Capstone Partners
ActiveSummary
Capstone Partners has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61.8m and a net result of €13.3m. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 91% of 952 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 5 accounts on average 50 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
History
On 8 January 1986, Capstone Partners was incorporated.1 A capital increase in 2007 brought the capital to EUR 3.4 million.2 In 2016 the registered office moved to Antwerpen.3 Since 2024 the company has been called Capstone Partners.4 Of the 4 current board members, Thomas Leysen has served longest, since 2013.5 Revenue went from EUR 300,000 in 2018 to EUR 547,567 in 2025 and headcount from 3 to 2.8 full-time equivalents.6
Go further with this company
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema, statutory accounts
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €515,184 | €562,656 | €613,933 | €654,338 | €687,849 | ▲ 5.1% |
| Turnover70 | €422,628 | €444,319 | €487,548 | €530,563 | €547,567 | ▲ 3.2% |
| Other operating income74 | €92,556 | €118,337 | €126,385 | €123,775 | €140,282 | ▲ 13.3% |
| Operating charges60/66A | €1.0m | €1.2m | €956,798 | €1.3m | €1.3m | ▲ 0.4% |
| Services and other goods61 | €541,826 | €712,559 | €519,807 | €819,154 | €816,110 | ▼ 0.4% |
| Remuneration, social security and pensions62 | €329,347 | €341,453 | €350,466 | €378,358 | €388,753 | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,843 | €22,088 | €15,432 | €15,432 | €15,432 | = |
| Other operating charges640/8 | €104,729 | €74,150 | €71,094 | €60,098 | €57,642 | ▼ 4.1% |
| Operating profit (loss)9901 | -€487,563 | -€587,593 | -€342,865 | -€618,703 | -€590,089 | ▲ 4.6% |
| Financial income75/76B | €13.6m | €6.8m | €6.0m | €16.3m | €16.3m | ▲ 0.2% |
| Recurring financial income75 | €13.6m | €6.8m | €6.0m | €6.1m | €5.5m | ▼ 10.1% |
| Income from financial fixed assets750 | €4.3m | €6.7m | €5.8m | €6.0m | €5.2m | ▼ 13.5% |
| Income from current assets751 | €12,892 | €35,001 | €211,634 | €103,531 | €114,334 | ▲ 10.4% |
| Other financial income752/9 | €9.3m | €0 | €861 | €1,501 | €183,364 | ▲ 12,115% |
| Non-recurring financial income76B | - | - | - | €10.1m | €10.8m | ▲ 6.5% |
| Financial charges65/66B | €125,272 | €580,587 | €242,156 | €9.0m | €2.4m | ▼ 72.9% |
| Recurring financial charges65 | €125,272 | €580,587 | €242,156 | €397,547 | €2.0m | ▲ 409% |
| Debt charges650 | €4,498 | €2,946 | €2,831 | €2,815 | €3,973 | ▲ 41.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €11,452 | €534,607 | €233,827 | €356,335 | €2.0m | ▲ 465% |
| Other financial charges652/9 | €109,322 | €43,034 | €5,498 | €38,396 | €4,794 | ▼ 87.5% |
| Non-recurring financial charges66B | - | - | - | €8.6m | €400,000 | ▼ 95.3% |
| Profit (loss) for the period before taxes9903 | €13.0m | €5.6m | €5.4m | €6.7m | €13.3m | ▲ 98.3% |
| Income taxes67/77 | -€279 | €592 | €533 | €2,457 | €2,017 | ▼ 17.9% |
| Taxes670/3 | €767 | €592 | €533 | €2,494 | €2,017 | ▼ 19.1% |
| Tax adjustments and reversals of tax provisions77 | €1,046 | - | - | €37 | - | - |
| Profit (loss) for the period9904 | €13.0m | €5.6m | €5.4m | €6.7m | €13.3m | ▲ 98.3% |
