ACTIVE

M.I.P. Solutions

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Financial year 2025 · Closed on 31/12/2025

Net result
1,4 M €
+17,9 %over 1 year
Revenue
22,5 M €
+11,4 %over 1 year
Equity
3,3 M €
+9,4 %over 1 year
Workforce
81,4 ETP
+3,4 %over 1 year

Identity

Source · BCE/KBO

M.I.P. Solutions is a Public limited company incorporated in 1988. Its main activity is: Manufacture of plastic products. Its registered office is in Rijkevorsel. It employs on average 81,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0435.699.452
Incorporation
03/11/1988
Legal form
Public limited company
Registered office
Vaart 20
2310 Rijkevorsel · FlandreSee on map
Contributed capital
123 973,42 €
Latest accounts
31/12/2025
Average workforce
81,4 ETP
Joint committees (2)
  • 111
  • 209
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue22,5 M €20,2 M €19,9 M €17,1 M €17,2 M €
EBITDA2,1 M €1,8 M €1,7 M €547 k €108,4 k €
Operating result1,9 M €1,7 M €1,6 M €560 k €18,6 k €
Net result1,4 M €1,2 M €1,2 M €394,1 k €-73,4 k €
Balance sheet
Equity3,3 M €3 M €2,8 M €2,7 M €4,1 M €
Total assets12,8 M €11,5 M €10,6 M €8,8 M €9,9 M €
Cash1,7 M €1,1 M €478,2 k €109,9 k €550,3 k €
Debts8,6 M €7,8 M €7 M €5,3 M €5,1 M €
Other
Workforce81,4 ETP78,7 ETP75,3 ETP74,9 ETP79,3 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 · 10 ended

Active mandates

M.E. BEHEER BELGIË

Director · since 15 juillet 2020 · 0739.919.859

Represented by Maikel Elst

Active

Ended mandates

M.E. BEHEER BELGIË

Director · since 15 juillet 2020 · 0739.919.859

Represented by Maikel Elst

Ended
Maikel Elst

Managing director · since 01 janvier 2019 · until 31 décembre 2024

Ended
Vaartkant bvba

Director · since 01 janvier 2019 · until 31 décembre 2024 · 0885.315.238

Represented by Marinus Elst

Ended
Marinus Elst

Managing director · since 22 mars 2016 · until 22 mars 2022

Ended

Other companies at this address

Vaart 20 2310 Rijkevorsel
CompanyCBE no.
Groep Mertens● Active
0838.359.419
M.E. BEHEER BELGIË● Active
0739.919.859
Mertens● Active
0425.888.002

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 date29/06/202618/07/202530/08/202414/07/202331/08/202208/10/2021
General meeting01/06/202618/07/202528/08/202414/07/202326/08/202221/06/2021
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, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202501/06/202629/06/2026DutchPDF
Full model31/12/202418/07/202518/07/2025DutchPDF
Full model31/12/202328/08/202430/08/2024DutchPDF
Full model31/12/202214/07/202314/07/2023DutchPDF
Full model31/12/202126/08/202231/08/2022DutchPDF
Full modelCorrection31/12/202021/06/202108/10/2021DutchPDF
Full model31/12/202021/06/202113/07/2021DutchPDF
Full model31/12/201908/07/202016/07/2020DutchPDF
Full model31/12/201819/07/201908/08/2019DutchPDF
Full model31/12/201724/08/201831/08/2018DutchPDF
Full model31/12/201631/08/201731/08/2017DutchPDF
Full model31/12/201529/07/201623/08/2016DutchPDF
Full model31/12/201431/07/201520/08/2015DutchPDF
Full model31/12/201304/08/201429/08/2014DutchPDF
Full model31/12/201224/08/201331/08/2013DutchPDF
Full model31/12/201131/08/201231/08/2012DutchPDF
Full model31/12/201001/06/201130/06/2011DutchPDF
Full model31/12/200915/06/201029/06/2010DutchPDF
Full model31/12/200802/06/200931/08/2009DutchPDF
Full model31/12/200705/08/200829/08/2008DutchPDF
Full model31/12/200630/06/200730/07/2007DutchPDF

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 · 10 ended

Active mandates

M.E. BEHEER BELGIË

Director · since 15 juillet 2020 · 0739.919.859

Represented by Maikel Elst

Active

Ended mandates

M.E. BEHEER BELGIË

Director · since 15 juillet 2020 · 0739.919.859

Represented by Maikel Elst

Ended
Maikel Elst

Managing director · since 01 janvier 2019 · until 31 décembre 2024

Ended
Vaartkant bvba

Director · since 01 janvier 2019 · until 31 décembre 2024 · 0885.315.238

Represented by Marinus Elst

Ended
Marinus Elst

Managing director · since 22 mars 2016 · until 22 mars 2022

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates26/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring02/09/2021
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring23/06/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates27/07/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/01/2019
    ONTSLAGEN - BENOEMINGEN
    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 20251,4 M €↑
  2. 2024
    Annual accounts 20241,2 M €↑
  3. 2023
    Annual accounts 20231,2 M €↑
  4. 2022
    Annual accounts 2022394,1 k €↑
  5. 2021
    Annual accounts 2021-73,4 k €↓
  6. 2020
    Annual accounts 20201,1 M €↑
  7. 2019
    Annual accounts 2019820,3 k €↑
  8. 2018
    Annual accounts 2018-226,4 k €↑
  9. 2017
    Annual accounts 2017-288,9 k €↓
  10. 2016
    Annual accounts 201614,2 k €↓
  11. 2015
    Annual accounts 201553,7 k €↓
  12. 2015
    Name changeM.I.P. Solutions
  13. 2014
    Annual accounts 2014132,3 k €↓
  14. 2013
    Annual accounts 2013476,2 k €↑
  15. 2012
    Annual accounts 2012-425,3 k €↓
  16. 2011
    Annual accounts 2011511,5 k €↓
  17. 2010
    Annual accounts 20101,1 M €↑
  18. 2009
    Annual accounts 20091,1 M €↑
  19. 2009
    Name changeM.I.P.
  20. 2008
    Annual accounts 2008468,6 k €↓
  21. 2007
    Annual accounts 20071,2 M €
  22. 2007
    Name changeM.I.P. COMPOSITES
  23. 03/11/1988
    IncorporationPublic limited company