CIPIC
Annual accounts 2025
micro format, filed on 09-06-2026, 52 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €133,654 on 31-12-2025in euro
in euro
Position in the sector
99.5%
Higher than 95% of 1,228 companies in 2025.
-
Higher than 95% of 1,171 companies in 2024.
-10.4%
Higher than 15% of 1,199 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
133,654 | 148,716 | 184,788 | 242,649 | 208,589 | 203,563 | 234,963 | 237,437 | 242,020 | 251,543 | 244,704 | 237,210 | 255,881 | 334,499 | 311,732 | 298,381 | 324,293 | 281,651 | 219,967 | 212,107 | |
21/28 |
12,699 | 17,446 | 22,193 | 18,899 | 8,817 | 9,271 | 13,178 | 17,492 | 22,079 | 25,800 | 10,008 | 11,464 | 15,096 | 20,549 | 25,978 | 31,121 | 14,661 | 8,379 | 8,519 | 714 | |
21 |
- | - | - | - | - | - | - | 300 | 600 | 900 | 1,200 | 1,500 | 1,800 | 2,100 | 2,400 | 2,700 | - | - | - | - | |
22/27 |
12,699 | 17,446 | 22,193 | 18,899 | 8,817 | 9,271 | 13,178 | 17,192 | 21,479 | 24,900 | 8,808 | 9,964 | 13,296 | 18,449 | 23,578 | 28,421 | 14,661 | 8,379 | 8,519 | 714 | |
23 |
- | - | - | 15 | 160 | 305 | - | - | - | - | 281 | 562 | 843 | 1,124 | - | - | 140 | 279 | 419 | 558 | |
24 |
12,613 | 17,273 | 21,933 | 18,538 | 8,225 | 8,447 | 8,372 | 8,100 | 8,100 | 8,100 | 8,527 | 9,402 | 12,453 | 15,881 | 20,690 | 24,089 | 8,746 | 8,100 | 8,100 | 156 | |
26 |
87 | 173 | 260 | 346 | 433 | 519 | 606 | 692 | 779 | - | - | - | - | 1,444 | 2,888 | 4,332 | 5,776 | - | - | - | |
29/58 |
120,954 | 131,270 | 162,595 | 223,750 | 199,771 | 194,291 | 221,785 | 219,945 | 219,941 | 225,743 | 234,696 | 225,746 | 240,785 | 313,950 | 285,755 | 267,259 | 309,632 | 273,272 | 211,448 | 211,393 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,418 | 24,517 | 39,683 | - | - | - | |
290 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,418 | 24,517 | 39,683 | - | - | - | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,557 | 24,557 | - | - | - | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,557 | 24,557 | - | - | - | - | |
40/41 |
35,132 | 57,100 | 60,183 | 99,857 | 197,512 | 192,054 | 200,779 | 205,826 | 204,713 | 211,081 | 189,255 | 213,915 | 102,666 | 117,501 | 157,735 | 87,443 | 180,534 | 236,628 | 119,467 | 81,901 | |
40 |
3,194 | 13,092 | 29,069 | 76,243 | 26,093 | 1,945 | 1,410 | 1,915 | 4,378 | - | 41 | 3,145 | 48,419 | 68,043 | 113,060 | 44,030 | 135,046 | 179,499 | 115,872 | 81,860 | |
41 |
31,938 | 44,008 | 31,114 | 23,614 | 171,419 | 190,109 | 199,369 | 203,911 | 200,335 | 211,081 | 189,215 | 210,770 | 54,247 | 49,458 | 44,675 | 43,413 | 45,488 | 57,129 | 3,595 | 41 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,614 | 24,614 | |
54/58 |
85,822 | 74,170 | 100,887 | 123,090 | 1,470 | 62 | 20,148 | 12,707 | 14,273 | 13,418 | 29,482 | 10,961 | - | 22,968 | 4,133 | 98,459 | 84,178 | 36,153 | 51,835 | 100,543 | |
490/1 |
- | - | 1,525 | 803 | 789 | 2,176 | 858 | 1,412 | 955 | 1,244 | 15,958 | 870 | 138,119 | 173,480 | 90,913 | 32,283 | 5,236 | 492 | 15,533 | 4,335 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
133,654 | 148,716 | 184,788 | 242,649 | 208,589 | 203,563 | 234,963 | 237,437 | 242,020 | 251,543 | 244,704 | 237,210 | 255,881 | 334,499 | 311,732 | 298,381 | 324,293 | 281,651 | 219,967 | 212,107 | |
10/15 |
