CAP
ActiveSummary
CAP has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181,999 and a net result of €73,528. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+8
Solvency46▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.2 in 2024; short-term debt: 41.9% and cash: 0.7% of total assets), and 79.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.9%
Return on assets
8.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
9 d early
2023
27 d early
2022
46 d early
2021
12 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€181,999▲ 67.8%
2024 · €108,471
Total assets
€869,387▼ 20.9%
2024 · €1.1m
Net result
€73,528▲ 367%
2024 · €15,754
Working capital
-€301,525▲ 30.8%
2024 · -€435,661
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€200,085▲ 43.7%€363,423▲ 81.6%-€11,357€65,474€141,866▲ 117%
Net result€114,290▲ 34.1%€237,681▲ 108%-€46,683€15,754€73,528▲ 367%
Equity€214,396▲ 99.7%€158,526▼ 26.1%€92,717▼ 41.5%€108,471▲ 17.0%€181,999▲ 67.8%
Total assets€1.7m▼ 2.7%€1.6m▼ 5.0%€1.3m▼ 15.3%€1.1m▼ 18.2%€869,387▼ 20.9%
Debt€1.5m▼ 9.5%€1.4m▼ 1.9%€1.3m▼ 12.4%€989,978▼ 20.8%€687,389▼ 30.6%
Working capital-€341,280▲ 32.9%-€469,754▼ 37.6%-€509,105▼ 8.4%-€435,661▲ 14.4%-€301,525▲ 30.8%
Staff (FTE)2.1▼ 4.5%2.2▲ 4.8%0▼ 100%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 117% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €869,387
Fixed assets
€806,804 ▼ 18.7%
Current assets
€62,583 ▼ 41.2%
Equity and liabilities €869,387
Equity
€181,999 ▲ 67.8%
Debt
€687,389 ▼ 30.6%
Debt's share of the balance-sheet total falls from 90.1% to 79.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€349,359▲
2024 · €272,849
Cash flow
€281,020▲
2024 · €223,129
Current ratio
0.17▼
2024 · 0.20
Debt to equity
3.78▼
2024 · 9.13
ROE
40.4%▲
2024 · 14.5%
ROA
8.5%▲
2024 · 1.4%
Interest coverage
15.78▲
2024 · 9.28
Debt ≤ 1 year
€364,108▼
2024 · €542,041
Debt > 1 year
€323,280▼
2024 · €447,938
Income taxes
€48,133▲
2024 · €22,294
Staff costs
€7,035▼
2024 · €7,074
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €56,473 | €20,000 | €0 | €16,262 | - |
| Remuneration, social security and pensions62 | €108,185 | €148,359 | €13,141 | €7,074 | €7,035 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €233,993 | €218,002 | €218,729 | €207,375 | €207,492 | ▲ 0.1% |
| Other operating charges640/8 | €79,575 | €29,387 | €20,363 | €19,559 | €18,740 | ▼ 4.2% |
| Non-recurring operating charges66A | €810 | €0 | €12,293 | €0 | - | - |
| Gross operating margin9900 | €622,648 | €759,171 | €253,170 | €299,483 | €375,133 | ▲ 25.3% |
| Operating profit (loss)9901 | €200,085 | €363,423 | -€11,357 | €65,474 | €141,866 | ▲ 117% |
| Financial income75/76B | €9,404 | €1,459 | €1,733 | €1,992 | €1,930 | ▼ 3.1% |
| Recurring financial income75 | €9,404 | €1,459 | €1,733 | €1,992 | €1,930 | ▼ 3.1% |
| Financial charges65/66B | €40,791 | €34,166 | €29,180 | €29,417 | €22,135 | ▼ 24.8% |
| Recurring financial charges65 | €40,791 | €34,166 | €29,180 | €29,417 | €22,135 | ▼ 24.8% |
| Profit (loss) for the period before taxes9903 | €168,698 | €330,716 | -€38,804 | €38,048 | €121,661 | ▲ 220% |
| Income taxes67/77 | €54,409 | €93,036 | €7,879 | €22,294 | €48,133 | ▲ 116% |
| Profit (loss) for the period9904 | €114,290 | €237,681 | -€46,683 | €15,754 | €73,528 | ▲ 367% |
| Profit (loss) for the period to be appropriated9905 | €114,290 | €237,681 | -€46,683 | €15,754 | €73,528 | ▲ 367% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.6m | €1.3m | €1.1m | €869,387 | ▼ 20.9% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.2m | €992,070 | €806,804 | ▼ 18.7% |
| Intangible fixed assets21 | €52,658 | €94,543 | €64,608 | €42,515 | €22,231 | ▼ 47.7% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.1m | €946,855 | €781,874 | ▼ 17.4% |
| Land and buildings22 | €1.2m | €1.2m | €1.0m | €893,459 | €738,209 | ▼ 17.4% |
| Plant, machinery and equipment23 | €10,865 | €8,477 | €4,385 | €5,218 | €2,800 | ▼ 46.3% |
| Furniture and vehicles24 | €32,138 | €10,845 | €62,157 | €44,679 | €36,525 | ▼ 18.3% |
| Other tangible fixed assets26 | €3,500 | €3,500 | €3,500 | €3,500 | €4,340 | ▲ 24.0% |
| Financial fixed assets28 | €2,700 | €2,700 | €2,700 | €2,700 | €2,700 | = |
| Current assets29/58 | €326,409 | €312,927 | €171,550 | €106,380 | €62,583 | ▼ 41.2% |
| Amounts receivable within one year40/41 | €88,261 | €68,046 | €138,109 | €83,795 | €50,764 | ▼ 39.4% |
| Trade receivables40 | €59,616 | €38,235 | €107,109 | €50,454 | €9,171 | ▼ 81.8% |
