C-smart (Services provider organization, Flemish Region) — Geel (2440)

Identity

Source · BCE/KBO

C-smart is a Services provider organization, Flemish Region incorporated in 1979. Its main activity is: Computer consultancy activities. Its registered office is in Geel. It employs on average 19,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0219.395.192
Incorporation: 13/02/1979
Legal form: Services provider organization, Flemish Region
Registered office: Cipalstraat 3
2440 Geel · FlandreSee on map
Contributed capital: 1 069 000,00 €
Latest accounts: 31/12/2025
Average workforce: 19,8 ETP

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities 72300Scientific research and development

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 35 filings

Trend over 8 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2,6 M €	-32.0%	3,8 M €	-35.5%	5,8 M €	+16.5%	5 M €	+2.9%	4,9 M €
EBITDA	-2 M €	-1.0%	-2 M €	-195%	-668 k €	-275%	381,9 k €	+527%	-89,5 k €
Operating result	-2,1 M €	-41.9%	-1,5 M €	-120%	-663,3 k €	+96.0%	-16,7 M €	-1202%	-1,3 M €
Net result	441,4 k €	-77.7%	2 M €	+202%	656 k €	+104%	-16,6 M €	-2122%	823,2 k €
Balance sheet
Equity	16,2 M €	+2.8%	15,8 M €	-0.3%	15,8 M €	+4.3%	15,2 M €	+46.7%	10,3 M €
Total assets	52,9 M €	-0.0%	52,9 M €	-4.5%	55,4 M €	+0.0%	55,4 M €	+59.0%	34,8 M €
Cash	5,1 M €	-48.8%	9,9 M €	+53.3%	6,5 M €	+0.9%	6,4 M €	+53.3%	4,2 M €
Debts	4,3 M €	-4.4%	4,5 M €	-24.0%	5,9 M €	-3.5%	6,1 M €	-13.5%	7 M €
Other
Workforce	19,8 ETP	-14.7%	23,2 ETP	+0.9%	23,0 ETP	-3.4%	23,8 ETP	-1.2%	24,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

27 active · 36 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Brughmans Bart	Director31/03/2025 → 30/03/2031
Charlotte Beyers	Director31/03/2025 → 30/03/2031
Dieter Wijckmans	Director31/03/2025 → 30/03/2031
Dymfna Meynen	Director31/03/2025 → 30/03/2031
Inge Van Goubergen	Vice-chairman of the board of directors31/03/2025 → 30/03/2031
Johan Sauwens	Chairman of the board of directors31/03/2025 → 30/03/2031
Kelly Verheyen	Director31/03/2025 → 30/03/2031
Pietro Iacopucci	Director22/03/2019 → 30/03/2031
Ronald Slootmans	Director31/03/2025 → 30/03/2031
Sven Pletincx	Director31/03/2025 → 30/03/2031
Tine Paredis	Director31/03/2025 → 30/03/2031
Peter Nies	Director25/01/2024 → 30/03/2031
Vandromme Jeroen	Director23/06/2022 → 30/03/2031
Peter Prévot	Director28/11/2019 → 31/03/2025
Dieter Mannaert	Director22/03/2019 → 30/03/2031
Francis Stijnen	Director22/03/2019 → 31/03/2025
Greet Geypen	Vice-chairman of the board of directors22/03/2019 → 31/03/2025
Heidi Thijs	Director22/03/2019 → 31/03/2025
Jan Moons	Director22/03/2019 → 31/03/2025
Karolien Eens	Director22/03/2019 → 31/03/2025
Koen Paredaens	Director22/03/2019 → 31/03/2025
Lawrence Vancraeyenest	Vice-chairman of the board of directors22/03/2019 → 30/03/2031
Lieven Janssens	Director22/03/2019 → 31/03/2025
Lore Fourie	Director22/03/2019 → 31/03/2025
Paul Verbeeck	Chairman of the board of directors22/03/2019 → 31/03/2025Director16/03/2007 → 2012 accountsended
Sien Jacques	Director22/03/2019 → 31/03/2025
Sofie Vandeweerd	Vice-chairman of the board of directors22/03/2019 → 30/03/2031Director22/03/2019 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dymfna Meynen	Directorlisted until the 2024 accounts
Lieve Janssens	Director22/03/2019 → 2022 accounts
Wim Dries	Vice-chairman of the board of directors22/03/2019 → 2023 accounts

