CAPOL (0480.716.756): financials and annual accounts

CAPOL

Bruges ·KBO/BCE: BE 0480.716.756

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	117,677	108,358	95,008	84,063	66,965	62,466	59,907	73,636	78,604	85,738	95,009	112,857	134,644	163,172	151,602	158,169	191,070	219,726	235,154	253,236
Fixed assets`21/28`	7,654	7,223	12,999	22,656	21,919	31,460	37,547	48,189	61,836	70,914	79,275	92,044	83,107	104,008	134,464	150,601	171,245	198,274	228,119	230,128
Tangible fixed assets`22/27`	7,654	7,223	12,999	22,656	21,919	31,460	37,547	48,189	61,836	70,914	79,275	92,044	83,107	104,008	134,464	150,601	171,245	198,274	228,119	230,128
Land and buildings`22`	4,670	3,123	3,748	12,962	20,811	28,771	31,197	36,638	43,675	49,693	58,015	67,558	77,100	96,496	130,599	138,397	146,195	153,993	161,792	155,724
Plant, machinery and equipment`23`	1,907	1,524	5,001	6,306	676	1,394	2,111	3,087	2,947	2,100	3,248	1,964	1,927	2,072	3,866	12,061	24,764	35,152	45,461	38,463
Furniture and vehicles`24`	1,077	2,576	4,251	3,388	431	1,295	4,238	8,464	10,263	9,220	3,160	2,720	4,080	5,440	-	143	286	9,129	20,866	35,941
Current assets`29/58`	110,023	101,134	82,009	61,407	45,046	31,006	22,360	25,447	16,768	14,824	15,735	20,813	51,537	59,164	17,138	7,569	19,825	21,452	7,035	23,108
Amounts receivable after more than one year`29`	36,011	36,011	36,011	36,011	17,786	6,741	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	36,011	36,011	36,011	36,011	17,786	6,741	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	65,830	50,799	29,669	8,853	14,031	14,108	16,230	17,459	11,719	9,977	8,247	20,698	51,159	58,938	6,095	5,958	18,809	19,950	7,035	23,108
Trade receivables`40`	14,125	15,663	15,990	8,853	14,031	14,108	16,218	17,146	11,423	9,681	8,180	20,698	21,898	28,174	5,747	5,610	18,461	19,950	7,035	21,151
Other amounts receivable`41`	51,704	35,136	13,678	-	-	-	12	313	296	296	66	-	29,261	30,764	348	348	348	-	-	1,957
Cash at bank and in hand`54/58`	5,291	12,559	14,729	15,518	10,137	9,241	5,107	7,988	5,049	4,815	7,488	-	233	-	10,819	1,496	-	488	-	-
Deferred charges and accrued income`490/1`	2,891	1,765	1,600	1,025	3,092	916	1,022	-	-	32	-	115	145	225	224	115	1,016	1,014	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	117,677	108,358	95,008	84,063	66,965	62,466	59,907	73,636	78,604	85,738	95,009	112,857	134,644	163,172	151,602	158,169	191,070	219,726	235,154	253,236
Equity`10/15`	99,895	80,300	63,942	44,319	35,075	24,479	3,526	-2,879	-25,131	-25,555	-25,670	-26,194	-26,490	-28,170	-56,324	-89,040	-82,015	-52,414	-58,284	-44,095
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	81,295	61,700	45,342	25,719	16,475	5,879	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	81,295	61,700	45,342	25,719	16,475	5,879	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	0	0	0	0	-	-	-15,074	-21,479	-31,331	-31,755	-31,870	-32,394	-32,690	-34,370	-62,524	-95,240	-88,215	-58,614	-64,484	-50,295
Provisions and deferred taxes`16`	-	-	-	0	5,000	10,000	17,500	25,000	25,000	25,000	25,000	-	-	-	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	0	5,000	10,000	17,500	25,000	25,000	25,000	25,000	-	-	-	-	-	-	-	-	-
Major repairs and maintenance`162`	-	-	-	0	5,000	10,000	17,500	25,000	25,000	25,000	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	17,781	28,058	31,066	39,744	26,890	27,988	38,881	51,515	78,735	86,293	95,679	139,051	161,134	191,342	207,927	247,209	273,085	272,140	293,438	297,331
Amounts payable after more than one year`17`	-	-	0	4,077	2,221	3,521	-	455	50,540	55,402	60,160	64,818	45,000	55,908	22,807	34,706	46,604	58,503	70,402	82,301
Financial debts`170/4`	-	-	0	4,077	2,221	3,521	-	455	50,540	55,402	60,160	64,818	45,000	55,908	22,807	34,706	46,604	58,503	70,402	82,301
