ACTIVE

COPILOT MANAGEMENT

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Financial year 2025 · closed on 30/06/2025

Net result

87 k €

+148.7% YoY

Gross margin

6,1 k €

-4.9% YoY

Equity

427,1 k €

+143.9% YoY

What does COPILOT MANAGEMENT do?

COPILOT MANAGEMENT is a Public limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.645.042

Incorporation

17/09/2001

Legal form

Public limited company

Registered office

Quai Godefroid-Kurth 30
4020 Liège · WallonieSee on map

Contributed capital

401 500,00 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 22150Manufacture of rubber products 58190Other publishing activities 58190Other publishing activities+3

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	6,1 k €	-4.9%	6,5 k €	+130%	2,8 k €	-26.5%	3,8 k €	+251%	-2,5 k €	-25.7%	-2 k €	+1.3%	-2 k €	-110%	19,4 k €	+667%	-3,4 k €	-112%	27,8 k €	+19.9%	23,2 k €	+148%	9,3 k €	+138%	-24,9 k €	-123%	107,1 k €	-39.9%	178,2 k €	+96.5%	90,7 k €	+50.2%	60,4 k €	-12.3%	68,8 k €	+80.2%	38,2 k €
EBITDA	4,9 k €	-2.5%	5,1 k €	+193%	1,7 k €	-37.0%	2,7 k €	+171%	-3,9 k €	-50.0%	-2,6 k €	-6.3%	-2,4 k €	-113%	18,3 k €	+168%	-27 k €	-201%	26,7 k €	+21.0%	22,1 k €	+168%	8,2 k €	+111%	-78,2 k €	-229%	60,7 k €	-45.8%	112 k €	+149%	45 k €	+27.9%	35,2 k €	-23.4%	46 k €	+462%	8,2 k €
Operating result	4,9 k €	-2.5%	5,1 k €	+193%	1,7 k €	-37.0%	2,7 k €	+171%	-3,9 k €	-50.0%	-2,6 k €	-6.3%	-2,4 k €	-113%	18,3 k €	+458%	-5,1 k €	-119%	26,4 k €	+29.3%	20,5 k €	+305%	5,1 k €	+105%	-99,1 k €	-354%	39,1 k €	-45.6%	71,8 k €	+216%	22,7 k €	+65.9%	13,7 k €	-54.3%	30 k €	+1537%	1,8 k €
Net result	87 k €	+149%	35 k €	+107%	16,9 k €	+194%	-17,9 k €	+32.4%	-26,5 k €	-12.5%	-23,5 k €	-28.8%	-18,3 k €	-9736%	189,7 €	+101%	-17,1 k €	-1478%	-1,1 k €	-200%	1,1 k €	+104%	-24,2 k €	-339%	10,1 k €	+80.3%	5,6 k €	-66.2%	16,6 k €	+554%	2,5 k €	+108%	1,2 k €	-94.2%	20,9 k €	+1107%	1,7 k €
Balance sheet
Equity	427,1 k €	+144%	175,1 k €	+25.0%	140,1 k €	+13.7%	123,2 k €	-12.7%	141,1 k €	-15.8%	167,6 k €	-12.3%	191,2 k €	-8.7%	209,4 k €	+0.1%	209,3 k €	-7.6%	226,4 k €	-0.5%	227,5 k €	+0.5%	226,4 k €	-9.7%	250,6 k €	+4.2%	240,5 k €	+2.4%	234,9 k €	+7.6%	218,3 k €	+292%	55,7 k €	+2.2%	54,5 k €	+62.4%	33,6 k €
Total assets	1,5 M €	+46.5%	1 M €	+0.6%	1 M €	+0.5%	1 M €	+0.5%	997,2 k €	+0.5%	992,2 k €	+0.2%	990 k €	+1.8%	972,3 k €	+41.4%	687,4 k €	-20.3%	862,6 k €	+4.0%	829,6 k €	-12.1%	943,7 k €	-22.0%	1,2 M €	-3.9%	1,3 M €	+2.6%	1,2 M €	-13.1%	1,4 M €	+488%	240,3 k €	+19.4%	201,3 k €	-6.1%	214,5 k €
Cash	12,8 k €	+2006%	606,6 €	+79.8%	337,4 €	+24.8%	270,5 €	-0.8%	272,8 €	+57.7%	173 €	-2.9%	178,1 €	-98.9%	15,7 k €	+8682%	178,7 €	-82.7%	1 k €	-76.7%	4,4 k €	-84.9%	29,2 k €	+16141%	180 €	-35.3%	278 €	-99.7%	82,7 k €	-70.1%	276,3 k €	+143796%	192 €	-98.0%	9,4 k €	-86.9%	72 k €
Debts	1 M €	+26.9%	820,1 k €	+1.2%	810,3 k €	+0.8%	803,9 k €	+1.4%	792,8 k €	+1.7%	779,8 k €	+1.7%	767,1 k €	+4.1%	737 k €	+61.8%	455,5 k €	-26.2%	617,2 k €	+5.7%	584,1 k €	-17.3%	705,9 k €	-25.9%	952,1 k €	-4.5%	997 k €	+3.1%	967 k €	-18.6%	1,2 M €	+545%	184,1 k €	+25.4%	146,8 k €	-18.8%	180,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,6 ETP	0.0%	0,6 ETP	-25.0%	0,8 ETP	0.0%	0,8 ETP	+60.0%	0,5 ETP	-37.5%	0,8 ETP	-11.1%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 16 ended

