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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 €62.7m and a net result of €101.4m. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 62% of 1453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
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 €100,000 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.
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Signals

Five 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
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 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 →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

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. Usually files around 12 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 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

History

CIPAL was incorporated on 19 December 1990.1 Between 2011 and 2022 the capital was increased 3 times, most recently to EUR 15 million.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 Revenue fell from EUR 18 million in 2018 to EUR 1 million in 2025 and headcount from 0.5 to 0.3 full-time equivalents.9

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

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Financials · fiscal year 2025, full schema

Turnover
€1.0m▼ 68.0%
2024 · €3.1m
EBIT margin
-532.5%▼ 539.2pp
2024 · 6.7%
Net result
€101.4m▲ 42,276%
2024 · €239,404
Working capital
€61.6m▲ 736%
2024 · €7.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€4.7m▼ 50.7%€4.7m▼ 0.3%€4.9m▲ 5.9%€3.1m▼ 36.4%€1.0m▼ 68.0%
Operating result€976,766▲ 25.6%€40,640▼ 95.8%€654,952▲ 1,512%€211,434▼ 67.7%-€5.3m
Net result€620,419above the sector's middle half▲ 17.8%€33,100within the sector's middle half▼ 94.7%€545,746above the sector's middle half▲ 1,549%€239,404above the sector's middle half▼ 56.1%€101.4mabove the sector's middle half▲ 42,276%
EBIT margin20.9%▲ 12.7pp0.9%▼ 20.0pp13.3%▲ 12.4pp6.7%▼ 6.5pp-532.5%▼ 539.2pp
Equity€19.9mabove the sector's middle half▲ 55.6%€19.0mabove the sector's middle half▼ 4.9%€18.5mabove the sector's middle half▼ 2.4%€17.7mabove the sector's middle half▼ 4.1%€62.7mabove the sector's middle half▲ 253%
Total assets€21.1mabove the sector's middle half▼ 8.0%€20.9mabove the sector's middle half▼ 1.2%€21.8mabove the sector's middle half▲ 4.7%€19.4mabove the sector's middle half▼ 11.4%€123.0mabove the sector's middle half▲ 536%
Debt€1.2m▼ 88.2%€1.9m▲ 59.9%€3.3m▲ 74.3%€1.6m▼ 51.8%€56.8m▲ 3,422%
Working capital€10.0mabove the sector's middle half▲ 0.4%€9.4mabove the sector's middle half▼ 6.3%€9.2mabove the sector's middle half▼ 2.3%€7.4mabove the sector's middle half▼ 19.6%€61.6mabove the sector's middle half▲ 736%
Solvency94.3%above the sector's middle half▲ 38.5pp90.8%above the sector's middle half▼ 3.5pp84.7%above the sector's middle half▼ 6.1pp91.7%above the sector's middle half▲ 7.0pp51.0%within the sector's middle half▼ 40.7pp
Current ratio9.34above the sector's middle half▲ 5.595.89above the sector's middle half▼ 3.453.74above the sector's middle half▼ 2.155.57above the sector's middle half▲ 1.832.09within the sector's middle half▼ 3.49
Return on assets (ROA)2.9%within the sector's middle half▲ 0.6pp0.2%within the sector's middle half▼ 2.8pp2.5%within the sector's middle half▲ 2.3pp1.2%within the sector's middle half▼ 1.3pp82.5%above the sector's middle half▲ 81.3pp
Staff (FTE)0.3below the sector's middle half
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€50.0m€0€50.0m€100.0mOperating result 2021: €976,766€976,766Net result 2021: €620,419€620,419Operating result 2022: €40,640€40,640Net result 2022: €33,100€33,100Operating result 2023: €654,952€654,952Net result 2023: €545,746€545,746Operating result 2024: €211,434€211,434Net result 2024: €239,404€239,404Operating result 2025: -€5.3m-€5.3mNet result 2025: €101.4m€101.4m20212022202320242025-€50m€0€50m€100mOperating result 2023: €654,952€655,000Net result 2023: €545,746€546,000Operating result 2024: €211,434€211,000Net result 2024: €239,404€239,000Operating result 2025: -€5.3m-€5.3mNet result 2025: €101.4m€101m202320242025
