CIPAL
ActiveCIPAL 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 1416 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2025Solvency, return and age of the figures
Solvency
51%
Return on assets
82.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 07-04-2026, 115 days ahead of the deadline.
NBB · 10 filingsDeviation 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 →
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 monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
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
Fixed assets
€4.66M▼ 55.0%
Current assets
€118.32M▲ 1,218%
Equity and liabilities €122.98M
Equity
€62.69M▲ 253%
Provisions
€3.53M
Debt
€56.76M▲ 3,422%
The debt ratio rises from 8.3% to 46.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-5.17M▼
2024 · €413k
Cash flow
€101.63M▲
2024 · €441k
Solvency
51.0%▼
2024 · 91.7%
Current ratio
2.09▼
2024 · 5.57
Quick ratio
2.09▼
2024 · 5.57
Debt / 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
€56.76M▲
2024 · €1.61M
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 / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
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
Next filing, fiscal year 2026, expected by
2026
01-09
State Gazette act
MiscellaneousBoard meeting · Director appointment3 facts ▸
State Gazette act
Miscellaneous
Board meeting · Director appointment3 facts ▸
- Board meeting, 2025-06-20
- Director appointment, SAUWENS Johan (voorzitter van de Raad van bestuur)
- 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
Resignations & appointmentsGeneral meeting · Director appointment · Board meeting4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Board meeting4 facts ▸
- General meeting, 2025-12-18
- Director appointment, Maarten Bonnen (bestuurder)
- Board meeting, 2025-12-18
- Director appointment, Maarten Bonnen (afgevaardigd bestuurder)
2025
31-12
Financial
Highest result since 2020net €101.45M ▲42276%
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 & appointmentsGeneral meeting · Director resignation · Director appointment16 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment16 facts ▸
- General meeting, 2025-06-20
- Director resignation, Ludo Helsen (bestuurder)
- Director resignation, Nico Cras (bestuurder)
- Director resignation, Jos Claessens (bestuurder)
- Director resignation, Jozef Geuens (bestuurder)
- Director resignation, Marc Vandeput (bestuurder)
- Director resignation, Katelijne Weyns (bestuurder)
- Director resignation, Paul Verbeeck (bestuurder)
- Director resignation, Lawrence Vancraeyenest (bestuurder)
- Director resignation, Nutsbedrijven Houdstermaatschappij CV (bestuurder)
- Director appointment, Johan Sauwens (bestuurder)
- Director appointment, Paul Verbeeck (bestuurder)
- +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
Resignations & appointmentsGeneral meeting · Director reappointment · Board composition16 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Board composition16 facts ▸
- General meeting, 2022-06-17
- Director reappointment, Helsen Ludo (bestuurder)
- Director reappointment, Cras Nico (bestuurder)
- Director reappointment, Vandeput Marc (bestuurder)
- Director reappointment, Geuens Jos (bestuurder)
- Director reappointment, Claessens Jos (bestuurder)
- Director reappointment, Weyns Katelijne (bestuurder)
- Director reappointment, Verbeeck Paul (bestuurder)
- Board composition, Helsen Ludo (bestuurder)
- Board composition, Cras Nico (bestuurder)
- Board composition, Vandeput Marc (bestuurder)
- Board composition, Geuens Jos (bestuurder)
- +4 further facts in this act
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
26-01
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointmentsGeneral meeting · Board meeting · Statutes amendment16 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments
General meeting · Board meeting · Statutes amendment16 facts ▸
- General meeting, 2022-01-14
- Board meeting, 2021-10-27
- Statutes amendment
- Corporate purpose, De vennootschap heeft tot voorwerp om totaaloplossingen uit te werken en te realiseren op het vlak van de informatie- en communicatietechnologie.
