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Cipal Schaubroeck

Active
Public limited companyfounded 20169 yrs activeNijverheidsstraat 13, 2260 Westerlo, BelgiumKBO/BCE: BE 0664.474.051
Summary

Cipal Schaubroeck has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.44M and a net result of €2.37M. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 1416 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
67 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-24
Solvency52▼-24
Growth57▼-18
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950k at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.45 in 2024; short-term debt: 70.6% and cash: 23.5% of total assets), and 73% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · 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 →
lowers risk · 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
27%
Return on assets
4.4%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
58 d early
2024
45 d early
2023
50 d early
2022
24 d early
2021
51 d early
2020
46 d early
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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, statutory accounts

Turnover
€95.69M▲ 1.0%
2024 · €94.72M
2019: €55.70M 2020: €58.36M 2021: €64.12M 2022: €69.83M 2023: €81.46M 2024: €94.72M
2019 → 2025
EBIT margin
2.8%▼ 9.6pp
2024 · 12.3%
2019: 6.7% 2020: 7.0% 2021: 8.1% 2022: 4.0% 2023: 6.1% 2024: 12.3%
2019 → 2025
Net result
€2.37M▼ 76.6%
2024 · €10.11M
2019: €2.65M 2020: €2.14M 2021: €1.17M 2022: €2.23M 2023: €4.02M 2024: €10.11M
2019 → 2025
Working capital
€-261k
2024 · €11.47M
2019: €-4.73M 2020: €-5.85M 2021: €-1.55M 2022: €-1.39M 2023: €2.30M 2024: €11.47M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€64.12M-€69.83M▲ 8.9%€81.46M▲ 16.7%€94.72M▲ 16.3%€95.69M▲ 1.0%
Equity€13.29M-€14.22M▲ 7.0%€18.24M▲ 28.3%€28.35M▲ 55.4%€14.44M▼ 49.1%
Operating result€5.21M-€2.77M▼ 46.9%€4.95M▲ 78.7%€11.66M▲ 136%€2.63M▼ 77.4%
Net result€1.17M-€2.23M▲ 90.8%€4.02M▲ 80.2%€10.11M▲ 151%€2.37M▼ 76.6%
Result per fiscal year
Operating resultNet result
€0€5.00M€10.00MOperating result 2021: €5.21M€5.21MNet result 2021: €1.17M€1.17MOperating result 2022: €2.77M€2.77MNet result 2022: €2.23M€2.23MOperating result 2023: €4.95M€4.95MNet result 2023: €4.02M€4.02MOperating result 2024: €11.66M€11.66MNet result 2024: €10.11M€10.11MOperating result 2025: €2.63M€2.63MNet result 2025: €2.37M€2.37M20212022202320242025€0€5M€10MOperating result 2023: €4.95M€4.9MNet result 2023: €4.02M€4MOperating result 2024: €11.66M€12MNet result 2024: €10.11M€10MOperating result 2025: €2.63M€2.6MNet result 2025: €2.37M€2.4M202320242025
The operating result falls in 2025; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53.44M
Fixed assets €15.95M ▼ 14.3%
Current assets €37.49M ▲ 2.0%
Equity and liabilities €53.44M
Equity €14.44M ▼ 49.1%
Provisions €0 ▼ 100%
Debt €39.00M ▲ 46.1%
Debt's share of the balance-sheet total rises from 48.2% to 73.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5.72M
2024 · €14.60M
Cash flow
€5.45M
2024 · €13.05M
Current ratio
0.99
2024 · 1.45
Quick ratio
0.96
2024 · 1.34
Debt to equity
2.70
2024 · 0.94
ROE
16.4%
2024 · 35.7%
ROA
4.4%
2024 · 18.3%
Interest coverage
9.02
2024 · 22.39
Debt ≤ 1 year
€37.75M
2024 · €25.27M
Debt > 1 year
€347k
2024 · €1.10M
Income taxes
€773k
2024 · €3.03M
Staff costs
€31.14M
2024 · €30.19M
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 · 99 lines
Balance sheet Code20242025
Assets
Total assets20/58€55.36M€53.44M
Fixed assets21/28€18.62M€15.95M
Intangible fixed assets21€7.47M€5.49M
Tangible fixed assets22/27€2.32M€1.66M
Plant, machinery and equipment23€655k€639k
Furniture and vehicles24€133k€94k
Leasing and similar rights25€1.37M€760k
Other tangible fixed assets26€153k€167k
Financial fixed assets28€8.84M€8.80M
