Equity
€2.3m from €4.1m in 2020
Equity fell by 43% in 6 years.
KAPITOS
Lifetime
16 annual accounts with figures on one time axispeak €1.0m (2019)
€316,282▼ 3.2%
lowest -€191,280 (2023)
€63,080▼ 44.1%
peak €4.1m (2020)
€2.3m▲ 2.8%
€2.2m▲ 1.9%
Board6 names since 2018
1 directorSEYNAEVE Johan
Documentsfilings and deeds
23-06-2026130 days before the deadline
2026micro format
Result from €112,836 to €63,080Cash from €1,393 to €17,107
Key points
from the 2026 annual accountsTurnover
≈ €350,000 estimated
The micro format states no turnover.
Investments
€36,164 0.3 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.48 was 0.04 in 2025
Short-term debts fell from €472,566 to €468,379.
Filings
16 annual accounts since 2010
Two of the last ten came late. The 2020 accounts came latest: 30 days after the end of the period.
Position in the sector
€2.3m
More equity than 95% of companies in real estate. Sector median €120,325 · 481 companies.
Checked score
95
Excellent
Financially stronger than 58% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.2 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 0.1%▼ -0.2 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.48, cash €17,107
lowers risk
Size: total assets €4.6m
Figures for financial year 2026 (filed on 23-06-2026)
Founded in 2009
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 69% of them on solvency, 58% on liquidity, 51% on profitability and 56% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as KAPITOS has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of KAPITOS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for KAPITOS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €220,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.48 (0.04 in 2025), below 1. Short-term debt is 10.3% and cash 0.4% of total assets. 48.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-06-2026, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
130 days early
2025
143 days early
2024
120 days early
2023
64 days early
2022
4 days late
2021
6 days early
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 61 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 56 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0812346690
Demerger: KAPITOS splits off to YASMINE
Registered office moved from Oostende Torhoutsesteenweg to Oostende Gistelsesteenweg · Issue of 4,466 shares · New registered office: 8400 Oostende Gistelsesteenweg 1A bus 0401 · General meeting of 30-03-2021 · Gazette deed
Demerger proposal: KAPITOS splits off to YASMINE
Appointment: CERTAM BEDRIJFSREVISOREN (statutory auditor) · Gazette deed
Registered office moved from Nieuwpoort to Ostend
New registered office: Torhoutsesteenweg 655 te 8400 Oostende · Previous registered office: Albert I laan 117 te 8620 Nieuwpoort · General meeting of 23-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KAPITOS Ostend | €4.6m | €316,282 | 51.3% | - |
| HUVECO Zuienkerke | €4.2m | €382,320 | 58.0% | - |
| Autonoom Gemeentebedrijf Beheer Patrimonium Gemeente Edegem Edegem | €4.2m | €286,779 | 8.1% | - |
| OFFICE STUDIO Hasselt | €5.0m | €305,554 | 29.8% | 1.2 |
| CAFO Mol | €4.4m | €401,790 | 46.7% | - |
| RENOMAR WAAS & DENDER Sint-Niklaas | €4.2m | €247,309 | 28.5% | - |
| CUISINES STORE Trooz | €4.3m | €284,209 | 5.6% | - |
These companies have the same main activity as KAPITOS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €4.2m and €5m, founded between 2006 and 2012.
Official details
Source: KBO- Status
- Active since 18-06-2009Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 5 others
- Establishment unit
- 2.178.857.0558400 Ostend, since 18-06-2009
- Financial year end
- 31 March
- Peppol
- Reachable since 17-10-2025
Annual accounts to 31-03-2026
- €4.6m▲ 2.4%
- Filing
- Filed on 23-06-2026, 130 days before the end of the filing period
Insights on KAPITOS
KAPITOS files the micro format. That format states no turnover. The gross margin rose from €2,134 in 2010 to €316,282 in 2026.
The balance sheet grew most in 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KAPITOS
- What is the company number of KAPITOS?
- The company number of KAPITOS is 0812.346.690. The VAT number is the same number with BE in front: BE 0812.346.690.
- Where is KAPITOS based?
- The registered office is at Gistelsesteenweg 1A, 8400 Ostend.Company details
- What does KAPITOS do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of KAPITOS?
- KAPITOS is a private limited company (BV).
- When was KAPITOS founded?
- KAPITOS was founded on 18-06-2009.
- Is KAPITOS still active?
- Yes, KAPITOS is an active enterprise in the KBO register.
- What is the turnover of KAPITOS?
- The turnover in financial year 2026 is ≈ €350,000. This figure is estimated from the gross margin of €316,282 and 46 comparable companies (NACE 68203). It probably lies between €330,000 and €440,000. In financial year 2021 turnover was €321,444.Financials
- Is KAPITOS profitable?
- In financial year 2026, KAPITOS made a profit of €63,080.
- Where can I find the annual accounts of KAPITOS?
- KAPITOS filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of KAPITOS due?
- KAPITOS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.