- 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)
- +4 further facts in this act
06-01
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointmentsGeneral meeting · Capital increase · Share issue9 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments
General meeting · Capital increase · Share issue9 facts ▸
- General meeting, 2021-12-21
- Capital increase, €6.500.000
- Share issue, 37091, pari
- Capital, €15.003.000
- Director resignation, Wim Dries (bestuurder)
- Director discharge, Wim Dries
- Director appointment, Paul VERBEECK (bestuurder)
- 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
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative4 facts ▸
- General meeting, 2020-06-19
- Auditor appointment, MOORE Audit (commissaris)
- 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
Registered office · Statutes amendment · Resignations & appointmentsGeneral meeting · Registered-office move · Statutes amendment8 facts ▸
State Gazette act
Registered office · Statutes amendment · Resignations & appointments
General meeting · Registered-office move · Statutes amendment8 facts ▸
- General meeting, 2020-02-17
- Registered-office move, 2440 Geel, Cipalstraat 3
- Statutes amendment
- Director resignation, Lucien WAUTERS (bestuurder)
- Director appointment, Wim Dries (bestuurder)
- 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
Resignations & appointmentsBoard meeting · Director appointment6 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment6 facts ▸
- Board meeting, 2017-10-13
- Director appointment, Ludo Helsen (Voorzitter)
- Director appointment, Marc Vandeput (Ondervoorzitter)
- Director appointment, Jos Geuens (Ondervoorzitter)
- Director appointment, Lucien Wauters (Bestuurder-secretaris)
- Director appointment, Nico Cras (Afgevaardigd bestuurder)
14-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Board composition17 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Board composition17 facts ▸
- General meeting, 2017-06-23
- Director appointment, Claessens Jos (bestuurder)
- Director appointment, Cras Nico Leo (bestuurder)
- Director appointment, Geuens Jozef Petrus Corneel Maria (bestuurder)
- Director appointment, Helsen Ludo Thomas Angele (bestuurder)
- Director appointment, Vandeput Marc Gustaaf Marie (bestuurder)
- Director appointment, Wauters Lucien Jean Félix (bestuurder)
- Director appointment, Weyns Katelijne (bestuurder)
- Board composition, Claessens Jos (bestuurder)
- Board composition, Cras Nico Leo (bestuurder)
- Board composition, Geuens Jozef Petrus Corneel Maria (bestuurder)
- Board composition, Helsen Ludo Thomas Angele (bestuurder)
- +5 further facts in this act
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
28-06
State Gazette act
Statutes amendmentGeneral meeting · Name change · Statutes amendment4 facts ▸
State Gazette act
Statutes amendment
General meeting · Name change · Statutes amendment4 facts ▸
- General meeting, 2017-06-08
- Name change, CIPAL
- Statutes amendment
- Power of attorney, CIPAL IT Solutions
2016
06-09
State Gazette act
Miscellaneous
01-02
State Gazette act
MiscellaneousBoard meeting · Power of attorney3 facts ▸
State Gazette act
Miscellaneous
Board meeting · Power of attorney3 facts ▸
- Board meeting, 2015-12-11
- Power of attorney, Ilse Daems
- Power of attorney, Karen Verwimp
01-02
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Board composition3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Board composition3 facts ▸
- General meeting, 2015-06-19
- Director resignation, Lode Hofmans (bestuurder en ondervoorzitter)
- Board composition, raad van bestuur, 5
2015
29-01
State Gazette act
Statutes amendmentDemerger · Accounting effect3 facts ▸
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, 2015-01-01
2014
25-11
State Gazette act
RestructuringDemerger2 facts ▸
State Gazette act
Restructuring
Demerger2 facts ▸
- Demerger, overdracht van bedrijfstakken
- Demerger, overdracht van bedrijfstakken
05-11
