ACTIVE

Cipal Schaubroeck

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Financial year 2025 · Closed on 31/12/2025

Net result2,4 M €-76,6 %over 1 year

Revenue95,7 M €+1,0 %over 1 year

Equity14,4 M €-49,1 %over 1 year

Workforce375,9 ETP-0,5 %over 1 year

Identity

Source · BCE/KBO

Cipal Schaubroeck is a Public limited company incorporated in 2016. Its main activity is: Computer consultancy activities. Its registered office is in Westerlo. It employs on average 375,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0664.474.051
Incorporation: 10/10/2016
Legal form: Public limited company
Registered office: Nijverheidsstraat 13
2260 Westerlo · FlandreSee on map
Contributed capital: 7 835 488,82 €
Latest accounts: 31/12/2025
Average workforce: 375,9 ETP

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 46500Wholesale of information and communication equipment 46510Wholesale of computers, computer peripheral equipment and software 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores+2

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 15 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	95,7 M €	+1.0%	94,7 M €	+16.3%	81,5 M €	+16.7%	69,8 M €	+8.9%	64,1 M €
EBITDA	6 M €	-59.0%	14,5 M €	+57.7%	9,2 M €	+63.3%	5,6 M €	-28.7%	7,9 M €
Operating result	2,6 M €	-77.4%	11,7 M €	+136%	4,9 M €	+78.7%	2,8 M €	-46.9%	5,2 M €
Net result	2,4 M €	-76.6%	10,1 M €	+151%	4 M €	+80.2%	2,2 M €	+90.8%	1,2 M €
Balance sheet
Equity	14,4 M €	-49.1%	28,4 M €	+55.4%	18,2 M €	+28.3%	14,2 M €	+7.0%	13,3 M €
Total assets	53,4 M €	-3.5%	55,4 M €	+30.0%	42,6 M €	+22.1%	34,9 M €	+5.1%	33,2 M €
Cash	12,6 M €	+86.1%	6,8 M €	+140%	2,8 M €	+2.1%	2,8 M €	-7.2%	3 M €
Debts	38,1 M €	+44.4%	26,4 M €	+11.5%	23,6 M €	+15.4%	20,5 M €	+4.2%	19,7 M €
Other
Workforce	375,9 ETP	-0.5%	377,7 ETP	-2.0%	385,4 ETP	+1.7%	378,8 ETP	+3.7%	365,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bre-Beau0743.404.535Represented by Nico Cras	Managing director02/06/2025 → 28/05/2030
FLEXIBLE SOLUTIONS0471.997.050Represented by Hans Hulpiau	Managing director02/06/2025 → 28/06/2030Director07/10/2016 → 23/05/2028
TSS Management BV 1017.421.914Represented by Salah Abdelmoulah	Director02/06/2025 → 28/05/2030
VERDI1003.792.721Represented by Dirk Verstichele	Director28/05/2024 → 28/05/2030
SCHAUBROECK0401.044.520Represented by Frédéric Schaubroeck	Managing director29/05/2018 → 28/05/2030
CIPAL0442.802.030Represented by Nico Cras	Managing director07/10/2016 → 23/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dirk Verstichele	Director07/10/2016 → 2023 accounts

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
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	03/06/2026	16/06/2025	11/06/2024	07/07/2023	10/06/2022	15/06/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	23/05/2023	24/05/2022	25/05/2021
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, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	03/06/2026	Dutch	PDF
Full model	31/12/2024	27/05/2025	16/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	27/05/2025	16/06/2025	Dutch	PDF
Full model	31/12/2023	28/05/2024	11/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	28/05/2024	11/06/2024	Dutch	PDF
Full model	31/12/2022	23/05/2023	07/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	23/05/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	24/05/2022	10/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	24/05/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	15/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	25/05/2021	15/06/2021	Dutch	PDF
Full model	31/12/2019	26/05/2020	16/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	26/05/2020	17/06/2020	Dutch	PDF
Full model	31/12/2018	28/05/2019	18/06/2019	Dutch	PDF
Full model	31/12/2017	29/05/2018	28/06/2018	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