Affiliated companies280/1€7.27M€7.27M=
Participating interests280€7.27M€7.27M=
Companies linked by participating interests282/3€850k€850k=
Participating interests282€850k€850k=
Other financial fixed assets284/8€721k€687k
Shares284€23k€23k=
Amounts receivable and cash guarantees285/8€698k€664k
Current assets29/58€36.74M€37.49M
Stocks and contracts in progress3€2.85M€1.35M
Stocks30/36€2.85M€1.35M
Goods purchased for resale34€2.85M€1.35M
Amounts receivable within one year40/41€20.50M€22.20M
Trade receivables40€19.32M€16.29M
Other amounts receivable41€1.18M€5.91M
Current investments50/53€5.26M-
Other investments51/53€5.26M-
Cash at bank and in hand54/58€6.76M€12.57M
Deferred charges and accrued income490/1€1.37M€1.36M
Equity and liabilities
Total equity and liabilities10/49€55.36M€53.44M
Equity10/15€28.35M€14.44M
Contributions10/11€7.84M€7.84M=
Capital10€7.84M€7.84M=
Issued capital100€7.84M€7.84M=
Reserves13€8.05M€1.96M
Non-distributable reserves130/1€784k€784k=
Legal reserve130€784k€784k=
Tax-exempt reserves132€2.59M€1.17M
Distributable reserves133€4.68M-
Profit (loss) carried forward14€12.47M€4.65M
Provisions and deferred taxes16€321k-
Provisions for liabilities and charges160/5€321k-
Other liabilities and charges164/5€321k-
Amounts payable17/49€26.69M€39.00M
Amounts payable after more than one year17€1.10M€347k
Financial debts170/4€1.10M€347k
Leasing and similar obligations172€797k€347k
Credit institutions173€307k-
Amounts payable within one year42/48€25.27M€37.75M
Current portion of amounts payable after more than one year42€918k€464k
Trade debts44€13.25M€8.40M
Suppliers440/4€13.25M€8.40M
Advances received on contracts in progress46€137k€14k
Taxes, remuneration and social security45€6.97M€6.90M
Taxes450/3€2.21M€1.47M
Remuneration and social security454/9€4.75M€5.43M
Other amounts payable47/48€4.00M€21.98M
Accrued charges and deferred income492/3€314k€907k
Income statement Code20242025
Operating income70/76A€100.13M€97.61M
Turnover70€94.72M€95.69M
Own construction capitalised72€3.46M-
Other operating income74€1.95M€1.92M
Operating charges60/66A€88.47M€94.98M
Goods for resale, raw materials and consumables60€30.94M€27.94M
Purchases600/8€33.36M€26.44M
Change in stocks: decrease (increase)609€-2.42M€1.50M
Services and other goods61€24.42M€32.57M
Remuneration, social security and pensions62€30.19M€31.14M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.94M€3.08M
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€150k€564k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-206k€-321k
Other operating charges640/8€39k€7k
Operating profit (loss)9901€11.66M€2.63M
Financial income75/76B€2.71M€1.18M
Recurring financial income75€2.18M€1.18M
Income from financial fixed assets750€1.99M€1.06M
Income from current assets751€177k€103k
Other financial income752/9€8k€22k
Non-recurring financial income76B€527k-
Financial charges65/66B€1.22M€676k
Recurring financial charges65€698k€676k
Debt charges650€652k€634k
Other financial charges652/9€46k€42k
Non-recurring financial charges66B€527k-
Profit (loss) for the period before taxes9903€13.14M€3.14M
Income taxes67/77€3.03M€773k
Taxes670/3€3.05M€784k
Tax adjustments and reversals of tax provisions77€26k€11k
Profit (loss) for the period9904€10.11M€2.37M
Transfer from tax-exempt reserves789€758k€1.41M
Transfer to tax-exempt reserves689€1,000k-
Profit (loss) for the period to be appropriated9905€9.87M€3.78M
Appropriation of the result
Profit (loss) to be appropriated9906€13.22M€16.25M
Profit (loss) brought forward from the previous period14P€3.36M€12.47M
Transfer from equity791/2-€6.09M
From reserves792-€6.09M
Transfer to equity691/2€758k€1.41M
To other reserves6921€758k€1.41M
Profit to be distributed694/7-€16.28M
Return on contributions (dividend)694-€16.28M
Social balance
Average headcount (FTE)9087377.7375.9

