CAPARBEL
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 19 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36.9m▼ 88.0%
2024 · €307.2m
Working capital
€455.3m▲ 219%
2024 · €142.9m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€38,565
▲ 9.6%
2025
20182025
Net result
€36.9m
▼ 88.0%
2025
20182025
Equity
€6.22bn
▼ 0.3%
2025
20182025
Total assets
€6.28bn
▼ 3.5%
2025
20182025
Debt
€59.0m
▼ 77.9%
2025
20182025
Working capital
€455.3m
▲ 219%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.2m--€0.09m▲ 49.0%-€0.1m▼ 13.9%-€0.08m▲ 20.0%-€0.03m▲ 58.9%-€0.03m▲ 4.3%-€0.04m▼ 30.3%-€0.04m▲ 9.6%
Net result-€0.06m-€120.0m€47.3m▼ 60.5%€64.2m▲ 35.6%€0.5m▼ 99.2%€2.5m▲ 402%€307.2m▲ 125×€36.9m▼ 88.0%
Equity€6,334.5m-€6,340.5m▲ 0.1%€6,342.9m=€6,346.1m▲ 0.1%€6,346.6m=€6,199.1m▼ 2.3%€6,241.3m▲ 0.7%€6,223.1m▼ 0.3%
Total assets€6,334.7m-€6,454.5m▲ 1.9%€6,387.9m▼ 1.0%€6,407.1m▲ 0.3%€6,346.7m▼ 0.9%€6,350.0m▲ 0.1%€6,508.7m▲ 2.5%€6,282.1m▼ 3.5%
Debt€0.2m-€113.9m▲ 669×€45.0m▼ 60.5%€61.0m▲ 35.6%€0.05m▼ 99.9%€151.0m▲ 3,084×€267.4m▲ 77.1%€59.0m▼ 77.9%
Working capital€86.1m-€92.2m▲ 7.0%€94.5m▲ 2.6%€97.7m▲ 3.4%€98.2m▲ 0.5%€100.7m▲ 2.5%€142.9m▲ 41.9%€455.3m▲ 219%
The operating result for 2025 is a loss of €38,565, smaller than the loss of €42,668 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.28bn
Fixed assets
€5.77bn ▼ 5.4%
Current assets
€514.2m ▲ 25.3%
Equity and liabilities €6.28bn
Equity
€6.22bn ▼ 0.3%
Debt
€59.0m ▼ 77.9%
Debt's share of the balance-sheet total falls from 4.1% to 0.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
8.72▲
2024 · 1.53
Debt to equity
0.01▼
2024 · 0.04
ROE
0.6%▼
2024 · 4.9%
ROA
0.6%▼
2024 · 4.7%
Debt ≤ 1 year
€59.0m▼
2024 · €267.4m
Income taxes
€2.8m▲
2024 · €2.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Auditor
The auditor is Forvis Mazars Réviseurs d’Entreprises.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €8,071 | €8,742 | €7,507 | €8,088 | €7,358 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating charges60/66A | - | - | - | €0.08m | €0.03m | €0.03m | €0.04m | €0.04m | ▼ 9.6% |
| Services and other goods61 | - | - | - | €0.07m | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 17.6% |
| Other operating charges640/8 | - | - | - | €0.01m | - | €0.001m | €0.001m | €0.004m | ▲ 265% |
| Operating profit (loss)9901 | -€0.2m | -€0.09m | -€0.1m | -€0.08m | -€0.03m | -€0.03m | -€0.04m | -€0.04m | ▲ 9.6% |
| Financial income75/76B | - | - | - | €64.3m | €0.5m | €3.4m | €309.6m | €370.1m | ▲ 19.6% |
| Recurring financial income75 | €0.05m | €120.0m | €47.4m | €64.3m | €0.5m | €3.4m | €309.6m | €370.1m | ▲ 19.6% |
| Income from financial fixed assets750 | - | - | - | €64.2m | - | - | €300.1m | €360.0m | ▲ 19.9% |
| Income from current assets751 | - | - | - | €0.07m | €0.5m | €3.4m | €9.4m | €10.2m | ▲ 7.5% |
| Other financial income752/9 | - | - | - | - | €0.003m | - | - | - | - |
| Financial charges65/66B | - | - | - | €265 | €319 | €345 | €428 | €330.5m | ▲ 772,839× |
| Recurring financial charges65 | €101 | €123 | €130 | €265 | €319 | €345 | €428 | €407 | ▼ 4.9% |
| Other financial charges652/9 | - | - | - | €265 | €319 | €345 | €428 | €407 | ▼ 4.9% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €330.5m | - |
| Profit (loss) for the period before taxes9903 | -€0.1m | €120.0m | €47.3m | €64.2m | €0.5m | €3.4m | €309.5m | €39.6m | ▼ 87.2% |
| Income taxes67/77 | -€0.07m | - | - | - | - | €0.9m | €2.3m | €2.8m | ▲ 17.7% |
| Taxes670/3 | - | - | - | - | - | €0.9m | €2.3m | €2.8m | ▲ 17.7% |
| Profit (loss) for the period9904 | -€0.06m | €120.0m | €47.3m | €64.2m | €0.5m | €2.5m | €307.2m | €36.9m | ▼ 88.0% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €1.0m | €1.0m | = |
| Profit (loss) for the period to be appropriated9905 | -€0.06m | €120.0m | €47.3m | €64.2m | €0.5m | €2.5m | €306.2m | €35.9m | ▼ 88.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6,334.7m | €6,454.5m | €6,387.9m | €6,407.1m | €6,346.7m | €6,350.0m | €6,508.7m | €6,282.1m | ▼ 3.5% |
