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CAPFORCE

Active Risk: not assessed
Public limited companyfounded 2017active for 9 yearsRodebeukendreef 5a, 9050 Gent, BelgiumKBO/BCE: BE 0681.471.817
Summary

CAPFORCE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5.1m and a net result of €897,411. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 89% of 6,577 sector peers (NACE 64, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of holding companies
NACE 64210
1 site
Size
€5.4mtotal assets 2025
Staff
1.9 FTE
Equity
€5.1m
Profit
€897,411
Turnover not published (abbreviated format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Holdings
2
Accounts 99 days early0 of 4 deeds read
SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

1 signal.
neutral
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 23-04-2026, 99 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
99 days early
2024
128 days early
2023
29 days early
2022
119 days early
2021
17 days early
2020
36 days early
2019
38 days 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 67 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 April (4 of the last 5 filed years within 71 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Liquidity more than 6 timescurrent ratio 4.43
  3. Equity above €5mequity €5.1m ▲21.3%

Financials · financial year 2025, abbreviated format

Equity
€5.1m▲ 21.3%
2024 · €4.2m
Net result
€897,411▼ 25.6%
2024 · €1.2m
Total assets
€5.4m▼ 0.4%
2024 · €5.4m
Solvency
94.2%▲ 16.9pp
2024 · 77.4%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has fallen two years in a row; 2025 is 46% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.09m 2025 Net result€0.9m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.5m-€0.2m▼ 67.1%€0.3m▲ 66.4%€0.2m▼ 20.2%€0.2m▲ 4.0%€0.2m▲ 15.7%€0.2m▼ 28.9%€0.09m▼ 45.8%
Net result€0.3m-€0.8m▲ 184%€0.4mabove the sector's middle half▼ 56.0%€0.3mabove the sector's middle half▼ 23.6%€0.6mabove the sector's middle half▲ 105%€0.6mabove the sector's middle half▲ 10.2%€1.2mabove the sector's middle half▲ 93.3%€0.9mabove the sector's middle half▼ 25.6%
Equity€0.5m-€1.3m▲ 164%€1.7mwithin the sector's middle half▲ 27.3%€2.0mabove the sector's middle half▲ 16.4%€2.4mabove the sector's middle half▲ 21.2%€3.0mabove the sector's middle half▲ 26.2%€4.2mabove the sector's middle half▲ 40.2%€5.1mabove the sector's middle half▲ 21.3%
Total assets€3.7m-€3.7m=€3.9mabove the sector's middle half▲ 6.4%€4.2mabove the sector's middle half▲ 5.9%€4.0mabove the sector's middle half▼ 3.7%€4.4mabove the sector's middle half▲ 9.6%€5.4mabove the sector's middle half▲ 23.2%€5.4mabove the sector's middle half▼ 0.4%
Debt€3.2m-€2.4m▼ 25.6%€2.3m▼ 5.2%€2.2m▼ 1.9%€1.7m▼ 25.6%€1.4m▼ 14.4%€1.2m▼ 12.9%€0.3m▼ 74.7%
Working capital-€1.3m--€0.7m▲ 49.3%-€0.08mwithin the sector's middle half▲ 87.0%€0.2mwithin the sector's middle half-€0.2mwithin the sector's middle half-€0.2mbelow the sector's middle half▼ 49.3%-€0.2mbelow the sector's middle half▲ 0.9%€0.4mabove the sector's middle half
Solvency13.5%-35.7%▲ 22.1pp42.7%within the sector's middle half▲ 7.0pp46.9%within the sector's middle half▲ 4.2pp59.0%within the sector's middle half▲ 12.1pp68.0%within the sector's middle half▲ 9.0pp77.4%within the sector's middle half▲ 9.4pp94.2%above the sector's middle half▲ 16.9pp
