CAP Management
ActiveSummary
CAP Management has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency11▲+11
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 0.54 in 2024; short-term debt: 114.1% and cash: 43.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-14.1%
Return on assets
92.9%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 8%
← weakest
strongest →
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
31 d early
2023
38 d early
2022
32 d early
2021
9 d early
2020
7 d late
2019
19 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-3k▲ 86.9%
2024 · €-22k
2018: €-21k
2019: €5k▲ +123% vs 2018highest in 8 years
2020: €-4k▼ -173% vs 2019
2021: €-11k▼ -204% vs 2020
2022: €-16k▼ -51.4% vs 2021
2023: €-15k▲ +9.9% vs 2022
2024: €-22k▼ -50.9% vs 2023lowest in 8 years
2025: €-3k▲ +86.9% vs 2024
2018 → 2025
Total assets
€20k▼ 20.8%
2024 · €26k
2018: €73k
2019: €150k▲ +107% vs 2018highest in 8 years
2020: €109k▼ -27.5% vs 2019
2021: €76k▼ -30.3% vs 2020
2022: €77k▲ +2.2% vs 2021
2023: €76k▼ -1.3% vs 2022
2024: €26k▼ -66.2% vs 2023
2025: €20k▼ -20.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€19k
2024 · €-7k
2018: €-12klowest in 8 years
2019: €26k▲ +310% vs 2018highest in 8 years
2020: €-8k▼ -132% vs 2019
2021: €-7k▲ +13.5% vs 2020
2022: €-5k▲ +23.4% vs 2021
2023: €2k▲ +129% vs 2022
2024: €-7k▼ -561% vs 2023
2025: €19k▲ +358% vs 2024
2018 → 2025
Working capital
€-3k▲ 86.5%
2024 · €-22k
2018: €-22klowest in 8 years
2019: €3k▲ +112% vs 2018highest in 8 years
2020: €-5k▼ -278% vs 2019
2021: €-11k▼ -136% vs 2020
2022: €-16k▼ -43.9% vs 2021
2023: €-15k▲ +10.1% vs 2022
2024: €-22k▼ -49.7% vs 2023
2025: €-3k▲ +86.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-11k-€-16k▼ 51.4%€-15k▲ 9.9%€-22k▼ 50.9%€-3k▲ 86.9%
2021: €-11k
2022: €-16k▼ -51.4% vs 2021
2023: €-15k▲ +9.9% vs 2022
2024: €-22k▼ -50.9% vs 2023lowest in 5 years
2025: €-3k▲ +86.9% vs 2024highest in 5 years
Operating result€-7k-€-5k▲ 25.5%€2k€-7k€23k
2021: €-7k
2022: €-5k▲ +25.5% vs 2021
2023: €2k▲ +132% vs 2022
2024: €-7k▼ -529% vs 2023lowest in 5 years
2025: €23k▲ +407% vs 2024highest in 5 years
Net result€-7k-€-5k▲ 23.4%€2k€-7k€19k
2021: €-7k
2022: €-5k▲ +23.4% vs 2021
2023: €2k▲ +129% vs 2022
2024: €-7k▼ -561% vs 2023lowest in 5 years
2025: €19k▲ +358% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €23k after a loss of €7k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20k
Fixed assets
€110 ▼ 33.3%
Current assets
€20k ▼ 20.7%
Key figures and ratios
EBITDA
€23k▲
2024 · €-7k
Cash flow
€19k▲
2024 · €-7k
Solvency
-14.1%▲
2024 · -84.7%
Current ratio
0.87▲
2024 · 0.54
Debt to equity
-8.12▼
2024 · -2.18
ROA
92.9%▲
2024 · -28.6%
Interest coverage
98.32▲
2024 · -243.47
Debt
€23k▼
2024 · €48k
Debt ≤ 1 year
€23k▼
2024 · €48k
Income taxes
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€26k€20k▼
Fixed assets21/28€165€110▼
Tangible fixed assets22/27€165€110▼
Furniture and vehicles24€0-
Other tangible fixed assets26€165€110▼
Current assets29/58€26k€20k▼
Amounts receivable within one year40/41€78€11k▲
Trade receivables40-€11k
Other amounts receivable41€78-
Cash at bank and in hand54/58€44€9k▲
Deferred charges and accrued income490/1€26k-
Equity and liabilities
Total equity and liabilities10/49€26k€20k▼
Equity10/15€-22k€-3k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€209€209=
Non-distributable reserves130/1€209€209=
Reserves not available under the articles1311€209€209=
Profit (loss) carried forward14€-28k€-9k▲
Amounts payable17/49€48k€23k▼
Amounts payable within one year42/48€48k€23k▼
Trade debts44€47k€9k▼
Suppliers440/4€47k€9k▼
Taxes, remuneration and social security45-€15k
Taxes450/3-€15k
Other amounts payable47/48€339€113▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55€55=
Gross operating margin9900€-7k€23k▲
Operating profit (loss)9901€-7k€23k▲
Financial charges65/66B€30€230▲
Recurring financial charges65€30€230▲
Profit (loss) for the period before taxes9903€-7k€22k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-7k€19k▲
