NORMAL SITUATION

CIPERS

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Financial year 2024 · closed on 31/12/2024

Net result

3,6 k €

-94.5% YoY

Gross margin

26,7 k €

-75.8% YoY

Equity

252,7 k €

+1.4% YoY

Company — Normal situation.

What does CIPERS do?

CIPERS is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.108.644

Legal form

Private limited company

Contributed capital

19 800,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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
Gross margin	26,7 k €	-75.8%	110,6 k €	+62.8%	67,9 k €	-22.3%	87,5 k €	+66.9%	52,4 k €	-9.1%	57,6 k €	-39.3%	95 k €	+32.8%	71,5 k €	-30.5%	102,8 k €	+156%	40,2 k €	-53.4%	86,3 k €	+15.0%	75,1 k €	+94.1%	38,7 k €	-66.1%	114 k €	+76.1%	64,7 k €	-27.5%	89,3 k €	+1.5%	88 k €	+80.8%	48,7 k €	-31.2%	70,7 k €
EBITDA	23,7 k €	-77.9%	107,6 k €	+64.7%	65,3 k €	-23.1%	84,9 k €	+78.2%	47,6 k €	-12.8%	54,7 k €	-40.9%	92,5 k €	+34.9%	68,6 k €	-31.6%	100,2 k €	+166%	37,7 k €	-54.9%	83,5 k €	+16.6%	71,6 k €	+104%	35,1 k €	-68.4%	111,1 k €	+81.9%	61,1 k €	-26.2%	82,9 k €	-2.0%	84,5 k €	+83.2%	46,1 k €	-32.2%	68,1 k €
Operating result	6,6 k €	-92.7%	90,2 k €	+91.6%	47,1 k €	-24.9%	62,6 k €	+151%	25 k €	+25.9%	19,8 k €	-68.2%	62,4 k €	+93.2%	32,3 k €	-57.8%	76,7 k €	+459%	13,7 k €	-76.6%	58,7 k €	+38.1%	42,5 k €	+974%	4 k €	-94.8%	75,8 k €	+259%	21,1 k €	-45.4%	38,6 k €	+12.3%	34,4 k €	+143%	14,1 k €	-73.1%	52,5 k €
Net result	3,6 k €	-94.5%	64,7 k €	+111%	30,6 k €	-22.1%	39,3 k €	+194%	13,4 k €	+56.1%	8,6 k €	-78.0%	38,9 k €	+153%	15,4 k €	-64.3%	43,1 k €	+1843%	2,2 k €	-93.8%	35,9 k €	+55.5%	23,1 k €	+305%	-11,3 k €	-120%	55,5 k €	+97694%	56,7 €	-99.8%	30 k €	+78.0%	16,8 k €	+203%	5,6 k €	-85.2%	37,7 k €
Balance sheet
Equity	252,7 k €	+1.4%	249,1 k €	+16.2%	214,4 k €	+16.7%	183,8 k €	+27.2%	144,5 k €	-61.4%	374,5 k €	+2.3%	365,9 k €	+11.6%	327,8 k €	+4.9%	312,4 k €	+15.3%	271 k €	+0.2%	270,5 k €	+14.5%	236,2 k €	+10.0%	214,8 k €	-5.0%	226,1 k €	+32.5%	170,6 k €	+0.0%	170,6 k €	+13.3%	150,6 k €	+8.5%	138,7 k €	+4.2%	133,2 k €
Total assets	280,5 k €	-26.1%	379,6 k €	+0.1%	379,2 k €	-9.0%	416,6 k €	+5.9%	393,3 k €	-30.0%	561,6 k €	-15.0%	660,5 k €	+19.2%	554 k €	+4.4%	530,5 k €	+5.5%	503 k €	-11.2%	566,2 k €	-3.4%	586,4 k €	+3.0%	569,1 k €	-11.5%	642,8 k €	+8.4%	592,7 k €	-5.7%	628,8 k €	-4.3%	657 k €	+73.1%	379,6 k €	+80.1%	210,8 k €
Cash	17,7 k €	-75.5%	72,5 k €	+63.0%	44,5 k €	-40.8%	75,2 k €	+129%	32,9 k €	+469%	5,8 k €	-55.7%	13 k €	+165%	4,9 k €	-39.7%	8,1 k €	+64.7%	4,9 k €	+336%	1,1 k €	+141%	470,2 €	-94.2%	8,1 k €	-5.3%	8,6 k €	-88.1%	72,1 k €	-15.9%	85,7 k €	+9.3%	78,4 k €	-14.0%	91,2 k €	-12.0%	103,6 k €
Debts	17,4 k €	-85.6%	120,7 k €	-22.8%	156,4 k €	-31.2%	227,4 k €	-8.2%	247,8 k €	+35.4%	183 k €	-22.1%	235,1 k €	+5.9%	221,9 k €	+2.7%	216,1 k €	-6.6%	231,4 k €	-19.3%	286,7 k €	-10.7%	321,1 k €	-8.9%	352,6 k €	-15.2%	415,9 k €	-1.1%	420,6 k €	-7.7%	455,6 k €	-7.3%	491,5 k €	+126%	217,7 k €	+584%	31,8 k €

