CAPCO
ActiveSummary
CAPCO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €428,654 and a net result of €13,582. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 95% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+24
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 31.81; short-term debt: 3.1% and cash: 35.1% of total assets), and 3.1% of the assets are financed with debt.
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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 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
96.9%
Return on assets
3.1%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
18 d early
2023
11 d early
2022
10 d early
2021
6 d early
2020
2 d early
2019
2 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 11 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. Usually files around 21 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,582▼ 29.4%
2024 · €19,228
Working capital
€416,040▲ 3.2%
2024 · €403,173
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,110-€22,398▼ 58.7%€15,382€19,425▲ 26.3%€13,780▼ 29.1%
Net result-€21,313below the sector's middle half-€30,534below the sector's middle half▼ 43.3%€15,084within the sector's middle half€19,228within the sector's middle half▲ 27.5%€13,582within the sector's middle half▼ 29.4%
Equity€411,294within the sector's middle half▼ 4.9%€380,760above the sector's middle half▼ 7.4%€395,844above the sector's middle half▲ 4.0%€415,072above the sector's middle half▲ 4.9%€428,654above the sector's middle half▲ 3.3%
Total assets€1.4mwithin the sector's middle half▼ 0.5%€392,412within the sector's middle half▼ 71.1%€400,051within the sector's middle half▲ 1.9%€417,838within the sector's middle half▲ 4.4%€442,158within the sector's middle half▲ 5.8%
Debt€945,888▲ 1.6%€11,652▼ 98.8%€4,207▼ 63.9%€2,766▼ 34.3%€13,504▲ 388%
Working capital€4,475within the sector's middle half▼ 93.1%€374,010above the sector's middle half▲ 8,258%€389,094above the sector's middle half▲ 4.0%€403,173above the sector's middle half▲ 3.6%€416,040above the sector's middle half▲ 3.2%
Solvency30.3%within the sector's middle half▼ 1.4pp97.0%above the sector's middle half▲ 66.7pp98.9%above the sector's middle half▲ 1.9pp99.3%above the sector's middle half▲ 0.4pp96.9%above the sector's middle half▼ 2.4pp
Current ratio1.02within the sector's middle half▼ 0.3233.10above the sector's middle half▲ 32.0893.49above the sector's middle half▲ 60.3931.81above the sector's middle half
Return on assets (ROA)-1.6%below the sector's middle half▼ 2.0pp-7.8%below the sector's middle half▼ 6.2pp3.8%within the sector's middle half▲ 11.6pp4.6%within the sector's middle half▲ 0.8pp3.1%within the sector's middle half▼ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €442,158
Fixed assets
€12,614 ▲ 6.0%
Current assets
€429,544 ▲ 5.8%
Equity and liabilities €442,158
Equity
€428,654 ▲ 3.3%
Debt
€13,504 ▲ 388%
Debt's share of the balance-sheet total rises from 0.7% to 3.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,495
Cash flow
€14,297
Debt to equity
0.03▲
2024 · 0.01
ROE
3.2%▼
2024 · 4.6%
Interest coverage
73.21
Debt ≤ 1 year
€13,504▲
2024 · €2,766
Staff costs
€400▼
2024 · €1,369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,039 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €868 | €868 | €1,828 | €1,369 | €400 | ▼ 70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,725 | €23,746 | - | - | €715 | - |
| Other operating charges640/8 | €5,264 | €5,822 | - | - | - | - |
| Gross operating margin9900 | €12,747 | €8,038 | €17,210 | €20,794 | €14,895 | ▼ 28.4% |
| Operating profit (loss)9901 | -€14,110 | -€22,398 | €15,382 | €19,425 | €13,780 | ▼ 29.1% |
| Financial charges65/66B | €7,203 | €8,136 | €298 | €197 | €198 | ▲ 0.5% |
| Recurring financial charges65 | €7,203 | €8,136 | €298 | €197 | €198 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | -€21,313 | -€30,534 | €15,084 | €19,228 | €13,582 | ▼ 29.4% |
| Profit (loss) for the period9904 | -€21,313 | -€30,534 | €15,084 | €19,228 | €13,582 | ▼ 29.4% |
| Profit (loss) for the period to be appropriated9905 | -€21,313 | -€30,534 | €15,084 | €19,228 | €13,582 | ▼ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €392,412 | €400,051 | €417,838 | €442,158 | ▲ 5.8% |
