ACTIVE

MIPICA

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Financial year 2025 · closed on 30/06/2025

Net result

106,3 k €

-16.4% YoY

Gross margin

171,5 k €

-15.0% YoY

Equity

935,6 k €

+5.1% YoY

What does MIPICA do?

MIPICA is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Malmedy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0897.093.018

Incorporation

09/04/2008

Legal form

Private limited company

Registered office

Arimont-Route de Hottleux 11A
4960 Malmedy · WallonieSee on map

Contributed capital

8 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 70210Public relations and communication activities 73300Advertising and market research 74999Other professional, scientific and technical activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	171,5 k €	-15.0%	201,8 k €	-7.4%	217,9 k €	+14.1%	191 k €	+2.4%	186,6 k €	+13.7%	164,2 k €	-15.8%	195 k €	+23.3%	158,2 k €	+9.6%	144,3 k €	+11.4%	129,5 k €	+10.4%	117,3 k €	+1.0%	116,1 k €	-0.4%	116,6 k €	+1.1%	115,3 k €	+11.9%	103 k €	-0.7%	103,7 k €	-24.2%	136,9 k €
EBITDA	168,5 k €	-15.4%	199,3 k €	-7.7%	215,9 k €	+14.4%	188,7 k €	+2.2%	184,7 k €	+13.7%	162,4 k €	-15.9%	193,1 k €	+23.5%	156,4 k €	+9.6%	142,7 k €	+12.6%	126,7 k €	+9.2%	116 k €	+0.6%	115,4 k €	-0.4%	115,8 k €	+1.1%	114,5 k €	+12.1%	102,2 k €	-1.1%	103,3 k €	-22.9%	134 k €
Operating result	152,2 k €	-16.9%	183,3 k €	-12.2%	208,7 k €	+15.3%	181 k €	+2.6%	176,4 k €	+20.3%	146,6 k €	-17.0%	176,7 k €	+26.9%	139,2 k €	+11.5%	124,9 k €	+19.5%	104,6 k €	+4.8%	99,8 k €	+1.5%	98,4 k €	+0.2%	98,2 k €	-10.8%	110,1 k €	+12.6%	97,8 k €	+2.6%	95,3 k €	-27.5%	131,4 k €
Net result	106,3 k €	-16.4%	127,1 k €	-2.6%	130,5 k €	+7.4%	121,5 k €	-2.4%	124,6 k €	+20.7%	103,2 k €	-13.7%	119,5 k €	+42.2%	84 k €	+8.5%	77,5 k €	+39.5%	55,5 k €	-26.9%	75,9 k €	+34.1%	56,6 k €	+19.6%	47,3 k €	-48.4%	91,8 k €	+28.8%	71,3 k €	-11.1%	80,1 k €	-10.9%	90 k €
Balance sheet
Equity	935,6 k €	+5.1%	890 k €	+1.4%	877,9 k €	+17.5%	747,5 k €	+1.6%	735,6 k €	+14.4%	643,1 k €	+19.1%	539,9 k €	+6.4%	507,5 k €	+19.8%	423,4 k €	+22.4%	346 k €	+14.4%	302,5 k €	+22.7%	246,5 k €	+3.0%	239,3 k €	+24.7%	191,9 k €	+91.7%	100,1 k €	-43.2%	176,3 k €	+83.3%	96,2 k €
Total assets	1,1 M €	+3.0%	1,1 M €	+0.5%	1,1 M €	+12.4%	979,5 k €	+1.4%	966,3 k €	+10.7%	872,7 k €	+12.4%	776,2 k €	+3.3%	751,6 k €	+13.9%	659,7 k €	+4.4%	632,2 k €	+20.4%	525,1 k €	+10.5%	475,1 k €	+8.4%	438,5 k €	+44.5%	303,5 k €	+25.6%	241,6 k €	-9.8%	268 k €	+86.3%	143,8 k €
Cash	24 k €	+81.0%	13,2 k €	-5.0%	13,9 k €	-91.9%	172,6 k €	+358%	37,7 k €	+112%	17,8 k €	+0.3%	17,7 k €	-12.7%	20,3 k €	+111%	9,6 k €	-77.1%	41,9 k €	+500%	7 k €	+74.4%	4 k €	-66.0%	11,8 k €	+6393%	181,5 €	-96.0%	4,6 k €	+1004%	413,1 €	-81.1%	2,2 k €
Debts	194,9 k €	-5.8%	206,9 k €	-4.2%	215,9 k €	-4.2%	225,3 k €	+0.4%	224,5 k €	+1.1%	222,1 k €	-3.0%	229 k €	-2.2%	234,1 k €	+1.8%	230 k €	-18.3%	281,6 k €	+29.9%	216,7 k €	-3.5%	224,7 k €	+15.4%	194,8 k €	+74.7%	111,5 k €	-21.1%	141,3 k €	+54.4%	91,5 k €	+92.1%	47,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Philippe WARLAND