| Profit (loss) for the period to be appropriated9905 | €13.0m | €5.6m | €5.4m | €6.7m | €13.3m | ▲ 98.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53.5m | €55.1m | €56.5m | €56.7m | €66.0m | ▲ 16.4% |
| Fixed assets21/28 | €30.2m | €32.9m | €33.0m | €31.3m | €33.3m | ▲ 6.4% |
| Tangible fixed assets22/27 | €857,338 | €1.0m | €1.2m | €1.4m | €1.5m | ▲ 8.6% |
| Land and buildings22 | €189,755 | €180,688 | €171,622 | €162,555 | €153,488 | ▼ 5.6% |
| Furniture and vehicles24 | €374,480 | €536,615 | €709,943 | €933,578 | €1.1m | ▲ 13.7% |
| Other tangible fixed assets26 | €293,103 | €286,446 | €286,446 | €286,446 | €286,446 | = |
| Financial fixed assets28 | €29.4m | €31.9m | €31.8m | €30.0m | €31.8m | ▲ 6.3% |
| Affiliated companies280/1 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Participating interests280 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Other financial fixed assets284/8 | €27.0m | €29.6m | €29.4m | €27.6m | €29.5m | ▲ 6.8% |
| Shares284 | €27.0m | €29.6m | €29.4m | €27.6m | €29.5m | ▲ 6.8% |
| Amounts receivable and cash guarantees285/8 | €3,112 | €3,112 | €3,112 | €3,112 | €3,112 | = |
| Current assets29/58 | €23.3m | €22.2m | €23.6m | €25.3m | €32.6m | ▲ 28.8% |
| Amounts receivable after more than one year29 | - | - | €200,000 | €450,000 | €120,000 | ▼ 73.3% |
| Other amounts receivable291 | - | - | €200,000 | €450,000 | €120,000 | ▼ 73.3% |
| Amounts receivable within one year40/41 | €11.6m | €8.4m | €7.1m | €2.3m | €2.4m | ▲ 4.3% |
| Trade receivables40 | €77,417 | €43,290 | €47,497 | €53,665 | €98,839 | ▲ 84.2% |
| Other amounts receivable41 | €11.5m | €8.4m | €7.1m | €2.2m | €2.3m | ▲ 2.4% |
| Current investments50/53 | €9.6m | €13.0m | €15.9m | €22.3m | €29.7m | ▲ 33.3% |
| Other investments51/53 | €9.6m | €13.0m | €15.9m | €22.3m | €29.7m | ▲ 33.3% |
| Cash at bank and in hand54/58 | €2.1m | €789,458 | €371,841 | €311,766 | €443,224 | ▲ 42.2% |
| Deferred charges and accrued income490/1 | €3,125 | €3,125 | €14,163 | €42,853 | €27,062 | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53.5m | €55.1m | €56.5m | €56.7m | €66.0m | ▲ 16.4% |
| Equity10/15 | €49.4m | €51.0m | €49.8m | €52.5m | €61.8m | ▲ 17.7% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €415,000 | €415,000 | €415,000 | €415,000 | €415,000 | = |
| Non-distributable reserves130/1 | €340,000 | €340,000 | €340,000 | €340,000 | €340,000 | = |
| Legal reserve130 | €340,000 | €340,000 | €340,000 | €340,000 | €340,000 | = |
| Distributable reserves133 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Profit (loss) carried forward14 | €47.8m | €49.4m | €48.2m | €50.9m | €60.2m | ▲ 18.3% |
| Amounts payable17/49 | €4.1m | €4.1m | €6.7m | €4.1m | €4.1m | ▼ 0.2% |
| Amounts payable within one year42/48 | €4.1m | €4.1m | €6.7m | €4.1m | €4.1m | ▼ 0.2% |
| Trade debts44 | €16,079 | €19,419 | €23,308 | €33,767 | €25,716 | ▼ 23.8% |
| Suppliers440/4 | €16,079 | €19,419 | €23,308 | €33,767 | €25,716 | ▼ 23.8% |
| Taxes, remuneration and social security45 | €93,287 | €95,693 | €96,721 | €110,879 | €110,110 | ▼ 0.7% |
| Taxes450/3 | €15,611 | €15,891 | €10,634 | €12,940 | €11,391 | ▼ 12.0% |
| Remuneration and social security454/9 | €77,675 | €79,802 | €86,087 | €97,939 | €98,719 | ▲ 0.8% |
| Other amounts payable47/48 | €4.0m | €4.0m | €6.6m | €4.0m | €4.0m | = |
