ACTIVE

PIPE CONSTRUCT

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Financial year 2024 · closed on 31/12/2024

Net result

1,4 M €

+15.9% YoY

Revenue

9,2 M €

+49.0% YoY

Equity

840,1 k €

+75.0% YoY

Workforce

7,4 ETP

-8.6% YoY

What does PIPE CONSTRUCT do?

PIPE CONSTRUCT is a Public limited company incorporated in 1993. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Frameries. It employs on average 7,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.888.869

Incorporation

15/04/1993

Legal form

Public limited company

Registered office

Rue de l'Europe 17
7080 Frameries · WallonieSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2024

Average workforce

7,4 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 25210Manufacture of central heating radiators and boilers 25300Manufacture of steam generators, except central heating hot water boilers 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 28300Manufacture of agricultural and forestry machinery

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	9,2 M €	+49.0%	6,2 M €	+122%	2,8 M €	-72.7%	10,2 M €	+650%	1,4 M €	-62.8%	3,6 M €	+26.4%	2,9 M €	-73.5%	10,9 M €	+98.6%	5,5 M €	+2.9%	5,3 M €	-25.7%	7,2 M €	+400%	1,4 M €	-76.9%	6,2 M €	-7.9%	6,7 M €	-23.8%	8,8 M €	+16.2%	7,6 M €	-53.9%	16,5 M €		–		–
EBITDA	2,8 M €	+43.3%	2,0 M €	+2893%	65,7 k €	-74.3%	256,1 k €	-49.5%	507,1 k €	-4.7%	532,3 k €	+194%	180,9 k €	-66.8%	545,7 k €	-46.1%	1,0 M €	+98.5%	510,2 k €	-17.6%	618,9 k €	+70.3%	363,4 k €	-52.3%	762,4 k €	-66.0%	2,2 M €	-15.1%	2,6 M €	+41.5%	1,9 M €	-19.1%	2,3 M €	+81.7%	1,3 M €	+1.0%	1,3 M €
Operating result	2,0 M €	+21.4%	1,7 M €	+4070%	-41,8 k €	-130%	139,0 k €	-65.2%	399,8 k €	-3.6%	414,7 k €	+642%	55,9 k €	-85.8%	393,3 k €	-53.5%	846,3 k €	+275%	225,6 k €	-11.1%	253,6 k €	+1627%	14,7 k €	-98.6%	1,0 M €	-37.5%	1,6 M €	-12.4%	1,9 M €	+20.4%	1,5 M €	+56.2%	987,1 k €	+37.5%	718,0 k €	+40.5%	511,2 k €
Net result	1,4 M €	+15.9%	1,2 M €	+3097%	-39,2 k €	-139%	101,8 k €	-65.1%	291,4 k €	+0.9%	288,7 k €	+722%	35,1 k €	-86.6%	262,8 k €	-51.2%	538,6 k €	+169%	200,0 k €	-0.9%	201,9 k €	-57.5%	475,2 k €	-36.0%	742,8 k €	-34.9%	1,1 M €	-12.1%	1,3 M €	+11.8%	1,2 M €	+94.7%	596,6 k €	+18.7%	502,6 k €	+67.9%	299,4 k €
Balance sheet
Equity	840,1 k €	+75.0%	480,1 k €	-63.3%	1,3 M €	-77.7%	5,8 M €	+1.7%	5,7 M €	+5.5%	5,4 M €	+5.8%	5,1 M €	+0.6%	5,1 M €	+5.3%	4,9 M €	-31.8%	7,1 M €	+2.7%	6,9 M €	+2.2%	6,8 M €	+8.6%	6,2 M €	+13.2%	5,5 M €	+25.5%	4,4 M €	+45.5%	3,0 M €	+62.5%	1,9 M €	+47.2%	1,3 M €	+66.1%	760,2 k €
Total assets	8,5 M €	-12.6%	9,7 M €	+218%	3,0 M €	-60.7%	7,7 M €	-33.0%	11,5 M €	+91.2%	6,0 M €	-12.1%	6,9 M €	-9.9%	7,6 M €	-31.6%	11,2 M €	+18.1%	9,4 M €	+10.8%	8,5 M €	+8.6%	7,8 M €	-3.6%	8,1 M €	+6.0%	7,7 M €	+2.5%	7,5 M €	+1.0%	7,4 M €	+17.2%	6,3 M €	+28.5%	4,9 M €	-1.8%	5,0 M €
Cash	373,4 k €	-55.5%	839,4 k €	-37.5%	1,3 M €	-76.3%	5,7 M €	+295%	1,4 M €	-66.8%	4,3 M €	-3.1%	4,5 M €	+1.5%	4,4 M €	+41.9%	3,1 M €	+14310%	21,4 k €	-98.9%	1,9 M €	+625%	266,6 k €	-83.9%	1,7 M €	-24.1%	2,2 M €	+292%	557,7 k €	+372%	118,1 k €	-94.1%	2,0 M €	+297%	508,6 k €	+19.4%	425,9 k €
Debts	6,8 M €	-24.7%	9,0 M €	+432%	1,7 M €	-8.0%	1,8 M €	-68.0%	5,7 M €	+1024%	509,8 k €	-56.9%	1,2 M €	-39.7%	2,0 M €	-65.8%	5,7 M €	+229%	1,7 M €	+75.4%	993,6 k €	+125%	440,9 k €	-69.3%	1,4 M €	+2.4%	1,4 M €	-32.4%	2,1 M €	-38.3%	3,4 M €	-24.8%	4,5 M €	+22.3%	3,7 M €	-14.1%	4,2 M €
Other
Workforce	7,4 ETP	-8.6%	8,1 ETP	+1.2%	8,0 ETP	0.0%	8,0 ETP	+6.7%	7,5 ETP	0.0%	7,5 ETP	-7.4%	8,1 ETP	+2.5%	7,9 ETP	-10.2%	8,8 ETP	-17.8%	10,7 ETP	0.0%	10,7 ETP	+12.6%	9,5 ETP	-17.4%	11,5 ETP	-2.5%	11,8 ETP	-6.3%	12,6 ETP	-10.6%	14,1 ETP	-7.8%	15,3 ETP	+2.7%	14,9 ETP	-12.4%	17,0 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 31/12/2024 · 6 active · 25 ended

