CIPAL is an IT company in Geel. Public Limited, started on 19 December 1990, 1 establishment.

What is the address of CIPAL?

The registered office of CIPAL is located at Cipalstraat 3, 2440 Geel.

Is CIPAL still active?

Yes. According to the CBE (29 October 2026) CIPAL is active, legal situation “Normale toestand”, started on 19 December 1990.

Is CIPAL registered on Peppol?

Yes, CIPAL is registered on the Peppol network with ID 0208:0442802030.

What is the enterprise number of CIPAL?

The enterprise number of CIPAL is BE0442802030.

When was CIPAL founded?

CIPAL was founded on 19 December 1990.

Who are the directors of CIPAL?

According to the 2025 annual accounts, the directors of CIPAL are: Cipal DV, Marc Vandeput, Lawrence Vancraeyenest, Katelijne Weyns, Nutsbedrijven Houdstermaatschappij CV, Ludo Helsen, Johan Sauwens, Jos Claessens.

Is CIPAL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 December 1990; 5 annual accounts filed, latest fiscal year 2025; 11 directors known from the annual account.

How much profit did CIPAL make in 2025?

CIPAL posted a profit after taxes of € 101,449,266 in financial year 2025.

What is the revenue of CIPAL?

In its most recent annual accounts (2025), CIPAL reported revenue of € 1,004,249.

How many employees does CIPAL have?

According to the 2025 annual accounts, CIPAL has 0.3 full-time equivalents (FTE).

CIPAL (Public Limited) - Geel - BE0442802030

Dossier CIPAL, printed on 29 October 2026 from databakkes.be/en/0442802030/cipal. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

CIPAL from Geel, company number BE0442802030, closed financial year 2025 with a result of € 101.4 million after tax. For that financial year CIPAL recorded revenue of € 1 million and equity of € 62.7 million. Compared with financial year 2024, the result moved from € 239,404 to € 101.4 million. Profitable, and profit is growing. 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 April 7, 2026.

What it is worth Growing

€ 62.7 million

▲ 253% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 101.4 million

▲ € 101.2 million vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 416,715

▼ 91% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 56.5 million paid out

56 % of the profit went to the shareholders, mostly to Cipal dienstverlenende vereniging (90 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

0.3

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 3.3 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 62,104

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 13,265

▼ 22% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 181,450

▼ 44% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.