The operating result turns negative in 2025: a loss of €5.3m after €211,434 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123.0m
Fixed assets €4.7m ▼ 55.0%
Current assets €118.3m ▲ 1,218%
Equity and liabilities €123.0m
Equity €62.7m ▲ 253%
Provisions €3.5m
Debt €56.8m ▲ 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
-€5.2m▼
2024 · €412,536
Cash flow
€101.6m▲
2024 · €440,505
Debt to equity
0.91▲
2024 · 0.09
ROE
161.8%▲
2024 · 1.3%
Interest coverage
-341.32▼
2024 · 36.07
Debt ≤ 1 year
€56.7m▲
2024 · €1.6m
Income taxes
-€38,850▼
2024 · €83,349
Staff costs
€62,104
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 81 lines
Balance sheet Code20242025
Assets
Total assets20/58€19.4m€123.0m▲
Fixed assets21/28€10.4m€4.7m▼
Tangible fixed assets22/27€1.8m€1.8m▲
Land and buildings22€339,213€297,165▼
Plant, machinery and equipment23€5,815€3,961▼
Furniture and vehicles24€17,088€13,265▼
Other tangible fixed assets26€924,201€813,348▼
Assets under construction and advance payments27€537,511€701,042▲
Financial fixed assets28€8.5m€2.8m▼
Companies linked by participating interests282/3€7.0m€1.2m▼
Participating interests282€7.0m€1.2m▼
Other financial fixed assets284/8€1.6m€1.6m▲
Shares284€1.4m€1.6m▲
Amounts receivable and cash guarantees285/8€160,000-
Current assets29/58€9.0m€118.3m▲
Amounts receivable after more than one year29-€20.5m
Trade receivables290-€20.5m
Amounts receivable within one year40/41€427,324€723,953▲
Trade receivables40€370,699€413,215▲
Other amounts receivable41€56,624€310,737▲
Current investments50/53€3.8m€96.5m▲
Other investments51/53€3.8m€96.5m▲
Cash at bank and in hand54/58€4.8m€416,715▼
Deferred charges and accrued income490/1€9,421€156,990▲
Equity and liabilities
Total equity and liabilities10/49€19.4m€123.0m▲
Equity10/15€17.7m€62.7m▲
Contributions10/11€15.0m€15.0m=
Capital10€15.0m€15.0m=
Issued capital100€15.0m€15.0m=
Reserves13€2.7m€47.7m▲
Non-distributable reserves130/1€306,180€1.5m▲
Legal reserve130€306,180€1.5m▲
Distributable reserves133€2.4m€46.2m▲
Provisions and deferred taxes16-€3.5m
Provisions for liabilities and charges160/5-€3.5m
Other liabilities and charges164/5-€3.5m
Amounts payable17/49€1.6m€56.8m▲
Amounts payable within one year42/48€1.6m€56.7m▲
Trade debts44€326,258€181,450▼
Suppliers440/4€326,258€181,450▼
Taxes, remuneration and social security45€239,079€7,538▼
Taxes450/3€239,079-
Remuneration and social security454/9-€7,538
Other amounts payable47/48€1.0m€56.5m▲
Accrued charges and deferred income492/3-€44,213
Income statement Code20242025
Operating income70/76A€5.1m€1.8m▼
Turnover70€3.1m€1.0m▼
Other operating income74€2.0m€754,100▼
Operating charges60/66A€4.9m€7.1m▲
Goods for resale, raw materials and consumables60€2.8m€1,573▼
Purchases600/8€2.8m€1,573▼
Services and other goods61€1.9m€3.3m▲
Remuneration, social security and pensions62-€62,104
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€201,101€178,504▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€3.5m
Other operating charges640/8€1,078€46,293▲
Operating profit (loss)9901€211,434-€5.3m▼
Financial income75/76B€122,756€106.8m▲
Recurring financial income75€122,756€1.4m▲
Income from current assets751€122,756€1.4m▲
Other financial income752/9-€2,717
Non-recurring financial income76B-€105.4m
Financial charges65/66B€11,437€15,144▲
Recurring financial charges65€11,437€15,144▲
Other financial charges652/9€11,437€15,144▲
Profit (loss) for the period before taxes9903€322,753€101.4m▲
Income taxes67/77€83,349-€38,850▼
Taxes670/3€83,349€30▼
Tax adjustments and reversals of tax provisions77-€38,880
Profit (loss) for the period9904€239,404€101.4m▲
Transfer from tax-exempt reserves789€252,600-
Profit (loss) for the period to be appropriated9905€492,004€101.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€492,004€101.4m▲
Transfer from equity791/2€519,966€1.5m▲
From reserves792€519,966€1.5m▲
Transfer to equity691/2€11,970€46.4m▲
To the legal reserve6920€11,970€1.2m▲
To other reserves6921-€45.3m
Profit to be distributed694/7€1.0m€56.5m▲
Return on contributions (dividend)694€1.0m€56.5m▲
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.

