALBERTUCCIO
Director16/05/2025 → 23/05/2031
Eric SPIESSENS
Director01/11/2007 → 23/05/2031
Hilde DEWOLF
Director10/05/2019 → 23/05/2031
JEAN MARC RICHARD
Director24/05/2024 → 23/05/2031
Michel VANHAEREN
Director28/06/2018 → 23/05/2031
Pierre PHILIPPOT
Director07/05/2004 → 23/05/2031
JEROEN BOGAERTS
Director25/04/2024 → 15/05/2028
Thibauly DEHAES
Managing director20/11/2023 → 15/05/2029
Régis LANOVE
Director15/05/2020 → 15/05/2028
Marc TINANT
Director21/05/2021 → 15/05/2027Vice-chairman of the board of directors09/05/2003 → 30/04/2024endedManaging directorended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Claude ROLIN
Director24/05/2025 → 15/05/2027
Frédéric POSSEMIERS
Director16/05/2025 → 19/12/2025
Pascal PEETERS
Directorsince 25/06/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Restructuring20/07/2026
    Fusion silencieuse par absorption (absorbante) et modification des statuts
    PDF
  • Mandates24/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring06/05/2026
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates25/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/10/2024
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation1919
Name
Registered office
Annual accounts
Filings18 filings
Mandates
Michel VANHAEREN
Hilde DEWOLF
Pierre PHILIPPOT
Christian KUNSCH
JEAN MARC RICHARD
Eric ALBERTUCCIO
Eric SPIESSENS
JEROEN BOGAERTS
Thibauly DEHAES
Régis LANOVE
Marc TINANT
Claude ROLIN
and 26 more mandates
196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031
L'Economie Populaire
Rue Edouard Dinot 32, 5590 Ciney
Director
Director
Director
Chairman of the board of directors
Director
Director
Director
Director
Managing director
Director
DirectorVice-chairman of the board of directors
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue Edouard Dinot 32, 5590 CineyCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00229954

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
L'Economie PopulaireCurrent
CBE
EPC Economie Populaire de Ciney
accounts 2025
Accounts 2025 · 2026-00229954
L'Economie Populaire
accounts 2024
Accounts 2024 · 2025-00151022
EPC Economie Populaire de Ciney
accounts 2023
Accounts 2023 · 2024-00113640
L'Economie Populaire
accounts 2021 → 2022
Accounts 2022 · 2023-00120430

Events

  1. 29/05/2026
    reconductionJean-Nicolas BURNOTTE · administrateur
  2. 29/05/2026
    reconductionThomas CALANDE · administrateur
  3. 29/05/2026
    reconductionDaniel CORNESSE · administrateur
  4. 29/05/2026
    reconductionAriane ESTENNE · administrateur
  5. 29/05/2026
    reconductionPascal PEETERS · administrateur
  6. 27/03/2026
    nominationBenoît HALLET · administrateur
  7. 27/03/2026
    nominationChristian SMETZ · administrateur
  8. 2025
    Annual accounts 2025338 k €↓
  9. 2025
    Name changeEPC Economie Populaire de Ciney
  10. 19/09/2025
    nominationDaniel CORNESSE · administrateur
  11. 16/05/2025
    nominationEric ALBERTUCCIO · administrateur
  12. 16/05/2025
    nominationHilde DE WOLF · administrateur
  13. 16/05/2025
    nominationChristian KUNSH · administrateur
  14. 16/05/2025
    nominationPierre PHILIPPOT · administrateur
  15. 16/05/2025
    nominationFrédéric POSSEMIERS · administrateur
  16. 16/05/2025
    nominationJean-Marc RICHARD · administrateur
  17. 16/05/2025
    nominationEric SPIESSENS · administrateur
  18. 16/05/2025
    nominationMichel VANHAEREN · administrateur
  19. 2024
    Annual accounts 20242,8 M €↑
  20. 2024
    Name changeL'Economie Populaire
  21. 24/05/2024
    nominationJeroen BOGAERTS · administrateur
  22. 24/05/2024
    nominationJean-Marc RICHARD · administrateur
  23. 24/05/2024
    nominationClaude RLIN · administrateur
  24. 2023
    Annual accounts 2023113,3 k €↓
  25. 2023
    Name changeEPC Economie Populaire de Ciney
  26. 20/11/2023
    reconductionThibault DEHAES · administrateur délégué
  27. 15/09/2023
    nominationThibault DEHAES · administrateur
  28. 12/05/2023
    nominationPascal PEETERS · administrateur délégué
  29. 2022
    Annual accounts 2022664,5 k €↓
  30. 20/05/2022
    reconductionRégis LANOVE · administrateur
  31. 20/05/2022
    reconductionPierre PHILIPPOT · administrateur
  32. 20/05/2022
    reconductionSC DGST & PARTNERS · Commissaire
  33. 2021
    Annual accounts 2021755,9 k €↑
  34. 2020
    Annual accounts 2020691,6 k €↓
  35. 2019
    Annual accounts 2019786,6 k €↓
  36. 2018
    Annual accounts 20181,1 M €↑
  37. 2017
    Annual accounts 2017946,2 k €↓
  38. 2016
    Annual accounts 20161,2 M €↓
  39. 2015
    Annual accounts 20151,4 M €↑
  40. 2014
    Annual accounts 20141 M €↓
  41. 2013
    Annual accounts 20131,3 M €↑
  42. 2012
    Annual accounts 2012792,3 k €↓
  43. 2011
    Annual accounts 2011839,8 k €↓
  44. 2010
    Annual accounts 2010937,4 k €↓
  45. 2009
    Annual accounts 20091,2 M €↑
  46. 2008
    Annual accounts 20081,2 M €
  47. 07/05/1919
    IncorporationCooperative society