Wages and social charges

€ 7,538

▼ 97% vs 2024

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 4,655,252 Revenue 2022: € 4,655,252 First fiscal year in the series	€ 4,929,452 Revenue 2023: € 4,929,452 ▲ 6% vs 2022 (€ 4,655,252) Favourable step	€ 3,134,749 Revenue 2024: € 3,134,749 ▼ 36% vs 2023 (€ 4,929,452) Unfavourable step	€ 1,004,249 Revenue 2025: € 1,004,249 ▼ 68% vs 2024 (€ 3,134,749) Unfavourable step	▼ 68%
Profit after taxes	€ 33,100 Profit after taxes 2022: € 33,100 First fiscal year in the series	€ 545,746 Profit after taxes 2023: € 545,746 ▲ € 512,646 vs 2022 (€ 33,100) Favourable step	€ 239,404 Profit after taxes 2024: € 239,404 ▼ 56% vs 2023 (€ 545,746) Unfavourable step	€ 101,449,266 Profit after taxes 2025: € 101,449,266 ▲ € 101.2 million vs 2024 (€ 239,404) Favourable step	▲ € 101.2 million
Equity	€ 18,954,863 Equity 2022: € 18,954,863 First fiscal year in the series	€ 18,500,609 Equity 2023: € 18,500,609 ▼ 2% vs 2022 (€ 18,954,863) Unfavourable step	€ 17,740,013 Equity 2024: € 17,740,013 ▼ 4% vs 2023 (€ 18,500,609) Unfavourable step	€ 62,689,280 Equity 2025: € 62,689,280 ▲ 253% vs 2024 (€ 17,740,013) Favourable step	▲ 253%
Total debts	€ 1,919,709 Total debts 2022: € 1,919,709 First fiscal year in the series	€ 3,346,188 Total debts 2023: € 3,346,188 ▲ 74% vs 2022 (€ 1,919,709) Unfavourable step	€ 1,611,586 Total debts 2024: € 1,611,586 ▼ 52% vs 2023 (€ 3,346,188) Favourable step	€ 56,761,984 Total debts 2025: € 56,761,984 ▲ € 55.2 million vs 2024 (€ 1,611,586) Unfavourable step	▲ € 55.2 million
Cash	€ 6,841,100 Cash 2022: € 6,841,100 First fiscal year in the series	€ 5,766,453 Cash 2023: € 5,766,453 ▼ 16% vs 2022 (€ 6,841,100) Unfavourable step	€ 4,784,021 Cash 2024: € 4,784,021 ▼ 17% vs 2023 (€ 5,766,453) Unfavourable step	€ 416,715 Cash 2025: € 416,715 ▼ 91% vs 2024 (€ 4,784,021) Unfavourable step	▼ 91%
Land & buildings	€ 434,705 Land & buildings 2022: € 434,705 First fiscal year in the series	€ 386,959 Land & buildings 2023: € 386,959 ▼ 11% vs 2022 (€ 434,705) Unchanged	€ 339,213 Land & buildings 2024: € 339,213 ▼ 12% vs 2023 (€ 386,959) Unchanged	€ 297,165 Land & buildings 2025: € 297,165 ▼ 12% vs 2024 (€ 339,213) Unchanged	▼ 12%
Retained profit	€ 3,951,863 Retained profit 2022: € 3,951,863 First fiscal year in the series	€ 3,497,609 Retained profit 2023: € 3,497,609 ▼ 11% vs 2022 (€ 3,951,863) Unfavourable step	€ 2,737,013 Retained profit 2024: € 2,737,013 ▼ 22% vs 2023 (€ 3,497,609) Unfavourable step	€ 47,686,280 Retained profit 2025: € 47,686,280 ▲ € 44.9 million vs 2024 (€ 2,737,013) Favourable step	▲ € 44.9 million
Dividend	€ 1,000,000 Dividend 2022: € 1,000,000 First fiscal year in the series	€ 1,000,000 Dividend 2023: € 1,000,000 Unchanged (€ 1,000,000) Unchanged	€ 1,000,000 Dividend 2024: € 1,000,000 Unchanged (€ 1,000,000) Unchanged	€ 56,500,000 Dividend 2025: € 56,500,000 ▲ € 55.5 million vs 2024 (€ 1,000,000) Unchanged	▲ € 55.5 million
Balance sheet total	€ 20,874,572 Balance sheet total 2022: € 20,874,572 First fiscal year in the series	€ 21,846,797 Balance sheet total 2023: € 21,846,797 ▲ 5% vs 2022 (€ 20,874,572) Unchanged	€ 19,351,600 Balance sheet total 2024: € 19,351,600 ▼ 11% vs 2023 (€ 21,846,797) Unchanged	€ 122,984,335 Balance sheet total 2025: € 122,984,335 ▲ € 103.6 million vs 2024 (€ 19,351,600) Unchanged	▲ € 103.6 million
Employees (FTE)	-	-	-	0.3 Employees (FTE) 2025: 0.3 First fiscal year in the series

Key figures of CIPAL, 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 CIPAL?

What happened at CIPAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Cipal DV stepped down as director. NBB
2031 Lawrence Vancraeyenest stepped down as director. NBB
2031 Nutsbedrijven Houdstermaatschappij CV stepped down as director. NBB
2031 Johan Sauwens stepped down as director. NBB
2031 Paul Verbeeck stepped down as director. NBB
Apr 7, 2026 New annual accounts for financial year 2025: profit of € 101.4 million (▲ € 101.2 million vs 2024). Source: NBB ↗
2025 Cipal DV became a director. NBB
2025 Marc Vandeput stepped down as director. NBB

In short

From € 33,100 profit in 2022 to € 101.4 million profit in 2025.

