ACTIVE

MAMIPA

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Financial year 2025 · closed on 30/06/2025

Net result

1,2 k €

+160.6% YoY

Gross margin

203,8 k €

-16.1% YoY

Equity

722,4 k €

+0.2% YoY

What does MAMIPA do?

MAMIPA is a Public limited company incorporated in 1982. Its main activity is: Construction of buildings. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.646.420

Incorporation

01/01/1982

Legal form

Public limited company

Registered office

Avenue Albert-Ier 66
4030 Liège · WallonieSee on map

Contributed capital

74 368,06 €

Latest accounts

30/06/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 42110Construction of roads and motorways 42110Construction of roads and motorways 45212Maintenance and repair of motor vehicles+1

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	203,8 k €	-16.1%	242,8 k €	+58.0%	153,7 k €	-43.4%	271,7 k €	+62.1%	167,6 k €	+65.0%	101,6 k €	-2.0%	103,7 k €	+6.4%	97,4 k €	-11.5%	110,1 k €	+23.0%	89,5 k €	+90.9%	46,8 k €	-7.4%	50,6 k €	-28.8%	71 k €	-11.4%	80,2 k €	-2.8%	82,4 k €	+0.3%	82,1 k €	+21.2%	67,8 k €	-49.4%	133,9 k €	+228%	40,8 k €
EBITDA	171,5 k €	+8.8%	157,5 k €	+24.4%	126,7 k €	-42.0%	218,3 k €	+136%	92,4 k €	+105%	45 k €	-14.3%	52,5 k €	+32.4%	39,7 k €	-40.6%	66,8 k €	-4.8%	70,1 k €	+142%	29 k €	-19.8%	36,1 k €	+2.9%	35,1 k €	-48.4%	68 k €	-1.2%	68,8 k €	-0.8%	69,4 k €	+24.2%	55,9 k €	-49.7%	111,2 k €	+296%	28,1 k €
Operating result	60 k €	+46.9%	40,8 k €	+30.6%	31,3 k €	-76.3%	132 k €	+12969%	1 k €	+104%	-27,4 k €	-208%	25,4 k €	+62.7%	15,6 k €	-70.6%	53 k €	-6.0%	56,4 k €	+505%	9,3 k €	-15.1%	11 k €	-1.7%	11,2 k €	-78.6%	52,2 k €	-1.5%	53 k €	-0.4%	53,3 k €	+38.7%	38,4 k €	-58.5%	92,4 k €	+988%	8,5 k €
Net result	1,2 k €	+161%	469,1 €	-83.0%	2,8 k €	-96.7%	84 k €	+2304%	-3,8 k €	+89.9%	-37,9 k €	-362%	14,5 k €	+764%	1,7 k €	-94.6%	31,3 k €	-2.2%	32 k €	+975%	-3,7 k €	-6.1%	-3,4 k €	-103%	107,7 k €	+272%	29 k €	+126%	12,8 k €	-62.3%	34 k €	+53.8%	22,1 k €	-70.1%	73,9 k €	+440%	-21,7 k €
Balance sheet
Equity	722,4 k €	+0.2%	721,2 k €	+0.1%	720,7 k €	+0.4%	718 k €	+13.3%	634 k €	-0.6%	637,8 k €	-5.6%	675,6 k €	+2.2%	661,2 k €	+0.3%	659,5 k €	+5.0%	628,2 k €	+5.4%	596,2 k €	-0.7%	600,7 k €	-0.7%	605 k €	+21.5%	498,2 k €	+3.9%	479,6 k €	+2.6%	467,6 k €	+7.5%	435 k €	+5.0%	414,2 k €	+21.2%	341,7 k €
Total assets	3,3 M €	+14.1%	2,9 M €	+1.5%	2,9 M €	+39.7%	2 M €	-14.9%	2,4 M €	+62.6%	1,5 M €	-8.9%	1,6 M €	+12.8%	1,4 M €	+12.0%	1,3 M €	-7.9%	1,4 M €	+14.3%	1,2 M €	+1.7%	1,2 M €	-3.6%	1,2 M €	+13.9%	1,1 M €	+41.5%	770,4 k €	-3.9%	801,6 k €	-2.3%	820,3 k €	-6.5%	877,8 k €	+2.0%	860,5 k €
Cash	15,2 k €	-84.7%	99,6 k €	-34.8%	152,7 k €	-70.9%	525,1 k €	+451%	95,3 k €	+154%	37,5 k €	+950%	3,6 k €	-80.3%	18,2 k €	-60.4%	45,8 k €	-34.6%	70 k €	+564%	10,5 k €	-65.4%	30,5 k €	-22.5%	39,4 k €	-51.2%	80,7 k €	+232%	24,3 k €	+99.0%	12,2 k €	-86.5%	90,6 k €	+265%	24,8 k €	-11.2%	28 k €
Debts	2,5 M €	+19.3%	2,1 M €	+2.1%	2,1 M €	+63.1%	1,3 M €	-25.5%	1,7 M €	+117%	792,2 k €	-11.6%	896,5 k €	+23.5%	725,7 k €	+26.8%	572,5 k €	-19.6%	711,7 k €	+25.4%	567,6 k €	+5.0%	540,7 k €	-6.7%	579,3 k €	-1.5%	588,3 k €	+105%	286,7 k €	-13.0%	329,5 k €	-13.3%	380,2 k €	-16.9%	457,7 k €	-10.7%	512,3 k €
Other
Workforce	–		–		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-20.0%	1,0 ETP		–		–		–		1,0 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Gilles Vrancken

