ACTIVE

CIPAC

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

+101.7% YoY

Revenue

28,4 M €

+1.1% YoY

Equity

3,9 M €

+47.8% YoY

Workforce

52,3 ETP

+5.4% YoY

What does CIPAC do?

CIPAC is a Public limited company incorporated in 1991. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Evere. It employs on average 52,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.795.568

Incorporation

03/12/1991

Legal form

Public limited company

Registered office

Av. L. Mommaerts 11
1140 Evere · BruxellesSee on map

Contributed capital

99 200,00 €

Latest accounts

31/12/2025

Average workforce

52,3 ETP

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46831Wholesale trade, except of motor vehicles and motorcycles 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 52461Warehousing and support activities for transportation

Joint committees (4)

149.04
14904
200.00
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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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
Revenue	28,4 M €	+1.1%	28,1 M €	+5.0%	26,7 M €	+10.9%	24,1 M €	+4.1%	23,1 M €	+2.2%	22,6 M €	-3.0%	23,3 M €	+1.1%	23,1 M €	+3.1%	22,4 M €	+7.8%	20,8 M €	+4.6%	19,9 M €	+28.0%	15,5 M €	+19.4%	13 M €	-0.6%	13,1 M €	+5.7%	12,4 M €		–		–		–		–		–
EBITDA	2,3 M €	+135%	990,5 k €	-11.1%	1,1 M €	+35.8%	820,3 k €	+2.2%	803 k €	+71.0%	469,6 k €	+429%	-142,7 k €	-119%	762,1 k €	+13.1%	673,7 k €	+20.9%	557,4 k €	-1.4%	565 k €	-32.0%	830,4 k €	+16.5%	712,5 k €	-6.9%	765,4 k €	+39.1%	550,3 k €	+25.9%	437 k €	+86.4%	234,5 k €	-25.1%	313 k €	-15.5%	370,6 k €	+9.3%	338,9 k €
Operating result	1,9 M €	+98.9%	955,5 k €	+66.6%	573,6 k €	+14.5%	501,2 k €	+36.4%	367,3 k €	+297%	92,4 k €	+117%	-537 k €	-479%	141,7 k €	+67.3%	84,7 k €	+288%	21,8 k €	+69.1%	12,9 k €	-94.6%	237 k €	-26.0%	320,4 k €	+0.8%	318 k €	+37.0%	232 k €	+22354%	1 k €	-97.9%	50 k €	-57.0%	116,3 k €	-39.0%	190,7 k €	+5.3%	181,2 k €
Net result	1,5 M €	+102%	730,2 k €	+70.9%	427,3 k €	+1.8%	419,7 k €	+9.4%	383,6 k €	+1637%	22,1 k €	+103%	-639,5 k €	-992%	71,7 k €	+421%	-22,3 k €	-98.2%	-11,3 k €	-193%	12,2 k €	-92.8%	167,8 k €	-43.5%	297,3 k €	+2.9%	288,8 k €	+37.2%	210,5 k €	+132%	90,7 k €	+3.1%	88 k €	-0.9%	88,8 k €	-41.6%	152 k €	+32.4%	114,8 k €
Balance sheet
Equity	3,9 M €	+47.8%	2,6 M €	+24.2%	2,1 M €	+13.1%	1,9 M €	+14.6%	1,6 M €	+26.5%	1,3 M €	+0.8%	1,3 M €	-34.0%	1,9 M €	+2.2%	1,9 M €	-1.8%	1,9 M €	-1.5%	2 M €	-0.7%	2 M €	+27.4%	1,5 M €	+12.2%	1,4 M €	+17.9%	1,2 M €	+13.7%	1 M €	+2.1%	1 M €	+1.8%	987,2 k €	+1.9%	968,4 k €	+10.1%	879,7 k €
Total assets	11,7 M €	-1.2%	11,8 M €	-1.0%	12 M €	+18.8%	10,1 M €	+4.9%	9,6 M €	-4.2%	10 M €	-21.2%	12,7 M €	-3.8%	13,2 M €	+2.6%	12,9 M €	+10.5%	11,7 M €	+0.6%	11,6 M €	+2.9%	11,3 M €	+140%	4,7 M €	+15.3%	4,1 M €	-0.8%	4,1 M €	+14.9%	3,6 M €	+40.9%	2,5 M €	+4.4%	2,4 M €	+26.2%	1,9 M €	+10.3%	1,7 M €
Cash	110,7 k €	-48.4%	214,5 k €	-23.0%	278,6 k €	-10.9%	312,6 k €	+204%	102,9 k €	-38.8%	168 k €	+42.2%	118,1 k €	-27.1%	162,1 k €	-15.7%	192,2 k €	-20.2%	241 k €	+1089%	20,3 k €	-86.3%	148,3 k €	-39.9%	246,9 k €	+98.0%	124,7 k €	+620%	17,3 k €	-78.3%	79,7 k €	-7.3%	85,9 k €	-4.7%	90,2 k €	+11.5%	80,8 k €	+15.2%	70,2 k €
Debts	7,4 M €	-20.1%	9,2 M €	-6.4%	9,9 M €	+20.1%	8,2 M €	+2.9%	8 M €	-8.8%	8,7 M €	-23.6%	11,4 M €	+1.2%	11,3 M €	+2.7%	11 M €	+12.9%	9,7 M €	+1.0%	9,7 M €	+3.7%	9,3 M €	+201%	3,1 M €	+17.8%	2,6 M €	-9.4%	2,9 M €	+16.0%	2,5 M €	+70.6%	1,5 M €	+1.8%	1,4 M €	+50.8%	951,5 k €	+10.5%	861,2 k €
Other
Workforce	52,3 ETP	+5.4%	49,6 ETP	+3.3%	48,0 ETP	-6.4%	51,3 ETP	-12.2%	58,4 ETP	0.0%	58,4 ETP	-13.2%	67,3 ETP	-2.3%	68,9 ETP	-1.3%	69,8 ETP	+7.9%	64,7 ETP	+3.4%	62,6 ETP	+45.6%	43,0 ETP	+53.6%	28,0 ETP	0.0%	28,0 ETP	+4.5%	26,8 ETP	+24.7%	21,5 ETP	+24.3%	17,3 ETP	-16.8%	20,8 ETP	+31.6%	15,8 ETP	+9.7%	14,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 27 ended