Line20212022202320242025Change
Operating income70/76A€9.8m€8.5m€8.7m€5.1m€1.8m▼ 65.7%
Turnover70€4.7m€4.7m€4.9m€3.1m€1.0m▼ 68.0%
Other operating income74€5.1m€3.9m€3.7m€2.0m€754,100▼ 62.3%
Operating charges60/66A€8.8m€8.5m€8.0m€4.9m€7.1m▲ 44.4%
Goods for resale, raw materials and consumables60€4.4m€4.3m€4.6m€2.8m€1,573▼ 99.9%
Purchases600/8€4.4m€4.3m€4.6m€2.8m€1,573▼ 99.9%
Services and other goods61€4.2m€3.8m€3.1m€1.9m€3.3m▲ 70.7%
Remuneration, social security and pensions62----€62,104-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€259,285€328,885€316,229€201,101€178,504▼ 11.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€495-€5,960€0---
Provisions for liabilities and charges: additions (uses and reversals)635/8----€3.5m-
Other operating charges640/8€1,000€9,689€929€1,078€46,293▲ 4,193%
Operating profit (loss)9901€976,766€40,640€654,952€211,434-€5.3m▼ 2,629%
Financial income75/76B€986€17,112€87,843€122,756€106.8m▲ 86,880%
Recurring financial income75€986€8,287€87,843€122,756€1.4m▲ 1,054%
Income from financial fixed assets750€445€4€0---
Income from current assets751€541€5,382€87,748€122,756€1.4m▲ 1,052%
Other financial income752/9-€2,902€95-€2,717-
Non-recurring financial income76B-€8,825€0-€105.4m-
Financial charges65/66B€149,381€16,176€14,350€11,437€15,144▲ 32.4%
Recurring financial charges65€149,381€16,176€14,350€11,437€15,144▲ 32.4%
Debt charges650€134,257€30€0---
Other financial charges652/9€15,123€16,145€14,350€11,437€15,144▲ 32.4%
Profit (loss) for the period before taxes9903€828,371€41,576€728,445€322,753€101.4m▲ 31,320%
Income taxes67/77€207,952€8,476€182,699€83,349-€38,850▼ 147%
Taxes670/3€207,952€8,476€182,699€83,349€30▼ 100.0%
Tax adjustments and reversals of tax provisions77----€38,880-
Profit (loss) for the period9904€620,419€33,100€545,746€239,404€101.4m▲ 42,276%
Transfer from tax-exempt reserves789---€252,600--
Profit (loss) for the period to be appropriated9905€620,419€33,100€545,746€492,004€101.4m▲ 20,520%
Line20212022202320242025Change
Assets
Total assets20/58€21.1m€20.9m€21.8m€19.4m€123.0m▲ 536%
Fixed assets21/28€9.9m€9.6m€9.3m€10.4m€4.7m▼ 55.0%
Tangible fixed assets22/27€2.0m€1.9m€1.7m€1.8m€1.8m▲ 0.3%
Land and buildings22€482,451€434,705€386,959€339,213€297,165▼ 12.4%
Plant, machinery and equipment23€391,672€257,763€10,508€5,815€3,961▼ 31.9%
Furniture and vehicles24€33,809€23,102€26,345€17,088€13,265▼ 22.4%
Other tangible fixed assets26€908,563€867,520€920,347€924,201€813,348▼ 12.0%
Assets under construction and advance payments27€163,610€305,793€309,713€537,511€701,042▲ 30.4%
Financial fixed assets28€7.9m€7.7m€7.7m€8.5m€2.8m▼ 66.8%
