CAPITOLE
ActiveSummary
CAPITOLE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of -€142,526. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 30% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-23
Solvency45▼-9
Growth30▼-16
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 2.77 in 2024; short-term debt: 43% and cash: 0.2% of total assets), and 79.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 22-01-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
31 d early
2023
29 d early
2022
39 d early
2021
67 d early
2020
32 d early
2019
46 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 40 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close27-09-2026 today28-02-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€498,636▲ 2.3%
2024 · €487,362
EBIT margin
-5.4%▼ 24.5pp
2024 · 19.1%
Net result
-€142,526
2024 · €80,482
Working capital
€1.1m▼ 55.4%
2024 · €2.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€889,077▲ 57.9%€406,688▼ 54.3%€520,115▲ 27.9%€487,362▼ 6.3%€498,636▲ 2.3%
Operating result-€104,903-€18,815▲ 82.1%€91,538€93,182▲ 1.8%-€27,051
Net result-€89,276€14,940€110,057▲ 637%€80,482▼ 26.9%-€142,526
EBIT margin-11.8%▼ 20.5pp-4.6%▲ 7.2pp17.6%▲ 22.2pp19.1%▲ 1.5pp-5.4%▼ 24.5pp
Equity€1.8m▼ 8.0%€1.8m▼ 3.0%€1.8m▲ 2.2%€1.8m▲ 0.5%€1.6m▼ 11.6%
Total assets€6.2m▼ 5.1%€6.2m▲ 0.9%€6.1m▼ 1.9%€6.2m▲ 1.6%€8.0m▲ 27.9%
Debt€4.3m▼ 3.8%€4.5m▲ 2.5%€4.3m▼ 3.5%€4.4m▲ 2.0%€6.3m▲ 44.4%
Working capital€2.0m▼ 33.4%€2.1m▲ 6.6%€2.8m▲ 31.3%€2.6m▼ 7.3%€1.1m▼ 55.4%
Staff (FTE)0.9▲ 12.5%1▲ 11.1%1=0.8▼ 20.0%0.4▼ 50.0%
Why a figure moved sharply
- 2021 Turnover +58% on 2020. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27,051 after €93,182 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.0m
Fixed assets
€3.4m ▲ 54.0%
Current assets
€4.6m ▲ 13.6%
Equity and liabilities €8.0m
Equity
€1.6m ▼ 11.6%
Debt
€6.3m ▲ 44.4%
Debt's share of the balance-sheet total rises from 70.5% to 79.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€438,054▼
2024 · €513,378
Cash flow
€322,579▼
2024 · €500,678
Current ratio
1.33▼
2024 · 2.77
Debt to equity
3.91▲
2024 · 2.39
ROE
-8.8%▼
2024 · 4.4%
ROA
-1.8%▼
2024 · 1.3%
Interest coverage
1.98▼
2024 · 5.56
Debt ≤ 1 year
€3.4m▲
2024 · €1.5m
Debt > 1 year
€2.8m▼
2024 · €2.8m
Staff costs
€38,720▼
2024 · €60,550
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,448 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €889,077 | €406,688 | €520,115 | €487,362 | €498,636 | ▲ 2.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €193,512 | €214,430 | €220,896 | €319,600 | ▲ 44.7% |
| Remuneration, social security and pensions62 | - | €28,551 | €58,688 | €60,550 | €38,720 | ▼ 36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €266,914 | €460,860 | €436,300 | €420,195 | €465,104 | ▲ 10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €91,173 | - | - | - | - |
| Other operating charges640/8 | - | €180 | €46,905 | €20,386 | €29,991 | ▲ 47.1% |
| Non-recurring operating charges66A | - | €32,129 | - | - | - | - |
| Gross operating margin9900 | €398,845 | €594,079 | €633,431 | €594,314 | €506,765 | ▼ 14.7% |
| Operating profit (loss)9901 | -€104,903 | -€18,815 | €91,538 | €93,182 | -€27,051 | ▼ 129% |
| Financial income75/76B | - | €117,909 | €106,817 | €106,463 | €106,104 | ▼ 0.3% |
| Recurring financial income75 | €70,628 | €117,909 | €106,817 | €106,463 | €106,104 | ▼ 0.3% |
| Financial charges65/66B | - | €84,155 | €74,515 | €92,336 | €221,579 | ▲ 140% |
| Recurring financial charges65 | €55,001 | €84,155 | €74,515 | €92,336 | €221,579 | ▲ 140% |
| Profit (loss) for the period before taxes9903 | -€89,276 | €14,940 | €123,840 | €107,310 | -€142,526 | ▼ 233% |
| Income taxes67/77 | - | - | €13,783 | €26,828 | - | - |
| Profit (loss) for the period9904 | -€89,276 | €14,940 | €110,057 | €80,482 | -€142,526 | ▼ 277% |
| Profit (loss) for the period to be appropriated9905 | -€89,276 | €14,940 | €110,057 | €80,482 | -€142,526 | ▼ 277% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.2m | €6.2m | €6.1m | €6.2m | €8.0m | ▲ 27.9% |
| Fixed assets21/28 | €3.3m | €2.9m | €2.4m | €2.2m | €3.4m | ▲ 54.0% |
| Tangible fixed assets22/27 | €3.3m | €2.9m | €2.4m | €2.2m | €3.4m | ▲ 54.1% |
| Land and buildings22 | - | €2.9m | €2.4m | €2.2m | €3.4m | ▲ 54.2% |
| Furniture and vehicles24 | - | €2,721 | €2,095 | €1,094 | €418 | ▼ 61.7% |
| Financial fixed assets28 | €1,289 | €1,289 | €1,289 | €1,289 | - | - |
| Current assets29/58 | €2.9m | €3.4m | €3.7m | €4.0m | €4.6m | ▲ 13.6% |
| Amounts receivable within one year40/41 | €256,245 | €3.3m | €3.6m | €3.9m | €4.4m | ▲ 12.5% |
| Trade receivables40 | - | €131,698 | €25,632 | - | €117,125 | - |
| Other amounts receivable41 | - | €3.2m | €3.5m | €3.9m | €4.2m | ▲ 9.5% |
| Current investments50/53 | €2.6m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €7,559 | €37,597 | €31,898 | €23,944 | €12,160 | ▼ 49.2% |