132,947 | 146,902 | 178,807 | 196,465 | 169,274 | 199,129 | 226,370 | 226,498 | 224,761 | 222,334 | 225,807 | 224,501 | 194,426 | 277,171 | 276,742 | 263,152 | 256,137 | 212,903 | 180,791 | 154,166 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
287,499 | 287,499 | 287,499 | 287,499 | 260,308 | 260,308 | 260,308 | 260,308 | 258,571 | 258,571 | 258,571 | 258,571 | 258,570 | 258,571 | 258,142 | 244,552 | 237,537 | 194,303 | 162,191 | 135,566 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,750 | 18,750 | 18,750 | |
133 |
285,639 | 285,639 | 285,639 | 285,639 | 258,448 | 258,448 | 258,448 | 258,448 | 256,711 | 256,711 | 256,711 | 256,711 | 256,710 | 256,711 | 256,282 | 242,692 | 235,677 | 173,693 | 141,581 | 114,956 | |
14 |
-173,153 | -159,198 | -127,292 | -109,634 | -109,634 | -79,779 | -52,538 | -52,410 | -52,410 | -54,837 | -51,364 | -52,669 | -82,744 | - | - | - | - | - | - | - | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | |
17/49 |
707 | 1,814 | 5,981 | 46,184 | 39,315 | 4,434 | 8,592 | 10,939 | 17,259 | 29,209 | 18,897 | 12,709 | 61,455 | 57,328 | 34,991 | 35,229 | 68,156 | 68,748 | 39,176 | 37,941 | |
17 |
- | - | - | - | - | - | - | 2,566 | 7,692 | 12,744 | - | - | - | - | - | - | - | - | - | - | |
170/4 |
- | - | - | - | - | - | - | 2,566 | 7,692 | 12,744 | - | - | - | - | - | - | - | - | - | - | |
42/48 |
707 | 1,814 | 5,981 | 45,457 | 38,805 | 3,587 | 7,973 | 7,102 | 8,828 | 15,790 | 18,409 | 11,786 | 59,985 | 52,878 | 30,901 | 28,369 | 66,858 | 67,178 | 37,126 | 37,200 | |
42 |
- | - | - | - | - | - | 2,566 | 5,126 | 5,052 | 4,978 | - | - | - | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 15,200 | 3,333 | 3,333 | 3,333 | 7,143 | 6,667 | 6,667 | 6,667 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 11,867 | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,333 | 3,333 | 3,333 | 3,333 | 7,143 | 6,667 | 6,667 | 6,667 | |
44 |
- | 769 | - | 143 | 5,989 | 2,276 | 1,631 | 632 | - | 641 | 391 | 677 | 5,292 | 1,047 | 259 | 7,273 | 41,664 | 42,129 | 5,081 | 2,713 | |
440/4 |
- | 769 | - | 143 | 5,989 | 2,276 | 1,631 | 632 | - | 641 | 391 | 677 | 5,292 | 1,047 | 259 | 7,273 | 41,664 | 42,129 | 5,081 | 2,713 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 29,601 | - | - | - | - | - | - | |
45 |
707 | 1,045 | 5,981 | 9,912 | 21,154 | 1,312 | 3,776 | 1,343 | 2,580 | 8,586 | 52 | 1,560 | 25,136 | 15,764 | 15,005 | 17,763 | 18,051 | 18,382 | 18,209 | 22,336 | |
450/3 |
707 | 1,045 | 5,981 | 9,912 | 2,154 | 1,312 | 3,776 | 1,343 | 2,580 | 8,586 | 52 | 1,560 | 7,467 | 2,092 | 3,036 | 6,081 | 5,541 | 3,664 | 9,348 | 17,680 | |
454/9 |
- | - | - | 0 | 19,000 | - | - | - | - | - | - | - | 17,669 | 13,673 | 11,968 | 11,681 | 12,509 | 14,718 | 8,861 | 4,656 | |
47/48 |
- | - | - | 35,402 | 11,661 | - | - | - | 1,196 | 1,585 | 17,966 | 9,548 | 14,357 | 3,132 | 12,304 | - | - | - | 7,170 | 5,484 | |
492/3 |
- | - | - | 726 | 510 | 847 | 620 | 1,272 | 739 | 676 | 488 | 923 | 1,470 | 4,450 | 4,090 | 6,859 | 1,298 | 1,570 | 2,050 | 741 | |
| Income statement | |||||||||||||||||||||
9900 |
-7,907 | -20,016 | -13,152 | 32,710 | -28,146 | -21,910 | 5,551 | 8,860 | 9,362 | 3,744 | 3,465 | 84,027 | 8,254 | 89,746 | 104,482 | 105,452 | 142,825 | 112,712 | 104,682 | 132,614 | |
62 |