Profit (loss) for the period to be appropriated9905€-7k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-9k▲
Profit (loss) brought forward from the previous period14P€-21k€-28k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €593 | €469 | €55 | €55 | €55 | = |
| Gross operating margin9900 | €-7k | €-5k | €2k | €-7k | €23k | ▲ 410% |
| Operating profit (loss)9901 | €-7k | €-5k | €2k | €-7k | €23k | ▲ 407% |
| Financial income75/76B | €369 | €76 | €17 | - | - | - |
| Recurring financial income75 | €369 | €76 | €17 | - | - | - |
| Financial charges65/66B | €235 | €124 | €129 | €30 | €230 | ▲ 667% |
| Recurring financial charges65 | €235 | €124 | €129 | €30 | €230 | ▲ 667% |
| Profit (loss) for the period before taxes9903 | €-7k | €-5k | €2k | €-7k | €22k | ▲ 402% |
| Income taxes67/77 | - | - | - | - | €3k | - |
| Profit (loss) for the period9904 | €-7k | €-5k | €2k | €-7k | €19k | ▲ 358% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-5k | €2k | €-7k | €19k | ▲ 358% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76k | €77k | €76k | €26k | €20k | ▼ 20.8% |
| Fixed assets21/28 | €744 | €275 | €220 | €165 | €110 | ▼ 33.3% |
| Tangible fixed assets22/27 | €744 | €275 | €220 | €165 | €110 | ▼ 33.3% |
| Furniture and vehicles24 | €414 | €0 | €0 | €0 | - | - |
| Other tangible fixed assets26 | €330 | €275 | €220 | €165 | €110 | ▼ 33.3% |
| Current assets29/58 | €75k | €77k | €76k | €26k | €20k | ▼ 20.7% |
| Amounts receivable within one year40/41 | €2k | €644 | €924 | €78 | €11k | ▲ 14,557% |
| Trade receivables40 | - | - | - | - | €11k | - |
| Other amounts receivable41 | €2k | €644 | €924 | €78 | - | - |
| Cash at bank and in hand54/58 | €379 | €630 | €113 | €44 | €9k | ▲ 20,343% |
| Deferred charges and accrued income490/1 | €73k | €76k | €75k | €26k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76k | €77k | €76k | €26k | €20k | ▼ 20.8% |
| Equity10/15 | €-11k | €-16k | €-15k | €-22k | €-3k | ▲ 86.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | €6k | €6k | €6k | €6k | = |
| Other1109/19 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €209 | €209 | €209 | €209 | €209 | = |
| Non-distributable reserves130/1 | €209 | €209 | €209 | €209 | €209 | = |
| Reserves not available under the articles1311 | €209 | €209 | €209 | €209 | €209 | = |
| Profit (loss) carried forward14 | €-17k | €-23k | €-21k | €-28k | €-9k | ▲ 67.2% |
| Amounts payable17/49 | €86k | €94k | €91k | €48k | €23k | ▼ 51.1% |
| Amounts payable within one year42/48 | €86k | €94k | €91k | €48k | €23k | ▼ 51.1% |
| Financial debts43 | €231 | €231 | - | - | - | - |
| Credit institutions430/8 | €231 | €231 | - | - | - | - |
| Trade debts44 | €86k | €93k | €91k | €47k | €9k | ▼ 81.7% |
| Suppliers440/4 | €86k | €93k | €91k | €47k | €9k | ▼ 81.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €15k | - |
| Taxes450/3 | - | - | - | - | €15k | - |
| Other amounts payable47/48 | - | - | - | €339 | €113 | ▼ 66.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-5k | €2k | €-7k | €19k | ▲ 358% |
| + Depreciation and write-downs630 | €593 | €469 | €55 | €55 | €55 | = |
| Operating cash flow (approximation) | €-7k | €-5k | €2k | €-7k | €19k | ▲ 360% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €251 | €-517 | €-70 | €9k | ▲ 12,817% |
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
14-09
State Gazette act
Resignation: CARTIAUX Benoît (manager)Appointment: CARTIAUX Benoît (non-statutory director) · Statutes amendment · Capital conversion13 facts ▸
State Gazette act
Resignation: CARTIAUX Benoît (manager)
Appointment: CARTIAUX Benoît (non-statutory director) · Statutes amendment · Capital conversion13 facts ▸
- General meeting, 02-09-2026
- Statutes amendment
- Capital conversion, compte de capitaux propres statutairement indisponible
- Capital conversion, compte de capitaux propres statutairement indisponible
- Capital conversion, compte de capitaux propres apports non appelés
- Reserve release, unanimité, suppression du compte de capitaux propres statutairement indisponible
- Capital conversion, unanimité, dispense de libération des apports non appelés
- Registered office clause, unanimité, Région de Bruxelles-Capitale
- Statutes amendment
- Capital
- Other statement, unanimité, établir et signer la coordination des statuts
- Director resignation, CARTIAUX Benoît (manager)
- +1 further facts in this act
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
CARTIAUX Benoît
CurrentNon-statutory director · since 14-09-2026
14-09-2026
Resigned as Manager
14-09-2026
Appointed as Non-statutory director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2012
Ground area
262 m²
Building footprint
76 m²
Volume, LiDAR
799 m³
Parcel 21383B0020/00V055, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CAP Management
since 20122.207.059.212
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0020/00V055 | Brussels | 262 m² | 1 · 76 m² | 14.3 m · 4 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.
Articles of association
Who signs
Each director alone
Daily management
The board decides whether the delegates act alone or jointly
Annual meeting
Second Tuesday of May at 18:00
Duration
Unlimited
Purpose
A) toutes opérations se rapportant directement ou indirectement à l'installation, la modernisation, l'entretien, la réparation et le dépannage d'ascenseurs, monte-charges…
Full purpose (5 activities)
- A) toutes opérations se rapportant directement ou indirectement à l'installation, la modernisation, l'entretien, la réparation et le dépannage d'ascenseurs, monte-charges, escaliers mécaniques et équivalents.
- B) l'exercice de mandat d'administrateur, de gérant ou autres, dans toutes entreprises ayant un objet analogue ou différent du sien ;
- C) l'investissement et la prise de capital dans des sociétés tierces au sens le plus large ;
- D) toutes activités se rapportant directement ou indirectement à la conception et l'organisation d'événements privés, commerciaux, à la conception et l'organisation de campagnes promotionnelles en rapport avec le point a);
- II. Dans le cadre de l’objet ci-avant, elle peut notamment se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société, liée ou non.
Other provisions of the articles (33)
- Legal form clause: CAP Management
- Registered office clause: Région de Bruxelles-Capitale, sièges administratifs, agences, ateliers, dépôts et succursales, tant en Belgique qu'à l'étranger
- Share class: chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation
- Share issue rule: après un second avis recommandé resté sans résultat pendant un mois, l'organe d'administration peut convoquer l'assemblée générale pour prononcer l'exclusion, l…
- Other statement (14)
- Share issue rule
- Capital
- Share class (2)
- Transfer restriction: toutes cessions entre vifs à titre onéreux ou gratuit, volontaires ou forcées, en usufruit, nue-propriété ou pleine propriété, sur actions ou titres donnant dro…
- Other statement: Démission des actionnaires
- Board rule: sans limitation de durée à défaut d'indication, Organe d'administration
- Dissolution rule: décision de l'assemblée générale, formes prévues pour les modifications aux statuts
- Liquidation rule: si aucun autre liquidateur n'a été désigné, peut désigner un ou plusieurs liquidateurs et déterminer leurs pouvoirs et émoluments
- Liquidation distribution: biens conservés remis pour être partagés dans la même proportion, actif net réparti entre tous les actionnaires en proportion de leurs actions
- Board rule (2)
- Auditor rule
- Meeting access
- Written decisions
Structure & network
Capital and shareholders
Capital over the years
- 14-09-2026 Converted to unavailable equity · 6,200 EUR
- 14-09-2026 Converted to unavailable equity · 208.55 EUR
- 14-09-2026 Converted to uncalled contributions · 12,400 EUR
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 15,135 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
Founded15-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.