Amounts payable within one year`42/48`	17,781	28,058	31,066	35,666	24,629	24,384	38,881	49,514	28,195	30,891	35,519	74,233	116,134	135,434	185,120	212,503	226,481	213,637	220,700	212,962
Current portion of amounts payable after more than one year`42`	-	0	4,077	4,147	1,300	1,276	455	11,206	4,862	4,759	4,658	-	10,908	11,899	11,899	11,899	11,899	12,890	11,899	12,890
Financial debts`43`	1,701	1,715	1,712	-	-	-	-	-	-	-	-	4,967	-	409	-	-	20,505	-	472	-
Credit institutions`430/8`	1,701	1,715	1,712	-	-	-	-	-	-	-	-	4,967	-	409	-	-	20,505	-	472	-
Trade debts`44`	6,362	7,099	125	6,914	2,649	3,465	7,127	3,302	7,178	4,856	6,178	2,359	10,447	7,843	7,187	6,410	13,621	16,472	5,562	1,128
Suppliers`440/4`	6,362	7,099	125	6,914	2,649	3,465	7,127	3,302	7,178	4,856	6,178	2,359	10,447	7,843	7,187	6,410	13,621	16,472	5,562	1,128
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,179
Taxes, remuneration and social security`45`	9,718	17,579	21,952	20,765	19,560	18,522	15,631	16,378	12,158	12,514	12,611	11,454	15,065	11,294	10,005	3,462	4,315	9,629	2,849	-
Taxes`450/3`	9,718	17,579	21,952	20,765	19,560	17,322	14,323	15,095	12,158	12,514	12,611	11,454	15,065	11,294	10,005	3,462	4,315	9,629	2,849	-
Remuneration and social security`454/9`	-	-	-	-	-	1,200	1,307	1,283	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	0	1,666	3,200	3,840	1,120	1,120	15,668	18,629	3,997	8,762	12,073	55,454	79,713	103,989	156,029	190,732	176,141	174,646	199,918	180,765
Accrued charges and deferred income`492/3`	-	-	-	0	40	83	-	1,545	-	-	-	-	-	-	-	-	-	-	2,337	2,068
Income statement
Non-recurring operating income`76A`	-	-	-	-	4,100	-	-	-	-	-	-	-	-	27,300	1,656	10,497	-	1,220	-	-
Gross operating margin`9900`	38,514	40,855	51,438	30,543	30,691	18,526	22,442	43,942	26,574	21,732	51,162	49,165	44,614	58,499	58,572	10,700	14,389	47,492	31,675	44,604
Remuneration, social security and pensions`62`	0	119	304	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	3,112	5,776	14,117	11,463	9,541	11,316	12,638	16,919	17,011	17,400	18,269	17,145	22,407	39,249	14,762	21,569	35,303	36,874	39,580	33,234
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-8,482	-	-	-	-	435	8,905	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	0	-5,000	-5,000	-7,500	-7,500	-	-	-	25,000	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	1,836	3,732	2,326	3,596	3,308	2,456	3,946	3,925	11,064	3,438	3,478	29,135	1,257	1,356	1,378	1,362	1,208	1,339	1,430	1,524
Operating profit (loss)`9901`	33,566	31,229	34,690	20,484	22,843	12,255	13,358	23,098	6,980	894	4,415	2,885	20,950	17,458	33,528	-12,231	-22,122	9,279	-9,335	9,846
Financial income`75/76B`	13	22	7	435	619	16,130	0	31	0	3	1	-	-	1	0	2	1	0	-	1,791
Recurring financial income`75`	13	22	7	435	619	50	0	31	0	3	1	-	-	1	0	2	1	0	-	1,791
Non-recurring financial income`76B`	-	-	-	-	-	16,080	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	715	91	419	1,424	868	358	357	2,808	735	782	832	1,355	2,098	2,605	2,469	5,293	7,480	4,629	4,855	5,120
Recurring financial charges`65`	715	91	419	1,424	868	358	357	2,808	735	782	832	1,355	2,098	2,605	2,469	5,293	7,480	4,629	4,855	5,120
Profit (loss) for the period before taxes`9903`	32,864	31,160	34,277	19,495	22,595	28,027	13,002	20,321	6,246	116	3,583	1,530	18,852	42,154	32,715	-7,025	-29,601	5,870	-14,189	6,517
Income taxes`67/77`	13,268	13,136	13,054	8,651	10,398	5,474	6,597	10,470	5,821	-0	3,059	1,234	2,172	-	-	-	-	-	-	438
Profit (loss) for the period`9904`	19,595	18,024	21,223	10,844	12,197	22,553	6,405	9,851	424	116	524	296	16,680	42,154	32,715	-7,025	-29,601	5,870	-14,189	6,079
Profit (loss) for the period to be appropriated`9905`	19,595	18,024	21,223	10,844	12,197	22,553	6,405	9,851	424	116	524	296	16,680	42,154	32,715	-7,025	-29,601	5,870	-14,189	6,079