Companies linked by participating interests282/3€7.5m€7.0m€7.0m€7.0m€1.2m▼ 82.1%
Participating interests282€7.5m€7.0m€7.0m€7.0m€1.2m▼ 82.1%
Other financial fixed assets284/8€464,754€702,637€702,637€1.6m€1.6m▲ 1.1%
Shares284€464,754€702,637€702,637€1.4m€1.6m▲ 12.6%
Amounts receivable and cash guarantees285/8---€160,000--
Current assets29/58€11.2m€11.3m€12.5m€9.0m€118.3m▲ 1,218%
Amounts receivable after more than one year29----€20.5m-
Trade receivables290----€20.5m-
Amounts receivable within one year40/41€982,936€668,743€2.0m€427,324€723,953▲ 69.4%
Trade receivables40€871,378€651,625€2.0m€370,699€413,215▲ 11.5%
Other amounts receivable41€111,558€17,118€2,069€56,624€310,737▲ 449%
Current investments50/53€3.8m€3.8m€4.8m€3.8m€96.5m▲ 2,467%
Other investments51/53€3.8m€3.8m€4.8m€3.8m€96.5m▲ 2,467%
Cash at bank and in hand54/58€6.4m€6.8m€5.8m€4.8m€416,715▼ 91.3%
Deferred charges and accrued income490/1€66,081€20,480€18,390€9,421€156,990▲ 1,566%
Equity and liabilities
Total equity and liabilities10/49€21.1m€20.9m€21.8m€19.4m€123.0m▲ 536%
Equity10/15€19.9m€19.0m€18.5m€17.7m€62.7m▲ 253%
Contributions10/11€15.0m€15.0m€15.0m€15.0m€15.0m=
Capital10€15.0m€15.0m€15.0m€15.0m€15.0m=
Issued capital100€15.0m€15.0m€15.0m€15.0m€15.0m=
Reserves13€4.9m€4.0m€3.5m€2.7m€47.7m▲ 1,642%
Non-distributable reserves130/1€265,268€266,923€294,210€306,180€1.5m▲ 390%
Legal reserve130€265,268€266,923€294,210€306,180€1.5m▲ 390%
Tax-exempt reserves132€252,600€252,600€252,600---
Distributable reserves133€4.4m€3.4m€3.0m€2.4m€46.2m▲ 1,800%
Provisions and deferred taxes16----€3.5m-
Provisions for liabilities and charges160/5----€3.5m-
Other liabilities and charges164/5----€3.5m-
Amounts payable17/49€1.2m€1.9m€3.3m€1.6m€56.8m▲ 3,422%
Amounts payable within one year42/48€1.2m€1.9m€3.3m€1.6m€56.7m▲ 3,419%
Trade debts44€957,576€878,372€2.1m€326,258€181,450▼ 44.4%
Suppliers440/4€957,576€878,372€2.1m€326,258€181,450▼ 44.4%
Taxes, remuneration and social security45€207,121€9,309€211,819€239,079€7,538▼ 96.8%
Taxes450/3€207,121€8,448€211,819€239,079--
Remuneration and social security454/9-€861€0-€7,538-
Other amounts payable47/48€36,240€1.0m€1.0m€1.0m€56.5m▲ 5,303%
Accrued charges and deferred income492/3----€44,213-
Line20212022202320242025Change
Profit (loss) for the period9904€620,419€33,100€545,746€239,404€101.4m▲ 42,276%
+ Depreciation and write-downs630€259,285€328,885€316,229€201,101€178,504▼ 11.2%
Operating cash flow (approximation)€879,704€361,985€861,975€440,505€101.6m▲ 22,971%
Investment in fixed assets (approximation)-€10,629-€81,217-€1.2m€5.5m▲ 547%
Change in cash-€450,750-€1.1m-€982,432-€4.4m▼ 345%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