| Fixed assets21/28 | €1.1m | €6,750 | €6,750 | €11,899 | €12,614 | ▲ 6.0% |
| Intangible fixed assets21 | - | - | - | €5,149 | €5,149 | = |
| Tangible fixed assets22/27 | €1.1m | - | - | - | €715 | - |
| Land and buildings22 | €1.1m | - | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €715 | - |
| Financial fixed assets28 | - | €6,750 | €6,750 | €6,750 | €6,750 | = |
| Current assets29/58 | €270,087 | €385,662 | €393,301 | €405,939 | €429,544 | ▲ 5.8% |
| Amounts receivable within one year40/41 | €16,004 | €4 | €22,376 | €12,004 | €24,004 | ▲ 100.0% |
| Trade receivables40 | €16,000 | - | €12,000 | €12,000 | €24,000 | ▲ 100% |
| Other amounts receivable41 | €4 | €4 | €10,376 | €4 | €4 | = |
| Current investments50/53 | €250,536 | €326,688 | €329,705 | €315,536 | €250,536 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €3,547 | €58,970 | €41,220 | €78,399 | €155,004 | ▲ 97.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €392,412 | €400,051 | €417,838 | €442,158 | ▲ 5.8% |
| Equity10/15 | €411,294 | €380,760 | €395,844 | €415,072 | €428,654 | ▲ 3.3% |
| Contributions10/11 | €459,819 | €459,819 | €459,819 | €505,801 | €505,801 | = |
| Capital10 | €459,819 | €459,819 | - | - | - | - |
| Issued capital100 | €459,819 | €459,819 | - | - | - | - |
| Reserves13 | €45,982 | €45,982 | €45,982 | - | - | - |
| Non-distributable reserves130/1 | €45,982 | €45,982 | €45,982 | - | - | - |
| Legal reserve130 | €45,982 | €45,982 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €45,982 | - | - | - |
| Profit (loss) carried forward14 | -€94,507 | -€125,041 | -€109,957 | -€90,729 | -€77,147 | ▲ 15.0% |
| Amounts payable17/49 | €945,888 | €11,652 | €4,207 | €2,766 | €13,504 | ▲ 388% |
| Amounts payable after more than one year17 | €680,276 | - | - | - | - | - |
| Financial debts170/4 | €241,881 | - | - | - | - | - |
| Other amounts payable178/9 | €438,395 | - | - | - | - | - |
| Amounts payable within one year42/48 | €265,612 | €11,652 | €4,207 | €2,766 | €13,504 | ▲ 388% |
| Trade debts44 | €7,303 | €3,245 | €4,207 | €1,936 | €3,037 | ▲ 56.9% |
| Suppliers440/4 | €7,303 | €3,245 | €4,207 | €1,936 | €3,037 | ▲ 56.9% |
| Other amounts payable47/48 | €258,309 | €8,407 | - | €830 | €10,467 | ▲ 1,161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,313 | -€30,534 | €15,084 | €19,228 | €13,582 | ▼ 29.4% |
| + Depreciation and write-downs630 | €20,725 | €23,746 | - | - | €715 | - |
| Operating cash flow (approximation) | -€588 | -€6,788 | €15,084 | €19,228 | €14,297 | ▼ 25.6% |
| Investment in fixed assets (approximation) | - | €1.1m | €0 | -€5,149 | -€1,430 | ▲ 72.2% |
| Change in cash | - | €55,423 | -€17,750 | €37,179 | €76,605 | ▲ 106% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €19,228 ▲27.5%
Operating result €19,425, net result €19,228, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €15,084
Net result €15,084 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 93.49
Current ratio from 33.10 to 93.49; short-term debt falls from €11,652 to €4,207.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 33current ratio 33.10
Current ratio from 1.02 to 33.10; short-term debt falls from €265,612 to €11,652.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5,709
Net result €5,709 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ukkel · 3 establishment units since 1997
Ground area
9,448 m²
Building footprint
156 m²
Volume, LiDAR
1,993 m³
3 parcels, Brussels, Wallonia · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
Colonel Chaltinstraat 19, 1180 Ukkel
since 19972.130.279.158
Overwinningsstraat 185, 1060 Sint-Gillis (bij-Brussel)
since 19972.130.279.257
CAPCO
since 20082.174.851.945
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61007A0127/00V003 | Wallonia | 9,218 m² | - | - |
| 21614E0057/00B005 | Brussels | 149 m² | 1 · 80 m² | 12.2 m · 4 fl. |
| 21013B0332/00B003 | Brussels | 81 m² | 1 · 76 m² | 18.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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V.G.B.S.
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Syndic219
BE 0477.973.339
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,715 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
Founded23-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.