Paid € 274,524 in corporate taxes since 2022.

Best year ever: 2025, with € 101.4 million profit.

Paid out € 59.5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Cipal dienstverlenende vereniging 90%

Nutsbedrijven Houdstermaatschappij CV 10%

NUHMA DC 10%

The stake of NUHMA DC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

CIPAL

SC One 49%

Fairville 16.7%

MyCSN 10%

The shares are held by Cipal dienstverlenende vereniging (90%), Nutsbedrijven Houdstermaatschappij CV (10%) and NUHMA DC (10%). It owns 49% of SC One, 16.7% of Fairville and 10% of MyCSN itself.

Directors

According to the 2025 annual accounts

Cipal DV

Director · represented by Maarten Boonen

since 2025 · until 2031

Marc Vandeput

Vice-chairman of the board

since 2022 · until 2025

Lawrence Vancraeyenest

Chairman of the board

Also active at: CIPAL

since 2025 · until 2031

Katelijne Weyns

Director

since 2022 · until 2025

Nutsbedrijven Houdstermaatschappij CV

Director · represented by Ludo Kelchtermans

Owns 10% via NUHMA DC

Also active at: A.I.T. EUROPE, WIND EN WATER ENERGIE PRODUCENT, 3E, C-POWER HOLDCO, SeaMade, BIONERGA LOGISTICS, NUHMERIS, BIOSTOOM BELGIË +21 more

since 2025 · until 2031

Ludo Helsen

Chairman of the board

since 2022 · until 2025

Johan Sauwens

Director

Also active at: Vlaamse Vervoermaatschappij - De Lijn, VLAAMS SELECTIECENTRUM VOOR HET OVERHEIDSPERSONEEL C.V.B.A."TEVENS GENAAMD 'JOBPUNT VLAANDEREN' EN/ OF 'POOLSTOK'

since 2025 · until 2031

Jos Claessens

Director

since 2022 · until 2025

Nico Cras

Managing director

Also active at: Cipal Schaubroeck, Bre-Beau, Fairville, SOULCO, RED FOUNTAIN

since 2022 · until 2025

Paul Verbeeck

Director

Also active at: FLUVIUS Antwerpen, CIPAL, Woonschakel Berg en Nete, VLAAMS SELECTIECENTRUM VOOR HET OVERHEIDSPERSONEEL C.V.B.A."TEVENS GENAAMD 'JOBPUNT VLAANDEREN' EN/ OF 'POOLSTOK', AUTONOOM GEMEENTEBEDRIJF NIJLEN

since 2025 · until 2031

Jozef Geuens

Vice-chairman of the board

since 2022 · until 2025

Shareholders

Cipal dienstverlenende vereniging

90%

Nutsbedrijven Houdstermaatschappij CV

10%

NUHMA DC · holding of Nutsbedrijven Houdstermaatschappij CV

10%

Participations

SC One

49%

Fairville

16.7%

MyCSN

10%

Establishments

Establishment units

Physical locations of this company

Registered office

Cipalstraat 3

2440 Geel

2.052.965.804

Cipalstraat 1

2440 Geel

Active since 31 May 1991

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 →

C-smart same network

€ 2.6 million revenue · 2025

Vriendenkring Cipal Schaubroeck

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

0442.802.030

VAT number

BE 0442.802.030

Registered office

Cipalstraat 3, 2440 Geel

Names & denominations

CIPAL

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

19 December 1990

Peppol

Active · Active since 1 Jan 2001

Contact

[email protected]

Activities · NACE

Ontwerpen van computerprogramma’s

Overige advisering in verband met programmatuur en levering van programmatuur

Ontwerpen en programmeren van computerprogramma's

View on CBE Public ↗ Annual accounts (NBB) ↗

CIPAL

Warning lights

Financials

What happened to CIPAL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions