What Cyclops does

Cyclops BV is a Belgian-headquartered professional services firm founded in 2015 by Ruth Van Hellemont and Rob De Luyck that delivers independent project management for industrial CAPEX (capital expenditure) projects. The firm embeds PMP-certified project managers—drawn from engineering backgrounds—into client teams to run the full project lifecycle from feasibility and concept studies through basic and detailed engineering, procurement, construction, and commissioning, under collaboration models including EPCM, Project Management Consultancy (PMC), PMO outsourcing, and structured training. Its services span six modules: project management, engineering management, permitting, procurement management, construction management, and contract management.

The company positions itself as an independent owner's-side representative that is not incentivized as a contractor or equipment vendor, with claimed outcomes including a 4% project cost reduction through challenge of engineering partners, zero permit rejections on regulated projects, and 85% lifecycle GHG reduction support on a tire-recovery facility. Its customer base includes ArcelorMittal Belgium (since 2019, 12+ projects), Umicore, Kellanova/Pringles, Ghent Renewables with BDI-BioEnergy International, TripleHelix (BlueChem-incubated recycling startup), Dyka/Tessenderlo, and Bolder Industries, across five verticals: Food & Beverage, Life Science, Metallurgy & Defense, Circular & Renewable, and Energy & Carbon Reduction.

Cyclops monetizes through quote-based, multi-year professional services contracts delivered by its own embedded staff of 51-100 employees across offices in Vilvoorde (Belgium HQ) and Łódź (Poland), with active project delivery in at least seven European countries. Demand is generated through direct enterprise sales, case-study-driven content marketing on cyclopscompany.com, LinkedIn, and referrals. In May 2026 the firm announced a growth partnership with Green Park Investment. Cyclops additionally offers subsidized SME E-Wallet training and advisory to Flemish SMEs via the Flemish government scheme.

Name

Cyclops

Legal name

Cyclops BV

Website

https://cyclopscompany.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Cyclops BV is a Belgian professional services firm, founded in 2015 in Vilvoorde, that provides PMP-certified project management as a service for industrial CAPEX projects across Europe. It embeds engineer-PMs in client teams across full lifecycle phases, serving enterprise clients in food, life sciences, metallurgy, circular/renewable, and energy verticals.

Ownership category

akta.pro rank

Product category

Industrial CAPEX Project Management Services

SIC

Services-Management Services (8741)

akta.pro primary industry

Program & Project Management (PMO) Consulting (BPAHACAL)

Keywords

• CAPEX project management
• Industrial project management
• Engineering management services
• EPCM project delivery
• Construction management services

Headquarters

HQ city

Mechelen

HQ country

Belgium

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Project Management as a Service: Cyclops provides professional project management services for industrial CAPEX projects, charging fees for project management, engineering management, permitting, procurement management, construction management, and contract management services. Services are delivered through their own certified project managers who are embedded in client teams.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Cyclops delivers project management as a service for industrial CAPEX (capital expenditure) projects, covering the full lifecycle from feasibility and concept studies through engineering, procurement, construction, commissioning, and project closeout. Services are provided by the company's own PMP-certified engineers and project managers, offered under multiple engagement models including EPCM, Project Management Consultancy (PMC), Project Management Office (PMO), and Training.

Product overview

Cyclops is a professional services firm, not a software product company. Its offering consists of a unified suite of CAPEX project management services structured around the full project lifecycle. The core service is Project Management as a Service, which spans six interconnected modules — Engineering Management, Permitting, Procurement Management, Construction Management, Contract Management — all delivered by the company's own engineers and project managers. These services are available under multiple collaboration models: EPCM (full Engineering, Procurement, Construction Management delivery), Project Management Consultancy (PMC), Project Management Office (PMO), and Training (PMP certification and coaching). Cyclops also offers a subsidized SME E-Wallet advisory and training product for Flemish SMEs. The company operates across five industry verticals: Food & Beverage, Life Science, Metallurgy & Defense, Circular & Renewable, and Energy & Carbon Reduction.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Management as a Service Scalable CAPEX project management service covering the full project lifecycle from concept to commissioning, delivered by the company's own engineers and project managers. Targeted at industrial companies undertaking capital investment projects.
• Engineering Management Technical engineering management service covering conceptual phase, basic engineering, procurement support, and construction engineering, ensuring all technical scopes align across CAPEX projects.
• Permitting
• Procurement Management
• Construction Management
• Contract Management
• EPCM (Engineering, Procurement, Construction Management)
• Project Management Consultancy (PMC)
• Project Management Office (PMO)
• Training
• SME E-Wallet

Quantifiable outcome

• 4% cost reduction achieved by regularly challenging engineering partners
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered flagship, core and minor.