The notes to these accounts (82 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-08
State Gazette act Appointment: Callens Vandelanotte & Theunissen BV (statutory auditor)
1 fact ▸
  • Auditor appointment, Callens Vandelanotte & Theunissen BV (statutory auditor)
16-07
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 24-06-2026
  • Registered-office move, Nijverheidsstraat 13, 2260 Westerlo
13-07
State Gazette act Permanent representatives: Abdelmoula Salah and Johan Leon Marie Knooren
3 facts ▸
  • Board meeting, 20-05-2026
  • Permanent representative, Abdelmoula Salah (permanent representative)
  • Permanent representative, Johan Leon Marie Knooren (permanent representative)
03-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
06-02
State Gazette act Miscellaneous
Power of attorney9 facts ▸
  • Board meeting, 24-01-2026
  • Power of attorney, Mark GYBELS
  • Power of attorney, Isabelle DEHOND
  • Power of attorney, Isabel VAN DEN EYNDE
  • Power of attorney, Geert VAN POUCKE
  • Power of attorney, Tom WITTOECK
  • Power of attorney, Guillaume VAN LAMSWEERDE
  • Power of attorney, Marc CRUTZEN
  • Power of attorney, Geert VAN LOY
2025
30-12
State Gazette act Resignation: VERDI CommV (director)
Permanent representative: Dirk VERSTICHELE · Power of attorney4 facts ▸
  • General meeting, 10-12-2025
  • Director resignation, VERDI CommV (director)
  • Permanent representative, Dirk VERSTICHELE
  • Power of attorney, LM&DS BV
30-12
State Gazette act Appointments: FLEXIBLE SOLUTIONS BV (managing director) and BRE-BEAU BV (managing director)
Permanent representatives: Hans HULPIAU and Nico CRAS · Power of attorney · Mandate compensation33 facts ▸
  • Board meeting, 10-12-2025
  • Power of attorney, Nico CRAS
  • Power of attorney, Hans HULPIAU
  • Power of attorney, Abdelmoula SALAH
  • Power of attorney, Marc GIJBELS
  • Power of attorney, Isabelle DEHOND
  • Power of attorney, Isabel VAN DEN EYNDE
  • Power of attorney, Geert VAN POUCKE
  • Power of attorney, Dominique DEVOS
  • Power of attorney, Steven DE VOS
  • Power of attorney, Tom WITTOECK
  • Power of attorney, Guillaume VAN LAMSWEERDE
  • +21 further facts in this act
29-07
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 21-05-2025
  • Power of attorney, Marc Crutzen
16-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
16-06
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
12-06
State Gazette act Resignations: Cipal NV (director) and Schaubroeck NV (director)
Appointments: TSS Management B.V., Bre-Beau BV and VERDI CommV · Power of attorney16 facts ▸
  • General meeting, 02-06-2025
  • Director resignation, Cipal NV (director)
  • Director resignation, Schaubroeck NV (director)
  • Director appointment, TSS Management B.V. (director)
  • Director appointment, Bre-Beau BV (director)
  • Board composition, TSS Management B.V. (director)
  • Board composition, FLEXIBLE SOLUTIONS BV (director)
  • Board composition, VERDI CommV (director)
  • Board composition, Bre-Beau BV (director)
  • Power of attorney, Monard Law BV
  • Board meeting, 02-06-2025
  • Director resignation, Cipal NV (managing director)
  • +4 further facts in this act
24-01
State Gazette act Reappointment: Callens, Vandelanotte BV (statutory auditor)
2 facts ▸
  • General meeting, 23-05-2023
  • Auditor reappointment, Callens, Vandelanotte BV
Show earlier events
2024
31-12
Financial Highest result since 2019net €10.11M ▲151%
Operating result €11.66M, net result €10.11M, both a record.
31-12
Financial Equity above €25MEq €28.35M ▲55.4%
6 profitable years in a row build equity to €28.35M.
25-11
State Gazette act Reappointment: Schaubroeck NV (director)
Representation4 facts ▸
  • Board meeting, 31-10-2024
  • Director reappointment, Schaubroeck NV (director)
  • Director reappointment, Schaubroeck NV (afgevaardigd bestuurder)
  • Representation, bestuurder en afgevaardigd bestuurder van Cipal Schaubroeck NV
03-09
State Gazette act Capital & shares
Demerger · Accounting effect · Contract5 facts ▸
  • Board meeting, 13-08-2024
  • Board meeting, 24-06-2024
  • Demerger, Overdracht ten bezwarende titel van de bedrijfstak 'Backoffice toepassingen en ICT-activiteiten'
  • Accounting effect, 01-01-2024
  • Contract, 16-02-2016
15-07
State Gazette act Miscellaneous
Demerger · Power of attorney3 facts ▸
  • Demerger, overdracht van de bedrijfstak 'Backoffice toepassingen en ICT-activiteiten'
  • Power of attorney, Bart van de Kerkhof
  • Power of attorney, Bart van de Kerkhof
10-07
State Gazette act Resignations & appointments
Power of attorney78 facts ▸