Active mandates

Claude Maximilien PIRSON

Managing director · since 26 juillet 2024 · until 28 août 2025

Active

Gaël HANON

Director · since 26 juillet 2024 · until 28 août 2025

Active

Nordine BENABDERRAHMANE

Director · since 26 juillet 2024 · until 28 août 2025

Active

Claude Maximilien PIRSON

Managing director · since 31 juillet 2023 · until 26 juillet 2024

Active

Gaël HANON

Director · since 31 juillet 2023 · until 26 juillet 2024

Active

Nordine BENABDERRAHMANE

Director · since 31 juillet 2023 · until 26 juillet 2024

Active

Ended mandates

Claude Maximilien PIRSON

Managing director · since 11 juillet 2022 · until 31 juillet 2023

Ended

Gaël HANON

Director · since 11 juillet 2022 · until 31 juillet 2023

Ended

Nordine BENABDERRAHMANE

Director · since 11 juillet 2022 · until 31 juillet 2023

Ended

Gaël HANON

Director · since 08 juillet 2022 · until 08 juillet 2022

Ended

At this address

Other companies at this address

Company	CBE no.
PIRSON MONTAGE HAINAUT● Active	0455.599.102

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2025	21/08/2024	10/08/2023	30/08/2022	30/08/2021	16/09/2020
General meeting	28/08/2025	26/07/2024	31/07/2023	11/07/2022	27/08/2021	15/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	28/08/2025	29/08/2025	French	PDF
Full model	31/12/2023	26/07/2024	21/08/2024	French	PDF
Full model	31/12/2022	31/07/2023	10/08/2023	French	PDF
Full model	31/12/2021	11/07/2022	30/08/2022	French	PDF
Full model	31/12/2020	27/08/2021	30/08/2021	French	PDF
Full model	31/12/2019	15/06/2020	16/09/2020	French	PDF
Full model	31/12/2018	17/06/2019	26/08/2019	French	PDF
Abridged model	31/12/2017	18/06/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	28/04/2017	22/06/2017	French	PDF
Full model	31/12/2015	27/06/2016	12/09/2016	French	PDF
Full model	31/12/2014	08/06/2015	31/08/2015	French	PDF
Full model	31/12/2013	16/06/2014	10/09/2014	French	PDF
Full model	31/12/2012	17/06/2013	22/07/2013	French	PDF
Full model	31/12/2011	18/06/2012	27/07/2012	French	PDF
Full model	31/12/2010	20/06/2011	28/09/2011	French	PDF
Full model	31/12/2009	21/06/2010	30/07/2010	French	PDF
Full model	31/12/2008	15/06/2009	18/08/2009	French	PDF
Abridged model	31/12/2007	16/06/2008	11/08/2008	French	PDF
Abridged model	31/12/2006	18/06/2007	13/07/2007	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 31/12/2024 · 6 active · 25 ended

Active mandates

Claude Maximilien PIRSON

Managing director · since 26 juillet 2024 · until 28 août 2025

Active

Gaël HANON

Director · since 26 juillet 2024 · until 28 août 2025

Active

Nordine BENABDERRAHMANE

Director · since 26 juillet 2024 · until 28 août 2025

Active

Claude Maximilien PIRSON

Managing director · since 31 juillet 2023 · until 26 juillet 2024

Active

Gaël HANON

Director · since 31 juillet 2023 · until 26 juillet 2024

Active

Nordine BENABDERRAHMANE

Director · since 31 juillet 2023 · until 26 juillet 2024

Active

Ended mandates

Claude Maximilien PIRSON

Managing director · since 11 juillet 2022 · until 31 juillet 2023

Ended

Gaël HANON

Director · since 11 juillet 2022 · until 31 juillet 2023

Ended

Nordine BENABDERRAHMANE

Director · since 11 juillet 2022 · until 31 juillet 2023

Ended

Gaël HANON

Director · since 08 juillet 2022 · until 08 juillet 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2023
DEMISSIONS, NOMINATIONS
PDF
Other04/09/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates30/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates08/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates03/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2020
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

2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022-39,2 k €↓
2021
Annual accounts 2021101,8 k €↓
2020
Annual accounts 2020291,4 k €↑
2019
Annual accounts 2019288,7 k €↑
2018
Annual accounts 201835,1 k €↓
2017
Annual accounts 2017262,8 k €↓
2016
Annual accounts 2016538,6 k €↑
2015
Annual accounts 2015200,0 k €↓
2014
Annual accounts 2014201,9 k €↓
2013
Annual accounts 2013475,2 k €↓
2012
Annual accounts 2012742,8 k €↓
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20101,3 M €↑
2009
Annual accounts 20091,2 M €↑
2008
Annual accounts 2008596,6 k €↑
2007
Annual accounts 2007502,6 k €↑
2006
Annual accounts 2006299,4 k €
15/04/1993
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

PIPE CONSTRUCT

Overview

What does PIPE CONSTRUCT 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