CIPAL

Active

Public limited companyfounded 199035 yrs activeCipalstraat 3, 2440 Geel, BelgiumKBO/BCE: BE 0442.802.030

Summary

CIPAL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62.69M and a net result of €101.45M. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability33▼-38

Solvency76▼-24

Growth52▲+17

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €100k at 30 days acceptable

Liquidity ample (current ratio 2.09 against 5.57 in 2024; short-term debt: 46.1% and cash: 0.3% of total assets), and 49% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

51%

Return on assets

82.5%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-04-2026, 115 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

115 d early

2024

17 d early

2023

26 d early

2022

1 d late

2021

19 d early

2020

22 d early

2019

7 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€1.00M▼ 68.0%

2024 · €3.13M

2020: €9.46M 2021: €4.67M 2022: €4.66M 2023: €4.93M 2024: €3.13M

2020 → 2025

EBIT margin

-532.5%▼ 539.2pp

2024 · 6.7%

2020: 8.2% 2021: 20.9% 2022: 0.9% 2023: 13.3% 2024: 6.7%

2020 → 2025

Net result

€101.45M▲ 42,276%

2024 · €239k

2020: €527k 2021: €620k 2022: €33k 2023: €546k 2024: €239k

2020 → 2025

Working capital

€61.60M▲ 736%

2024 · €7.37M

2020: €9.97M 2021: €10.01M 2022: €9.38M 2023: €9.16M 2024: €7.37M

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€4.67M-€4.66M▼ 0.3%€4.93M▲ 5.9%€3.13M▼ 36.4%€1.00M▼ 68.0%

Equity€19.92M-€18.95M▼ 4.9%€18.50M▼ 2.4%€17.74M▼ 4.1%€62.69M▲ 253%

Operating result€977k-€41k▼ 95.8%€655k▲ 1,512%€211k▼ 67.7%€-5.35M

Net result€620k-€33k▼ 94.7%€546k▲ 1,549%€239k▼ 56.1%€101.45M▲ 42,276%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €5.35M after €211k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €122.98M

96.2%

Fixed assets €4.66M ▼ 55.0%

Current assets €118.32M ▲ 1,218%

Equity and liabilities €122.98M

51.0%

46.2%

Equity €62.69M ▲ 253%

Provisions €3.53M

Debt €56.76M ▲ 3,422%

Debt's share of the balance-sheet total rises from 8.3% to 46.2%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-5.17M▼