Active mandates

Pascal ERPICUM

Director · since 27 mars 2025 · until 21 décembre 2029

Active

Frédéric LOVERIUS

Director · since 01 mai 2021 · until 21 décembre 2029

Active

Yves BESSEMANS

Managing director · since 29 décembre 2009 · until 21 décembre 2029

Active

Ended mandates

Frédéric LORERIUS

Director · since 01 mai 2021 · until 09 novembre 2027

Ended

FIDUCIAIRE BONFOND GERMAIN

Director · since 04 juillet 2017 · 0632.696.851

Represented by Frédéric Loverius

Ended

FIDUCIAIRE BONFOND GERMAIN

Director · since 04 juillet 2017 · until 30 avril 2021 · 0632.696.851

Represented by Frédéric LOVERIUS

Ended

Didier Camal

Managing director · since 29 décembre 2009 · until 07 novembre 2016

Ended

At this address

Other companies at this address

Company	CBE no.
COPILOT● Active	0438.107.824
COPILOT GROUPE UT● Active	1027.803.288
COPILOT PATRIMOINE● Active	0818.046.035
Société du Quai● Active	0466.453.994

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	30/01/2025	29/01/2024	24/01/2023	31/01/2022	30/01/2021
General meeting	09/12/2025	03/12/2024	20/12/2023	23/01/2023	28/01/2022	28/01/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	09/12/2025	30/01/2026	French	PDF
Abridged model	30/06/2024	03/12/2024	30/01/2025	French	PDF
Abridged model	30/06/2023	20/12/2023	29/01/2024	French	PDF
Abridged model	30/06/2022	23/01/2023	24/01/2023	French	PDF
Abridged model	30/06/2021	28/01/2022	31/01/2022	French	PDF
Abridged model	30/06/2020	28/01/2021	30/01/2021	French	PDF
Abridged model	30/06/2019	14/01/2020	29/01/2020	French	PDF
Abridged model	30/06/2018	11/01/2019	15/01/2019	French	PDF
Abridged model	30/06/2017	15/01/2018	31/01/2018	French	PDF
Abridged model	30/06/2016	12/01/2017	13/01/2017	French	PDF
Abridged model	30/06/2015	28/12/2015	26/01/2016	French	PDF
Abridged model	30/06/2014	12/11/2014	27/01/2015	French	PDF
Abridged model	30/06/2013	12/02/2014	28/02/2014	French	PDF
Abridged model	30/06/2012	07/02/2013	15/03/2013	French	PDF
Abridged model	30/06/2011	10/02/2012	31/07/2012	French	PDF
Abridged model	30/09/2009	15/04/2010	04/11/2010	French	PDF
Abridged model	30/09/2008	14/04/2009	11/05/2009	French	PDF
Abridged model	30/09/2007	17/03/2008	25/04/2008	French	PDF
Abridged model	30/09/2006	10/04/2007	27/03/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/06/2025 · 3 active · 16 ended

Active mandates

Pascal ERPICUM

Director · since 27 mars 2025 · until 21 décembre 2029

Active

Frédéric LOVERIUS

Director · since 01 mai 2021 · until 21 décembre 2029

Active

Yves BESSEMANS

Managing director · since 29 décembre 2009 · until 21 décembre 2029

Active

Ended mandates

Frédéric LORERIUS

Director · since 01 mai 2021 · until 09 novembre 2027

Ended

FIDUCIAIRE BONFOND GERMAIN

Director · since 04 juillet 2017 · 0632.696.851

Represented by Frédéric Loverius

Ended

FIDUCIAIRE BONFOND GERMAIN

Director · since 04 juillet 2017 · until 30 avril 2021 · 0632.696.851

Represented by Frédéric LOVERIUS

Ended

Didier Camal

Managing director · since 29 décembre 2009 · until 07 novembre 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares16/09/2025
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates10/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates27/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates09/02/2017
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 202587 k €↑
2024
Annual accounts 202435 k €↑
2023
Annual accounts 202316,9 k €↑
2022
Annual accounts 2022-17,9 k €↑
2021
Annual accounts 2021-26,5 k €↓
2020
Annual accounts 2020-23,5 k €↓
2019
Annual accounts 2019-18,3 k €↓
2018
Annual accounts 2018189,7 €↑
2017
Annual accounts 2017-17,1 k €↓
2016
Annual accounts 2016-1,1 k €↓
2015
Annual accounts 20151,1 k €↑
2014
Annual accounts 2014-24,2 k €↓
2013
Annual accounts 201310,1 k €↑
2012
Annual accounts 20125,6 k €↓
2011
Annual accounts 201116,6 k €↑
2009
Annual accounts 20092,5 k €↑
2008
Annual accounts 20081,2 k €↓
2007
Annual accounts 200720,9 k €↑
2006
Annual accounts 20061,7 k €
17/09/2001
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

COPILOT MANAGEMENT

Overview

What does COPILOT MANAGEMENT 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