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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
CYVARE from Hasselt, company number BE0414879589, closed financial year 2025 with a result of € 85,683 after tax. For that financial year CYVARE recorded a gross margin of € 157,936 and equity of € 565,279. Compared with financial year 2024, the result moved from € 79,855 to € 85,683. Profitable, and profit is growing. The buffer shrank hard: equity is 53 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 565,279
▼ 53% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 85,683
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 102,921
▲ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 730,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 29,310
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 66,200
▼ 24% vs 2024
€ 22,143 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 7,460
Supplier invoices still open on the last day of the fiscal year.
€ 2,500
▲ 192% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 160,781 | € 149,992 | € 151,841 | € 157,936 | ▲ 4% |
| Profit after taxes | € 79,816 | € 70,614 | € 79,855 | € 85,683 | ▲ 7% |
| Equity | € 1,059,127 | € 1,129,740 | € 1,209,595 | € 565,279 | ▼ 53% |
| Total debts | € 139,191 | € 112,812 | € 91,582 | € 809,791 | ▲ € 718,208 |
| Cash | € 33,078 | € 45,642 | € 63,144 | € 102,921 | ▲ 63% |
| Land & buildings | € 505,245 | € 482,407 | € 455,992 | € 428,625 | ▼ 6% |
| Retained profit | € 989,127 | € 1,059,740 | € 1,139,595 | € 495,279 | ▼ 57% |
| Dividend | € 0 | € 0 | € 0 | € 730,000 | |
| Bank debt | € 125,410 | € 106,800 | € 87,096 | € 66,200 | ▼ 24% |
| Balance sheet total | € 1,225,988 | € 1,268,377 | € 1,325,159 | € 1,397,205 | ▲ 5% |
Key figures of CYVARE, 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 CYVARE?
What happened at CYVARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 85,683 (▲ 7% vs 2024). Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 79,816 profit in 2022 to € 85,683 profit in 2025.
Paid € 171,740 in corporate taxes since 2022.
Best year ever: 2025, with € 85,683 profit.
Paid out € 730,000 in dividends to the owners in total.
Management
Behind CYVARE are Danielle Cypers, Veronique Cypers and Valentin Cypers.
Directors
According to the 2025 annual accounts
Danielle Cypers
Managing director
Veronique Cypers
Director
Valentin Cypers
Director
Establishments
Establishment units
Physical locations of this company
Monninxstraat 57
3510 Hasselt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.879.589
- VAT number
- BE 0414.879.589
- Registered office
- Monninxstraat 57, 3510 Hasselt
- Names & denominations
- CYVARE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1975
- Peppol
- Not registered