| Other amounts receivable41 | €28,645 | €29,811 | €31,001 | €33,341 | €41,592 | ▲ 24.7% |
| Cash at bank and in hand54/58 | €234,373 | €242,558 | €31,708 | €20,593 | €5,761 | ▼ 72.0% |
| Deferred charges and accrued income490/1 | €3,774 | €2,323 | €1,733 | €1,992 | €6,059 | ▲ 204% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.6m | €1.3m | €1.1m | €869,387 | ▼ 20.9% |
| Equity10/15 | €214,396 | €158,526 | €92,717 | €108,471 | €181,999 | ▲ 67.8% |
| Contributions10/11 | €298,550 | €5,000 | €4,397 | €4,397 | €4,397 | = |
| Reserves13 | €56,377 | €56,377 | €49,575 | €49,575 | €123,103 | ▲ 148% |
| Tax-exempt reserves132 | €56,377 | €56,377 | €49,575 | €49,575 | €49,575 | = |
| Distributable reserves133 | - | - | - | - | €73,528 | - |
| Profit (loss) carried forward14 | -€140,531 | €97,149 | €38,745 | €54,499 | €54,499 | = |
| Amounts payable17/49 | €1.5m | €1.4m | €1.3m | €989,978 | €687,389 | ▼ 30.6% |
| Amounts payable after more than one year17 | €786,113 | €642,851 | €569,352 | €447,938 | €323,280 | ▼ 27.8% |
| Financial debts170/4 | €786,113 | €642,851 | €569,352 | €447,938 | €323,280 | ▼ 27.8% |
| Amounts payable within one year42/48 | €667,689 | €782,681 | €680,655 | €542,041 | €364,108 | ▼ 32.8% |
| Current portion of amounts payable after more than one year42 | €149,056 | €145,493 | €243,278 | €196,414 | €124,657 | ▼ 36.5% |
| Financial debts43 | €0 | - | - | - | €10,746 | - |
| Credit institutions430/8 | €0 | - | - | - | €10,746 | - |
| Trade debts44 | €20,593 | €19,333 | €91,428 | €14,368 | €8,026 | ▼ 44.1% |
| Suppliers440/4 | €20,593 | €19,333 | €91,428 | €14,368 | €8,026 | ▼ 44.1% |
| Advances received on contracts in progress46 | €393,761 | €287,708 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €97,007 | €32,134 | €76,085 | €71,302 | €33,587 | ▼ 52.9% |
| Taxes450/3 | €97,007 | €18,268 | €76,085 | €71,302 | €33,587 | ▼ 52.9% |
| Remuneration and social security454/9 | €0 | €13,866 | €0 | - | - | - |
| Other amounts payable47/48 | €7,272 | €298,013 | €269,864 | €259,956 | €187,092 | ▼ 28.0% |
| Accrued charges and deferred income492/3 | €868 | €868 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114,290 | €237,681 | -€46,683 | €15,754 | €73,528 | ▲ 367% |
| + Depreciation and write-downs630 | €233,993 | €218,002 | €218,729 | €207,375 | €207,492 | ▲ 0.1% |
| Operating cash flow (approximation) | €348,283 | €455,682 | €172,046 | €223,129 | €281,020 | ▲ 25.9% |
| Investment in fixed assets (approximation) | - | -€147,344 | -€117,904 | -€28,271 | -€22,227 | ▲ 21.4% |
| Change in cash | - | €8,185 | -€210,850 | -€11,115 | -€14,832 | ▼ 33.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150,000Eq €181,999 ▲67.8%
2 profitable years in a row build equity to €181,999.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15,754
Net result €15,754 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €108,471 ▲17%
Equity rises from €92,717 to €108,471.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€46,683
Net result drops to -€46,683, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €237,681 ▲108%
Operating result €363,423, net result €237,681, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €214,396 ▲99.7%
2 profitable years in a row build equity to €214,396.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Back to profitnet €85,229
Net result €85,229 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €107,378 ▲281%
Equity rises from €28,149 to €107,378.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 1991
Ground area
7,582 m²
Building footprint
140 m²
Volume, LiDAR
766 m³
Parcel 44044B0990/00F000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CAP
since 19912.054.824.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44044B0990/00F000 | Flanders | 7,582 m² | 1 · 140 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 5,183 EUR awarded · 5,183 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 3,255 EUR |
| 2023 | 1 | 5,183 EUR | 1,928 EUR |
Similar companies · same sector, comparable size
IMMO BOLLE
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BE 0447.340.046
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WIM MERTENS
BE 0461.842.932
Lichtervelde · Eq €181,658
Immo Patrim'one
BE 0837.178.492
Grez-Doiceau · Eq €181,644
KESTENS.COM
BE 0882.840.748
Bilzen-Hoeselt · Eq €181,621
Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 5,222 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.