CAPNOR
ActiveFinancials · financial year 2024, full format
2024 annual accounts filed 316 days after the deadline Filed on 12 June 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00157269.
Annual accounts 2024 filed on 12-06-2026 PDF all 5 filings
Turnover
€185,199
EBIT margin
76.2%
Net result
€131,592▼ 18.3%
2023 · €160,982
Working capital
-€311,283▼ 325%
2023 · -€73,329
Multi-year overview
2020 to 2024, 5 financial yearsTurnover
no figure
2024
20202024
Operating result
€350,510
▲ 54.4%
2024
20202024
Net result
€131,592
▼ 18.3%
2024
middle half of the sector
20202024
EBIT margin
no figure
2024
20202024
Equity
€10,000
▼ 94.1%
2024
lowest quarter of the sector
20202024
Total assets
€19.9m
▲ 504%
2024
highest quarter of the sector
20202024
Debt
€19.9m
▲ 536%
2024
20202024
Working capital
-€311,283
▼ 325%
2024
lowest quarter of the sector
20202024
Solvency
0.1%
▼ 5.1pp
2024
lowest quarter of the sector
20202024
Current ratio
0.53
▼ 0.24
2024
lowest quarter of the sector
20202024
Return on assets (ROA)
0.7%
▼ 4.2pp
2024
middle half of the sector
20202024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Turnover€0.2m
Operating result€0.04m-€0.1m▲ 176%€0.1m▲ 21.4%€0.2m▲ 60.8%€0.4m▲ 54.4%
Net result€0.03mwithin the sector's middle half-€0.09mabove the sector's middle half▲ 197%€0.1mwithin the sector's middle half▲ 34.3%€0.2mwithin the sector's middle half▲ 38.0%€0.1mwithin the sector's middle half▼ 18.3%
EBIT margin76.2%
Equity€0.04mwithin the sector's middle half-€0.1mwithin the sector's middle half▲ 221%€0.2mwithin the sector's middle half▲ 92.5%€0.2mwithin the sector's middle half▼ 30.6%€0.01mbelow the sector's middle half▼ 94.1%
Total assets€0.1mwithin 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€0.08m-€0.9m▲ 989%€0.9m▼ 4.0%€3.1m▲ 266%€19.9m▲ 536%
Working capital-€0.008mbelow the sector's middle half-€0.04mwithin the sector's middle half€0.09mwithin the sector's middle half▲ 108%-€0.07mwithin the sector's middle half-€0.3mbelow the sector's middle half▼ 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
Current ratio0.71below the sector's middle half-2.04within the sector's middle half▲ 1.332.60within the sector's middle half▲ 0.560.78within the sector's middle half▼ 1.820.53below the sector's middle half▼ 0.24
Return on assets (ROA)24.1%above the sector's middle half-8.5%within the sector's middle half▼ 15.6pp10.6%within the sector's middle half▲ 2.1pp4.9%within the sector's middle half▼ 5.7pp0.7%within the sector's middle half▼ 4.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 54% higher than in 2023 and the highest since 2020. It is the fourth rise in a row.
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
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.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 2024 |
|---|---|---|---|
| Pledge on other assets, amount secured | - | - | €464,600 |
| Carrying value of the other pledged assets | - | - | €464,600 |
Source: notes to the 2022 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 2024 |
|---|---|---|---|
| Tangible fixed assets | €9,717 | - | €92,698 |
| Financial fixed assets | - | €2.2m | €16.5m |
| Depreciation and write-downs of the year | €4,194 | €4,154 | €32,932 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
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 | ▲ 18× |
| 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 | €0.1m | €1.0m | €1.1m | €3.3m | €19.9m | ▲ 504% |
| Fixed assets21/28 | €0.1m | €0.9m | €1.0m | €3.0m | €19.6m | ▲ 543% |
| Tangible fixed assets22/27 | €0.001m | €0.005m | €0.01m | €0.006m | €0.07m | ▲ 11× |
| Furniture and vehicles24 | - | - | €0.01m | €0.006m | €0.07m | ▲ 11× |
| Financial fixed assets28 | €0.1m | €0.9m | €0.9m | €3.0m | €19.5m | ▲ 542% |
| Current assets29/58 | €0.02m | €0.08m | €0.1m | €0.3m | €0.4m | ▲ 38.5% |
| Amounts receivable within one year40/41 | €0.02m | €91 | €0.04m | €0.1m | €0.2m | ▲ 21.6% |
| Trade receivables40 | - | - | €0.03m | €0.1m | €0.1m | ▼ 0.3% |
| Other amounts receivable41 | - | - | €0.01m | €0.03m | €0.05m | ▲ 105% |
| Current investments50/53 | €0.003m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.001m | €0.05m | €0.06m | €0.01m | €0.08m | ▲ 468% |
| Deferred charges and accrued income490/1 | - | - | €0.05m | €0.1m | €0.1m | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.1m | €1.0m | €1.1m | €3.3m | €19.9m | ▲ 504% |
| Equity10/15 | €0.04m | €0.1m | €0.2m | €0.2m | €0.01m | ▼ 94.1% |
| Contributions10/11 | - | - | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €0.03m | €0.1m | €0.2m | €0.2m | - | - |
| Amounts payable17/49 | €0.08m | €0.9m | €0.9m | €3.1m | €19.9m | ▲ 536% |
| Amounts payable after more than one year17 | €0.05m | €0.8m | €0.8m | €2.8m | €19.2m | ▲ 587% |
| Financial debts170/4 | - | - | €0.8m | €2.8m | €19.2m | ▲ 587% |
| Amounts payable within one year42/48 | €0.03m | €0.04m | €0.06m | €0.3m | €0.7m | ▲ 102% |
| Trade debts44 | €0.003m | €0.001m | €0.002m | €0.002m | €0.01m | ▲ 559% |
| Suppliers440/4 | - | - | €0.002m | €0.002m | €0.01m | ▲ 559% |
| Taxes, remuneration and social security45 | - | - | €0.05m | €0.07m | €0.1m | ▲ 32.4% |
| Taxes450/3 | - | - | €0.05m | €0.07m | €0.1m | ▲ 32.4% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.6m | ▲ 119% |
| Accrued charges and deferred income492/3 | - | - | €0.001m | €75 | €0.001m | ▲ 956% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.09m | €0.1m | €0.2m | €0.1m | ▼ 18.3% |
| + Depreciation and write-downs630 | €6 | €0.001m | €0.004m | €0.004m | €0.03m | ▲ 693% |
| Operating cash flow (approximation) | €0.03m | €0.09m | €0.1m | €0.2m | €0.2m | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | -€0.8m | -€0.02m | -€2.1m | -€16.6m | ▼ 691% |
| Change in cash | - | €0.05m | €0.01m | -€0.05m | €0.07m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 12-06-2026 | 2026-00157269 | |
| 30-06-2023 | full format | 08-12-2023 | 2023-00525868 | |
| 30-06-2022 | full format | 21-12-2022 | 2022-20542600 | |
| 30-06-2021 | micro format | 27-12-2021 | 2021-81800085 | |
| 30-06-2020 | micro format | 08-01-2021 | 2021-00500568 |