CAPAVAN
ActiveSummary
CAPAVAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.01M and a net result of €19k. Equity is growing by ~4.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-2
Solvency100=
Growth44=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 5.49 against 5.68 in 2024; short-term debt: 8.8% and cash: 0.1% of total assets), and 9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
91%
Return on assets
1.7%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
58 d early
2023
56 d early
2022
46 d early
2021
33 d early
2020
15 d early
2019
15 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€131k▲ 0.6%
2022 · €130k
2018: €144k
2019: €129k
2020: €129k
2021: €129k
2022: €130k
2018 → 2023
EBIT margin
24.6%▼ 7.0pp
2022 · 31.6%
2018: 32.4%
2019: 45.5%
2020: 33.8%
2021: 33.3%
2022: 31.6%
2018 → 2023
Net result
€19k▼ 34.0%
2024 · €29k
2018: €45k
2019: €57k
2020: €42k
2021: €41k
2022: €39k
2023: €30k
2024: €29k
2018 → 2025
Working capital
€438k▲ 4.7%
2024 · €419k
2018: €179k
2019: €236k
2020: €278k
2021: €321k
2022: €359k
2023: €390k
2024: €419k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€129k-€130k▲ 0.5%€131k▲ 0.6%
Equity€892k-€932k▲ 4.4%€962k▲ 3.3%€991k▲ 3.0%€1.01M▲ 1.9%
Operating result€43k-€41k▼ 4.6%€32k▼ 21.8%€32k▼ 1.8%€28k▼ 11.6%
Net result€41k-€39k▼ 4.8%€30k▼ 22.8%€29k▼ 4.8%€19k▼ 34.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 12% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€574k =
Current assets
€536k ▲ 5.4%
Equity and liabilities €1.11M
Equity
€1.01M ▲ 1.9%
Debt
€99k ▲ 9.3%
Debt's share of the balance-sheet total rises from 8.4% to 9.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
5.49▼
2024 · 5.68
Debt to equity
0.10▲
2024 · 0.09
ROE
1.9%▼
2024 · 2.9%
ROA
1.7%▼
2024 · 2.7%
Debt ≤ 1 year
€97k▲
2024 · €89k
Income taxes
€7k▲
2024 · €850
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.11M▲
Fixed assets21/28€574k€574k=
Tangible fixed assets22/27€574k€574k=
Land and buildings22€574k€574k=
Current assets29/58€508k€536k▲
Amounts receivable within one year40/41€489k€535k▲
Other amounts receivable41€489k€535k▲
Cash at bank and in hand54/58€18k€651▼
Deferred charges and accrued income490/1€563€36▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.11M▲
Equity10/15€991k€1.01M▲
Contributions10/11€496k€496k=
Capital10€496k€496k=
Issued capital100€496k€496k=
Reserves13€62k€514k▲
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Tax-exempt reserves132€13k€13k=
Distributable reserves133-€452k
Profit (loss) carried forward14€433k€0▼
Amounts payable17/49€91k€99k▲
Amounts payable within one year42/48€89k€97k▲
Trade debts44€898€940▲
Suppliers440/4€898€940▲
Taxes, remuneration and social security45€850€8k▲
Taxes450/3€850€8k▲
Other amounts payable47/48€88k€89k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Other operating charges640/8€95k€98k▲
Gross operating margin9900€126k€126k▼
Operating profit (loss)9901€32k€28k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€30k€26k▼
Income taxes67/77€850€7k▲
Profit (loss) for the period9904€29k€19k▼
Profit (loss) for the period to be appropriated9905€29k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€433k€452k▲
Profit (loss) brought forward from the previous period14P€404k€433k▲
Transfer to equity691/2€0€452k▲
To the legal reserve6920€0€0▼
To other reserves6921-€452k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
State Gazette act
Reappointments: Rita Rogge, Carlos Vanlerberghe and Joachim VanlerbergheAppointment: Joachim Vanlerberghe (chair of the board)7 facts ▸
State Gazette act
Reappointments: Rita Rogge, Carlos Vanlerberghe and Joachim Vanlerberghe
Appointment: Joachim Vanlerberghe (chair of the board)7 facts ▸
- General meeting, 30-06-2026
- Director reappointment, Rita Rogge (director)
- Director reappointment, Carlos Vanlerberghe (director)
- Director reappointment, Joachim Vanlerberghe (director)
- Board meeting, 30-06-2026
- Director appointment, Joachim Vanlerberghe (chair of the board)
- Director reappointment, Joachim Vanlerberghe (managing director)
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €19k ▼34%
Net result drops to €19k, the lowest in the series.
31-12
Financial
Equity above €1MEq €1.01M ▲1.9%
8 profitable years in a row build equity to €1.01M.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €57k ▲27.1%
Operating result €59k, net result €57k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26114172). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Carlos Vanlerberghe
CurrentDirector · since 30-06-2026
Joachim Vanlerberghe
CurrentDirector · since 30-06-2026
Rita Rogge
CurrentDirector · since 30-06-2026
30-06-2026
Carlos Vanlerberghe: Mandate renewed as Director
30-06-2026
Joachim Vanlerberghe: Mandate renewed as Director
30-06-2026
Joachim Vanlerberghe: Appointed as Chair of the board
30-06-2026
Joachim Vanlerberghe: Mandate renewed as Managing director
30-06-2026
Rita Rogge: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have 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, Harelbeke
Ground area
204 m²
Building footprint
136 m²
Volume, LiDAR
948 m³
Parcel 34017C0175/00S000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017C0175/00S000 | Flanders | 204 m² | 1 · 136 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyLinked via shared directors
via Carlos Vanlerberghe · Director
former→
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-1990
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.