2024 · €413k

Cash flow

€101.63M▲

2024 · €441k

Current ratio

2.09▼

2024 · 5.57

Debt to equity

0.91▲

2024 · 0.09

ROE

161.8%▲

2024 · 1.3%

ROA

82.5%▲

2024 · 1.2%

Interest coverage

-341.32▼

2024 · 36.07

Debt ≤ 1 year

€56.72M▲

2024 · €1.61M

Income taxes

€-39k▼

2024 · €83k

Staff costs

€62k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 81 lines

Balance sheet Code20242025

Assets

Total assets20/58€19.35M€122.98M▲

Fixed assets21/28€10.37M€4.66M▼

Tangible fixed assets22/27€1.82M€1.83M▲

Land and buildings22€339k€297k▼

Plant, machinery and equipment23€6k€4k▼

Furniture and vehicles24€17k€13k▼

Other tangible fixed assets26€924k€813k▼

Assets under construction and advance payments27€538k€701k▲

Financial fixed assets28€8.55M€2.83M▼

Companies linked by participating interests282/3€6.98M€1.25M▼

Participating interests282€6.98M€1.25M▼

Other financial fixed assets284/8€1.57M€1.59M▲

Shares284€1.41M€1.59M▲

Amounts receivable and cash guarantees285/8€160k-

Current assets29/58€8.98M€118.32M▲

Amounts receivable after more than one year29-€20.54M

Trade receivables290-€20.54M

Amounts receivable within one year40/41€427k€724k▲

Trade receivables40€371k€413k▲

Other amounts receivable41€57k€311k▲

Current investments50/53€3.76M€96.49M▲

Other investments51/53€3.76M€96.49M▲

Cash at bank and in hand54/58€4.78M€417k▼

Deferred charges and accrued income490/1€9k€157k▲

Equity and liabilities

Total equity and liabilities10/49€19.35M€122.98M▲

Equity10/15€17.74M€62.69M▲

Contributions10/11€15.00M€15.00M=

Capital10€15.00M€15.00M=

Issued capital100€15.00M€15.00M=

Reserves13€2.74M€47.69M▲

Non-distributable reserves130/1€306k€1.50M▲

Legal reserve130€306k€1.50M▲

Distributable reserves133€2.43M€46.19M▲

Provisions and deferred taxes16-€3.53M

Provisions for liabilities and charges160/5-€3.53M

Other liabilities and charges164/5-€3.53M

Amounts payable17/49€1.61M€56.76M▲

Amounts payable within one year42/48€1.61M€56.72M▲

Trade debts44€326k€181k▼

Suppliers440/4€326k€181k▼

Taxes, remuneration and social security45€239k€8k▼

Taxes450/3€239k-

Remuneration and social security454/9-€8k

Other amounts payable47/48€1.05M€56.53M▲

Accrued charges and deferred income492/3-€44k

Income statement Code20242025

Operating income70/76A€5.13M€1.76M▼

Turnover70€3.13M€1.00M▼

Other operating income74€2.00M€754k▼

Operating charges60/66A€4.92M€7.11M▲

Goods for resale, raw materials and consumables60€2.80M€2k▼

Purchases600/8€2.80M€2k▼

Services and other goods61€1.92M€3.28M▲

Remuneration, social security and pensions62-€62k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€201k€179k▼

Provisions for liabilities and charges: additions (uses and reversals)635/8-€3.53M

Other operating charges640/8€1k€46k▲

Operating profit (loss)9901€211k€-5.35M▼

Financial income75/76B€123k€106.77M▲

Recurring financial income75€123k€1.42M▲

Income from current assets751€123k€1.41M▲

Other financial income752/9-€3k

Non-recurring financial income76B-€105.36M

Financial charges65/66B€11k€15k▲

Recurring financial charges65€11k€15k▲

Other financial charges652/9€11k€15k▲

Profit (loss) for the period before taxes9903€323k€101.41M▲

Income taxes67/77€83k€-39k▼

Taxes670/3€83k€30▼

Tax adjustments and reversals of tax provisions77-€39k

Profit (loss) for the period9904€239k€101.45M▲

Transfer from tax-exempt reserves789€253k-

Profit (loss) for the period to be appropriated9905€492k€101.45M▲

Appropriation of the result

Profit (loss) to be appropriated9906€492k€101.45M▲

Transfer from equity791/2€520k€1.50M▲

From reserves792€520k€1.50M▲

Transfer to equity691/2€12k€46.45M▲

To the legal reserve6920€12k€1.19M▲

To other reserves6921-€45.26M

Profit to be distributed694/7€1.00M€56.50M▲

Return on contributions (dividend)694€1.00M€56.50M▲

Social balance

Average headcount (FTE)9087-0.3

The notes to these accounts (56 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 49Financial 4Gazette 35Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-09

State Gazette act Appointments: SAUWENS Johan (chair of the board) and VANCRAYENEST Lauwrence (bestuurder van de raad van bestuur)

3 facts ▸

Board meeting, 20-06-2025
Director appointment, SAUWENS Johan (chair of the board)
Director appointment, VANCRAYENEST Lauwrence (bestuurder (ondervoorzitter) van de raad van bestuur)

07-04

NBB filing Annual accounts filed

fiscal year 2025 · full schema

13-03

State Gazette act Appointment: Maarten Bonnen (director)

4 facts ▸

General meeting, 18-12-2025
Director appointment, Maarten Bonnen (director)
Board meeting, 18-12-2025
Director appointment, Maarten Bonnen (afgevaardigd bestuurder)

2025

31-12

Financial Highest result since 2020net €101.45M ▲42,276%

Net result €101.45M, the highest in the series.

31-12

Financial Equity above €50MEq €62.69M ▲253%

6 profitable years in a row build equity to €62.69M.

