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OPTION

Active
Public limited companyfounded 1986active for 40 yearsGeldenaaksebaan 329, 3001 Leuven, Belgium11 active companies are registered at this addressKBO/BCE: BE 0429.375.448
Summary

The computed 12-month bankruptcy probability of OPTION is 1.6% (moderate). The annual accounts of OPTION for financial year 2025 show a net loss of 201% of the equity at the start of that year. The 2025 annual accounts show equity of €1.4m and a net result of -€4.6m. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 20% of 889 sector peers (NACE 71, financial year 2025). The company has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals.

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OPTIONActiveChecked score 53/100
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Directors

Directors
5 directors, 1 in day-to-day management, no change since 2026

Board 5

DANDU Raju Satyanarayana
Non-executive director · since 06-11-2015
Current
MICHIELS INVEST EN MANAGEMENT BV
Non-executive director · since 20-06-2019 · Legal entity · permanent representative: Johan MICHIELS
Current
Luc BOEDT
Independent director · since 31-05-2022
Current
Geistesblizz GmbH
Independent director · since 01-02-2025 · Legal entity · permanent representative: Eva WIMMERS
Current
Nick Marcel VERMEERSCH
Independent director · since 10-09-2025
Current
10 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
An Other Look to Efficiency BVBA
Niet uitvoerend onafhankelijk bestuurder · since 09-09-2008 · Legal entity · permanent representative: Olivier Lefebvre
Not recently confirmed
Q List BVBA
Director · since 30-04-2012 · Legal entity · permanent representative: Philippe Vermeulen
Not recently confirmed
FDV Consult BVBA
Executive director · since 28-05-2014 · Legal entity · permanent representative: Frank Deschuytere
Not recently confirmed
Dimitri Duffeleer BVBA
Non-executive director · since 01-11-2014 · Legal entity · permanent representative: Dimitri Duffeleer
Not recently confirmed
Jinvest BVBA
Director · since 01-03-2016 · Legal entity · permanent representative: Jurgen Ingels
Not recently confirmed
Ben Cober
Director of engineering · since 01-06-2017
Not recently confirmed
Patrick Willekens
Sales director · since 01-06-2017
Not recently confirmed
Rudy Snoeks
Director of operations · since 01-06-2017
Not recently confirmed
NV Van Zele Holding
Director · since 20-06-2019 · Legal entity · permanent representative: Eric VAN ZELE
Not recently confirmed
CRESPО CONSULTANCY BV
Independent director · Legal entity · permanent representative: Lieve DECLERCQ
Not recently confirmed

Day-to-day management 1

NV Van Zele Holding
Managing director · since 25-09-2019 · Legal entity · permanent representative: Eric VAN ZELE
Current

Permanent representatives 2

Johan MICHIELS
Permanent representative · since 20-06-2019 · for MICHIELS INVEST EN MANAGEMENT BV
Current
Eva WIMMERS
Permanent representative · since 01-02-2025 · for Geistesblizz GmbH
Current
7 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
Olivier Lefebvre
Permanent representative · since 09-09-2008 · for An Other Look to Efficiency BVBA
Not recently confirmed
Philippe Vermeulen
Permanent representative · since 30-04-2012 · for Q List BVBA
Not recently confirmed
Frank Deschuytere
Permanent representative · since 28-05-2014 · for FDV Consult BVBA
Not recently confirmed
Dimitri Duffeleer
Permanent representative · since 01-11-2014 · for Dimitri Duffeleer BVBA
Not recently confirmed
Jurgen Ingels
Permanent representative · since 01-03-2016 · for Jinvest BVBA
Not recently confirmed
Eric VAN ZELE
Permanent representative · since 20-06-2019 · for NV Van Zele Holding
Not recently confirmed
Lieve DECLERCQ
Permanent representative · for CRESPО CONSULTANCY BV
Not recently confirmed

Statutory auditor 1

KPMG Réviseurs d'Entreprises
Statutory auditor · since 21-06-2023 · permanent representative: Raf COX
Current

Other functions 2

Edwin BEX
Cfo · since 01-06-2017
Not recently confirmed
Steve Theunissen
General counsel · since 01-06-2017
Not recently confirmed
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

