ACTIVE

MILCAMPS

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Financial year 2025 · Closed on 31/12/2025

Net result-4,6 M €-49,4 %over 1 year
Revenue7,9 M €-50,5 %over 1 year
Equity11,4 M €+225,1 %over 1 year
Workforce81,0 ETP-21,3 %over 1 year

Identity

Source · BCE/KBO

MILCAMPS is a Public limited company incorporated in 1980. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Dour. It employs on average 81,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0420.536.075
Incorporation
22/04/1980
Legal form
Public limited company
Registered office
Rue de la Machine à Feu 10
7370 Dour · WallonieSee on map
Contributed capital
31 296 641,14 €
Latest accounts
31/12/2025
Average workforce
81,0 ETP
Joint committees (4)
  • 118
  • 1180
  • 220
  • 2200
Signals
Solid equityHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 20 financial years

20252025202420232022
Income statement
Revenue7,9 M €15,9 M €16,7 M €16,8 M €13,9 M €
EBITDA-3,8 M €-1,1 M €-1,1 M €-2,7 M €-3,4 M €
Operating result-4,5 M €-2,5 M €-2,3 M €-4 M €-4,9 M €
Net result-4,6 M €-3,1 M €-3 M €-4,1 M €-4,7 M €
Balance sheet
Equity11,4 M €-9,1 M €-6,1 M €-3 M €1,1 M €
Total assets18,1 M €19,4 M €20,4 M €21,2 M €23,6 M €
Cash469,3 €775,9 k €897,2 k €764 k €795,8 k €
Debts3,8 M €26,1 M €23,7 M €21,3 M €19,2 M €
Other
Workforce81,0 ETP102,9 ETP103,5 ETP103,5 ETP97,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 24 ended

Active mandates

Antony Popelier

Managing director · since 02 septembre 2025 · until 01 septembre 2031

Active

Ended mandates

Anthony POPELIER

Director · since 02 septembre 2025 · until 02 septembre 2031

Ended
Jacquet Brossard S. Etr.

Director · since 17 décembre 2019 · until 01 décembre 2025 · 2340054591

Represented by Rodolphe MILLET

Ended
JACQUET BROSSARD S. Etr.

Director · since 17 décembre 2019 · until 01 décembre 2025 · 2340054591

Represented by Rodolphe MILLET

Ended
JACQUET BROSSARD S. ETR.

Director · since 17 décembre 2019 · until 02 septembre 2025

Represented by Alexandre RAGUET

Ended

Full financial information

Source · NBB
202520252024202320222021
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/07/202501/07/202401/07/202301/07/202201/07/202101/07/2020
Closing of the financial year31/12/202530/06/202530/06/202430/06/202330/06/202230/06/2021
Length of the financial year6 months12 months12 months12 months12 months12 months
Filing date29/06/202622/01/202606/01/202505/01/202407/03/202331/01/2022
General meeting23/06/202601/12/202502/12/202404/12/202305/12/202206/12/2021
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, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202523/06/202629/06/2026FrenchPDF
Full model30/06/202501/12/202522/01/2026FrenchPDF
Full model30/06/202402/12/202406/01/2025FrenchPDF
Full model30/06/202304/12/202305/01/2024FrenchPDF
Full model30/06/202205/12/202207/03/2023FrenchPDF
Full model30/06/202106/12/202131/01/2022FrenchPDF
Full model30/06/202007/12/202007/01/2021FrenchPDF
Full modelCorrection30/06/201917/12/201907/07/2020FrenchPDF
Full model30/06/201902/12/201930/12/2019FrenchPDF
Full model30/06/201811/12/201803/01/2019FrenchPDF
Full model30/06/201731/01/201831/01/2018FrenchPDF
Full model30/06/201614/04/201718/05/2017FrenchPDF
Full model30/06/201504/12/201529/06/2016FrenchPDF
Full model30/06/201404/12/201427/06/2016FrenchPDF
Full model30/06/201304/12/201328/02/2014FrenchPDF
Full model30/06/201211/12/201210/01/2013FrenchPDF
Full model30/06/201102/12/201128/12/2011FrenchPDF
Full model30/06/201013/12/201018/01/2011FrenchPDF
Full model30/06/200910/12/200905/01/2010FrenchPDF
Full model30/06/200801/12/200808/12/2008FrenchPDF
Full model31/12/200727/06/200816/07/2008FrenchPDF
Full model31/12/200628/06/200711/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 24 ended

Active mandates

Antony Popelier

Managing director · since 02 septembre 2025 · until 01 septembre 2031

Active

Ended mandates

Anthony POPELIER

Director · since 02 septembre 2025 · until 02 septembre 2031

Ended
Jacquet Brossard S. Etr.

Director · since 17 décembre 2019 · until 01 décembre 2025 · 2340054591

Represented by Rodolphe MILLET

Ended
JACQUET BROSSARD S. Etr.

Director · since 17 décembre 2019 · until 01 décembre 2025 · 2340054591

Represented by Rodolphe MILLET

Ended
JACQUET BROSSARD S. ETR.

Director · since 17 décembre 2019 · until 02 septembre 2025

Represented by Alexandre RAGUET

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Other22/01/2026
    ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Capital / shares30/09/2025
    CAPITAL, ACTIONS
    PDF
  • Mandates15/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/07/2023
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-4,6 M €↓
  2. 2025
    Annual accounts 2025-3,1 M €↓
  3. 2024
    Annual accounts 2024-3 M €↑
  4. 2023
    Annual accounts 2023-4,1 M €↑
  5. 2022
    Annual accounts 2022-4,7 M €↓
  6. 2021
    Annual accounts 2021-4 M €↓
  7. 2020
    Annual accounts 2020-2,9 M €↓
  8. 2019
    Annual accounts 2019929,8 k €↓
  9. 2018
    Annual accounts 20182,6 M €↑
  10. 2017
    Annual accounts 20171,6 M €↑
  11. 2016
    Annual accounts 2016-95 k €↑
  12. 2015
    Annual accounts 2015-437,1 k €↑
  13. 2014
    Annual accounts 2014-919,3 k €↓
  14. 2013
    Annual accounts 2013213 k €↑
  15. 2012
    Annual accounts 2012-233,3 k €↑
  16. 2011
    Annual accounts 2011-995,6 k €↓
  17. 2010
    Annual accounts 201078,3 k €↑
  18. 2008
    Annual accounts 2008-874,9 k €↓
  19. 2007
    Annual accounts 2007-18,3 k €↓
  20. 2006
    Annual accounts 2006168,6 k €
  21. 22/04/1980
    IncorporationPublic limited company