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment · Permanent representative6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment · Permanent representative6 facts ▸
- General meeting, 2014-05-02
- Auditor reappointment, Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren
- Permanent representative, Boudewijn Van Ussel
- Director resignation, Luc Vuylsteke de Laps (bestuurder)
- Board composition, 6
- No replacement, De vergadering heeft besloten niet in zijn vervanging te voorzien
23-10
State Gazette act
Resignations & appointmentsBoard meeting · Director appointment · Power of attorney6 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment · Power of attorney6 facts ▸
- Board meeting, 2011-07-01
- Director appointment, Nico Cras (afgevaardigd bestuurder)
- Board meeting, 2014-09-12
- Power of attorney, Bart van de Kerkhof
- Power of attorney, Ilse Daems
- Power of attorney, Karen Verwimp
23-10
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 2014-09-12
- Registered-office move, Bell Telephonelaan 2 A, 2440 Geel
27-06
State Gazette act
Statutes amendmentGeneral meeting · Name change · Statutes amendment6 facts ▸
State Gazette act
Statutes amendment
General meeting · Name change · Statutes amendment6 facts ▸
- General meeting, 2014-06-13
- Name change, CIPAL IT Solutions
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Power of attorney, Bart van de KERKHOF
07-01
State Gazette act
Capital & shares · Resignations & appointmentsGeneral meeting · Capital increase · Bank account8 facts ▸
State Gazette act
Capital & shares · Resignations & appointments
General meeting · Capital increase · Bank account8 facts ▸
- General meeting, 2013-12-13
- Capital increase, €5.500.000
- Bank account, NV KBC Bank, 2200000.00
- Statutes amendment
- Statutes amendment
- Director resignation, VAN dER WILDT Francy (bestuurder en ondervoorzitter)
- Board composition, 7, 2013-10-15
- Decision, niet in vervanging voorzien
2013
19-12
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Board composition3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Board composition3 facts ▸
- Board meeting, 2013-10-24
- Director resignation, Francy Van der Wildt (bestuurder en ondervoorzitter)
- Board composition, raad van bestuur, 7
08-08
State Gazette act
MiscellaneousBoard meeting · Merger2 facts ▸
State Gazette act
Miscellaneous
Board meeting · Merger2 facts ▸
- Board meeting, 2013-06-11
- 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 & sharesDemerger · Notary2 facts ▸
State Gazette act
Capital & shares
Demerger · Notary2 facts ▸
- Demerger
- Notary, Geassocieerd notaris
2011
15-09
State Gazette act
Resignations & appointmentsBoard meeting · General meeting · Director appointment8 facts ▸
State Gazette act
Resignations & appointments
Board meeting · General meeting · Director appointment8 facts ▸
- Board meeting, 2011-07-01
- General meeting, 2011-06-29
- Director appointment, Ludo Helsen (Voorzitter)
- Director appointment, Lucien Wauters (Secretaris)
- Director appointment, Lode Hofmans (Ondervoorzitter)
- Director appointment, Marc Vandeput (Ondervoorzitter)
- Director appointment, Francy Van der Wildt (Ondervoorzitter)
- Director appointment, Nico Cras (Afgevaardigd Bestuurder)
19-07
State Gazette act
Capital & shares · Purpose · Statutes amendment · Resignations & appointmentsGeneral meeting · Auditor reappointment · Approval35 facts ▸
State Gazette act
Capital & shares · Purpose · Statutes amendment · Resignations & appointments
General meeting · Auditor reappointment · Approval35 facts ▸
- General meeting, 2011-06-29
- Auditor reappointment, BOUDEWIJN VAN USSEL-C. (commissaris)
- Approval, Goedkeuring voorstel van overdracht van bedrijfstak
- Capital increase, €2.600.000
- Accounting effect, 2011-04-01
- 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 (bestuurder)
- Director resignation, GEUENS Jozef Petrus Corneel Maria (bestuurder)
- Director resignation, HELSN Ludo Thomas Angele (bestuurder)
- Director resignation, HOFMANS Lodewijk Jozef Amandus Maria (bestuurder)
- +23 further facts in this act
19-07
State Gazette act
