ACTIVE

GICOPA

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Financial year 2025 · closed on 31/12/2025

Net result

88,6 k €

-47.5% YoY

Gross margin

532,5 k €

-8.4% YoY

Equity

455,7 k €

+24.0% YoY

Workforce

8,2 ETP

-1.2% YoY

What does GICOPA do?

GICOPA is a Private limited company incorporated in 1980. Its registered office is in Sprimont. It employs on average 8,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.195.684

Incorporation

29/02/1980

Legal form

Private limited company

Registered office

Rue Lileutige 122
4140 Sprimont · WallonieSee on map

Contributed capital

518 592,01 €

Latest accounts

31/12/2025

Average workforce

8,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	532,5 k €	-8.4%	581,1 k €	+0.5%	578,4 k €	+18.8%	486,9 k €	-1.8%	495,8 k €	+41.6%	350,2 k €	-29.0%	493,3 k €	+21.8%	405,1 k €	+8.8%	372,4 k €	-15.0%	438 k €	-5.5%	463,7 k €	+18.3%	392,1 k €	-2.6%	402,8 k €	-6.4%	430,2 k €	-8.2%	468,7 k €	-5.0%	493,3 k €	-4.5%	516,4 k €	+10.0%	469,3 k €	+17.8%	398,4 k €	+4.3%	382,1 k €
EBITDA	154,9 k €	-31.9%	227,4 k €	+7.2%	212,1 k €	+31.9%	160,8 k €	+3.0%	156,1 k €	+224%	-126 k €	-372%	46,4 k €	+137%	-125,7 k €	+27.9%	-174,4 k €	-144%	-71,6 k €	-204%	68,6 k €	+11.9%	61,4 k €	+55.4%	39,5 k €	-56.3%	90,4 k €	-18.8%	111,3 k €	+4.6%	106,4 k €	-23.2%	138,6 k €	+9.6%	126,5 k €	+13.2%	111,8 k €	-1.0%	112,9 k €
Operating result	92,5 k €	-46.8%	173,9 k €	+8.8%	159,8 k €	+21.3%	131,7 k €	+1.2%	130,1 k €	+180%	-162,2 k €	-953%	-15,4 k €	+92.1%	-195,7 k €	+26.3%	-265,5 k €	-34.8%	-196,9 k €	-807%	27,9 k €	+16.3%	24 k €	+455%	-6,8 k €	-166%	10,2 k €	-55.9%	23,2 k €	+10.0%	21,1 k €	-61.8%	55,2 k €	+11.1%	49,7 k €	+12.1%	44,3 k €	-16.9%	53,3 k €
Net result	88,6 k €	-47.5%	168,7 k €	+9.7%	153,8 k €	+21.9%	126,2 k €	+0.2%	125,9 k €	+175%	-167,6 k €	-94248%	178 €	+100%	-205,1 k €	+25.6%	-275,7 k €	-28.4%	-214,6 k €	-1493%	15,4 k €	+122%	6,9 k €	+132%	-21,9 k €	-466%	-3,9 k €	-173%	5,3 k €	+151%	2,1 k €	-93.6%	33 k €	+12.4%	29,3 k €	-23.0%	38,1 k €	+76.4%	21,6 k €
Balance sheet
Equity	455,7 k €	+24.0%	367,4 k €	+84.7%	198,9 k €	+338%	45,4 k €	+156%	-80,5 k €	+60.6%	-204,5 k €	-494%	-34,4 k €	+9.9%	-38,2 k €	-123%	167,1 k €	-62.3%	443 k €	+181%	157,9 k €	+9.2%	144,6 k €	+3.1%	140,3 k €	-15.2%	165,4 k €	-4.8%	173,7 k €	+0.5%	172,9 k €	-1.4%	175,3 k €	+19.4%	146,8 k €	+20.4%	121,9 k €	+78.5%	68,3 k €
Total assets	683,4 k €	-3.6%	708,8 k €	-25.9%	956,5 k €	+19.2%	802,7 k €	+13.7%	706,2 k €	+10.3%	640,3 k €	-15.2%	754,8 k €	+2.7%	734,9 k €	-16.7%	882,5 k €	+6.8%	826,6 k €	+58.4%	521,7 k €	+1.2%	515,3 k €	-1.0%	520,4 k €	-9.0%	571,7 k €	-10.0%	635,3 k €	-13.4%	733,4 k €	+6.6%	688,3 k €	-11.6%	778,3 k €	+0.1%	777,4 k €	+2.5%	758 k €
Cash	14,7 k €	-81.7%	80,5 k €	-29.5%	114,1 k €	+359%	24,9 k €	-68.5%	79 k €	+196%	26,7 k €		–		–		58,2 k €		–		–		60,7 k €	-13.1%	69,8 k €	-35.8%	108,7 k €	+105%	53,1 k €	-50.9%	108,1 k €	+103%	53,2 k €	-16.3%	63,6 k €	-14.9%	74,8 k €	+261%	20,7 k €
Debts	226,3 k €	-33.4%	339,9 k €	-55.0%	755,9 k €	+0.1%	755,3 k €	-3.8%	784,8 k €	-4.2%	819 k €	+5.4%	777,3 k €	+4.2%	746,1 k €	+4.7%	712,9 k €	+87.2%	380,9 k €	+5.5%	361 k €	-1.4%	366,3 k €	-2.3%	374,9 k €	-6.2%	399,5 k €	-10.2%	444,6 k €	-18.1%	542,6 k €	+9.5%	495,5 k €	-19.0%	612 k €	-3.9%	637,1 k €	-6.2%	679,3 k €
Other
Workforce	8,2 ETP	-1.2%	8,3 ETP	-6.7%	8,9 ETP	-2.2%	9,1 ETP	+5.8%	8,6 ETP		–		10,5 ETP	-3.7%	10,9 ETP	-9.2%	12,0 ETP	-7.0%	12,9 ETP	+19.4%	10,8 ETP	-7.7%	11,7 ETP	+0.9%	11,6 ETP	-8.7%	12,7 ETP	+11.4%	11,4 ETP	+9.6%	10,4 ETP	-18.8%	12,8 ETP	+9.4%	11,7 ETP	0.0%	11,7 ETP	+14.7%	10,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Dries DE MUYNCK