| Accrued charges and deferred income492/3 | - | - | - | €724 | €740 | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13.0m | €5.6m | €5.4m | €6.7m | €13.3m | ▲ 98.3% |
| + Depreciation and write-downs630 | €26,843 | €22,088 | €15,432 | €15,432 | €15,432 | = |
| Operating cash flow (approximation) | €13.0m | €5.6m | €5.4m | €6.7m | €13.3m | ▲ 98.1% |
| Investment in fixed assets (approximation) | - | -€2.7m | -€55,468 | €1.6m | -€2.0m | ▼ 226% |
| Change in cash | - | -€1.3m | -€417,617 | -€60,074 | €131,457 | ▲ 319% |
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
30-06
State Gazette act
Resignations: Christophe Leysen, Felicity Consult BV and E-Mile BVReappointments: Christophe Leysen (director) and Felicity Consult BV (director) · Permanent representative: Filip Platteeuw8 facts ▸
- General meeting, 08-06-2026
- Director resignation, Christophe Leysen (director)
- Director resignation, Felicity Consult BV (director)
- Director resignation, E-Mile BV (director)
- Director reappointment, Christophe Leysen (director)
- Director reappointment, Felicity Consult BV (director)
- Permanent representative, Filip Platteeuw (permanent representative)
- Other statement, vertegenwoordiger, vertegenwoordiging
19-08
State Gazette act
Reappointments: Thomas Leysen, Stéphanie Leysen and KPMG Bedrijfsrevisoren BV/SRLPermanent representative: Harry Van Donink · Auditor remuneration6 facts ▸
- General meeting, 09-06-2025
- Director reappointment, Thomas Leysen (director)
- Director reappointment, Stéphanie Leysen (director)
- Auditor reappointment, KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
- Permanent representative, Harry Van Donink
- Auditor remuneration, 6.300,00 EUR (inclusief kosten, exclusief BTW) voor boekjaar eindigend op 31 december 2025, jaarlijkse aanpassing in functie van de gezondheidsindex; rechtstree…
20-09
State Gazette act
Statutes amendmentName change2 facts ▸
- General meeting, 16-09-2024
- Name change, Capstone Partners
29-02
State Gazette act
Reappointment: E-Mile BV (director)Permanent representative: Bruno de Cartier3 facts ▸
- General meeting, 12-06-2023
- Director reappointment, E-Mile BV (director)
- Permanent representative, Bruno de Cartier
Show earlier events
05-12
State Gazette act
Appointment: Felicity Consult (director)Permanent representative: Filip PLATTEEUW · Mandate compensation6 facts ▸
- General meeting, 31-10-2023
- Director appointment, Felicity Consult (director)
- Mandate compensation, Felicity Consult
- Permanent representative, Filip PLATTEEUW
- Board meeting, 31-10-2023
- Director appointment, Felicity Consult (managing director)
28-06
State Gazette act
Statutes amendmentCapital · Statute provision · Power of attorney6 facts ▸
- General meeting, 21-06-2023
- Statutes amendment
- Statutes amendment
- Capital, €1.200.000
- Statute provision, Vrij overdracht- en legateringsrecht van aandelen zonder toestemming van de andere aandeelhouders
- Power of attorney
07-04
State Gazette act
Appointment: Christophe Leysen (director)2 facts ▸
- General meeting, 28/02/2023
- Director appointment, Christophe Leysen (director)
25-10
State Gazette act
Reappointments: Thomas Leysen, Stéphanie Leysen and 2 othersPermanent representatives: Harry Van Donink and Bruno de Cartier7 facts ▸
- General meeting, 13-06-2022
- Director reappointment, Thomas Leysen (director)