6 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bre-Beau0743.404.535Represented by Nico Cras	Managing director02/06/2025 → 28/05/2030
FLEXIBLE SOLUTIONS0471.997.050Represented by Hans Hulpiau	Managing director02/06/2025 → 28/06/2030Director07/10/2016 → 23/05/2028
TSS Management BV 1017.421.914Represented by Salah Abdelmoulah	Director02/06/2025 → 28/05/2030
VERDI1003.792.721Represented by Dirk Verstichele	Director28/05/2024 → 28/05/2030
SCHAUBROECK0401.044.520Represented by Frédéric Schaubroeck	Managing director29/05/2018 → 28/05/2030
CIPAL0442.802.030Represented by Nico Cras	Managing director07/10/2016 → 23/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dirk Verstichele	Director07/10/2016 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/08/2026
HERBENOEMING COMMISSARIS
PDF
Registered office16/07/2026
Verplaatsing van de zetel van de vennootschap
PDF
Other13/07/2026
Wijziging vaste vertegenwoordiger
PDF
Other06/02/2026
DIVERSEN
PDF
Mandates30/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2025
ONTSLAGEN - BENOEMINGEN
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

Filings7 filings

Mandates

FLEXIBLE SOLUTIONS

Bre-Beau

VERDI

TSS Management BV

SCHAUBROECK

CIPAL

Dirk Verstichele

201620172018201920202021202220232024202520262027202820292030

Cipal Schaubroeck

Cipalstraat 3, 2440 Geel

Managing directorDirector

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Nijverheidsstraat 13, 2260 WesterloCurrent		CBE
Cipalstraat 3, 2440 Geel	accounts 2021 → 2025	Accounts 2025 · 2026-00138204

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Cipal SchaubroeckCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00138204

Events

2025
Annual accounts 20252,4 M €↓
10/12/2025
nominationFLEXIBLE SOLUTIONS BV · gedelegeerd bestuurder
10/12/2025
nominationBRE-BEAU BV · gedelegeerd bestuurder
02/06/2025
nominationTSS MANAGEMENT · bestuurder
02/06/2025
nominationFLEXIBLE SOLUTIONS · bestuurder
02/06/2025
nominationVERDI · bestuurder
02/06/2025
nominationBRE-BEAU · bestuurder
02/06/2025
nominationTSS Management B.V. · B-bestuurder
02/06/2025
nominationBre-Beau BV · A-bestuurder
02/06/2025
nominationVERDI CommV · gedelegeerd bestuurder
2024
Annual accounts 202410,1 M €↑
31/10/2024
reconductionFrédéric Schaubroeck · bestuurder
31/10/2024
reconductionFrédéric Schaubroeck · afgevaardigd bestuurder
28/05/2024
reconductionSchaubroeck NV · bestuurder
28/05/2024
nominationVerdi · bestuurder
29/04/2024
nominationNico Cras · chief executive officer (CEO)
29/04/2024
nominationDirk Verstichele · chief executive officer (CEO)
29/04/2024
nominationHans Hulpiau · chief operating officer (COO)
29/04/2024
nominationBart van de Kerkhof · chief financial officer (CFO)
29/04/2024
nominationFrédéric Schaubroeck · afgevaardigd bestuurder
29/04/2024
nominationGeert Van Poucke · chief strategy officer (CSO)
29/04/2024
nominationPatricia Janssens · BU-manager
29/04/2024
nominationIsabel Van den Eynde · BU-manager
29/04/2024
nominationIsabelle Dehond · BU-manager
29/04/2024
nominationTania De Wit · BU-manager
29/04/2024
nominationWim Bisschops · BU-manager
29/04/2024
nominationLuc Jacobs · BU-manager
29/04/2024
nominationTom Wittoeck · BU-manager
29/04/2024
nominationLander Hellebosch · Sales back office verantwoordelijke (SBO-verantwoordelijke)
2023
Annual accounts 20234 M €↑
23/05/2023
reconductionPhilip Callens · commissaris
2022
Annual accounts 20222,2 M €↑
24/05/2022
reconductionDirk Verstichele · A-Bestuurder
24/05/2022
reconductionNico Cras · vaste vertegenwoordiger (voor Cipal NV als B-Bestuurder)
24/05/2022
reconductionHans Hulpiau · vaste vertegenwoordiger (voor Flexible Solutions bvba als B-Bestuurder)
2021
Annual accounts 20211,2 M €↓
2020
Annual accounts 20202,1 M €↓
2019
Annual accounts 20192,7 M €
10/10/2016
IncorporationPublic limited company

Cipal Schaubroeck

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