  • Board meeting, 29-04-2024
  • Power of attorney, Nico Cras
  • Power of attorney, Dirk Verstichele
  • Power of attorney, Hans Hulpiau
  • Power of attorney, Bart van de Kerkhof
  • Power of attorney, Kathleen Lamberigts
  • Power of attorney, Patricia Janssens
  • Power of attorney, Isabel Van den Eynde
  • Power of attorney, Isabelle Dehond
  • Power of attorney, Tania De Wit
  • Power of attorney, Wim Bisschops
  • Power of attorney, Geert Van Poucke
  • +66 further facts in this act
01-07
State Gazette act Resignations: Schaubroeck NV (director) and Dirk Verstichele (director)
Reappointment: Schaubroeck NV (director) · Appointment: Verdi (director)5 facts ▸
  • General meeting, 28-05-2024
  • Director resignation, Schaubroeck NV (director)
  • Director reappointment, Schaubroeck NV (director)
  • Director resignation, Dirk Verstichele (director)
  • Director appointment, Verdi (director)
11-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
11-06
NBB filing Annual accounts filed
fiscal year 2023 · consolidated
2023
03-08
State Gazette act Capital & shares
Demerger · Accounting effect · Joint proposal6 facts ▸
  • Demerger, Overdracht van de bedrijfstak 'Public Staffing' door CS aan A&S
  • Demerger, Overdracht van de bedrijfstakken 'Legal Consultancy' en 'Icarus' door A&S aan CS
  • Accounting effect, 01-01-2023
  • Joint proposal, 05-05-2023
  • Power of attorney
  • Power of attorney
07-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
07-07
NBB filing Annual accounts filed
fiscal year 2022 · consolidated
24-05
State Gazette act Restructuring
Demerger3 facts ▸
  • Board meeting, 05-05-2023
  • Demerger, overdracht van de bedrijfstak "Public Staffing"
  • Demerger, overdracht van de bedrijfstakken "Legal Consultancy" en "Icarus"
2022
24-10
State Gazette act Reappointments: Dirk Verstichele, Cipal NV and Flexible Solutions bvba
Permanent representatives: Nico Cras, Hans Hulpiau and Frédéric Schaubroeck11 facts ▸
  • General meeting, 24-05-2022
  • Director reappointment, Dirk Verstichele (class A director)
  • Director reappointment, Cipal NV (class B director)
  • Permanent representative, Nico Cras
  • Director reappointment, Flexible Solutions bvba (class B director)
  • Permanent representative, Hans Hulpiau
  • Board composition, Dirk Verstichele (class A director)
  • Board composition, Cipal NV (class B director)
  • Board composition, Flexible Solutions bvba (class B director)
  • Board composition, Schaubroeck NV (class A director)
  • Permanent representative, Frédéric Schaubroeck
13-06
NBB filing Annual accounts filed
fiscal year 2021 · consolidated
10-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet €1.17M ▼45.4%
Net result drops to €1.17M, the lowest in the series; recovery starts the following year.
15-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
05-10
State Gazette act Reappointment: Callens, Pirenne Theunissen & Co (statutory auditor)
Permanent representative: Philip Callens3 facts ▸
  • General meeting, 26-05-2020
  • Auditor reappointment, Callens, Pirenne Theunissen & Co (statutory auditor)
  • Permanent representative, Philip Callens
06-02
State Gazette act Registered office · Statutes amendment
Registered-office move · Statutes amendment · Power of attorney7 facts ▸
  • General meeting, 30-01-2020
  • Registered-office move, 2440 Geel, Cipalstraat 3
  • Statutes amendment
  • Power of attorney, Philippe COLSON
  • Power of attorney, Bart van de KERKHOF
  • Website confirmation, www.cipalschaubroeck.be
  • Email confirmation, info@cipalschaubroeck.be
2018
25-07
State Gazette act Appointment: Schaubroeck NV (director)
Permanent representative: Frédéric Schaubroeck5 facts ▸
  • General meeting, 29-05-2018
  • Director appointment, Schaubroeck NV (director)
  • Permanent representative, Frédéric Schaubroeck
  • Board meeting, 29-05-2018
  • Director appointment, Schaubroeck NV (managing director)
2017
13-09
State Gazette act Resignation: Frédéric Schaubroeck (a bestuurder en gedelegeerd bestuurder a)
Appointment: Schaubroeck NV (class A director) · Permanent representative: Frédéric Schaubroeck5 facts ▸
  • Board meeting, 25-08-2017
  • Director resignation, Frédéric Schaubroeck (a bestuurder en gedelegeerd bestuurder a)
  • Director appointment, Schaubroeck NV (class A director)
  • Permanent representative, Frédéric Schaubroeck
  • Director appointment, Schaubroeck NV (gedelegeerd bestuurder a)
09-06
State Gazette act Resignations & appointments
Bevoegdheidsverdeling change10 facts ▸
  • Board meeting, 08-05-2017