- Director reappointment, Stéphanie Leysen (director)
- Auditor reappointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Harry Van Donink
- Auditor reappointment, Emile BV (statutory auditor)
- Permanent representative, Bruno de Cartier
14-07
State Gazette act
Reappointment: E-Mile (director)Permanent representative: Bruno de Cartier d'Yves3 facts ▸
- General meeting, 08-06-2020
- Director reappointment, E-Mile (director)
- Permanent representative, Bruno de Cartier d'Yves
22-01
State Gazette act
Resignation: Grant Thornton Bedrijfsrevisoren CVBA (statutory auditor)Appointment: KPMG Bedrijfsrevisoren CVBA (statutory auditor) · Permanent representative: H. Van Donink · Mandate compensation5 facts ▸
- General meeting, 16-12-2019
- Director resignation, Grant Thornton Bedrijfsrevisoren CVBA (statutory auditor)
- Auditor appointment, KPMG Bedrijfsrevisoren CVBA (statutory auditor)
- Permanent representative, H. Van Donink
- Mandate compensation, KPMG Bedrijfsrevisoren CVBA
26-07
State Gazette act
Reappointments: Thomas Leysen (director) and Stéphanie Leysen (director)3 facts ▸
- General meeting, 10-06-2019
- Director reappointment, Thomas Leysen (director)
- Director reappointment, Stéphanie Leysen (director)
08-08
State Gazette act
Appointment: E-Mile (director and managing director)Permanent representative: Bruno de Cartier3 facts ▸
- Board meeting, 19-07-2017
- Director appointment, E-Mile (director and managing director)
- Permanent representative, Bruno de Cartier
02-08
State Gazette act
Appointment: E-Mile (director)Permanent representative: de Cartier d'Yves Bruno François Bernard Marie Ghislain · Purpose change · Statutes amendment8 facts ▸
- General meeting, 18-07-2017
- Purpose change, De vennootschap heeft tot doel zowel in België als in het buitenland zowel voor eigen naam en voor eigen rekening als voor naam of voor rekening van derden, all…
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Registered-office move, 2050 Antwerpen, Katwilgweg 2
- Director appointment, E-Mile (director)
- Permanent representative, de Cartier d'Yves Bruno François Bernard Marie Ghislain
28-01
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 31-12-2015
- Registered-office move, 2000 ANTWERPEN, Rosier 17-19
20-01
State Gazette act
Capital & shares · PurposePurpose change · Capital decrease · Capital4 facts ▸
- General meeting, 30-12-2014
- Purpose change, De vennootschap heeft tot doel: 1)Het beheren van een onroerend patrimonium en het valoriseren van dit patrimonium door het stellen van alle beheersdaden, o.m.…
- Capital decrease, €2.200.000
- Capital, €1.200.000
13-12
State Gazette act
Reappointments: Thomas LEYSEN, Philippe LEYSEN and Alexia LEYSENAppointment: Thomas LEYSEN (managing director) · Mandate compensation6 facts ▸
- General meeting, 30-09-2013
- Director reappointment, Thomas LEYSEN (director)
- Director reappointment, Philippe LEYSEN (director)
- Director reappointment, Alexia LEYSEN (director)
- Director appointment, Thomas LEYSEN (managing director)
- Mandate compensation, TRADICOR
26-10
State Gazette act
Resignations: Christian LEYSEN (director) and Sabina LEYSEN (director)Appointments: Philippe LEYSEN (director) and Alexia LEYSEN (director) · Mandate compensation · Mandate term9 facts ▸
- General meeting, 06-09-2010
