CAPNOR
ActiveSummary
CAPNOR has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10,000 and a net result of €131,592. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 4610 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability34▼-41
Solvency25▼-5
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.53 against 0.78 in 2023; short-term debt: 3.4% and cash: 0.4% of total assets), and 99.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
0.1%
Return on assets
0.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4610 sector peers (2024).
NBB · sector comparisonPosition among 4610 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2026, 316 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2024
316 d late
2023
54 d early
2022
41 d early
2021
35 d early
2020
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€185,199
EBIT margin
76.2%
Net result
€131,592▼ 18.3%
2023 · €160,982
Working capital
-€311,283▼ 325%
2023 · -€73,329
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20202021202220232024
Turnover€185,199
Operating result€42,168-€116,280▲ 176%€141,173▲ 21.4%€227,029▲ 60.8%€350,510▲ 54.4%
Net result€29,248within the sector's middle half-€86,905above the sector's middle half▲ 197%€116,672within the sector's middle half▲ 34.3%€160,982within the sector's middle half▲ 38.0%€131,592within the sector's middle half▼ 18.3%
EBIT margin76.2%
Equity€39,248within the sector's middle half-€126,153within the sector's middle half▲ 221%€242,825within the sector's middle half▲ 92.5%€168,513within the sector's middle half▼ 30.6%€10,000below the sector's middle half▼ 94.1%
Total assets€121,177within the sector's middle half-€1.0mabove the sector's middle half▲ 740%€1.1mwithin the sector's middle half▲ 8.0%€3.3mwithin the sector's middle half▲ 200%€19.9mabove the sector's middle half▲ 504%
Debt€81,929-€891,985▲ 989%€856,573▼ 4.0%€3.1m▲ 266%€19.9m▲ 536%
Working capital-€8,040-€42,695€88,962▲ 108%-€73,329-€311,283▼ 325%
Solvency32.4%within the sector's middle half-12.4%below the sector's middle half▼ 20.0pp22.1%within the sector's middle half▲ 9.7pp5.1%below the sector's middle half▼ 17.0pp0.1%below the sector's middle half▼ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 54% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19.9m
Fixed assets
€19.6m ▲ 543%
Current assets
€357,350 ▲ 38.5%
Equity and liabilities €19.9m
Equity
€10,000 ▼ 94.1%
Debt
€19.9m ▲ 536%
Debt's share of the balance-sheet total rises from 94.9% to 99.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€383,442▲
2023 · €231,184
Cash flow
€164,525▼
2023 · €165,136
Current ratio
0.53▼
2023 · 0.78
ROA
0.7%▼
2023 · 4.9%
Interest coverage
1.77▼
2023 · 7.26
Debt ≤ 1 year
€668,633▲
2023 · €331,376
Debt > 1 year
€19.2m▲
2023 · €2.8m
Income taxes
€59,999▲
2023 · €59,790
A ratio outside any meaningful range has been withheld (balance sheet total €19.9m, equity €10,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €185,199 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €41,805 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6 | €633 | €4,194 | €4,154 | €32,932 | ▲ 693% |
| Other operating charges640/8 | - | - | €604 | €554 | €9,940 | ▲ 1,693% |
| Gross operating margin9900 | €42,680 | €118,185 | €145,971 | €231,738 | €393,382 | ▲ 69.8% |
| Operating profit (loss)9901 | €42,168 | €116,280 | €141,173 | €227,029 | €350,510 | ▲ 54.4% |
| Financial income75/76B | - | - | €26,995 | €25,592 | €57,449 | ▲ 124% |
| Recurring financial income75 | - | €7,095 | €26,995 | €25,592 | €39,176 | ▲ 53.1% |
| Non-recurring financial income76B | - | - | - | - | €18,273 | - |
| Financial charges65/66B | - | - | €11,887 | €31,849 | €216,368 | ▲ 579% |
| Recurring financial charges65 | €422 | €4,782 | €11,887 | €31,849 | €216,368 | ▲ 579% |
| Profit (loss) for the period before taxes9903 | €41,746 | €118,593 | €156,282 | €220,772 | €191,592 | ▼ 13.2% |
| Income taxes67/77 | €12,498 | €31,688 | €39,610 | €59,790 | €59,999 | ▲ 0.3% |
| Profit (loss) for the period9904 | €29,248 | €86,905 | €116,672 | €160,982 | €131,592 | ▼ 18.3% |
| Profit (loss) for the period to be appropriated9905 | €29,248 | €86,905 | €116,672 | €160,982 | €131,592 | ▼ 18.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,177 | €1.0m | €1.1m | €3.3m | €19.9m | ▲ 504% |
| Fixed assets21/28 | €101,733 | €934,338 | €954,705 | €3.0m | €19.6m | ▲ 543% |
| Tangible fixed assets22/27 | €1,233 | €4,562 | €10,086 | €5,931 | €65,697 | ▲ 1,008% |
| Furniture and vehicles24 | - | - | €10,086 | €5,931 | €65,697 | ▲ 1,008% |
| Financial fixed assets28 | €100,500 | €929,776 | €944,620 | €3.0m | €19.5m | ▲ 542% |
| Current assets29/58 | €19,444 | €83,800 | €144,693 | €258,047 | €357,350 | ▲ 38.5% |
| Amounts receivable within one year40/41 | €15,125 | €91 | €38,853 | €124,156 | €151,028 | ▲ 21.6% |