Active mandates

Alain GERARD

Mandate

Active

BENOIT BEAUTHIER

Mandate

Active

BENOIT CLABOTS

Mandate

Active

BFIVE

Mandate · 0781.835.737

Represented by PHILIPPE BEAUTHIER

Active

JEAN LOUIS BOUSS

Mandate

Active

Ended mandates

Alain GERARD

Director · since 27 mai 2020 · until 27 mai 2026

Ended

Benoît BEAUTHIER

Managing director · since 27 mai 2020 · until 27 mai 2026

Ended

Benoît CLABOTS

Director · since 27 mai 2020 · until 27 mai 2026

Ended

Jean-Louis BOUSS

Director · since 27 mai 2020 · until 27 mai 2026

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	01/07/2026	31/07/2025	27/08/2024	06/07/2023	08/07/2022	08/06/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	28/05/2021
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
Full model	31/12/2025	30/06/2026	01/07/2026	French	PDF
Full modelCorrection	31/12/2024	30/06/2025	31/07/2025	French	PDF
Full model	31/12/2024	30/06/2025	03/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	27/08/2024	French	PDF
Full model	31/12/2022	30/06/2023	06/07/2023	French	PDF
Full model	31/12/2021	30/06/2022	08/07/2022	French	PDF
Full model	31/12/2020	28/05/2021	08/06/2021	French	PDF
Full model	31/12/2019	07/09/2020	05/10/2020	French	PDF
Full model	31/12/2018	21/08/2019	30/08/2019	French	PDF
Full model	31/12/2017	15/06/2018	24/07/2018	French	PDF
Full model	31/12/2016	25/08/2017	30/08/2017	French	PDF
Full model	31/12/2015	27/05/2016	28/07/2016	French	PDF
Full model	31/12/2014	25/08/2015	31/08/2015	French	PDF
Full model	31/12/2013	30/05/2014	18/06/2014	French	PDF
Full model	31/12/2012	31/05/2013	29/08/2013	French	PDF
Full model	31/12/2011	25/05/2012	20/07/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	03/08/2010	French	PDF
Abridged model	31/12/2008	20/05/2009	27/05/2009	French	PDF
Abridged model	31/12/2007	25/06/2008	22/07/2008	French	PDF
Abridged model	31/12/2006	25/06/2007	28/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 5 active · 27 ended

Active mandates

Alain GERARD

Mandate

Active

BENOIT BEAUTHIER

Mandate

Active

BENOIT CLABOTS

Mandate

Active

BFIVE

Mandate · 0781.835.737

Represented by PHILIPPE BEAUTHIER

Active

JEAN LOUIS BOUSS

Mandate

Active

Ended mandates

Alain GERARD

Director · since 27 mai 2020 · until 27 mai 2026

Ended

Benoît BEAUTHIER

Managing director · since 27 mai 2020 · until 27 mai 2026

Ended

Benoît CLABOTS

Director · since 27 mai 2020 · until 27 mai 2026

Ended

Jean-Louis BOUSS

Director · since 27 mai 2020 · until 27 mai 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/07/2026
SIEGE SOCIAL
PDF
Other22/07/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates24/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates30/10/2025
DEMISSIONS, NOMINATIONS
PDF
Other28/08/2023
DIVERS
PDF
Other27/12/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates12/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates05/02/2019
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 20251,5 M €↑
2024
Annual accounts 2024730,2 k €↑
2023
Annual accounts 2023427,3 k €↑
2022
Annual accounts 2022419,7 k €↑
2021
Annual accounts 2021383,6 k €↑
2020
Annual accounts 202022,1 k €↑
2019
Annual accounts 2019-639,5 k €↓
2018
Annual accounts 201871,7 k €↑
2017
Annual accounts 2017-22,3 k €↓
2016
Annual accounts 2016-11,3 k €↓
2015
Annual accounts 201512,2 k €↓
2014
Annual accounts 2014167,8 k €↓
2013
Annual accounts 2013297,3 k €↑
2012
Annual accounts 2012288,8 k €↑
2011
Annual accounts 2011210,5 k €↑
2010
Annual accounts 201090,7 k €↑
2009
Annual accounts 200988 k €↓
2008
Annual accounts 200888,8 k €↓
2007
Annual accounts 2007152 k €↑
2006
Annual accounts 2006114,8 k €
03/12/1991
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

CIPAC

Overview

What does CIPAC do?

Trend over 20 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