ACTIVE

NICAPHIS

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Financial year 2025 · closed on 30/06/2025

Net result

6,4 M €

+26.0% YoY

Gross margin

1,2 M €

-69.3% YoY

Equity

53,3 M €

+9.0% YoY

Workforce

0,0 ETP

What does NICAPHIS do?

NICAPHIS is a Public limited company incorporated in 1987. Its main activity is: Market research and public opinion polling. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.774.804

Incorporation

09/12/1987

Legal form

Public limited company

Registered office

Avenue Louise 551
1050 Ixelles · BruxellesSee on map

Contributed capital

6 500 000,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities 46643Wholesale of machinery for the textile industry and of sewing and knitting machines 46693Wholesale of other machinery and equipment 51871Air transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	1,2 M €	-69.3%	3,9 M €	+135%	1,7 M €	+10.5%	1,5 M €	+12.6%	1,3 M €	-77.0%	5,8 M €	+474%	1 M €	+14.1%	890,5 k €	+0.3%	887,5 k €	-18.6%	1,1 M €	-24.1%	1,4 M €	+4.6%	1,4 M €	+12.8%	1,2 M €	+1.4%	1,2 M €	+5.0%	1,1 M €	+13.6%	1 M €	+8.4%	928,7 k €	+5.5%	880,5 k €	-3.4%	911,6 k €
EBITDA	902,5 k €	-75.0%	3,6 M €	+162%	1,4 M €	+10.9%	1,2 M €	+2.6%	1,2 M €	-78.8%	5,7 M €	+523%	914,6 k €	+20.2%	761,1 k €	+2.9%	739,9 k €	-15.1%	871,6 k €	-34.3%	1,3 M €	+6.2%	1,3 M €	+14.0%	1,1 M €	+1.3%	1,1 M €	+5.5%	1 M €	+20.2%	854,1 k €	+4.9%	813,8 k €	+5.0%	774,7 k €	-6.2%	826,4 k €
Operating result	-395,9 k €	-113%	2,9 M €	+380%	612,1 k €	+27.3%	481 k €	+218%	-408,4 k €	-108%	5,2 M €	+1535%	315,6 k €	-18.3%	386,3 k €	+225%	118,7 k €	-75.8%	490 k €	-30.7%	706,9 k €	+4.3%	678 k €	+54.5%	438,7 k €	-22.3%	564,3 k €	+38.3%	408,2 k €	+5.8%	385,8 k €	+0.4%	384,3 k €	+11.3%	345,3 k €	-13.1%	397,6 k €
Net result	6,4 M €	+26.0%	5,1 M €	+19.4%	4,2 M €	+86.7%	2,3 M €	+27.2%	1,8 M €	-65.7%	5,2 M €	+90.1%	2,7 M €	-9.4%	3 M €	+98.2%	1,5 M €	-53.4%	3,3 M €	+67.6%	2 M €	+76.7%	1,1 M €	-28.1%	1,5 M €	-21.7%	2 M €	-36.0%	3,1 M €	+106%	1,5 M €	-10.7%	1,7 M €	-8.5%	1,8 M €	+21.6%	1,5 M €
Balance sheet
Equity	53,3 M €	+9.0%	48,9 M €	+8.2%	45,2 M €	+2.0%	44,3 M €	+3.7%	42,7 M €	-1.7%	43,4 M €	+11.5%	39 M €	+5.0%	37,1 M €	+6.0%	35 M €	+2.3%	34,2 M €	+8.1%	31,7 M €	+4.1%	30,4 M €	+0.5%	30,2 M €	+3.3%	29,3 M €	+4.6%	28 M €	+7.3%	26,1 M €	+6.1%	24,6 M €	+4.9%	23,4 M €	+6.2%	22,1 M €
Total assets	64,6 M €	+14.5%	56,4 M €	+3.9%	54,3 M €	+5.9%	51,3 M €	-2.8%	52,8 M €	+5.0%	50,3 M €	+13.0%	44,5 M €	+12.0%	39,7 M €	+7.0%	37,1 M €	+1.6%	36,5 M €	+10.3%	33,1 M €	+4.5%	31,7 M €	+0.0%	31,7 M €	+3.0%	30,8 M €	+5.2%	29,3 M €	+10.1%	26,6 M €	+2.9%	25,8 M €	+4.8%	24,6 M €	+7.3%	23 M €
Cash	1,4 M €	+23.9%	1,1 M €	-31.5%	1,6 M €	-65.3%	4,7 M €	-25.7%	6,4 M €	-6.0%	6,8 M €	+400%	1,4 M €	-63.0%	3,7 M €	+30.0%	2,8 M €	-54.7%	6,2 M €	+221%	1,9 M €	+2.8%	1,9 M €	+38.3%	1,4 M €	-43.9%	2,4 M €	+158%	946,9 k €	-38.8%	1,5 M €	+59.4%	971,7 k €	-33.7%	1,5 M €	+1599%	86,2 k €
Debts	9,5 M €	+70.0%	5,6 M €	-26.7%	7,6 M €	+42.2%	5,3 M €	-33.0%	8 M €	+70.9%	4,7 M €	-0.6%	4,7 M €	+160%	1,8 M €	+37.0%	1,3 M €	-12.0%	1,5 M €	+11.8%	1,3 M €	+13.8%	1,2 M €	+2.7%	1,1 M €	-11.2%	1,3 M €	+23.4%	1 M €	+330%	243,2 k €	-75.5%	994 k €	+3.0%	964,7 k €	+38.4%	696,8 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	+400%	0,2 ETP		–		0,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 4 active · 25 ended