| Trade receivables40 | - | - | €26,853 | €98,147 | €97,817 | ▼ 0.3% |
| Other amounts receivable41 | - | - | €12,000 | €26,009 | €53,211 | ▲ 105% |
| Current investments50/53 | €2,500 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €634 | €50,257 | €60,285 | €14,531 | €82,545 | ▲ 468% |
| Deferred charges and accrued income490/1 | - | - | €45,556 | €119,360 | €123,777 | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,177 | €1.0m | €1.1m | €3.3m | €19.9m | ▲ 504% |
| Equity10/15 | €39,248 | €126,153 | €242,825 | €168,513 | €10,000 | ▼ 94.1% |
| Contributions10/11 | - | - | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €29,248 | €116,153 | €232,825 | €158,513 | - | - |
| Amounts payable17/49 | €81,929 | €891,985 | €856,573 | €3.1m | €19.9m | ▲ 536% |
| Amounts payable after more than one year17 | €54,445 | €849,445 | €800,000 | €2.8m | €19.2m | ▲ 587% |
| Financial debts170/4 | - | - | €800,000 | €2.8m | €19.2m | ▲ 587% |
| Amounts payable within one year42/48 | €27,484 | €41,105 | €55,731 | €331,376 | €668,633 | ▲ 102% |
| Trade debts44 | €2,554 | €1,408 | €2,283 | €1,876 | €12,368 | ▲ 559% |
| Suppliers440/4 | - | - | €2,283 | €1,876 | €12,368 | ▲ 559% |
| Taxes, remuneration and social security45 | - | - | €53,448 | €74,457 | €98,601 | ▲ 32.4% |
| Taxes450/3 | - | - | €53,448 | €74,457 | €98,601 | ▲ 32.4% |
| Other amounts payable47/48 | - | - | - | €255,042 | €557,664 | ▲ 119% |
| Accrued charges and deferred income492/3 | - | - | €842 | €75 | €792 | ▲ 956% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,248 | €86,905 | €116,672 | €160,982 | €131,592 | ▼ 18.3% |
| + Depreciation and write-downs630 | €6 | €633 | €4,194 | €4,154 | €32,932 | ▲ 693% |
| Operating cash flow (approximation) | €29,254 | €87,538 | €120,866 | €165,136 | €164,525 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | -€833,238 | -€24,561 | -€2.1m | -€16.6m | ▼ 691% |
| Change in cash | - | €49,623 | €10,028 | -€45,754 | €68,014 | ▲ 249% |
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
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 316 days late
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Highest result since 2020net €160,982 ▲38%
Net result €160,982, the highest in the series.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Equity above €200,000Eq €242,825 ▲92.5%
3 profitable years in a row build equity to €242,825.
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 2.04
Current ratio from 0.71 to 2.04.
30-06
Financial
Equity above €100,000Eq €126,153 ▲221%
2 profitable years in a row build equity to €126,153.
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Lasne · 3 establishment units since 2020
Ground area
5,829 m²
Building footprint
1,035 m²
Volume, LiDAR
11,011 m³
3 parcels, Brussels, Flanders, Wallonia · tallest building 28.1 m, ±7 floors. Linked by address, not a title deed.
45
companies at this address
See who is registered here
3 establishment units
Chaussée de Louvain 479, 1380 Lasne
since 20202.303.606.082
CAPNOR
since 20252.376.483.568
CAPNOR
since 20252.378.057.839
3 parcels
Flanders
1
(33.3%)
Wallonia
1
(33.3%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076G0029/00_000 | Wallonia | 3,635 m² | 1 · 297 m² | 11.6 m · 3 fl. |
| 22552F0010/00K030 | Flanders | 1,774 m² | 1 · 319 m² | 28.1 m · 1 fl. |
| 21807G0180/00P004 | Brussels | 420 m² | 1 · 419 m² | 26.2 m · 7 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.
Structure & network
Heads the group
CAPNOR
26 companies
Group, risk and exposure
Owners and holdings
12 holdings · 17 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 12
-
100%
-
90%
-
90%
-
90%
-
86.67%
-
68.66%
-
10%
-
10%
-
10%
-
10%
Show 2 more holdings
-
10%
-
10%
All subsidiaries, including indirect ones 17+
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Capnor Holdings 100%
- Capnor Asset Management 90%
- Capnor Co-Investments VII 90%
- Capnor Co-Investments VIII 90%
CAPNOR I 86.67%2 subsidiaries
CAPNOR I MidCo 96.77%1 subsidiary
- ODE HOLDING AS (ex GADUS)NO 84%
CAPNOR II 68.66%9 subsidiaries
CAPNOR II MidCo 50.59%8 subsidiaries
Medi-Market Group 96.06%7 subsidiaries
- Actions Parafarmacie Nederland B.V.NL 100%
- MEDI-MARKET ITALIA S.R.L.IT 100%
- MEDI-SUPPLY INTERNET 100%
- Medicare-Market Online Services 100%
- Pharmacies by Medi-Market Group 100%
- PHARMACLIC ASSETS 100%
- MEDI-MARKET Parapharmacies 99.99%
The tree shows 17 companies up to 4 levels deep; there are more. Open a subsidiary's dossier to look further.
According to the 2024 annual accounts of CAPNOR 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 82,642 companies in sector 70200 we hold annual accounts for 52,589. 22,960 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
Founded18-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743787684
Registered
02-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.