ACTIVE

CIPAPI

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Financial year 2025 · closed on 31/01/2025
Net result
602,3 k €
-26.7% YoY
Revenue
13,9 M €
-1.5% YoY
Equity
4,6 M €
+15.1% YoY
Workforce
50,0 ETP
-8.6% YoY

What does CIPAPI do?

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· main10130Production of meat and poultry meat products15131Tanning and dressing of leather; manufacture of luggage, handbags, saddlery and harness; dressing and dyeing of fur55302Camping grounds, recreational vehicle parks and trailer parks56102Restaurants and mobile food service activities56112Restaurants and mobile food service activities+3
Joint committees (3)
  • 118
  • 119
  • 220
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020082007
Income statement
Revenue13,9 M €14,1 M €12,3 M €7,1 M €3,7 M €11,9 M €11,8 M €11,0 M €9,9 M €8,4 M €7,7 M €6,3 M €5,3 M €4,4 M €3,5 M €–––
EBITDA1,2 M €1,3 M €1,0 M €-123,2 k €-595,3 k €2,0 M €2,0 M €2,0 M €1,9 M €1,7 M €1,4 M €1,3 M €1,0 M €745,6 k €238,7 k €344,1 k €-28,6 k €-19,4 k €
Operating result862,7 k €933,5 k €565,8 k €-530,1 k €-922,5 k €1,7 M €1,7 M €1,7 M €1,7 M €1,5 M €1,2 M €1,2 M €901,6 k €494,5 k €161,4 k €249,9 k €-100,8 k €-92,8 k €
Net result602,3 k €822,0 k €220,5 k €-567,4 k €-969,5 k €1,2 M €1,2 M €1,1 M €1,1 M €970,1 k €898,3 k €792,6 k €647,9 k €323,1 k €71,3 k €168,9 k €-155,7 k €-34,2 k €
Balance sheet
Equity4,6 M €4,0 M €3,2 M €2,9 M €3,5 M €4,5 M €3,3 M €2,8 M €1,7 M €2,3 M €2,3 M €1,7 M €913,5 k €565,6 k €242,6 k €171,3 k €2,4 k €158,0 k €
Total assets7,9 M €7,4 M €7,9 M €7,7 M €6,3 M €6,4 M €6,5 M €5,3 M €5,6 M €5,5 M €4,2 M €4,0 M €3,2 M €2,3 M €1,9 M €1,5 M €1,6 M €1,6 M €
Cash458,1 k €112,1 k €448,0 k €189,1 k €32,3 k €6,6 k €2,6 M €902,6 k €449,1 k €668,6 k €333,8 k €169,7 k €73,4 k €225,4 k €296,6 k €65,7 k €9,0 k €2,2 k €
Debts3,4 M €3,4 M €4,7 M €4,8 M €2,8 M €1,9 M €3,2 M €2,5 M €3,8 M €3,2 M €1,9 M €2,3 M €1,8 M €1,4 M €1,4 M €1,2 M €1,6 M €1,4 M €
Other
Workforce50,0 ETP54,7 ETP54,5 ETP49,4 ETP49,4 ETP50,2 ETP51,1 ETP45,3 ETP40,9 ETP37,7 ETP29,6 ETP26,0 ETP22,8 ETP20,4 ETP18,0 ETP17,5 ETP18,1 ETP14,1 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 31/01/2025 · 4 active · 20 ended

