Equity
€290,418 from €999,298 in 2017
Equity fell by 71% in 8 years.
CAPITOLE
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996peak €1.2m (2024)
€892,494▼ 28.4%
lowest -€391,545 (2025)
-€391,545▼ €285,748
peak €999,298 (2017)
€290,418▼ 24.9%
€473,403▲ 38.0%
peak 16.7 FTE (2008)
10.7 FTE▲ 7.0%
Board13 names since 2007all names
2 directorsODDS & OVERLAY and 1 other
Owners4 names in the annual accounts
100%NAPOLEON GAMES and 1 other
Documentsfilings and deeds
08-06-202653 days before the deadline
2025abbreviated format
Gross margin from €1.2m to €892,494Loss of €391,545Capital increase of €295,000 to €1,350,356.46 03-121 statutory auditor appointed, 1 director resigning, 1 resign… 12-11Appointment: KPMG bedrijfsrevisoren (statutory auditor) 11-06Registered office moved within Erembodegem 11-06
Key points
from the 2025 annual accountsLosses
-€670,543 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Staff
9 employees on 31-12-2025
In 2025, 6 people joined and 6 left.
Filings
30 annual accounts since 1996
The last five annual accounts were filed 32 to 55 days before the end of the period.
At the same address
60 companies
Position in the sector
-€391,545
Lower net result than 95% of companies in sports and recreation. Sector median €11,191 · 1,115 companies.
Checked score
54
Fair
Financially stronger than 27% of small companies in sports and recreation (NACE 93)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 422 companies (NACE 93, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025lowest value
07-2025: 0.8%▲ +0.6 percentage points vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.7%▼ -0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 1.4%▲ +0.7 percentage points vs 06-2026highest value
08-2026: 1.4%● unchanged vs 07-2026highest value
09-2026: 1.4%● unchanged vs 08-2026highest value
10-2026: 1.4%● unchanged vs 09-2026highest value
11-2026: 1.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €391,545, the second in a row (financial year 2025)
1 change of registered office in 24 months
Size: 10.7 FTE, total assets €763,821
lowers risk
Liquidity: current ratio 0.28, cash €128,333
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, small). It does better than 61% of them on solvency, 26% on liquidity, 4% on profitability and 16% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 929 companies had the same profile as CAPITOLE has now. Each dot stands for 3 companies, two years later.
90.1%
were still trading
8.8%
stopped another way
1.1%
went bankrupt
The bankruptcy probability of CAPITOLE itself is higher: 1.4% within 12 months. It rests on far more data about CAPITOLE than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 929 companies, not a prediction for CAPITOLE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €15,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.28 (0.51 in 2024), below 1. Short-term debt is 62% and cash 16.8% of total assets. 62% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€391,545
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
55 days early
2023
54 days early
2022
52 days early
2021
32 days early
2020
43 days early
2019
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 47 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% 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 8 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- NAPOLEON GAMES 100%score 92equity €42.7m (2025) · deed of 28-10-2026
- SB Lux TopCo S.à.r.l. consolidatesannual accounts 2025
Shares in 1 company, M Capitole
Board & ownershipRecent changes
Merger proposal: to be absorbed by NAPOLEON GAMES
NAPOLEON GAMES holds all the shares · Board meeting of 23-10-2026 · Gazette deed
Capital increase of €295,000 to €1,350,356.46
Capital from €1,055,356.46 to €1,350,356.46 · General meeting of 26-11-2025 · Gazette deed
1 statutory auditor appointed, 1 director resigning, 1 resignation
Resignations: Eamonn O'Loughlin and KPMG Bedrijfsrevisoren (statutory auditor) · Appointment: Deloitte Bedrijfsrevisoren (statutory auditor) · Director discharge: Eamonn O'Loughlin · General meeting of 29-08-2025 · Gazette deed
Appointment: KPMG bedrijfsrevisoren (statutory auditor)
General meeting of 10-05-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CAPITOLE Aalst | €0.8m | €0.9m | 38.0% | 10.7 |
| REFLEXION Ghent | €1.1m | €0.5m | 94.0% | 6 |
| MAGIC GAMING COMPANY Grimbergen | €0.9m | €0.6m | 86.8% | 6.9 |
| JEUX DOMI Anderlues | €0.9m | €0.5m | 35.4% | 5.8 |
| KARTING DES FAGNES Couvin | €1.8m | €0.9m | 85.5% | 10.3 |
| V.R.N. - AMUSEMENT GAMES Mechelen | €1.0m | €0.8m | 73.2% | 5.2 |
| DEBA SQUARE Brussels | €1.4m | €2.1m | 51.6% | 16.2 |
These companies have the same main activity as CAPITOLE: sports, amusement and recreation activities (NACE 93293). They are comparable in size and age: total assets between €865,000 and €1.8m, founded between 1984 and 2001.
Official details
Source: KBO- Status
- Active since 02-05-1995Normal situation
- Registered office
- 61 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Sports, amusement and recreation activitiesNACE 93293and 3 others
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment units
- 2.071.604.2542018 Antwerp, since 23-11-1998
- 2.071.604.5518660 De Panne, since 03-07-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 01-08-2021
Annual accounts 2025
- ≈ €1.6mestimated
- €763,821▲ 0.6%
- Employeeson 31-12-2025
- 9▼ 10.0%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Companies linked to CAPITOLE
Parent and group
Insights on CAPITOLE
CAPITOLE files the abbreviated format. That format states no turnover. The gross margin rose from €841,203 in 2006 to €892,494 in 2025.
NAPOLEON GAMES holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CAPITOLE
- What is the company number of CAPITOLE?
- The company number of CAPITOLE is 0455.158.048. The VAT number is the same number with BE in front: BE 0455.158.048.
- Where is CAPITOLE based?
- The registered office is at Korte Keppestraat 23, 9320 Aalst.Company details
- What does CAPITOLE do?
- According to the KBO register, the main activity is sports, amusement and recreation activities (NACE 93293).
- What is the legal form of CAPITOLE?
- CAPITOLE is a public limited company (NV).
- When was CAPITOLE founded?
- CAPITOLE was founded on 02-05-1995.
- Is CAPITOLE still active?
- Yes, CAPITOLE is an active enterprise in the KBO register.
- How many employees does CAPITOLE have?
- CAPITOLE had an average of 10.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CAPITOLE fall under?
- In its 2025 annual accounts, CAPITOLE states joint committee 302 (Hotels and catering).
- What is the turnover of CAPITOLE?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €892,494 and 42 comparable companies (NACE 93). It probably lies between €1.3m and €1.9m. In financial year 2020 turnover was €958,919.
- Is CAPITOLE profitable?
- In financial year 2025, CAPITOLE made a loss of €391,545.
- Where can I find the annual accounts of CAPITOLE?
- CAPITOLE filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CAPITOLE due?
- CAPITOLE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.