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CIPAL

Active
Public limited companyfounded 1990active for 35 yearsCipalstraat 3, 2440 Geel, Belgium12 active companies are registered at this addressKBO/BCE: BE 0442.802.030
Summary

CIPAL has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62.7m and a net result of €101.4m. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 62% of 1,657 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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CIPALActiveChecked score 91/100
Risk analysis ReportCompare

History

CIPAL was incorporated on 19 December 1990.1 Between 2011 and 2022 the capital was increased 3 times, most recently to €15.0m.234 The name was changed to CIPAL IT Solutions in 2014 and to CIPAL in 2017.56 The registered office was moved to Geel in 2014.7 The board currently has 8 members; Jos Geuens has served longest, since 2010.8 Turnover fell from €17.6m in 2018 to €1.0m in 2025 and headcount from 0.5 to 0.3 full-time equivalents.9

  1. 1KBO register
  2. 2Belgian Official Gazette, 19-07-2011
  3. 3Belgian Official Gazette, 07-01-2014
  4. 4Belgian Official Gazette, 06-01-2022
  5. 5Belgian Official Gazette, 27-06-2014
  6. 6Belgian Official Gazette, 28-06-2017
  7. 7Belgian Official Gazette, 23-10-2014
  8. 8Belgian Official Gazette, 24-10-2022
  9. 9National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
01-09
Gazette deed 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
financial year 2025 · full format
13-03
Gazette deed Appointments: Maarten Bonnen (director) and Maarten Boonen (afgevaardigd bestuurder)
4 facts ▸
  • General meeting, 18-12-2025
  • Director appointment, Maarten Bonnen (director)
  • Board meeting, 18-12-2025
  • Director appointment, Maarten Boonen (afgevaardigd bestuurder)
2025
31-12
Financial Highest result from 2018 to 2025net €101.4m ▲42,276%
Net result €101.4m, the highest in the series.
31-12
Financial Equity above €50mequity €62.7m ▲253%
A profit in every financial year since 2018 builds equity to €62.7m.
21-10
Gazette deed Resignations: Ludo Helsen, Nico Cras and 7 others
Permanent representative: Ludo Kelchtermans · Appointments: Johan Sauwens, Paul Verbeeck and 2 others15 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)
  • Permanent representative, Ludo Kelchtermans (2 times)
  • Director appointment, Johan Sauwens (director)
  • +3 further facts in this act
14-07
NBB filing Annual accounts filed
financial year 2024 · full format
2024
05-07
NBB filing Annual accounts filed
financial year 2023 · full format
2023
01-08
NBB filing Annual accounts filed
financial year 2022 · full format · 1 day late
2022
31-12
Financial Weakest financial yearnet €33,100 ▼94.7%
Net result drops to €33,100, the lowest in the series; recovery starts the following year.
24-10
Gazette deed 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
financial year 2021 · full format
Show earlier events
26-01
Gazette deed Appointment: NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ (soort b bestuurder)
Permanent representative: KELCHTERMANS Ludo · Amendment of the articles · Mandate compensation15 facts ▸
  • General meeting, 14-01-2022
  • Board meeting, 27-10-2021
  • Amendment of the articles
  • 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
Gazette deed 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” (deed in Dutch)
  • 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 more than doubledcurrent ratio 9.34
Current ratio from 3.75 to 9.34; short-term debt falls from €3.6m to €1.2m.
09-07
NBB filing Annual accounts filed
financial year 2020 · full format
06-07
Gazette deed 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
financial year 2019 · full format
21-02
Gazette deed Resignation: Lucien WAUTERS (director)
Appointment: Wim Dries (director) · Registered-office move · Amendment of the articles8 facts ▸
  • General meeting, 17-02-2020
  • Registered-office move, 2440 Geel, Cipalstraat 3
  • Amendment of the articles
  • 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
financial year 2018 · full format
2018
09-07
NBB filing Annual accounts filed
financial year 2017 · full format
2017
20-12
Gazette deed 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
Gazette deed 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
financial year 2016 · full format
28-06
Gazette deed Amendment of the articles · Name