21-10

State Gazette act Resignations: Ludo Helsen, Nico Cras and 7 others

Appointments: Johan Sauwens, Paul Verbeeck and 2 others · Permanent representative: Ludo Kelchtermans16 facts ▸

General meeting, 20-06-2025
Director resignation, Ludo Helsen (director)
Director resignation, Nico Cras (director)
Director resignation, Jos Claessens (director)
Director resignation, Jozef Geuens (director)
Director resignation, Marc Vandeput (director)
Director resignation, Katelijne Weyns (director)
Director resignation, Paul Verbeeck (director)
Director resignation, Lawrence Vancraeyenest (director)
Director resignation, Nutsbedrijven Houdstermaatschappij CV (director)
Director appointment, Johan Sauwens (director)
Director appointment, Paul Verbeeck (director)
+4 further facts in this act

14-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

05-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

01-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 1 day late

2022

31-12

Financial Weakest financial yearnet €33k ▼94.7%

Net result drops to €33k, the lowest in the series; recovery starts the following year.

24-10

State Gazette act Reappointments: Helsen Ludo, Cras Nico and 5 others

16 facts ▸

General meeting, 17-06-2022
Director reappointment, Helsen Ludo (director)
Director reappointment, Cras Nico (director)
Director reappointment, Vandeput Marc (director)
Director reappointment, Geuens Jos (director)
Director reappointment, Claessens Jos (director)
Director reappointment, Weyns Katelijne (director)
Director reappointment, Verbeeck Paul (director)
Board composition, Helsen Ludo (director)
Board composition, Cras Nico (director)
Board composition, Vandeput Marc (director)
Board composition, Geuens Jos (director)
+4 further facts in this act

12-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

Show earlier events

26-01

State Gazette act Appointment: NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ (soort b bestuurder)

Permanent representative: KELCHTERMANS Ludo · Statutes amendment · Mandate compensation15 facts ▸

General meeting, 14-01-2022
Board meeting, 27-10-2021
Statutes amendment
Director appointment, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ (soort b bestuurder)
Permanent representative, KELCHTERMANS Ludo
Mandate compensation, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
Board composition, Helsen Ludo (soort a bestuurder)
Board composition, Cras Nico (soort a bestuurder)
Board composition, Vandeput Marc (soort a bestuurder)
Board composition, Geuens Jos (soort a bestuurder)
Board composition, Claessens Jos (soort a bestuurder)
Board composition, Weyns Catharina (Katelijne) (soort a bestuurder)
+3 further facts in this act

06-01

State Gazette act Resignation: Wim Dries (director)

Appointment: Paul VERBEECK (director) · Capital increase · Share issue9 facts ▸

General meeting, 21-12-2021
Capital increase, €6.500.000
Share issue, 37091, pari
Capital, €15.003.000
Director resignation, Wim Dries (director)
Director discharge, Wim Dries
Director appointment, Paul VERBEECK (director)
Mandate compensation, Paul VERBEECK
Power of attorney, Bart van de KERKHOF

2021

31-12

Financial Liquidity doublescurrent ratio 9.34

Current ratio from 3.75 to 9.34; short-term debt falls from €3.63M to €1.20M.

09-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

06-07

State Gazette act Appointment: MOORE Audit (statutory auditor)

Permanent representatives: Wim Rutsaert and Boudewijn Van Ussel4 facts ▸

General meeting, 19-06-2020
Auditor appointment, MOORE Audit (statutory auditor)
Permanent representative, Wim Rutsaert
Permanent representative, Boudewijn Van Ussel

2020

24-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

21-02

State Gazette act Resignation: Lucien WAUTERS (director)

Appointment: Wim Dries (director) · Registered-office move · Statutes amendment8 facts ▸

General meeting, 17-02-2020
Registered-office move, 2440 Geel, Cipalstraat 3
Statutes amendment
Director resignation, Lucien WAUTERS (director)
Director appointment, Wim Dries (director)
Mandate compensation, Wim Dries
Power of attorney, Bart van de KERKHOF
Board composition, 7

2019

16-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

09-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

20-12

State Gazette act Appointments: Ludo Helsen, Marc Vandeput and 3 others

6 facts ▸

Board meeting, 13-10-2017
Director appointment, Ludo Helsen (chair)
Director appointment, Marc Vandeput (vice-chair)
Director appointment, Jos Geuens (vice-chair)
Director appointment, Lucien Wauters (bestuurder secretaris)
Director appointment, Nico Cras (afgevaardigd bestuurder)

