ACTIVE

CIPAS

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
303,8 k €
+656.4% YoY
Gross margin
555,2 k €
+130.4% YoY
Equity
554,8 k €
+121.1% YoY

What does CIPAS do?

CIPAS is a Private limited company incorporated in 2012. Its registered office is in Dessel.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0847.415.061
Incorporation
12/07/2012
Legal form
Private limited company
Registered office
Boeretangsedreef 98
2480 Dessel · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 100
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin555,2 k €241 k €254,3 k €161,5 k €130,1 k €123,8 k €179,6 k €182 k €136,3 k €105,7 k €113,2 k €87,5 k €68,8 k €
EBITDA540,5 k €134,6 k €137,2 k €103 k €101 k €94,7 k €128,4 k €153,1 k €126 k €105,6 k €113,1 k €87,3 k €68,7 k €
Operating result434,2 k €71,3 k €79,4 k €58,2 k €59,2 k €18,7 k €32,2 k €15,7 k €7,4 k €10,7 k €30,4 k €8 k €62,5 k €
Net result303,8 k €40,2 k €48,4 k €33,4 k €43,4 k €6,3 k €15,8 k €2,8 k €-8,4 k €5,7 k €16,7 k €224 €40,2 k €
Balance sheet
Equity554,8 k €250,9 k €210,8 k €162,4 k €129 k €85,6 k €79,3 k €63,5 k €60,6 k €69 k €63,3 k €46,6 k €46,4 k €
Total assets2,9 M €792,7 k €823,8 k €791,8 k €696,3 k €696,5 k €866,1 k €838,6 k €866,3 k €289,6 k €324,1 k €370,8 k €84,9 k €
Cash52 k €98,5 k €114,2 k €138,2 k €57,4 k €68,5 k €21,4 k €15,9 k €25,2 k €25,1 k €20,6 k €31,6 k €61,2 k €
Debts2,2 M €540 k €613,1 k €629,4 k €567,3 k €610,9 k €786,8 k €775,1 k €805,7 k €215,9 k €257,5 k €321,5 k €38,5 k €
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 31/12/2025 · 1 active · 3 ended

Active mandates

Pascal Faes

Director

Active

Ended mandates

CINDY ALEN

Manager · since 12 juillet 2012

Ended
PASCAL FAES

Manager · since 12 juillet 2012

Ended
Pascal Faes

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/08/202628/07/202529/08/202410/08/202311/08/202231/08/2021
General meeting06/06/202607/06/202501/06/202403/06/202304/06/202205/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202506/06/202626/08/2026DutchPDF
Micro model31/12/202407/06/202528/07/2025DutchPDF
Micro model31/12/202301/06/202429/08/2024DutchPDF
Micro model31/12/202203/06/202310/08/2023DutchPDF
Micro model31/12/202104/06/202211/08/2022DutchPDF
Micro model31/12/202005/06/202131/08/2021DutchPDF
Micro model31/12/201906/06/202021/09/2020DutchPDF
Micro model31/12/201801/06/201929/08/2019DutchPDF
Micro model31/12/201702/06/201829/08/2018DutchPDF
Abridged model31/12/201603/06/201730/06/2017DutchPDF
Abridged model31/12/201504/06/201624/06/2016DutchPDF
Abridged model31/12/201406/06/201522/06/2015DutchPDF
Abridged model31/12/201307/06/201410/07/2014DutchPDF
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 31/12/2025 · 1 active · 3 ended

Active mandates

Pascal Faes

Director

Active

Ended mandates

CINDY ALEN

Manager · since 12 juillet 2012

Ended
PASCAL FAES

Manager · since 12 juillet 2012

Ended
Pascal Faes

Manager

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office13/02/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other04/04/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office14/06/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other27/02/2014
    BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other25/07/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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

Timeline

  1. 2025
    Annual accounts 2025303,8 k €↑
  2. 2024
    Annual accounts 202440,2 k €↓
  3. 2023
    Annual accounts 202348,4 k €↑
  4. 2022
    Annual accounts 202233,4 k €↓
  5. 2021
    Annual accounts 202143,4 k €↑
  6. 2020
    Annual accounts 20206,3 k €↓
  7. 2019
    Annual accounts 201915,8 k €↑
  8. 2018
    Annual accounts 20182,8 k €↑
  9. 2017
    Annual accounts 2017-8,4 k €↓
  10. 2016
    Annual accounts 20165,7 k €↓
  11. 2015
    Annual accounts 201516,7 k €↑
  12. 2014
    Annual accounts 2014224 €↓
  13. 2013
    Annual accounts 201340,2 k €
  14. 12/07/2012
    IncorporationPrivate limited company