49 people since 2005, 18 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
DANDU Raju Satyanarayana
  • Director, from 06-11-2015 to date
MICHIELS INVEST EN MANAGEMENT BV
  • Director, from 20-06-2019 to date
NV Van Zele Holding
  • Director, from 20-06-2019 not ended, last confirmed 27-12-2019
  • Managing director, from 25-09-2019 to date
Luc BOEDT
  • Independent director, from 31-05-2022 to date
Geistesblizz GmbH
  • Independent director, from 01-02-2025 to date
Nick Marcel VERMEERSCH
  • Independent director, from 10-09-2025 to date
KPMG Réviseurs d'Entreprises
  • Statutory auditor, from 21-06-2023 to date
An Other Look to Efficiency BVBA
  • Director, from 09-09-2008 not ended, last confirmed 11-07-2014
Q List BVBA
  • Director, from before 30-04-2012 not ended, last confirmed 24-09-2013
FDV Consult BVBA
  • Executive director, from 28-05-2014 not ended, last confirmed 11-07-2014
Dimitri Duffeleer BVBA
  • Non-executive director, from 01-11-2014 not ended, last confirmed 01-03-2016
Jinvest BVBA
  • Director, from 26-05-2015 to 26-01-2016
  • Independent director, from 01-03-2016 not ended, last confirmed 01-03-2016
Ben Cober
  • Director of engineering, from 01-06-2017 not ended, last confirmed 28-07-2017
Patrick Willekens
  • Sales director, from 01-06-2017 not ended, last confirmed 28-07-2017
Rudy Snoeks
  • Director of operations, from 01-06-2017 not ended, last confirmed 28-07-2017
CRESPО CONSULTANCY BV
  • Independent director, from 25-09-2019 to 31-05-2021
  • Independent director, from 25-09-2019 not ended, last confirmed 12-02-2020
Edwin BEX
  • Cfo, from 01-06-2017 not ended, last confirmed 28-07-2017
Steve Theunissen
  • General counsel, from 01-06-2017 not ended, last confirmed 28-07-2017
René EIJSERMANS
  • Director, until 22-01-2026
Marinus (René) EIJSERMANS
  • Director, from 06-02-2024 to 30-05-2025
SERVAL
  • Director, from 05-09-2023 to 31-01-2025
ADMODUM
  • Director, from 31-05-2021 to 25-10-2023
  • Independent director, until 05-08-2024
MANAGEMENT & ADVISORY SERVICES
  • Independent director, from 03-02-2023 to 25-10-2023
  • Independent director, until 05-08-2024
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
  • Auditor, from 27-12-2019 to 21-06-2023
S & S
  • Director, from 20-06-2019 to 22-12-2022
  • Independent director, until 21-06-2023
VARES
  • Director, from 31-05-2021 to 31-05-2022
CRESCEMUS
  • Director, from before 01-07-2016 to 31-05-2021
Liesbet VAN dER PERRE
  • Director, from 20-06-2019 to 31-05-2021
Deloitte bedrijfsrevisoren CVBA
  • Statutory auditor, from 28-10-2010 to 27-12-2019
Lieve DECLERCQ
  • Independent director, from 20-06-2019 to 30-08-2019
  • Independent director, until 25-09-2019
Eric Van Zele
  • Director, from before 01-07-2016 to 20-06-2019
  • Chair of the board, from 07-03-2017 ended, last mentioned 31-08-2018
  • Leiding uitvoerend managementcomité, from 01-06-2017 ended, last mentioned 28-07-2017
Lawrence Levy
  • Director, from before 30-04-2009 to 31-08-2018
Innoprove
  • Director, until 30-07-2018
  • Director, until 31-07-2018
Callewaert Jan
  • Director, from before 30-04-2009 to 20-02-2018
  • Managing director, until 21-10-2013
  • Gedelegeerd bestuurders/ceo, until 31-05-2017
  • Gedelegeerd bestuurders/ceo, until 31-05-2017
  • Director, until 20-02-2018
VERMEC
  • Non-executive director, from 01-07-2016 to 07-07-2017
MONDO
  • Gedelegeerd bestuurders/ceo, until 31-05-2017
BVBA FVDH BEHEER
  • Independent director, from 01-01-2011 to 27-05-2017
QUNOVA BVBA
  • Niet uitvoerend onafhankelijk bestuurder, from 28-05-2014 to 07-03-2017
  • Director, until 05-04-2017
Sabine Everaet
  • Niet uitvoerend onafhankelijk bestuurder, from 28-05-2014 to 12-07-2016
  • Director, until 12-07-2016
FDVV Consult BVBA
  • Chief executive officer (ceo) / dagelijks bestuur, from 21-10-2013 ended, last mentioned 19-12-2013
  • Director, until 09-03-2016
At Infinitum NV
  • Non-executive director, from 28-05-2014 to 01-11-2014
  • Director, until 01-03-2016
VINTEOR
  • Director, from 24-09-2014 to 01-09-2015
  • Director, until 01-09-2015
David Hytha
  • Independent director, from before 30-04-2009 to 20-07-2012
Arnoud De Meyer
  • Director, from before 30-04-2009 to 17-09-2010
Jan Loeber
  • Independent director, from before 30-04-2009 to 30-04-2010
Visinnova BVBA
  • Independent director, until 15-03-2010
Philip VERMEULEN
  • Independent director, until 09-09-2008
Alex BRABERS
  • Director, until 31-03-2005
Dirk BEEUSAERT
  • Director, until 31-03-2005
See the board, name and registered office on a given date →