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 4 ended

Active mandates

Benoit Matthys

Director · since 17 mars 2020

Active

Katrien Even

Director · since 17 mars 2020

Active

Laurenz Van Daele

Director · since 17 mars 2020

Active

Ended mandates

Luc Cipers

Director · since 19 juillet 2002 · until 17 mars 2020

Ended

Luc Cipers

Director · since 19 juillet 2002

Ended

Luc Cipers

Manager · since 19 juillet 2002

Ended

Luc Cipers

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	28/04/2025	17/06/2024	10/07/2023	11/08/2022	30/08/2021	21/03/2020
General meeting	22/04/2025	15/06/2024	17/06/2023	20/06/2022	19/06/2021	22/02/2020
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	22/04/2025	28/04/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	17/06/2024	Dutch	PDF
Abridged model	31/12/2022	17/06/2023	10/07/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	11/08/2022	Dutch	PDF
Abridged model	31/12/2020	19/06/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	22/02/2020	21/03/2020	Dutch	PDF
Micro model	31/12/2018	15/06/2019	28/06/2019	Dutch	PDF
Micro model	31/12/2017	16/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	23/07/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	31/07/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	14/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	09/07/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	07/07/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	20/06/2007	Dutch	PDF
Abridged model	31/12/2005	17/06/2006	23/06/2006	Dutch	PDF
Abridged model	31/12/2004	18/06/2005	04/07/2005	Dutch	PDF
Abridged model	31/12/2003	19/06/2004	30/06/2004	Dutch	PDF

Estimate

Indicative valuation

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 · 3 active · 4 ended

Active mandates

Benoit Matthys

Director · since 17 mars 2020

Active

Katrien Even

Director · since 17 mars 2020

Active

Laurenz Van Daele

Director · since 17 mars 2020

Active

Ended mandates

Luc Cipers

Director · since 19 juillet 2002 · until 17 mars 2020

Ended

Luc Cipers

Director · since 19 juillet 2002

Ended

Luc Cipers

Manager · since 19 juillet 2002

Ended

Luc Cipers

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring19/01/2026
geruisloze fusie
PDF
Restructuring27/10/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 20243,6 k €↓
2023
Annual accounts 202364,7 k €↑
2022
Annual accounts 202230,6 k €↓
2021
Annual accounts 202139,3 k €↑
2020
Annual accounts 202013,4 k €↑
2019
Annual accounts 20198,6 k €↓
2018
Annual accounts 201838,9 k €↑
2017
Annual accounts 201715,4 k €↓
2016
Annual accounts 201643,1 k €↑
2015
Annual accounts 20152,2 k €↓
2014
Annual accounts 201435,9 k €↑
2013
Annual accounts 201323,1 k €↑
2012
Annual accounts 2012-11,3 k €↓
2011
Annual accounts 201155,5 k €↑
2010
Annual accounts 201056,7 €↓
2009
Annual accounts 200930 k €↑
2008
Annual accounts 200816,8 k €↑
2007
Annual accounts 20075,6 k €↓
2006
Annual accounts 200637,7 k €

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

CIPERS

Overview

What does CIPERS do?

Trend over 19 financial years

Board of directors

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