  • Bevoegdheidsverdeling change, elk afzonderlijk handelend, chief executive officer (CEO)
  • Bevoegdheidsverdeling change, elk afzonderlijk handelend, chief executive officer (CEO)
  • Bevoegdheidsverdeling change, elk afzonderlijk handelend, chief operating officer (COO)
  • Bevoegdheidsverdeling change, elk afzonderlijk handelend, afgevaardigd bestuurder
  • Bevoegdheidsverdeling change, twee van de genoemde personen samen handelend, chief strategy officer (CSO)
  • Bevoegdheidsverdeling change, twee van de genoemde personen samen handelend, chief financial officer (CFO)
  • Bevoegdheidsverdeling change, twee van de genoemde personen samen handelend, chief controlling officer (CCO)
  • Bevoegdheidsverdeling change, twee van de genoemde personen samen handelend, BU-manager
  • Bevoegdheidsverdeling change, twee van de genoemde personen samen handelend, BU-manager
2016
14-11
State Gazette act Resignations & appointments
Power of attorney48 facts ▸
  • Board meeting, 14-10-2016
  • Power of attorney, Nico Cras
  • Power of attorney, Dirk Verstichele
  • Power of attorney, Hans Hulpiau
  • Power of attorney, Frédéric Schaubroeck
  • Power of attorney, Bart van de Kerkhof
  • Power of attorney, Stefan Theunis
  • Power of attorney, Dirk Verstichele
  • Power of attorney, Nico Cras
  • Power of attorney, Bart van de Kerkhof
  • Power of attorney, Dirk Verstichele
  • Power of attorney, Nico Cras
  • +36 further facts in this act
12-10
State Gazette act Incorporation
Appointments: Frédéric Schaubroeck, Dirk Verstichele and 3 others · Permanent representatives: Nico Cras and Hans Hulpiau · Demerger14 facts ▸
  • Incorporation, 07-10-2016
  • Demerger, Partiële splitsing van de vennootschap 'Schaubroek'
  • Share issue, A, 10000
  • Founding capital, €7.835.488,82
  • Director appointment, Frédéric Schaubroeck (class A director)
  • Director appointment, Dirk Verstichele (class A director)
  • Director appointment, CIPAL IT SOLUTIONS (class B director)
  • Permanent representative, Nico Cras
  • Director appointment, Flexible Solutions bvba (class B director)
  • Permanent representative, Hans Hulpiau
  • Mandate compensation, Frédéric Schaubroeck
  • Auditor appointment, Callens, Pirenne, Theunissen en Co Bedrijfsrevisoren
  • +2 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
7 directors, no change since 2025
FLEXIBLE SOLUTIONS BV
Managing director · since 10-12-2025 · Legal entity · perm. rep.: Hans HULPIAU
Current
BRE-BEAU BV
Managing director · since 02-06-2025 · Legal entity · perm. rep.: Nico CRAS
Current
TSS Management B.V.
Director · since 02-06-2025 · Legal entity
Current
VERDI CommV
Managing director · since 02-06-2025 · Legal entity
Current
VERDI
Director · since 28-05-2024 · Legal entity
Current
Flexible Solutions bvba
Class B director · since 07-10-2016 · Legal entity · perm. rep.: Hans Hulpiau
Current
1 other director
CIPAL
Class B director · since 07-10-2016 · Public limited company · perm. rep.: Nico Cras
Not recently confirmed
10-12-2025 FLEXIBLE SOLUTIONS BV: Appointed as Managing director
10-12-2025 BRE-BEAU BV: Appointed as Managing director
01-12-2025 VERDI: Resigned as Director
02-06-2025 BRE-BEAU BV: Appointed as Director
02-06-2025 BRE-BEAU BV: Appointed as Managing director
Full history in the Timeline (28 changes) →
Location & real-estate footprint
Registered office, Westerlo · 2 establishment units since 2016
establishment All 2 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Nijverheidsstraat 132260 Westerlo
Ground area
4.7 ha
Building footprint
8,969 m²
Volume, LiDAR
95,570 m³
3 parcels, Flanders · tallest building 30.0 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Cipalstraat 3, 2440 Geel
Wholesale trade
since 20162.257.850.192
Steenweg Deinze 154, 9810 Nazareth-De Pinte
Wholesale trade
since 20162.257.850.687
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13028B0138/00V000 Flanders 2.4 ha 1 · 1,680 m² 30.0 m · 8 fl.
44048G0467/00H000 Flanders 1.3 ha 1 · 5,504 m² 13.6 m · 2 fl.
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: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
Callens, Vandelanotte & Theunissen BVCurrent
Statutory auditor
17-08-2026 → present
Show 3 earlier auditors
Callens Vandelanotte BV
Auditor
succeeded by Callens, Vandelanotte & Theunissen BV in 2026
23-05-2023 → 17-08-2026
Callens, Pirenne, Theunissen en Co Bedrijfsrevisoren
Auditor
succeeded by Callens, Vandelanotte & Theunissen in 2020
07-10-2016 → 26-05-2020
Callens, Vandelanotte & Theunissen
Statutory auditor · represented by Philip Callens
succeeded by Callens Vandelanotte BV in 2023
26-05-2020 → 23-05-2023