| Fixed assets21/28 | €6,248.4m | €6,248.4m | €6,248.4m | €6,248.4m | €6,248.4m | €6,098.4m | €6,098.4m | €5,767.9m | ▼ 5.4% |
| Financial fixed assets28 | €6,248.4m | €6,248.4m | €6,248.4m | €6,248.4m | €6,248.4m | €6,098.4m | €6,098.4m | €5,767.9m | ▼ 5.4% |
| Affiliated companies280/1 | - | - | - | €6,248.4m | €6,248.4m | €6,098.4m | €6,098.4m | €5,767.9m | ▼ 5.4% |
| Participating interests280 | - | - | - | €6,248.4m | €6,248.4m | €6,098.4m | €6,098.4m | €5,767.9m | ▼ 5.4% |
| Current assets29/58 | €86.3m | €206.1m | €139.5m | €158.8m | €98.3m | €251.7m | €410.3m | €514.2m | ▲ 25.3% |
| Amounts receivable within one year40/41 | - | - | €139.5m | €158.8m | €98.3m | €251.7m | €410.3m | €514.2m | ▲ 25.3% |
| Other amounts receivable41 | - | - | - | €158.8m | €98.3m | €251.7m | €410.3m | €514.2m | ▲ 25.3% |
| Cash at bank and in hand54/58 | €86.3m | €206.1m | - | - | - | €0.004m | €0.004m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6,334.7m | €6,454.5m | €6,387.9m | €6,407.1m | €6,346.7m | €6,350.0m | €6,508.7m | €6,282.1m | ▼ 3.5% |
| Equity10/15 | €6,334.5m | €6,340.5m | €6,342.9m | €6,346.1m | €6,346.6m | €6,199.1m | €6,241.3m | €6,223.1m | ▼ 0.3% |
| Contributions10/11 | €6,334.1m | €6,334.1m | €6,334.1m | €6,334.1m | €6,334.1m | €6,184.1m | €6,184.1m | €6,184.1m | = |
| Capital10 | - | - | - | €6,334.1m | €6,334.1m | €6,184.1m | €6,184.1m | €6,184.1m | = |
| Issued capital100 | - | - | - | €6,334.1m | €6,334.1m | €6,184.1m | €6,184.1m | €6,184.1m | = |
| Reserves13 | €0.5m | €6.5m | €8.8m | €12.0m | €12.1m | €12.2m | €28.5m | €31.3m | ▲ 9.8% |
| Non-distributable reserves130/1 | - | - | - | €12.0m | €12.1m | €12.2m | €27.5m | €29.3m | ▲ 6.5% |
| Legal reserve130 | - | - | - | €12.0m | €12.1m | €12.2m | €27.5m | €29.3m | ▲ 6.5% |
| Tax-exempt reserves132 | - | - | - | - | - | - | €1.0m | €2.0m | ▲ 100% |
| Profit (loss) carried forward14 | -€0.05m | €0.01m | €0.02m | €0.02m | €0.5m | €2.8m | €28.7m | €7.8m | ▼ 72.9% |
| Amounts payable17/49 | €0.2m | €113.9m | €45.0m | €61.0m | €0.05m | €151.0m | €267.4m | €59.0m | ▼ 77.9% |
| Amounts payable within one year42/48 | €0.2m | €113.9m | €45.0m | €61.0m | €0.05m | €151.0m | €267.4m | €59.0m | ▼ 77.9% |
| Financial debts43 | - | - | - | - | - | €0.02m | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €0.02m | - | - | - |
| Trade debts44 | €0.04m | €0.02m | €0.02m | €0.02m | €0.05m | €0.02m | €0.06m | €0.09m | ▲ 54.5% |
| Suppliers440/4 | - | - | - | €0.02m | €0.05m | €0.02m | €0.06m | €0.09m | ▲ 54.5% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.9m | €2.1m | €3.6m | ▲ 73.5% |
| Taxes450/3 | - | - | - | - | - | €0.9m | €2.1m | €3.6m | ▲ 73.5% |
| Other amounts payable47/48 | - | - | - | €61.0m | - | €150.0m | €265.2m | €55.2m | ▼ 79.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.06m | €120.0m | €47.3m | €64.2m | €0.5m | €2.5m | €307.2m | €36.9m | ▼ 88.0% |
| Operating cash flow (approximation) | -€0.06m | €120.0m | €47.3m | €64.2m | €0.5m | €2.5m | €307.2m | €36.9m | ▼ 88.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €150.0m | €0 | €330.5m | - |
| Change in cash | - | €119.8m | - | - | - | - | -€238 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 19-06-2026 | 2026-00189214 | |
| 31-12-2024 | full format | 08-07-2025 | 2025-00259240 | |
| 31-12-2023 | full format | 18-06-2024 | 2024-00149693 | |
| 31-12-2022 | full format | 04-07-2023 | 2023-00221983 | |
| 31-12-2021 | full format | 16-06-2022 | 2022-20075125 | |
| 31-12-2020 | full format | 06-07-2021 | 2021-31400321 | |
| 31-12-2019 | full format | 29-07-2020 | 2020-37000192 | |
| 31-12-2018 | full format | 25-06-2019 | 2019-23300068 | |
| 31-12-2017 | full format | 11-07-2018 | 2018-31000425 | |
| 31-12-2016 | full format | 28-07-2017 | 2017-37500163 |