- | 5,940 | - | - | - | - | - | - | - | - | - | 48,275 | 81,358 | 79,864 | 76,210 | 87,187 | 73,943 | 68,451 | 64,817 | 21,271 | |
630 |
4,747 | 4,747 | 3,487 | 1,918 | 454 | 4,601 | 4,723 | 4,587 | 4,587 | 5,208 | 1,457 | 4,912 | 6,196 | 6,833 | 6,720 | 6,468 | 1,829 | 140 | 295 | 407 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 774 | - | - | - | - | - | - | - | |
640/8 |
527 | 449 | 600 | 1,057 | 1,168 | 1,781 | 1,804 | 2,035 | 1,995 | 1,916 | 747 | 1,282 | 1,589 | 4,304 | 7,351 | 4,499 | 1,162 | 1,022 | 1,219 | 1,333 | |
9901 |
-13,181 | -31,152 | -17,240 | 29,735 | -29,767 | -28,292 | -976 | 2,238 | 2,781 | -3,380 | 1,261 | 29,558 | -81,663 | -1,256 | 14,201 | 7,298 | 65,892 | 43,100 | 38,351 | 109,603 | |
75/76B |
- | - | - | 619 | 38 | 1,399 | 1,251 | 271 | 420 | 149 | 376 | 1,079 | 70 | 2,992 | 4,126 | 2,754 | 7,589 | 2,522 | 1,375 | 961 | |
75 |
- | - | - | 619 | 38 | 1,399 | 1,251 | 271 | 420 | 149 | 376 | 1,079 | 70 | 2,992 | 4,126 | 2,754 | 7,589 | 2,522 | 1,375 | 961 | |
65/66B |
67 | 65 | 61 | 64 | 126 | 104 | 149 | 209 | 432 | 242 | 279 | 508 | 1,098 | 1,251 | 1,008 | 1,046 | 969 | 1,538 | 3,213 | 2,254 | |
65 |
67 | 65 | 61 | 64 | 126 | 104 | 149 | 209 | 432 | 242 | 279 | 508 | 1,098 | 1,251 | 1,008 | 1,046 | 969 | 1,538 | 3,213 | 2,254 | |
9903 |
-13,248 | -31,218 | -17,301 | 30,290 | -29,855 | -26,996 | 126 | 2,300 | 2,768 | -3,473 | 1,358 | 30,128 | -82,691 | 486 | 17,319 | 9,006 | 72,512 | 44,084 | 36,513 | 108,310 | |
67/77 |
707 | 688 | 357 | 3,099 | 0 | 245 | 253 | 563 | 341 | - | 53 | 53 | 53 | 57 | 3,730 | 1,991 | 29,278 | 11,972 | 9,888 | 33,979 | |
9904 |
-13,955 | -31,906 | -17,658 | 27,191 | -29,855 | -27,241 | -127 | 1,737 | 2,427 | -3,473 | 1,305 | 30,075 | -82,744 | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
9905 |
-13,955 | -31,906 | -17,658 | 27,191 | -29,855 | -27,241 | -127 | 1,737 | 2,427 | -3,473 | 1,305 | 30,075 | -82,744 | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-173,153 | -159,198 | -127,292 | -82,443 | -109,634 | -79,779 | -52,538 | -50,673 | -52,410 | -54,837 | -51,364 | -52,669 | -82,744 | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
14P |
-159,198 | -127,292 | -109,634 | -109,634 | -79,779 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 27,191 | - | - | - | 1,737 | - | - | - | - | - | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
6921 |
- | - | - | 27,191 | - | - | - | 1,737 | - | - | - | - | - | 429 | 13,590 | 7,015 | 43,234 | 32,112 | 26,625 | 74,331 | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | 0.8 | 1 | 1 | 1.1 | 1.6 | 1 | 1 | 1 | 0.3 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | 1,282 | 1,734 | 1,662 | 1,750 | 2,648 | 1,752 | 1,742 | 1,774 | 594 | |
| Document | |||||||||||||||||||||
The accounts for financial year 2005 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-06-2026 | 2026-00146861 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00216820 | |
| 31-12-2023 | micro format | 04-09-2024 | 2024-00446434 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00271772 | |
| 31-12-2021 | micro format | 30-07-2022 | 2022-20266129 | |
| 31-12-2020 | abbreviated format | 15-06-2021 | 2021-19700088 | |
| 31-12-2019 | micro format | 26-08-2020 | 2020-44400232 | |