Mandate

Active

Michel Vrancken

Mandate

Active

Ended mandates

VERONIQUE ALBINOVANUS

Director · since 19 novembre 2012 · until 18 novembre 2018

Ended

Marie Anne Vrancken

Managing director · since 29 mars 2004 · until 28 mars 2010

Ended

Maurice Vrancken

Director · since 29 mars 2004 · until 28 mars 2010

Ended

Michel Vrancken

Managing director · since 29 mars 2004 · until 28 mars 2010

Ended

At this address

Other companies at this address

Company	CBE no.
ETABLISSEMENTS VRANCKEN● Active	0864.832.303

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/02/2026	28/01/2025	16/01/2024	31/01/2023	14/01/2022	28/01/2021
General meeting	17/11/2025	18/11/2024	20/11/2023	21/11/2022	15/11/2021	16/11/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	17/11/2025	12/02/2026	French	PDF
Abridged model	30/06/2024	18/11/2024	28/01/2025	French	PDF
Abridged model	30/06/2023	20/11/2023	16/01/2024	French	PDF
Abridged model	30/06/2022	21/11/2022	31/01/2023	French	PDF
Abridged model	30/06/2021	15/11/2021	14/01/2022	French	PDF
Abridged model	30/06/2020	16/11/2020	28/01/2021	French	PDF
Abridged model	30/06/2019	02/12/2019	31/01/2020	French	PDF
Abridged model	30/06/2018	19/11/2018	29/01/2019	French	PDF
Abridged model	30/06/2017	20/11/2017	16/01/2018	French	PDF
Abridged model	30/06/2016	21/11/2016	17/01/2017	French	PDF
Abridged model	30/06/2015	16/11/2015	23/02/2016	French	PDF
Abridged model	30/06/2014	17/11/2014	30/01/2015	French	PDF
Abridged model	30/06/2013	18/11/2013	23/05/2014	French	PDF
Abridged model	30/06/2012	19/11/2012	15/01/2013	French	PDF
Abridged model	30/06/2011	21/11/2011	07/02/2012	French	PDF
Abridged model	30/06/2010	15/11/2010	16/12/2010	French	PDF
Abridged model	30/06/2009	16/11/2009	08/01/2010	French	PDF
Abridged model	30/06/2008	17/11/2008	13/01/2009	French	PDF
Abridged model	30/06/2007	19/11/2007	11/12/2007	French	PDF
Abridged model	30/06/2006	20/11/2006	05/01/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Gilles Vrancken

Mandate

Active

Michel Vrancken

Mandate

Active

Ended mandates

VERONIQUE ALBINOVANUS

Director · since 19 novembre 2012 · until 18 novembre 2018

Ended

Marie Anne Vrancken

Managing director · since 29 mars 2004 · until 28 mars 2010

Ended

Maurice Vrancken

Director · since 29 mars 2004 · until 28 mars 2010

Ended

Michel Vrancken

Managing director · since 29 mars 2004 · until 28 mars 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/06/2023
DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates07/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates22/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates22/02/2013
DEMISSIONS, NOMINATIONS
PDF
Other26/07/2012
ASSEMBLEE GENERALE
PDF
Mandates09/07/2012
DEMISSIONS, NOMINATIONS
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 20251,2 k €↑
2024
Annual accounts 2024469,1 €↓
2023
Annual accounts 20232,8 k €↓
2022
Annual accounts 202284 k €↑
2021
Annual accounts 2021-3,8 k €↑
2020
Annual accounts 2020-37,9 k €↓
2019
Annual accounts 201914,5 k €↑
2018
Annual accounts 20181,7 k €↓
2017
Annual accounts 201731,3 k €↓
2016
Annual accounts 201632 k €↑
2015
Annual accounts 2015-3,7 k €↓
2014
Annual accounts 2014-3,4 k €↓
2013
Annual accounts 2013107,7 k €↑
2012
Annual accounts 201229 k €↑
2011
Annual accounts 201112,8 k €↓
2010
Annual accounts 201034 k €↑
2009
Annual accounts 200922,1 k €↓
2008
Annual accounts 200873,9 k €↑
2007
Annual accounts 2007-21,7 k €
01/01/1982
IncorporationPublic 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

MAMIPA

Overview

What does MAMIPA do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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