| Deferred charges and accrued income490/1 | - | €46,387 | €85,468 | €122,892 | €194,983 | ▲ 58.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.2m | €6.2m | €6.1m | €6.2m | €8.0m | ▲ 27.9% |
| Equity10/15 | €1.8m | €1.8m | €1.8m | €1.8m | €1.6m | ▼ 11.6% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Uncalled capital101 | - | €223,104 | €223,104 | €223,104 | €223,104 | = |
| Reserves13 | - | - | - | €64,384 | €3,219 | ▼ 95.0% |
| Non-distributable reserves130/1 | - | - | - | €3,219 | €3,219 | = |
| Legal reserve130 | - | - | - | €3,219 | €3,219 | = |
| Distributable reserves133 | - | - | - | €61,165 | - | - |
| Profit (loss) carried forward14 | -€141,095 | -€126,155 | -€16,098 | - | -€81,360 | - |
| Investment grants15 | - | €433,834 | €363,206 | €292,578 | €221,951 | ▼ 24.1% |
| Amounts payable17/49 | €4.3m | €4.5m | €4.3m | €4.4m | €6.3m | ▲ 44.4% |
| Amounts payable after more than one year17 | €3.4m | €3.1m | €3.3m | €2.8m | €2.8m | ▼ 1.5% |
| Financial debts170/4 | - | €3.1m | €3.3m | €2.8m | €2.8m | ▼ 1.5% |
| Amounts payable within one year42/48 | €895,116 | €1.3m | €910,379 | €1.5m | €3.4m | ▲ 135% |
| Current portion of amounts payable after more than one year42 | - | €483,808 | €492,191 | €473,663 | €190,433 | ▼ 59.8% |
| Financial debts43 | - | - | - | - | €1.6m | - |
| Credit institutions430/8 | - | - | - | - | €1.6m | - |
| Trade debts44 | €22,637 | €59,401 | €109,358 | €259,895 | €400,623 | ▲ 54.1% |
| Suppliers440/4 | - | €59,401 | €109,358 | €259,895 | €400,623 | ▲ 54.1% |
| Taxes, remuneration and social security45 | - | €11,637 | €18,523 | €31,638 | €2,836 | ▼ 91.0% |
| Taxes450/3 | - | €4,057 | €13,783 | €26,828 | - | - |
| Remuneration and social security454/9 | - | €7,580 | €4,740 | €4,810 | €2,836 | ▼ 41.1% |
| Other amounts payable47/48 | - | €715,107 | €290,307 | €688,207 | €1.2m | ▲ 72.9% |
| Accrued charges and deferred income492/3 | - | €100,944 | €117,309 | €126,041 | €147,864 | ▲ 17.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€89,276 | €14,940 | €110,057 | €80,482 | -€142,526 | ▼ 277% |
| + Depreciation and write-downs630 | €266,914 | €460,860 | €436,300 | €420,195 | €465,104 | ▲ 10.7% |
| Operating cash flow (approximation) | €177,638 | €475,799 | €546,357 | €500,678 | €322,579 | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | -€9,379 | -€19,718 | -€176,439 | -€1.7m | ▼ 838% |
| Change in cash | - | €30,038 | -€5,699 | -€7,953 | -€11,784 | ▼ 48.2% |
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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
Financial
Weakest financial yearnet -€142,526
Net result drops to -€142,526, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
Financial
Highest result since 2019net €110,057 ▲637%
Net result €110,057, the highest in the series.
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
Financial
Back to profitnet €14,940
Net result €14,940 after one loss-making year.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
Financial
Liquidity quadruplescurrent ratio 3.21
Current ratio from 0.74 to 3.21.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-01
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 11 acts read
About the unread acts
We know of 11 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
11 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, Gent · 1 establishment unit since 1999
Ground area
2,798 m²
Building footprint
2,681 m²
Volume, LiDAR
40,306 m³
2 parcels, Flanders · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
CAPITOLE
since 19992.092.920.993
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2538/00E002 ProtectedMonument · Townscape or village viewNeoclassicistisch huizenblok: burgerhuis (gevel en dak)Source ↗ |
Flanders | 2,386 m² | 1 · 2,396 m² | 22.5 m · 6 fl. |
| 44804D2538/00F002 ProtectedMonument · Townscape or village viewNeoclassicistisch huizenblok: burgerhuis (gevel en dak)Source ↗ |
Flanders | 413 m² | 1 · 285 m² | 21.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 ownersChain of control
Highest known parent: ALPA. The sources do not say who stands above it.
Owners 2
- 99.99%
- Geert Allaertnatural personSourceown accounts 31-07-20250.01%
Holdings 0
The accounts to 31-07-2025 list no holdings, and no other source names one.
According to the annual accounts to 31-07-2025 of CAPITOLE and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 368 companies in sector 90311 we hold annual accounts for 155. 74 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-06-1999
Fiscal year end31-07
Activities, NACEBEL 2025
90311Arts creation and performing arts activities
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466183285
Also
9925:BE0466183285
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.