| 31-12-2018 | abbreviated format | 14-08-2019 | 2019-46000222 | |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-34400242 | |
| 31-12-2016 | abbreviated format | 06-07-2017 | 2017-27300326 | |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-36700321 | |
| 31-12-2014 | abbreviated format | 27-08-2015 | 2015-47600324 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-48300410 | |
| 31-12-2012 | abbreviated format | 27-08-2013 | 2013-46200600 | |
| 31-12-2011 | abbreviated format | 18-07-2012 | 2012-30300465 | |
| 31-12-2010 | abbreviated format | 25-08-2011 | 2011-43100312 | |
| 31-12-2009 | abbreviated format | 26-08-2010 | 2010-44400474 | |
| 31-12-2008 | abbreviated format | 18-06-2009 | 2009-24200163 | |
| 31-12-2007 | abbreviated format | 04-06-2008 | 2008-18000396 | |
| 31-12-2006 | abbreviated format | 08-06-2007 | 2007-19600287 | |
| 31-12-2005 | abbreviated format | 13-06-2006 | 2006-22703787 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -8,434 | -26,406 | -13,753 | 31,653 | -29,313 | -23,691 | 3,747 | 6,825 | 7,367 | 1,828 | 2,718 | 34,469 | -75,467 | 5,578 | 20,921 | 13,766 | 67,721 | 43,240 | 38,646 | 110,010 | ||
| -9,208 | -27,159 | -14,171 | 29,109 | -29,401 | -22,641 | 4,595 | 6,324 | 7,013 | 1,735 | 2,762 | 34,987 | -76,548 | 7,262 | 20,310 | 13,483 | 45,063 | 32,252 | 26,920 | 74,738 | ||
| 0 | 0 | 6,780 | 12,000 | 0 | 694 | 408 | 0 | 865 | 21,000 | 0 | 1,280 | 743 | 1,405 | 1,576 | 22,929 | 8,111 | 0 | 8,100 | 698 | ||
| 11,653 | -26,717 | -22,203 | 121,619 | 1,408 | -20,086 | 7,440 | -1,566 | 855 | -16,064 | 18,522 | - | - | 18,836 | -94,326 | 14,281 | 48,026 | -15,682 | -48,708 | - | ||
| 120,247 | 129,456 | 156,615 | 178,292 | 160,967 | 190,704 | 213,812 | 212,843 | 211,113 | 209,954 | 216,287 | 213,960 | 180,800 | 261,071 | 254,854 | 238,890 | 242,774 | 206,094 | 174,322 | 174,193 | ||
| 99.5% | 98.8% | 96.8% | 81.0% | 81.2% | 97.8% | 96.3% | 95.4% | 92.9% | 88.4% | 92.3% | 94.6% | 76.0% | 82.9% | 88.8% | 88.2% | 79.0% | 75.6% | 82.2% | 72.7% | ||
| - | 72.36 | 27.19 | 4.92 | 5.15 | 54.16 | 27.82 | 30.97 | 24.92 | 14.30 | 12.75 | 19.15 | 4.01 | 5.94 | 9.25 | 9.42 | 4.63 | 4.07 | 5.70 | 5.68 | ||
| - | 72.36 | 27.19 | 4.92 | 5.15 | 54.16 | 27.82 | 30.97 | 24.92 | 14.30 | 12.75 | 19.15 | 4.01 | 5.94 | 8.45 | 8.56 | 4.63 | 4.07 | 5.70 | 5.68 | ||
| 0.01 | 0.01 | 0.03 | 0.24 | 0.23 | 0.02 | 0.04 | 0.05 | 0.08 | 0.13 | 0.08 | 0.06 | 0.32 | 0.21 | 0.13 | 0.13 | 0.27 | 0.32 | 0.22 | 0.25 | ||
| -10.5% | -21.7% | -9.9% | 13.8% | -17.6% | -13.7% | -0.1% | 0.8% | 1.1% | -1.6% | 0.6% | 13.4% | -42.6% | 0.2% | 4.9% | 2.7% | 16.9% | 15.1% | 14.7% | 48.2% | ||
| -10.4% | -21.5% | -9.6% | 11.2% | -14.3% | -13.4% | -0.1% | 0.7% | 1.0% | -1.4% | 0.5% | 12.7% | -32.3% | 0.1% | 4.4% | 2.4% | 13.3% | 11.4% | 12.1% | 35.0% | ||
| -126.39 | -403.76 | -225.49 | over 100 | -232.68 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €133,654, equity €132,947).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €6,780 | €12,000 | - |
| €4,747 | €4,747 | €3,487 | €1,918 | €454 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CIPIC
The operating result for 2025 is a loss of €13,181, smaller than the loss of €31,152 in 2024.
Debt's share of the balance-sheet total falls from 1.2% to 0.5%. Equity and debt are lower.