Capital & sharesBoard meeting · Demerger · Accounting effect6 facts ▸
State Gazette act
Capital & shares
Board meeting · Demerger · Accounting effect6 facts ▸
- Board meeting, 2011-06-24
- Board meeting, 2011-06-24
- Demerger, Overdracht ten bezwarende titel van de bedrijfstak 'Activiteiten voor niet-deelnemers'
- Accounting effect, 2011-04-01
- 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
Statutes amendmentBoard meeting · Officer title change · General meeting4 facts ▸
State Gazette act
Statutes amendment
Board meeting · Officer title change · General meeting4 facts ▸
- Board meeting, 2011-05-06
- Officer title change, Nico Cras
- General meeting, 2011-02-09
- Director appointment, Nico Cras (beheerder-directeur-generaal)
23-05
State Gazette act
RestructuringDemerger1 fact ▸
State Gazette act
Restructuring
Demerger1 fact ▸
- Demerger, CIPAI
01-03
State Gazette act
Statutes amendment · Resignations & appointmentsGeneral meeting · Approval · Director resignation10 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
General meeting · Approval · Director resignation10 facts ▸
- General meeting, 2011-02-09
- Approval, 2010-05-07
- Director resignation, MANAP (bestuurder)
- Permanent representative, Arthur Maria Albert PHILIPS
- Director appointment, Nico Leo CRAS (bestuurder)
- Mandate compensation, Nico Leo CRAS
- Statutes amendment
- Capital, €403.000
- Corporate purpose, totaaloplossingen uit te werken en te realiseren op het vlak van de informatica
- Shares, 2650, 1/2650
15-02
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Director appointment3 facts ▸
- Board meeting, 2011-01-21
- Director resignation, Arthur Philips (beheerder-directeur-generaal)
- Director appointment, Nico Cras (beheerder-directeur-generaal)
2010
04-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment16 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment16 facts ▸
- General meeting, 2010-05-07
- Director resignation, Geuens Jos (bestuurder)
- Director resignation, Helsen Ludo (bestuurder)
- Director resignation, Wauters Lucien (bestuurder)
- Director reappointment, Geuens Jos (bestuurder)
- Director reappointment, Helsen Ludo (bestuurder)
- Director reappointment, Wauters Lucien (bestuurder)
- Board composition, Helsen Ludo (bestuurder)
- Board composition, Hofmans Lode (bestuurder)
- Board composition, Geuens Jos (bestuurder)
- Board composition, MANAP BVBA (bestuurder)
- Permanent representative, Philips Arthur
- +4 further facts in this act
2008
27-06
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment16 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment16 facts ▸
- General meeting, 2008-05-05
- Director resignation, Philips Arthur (bestuurder)
- Director appointment, MANAP BVBA (bestuurder)
- Permanent representative, Philips Arthur
- Board composition, Helsen Ludo (bestuurder)
- Board composition, Hofmans Lode (bestuurder)
- Board composition, Geuens Jos (bestuurder)
- Board composition, MANAP BVBA (bestuurder)
- Board composition, Vandeput Marc (bestuurder)
- Board composition, Van der Wildt Francy (bestuurder)
- Board composition, Vuylsteke de Laps Luc (bestuurder)
- Board composition, Wauters Lucien (bestuurder)
- +4 further facts in this act
2007
09-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment23 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment23 facts ▸
- General meeting, 2007-05-04
- Director resignation, Paulis Guy (bestuurder)
- Director resignation, Stevens Leo (bestuurder)
- Director resignation, Thys Edgar (bestuurder)
- Director appointment, Hofmans Lode (bestuurder)
- Director appointment, Vandeput Marc (bestuurder)
- Director appointment, Van der Wildt Francy (bestuurder)
- Director appointment, Vuylsteke de Laps Luc (bestuurder)
- Board composition, Helsen Ludo (bestuurder)
- Board composition, Hofmans Lode (bestuurder)
- Board composition, Geuens Jos (bestuurder)
- Board composition, Philips Arthur (bestuurder)
- +11 further facts in this act
2005
05-08
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment2 facts ▸
- General meeting, 2005-03-06
