Deficits
-€168,822 in three years
Every financial year from 2023 to 2025 closed with a deficit. 2023 was the heaviest.
Cappenberg
Lifetime
13 annual accounts with figures on one time axis, 20 filings since 2006peak €41,209 (2018)
€38,198▼ 2.7%
lowest -€130,335 (2019)
-€64,322▼ €30,387
peak €1.3m (2022)
€986,288▼ 9.6%
€1.2m▼ 7.5%
peak 15 FTE (2016)
3.5 FTE▼ 22.2%
Board18 names since 2017all names
5 directors and 4 others
Documentsfilings and deeds
30-06-202631 days before the deadline
2025financial year
Loss of €64,322Staff from 4.5 FTE to 3.5 FTEResignation: (director) 23-01
Key points
from the 2025 annual accountsSecurities
€600,000
Pledge on the business, new in 2025. 60.8% of equity · not in the 2024 accounts.
Staff
3.5 FTE from 15 in 2016
Between 2016 and 2025, 77% of the full-time equivalents disappeared.
Payment terms
66 days to suppliers
Cappenberg pays its suppliers 17 days later than in 2024. Customers pay 19 days earlier.
Filings
20 annual accounts since 2006
Three of the last ten came late. The 2016 accounts came latest: 150 days after the end of the period.
Public support
€1.2m awarded from 2022 to 2025
Flemish support, mostly Subsidies voor de bouw en renovatie van scholen.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 12,344 companies had the same profile as Cappenberg has now. Each dot stands for 31 companies, two years later.
90.1%
were still trading
8.7%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 12,344 companies, not a prediction for Cappenberg. 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
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Signals
Board and ownership
Director, since 19-06-2017
Director, since 19-06-2017
Director, since 26-09-2019
Director, since 23-06-2021
Director, since 22-06-2022
Auditor,
Recent changes
Environmental permit granted
Nieuwbouw of aanleggen · Mortsel
Reappointment: (statutory auditor)
General meeting of 18-06-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0436612242
Resignation: (director)
General meeting of 19-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Cappenberg Hove | €38,198 | - | 44.8% | 3.5 |
| POUVOIR ORGANISATEUR DE L'INSTITUT SAINT-MICHEL A VERVIERS - ENSEIGNEMENT FONDAMENTAL - DES FRERES DES ECOLES CHRETIENNES Verviers | €49,561 | 19.1% | 75.1% | 4 |
| De Zevensprong Leuven | €44,841 | -41.6% | 84.6% | - |
| KATHOLIEK BASISONDERWIJS WELLEN Wellen | €45,639 | 7.6% | 91.7% | - |
| Katholiek Lager Onderwijs Kaulille Bocholt | €35,575 | - | 54.0% | - |
| VZW Parochiaal Schoolcomité Leopoldsburg | €52,689 | - | 76.7% | - |
| Vrije Basisschool Sint-Macharius Laarne Laarne | - | - | 43.9% | 4.8 |
These companies have their main activity in the same NACE class as Cappenberg: education (NACE 8520). With exactly the same main activity (NACE 85206), too few companies are of comparable size. They are comparable in size and age: total assets between €1.6m and €3.3m, founded between 1981 and 1991.
Official details
Source: KBO- Status
- Active since 26-09-1988Normal situation
- Activity
- EducationNACE 85206
- Joint committees
- 152.01Subsidised private schools
- 225.01White-collar workers in subsidised private schools · annual accounts 2025
- Establishment units
- 2.154.163.1322540 Hove, since 26-09-1988
- 2.154.163.2312640 Mortsel, since 01-09-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 04-08-2025
Annual accounts 2025
- €599,382▲ 5.3%
- €2.2m▼ 8.5%
- Employeeson 31-12-2025
- 47
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on Cappenberg
Cappenberg has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €986,288 and a net result of -€64,322.
Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 35% of 336 sector peers (NACE 85, financial year 2025).
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 Cappenberg
- What is the company number of Cappenberg?
- The company number of Cappenberg is 0436.612.242. The VAT number is the same number with BE in front: BE 0436.612.242.
- Where is Cappenberg based?
- The registered office is at Wouwstraat 44, 2540 Hove.Company details
- What does Cappenberg do?
- According to the KBO register, the main activity is education (NACE 85206).
- What is the legal form of Cappenberg?
- Cappenberg is a non-profit association (VZW).
- When was Cappenberg founded?
- Cappenberg was founded on 26-09-1988.
- Is Cappenberg still active?
- Yes, Cappenberg is an active enterprise in the KBO register.
- How many employees does Cappenberg have?
- Cappenberg had an average of 3.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Cappenberg fall under?
- In its 2025 annual accounts, Cappenberg states joint committees 152.01 (Subsidised private schools) and 225.01 (White-collar workers in subsidised private schools).
- What is the turnover of Cappenberg?
- The turnover of Cappenberg was €38,198 in financial year 2025, according to the filed annual accounts.
- Is Cappenberg profitable?
- In financial year 2025, Cappenberg made a loss of €64,322.
- Where can I find the annual accounts of Cappenberg?
- Cappenberg filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Cappenberg due?
- Cappenberg must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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