Owners and capital

Owners

5 owners

Owners 5

According to the 2025 annual accounts of OPTION and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
After the capital increase act of 01-06-2015 ↗
After the capital increase act of 15-12-2014 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 22-01-2026 Capital increase of €5,141,370.85 · to €19,231,526.38
  2. 22-01-2026 Capital reduction of €17,697,239.30 · to €1,534,287.08 · aanzuivering overgedragen verliezen
  3. 22-01-2026 Capital reduction of €17,697,239.30 · to €1,534,287.08 · aanzuivering overgedragen verliezen
  4. 22-01-2026 Capital increase of €415,929.17 · to €1,950,216.25 · 540,571,428 new shares · in kind
  5. 12-07-2022 Capital increase of €597,894.80 · to €12,985,167.19 · in kind
  6. 12-07-2022 Capital increase of €1,104,988.34 · to €14,090,155.53 · in kind
  7. 05-04-2022 Capital increase of €391,349.33 · to €12,387,273.39 · in kind
  8. 21-10-2021 Capital increase of €740,925 · to €11,995,923.06
Show 22 older capital entries
  1. 05-07-2021 Capital increase of €158,384.54 · to €11,254,998.06
  2. 01-04-2021 Capital increase of €1,014,566 · to €11,096,613.52
  3. 22-03-2021 Capital increase of €180,000 · to €10,082,047.52
  4. 29-01-2020 Capital increase of €665,416.38 · to €4,523,318.74 · in kind
  5. 29-01-2020 Capital increase of €5,378,728.78 · to €9,902,047.52 · from reserves
  6. 02-07-2019 Capital reduction of €32,446,419 · to €3,857,902.36 · “aanzuivering van overgedragen verliezen”
  7. 19-06-2018 Capital increase of €11,300,116.81 · to €26,179,321.36 · in kind
  8. 19-06-2018 Capital increase of €10,125,000 · to €36,304,321.36 · in kind
  9. 27-07-2017 Capital increase of €5,823,200 · to €14,879,204.55 · in kind
  10. 22-03-2017 Capital increase of €4,133,877.25 · to €9,056,004.55 · 82,677,545 new shares · in kind
  11. 27-05-2016 Capital increase of €77,324.60 · to €4,922,127.30
  12. 06-07-2015 Capital increase of €87,719.25 · to €4,844,802.70 · 1,754,385 new shares
  13. 01-06-2015 Capital increase of €18,118.95 · to €4,757,083.45 · 362,379 new shares
  14. 15-12-2014 Capital increase of €175,438.55 · to €4,738,964.50 · 3,508,771 new shares
  15. 23-06-2014 Capital increase of €438,596.35 · to €4,563,525.95
  16. 12-12-2013 Capital increase of €58,943,800 · to €71,175,934.42 · “omzetting in het kapitaal van gezegd bedrag afgenomen van de rekening "Uitgiftepremies" en zonder uitgifte van nieuwe aandelen”
  17. 12-12-2013 Capital reduction of €67,051,004.82 · to €4,124,929.60 · “aanzuivering van de geleden verliezen per 31 december 2012 tot beloop van gezegd bedrag en zonder vermindering van het aantal aandelen”
  18. 08-01-2010 Capital increase of €6,116,067.21 · to €12,232,134.42
  19. 17-10-2005 Capital increase · to €6,116,067.21
  20. 25-10-2004 Capital stated in the deed · €5,993,954.91 · 10,105,354 shares
  21. 18-10-2004 Capital increase of €105,588.17 · to €5,948,954.91
  22. 23-07-2004 Capital increase · 26,513 new shares

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