Financials
Financial year 2025
C-smart from Geel, company number BE0219395192, closed financial year 2025 with a result of € 441,362 after tax. For that financial year C-smart recorded revenue of € 2.6 million and equity of € 16.2 million. Compared with financial year 2024, the result moved from € 2 million to € 441,362. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 16.2 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 441,362
▼ 78% vs 2024
Profit after tax over the fiscal year.
€ 5.1 million
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -4.3 million.
People and assets in 2025
19.8
▼ 3.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.8 million
▼ 7% vs 2024
€ 192,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 3.3 million
▼ 12% vs 2024
€ 443,637 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 440,349
▲ 109% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
€ 547,093
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,010,747 | € 5,838,690 | € 3,764,587 | € 2,561,663 | ▼ 32% |
| Profit after taxes | € -16,644,710 | € 656,031 | € 1,981,190 | € 441,362 | ▼ 78% |
| Equity | € 15,165,443 | € 15,822,974 | € 15,775,331 | € 16,222,568 | ▲ 3% |
| Total debts | € 7,302,059 | € 6,882,711 | € 5,259,557 | € 4,818,326 | ▼ 8% |
| Cash | € 6,395,086 | € 6,450,970 | € 9,887,100 | € 5,062,806 | ▼ 49% |
| Land & buildings | € 5,548,229 | € 5,326,567 | € 5,121,956 | € 4,912,833 | ▼ 4% |
| Retained profit | € -7,343,763 | € -6,687,732 | € -4,706,542 | € -4,265,181 | ▲ € 441,362 |
| Bank debt | € 4,648,351 | € 4,183,479 | € 3,717,043 | € 3,272,509 | ▼ 12% |
| Balance sheet total | € 55,401,140 | € 55,417,235 | € 52,915,482 | € 52,907,250 | |
| Employees (FTE) | 23.8 | 23 | 23.2 | 19.8 | ▼ 3.4 |
Key figures of C-smart, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to C-smart?
What happened at C-smart in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lawrence Vancraeyenest stepped down as director. NBB
- Sofie Vandeweerd stepped down as director. NBB
- Dieter Wijckmans stepped down as director. NBB
- Johan Sauwens stepped down as director. NBB
- Tine Paredis stepped down as director. NBB
- Kelly Verheyen stepped down as director. NBB
- Peter Nies stepped down as director. NBB
- Charlotte Beyers stepped down as director. NBB
In short
From € 16.6 million loss in 2022 to € 441,362 profit in 2025.
Paid € 7,824 in corporate taxes since 2022.
Best year ever: 2024, with € 2 million profit.
Pays suppliers within 85 days on average.
Management
The stake of VLOTTER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
C-smartThe shares are held by VLOTTER (0.7%). It owns 90% of CIPAL, 20.5% of Vlaams Selectiecentrum voor het Overheidspersoneel, Fairville and SC One itself.
Directors
According to the 2025 annual accounts
since 2019 · until 2025
Lieven Janssens
Director
Also active at: Vereniging van Vlaamse Steden en Gemeenten, Steunpunt voor Bovenlokale Cultuur, Workroom
since 2019 · until 2025
Sien Jacques
Director
since 2019 · until 2025
since 2019 · until 2031
Francis Stijnen
Director
Also active at: Autonoom Gemeentebedrijf voor infrastructuur- en patrimoniumbeheer Turnhout
since 2019 · until 2025
since 2019 · until 2025
Sofie Vandeweerd
Vice-chairman of the board
since 2019 · until 2031
Karolien Eens
Director
since 2019 · until 2025
since 2025 · until 2031
Johan Sauwens
Chairman of the board
since 2025 · until 2031
Tine Paredis
Director
Also active at: Intercommunale Vereniging voor Vuilverwijdering voor Vilvoorde en Omliggende, Inter Vilvoordse Maatschappij voor Huisvesting, Toerisme Vlaams-Brabant, 3Wplus - wonen, werken en welzijn in Halle-Vilvoorde, 3WPLUS WERK, VENTUM&green, 3Wplus Energie, AUTONOOM GEMEENTEBEDRIJF VILVOORDE +1 more
since 2025 · until 2031
Kelly Verheyen
Director
Also active at: WOONBOOG, VELDEKENSHOF FEESTSERVICE, BLAIRON, eerstelijnszone Kempenland, Autonoom Gemeentebedrijf voor infrastructuur- en patrimoniumbeheer Turnhout
since 2025 · until 2031
since 2024 · until 2031
since 2019 · until 2025
since 2025 · until 2031
since 2019 · until 2025
Greet Geypen
Vice-chairman of the board
Also active at: Intercommunale voor Ontwikkeling van het Gewest Mechelen en Omgeving, FLUVIUS ZENNE-DIJLE, FLANDERS TECHNOLOGY INTERNATIONAL, TECHNOPOLIS, Fluvius System Operator, Autonoom Gemeentebedrijf Mechelen Actief in Cultuur, Mechelen Morgen, Mechelen Feest
since 2019 · until 2025
Dymfna Meynen
Director
since 2025 · until 2031
Paul Verbeeck
Chairman of the board
Also active at: FLUVIUS Antwerpen, Woonschakel Berg en Nete, CIPAL, VLAAMS SELECTIECENTRUM VOOR HET OVERHEIDSPERSONEEL C.V.B.A."TEVENS GENAAMD 'JOBPUNT VLAANDEREN' EN/ OF 'POOLSTOK', AUTONOOM GEMEENTEBEDRIJF NIJLEN
since 2019 · until 2025
Pietro Iacopucci
Director
Also active at: Elk Zijn Huis, Woonmaatschappij VIVUS, Centrum voor Informatica – Oplossingen – Ondersteuning – Overheid, Cultuurcentrum De Schakel VZW
since 2025 · until 2031
Dieter Mannaert
Director
since 2019 · until 2031
since 2019 · until 2025
Inge Van Goubergen
Vice-chairman of the board
since 2025 · until 2031
Vandromme Jeroen
Director
since 2022 · until 2031
since 2025 · until 2031
since 2025 · until 2031
Brughmans Bart
Director
since 2025 · until 2031
Shareholders
0.7%
Participations
Establishments
Establishment units
Physical locations of this company
Cipalstraat 3
2440 Geel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Vriendenkring Cipal Schaubroeck
CIPAL same network
€ 1 million revenue · 2025
Magics Technologies
€ 3 million gross margin · 2025
RideOnTrack
€ 1.2 million gross margin · 2025
SC ONE same network
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0219.395.192
- VAT number
- BE 0219.395.192
- Registered office
- Cipalstraat 3, 2440 Geel
- Names & denominations
- C-smart
- Enterprise type
- Rechtspersoon
- Legal form
- Dienstverlenende vereniging (Vlaams Gewest)
- Legal situation
- Normale toestand
- Start date
- 13 February 1979
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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