Other companies at this address

Cipalstraat 3 2440 Geel

Company	CBE no.
CIPAL● Active	0442.802.030
Magics Technologies● Active	0634.891.526
RideOnTrack● Active	0845.290.761
SC ONE● Active	1028.159.220
Stichting Magics Technologies● Active	1028.264.831
TSS Belgium● Active	1037.665.913
Vriendenkring Cipal Schaubroeck● Active	0439.537.781

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2026	14/07/2025	17/07/2024	11/07/2023	12/07/2022	15/07/2021
General meeting	25/06/2026	24/06/2025	20/06/2024	22/06/2023	23/06/2022	24/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 35 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	14/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	24/06/2025	14/07/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	17/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	—	17/07/2024	Dutch	PDF
Full model	31/12/2022	22/06/2023	11/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	22/06/2023	11/07/2023	Dutch	PDF
Full model	31/12/2021	23/06/2022	12/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	23/06/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	09/07/2021	Dutch	PDF
Consolidated accounts	31/12/2020	24/06/2021	15/07/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	22/07/2020	Dutch	PDF
Consolidated accounts	31/12/2019	25/06/2020	22/07/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	29/07/2019	Dutch	PDF
Consolidated accounts	31/12/2018	27/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	15/06/2018	06/07/2018	Dutch	PDF
Consolidated accounts	31/12/2017	15/06/2018	06/07/2018	Dutch	PDF
Full model	31/12/2016	16/06/2017	18/07/2017	Dutch	PDF
Consolidated accounts	31/12/2016	16/06/2017	18/07/2017	Dutch	PDF
Full model	31/12/2015	17/06/2016	24/08/2016	Dutch	PDF
Consolidated accounts	31/12/2015	17/06/2016	24/08/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	23/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	12/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	23/06/2014	Dutch	PDF

View all 35 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

27 active · 36 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Brughmans Bart	Director31/03/2025 → 30/03/2031
Charlotte Beyers	Director31/03/2025 → 30/03/2031
Dieter Wijckmans	Director31/03/2025 → 30/03/2031
Dymfna Meynen	Director31/03/2025 → 30/03/2031
Inge Van Goubergen	Vice-chairman of the board of directors31/03/2025 → 30/03/2031
Johan Sauwens	Chairman of the board of directors31/03/2025 → 30/03/2031
Kelly Verheyen	Director31/03/2025 → 30/03/2031
Pietro Iacopucci	Director22/03/2019 → 30/03/2031
Ronald Slootmans	Director31/03/2025 → 30/03/2031
Sven Pletincx	Director31/03/2025 → 30/03/2031
Tine Paredis	Director31/03/2025 → 30/03/2031
Peter Nies	Director25/01/2024 → 30/03/2031
Vandromme Jeroen	Director23/06/2022 → 30/03/2031
Peter Prévot	Director28/11/2019 → 31/03/2025
Dieter Mannaert	Director22/03/2019 → 30/03/2031
Francis Stijnen	Director22/03/2019 → 31/03/2025
Greet Geypen	Vice-chairman of the board of directors22/03/2019 → 31/03/2025
Heidi Thijs	Director22/03/2019 → 31/03/2025
Jan Moons	Director22/03/2019 → 31/03/2025
Karolien Eens	Director22/03/2019 → 31/03/2025
Koen Paredaens	Director22/03/2019 → 31/03/2025
Lawrence Vancraeyenest	Vice-chairman of the board of directors22/03/2019 → 30/03/2031
Lieven Janssens	Director22/03/2019 → 31/03/2025
Lore Fourie	Director22/03/2019 → 31/03/2025
Paul Verbeeck	Chairman of the board of directors22/03/2019 → 31/03/2025Director16/03/2007 → 2012 accountsended
Sien Jacques	Director22/03/2019 → 31/03/2025
Sofie Vandeweerd	Vice-chairman of the board of directors22/03/2019 → 30/03/2031Director22/03/2019 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dymfna Meynen	Directorlisted until the 2024 accounts
Lieve Janssens	Director22/03/2019 → 2022 accounts
Wim Dries	Vice-chairman of the board of directors22/03/2019 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other23/09/2026
DV CIPAL - Wijziging naam
PDF
Mandates09/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/09/2024
KAPITAAL - AANDELEN
PDF
Restructuring31/07/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Registered office13/03/2024
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/01/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates11/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2018
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings8 filings