14-07

State Gazette act Appointments: Claessens Jos, Cras Nico Leo and 5 others

Reappointment: Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren (statutory auditor) · Permanent representative: Boudewijn Van Ussel17 facts ▸

General meeting, 23-06-2017
Director appointment, Claessens Jos (director)
Director appointment, Cras Nico Leo (director)
Director appointment, Geuens Jozef Petrus Corneel Maria (director)
Director appointment, Helsen Ludo Thomas Angele (director)
Director appointment, Vandeput Marc Gustaaf Marie (director)
Director appointment, Wauters Lucien Jean Félix (director)
Director appointment, Weyns Katelijne (director)
Board composition, Claessens Jos (director)
Board composition, Cras Nico Leo (director)
Board composition, Geuens Jozef Petrus Corneel Maria (director)
Board composition, Helsen Ludo Thomas Angele (director)
+5 further facts in this act

05-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

28-06

State Gazette act Statutes amendment

Name change · Power of attorney4 facts ▸

General meeting, 08-06-2017
Name change, CIPAL
Statutes amendment
Power of attorney, CIPAL IT Solutions

2016

06-09

State Gazette act Miscellaneous

01-02

State Gazette act Miscellaneous

Power of attorney3 facts ▸

Board meeting, 11-12-2015
Power of attorney, Ilse Daems
Power of attorney, Karen Verwimp

01-02

State Gazette act Resignation: Lode Hofmans (director and vice-chair)

3 facts ▸

General meeting, 19-06-2015
Director resignation, Lode Hofmans (director and vice-chair)
Board composition, raad van bestuur, 5

2015

29-01

State Gazette act Statutes amendment

Demerger · Accounting effect3 facts ▸

Demerger, Overdracht ten bezwarende titel van de bedrijfsafdeling 'Huisvestingsmaatschappijen' (software Prometheus en Prometheus web)
Demerger, Overdracht ten bezwarende titel van de bedrijfsafdeling 'Huisvestingsmaatschappijen' (software Sociopack)
Accounting effect, 01-01-2015

2014

25-11

State Gazette act Restructuring

Demerger2 facts ▸

Demerger, overdracht van bedrijfstakken
Demerger, overdracht van bedrijfstakken

05-11

State Gazette act Reappointment: Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren (statutory auditor)

Permanent representative: Boudewijn Van Ussel · Resignation: Luc Vuylsteke de Laps (director) · No replacement6 facts ▸

General meeting, 02-05-2014
Auditor reappointment, Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren
Permanent representative, Boudewijn Van Ussel
Director resignation, Luc Vuylsteke de Laps (director)
Board composition, 6
No replacement, De vergadering heeft besloten niet in zijn vervanging te voorzien

23-10

State Gazette act Appointment: Nico Cras (afgevaardigd bestuurder)

Power of attorney6 facts ▸

Board meeting, 01-07-2011
Director appointment, Nico Cras (afgevaardigd bestuurder)
Board meeting, 12-09-2014
Power of attorney, Bart van de Kerkhof
Power of attorney, Ilse Daems
Power of attorney, Karen Verwimp

23-10

State Gazette act Registered office

Registered-office move2 facts ▸

Board meeting, 12-09-2014
Registered-office move, Bell Telephonelaan 2 A, 2440 Geel

27-06

State Gazette act Statutes amendment

Name change · Power of attorney6 facts ▸

General meeting, 13-06-2014
Name change, CIPAL IT Solutions
Statutes amendment
Statutes amendment
Statutes amendment
Power of attorney, Bart van de KERKHOF

07-01

State Gazette act Resignation: VAN dER WILDT Francy (director and vice-chair)

Capital increase · Bank account · Statutes amendment8 facts ▸

General meeting, 13-12-2013
Capital increase, €5.500.000
Bank account, NV KBC Bank, 2200000.00
Statutes amendment
Statutes amendment
Director resignation, VAN dER WILDT Francy (director and vice-chair)
Board composition, 7, 15-10-2013
Decision, niet in vervanging voorzien

2013

19-12

State Gazette act Resignation: Francy Van der Wildt (director and vice-chair)