- Director resignation, Christian LEYSEN (director)
- Director resignation, Sabina LEYSEN (director)
- Director appointment, Philippe LEYSEN (director)
- Director appointment, Alexia LEYSEN (director)
- Mandate compensation, Philippe LEYSEN
- Mandate compensation, Alexia LEYSEN
- Mandate term, tot de gewone algemene vergadering van 2013
- Mandate term, tot de gewone algemene vergadering van 2013
29-06
State Gazette act
Capital & shares · Statutes amendmentCapital · Capital increase8 facts ▸
- General meeting, 15-06-2007
- Capital, €3.222.615,82
- Capital increase, €177.384,18
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
Directors · office · real estate
Board 4
4 not recently confirmed
Day-to-day management 2
Permanent representatives 1
1 not recently confirmed
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0223/00B003 | Flanders | 1.4 ha | 1 · 3,963 m² | 22.1 m · 5 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Thomas Leysen |
|
| Stéphanie Leysen |
|
| Christophe Leysen |
|
| Felicity Consult |
|
| Emile BV |
|
| Alexia LEYSEN |
|
| Philippe LEYSEN |
|
| E-Mile |
|
| EXCELLENT MULTI MEDIAS, INFORMATION SYSTEMS, LINKS AND NETWORKS FOR EXECUTIVES |
|
| E-Mile BV |
|
| KPMG Bedrijfsrevisoren BV/SRL |
|
| Grant Thornton, Bedrijfsrevisoren CVBA |
|
| Christian Leysen |
|
| Sabina LEYSEN |
|
Articles of association
Full purpose
Holding activiteiten; adviesverlening, consultancy en management; verrichtingen met betrekking tot onroerende goederen; aanleggen en beheren van roerend patrimonium; toestaan van leningen en kredietopeningen.
Structure & network
Owners and holdings
1 holding · 23 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50.01%
All subsidiaries, including indirect ones 23+
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
MEDIACORE 50.01%22 subsidiaries
Mediahuis Partners 53.45%21 subsidiaries
MEDIAHUIS 54%20 subsidiaries
- DIGITAL MEDIA FACILITIES 100%
- EURACTIV MEDIA 100%
- Mediahuis Aachen Holdco GmbHDE 100%
- Mediahuis Ireland Group LtdIE 100%
- Mediahuis LuxembourgLU 100%
- Mediahuis Nederland BeheerNL 100%
- MEDIAHUIS TECHNOLOGY & PRODUCT STUDIO 100%
- Mediahuis USA Inc.US 100%
- Printing Partners Paal-Beringen 100%
- Rondom Media 100%
- RouteYou 100%
- Vlaanderen Twee 100%
- WAYNE PARKER KENT BELGIË 100%
- WEBPLICATIONS 100%
- ZABUN 100%
- IMMO PROXIO 99.47%
- Jellow HoldingNL 73.72%
- HOUSE OF RECRUITMENT SOLUTIONS 51%
- Mediahuis Ireland Group LimitedIE consolidated
- Mediahuis Luxembourg S.A.LU consolidated
The tree shows 23 companies up to 4 levels deep; there are more. Open a subsidiary's dossier to look further.
According to the 2025 annual accounts of Capstone Partners 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
24 connected companiesShow 20 more companies with a shared director
Ownership & control
1 board mandateCapital and shareholders
- 28-06-2023 Capital stated in the act · 1,200,000 EUR · 126,440 shares
- 20-01-2015 Capital reduction of 2,200,000 EUR · to 1,200,000 EUR · repaid to the shareholders
- 29-06-2007 Capital increase of 177,384.18 EUR · to 3,400,000 EUR · from reserves
Recognitions · licences · registrations
Legal Entity Identifier
Similar companies · same sector, comparable size
Company details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.