Mandates

Pietro Iacopucci

Ronald Slootmans

Kelly Verheyen

Dieter Wijckmans

Inge Van Goubergen

Johan Sauwens

Charlotte Beyers

Brughmans Bart

Sven Pletincx

Tine Paredis

Dymfna Meynen

Peter Nies

Show the 51 other mandates

19791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

Cipal DVCIPAL

Cipalstraat 3, 2440 GeelGasthuisbos 4, 2440 Geel

Director

Vice-chairman of the board of directors

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Cipalstraat 3, 2440 GeelCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00301469
Gasthuisbos 4, 2440 Geel	accounts 2021 → 2022	Accounts 2022 · 2023-00233686

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
C-smartCurrent	CBE since 13/10/2026	CBE
CIPAL	CBE until 13/10/2026	CBE
Cipal DV	accounts 2021 → 2025	Accounts 2025 · 2026-00301469
CIPAL	accounts 2010 → 2020	Accounts 2020 · 2021-34900054

Events

13/10/2026
Name changeC-smart
2025
Annual accounts 2025441,4 k €↓
03/04/2025
nominationJohan Sauwens · Voorzitter
03/04/2025
nominationLawrence Vancraeyenest · Eerste ondervoorzitter (en secretaris)
03/04/2025
nominationSofie Vandeweerd · Tweede ondervoorzitter
03/04/2025
nominationInge Van Goubergen · Derde ondervoorzitter
31/03/2025
nominationBart Brughmans · bestuurder
31/03/2025
nominationPietro Iacopucci · bestuurder
31/03/2025
nominationDieter Mannaert · bestuurder
31/03/2025
nominationDymfna Meynen · bestuurder
31/03/2025
nominationPeter Nies · bestuurder
31/03/2025
nominationTine Paredis · bestuurder
31/03/2025
nominationSven Pletincx · bestuurder
31/03/2025
nominationJohan Sauwens · bestuurder
31/03/2025
nominationRonny Slootmans · bestuurder
31/03/2025
nominationLawrence Vancraeyenest · bestuurder
31/03/2025
nominationSofie Vandeweerd · bestuurder
31/03/2025
nominationJeroen Vandromme · bestuurder
31/03/2025
nominationInge Van Goubergen · bestuurder
31/03/2025
nominationKelly Verheyen · bestuurder
31/03/2025
nominationDieter Wijckmans · bestuurder
2024
Annual accounts 20242 M €↑
2023
Annual accounts 2023656 k €↑
2022
Annual accounts 2022-16,6 M €↓
2021
Annual accounts 2021823,2 k €↑
2021
Name changeCipal DV
2020
Annual accounts 2020-45,3 k €↑
2012
Annual accounts 2012-281,5 k €↓
2010
Annual accounts 2010956,9 k €
13/02/1979
IncorporationServices provider organization, Flemish Region

C-smart

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events