Current ratio0.09-0.16▲ 0.070.64within the sector's middle half▲ 0.481.67within the sector's middle half▲ 1.030.58within the sector's middle half▼ 1.090.16below the sector's middle half▼ 0.420.64within the sector's middle half▲ 0.484.43above the sector's middle half▲ 3.78
Return on assets (ROA)7.8%-22.1%▲ 14.3pp9.1%within the sector's middle half▼ 13.0pp6.6%within the sector's middle half▼ 2.5pp14.0%above the sector's middle half▲ 7.4pp14.1%above the sector's middle half▲ 0.1pp22.2%above the sector's middle half▲ 8.0pp16.6%above the sector's middle half▼ 5.6pp
Staff (FTE)1.6above the sector's middle half1.9above the sector's middle half▲ 18.8%
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets €4.9m ▼ 1.1%
Current assets €474,595 ▲ 7.6%
Equity and liabilities €5.4m
Equity €5.1m ▲ 21.3%
Debt €311,761 ▼ 74.7%
Debt's share of the balance-sheet total falls from 22.6% to 5.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
17.6%▼
2024 · 28.7%
Debt ≤ 1 year
€107,176▼
2024 · €685,558
Debt > 1 year
€204,585▼
2024 · €544,585
Income taxes
€25,371▼
2024 · €44,744
Staff costs
€164,095▲
2024 · €123,904
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.4m€5.4m▼
Fixed assets21/28€5.0m€4.9m▼
Intangible fixed assets21€0.005m€0.003m▼
Financial fixed assets28€5.0m€4.9m▼
Current assets29/58€0.4m€0.5m▲
Amounts receivable within one year40/41€0.3m€0.3m▲
Trade receivables40€0.07m€0.07m▼
Other amounts receivable41€0.3m€0.3m▲
Cash at bank and in hand54/58€0.1m€0.1m▲
Deferred charges and accrued income490/1€0.003m€0.003m▲
Equity and liabilities
Total equity and liabilities10/49€5.4m€5.4m▼
Equity10/15€4.2m€5.1m▲
Contributions10/11€0.2m€0.2m=
Capital10€0.2m€0.2m=
Issued capital100€0.2m€0.2m=
Reserves13€4.0m€4.9m▲
Non-distributable reserves130/1€0.02m€0.02m=
Legal reserve130€0.02m€0.02m=
Distributable reserves133€4.0m€4.9m▲
Profit (loss) carried forward14€0.001m€0▼
Amounts payable17/49€1.2m€0.3m▼
Amounts payable after more than one year17€0.5m€0.2m▼
Financial debts170/4€0-
Other amounts payable178/9€0.5m€0.2m▼
Amounts payable within one year42/48€0.7m€0.1m▼
Current portion of amounts payable after more than one year42€0.07m€0▼
Trade debts44€0.09m€0.03m▼
Suppliers440/4€0.09m€0.03m▼
Taxes, remuneration and social security45€0.03m€0.04m▲
Taxes450/3€0.01m€0.02m▲
Remuneration and social security454/9€0.02m€0.03m▲
Other amounts payable47/48€0.5m€0.03m▼
Accrued charges and deferred income492/3€176€0▼
Income statement Code20242025
Remuneration, social security and pensions62€0.1m€0.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.002m€0.002m▲
Other operating charges640/8€0.001m€0.001m▼
Gross operating margin9900€0.3m€0.3m▼
Operating profit (loss)9901€0.2m€0.09m▼
Financial income75/76B€1.1m€0.8m▼
Recurring financial income75€1.1m€0.8m▼
Financial charges65/66B€0.002m€290▼
Recurring financial charges65€0.002m€290▼
Profit (loss) for the period before taxes9903€1.3m€0.9m▼
Income taxes67/77€0.04m€0.03m▼
Profit (loss) for the period9904€1.2m€0.9m▼
Profit (loss) for the period to be appropriated9905€1.2m€0.9m▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.2m€0.9m▼
Profit (loss) brought forward from the previous period14P€0€0.001m▲
Transfer to equity691/2€1.2m€0.9m▼
To other reserves6921€1.2m€0.9m▼
Social balance sheet
Average headcount (FTE)90871.61.9▲

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62------€0.1m€0.2m▲ 32.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630------€0.002m€0.002m▲ 46.4%
Other operating charges640/8---€0.001m€0.001m€0.001m€0.001m€0.001m▼ 8.9%
Gross operating margin9900€0.5m€0.2m€0.3m€0.2m€0.2m€0.2m€0.3m€0.3m▼ 12.9%
Operating profit (loss)9901€0.5m€0.2m€0.3m€0.2m€0.2m€0.2m€0.2m€0.09m▼ 45.8%
Financial income75/76B---€0.2m€0.4m€0.5m€1.1m€0.8m▼ 23.2%
Recurring financial income75€148€0.8m€0.2m€0.2m€0.4m€0.5m€1.1m€0.8m▼ 23.2%
Financial charges65/66B---€0.04m€0.01m€0.004m€0.002m€290▼ 86.3%
Recurring financial charges65€0.06m€0.05m€0.05m€0.04m€0.01m€0.004m€0.002m€290▼ 86.3%
Profit (loss) for the period before taxes9903€0.4m€0.9m€0.4m€0.3m€0.6m€0.7m€1.3m€0.9m▼ 26.2%
Income taxes67/77€0.1m€0.03m€0.05m€0.04m€0.05m€0.1m€0.04m€0.03m▼ 43.3%
Profit (loss) for the period9904€0.3m€0.8m€0.4m€0.3m€0.6m€0.6m€1.2m€0.9m▼ 25.6%
Profit (loss) for the period to be appropriated9905€0.3m€0.8m€0.4m€0.3m€0.6m€0.6m€1.2m€0.9m▼ 25.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€3.7m€3.7m€3.9m€4.2m€4.0m€4.4m€5.4m€5.4m▼ 0.4%
Fixed assets21/28€3.6m€3.6m€3.8m€3.8m€3.8m€4.4m€5.0m€4.9m▼ 1.1%
Intangible fixed assets21------€0.005m€0.003m▼ 43.2%
Financial fixed assets28€3.6m€3.6m€3.8m€3.8m€3.8m€4.4m€5.0m€4.9m▼ 1.1%
Current assets29/58€0.1m€0.1m€0.2m€0.4m€0.2m€0.05m€0.4m€0.5m▲ 7.6%
Amounts receivable after more than one year29---€0.07m€0----
Other amounts receivable291---€0.07m€0----
Amounts receivable within one year40/41€2€0.03m€0.03m€0.2m€0.004m€0.04m€0.3m€0.3m▲ 4.0%
Trade receivables40---€0.2m€0.004m€0.04m€0.07m€0.07m▼ 0.1%
Other amounts receivable41---€0.01m€0-€0.3m€0.3m▲ 5.2%
Cash at bank and in hand54/58€0.1m€0.1m€0.04m€0.07m€0.2m€0.008m€0.1m€0.1m▲ 17.8%
Deferred charges and accrued income490/1---€0.005m€0.001m€0.001m€0.003m€0.003m▲ 19.0%
Equity and liabilities
Total equity and liabilities10/49€3.7m€3.7m€3.9m€4.2m€4.0m€4.4m€5.4m€5.4m▼ 0.4%
Equity10/15€0.5m€1.3m€1.7m€2.0m€2.4m€3.0m€4.2m€5.1m▲ 21.3%
Contributions10/11€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Capital10---€0.2m€0.2m€0.2m€0.2m€0.2m=
Issued capital100---€0.2m€0.2m€0.2m€0.2m€0.2m=
Reserves13€0.3m€1.1m€1.5m€1.8m€2.2m€2.8m€4.0m€4.9m▲ 22.4%
Non-distributable reserves130/1---€0.02m€0.02m€0.02m€0.02m€0.02m=
Legal reserve130---€0.02m€0.02m€0.02m€0.02m€0.02m=
Distributable reserves133---€1.7m€2.2m€2.8m€4.0m€4.9m▲ 22.5%
Profit (loss) carried forward14€0.002m€0.003m€0.004m€467€469€0€0.001m€0▼ 100%
Amounts payable17/49€3.2m€2.4m€2.3m€2.2m€1.7m€1.4m€1.2m€0.3m▼ 74.7%
Amounts payable after more than one year17€1.8m€1.6m€2.0m€2.0m€1.3m€1.1m€0.5m€0.2m▼ 62.4%
Financial debts170/4---€0.5m€0.3m€0.07m€0--
Other amounts payable178/9---€1.5m€1.0m€1.0m€0.5m€0.2m▼ 62.4%
Amounts payable within one year42/48€1.4m€0.8m€0.2m€0.2m€0.4m€0.3m€0.7m€0.1m▼ 84.4%
Current portion of amounts payable after more than one year42---€0.2m€0.2m€0.2m€0.07m€0▼ 100%
Trade debts44€0.009m€0.009m€20€0.02m€0.02m€0.03m€0.09m€0.03m▼ 64.9%
Suppliers440/4---€0.02m€0.02m€0.03m€0.09m€0.03m▼ 64.9%
Taxes, remuneration and social security45---€0.01m€0.02m€0.06m€0.03m€0.04m▲ 45.9%
Taxes450/3---€0.01m€0.02m€0.06m€0.01m€0.02m▲ 75.6%
Remuneration and social security454/9------€0.02m€0.03m▲ 32.2%
Other amounts payable47/48----€0.2m€0€0.5m€0.03m▼ 93.5%
Accrued charges and deferred income492/3---€0.01m€0-€176€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.8m€0.4m€0.3m€0.6m€0.6m€1.2m€0.9m▼ 25.6%
+ Depreciation and write-downs630------€0.002m€0.002m▲ 46.4%
Operating cash flow (approximation)€0.3m€0.8m€0.4m€0.3m€0.6m€0.6m€1.2m€0.9m▼ 25.5%
Investment in fixed assets (approximation)-€0-€0.2m€0€0-€0.6m-€0.6m€0.05m-
Change in cash--€0.03m-€0.05m€0.02m€0.2m-€0.2m€0.1m€0.02m▼ 80.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (9)
Financial year Type Filed Reference
31-12-2025 abbreviated format 23-04-2026 2026-00089236
31-12-2024 abbreviated format 25-03-2025 2025-00055011
31-12-2023 abbreviated format 02-07-2024 2024-00214214
31-12-2022 abbreviated format 03-04-2023 2023-00054441
31-12-2021 abbreviated format 14-07-2022 2022-20192915
31-12-2020 abbreviated format 25-06-2021 2021-26100201
31-12-2019 abbreviated format 23-06-2020 2020-19500087
31-12-2018 abbreviated format 04-07-2019 2019-29100266
31-12-2017 abbreviated format 27-07-2018 2018-38800586