Articles of association

Purpose
De vennootschap heeft tot doel om, zowel in binnen- als in buitenland, totaaloplossingen uit te werken en te realiseren op het vlak van de informatie- en communicatietechnologie.…
Full purpose

De vennootschap heeft tot doel om, zowel in binnen- als in buitenland, totaaloplossingen uit te werken en te realiseren op het vlak van de informatie- en communicatietechnologie. Zij zal hierbij alle studies verrichten en diensten verstrekken die daarmee verband houden, zo onder meer, doch niet beperkend: de levering van apparatuur en programmatuur, de uitbating van een kantoor voor informatieverwerking, het via het netwerk op aanvraag ter beschikking stellen van hardware, software en gegevens, het uitvoeren van werkzaamheden op installaties ten behoeve van haar klanten, de personeelsondersteuning aan klanten, het verzorgen van opleidingen, informatiesessies en congressen op het vlak van de informatie- en communicatietechnologie, met betrekking tot zowel de infrastructuur als de toepassingen, en het verstrekken van alle hiermee verband houdende nuttige adviezen en begeleiding. De vennootschap heeft tevens tot doel de levering van diensten en advies op het vlak van personeelsaangelegenheden, zowel op juridisch, als op sociaal en arbeidsrechtelijk vlak.

Structure & network

Connections & network

2 connected companies
Linked via shared directors
GREEN VALLEY BELGIUM
Shared director
REMMICOM
Shared director

Acquisitions and mergers

3 transactions
Received in a demerger part of:Cipal
BE 0219.395.192State Gazette act of 03-09-2024 (2 acts)
Received in a demerger part of:Schaubroek
BE 0401.044.520partial demerger · State Gazette act of 12-10-2016
Demerger with:A&S Solutions
BE 0478.548.708demerger · State Gazette act of 03-08-2023 (2 acts)

Capital and shareholders

Capital over the years
  1. 12-10-2016 Incorporation · 7,835,488.82 EUR · 20,000 shares

Public money · subsidies and aid

Flemish government

2022 to 2025 · 11 entries · 146,061 EUR awarded · 146,061 EUR paid
Year Entries awardedpaid
2025 3 29,558 EUR29,558 EUR
2024 3 31,282 EUR31,282 EUR
2023 3 45,439 EUR45,439 EUR
2022 2 39,782 EUR39,782 EUR
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
4 entries · 82,374 EUR · 82,374 EUR paid · Departement Werk en Sociale Economie
Vlaams opleidingsverlof (VOV)
4 entries · 50,295 EUR · 50,295 EUR paid · Departement Werk en Sociale Economie
Individueel Maatwerk
3 entries · 13,392 EUR · 13,392 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

648800DY7RAO85NT0I20
live in the LEI register

Similar companies · same sector, comparable size

Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 631 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
Founded10-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers

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

Contact details

2 entries
Enterprise
E-mail:info@cipalschaubroeck.be
Enterprise