• ArcelorMittal BelgiumflagshipOthersCyclops has been a strategic partner for ArcelorMittal since 2019, supporting and leading capital investment projects including blast furnace revamps, energy recovery installations, and early-phase decarbonization work. Also assisted in developing CAPEX methodology and training European engineering teams.
• Ghent RenewablescoreOthersCyclops providing comprehensive project management and engineering coordination for Ghent Renewables' landmark biofuel feedstock refinery plant with BDI-BioEnergy International.
• Bolder IndustriescoreOthersCyclops worked with Bolder Industries to navigate the permitting process for their first European commercial-scale recovered carbon black facility at Port of Antwerp-Bruges, Belgium.
• TripleHelixcoreOthersCyclops fully coordinating TripleHelix's polyurethane and PET recycling plant project at NextGen District, Port of Antwerp. Start-up from sustainable chemistry incubator BlueChem.
• OSQBminorOthersPermitting consultancy firm that worked with Cyclops to help Bolder Industries navigate the permitting process for the Belgium facility.
• United ExpertsminorOthersPermitting consultancy firm that worked with Cyclops to help Bolder Industries navigate the permitting process for the Belgium facility.
• Antea GroupminorOthersEnvironmental and permitting consultancy that worked with Cyclops to help Bolder Industries navigate the permitting process for the Belgium facility.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• PM Group: Ireland-based EPCM and project management firm of comparable size serving pharmaceutical, food/beverage, life sciences, and advanced manufacturing clients across Europe and globally. Directly competes with Cyclops in the same verticals (F&B, life sciences) using a similar embedded-PM model.
• Exyte: German-headquartered EPCM firm (formerly M+W Group) specializing in high-tech, semiconductor, and life sciences facility delivery in Europe. Overlaps directly with Cyclops in life sciences and biotech capital projects with a comparable owner-rep / PMO style engagement.
• Turner & Townsend: UK-based independent project management and cost consultancy serving industrial, energy, infrastructure, and real estate capital projects globally. Closely comparable PMO-as-a-service model for CAPEX-intensive clients, though at materially larger scale than Cyclops.
• Mace Group: UK-based consultancy and construction firm with a dedicated project management and consultancy business serving industrial and capital projects in Europe. Comparable PMO consulting and EPCM-style engagements for complex industrial clients.

Broad incumbents

• Sweco: Sweden-headquartered European engineering, design, and project management consultancy with industrial clients across the Nordics, Benelux, and DACH. Comparable on industrial project management but at much larger scale and broader service mix.
• AtkinsRéalis: Global engineering and project management consultancy (formerly SNC-Lavalin) serving industrial, energy, and infrastructure clients with PMO and PMC services. Comparable on the project management consulting layer but with broader infrastructure and nuclear adjacencies.
• Arcadis: Dutch-listed global design, engineering, and consultancy with substantial project and program management services for industrial and manufacturing clients across Europe. Overlaps with Cyclops in industrial CAPEX PMO work but as part of a much broader portfolio.
• Wood PLC: Global engineering and PMC/EPCM firm with deep European industrial project management capability across energy, chemicals, and life sciences. Direct competitor on larger industrial CAPEX PMO mandates but operates at vastly greater scale than Cyclops.
• Worley: Global EPCM and project services firm with strong European industrial and energy transition practice. Competes for the same type of industrial CAPEX PMO work as Cyclops but at enterprise scale with thousands of project professionals.
• Royal HaskoningDHV: Dutch engineering consultancy offering project management, EPCM, and industrial consulting across food, chemicals, and manufacturing in Europe. Comparable on industrial PMO but materially larger and more diversified than Cyclops.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cyclops

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cyclops