Active mandates

Danièle Van Meerbeeck

Director · since 11 décembre 2023 · until 10 décembre 2029

Active

Jean-Albert Moorkens

Managing director · since 11 décembre 2023 · until 10 décembre 2029

Active

Nicolas Moorkens

Director · since 11 décembre 2023 · until 10 décembre 2029

Active

Philippe Moorkens

Director · since 11 décembre 2023 · until 10 décembre 2029

Active

Ended mandates

Daniele Van Meerbeeck

Director · since 11 décembre 2017 · until 11 décembre 2023

Ended

Danielle Van Meerbeeck

Director · since 11 décembre 2017 · until 11 décembre 2023

Ended

Jean-Albert Moorkens

Managing director · since 11 décembre 2017 · until 11 décembre 2023

Ended

NICOLAS MOORKENS

Director · since 11 décembre 2017 · until 11 décembre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
CETERIS PARIBUS MANAGEMENT● Active	0872.386.524
FIVE● Active	0425.315.504
Grand Tour● Active	0713.565.949
NEOLOGIC● Active	0869.776.432

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	23/12/2025	19/12/2024	22/01/2024	20/12/2022	21/01/2022	12/01/2021
General meeting	08/08/2025	15/12/2024	18/12/2023	12/12/2022	23/12/2021	14/12/2020
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	08/08/2025	23/12/2025	French	PDF
Abridged model	30/06/2024	15/12/2024	19/12/2024	Dutch	PDF
Abridged model	30/06/2023	18/12/2023	22/01/2024	French	PDF
Abridged model	30/06/2022	12/12/2022	20/12/2022	French	PDF
Abridged model	30/06/2021	23/12/2021	21/01/2022	French	PDF
Abridged model	30/06/2020	14/12/2020	12/01/2021	French	PDF
Abridged model	30/06/2019	10/12/2019	10/01/2020	French	PDF
Abridged model	30/06/2018	28/12/2018	28/01/2019	French	PDF
Abridged model	30/06/2017	11/12/2017	11/01/2018	French	PDF
Abridged model	30/06/2016	12/12/2016	23/12/2016	French	PDF
Abridged model	30/06/2015	14/12/2015	14/01/2016	French	PDF
Abridged model	30/06/2014	08/12/2014	12/01/2015	French	PDF
Abridged model	30/06/2013	09/12/2013	09/01/2014	French	PDF
Abridged model	30/06/2012	10/12/2012	10/01/2013	French	PDF
Abridged model	30/06/2011	12/12/2011	21/12/2011	French	PDF
Abridged model	30/06/2010	13/12/2010	12/01/2011	French	PDF
Abridged model	30/06/2009	14/12/2009	06/01/2010	French	PDF
Abridged model	30/06/2008	08/12/2008	15/01/2009	French	PDF
Abridged model	30/06/2007	10/12/2007	28/01/2008	French	PDF
Abridged model	30/06/2006	11/12/2006	11/01/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 4 active · 25 ended

Active mandates

Danièle Van Meerbeeck

Director · since 11 décembre 2023 · until 10 décembre 2029

Active

Jean-Albert Moorkens

Managing director · since 11 décembre 2023 · until 10 décembre 2029

Active

Nicolas Moorkens

Director · since 11 décembre 2023 · until 10 décembre 2029

Active

Philippe Moorkens

Director · since 11 décembre 2023 · until 10 décembre 2029

Active

Ended mandates

Daniele Van Meerbeeck

Director · since 11 décembre 2017 · until 11 décembre 2023

Ended

Danielle Van Meerbeeck

Director · since 11 décembre 2017 · until 11 décembre 2023

Ended

Jean-Albert Moorkens

Managing director · since 11 décembre 2017 · until 11 décembre 2023

Ended

NICOLAS MOORKENS

Director · since 11 décembre 2017 · until 11 décembre 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
DEMISSIONS, NOMINATIONS
PDF
Capital / shares16/05/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Capital / shares05/02/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates05/04/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office27/02/2017
SIEGE SOCIAL
PDF
Capital / shares04/07/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates07/11/2012
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates13/01/2012
CAPITAL, ACTIONS - 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 20256,4 M €↑
2024
Annual accounts 20245,1 M €↑
11/12/2023
reconductionMoorkens Jean-Albert — administrateur
11/12/2023
reconductionVan Meerbeeck Daniele — administrateur
11/12/2023
reconductionMoorkens Nicolas — administrateur
11/12/2023
reconductionMoorkens Philippe — administrateur
2023
Annual accounts 20234,2 M €↑
05/05/2023
reduction_capital
2022
Annual accounts 20222,3 M €↑
2021
Annual accounts 20211,8 M €↓
2020
Annual accounts 20205,2 M €↑
2019
Annual accounts 20192,7 M €↓
2018
Annual accounts 20183 M €↑
2017
Annual accounts 20171,5 M €↓
2016
Annual accounts 20163,3 M €↑
2015
Annual accounts 20152 M €↑
2014
Annual accounts 20141,1 M €↓
2013
Annual accounts 20131,5 M €↓
2012
Annual accounts 20122 M €↓
2011
Annual accounts 20113,1 M €↑
2010
Annual accounts 20101,5 M €↓
2009
Annual accounts 20091,7 M €↓
2008
Annual accounts 20081,8 M €↑
2007
Annual accounts 20071,5 M €
09/12/1987
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

NICAPHIS

Overview

What does NICAPHIS 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