Similar companies · same sector, comparable size

Of the 24,456 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,971. 8,095 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €130 awarded · €130 paid
Schemes
1 entry · €130 · €130 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

2 owners

Owners 2

According to the 2023 annual accounts of CAPFORCE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Holdings and subsidiaries

2 holdings · 3 subsidiaries in the tree

Holdings 2

Source for every holding own accounts 2023

All subsidiaries, including indirect ones 3

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2023 annual accounts of CAPFORCE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

No directors read yet: 0 of 4 Gazette acts processed.

History

CAPFORCE was incorporated on 18 September 2017.1 Total assets rose from €3.7m in 2018 to €5.4m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
23-04
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial Liquidity more than 6 timescurrent ratio 4.43
Current ratio from 0.64 to 4.43; short-term debt falls from €685,558 to €107,176.
31-12
Financial Equity above €5mequity €5.1m ▲21.3%
A profit in every financial year since 2018 builds equity to €5.1m.
25-03
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
31-12
Financial Highest result from 2018 to 2025net €1.2m ▲93.3%
Net result €1.2m, the highest in the series.
02-07
NBB filing Annual accounts filed
financial year 2023 · abbreviated format
2023
03-04
NBB filing Annual accounts filed
financial year 2022 · abbreviated format
2022
31-12
Financial Equity above €2mequity €2.4m ▲21.2%
A profit in every financial year since 2018 builds equity to €2.4m.
14-07
NBB filing Annual accounts filed
financial year 2021 · abbreviated format
2021
31-12
Financial Liquidity more than doubledcurrent ratio 1.67
Current ratio from 0.64 to 1.67; short-term debt falls from €236,192 to €229,330.
25-06
NBB filing Annual accounts filed
financial year 2020 · abbreviated format
2020
23-06
NBB filing Annual accounts filed
financial year 2019 · abbreviated format
Show earlier events
2019
31-12
Financial Equity above €1mequity €1.3m ▲164%
A profit in every financial year since 2018 builds equity to €1.3m.
04-07
NBB filing Annual accounts filed
financial year 2018 · abbreviated format
2018
27-07
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 4 deeds read
About the unread acts

We know of 4 Belgian Official 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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Register details

Identification
Legal formPublic limited company
Founded18-09-2017
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64310Financial service activities, except insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID 0208:0681471817
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 15 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2017
registered office establishment The establishment unit on the map
Ground area
1,000 m²
Building footprint
163 m²
Building volume
862 m³
Parcel 44022A0386/00Y009, Flanders · tallest building 7.9 m. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
Taurus
Rodebeukendreef 5a, 9050 GentActivities of holding companies
since 2017unit no. 2.267.934.630
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
44022A0386/00Y009 Flanders 1,000 m² 1 · 163 m² 7.9 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.