Appropriation of the result
Profit (loss) to be appropriated`9906`	19,595	18,024	21,223	10,844	12,197	7,479	-15,074	-21,479	-31,331	-31,755	-31,870	-32,394	-17,690	-20,370	-62,524	-95,240	-88,215	-58,614	-64,484	-50,295
Transfer to equity`691/2`	19,595	16,358	19,623	9,244	10,597	5,879	-	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	19,595	16,358	19,623	9,244	10,597	5,879	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	0	1,666	1,600	1,600	1,600	1,600	-	-	-	-	-	-	15,000	14,000	-	-	-	-	-	-
Return on contributions (dividend)`694`	0	1,666	1,600	1,600	1,600	1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	-	-	15,000	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	24-07-2026	2026-00327302	PDF
31-12-2024	micro format	27-06-2025	2025-00231669	PDF
31-12-2023	micro format	21-06-2024	2024-00147810	PDF
31-12-2022	micro format	30-06-2023	2023-00180904	PDF
31-12-2021	micro format	23-06-2022	2022-20108809	PDF
31-12-2020	micro format	17-06-2021	2021-21600493	PDF
31-12-2019	micro format	12-05-2020	2020-11900305	PDF
31-12-2018	micro format	30-08-2019	2019-59100500	PDF
31-12-2017	micro format	31-10-2018	2018-71700272	PDF
31-12-2016	micro format	24-08-2017	2017-48300354	PDF
31-12-2015	abbreviated format	19-08-2016	2016-43700301	PDF
31-12-2014	abbreviated format	31-08-2015	2015-50600045	PDF
31-12-2013	abbreviated format	21-08-2014	2014-43800335	PDF
31-12-2012	abbreviated format	19-08-2013	2013-42700591	PDF
31-12-2011	abbreviated format	03-01-2013	2013-00100182	PDF
31-12-2010	abbreviated format	05-11-2012	2012-62900196	PDF
31-12-2009	abbreviated format	12-07-2011	2011-27800166	PDF
31-12-2008	abbreviated format	09-12-2009	2009-87900289	PDF
31-12-2007	abbreviated format	20-08-2008	2008-57800247	PDF
31-12-2006	abbreviated format	28-09-2007	2007-74100154	PDF
31-12-2005	abbreviated format	28-08-2006	2006-69000792	PDF
31-12-2004	abbreviated format	10-11-2005	2005-85804441	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	36,678	37,005	48,807	31,947	32,384	23,571	25,996	40,017	23,992	18,295	22,684	20,030	43,357	56,707	48,290	9,338	13,181	46,153	30,246	43,080
Cash flow	22,707	23,800	35,340	22,307	21,737	33,869	19,043	26,770	17,435	17,516	18,793	17,441	39,087	81,404	47,477	14,544	5,702	42,744	25,391	39,313
Investment in fixed assets (approximation)	3,543	0	4,460	12,200	0	5,229	1,997	3,271	7,934	10,400	5,500	26,082	1,505	8,793	970	924	8,273	7,029	37,571	43,184
Change in cash	-7,268	-2,170	-789	5,381	896	4,134	-2,881	2,939	234	-2,673	-	-	-	-	9,323	-	-	-	-	-
Working capital	92,242	73,077	50,943	25,740	20,417	6,623	-16,521	-24,068	-11,428	-16,067	-19,784	-53,420	-64,596	-76,270	-167,982	-204,935	-206,655	-192,185	-213,665	-189,854
Solvency	84.9%	74.1%	67.3%	52.7%	52.4%	39.2%	5.9%	-3.9%	-32.0%	-29.8%	-27.0%	-23.2%	-19.7%	-17.3%	-37.2%	-56.3%	-42.9%	-23.9%	-24.8%	-17.4%
Current ratio	6.19	3.60	2.64	1.72	1.83	1.27	0.58	0.51	0.59	0.48	0.44	0.28	0.44	0.44	0.09	0.04	0.09	0.10	0.03	0.11
Debt to equity	0.18	0.35	0.49	0.90	0.77	1.14	11.03	-	-	-	-	-	-	-	-	-	-	-	-	-
ROE	19.6%	22.4%	33.2%	24.5%	34.8%	92.1%	181.7%	-	-	-	-	-	-	-	-	-	-	-	-	-
ROA	16.7%	16.6%	22.3%	12.9%	18.2%	36.1%	10.7%	13.4%	0.5%	0.1%	0.6%	0.3%	12.4%	25.8%	21.6%	-4.4%	-15.5%	2.7%	-6.0%	2.4%
Interest coverage	51.30	over 100	over 100	22.43	37.33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€3,543	-	€4,460	€12,200	-
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€3,112	€5,776	€14,117	€11,463	€9,541

CAPOL

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency84.9%

Current ratio6.19

Return on assets16.7%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on CAPOL

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