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
33 directors, no change since 2026
Maarten Bonnen
CurrentAfgevaardigd bestuurder · since 18-12-2025
Johan Sauwens
CurrentVoorzitter van de raad van bestuur · since 20-06-2025
Lawrence Vancraeyenest
CurrentDirector · since 20-06-2025
Nutsbedrijven Houdstermaatschappij CV
CurrentDirector · since 20-06-2025 · Legal entity · perm. rep.: Ludo Kelchtermans
Paul Verbeeck
CurrentChair · since 20-06-2025
VANCRAYENEST Lauwrence
CurrentBestuurder (ondervoorzitter) van de raad van bestuur · since 20-06-2025
+ 11 not shown in this overview
01-01-2026
Maarten Bonnen: Appointed as Afgevaardigd bestuurder
18-12-2025
Maarten Bonnen: Appointed as Director
20-06-2025
Johan Sauwens: Appointed as Voorzitter van de raad van bestuur
20-06-2025
Johan Sauwens: Appointed as Director
20-06-2025
Lawrence Vancraeyenest: Appointed as Director
20-06-2025
Nutsbedrijven Houdstermaatschappij CV: Appointed as Director
20-06-2025
Paul Verbeeck: Appointed as Chair
20-06-2025
Paul Verbeeck: Appointed as Director
20-06-2025
VANCRAYENEST Lauwrence: Appointed as Bestuurder (ondervoorzitter) van de raad van bestuur
19-06-2025
Lawrence Vancraeyenest: Resigned as Director
19-06-2025
Nutsbedrijven Houdstermaatschappij CV: Resigned as Director
19-06-2025
Paul Verbeeck: Resigned as Director
19-06-2025
Claessens Jos: Resigned as Director
19-06-2025
Cras Nico: Resigned as Director
19-06-2025
Jozef Geuens: Resigned as Director
19-06-2025
Ludo Helsen: Resigned as Director
19-06-2025
Marc Vandeput: Resigned as Director
19-06-2025
Weyns Katelijne: Resigned as Director
17-06-2022
Paul Verbeeck: Mandate renewed as Director
17-06-2022
Jos Geuens: Mandate renewed as Director
17-06-2022
Claessens Jos: Mandate renewed as Director
17-06-2022
Cras Nico: Mandate renewed as Director
17-06-2022
Ludo Helsen: Mandate renewed as Director
17-06-2022
Marc Vandeput: Mandate renewed as Director
+ 71 not shown in this overview
Location & real-estate footprint
Registered office, Geel · 1 establishment unit since 1991
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.
Cipalstraat 32440 GeelGround 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.
1 establishment unit
CIPAL NV
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
5 auditors| Moore AuditCurrent Statutory auditor | 19-06-2020 → present |
Show 4 earlier auditors
| Boudewijn VAN USSEL - Co. Statutory auditor · represented by Boudewijn VAN USSEL succeeded by Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren in 2014 | 29-06-2011 → 02-05-2014 |
| Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren Auditor · represented by Boudewijn Van Ussel succeeded by Moore Audit in 2020 | 02-05-2014 → 19-06-2020 |
| BVBA Boudewijn Van Ussel & C° Bedrijfsrevisoren Auditor · represented by Boudewijn Van Ussel succeeded by Boudewijn VAN USSEL - Co. in 2011 | 05-05-2008 → 29-06-2011 |
| Ernst & Young Bedrijfsrevisoren BCVBA Auditor succeeded by BVBA Boudewijn Van Ussel & C° Bedrijfsrevisoren in 2008 | 06-03-2005 → 05-05-2008 |
Structure & network
Connections & network
18 connected companiesLinked via shared directors
Network connections
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Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
CIPALBE 0442.802.030
Acquisitions and mergers
5 transactionsTaken over by:Brocade Library Services
Received a contribution from:CIPAL DV
Received a contribution from:CIPAI
Contributed a business line to:Woonpartners
Contributed a business line to:Brocade Library Services
Capital and shareholders
Capital increase of 6,500,000 EUR
Capital increase of 5,500,000 EUR
Capital increase of 2,600,000 EUR · 14,482 new shares
Recognitions · licences · registrations
Legal Entity Identifier
2549003L0M5YBBLXC294
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Of 16,887 companies in sector 62100 we hold annual accounts for 8,777. 181 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-12-1990
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@cipal.be
Business parks
1 parkOffers a parcel on business park:Technologiezone