CAPSTONE
ActiveSummary
CAPSTONE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €124,921 and a net result of €3,837. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 52% of 1295 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability35▲+35
Solvency59▼-11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.23 in 2023; short-term debt: 61.4% and cash: 9.5% of total assets), and 66.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33.5%
Return on assets
1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
7 d late
2022
15 d early
2021
45 d early
2020
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#4 oldest company in Colfontaine, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,837
2023 · -€65,459
Working capital
€13,031▼ 50.4%
2023 · €26,263
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20212022202220232024
Operating result€24,620▼ 95.0%€13,697▼ 44.4%-€42,875--€55,575▼ 29.6%€18,972
Net result€8,699within the sector's middle half▼ 97.3%€132below the sector's middle half▼ 98.5%-€47,119below the sector's middle half--€65,459below the sector's middle half▼ 38.9%€3,837within the sector's middle half
Equity€287,103within the sector's middle half▲ 2.5%€285,703within the sector's middle half▼ 0.5%€187,069within the sector's middle half-€121,347within the sector's middle half▼ 35.1%€124,921within the sector's middle half▲ 2.9%
Total assets€535,494within the sector's middle half▼ 34.5%€584,415within the sector's middle half▲ 9.1%€331,240within the sector's middle half-€267,133below the sector's middle half▼ 19.4%€372,874within the sector's middle half▲ 39.6%
Debt€248,391▼ 53.8%€298,712▲ 20.3%€144,171-€145,786▲ 1.1%€247,953▲ 70.1%
Working capital€125,563within the sector's middle half▼ 50.2%€78,568within the sector's middle half▼ 37.4%€93,281within the sector's middle half-€26,263within the sector's middle half▼ 71.8%€13,031within the sector's middle half▼ 50.4%
Solvency53.6%above the sector's middle half▲ 19.4pp48.9%within the sector's middle half▼ 4.7pp56.5%above the sector's middle half-45.4%within the sector's middle half▼ 11.0pp33.5%within the sector's middle half▼ 11.9pp
Current ratio2.40above the sector's middle half▲ 0.661.46within the sector's middle half▼ 0.942.07within the sector's middle half-1.23within the sector's middle half▼ 0.841.06below the sector's middle half▼ 0.17
Return on assets (ROA)1.6%within the sector's middle half▼ 38.3pp0.0%below the sector's middle half▼ 1.6pp-14.2%below the sector's middle half--24.5%below the sector's middle half▼ 10.3pp1.0%within the sector's middle half▲ 25.5pp
Staff (FTE)8.3within the sector's middle half=8.4within the sector's middle half▲ 1.2%10.7within the sector's middle half-8.3within the sector's middle half▼ 22.4%4.4within the sector's middle half▼ 47.0%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result -97% on 2020. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €372,874
Fixed assets
€130,776 ▲ 3.4%
Current assets
€242,098 ▲ 72.1%
Equity and liabilities €372,874
Equity
€124,921 ▲ 2.9%
Debt
€247,953 ▲ 70.1%
Debt's share of the balance-sheet total rises from 54.6% to 66.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,690▲
2023 · -€28,749
Cash flow
€11,555▲
2023 · -€38,633
Debt to equity
1.98▲
2023 · 1.20
ROE
3.1%▲
2023 · -53.9%
Interest coverage
1.84▲
2023 · -3.31
Debt ≤ 1 year
€229,067▲
2023 · €114,398
Debt > 1 year
€18,886▼
2023 · €31,388
Income taxes
€1,437▼
2023 · €1,480
Staff costs
€59,741▼
2023 · €161,983
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €174,091 | €98,178 | €161,983 | €59,741 | ▼ 63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,385 | €35,018 | €14,752 | €26,826 | €7,718 | ▼ 71.2% |
| Other operating charges640/8 | - | €6,267 | €2,535 | €6,850 | €5,818 | ▼ 15.1% |
| Gross operating margin9900 | €155,688 | €229,073 | €72,590 | €140,084 | €92,249 | ▼ 34.1% |
| Operating profit (loss)9901 | €24,620 | €13,697 | -€42,875 | -€55,575 | €18,972 | ▲ 134% |
| Financial income75/76B | - | €2,124 | €343 | €273 | €793 | ▲ 190% |
| Recurring financial income75 | €1,643 | €2,124 | €343 | €273 | €793 | ▲ 190% |
| Financial charges65/66B | - | €12,363 | €3,931 | €8,677 | €14,491 | ▲ 67.0% |
| Recurring financial charges65 | €13,564 | €12,363 | €3,931 | €8,677 | €14,491 | ▲ 67.0% |
| Profit (loss) for the period before taxes9903 | €12,699 | €3,458 | -€46,463 | -€63,979 | €5,274 | ▲ 108% |
| Income taxes67/77 | €4,000 | €3,326 | €656 | €1,480 | €1,437 | ▼ 2.9% |
| Profit (loss) for the period9904 | €8,699 | €132 | -€47,119 | -€65,459 | €3,837 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €8,699 | €132 | -€47,119 | -€65,459 | €3,837 | ▲ 106% |