Active mandates

IRIS BELGIUM

Director · since 04 juin 2024 · until 06 mai 2025 · 0540.792.024

Represented by Cyril Wolkonsky

Active
DRINKS, FOOD AND HEALTH

Director · since 13 juin 2023 · until 06 mai 2025 · 0479.533.356

Represented by Luc Dossche

Active
SOWL

Director · since 16 juillet 2020 · until 04 juin 2024 · 0888.719.344

Active
EXKI

Managing director · since 20 juin 2018 · until 06 mai 2025 · 0472.429.986

Represented by Stanislas Monheim

Active

Ended mandates

Walroche

Director · since 01 juillet 2021 · until 06 mai 2025 · 0749.859.587

Ended
SOWL

Director · since 16 juillet 2020 · until 06 mai 2025 · 0888.719.344

Ended
SOWL

Director · since 24 juillet 2019 · until 23 juillet 2020 · 0888.719.344

Represented by Frédéric Rouvez

Ended
EXKI

Director · since 20 juin 2018 · until 20 juin 2024 · 0472.429.986

Represented by Nicolas Steisel

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/02/202401/02/202301/02/202201/02/202101/02/202001/02/2019
Closing of the financial year31/01/202531/01/202431/01/202331/01/202231/01/202131/01/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/10/202529/08/202411/08/202326/08/202219/08/202111/09/2020
General meeting23/10/202511/06/202413/06/202326/07/202231/07/202118/07/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/01/202523/10/202530/10/2025FrenchPDF
Full model31/01/202411/06/202429/08/2024FrenchPDF
Full model31/01/202313/06/202311/08/2023FrenchPDF
Full model31/01/202226/07/202226/08/2022FrenchPDF
Full model31/01/202131/07/202119/08/2021FrenchPDF
Full model31/01/202018/07/202011/09/2020FrenchPDF
Full model31/01/201924/07/201916/08/2019FrenchPDF
Full model31/01/201820/06/201821/09/2018FrenchPDF
Full model31/01/201717/07/201715/09/2017FrenchPDF
Full model31/01/201605/07/201613/09/2016FrenchPDF
Full model31/01/201530/06/201529/07/2015FrenchPDF
Full model31/01/201430/06/201407/07/2014FrenchPDF
Full model31/01/201311/06/201311/07/2013FrenchPDF
Full model31/01/201212/06/201228/09/2012FrenchPDF
Full model31/01/201103/05/201123/06/2011FrenchPDF
Abridged modelCorrection31/01/201004/05/201021/10/2010FrenchPDF
Abridged model31/01/201004/05/201029/09/2010FrenchPDF
Abridged model30/09/200802/02/200920/02/2009FrenchPDF
Abridged model30/09/200704/02/200830/04/2008FrenchPDF
Abridged model30/09/200605/02/200706/03/2007FrenchPDF
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 31/01/2025 · 4 active · 20 ended

Active mandates

IRIS BELGIUM

Director · since 04 juin 2024 · until 06 mai 2025 · 0540.792.024

Represented by Cyril Wolkonsky

Active
DRINKS, FOOD AND HEALTH

Director · since 13 juin 2023 · until 06 mai 2025 · 0479.533.356

Represented by Luc Dossche

Active
SOWL

Director · since 16 juillet 2020 · until 04 juin 2024 · 0888.719.344

Active
EXKI

Managing director · since 20 juin 2018 · until 06 mai 2025 · 0472.429.986

Represented by Stanislas Monheim

Active

Ended mandates

Walroche

Director · since 01 juillet 2021 · until 06 mai 2025 · 0749.859.587

Ended
SOWL

Director · since 16 juillet 2020 · until 06 mai 2025 · 0888.719.344

Ended
SOWL

Director · since 24 juillet 2019 · until 23 juillet 2020 · 0888.719.344

Represented by Frédéric Rouvez

Ended
EXKI

Director · since 20 juin 2018 · until 20 juin 2024 · 0472.429.986

Represented by Nicolas Steisel

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution14/08/2026
    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

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

Timeline

  1. 2025
    Annual accounts 2025602,3 k €↓
  2. 2024
    Annual accounts 2024822,0 k €↑
  3. 2023
    Annual accounts 2023220,5 k €↑
  4. 2022
    Annual accounts 2022-567,4 k €↑
  5. 2021
    Annual accounts 2021-969,5 k €↓
  6. 2020
    Annual accounts 20201,2 M €↑
  7. 2019
    Annual accounts 20191,2 M €↑
  8. 2018
    Annual accounts 20181,1 M €↑
  9. 2017
    Annual accounts 20171,1 M €↑
  10. 2016
    Annual accounts 2016970,1 k €↑
  11. 2015
    Annual accounts 2015898,3 k €↑
  12. 2014
    Annual accounts 2014792,6 k €↑
  13. 2013
    Annual accounts 2013647,9 k €↑
  14. 2012
    Annual accounts 2012323,1 k €↑
  15. 2011
    Annual accounts 201171,3 k €↓
  16. 2010
    Annual accounts 2010168,9 k €↑
  17. 2008
    Annual accounts 2008-155,7 k €↓
  18. 2007
    Annual accounts 2007-34,2 k €
  19. 28/07/1999
    IncorporationPublic limited company