Director · since 01 avril 2008

Active

Ended mandates

Philippe WARLAND

Manager · since 01 avril 2008

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	13/02/2026	10/02/2025	26/01/2024	30/01/2023	28/01/2022	19/01/2021
General meeting	26/12/2025	27/12/2024	29/12/2023	30/12/2022	31/12/2021	26/12/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	26/12/2025	13/02/2026	French	PDF
Micro model	30/06/2024	27/12/2024	10/02/2025	French	PDF
Micro model	30/06/2023	29/12/2023	26/01/2024	French	PDF
Micro model	30/06/2022	30/12/2022	30/01/2023	French	PDF
Micro model	30/06/2021	31/12/2021	28/01/2022	French	PDF
Micro model	30/06/2020	26/12/2020	19/01/2021	French	PDF
Micro model	30/06/2019	27/12/2019	31/01/2020	French	PDF
Micro model	30/06/2018	28/12/2018	31/01/2019	French	PDF
Micro model	30/06/2017	29/12/2017	28/02/2018	French	PDF
Abridged model	30/06/2016	31/12/2016	25/01/2017	French	PDF
Abridged model	30/06/2015	31/12/2015	12/02/2016	French	PDF
Abridged model	30/06/2014	30/12/2014	20/02/2015	French	PDF
Abridged model	30/06/2013	27/12/2013	06/02/2014	French	PDF
Abridged model	30/06/2012	28/12/2012	01/02/2013	French	PDF
Abridged model	30/06/2011	14/12/2011	10/02/2012	French	PDF
Abridged model	30/06/2010	31/12/2010	04/01/2011	French	PDF
Abridged model	30/06/2009	25/12/2009	16/02/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 1 active · 1 ended

Active mandates

Philippe WARLAND

Director · since 01 avril 2008

Active

Ended mandates

Philippe WARLAND

Manager · since 01 avril 2008

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/09/2018
CAPITAL, ACTIONS
PDF
Capital / shares14/07/2014
CAPITAL, ACTIONS
PDF
Registered office29/11/2010
SIEGE SOCIAL
PDF
Other22/04/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025106,3 k €↓
2024
Annual accounts 2024127,1 k €↓
2023
Annual accounts 2023130,5 k €↑
2022
Annual accounts 2022121,5 k €↓
2021
Annual accounts 2021124,6 k €↑
2020
Annual accounts 2020103,2 k €↓
2019
Annual accounts 2019119,5 k €↑
2018
Annual accounts 201884 k €↑
2017
Annual accounts 201777,5 k €↑
2016
Annual accounts 201655,5 k €↓
2015
Annual accounts 201575,9 k €↑
2014
Annual accounts 201456,6 k €↑
2013
Annual accounts 201347,3 k €↓
2012
Annual accounts 201291,8 k €↑
2011
Annual accounts 201171,3 k €↓
2010
Annual accounts 201080,1 k €↓
2009
Annual accounts 200990 k €
09/04/2008
IncorporationPrivate 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

MIPICA

Overview

What does MIPICA do?

Trend over 17 financial years

Indicative valuation

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