Name change · Power of attorney4 facts ▸
  • General meeting, 08-06-2017
  • Name change, CIPAL
  • Amendment of the articles
  • Power of attorney, CIPAL IT Solutions
2016
06-09
Gazette deed Miscellaneous
01-02
Gazette deed Miscellaneous
Power of attorney3 facts ▸
  • Board meeting, 11-12-2015
  • Power of attorney, Ilse Daems
  • Power of attorney, Karen Verwimp
01-02
Gazette deed 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 (deed in Dutch)
2015
29-01
Gazette deed Amendment of the articles
Demerger · Accounting effect3 facts ▸
  • Demerger, “Overdracht ten bezwarende titel van de bedrijfsafdeling 'Huisvestingsmaatschappijen' (software Prometheus en Prometheus web)” (deed in Dutch)
  • Demerger, “Overdracht ten bezwarende titel van de bedrijfsafdeling 'Huisvestingsmaatschappijen' (software Sociopack)” (deed in Dutch)
  • Accounting effect, 01-01-2015
2014
25-11
Gazette deed Restructuring
Demerger1 fact ▸
  • Demerger, “overdracht van bedrijfstakken” (deed in Dutch) (2 times)
05-11
Gazette deed 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” (deed in Dutch)
23-10
Gazette deed 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
Gazette deed Registered office
Registered-office move2 facts ▸
  • Board meeting, 12-09-2014
  • Registered-office move, Bell Telephonelaan 2 A, 2440 Geel
27-06
Gazette deed Amendment of the articles · Name
Name change · Power of attorney4 facts ▸
  • General meeting, 13-06-2014
  • Name change, CIPAL IT Solutions
  • Amendment of the articles (3 times)
  • Power of attorney, Bart van de KERKHOF
07-01
Gazette deed Resignation: VAN dER WILDT Francy (director and vice-chair)
Capital increase · Bank account · Amendment of the articles7 facts ▸
  • General meeting, 13-12-2013
  • Capital increase, €5,500,000
  • Bank account, “NV KBC Bank”, 2200000.00 (deed in Dutch)
  • Amendment of the articles (2 times)
  • Director resignation, VAN dER WILDT Francy (director and vice-chair)
  • Board composition, 7, 15-10-2013
  • Decision, “niet in vervanging voorzien” (deed in Dutch)
2013
19-12
Gazette deed 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 (deed in Dutch)
08-08
Gazette deed 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” (deed in Dutch)
28-06
Gazette deed Capital & shares
Demerger · Notary2 facts ▸
  • Demerger
  • Notary, “Geassocieerd notaris” (deed in Dutch)
2011
15-09
Gazette deed 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
Gazette deed 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 · Approval34 facts ▸
  • General meeting, 29-06-2011
  • Auditor reappointment, BOUDEWIJN VAN USSEL-C. (statutory auditor)
  • Approval, “Goedkeuring voorstel van overdracht van bedrijfstak” (deed in Dutch)
  • 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…” (deed in Dutch)
  • Amendment of the articles (2 times)
  • 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)
  • Director resignation, VAN der WILDT Francy Maria Camille (director)
  • +22 further facts in this act
19-07
Gazette deed Capital & shares
Demerger · Accounting effect · Share issue5 facts ▸
  • Board meeting, 24-06-2011 (2 times)
  • Demerger, “Overdracht ten bezwarende titel van de bedrijfstak 'Activiteiten voor niet-deelnemers'” (deed in Dutch)
  • Accounting effect, 01-04-2011
  • Share issue, “Nieuw uit te geven aandelen CIPAL NV als onvoorwaardelijk vast gedeelte van de vergoeding” (deed in Dutch)
  • Compensation, “Voorwaardelijk en variabel gedeelte in cash als onderdeel van de vergoeding voor de overdracht van de bedrijfstak” (deed in Dutch)
27-05
Gazette deed 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
Gazette deed Restructuring
Demerger1 fact ▸
  • Demerger, CIPAI
01-03
Gazette deed 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
  • Amendment of the articles
  • Capital, €403,000
  • Shares, 2650, 1/2650
15-02
Gazette deed 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
Gazette deed 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
Gazette deed 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
Gazette deed 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
Gazette deed Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
2 facts ▸
  • General meeting, 06-03-2005
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 39 annual accounts filed, the latest 10 are here; all 39 are under Financials.
35 of 35 deeds read

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