| Line | 2021 | 2022 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €535,494 | €584,415 | €331,240 | €267,133 | €372,874 | ▲ 39.6% |
| Fixed assets21/28 | €320,157 | €336,359 | €150,474 | €126,472 | €130,776 | ▲ 3.4% |
| Tangible fixed assets22/27 | €219,157 | €235,359 | €49,474 | €25,472 | €20,838 | ▼ 18.2% |
| Land and buildings22 | - | €161,543 | - | - | - | - |
| Plant, machinery and equipment23 | - | €52,892 | €34,832 | €23,182 | €18,944 | ▼ 18.3% |
| Furniture and vehicles24 | - | €20,924 | €14,642 | €2,290 | €1,894 | ▼ 17.3% |
| Financial fixed assets28 | €101,000 | €101,000 | €101,000 | €101,000 | €109,938 | ▲ 8.8% |
| Current assets29/58 | €215,337 | €248,056 | €180,766 | €140,661 | €242,098 | ▲ 72.1% |
| Stocks and contracts in progress3 | €6,864 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €195,670 | €187,025 | €142,639 | €133,497 | €202,119 | ▲ 51.4% |
| Trade receivables40 | - | €185,894 | €130,725 | €114,907 | €197,307 | ▲ 71.7% |
| Other amounts receivable41 | - | €1,131 | €11,914 | €18,590 | €4,812 | ▼ 74.1% |
| Cash at bank and in hand54/58 | €11,538 | €55,666 | €31,242 | €5,056 | €35,502 | ▲ 602% |
| Deferred charges and accrued income490/1 | - | €5,365 | €6,885 | €2,108 | €4,477 | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €535,494 | €584,415 | €331,240 | €267,133 | €372,874 | ▲ 39.6% |
| Equity10/15 | €287,103 | €285,703 | €187,069 | €121,347 | €124,921 | ▲ 2.9% |
| Contributions10/11 | - | €18,600 | €15,827 | €15,828 | €15,828 | = |
| Reserves13 | €263,460 | €263,460 | €224,190 | €224,190 | €224,190 | = |
| Distributable reserves133 | - | €263,460 | €224,190 | €224,190 | €224,190 | = |
| Profit (loss) carried forward14 | -€11,957 | -€11,825 | -€57,182 | -€122,641 | -€118,804 | ▲ 3.1% |
| Investment grants15 | - | €15,468 | €4,234 | €3,970 | €3,707 | ▼ 6.6% |
| Amounts payable17/49 | €248,391 | €298,712 | €144,171 | €145,786 | €247,953 | ▲ 70.1% |
| Amounts payable after more than one year17 | €158,617 | €129,224 | €56,686 | €31,388 | €18,886 | ▼ 39.8% |
| Financial debts170/4 | - | €129,224 | €56,686 | €31,388 | €18,886 | ▼ 39.8% |
| Amounts payable within one year42/48 | €89,774 | €169,488 | €87,485 | €114,398 | €229,067 | ▲ 100% |
| Current portion of amounts payable after more than one year42 | - | €29,393 | €21,733 | €25,298 | €15,501 | ▼ 38.7% |
| Financial debts43 | - | - | - | €32,425 | €125,000 | ▲ 286% |
| Credit institutions430/8 | - | - | - | €32,425 | - | - |
| Other loans439 | - | - | - | - | €125,000 | - |
| Trade debts44 | €21,891 | €95,761 | €21,518 | €42,870 | €69,533 | ▲ 62.2% |
| Suppliers440/4 | - | €95,761 | €21,518 | €42,870 | €69,533 | ▲ 62.2% |
| Advances received on contracts in progress46 | - | - | €12,720 | - | - | - |
| Taxes, remuneration and social security45 | - | €35,962 | €24,298 | €13,622 | €18,965 | ▲ 39.2% |
| Taxes450/3 | - | €15,129 | €10,894 | €9,048 | €16,657 | ▲ 84.1% |
| Remuneration and social security454/9 | - | €20,833 | €13,404 | €4,574 | €2,308 | ▼ 49.5% |
| Other amounts payable47/48 | - | €8,372 | €7,216 | €183 | €68 | ▼ 62.8% |
| Line | 2021 | 2022 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,699 | €132 | -€47,119 | -€65,459 | €3,837 | ▲ 106% |
| + Depreciation and write-downs630 | €36,385 | €35,018 | €14,752 | €26,826 | €7,718 | ▼ 71.2% |
| Operating cash flow (approximation) | €45,084 | €35,150 | -€32,367 | -€38,633 | €11,555 | ▲ 130% |
| Investment in fixed assets (approximation) | - | -€51,220 | - | -€2,824 | -€12,022 | ▼ 326% |
| Change in cash | - | €44,128 | - | -€26,186 | €30,446 | ▲ 216% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €3,837
Net result €3,837 after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€65,459
Net result drops to -€65,459, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Back to profitnet €326,893
Net result €326,893 after one loss-making year.
30-06
Financial
Equity above €200,000Eq €280,044
Equity rises from -€21,178 to €280,044.
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Colfontaine · 1 establishment unit since 1992
Ground area
1,225 m²
Building footprint
379 m²
Volume, LiDAR
1,824 m³
Parcel 53079A0639/00D000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
CAPSTONE
since 19922.043.098.330
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53079A0639/00D000 | Wallonia | 1,225 m² | 1 · 378 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 12,924 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded28-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
43342Specialised construction activities
43343Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433062339
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.