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 2018net €101.4m ▲42,276%
Net result €101.4m, the highest in the series.
31-12
Financial Equity above €50mEq €62.7m ▲253%
7 profitable years in a row build equity to €62.7m.
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 €33,100 ▼94.7%
Net result drops to €33,100, 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 €3.6m to €1.2m.
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
8 directors, 1 in day-to-day management, no change since 2026

Board 8

Johan Sauwens
Chair of the board · since 01-09-2026 · Director · since 20-06-2025
Current
Paul Verbeeck
Chair · since 20-06-2025 · Director · since 20-06-2025
Current
Jos Geuens
Vice-chair · since 13-10-2017 · Director · since 07-05-2010
Current
NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
Soort b bestuurder · since 14-01-2022 · Cooperative company · perm. rep.: KELCHTERMANS Ludo
Current
Lawrence Vancraeyenest
Director · since 20-06-2025
Current
Nutsbedrijven Houdstermaatschappij CV
Director · since 20-06-2025 · Legal entity · perm. rep.: Ludo Kelchtermans
Current
Maarten Bonnen
Director · since 18-12-2025
Current
VANCRAYENEST Lauwrence
Bestuurder (ondervoorzitter) van de raad van bestuur · since 01-09-2026
Current
6 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Geuens Jozef Petrus Corneel Maria
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
Wauters Lucien Jean Félix
Director · since 29-06-2011
Not recently confirmed

Day-to-day management 1

Maarten Bonnen
Afgevaardigd bestuurder · since 01-01-2026
Current

Permanent representatives 1

Ludo Kelchtermans
Permanent representative · since 20-06-2025 · for Nutsbedrijven Houdstermaatschappij CV
Current

Statutory auditor 1

Moore Audit
Statutory auditor · since 19-06-2020
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
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
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

33 people since 2005, 15 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Jos Geuens
  • Director, already before 07-05-2010 to date
  • Vice-chair, from 13-10-2017 not ended, last confirmed 20-12-2017
Paul Verbeeck
  • Director, from 21-12-2021 to date
  • Chair, from 20-06-2025 to date
NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
  • Soort b bestuurder, from 14-01-2022 to date
Lawrence Vancraeyenest
  • Director, already before 19-06-2025 to date
Nutsbedrijven Houdstermaatschappij CV
  • Director, already before 19-06-2025 to date
Johan Sauwens
  • Director, from 20-06-2025 to date
  • Chair of the board, from 01-09-2026 to date
Maarten Bonnen
  • Director, from 18-12-2025 to date
  • Afgevaardigd bestuurder, from 01-01-2026 to date
VANCRAYENEST Lauwrence
  • Bestuurder (ondervoorzitter) van de raad van bestuur, from 01-09-2026 to date
Moore Audit
  • Statutory auditor, from 19-06-2020 to date
Geuens Jozef Petrus Corneel Maria
  • Director, already before 29-06-2011 not ended, last confirmed 14-07-2017
HELSN Ludo Thomas Angele
  • Director, already before 29-06-2011 not ended, last confirmed 19-07-2011
HOFMANS Lodewijk Jozef Amandus Maria
  • Director, already before 29-06-2011 not ended, last confirmed 19-07-2011
VAN der WILDT Francy Maria Camille
  • Director, already before 29-06-2011 not ended, last confirmed 19-07-2011
VUYLSTEKE de Laps Luc Joseph Simon
  • Director, already before 29-06-2011 not ended, last confirmed 19-07-2011
Wauters Lucien Jean Félix
  • Director, already before 29-06-2011 not ended, last confirmed 14-07-2017
Claessens Jos
  • Director, from 23-06-2017 to 19-06-2025
Jozef Geuens
  • Director, until 19-06-2025
Ludo Helsen
  • Chair, from 01-06-2007 ended, last mentioned 20-12-2017
  • Director, already before 07-05-2010 to 19-06-2025
Marc Vandeput
  • Director, from 04-05-2007 to 19-06-2025
  • Vice-chair, from 01-06-2007 ended, last mentioned 20-12-2017
Nico Leo CRAS
  • Beheerder directeur generaal, from 21-01-2011 ended, last mentioned 20-12-2017
  • Director, from 09-02-2011 to 19-06-2025
Weyns Katelijne
  • Director, from 23-06-2017 to 19-06-2025
Wim Dries
  • Director, from 17-02-2020 to 21-12-2021
Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren
  • Auditor, from 05-05-2008 to 19-06-2020
Wauters Lucien
  • Secretary, from 01-06-2007 ended, last mentioned 15-09-2011
  • Director, already before 07-05-2010 to 17-02-2020
Hofmans Lode
  • Director, from 04-05-2007 to 19-06-2015
  • Vice-chair, from 01-06-2007 ended, last mentioned 15-09-2011
Luc Vuylsteke de Laps
  • Director, from 04-05-2007 to 02-05-2014
VAN DER WILDT Francy
  • Director, from 04-05-2007 to 15-10-2013
  • Vice-chair, from 01-06-2007 ended, last mentioned 15-09-2011
  • Director and vice-chair, until 13-12-2013
MANAP
  • Director, from 05-05-2008 to 09-02-2011
  • Bestuurder directeur generaal, from 16-05-2008 ended, last mentioned 27-06-2008
Philips Arthur
  • Bestuurder directeur generaal, from 01-06-2007 to 21-01-2011
  • Director, until 05-05-2008
Ernst & Young Bedrijfsrevisoren BCVBA
  • Auditor, from 06-03-2005 to 05-05-2008
Paulis Guy
  • Director, until 04-05-2007
Stevens Leo
  • Director, until 04-05-2007
Thys Edgar
  • Director, until 04-05-2007
See the board, name and seat on a given date →

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.

Structure & network

Owners and holdings

3 owners · 3 holdings

Chain of control

  1. CIPAL 90%
  2. CIPAL

Highest known parent: CIPAL. The sources do not say who stands above it.

Owners 3

Holdings 3

According to the 2025 annual accounts of CIPAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

21 connected companies
Linked via shared directors
LijnCom
via Jos Geuens · Director
former→
OFP Prolocus
via Jos Geuens · Director
former→
CAMPUS ENERGYVILLE
Shared director
→
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Shared director
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KMO-ASSIST SPK
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REMMICOM
Shared director
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Zorggroep Annendael
Shared director
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3E
Shared corporate director
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Belgian Offshore Platform
Shared corporate director
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Luminus Solutions
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NOAK-PV
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NUTERRA
Shared corporate director
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Otary RS
Shared corporate director
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V.M.I. Engineering and Contracting
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Z-KRACHT
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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
  1. 06-01-2022 Capital increase of 6,500,000 EUR · to 15,003,000 EUR · in kind
  2. 07-01-2014 Capital increase of 5,500,000 EUR · to 8,503,000 EUR · 31,377 new shares
  3. 19-07-2011 Capital increase of 2,600,000 EUR · to 3,003,000 EUR · 14,482 new shares · in kind
  4. 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

Of 16,913 companies in this sector we hold annual accounts for 8,787. 180 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded19-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Contact
E-mail info@cipal.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0442802030
Also 9925:BE0442802030

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Business parks

1 park
Offers a parcel on business park:Technologiezone
Geel

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