Director · since 30 octobre 2015

Active

Ended mandates

Dries De Muynck

Manager · since 30 octobre 2015

Ended

FRANCE LEMAIRE

Manager · until 30 octobre 2015

Ended

FRANCE LEMAIRE

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/04/2026	06/05/2025	07/05/2024	01/05/2023	12/05/2022	06/07/2021
General meeting	24/04/2026	25/04/2025	26/04/2024	28/04/2023	29/04/2022	05/07/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/04/2026	24/04/2026	French	PDF
Abridged model	31/12/2024	25/04/2025	06/05/2025	French	PDF
Abridged model	31/12/2023	26/04/2024	07/05/2024	French	PDF
Abridged model	31/12/2022	28/04/2023	01/05/2023	French	PDF
Abridged model	31/12/2021	29/04/2022	12/05/2022	French	PDF
Micro model	31/12/2020	05/07/2021	06/07/2021	French	PDF
Abridged model	31/12/2019	07/07/2020	08/07/2020	French	PDF
Abridged model	31/12/2018	17/06/2019	24/06/2019	French	PDF
Abridged model	31/12/2017	26/07/2018	26/07/2018	French	PDF
Abridged model	31/12/2016	27/06/2017	26/07/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	23/07/2015	28/07/2015	French	PDF
Abridged model	31/12/2013	25/04/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	26/04/2013	05/08/2013	French	PDF
Abridged model	31/12/2011	27/04/2012	07/08/2012	French	PDF
Abridged model	31/12/2010	29/04/2011	16/08/2011	French	PDF
Abridged model	31/12/2009	30/04/2010	16/08/2010	French	PDF
Abridged model	31/12/2008	24/04/2009	25/08/2009	French	PDF
Abridged model	31/12/2007	26/09/2008	28/09/2008	French	PDF
Abridged model	31/12/2006	08/03/2008	10/03/2008	French	PDF
Abridged model	31/12/2005	30/06/2006	30/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Dries DE MUYNCK

Director · since 30 octobre 2015

Active

Ended mandates

Dries De Muynck

Manager · since 30 octobre 2015

Ended

FRANCE LEMAIRE

Manager · until 30 octobre 2015

Ended

FRANCE LEMAIRE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other05/09/2016
DIVERS
PDF
Capital / shares05/07/2016
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/11/2015
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other14/10/2004
DIVERS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office02/03/2004
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202588,6 k €↓
2024
Annual accounts 2024168,7 k €↑
2023
Annual accounts 2023153,8 k €↑
2022
Annual accounts 2022126,2 k €↑
2021
Annual accounts 2021125,9 k €↑
2020
Annual accounts 2020-167,6 k €↓
2019
Annual accounts 2019178 €↑
2018
Annual accounts 2018-205,1 k €↑
2017
Annual accounts 2017-275,7 k €↓
2016
Annual accounts 2016-214,6 k €↓
2015
Annual accounts 201515,4 k €↑
2014
Annual accounts 20146,9 k €↑
2013
Annual accounts 2013-21,9 k €↓
2012
Annual accounts 2012-3,9 k €↓
2011
Annual accounts 20115,3 k €↑
2010
Annual accounts 20102,1 k €↓
2009
Annual accounts 200933 k €↑
2008
Annual accounts 200829,3 k €↓
2007
Annual accounts 200738,1 k €↑
2006
Annual accounts 200621,6 k €
29/02/1980
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GICOPA

Overview

What does GICOPA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline