CIPAL
ActiveSummary
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).
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Signals
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)
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
- 1Crossroads Bank for Enterprises
- 2Belgian State Gazette, 19-07-2011
- 3Belgian State Gazette, 07-01-2014
- 4Belgian State Gazette, 06-01-2022
- 5Belgian State Gazette, 27-06-2014
- 6Belgian State Gazette, 28-06-2017
- 7Belgian State Gazette, 23-10-2014
- 8Belgian State Gazette, 24-10-2022
- 9National Bank, annual accounts 2018 and 2025
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Financials · fiscal year 2025, full schema
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).
Peer companies
Historical observationOf 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
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%.
| 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
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)
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)
21-10
State Gazette act
Resignations: Ludo Helsen, Nico Cras and 7 othersAppointments: 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
24-10
State Gazette act
Reappointments: Helsen Ludo, Cras Nico and 5 others16 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
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
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
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
20-12
State Gazette act
Appointments: Ludo Helsen, Marc Vandeput and 3 others6 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 othersReappointment: 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
28-06
State Gazette act
Statutes amendmentName change · Power of attorney4 facts ▸
- General meeting, 08-06-2017
- Name change, CIPAL
- Statutes amendment
- Power of attorney, CIPAL IT Solutions
01-02
State Gazette act
MiscellaneousPower 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
29-01
State Gazette act
Statutes amendmentDemerger · 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
25-11
State Gazette act
RestructuringDemerger2 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 officeRegistered-office move2 facts ▸
- Board meeting, 12-09-2014
- Registered-office move, Bell Telephonelaan 2 A, 2440 Geel
27-06
State Gazette act
Statutes amendmentName 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
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
MiscellaneousMerger2 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 & sharesDemerger · Notary2 facts ▸
- Demerger
- Notary, Geassocieerd notaris
15-09
State Gazette act
Appointments: Ludo Helsen, Lucien Wauters and 4 others8 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 & sharesDemerger · 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
RestructuringDemerger1 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)
04-08
State Gazette act
Resignations: Geuens Jos, Helsen Ludo and Wauters LucienReappointments: 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
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
09-08
State Gazette act
Resignations: Paulis Guy, Stevens Leo and Thys EdgarAppointments: 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
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
Directors · office · real estate
Board 8
6 not recently confirmed
Day-to-day management 1
Permanent representatives 1
Statutory auditor 1
1 establishment unit
2 parcels
| 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
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- Other function
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Jos Geuens |
|
| Paul Verbeeck |
|
| NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ |
|
| Lawrence Vancraeyenest |
|
| Nutsbedrijven Houdstermaatschappij CV |
|
| Johan Sauwens |
|
| Maarten Bonnen |
|
| VANCRAYENEST Lauwrence |
|
| Moore Audit |
|
| Geuens Jozef Petrus Corneel Maria |
|
| HELSN Ludo Thomas Angele |
|
| HOFMANS Lodewijk Jozef Amandus Maria |
|
| VAN der WILDT Francy Maria Camille |
|
| VUYLSTEKE de Laps Luc Joseph Simon |
|
| Wauters Lucien Jean Félix |
|
| Claessens Jos |
|
| Jozef Geuens |
|
| Ludo Helsen |
|
| Marc Vandeput |
|
| Nico Leo CRAS |
|
| Weyns Katelijne |
|
| Wim Dries |
|
| Burg. BVBA Boudewijn Van Ussel - C° Bedrijfsrevisoren |
|
| Wauters Lucien |
|
| Hofmans Lode |
|
| Luc Vuylsteke de Laps |
|
| VAN DER WILDT Francy |
|
| MANAP |
|
| Philips Arthur |
|
| Ernst & Young Bedrijfsrevisoren BCVBA |
|
| Paulis Guy |
|
| Stevens Leo |
|
| Thys Edgar |
|
Articles of association
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 holdingsChain of control
- CIPAL
- CIPAL
Highest known parent: CIPAL. The sources do not say who stands above it.
Owners 3
- CIPALparent90%
-
10%
-
10%
Holdings 3
- Sourceown accounts 202549%
-
16.66%
-
10%
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 companiesShow 17 more companies with a shared director
Acquisitions and mergers
4 transactionsCapital and shareholders
- 06-01-2022 Capital increase of 6,500,000 EUR · to 15,003,000 EUR · in kind
- 07-01-2014 Capital increase of 5,500,000 EUR · to 8,503,000 EUR · 31,377 new shares
- 19-07-2011 Capital increase of 2,600,000 EUR · to 3,003,000 EUR · 14,482 new shares · in kind
- 01-03-2011 Capital stated in the act · 403,000 EUR
Recognitions · licences · registrations
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Company details
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Register as of 30 September 2026 · Peppol Directory
Business parks
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