3 facts ▸

Board meeting, 24-10-2013
Director resignation, Francy Van der Wildt (director and vice-chair)
Board composition, raad van bestuur, 7

08-08

State Gazette act Miscellaneous

Merger2 facts ▸

Board meeting, 11-06-2013
Merger, Rectification of a previously published proposal (28/06/2013) regarding the KBO number of CIPAL NV., inbreng van bedrijfstak

28-06

State Gazette act Capital & shares

Demerger · Notary2 facts ▸

Demerger
Notary, Geassocieerd notaris

2011

15-09

State Gazette act Appointments: Ludo Helsen, Lucien Wauters and 4 others

8 facts ▸

Board meeting, 01-07-2011
General meeting, 29-06-2011
Director appointment, Ludo Helsen (chair)
Director appointment, Lucien Wauters (secretary)
Director appointment, Lode Hofmans (vice-chair)
Director appointment, Marc Vandeput (vice-chair)
Director appointment, Francy Van der Wildt (vice-chair)
Director appointment, Nico Cras (afgevaardigd bestuurder)

19-07

State Gazette act Reappointment: BOUDEWIJN VAN USSEL-C. (statutory auditor)

Resignations: CRAS Nico Leo, GEUENS Jozef Petrus Corneel Maria and 6 others · Appointments: CRAS Nico Leo, GEUENS Jozef Petrus Corneel Maria and 6 others · Approval35 facts ▸

General meeting, 29-06-2011
Auditor reappointment, BOUDEWIJN VAN USSEL-C. (statutory auditor)
Approval, Goedkeuring voorstel van overdracht van bedrijfstak
Capital increase, €2.600.000
Accounting effect, 01-04-2011
Purpose change, De vennootschap heeft tot doel om totaaloplossingen uit te werken en te realiseren op het vlak van de informatie- en communicatietechnologie. Zij zal hierbij al…
Statutes amendment
Statutes amendment
Director resignation, CRAS Nico Leo (director)
Director resignation, GEUENS Jozef Petrus Corneel Maria (director)
Director resignation, HELSN Ludo Thomas Angele (director)
Director resignation, HOFMANS Lodewijk Jozef Amandus Maria (director)
+23 further facts in this act

19-07

State Gazette act Capital & shares

Demerger · Accounting effect · Share issue6 facts ▸

Board meeting, 24-06-2011
Board meeting, 24-06-2011
Demerger, Overdracht ten bezwarende titel van de bedrijfstak 'Activiteiten voor niet-deelnemers'
Accounting effect, 01-04-2011
Share issue, Nieuw uit te geven aandelen CIPAL NV als onvoorwaardelijk vast gedeelte van de vergoeding
Compensation, Voorwaardelijk en variabel gedeelte in cash als onderdeel van de vergoeding voor de overdracht van de bedrijfstak

27-05

State Gazette act Appointment: Nico Cras (beheerder directeur generaal)

Officer title change4 facts ▸

Board meeting, 06-05-2011
Officer title change, Nico Cras
General meeting, 09-02-2011
Director appointment, Nico Cras (beheerder directeur generaal)

23-05

State Gazette act Restructuring

Demerger1 fact ▸

Demerger, CIPAI

01-03

State Gazette act Resignation: MANAP (director)

Permanent representative: Arthur Maria Albert PHILIPS · Appointment: Nico Leo CRAS (director) · Approval9 facts ▸

General meeting, 09-02-2011
Approval, 07-05-2010
Director resignation, MANAP (director)
Permanent representative, Arthur Maria Albert PHILIPS
Director appointment, Nico Leo CRAS (director)
Mandate compensation, Nico Leo CRAS
Statutes amendment
Capital, €403.000
Shares, 2650, 1/2650

15-02

State Gazette act Resignation: Arthur Philips (beheerder directeur generaal)

Appointment: Nico Cras (beheerder directeur generaal)3 facts ▸

Board meeting, 21-01-2011
Director resignation, Arthur Philips (beheerder directeur generaal)
Director appointment, Nico Cras (beheerder directeur generaal)

2010

04-08

State Gazette act Resignations: Geuens Jos, Helsen Ludo and Wauters Lucien

Reappointments: Geuens Jos, Helsen Ludo and Wauters Lucien · Permanent representative: Philips Arthur16 facts ▸

General meeting, 07-05-2010
Director resignation, Geuens Jos (director)
Director resignation, Helsen Ludo (director)
Director resignation, Wauters Lucien (director)
Director reappointment, Geuens Jos (director)
Director reappointment, Helsen Ludo (director)
Director reappointment, Wauters Lucien (director)
Board composition, Helsen Ludo (director)
Board composition, Hofmans Lode (director)
Board composition, Geuens Jos (director)
Board composition, MANAP BVBA (director)
Permanent representative, Philips Arthur
+4 further facts in this act

2008

27-06

State Gazette act Resignation: Philips Arthur (director)

Appointment: MANAP BVBA (director) · Permanent representatives: Philips Arthur and Boudewijn Van Ussel · Reappointment: BVBA Boudewijn Van Ussel & C° Bedrijfsrevisoren (statutory auditor)16 facts ▸

General meeting, 05-05-2008
Director resignation, Philips Arthur (director)
Director appointment, MANAP BVBA (director)
Permanent representative, Philips Arthur
Board composition, Helsen Ludo (director)
Board composition, Hofmans Lode (director)
Board composition, Geuens Jos (director)
Board composition, MANAP BVBA (director)
Board composition, Vandeput Marc (director)
Board composition, Van der Wildt Francy (director)
Board composition, Vuylsteke de Laps Luc (director)
Board composition, Wauters Lucien (director)
+4 further facts in this act

2007

09-08

State Gazette act Resignations: Paulis Guy, Stevens Leo and Thys Edgar

Appointments: Hofmans Lode, Vandeput Marc and 5 others23 facts ▸

General meeting, 04-05-2007
Director resignation, Paulis Guy (director)
Director resignation, Stevens Leo (director)
Director resignation, Thys Edgar (director)
Director appointment, Hofmans Lode (director)
Director appointment, Vandeput Marc (director)
Director appointment, Van der Wildt Francy (director)
Director appointment, Vuylsteke de Laps Luc (director)
Board composition, Helsen Ludo (director)
Board composition, Hofmans Lode (director)
Board composition, Geuens Jos (director)
Board composition, Philips Arthur (director)
+11 further facts in this act

2005

05-08

State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)

2 facts ▸

General meeting, 06-03-2005
Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

35 of 35 acts read

Directors · office · real estate

Directors

14 directors, no change since 2026

Maarten Bonnen

Afgevaardigd bestuurder · since 18-12-2025

Current

Johan Sauwens

Director · since 20-06-2025

Current

Lawrence Vancraeyenest

Director · since 20-06-2025

Current

Nutsbedrijven Houdstermaatschappij CV

Director · since 20-06-2025 · Legal entity · perm. rep.: Ludo Kelchtermans

Current

Paul Verbeeck

Director · since 20-06-2025

Current

VANCRAYENEST Lauwrence

Bestuurder (ondervoorzitter) van de raad van bestuur · since 20-06-2025

Current

8 other directors

NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ

Soort b bestuurder · since 14-01-2022 · Cooperative company · perm. rep.: KELCHTERMANS Ludo

Current

Jos Geuens

Director · since 07-05-2010

Current

Geuens Jozef Petrus Corneel Maria

Director · since 29-06-2011

Not recently confirmed

Wauters Lucien Jean Félix

Director · since 29-06-2011

Not recently confirmed

HELSN Ludo Thomas Angele

Director · since 29-06-2011

Not recently confirmed

HOFMANS Lodewijk Jozef Amandus Maria

Director · since 29-06-2011

Not recently confirmed

VAN der WILDT Francy Maria Camille

Director · since 29-06-2011

Not recently confirmed

VUYLSTEKE de Laps Luc Joseph Simon

Director · since 29-06-2011

Not recently confirmed

01-01-2026 Maarten Bonnen: Appointed as Afgevaardigd bestuurder

18-12-2025 Maarten Bonnen: Appointed as Director

20-06-2025 Johan Sauwens: Appointed as Director

20-06-2025 Johan Sauwens: Appointed as Chair of the board

20-06-2025 Paul Verbeeck: Appointed as Chair

Full history in the Timeline (81 changes) →

Location & real-estate footprint

Registered office, Geel · 1 establishment unit since 1991

seat establishment The establishment unit on the map

Ground area

7.2 ha

Building footprint

4,063 m²

Volume, LiDAR

19,791 m³

2 parcels, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.

12 companies at this address See who is registered here

1 establishment unit

CIPAL NV

Cipalstraat 1, 2440 GeelNACE 5248701

since 19912.052.965.804

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13373K0044/00G000	Flanders	6.3 ha	1 · 2,279 m²	-
13373K0054/00R000	Flanders	9,123 m²	1 · 1,785 m²	14.2 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor

Moore AuditCurrent

Statutory auditor

19-06-2020 → present

Show 2 earlier auditors

Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren Auditor · represented by Boudewijn Van Ussel succeeded by Moore Audit in 2020	05-05-2008 → 19-06-2020
Ernst & Young Bedrijfsrevisoren BCVBA Auditor succeeded by Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren in 2008	06-03-2005 → 05-05-2008

Articles of association

Purpose

De vennootschap heeft tot voorwerp om totaaloplossingen uit te werken en te realiseren op het vlak van de informatie- en communicatietechnologie

Full purpose

De vennootschap heeft tot voorwerp om totaaloplossingen uit te werken en te realiseren op het vlak van de informatie- en communicatietechnologie.

according to the deed of 26-01-2022

Structure & network

Connections & network

20 connected companies

Shared directors

Linked via shared directors

ANTWERPS DRUG INTERVENTIE CENTRUM

via Jos Geuens

former→

LijnCom

via Jos Geuens · Director

former→

OFP Prolocus

via Jos Geuens · Director

former→

CAMPUS ENERGYVILLE

Shared director

→

Show 16 more companies with a shared director

Corda Campus

Shared director

→

GREEN VALLEY BELGIUM

Shared director

→

HospiLim

Shared director

→

KMO-ASSIST SPK

Shared director

→

LIFE SCIENCES DEVELOPMENT CAMPUS

Shared director

→

LIMBURG DIEPENBEEK CAMPUS

Shared director

→

NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ

Shared director

→

REMMICOM

Shared director

→

Zorggroep Annendael

Shared director

→

Shared corporate director

→

Belgian Offshore Platform

Shared corporate director

→

Luminus Solutions

Shared corporate director

→

NOAK-PV

Shared corporate director

→

Otary RS

Shared corporate director

→

V.M.I. Engineering and Contracting

Shared corporate director

→

Z-KRACHT

Shared corporate director

→

Acquisitions and mergers

4 transactions

Received in a demerger part of:CIPAL DV

BE 0219.395.192State Gazette act of 19-07-2011 · effective 01-04-2011

Received in a demerger part of:CIPAI

proposal · State Gazette act of 23-05-2011

Contributed a branch of activity to:Woonpartners

BE 0564.871.679State Gazette act of 29-01-2015 (2 acts) · effective 01-01-2015

Contributed a branch of activity to:Brocade Library Services

BE 0534.821.772proposal · State Gazette act of 08-08-2013 (2 acts)

Capital and shareholders

Capital over the years

06-01-2022 Capital increase of 6,500,000 EUR · to 15,003,000 EUR · in kind
07-01-2014 Capital increase of 5,500,000 EUR · to 8,503,000 EUR · 31,377 new shares
19-07-2011 Capital increase of 2,600,000 EUR · to 3,003,000 EUR · 14,482 new shares · in kind
01-03-2011 Capital stated in the act · 403,000 EUR

Recognitions · licences · registrations

Legal Entity Identifier

2549003L0M5YBBLXC294

no longer live in the LEI register

Similar companies · same sector, comparable size

Zaventem · Eq €66.05M

Inetum Belgium

BE 0429.037.235

Mechelen · Eq €58.93M

EverESSt

BE 1007.726.763

Leuven · Eq €67.22M

Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 181 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded19-12-1990

Fiscal year end31-12

Activities, NACEBEL 2025

62100Computer programming

Sources

Crossroads Bank for EnterprisesBelgian Official Gazette · 35 actsNational Bank · 39 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:info@cipal.be

Enterprise

Business parks

1 park

Offers a parcel on business park:Technologiezone

Geel