ACTIVE

CIPAPI

Export PDF

Financial year 2025 · Closed on 31/01/2025

Net result602,3 k €-26,7 %over 1 year

Revenue13,9 M €-1,5 %over 1 year

Equity4,6 M €+15,1 %over 1 year

Workforce50,0 ETP-8,6 %over 1 year

Identity

Source · BCE/KBO

CIPAPI is a Public limited company incorporated in 1999. Its main activity is: Production of meat and poultry meat products. Its registered office is in Nivelles. It employs on average 50,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0466.620.577
Incorporation: 28/07/1999
Legal form: Public limited company
Registered office: Vieille Cour 76
1402 Nivelles · WallonieSee on map
Contributed capital: 181 250,00 €
Latest accounts: 31/01/2025
Average workforce: 50,0 ETP

Activities (NACE)

10130Production of meat and poultry meat products· main 10130Production of meat and poultry meat products 15131Tanning and dressing of leather; manufacture of luggage, handbags, saddlery and harness; dressing and dyeing of fur 55302Camping grounds, recreational vehicle parks and trailer parks 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities+3

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	13,9 M €	-1.5%	14,1 M €	+14.9%	12,3 M €	+73.8%	7,1 M €	+92.3%	3,7 M €
EBITDA	1,2 M €	-5.9%	1,3 M €	+21.1%	1 M €	+947%	-123,2 k €	+79.3%	-595,3 k €
Operating result	862,7 k €	-7.6%	933,5 k €	+65.0%	565,8 k €	+207%	-530,1 k €	+42.5%	-922,5 k €
Net result	602,3 k €	-26.7%	822 k €	+273%	220,5 k €	+139%	-567,4 k €	+41.5%	-969,5 k €
Balance sheet
Equity	4,6 M €	+15.1%	4 M €	+26.0%	3,2 M €	+7.5%	2,9 M €	-16.2%	3,5 M €
Total assets	7,9 M €	+7.0%	7,4 M €	-6.0%	7,9 M €	+2.3%	7,7 M €	+21.6%	6,3 M €
Cash	458,1 k €	+309%	112,1 k €	-75.0%	448 k €	+137%	189,1 k €	+486%	32,3 k €
Debts	3,4 M €	-2.5%	3,4 M €	-27.4%	4,7 M €	-1.0%	4,8 M €	+68.4%	2,8 M €
Other
Workforce	50,0 ETP	-8.6%	54,7 ETP	+0.4%	54,5 ETP	+10.3%	49,4 ETP	0.0%	49,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/01/2025

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
IRIS BELGIUM0540.792.024Represented by Cyril Wolkonsky	Director04/06/2024 → 06/05/2025
DRINKS, FOOD AND HEALTH0479.533.356Represented by Luc Dossche	Director13/06/2023 → 06/05/2025
SOWL0888.719.344	Director12/11/2013 → 06/05/2025
EXKI0472.429.986Represented by Stanislas Monheim	Managing director20/06/2018 → 06/05/2025Director12/06/2012 → 2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Walroche0749.859.587	Director01/07/2021 → 2022 accounts
CHORUS FR MANAGEMENT0472.105.136	Managing director28/09/2009 → 2010 accounts

Other companies at this address

Vieille Cour 76 1402 Nivelles

Company	CBE no.
CIPAKENGA● Active	0541.782.909
KENGANI● Active	0462.200.347

Full financial information

Source · NBB

	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	01/02/2024	01/02/2023	01/02/2022	01/02/2021	01/02/2020	01/02/2019
Closing of the financial year	31/01/2025	31/01/2024	31/01/2023	31/01/2022	31/01/2021	31/01/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	29/08/2024	11/08/2023	26/08/2022	19/08/2021	11/09/2020
General meeting	23/10/2025	11/06/2024	13/06/2023	26/07/2022	31/07/2021	18/07/2020
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/01/2025	23/10/2025	30/10/2025	French	PDF
Full model	31/01/2024	11/06/2024	29/08/2024	French	PDF
Full model	31/01/2023	13/06/2023	11/08/2023	French	PDF
Full model	31/01/2022	26/07/2022	26/08/2022	French	PDF
Full model	31/01/2021	31/07/2021	19/08/2021	French	PDF
Full model	31/01/2020	18/07/2020	11/09/2020	French	PDF
Full model	31/01/2019	24/07/2019	16/08/2019	French	PDF
Full model	31/01/2018	20/06/2018	21/09/2018	French	PDF
Full model	31/01/2017	17/07/2017	15/09/2017	French	PDF
Full model	31/01/2016	05/07/2016	13/09/2016	French	PDF
Full model	31/01/2015	30/06/2015	29/07/2015	French	PDF
Full model	31/01/2014	30/06/2014	07/07/2014	French	PDF
Full model	31/01/2013	11/06/2013	11/07/2013	French	PDF
Full model	31/01/2012	12/06/2012	28/09/2012	French	PDF
Full model	31/01/2011	03/05/2011	23/06/2011	French	PDF
Abridged modelCorrection	31/01/2010	04/05/2010	21/10/2010	French	PDF
Abridged model	31/01/2010	04/05/2010	29/09/2010	French	PDF
Abridged model	30/09/2008	02/02/2009	20/02/2009	French	PDF
Abridged model	30/09/2007	04/02/2008	30/04/2008	French	PDF
Abridged model	30/09/2006	05/02/2007	06/03/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/01/2025

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
IRIS BELGIUM0540.792.024Represented by Cyril Wolkonsky	Director04/06/2024 → 06/05/2025
DRINKS, FOOD AND HEALTH0479.533.356Represented by Luc Dossche	Director13/06/2023 → 06/05/2025
SOWL0888.719.344	Director12/11/2013 → 06/05/2025
EXKI0472.429.986Represented by Stanislas Monheim	Managing director20/06/2018 → 06/05/2025Director12/06/2012 → 2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Walroche0749.859.587	Director01/07/2021 → 2022 accounts
CHORUS FR MANAGEMENT0472.105.136	Managing director28/09/2009 → 2010 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/08/2026
Nomination et cessations
PDF
Other22/06/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates12/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates14/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2021
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

IRIS BELGIUM

DRINKS, FOOD AND HEALTH

SOWL

EXKI

Walroche

NST ACTISPACE

CHORUS FR MANAGEMENT

FREDERIK BERNA

PATRICK LUWEL

FREDERIC BERNA

1999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CIPAPI

Vieille Cour 76, 1402 Thines

Director

Managing directorDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Vieille Cour 76, 1402 ThinesCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00558436

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CIPAPICurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00558436

Events

2025
Annual accounts 2025602,3 k €↓
2024
Annual accounts 2024822 k €↑
2023
Annual accounts 2023220,5 k €↑
2022
Annual accounts 2022-567,4 k €↑
2021
Annual accounts 2021-969,5 k €↓
2020
Annual accounts 20201,2 M €↑
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016970,1 k €↑
2015
Annual accounts 2015898,3 k €↑
2014
Annual accounts 2014792,6 k €↑
2013
Annual accounts 2013647,9 k €↑
2012
Annual accounts 2012323,1 k €↑
2011
Annual accounts 201171,3 k €↓
2010
Annual accounts 2010168,9 k €↑
2008
Annual accounts 2008-155,7 k €↓
2007
Annual accounts 2007-34,2 k €
28/07/1999
IncorporationPublic limited company

CIPAPI

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events