Summary
CAPTAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €206,852 and a net result of €61,093. Equity is shrinking by about 5.6% per year across the filed financial years. Its solvency ranks better than 63% of 9,714 sector peers (NACE 64, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00470906.
Equity
€206,852▲ 41.9%
2024 · €145,759
Net result
€61,093▲ 808%
2024 · €6,725
Total assets
€311,940▲ 36.2%
2024 · €229,053
Solvency
66.3%▲ 2.7pp
2024 · 63.6%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 1,046% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€69,785
2025
Net result€61,093
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€311,940
2025
Equity€206,852
2025
Debt€105,088
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€173,925
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)19.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency66.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.66
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€71,594
Operating result€35,017-€52,024▲ 48.6%-€35,250-€40,671▼ 15.4%-€10,254▲ 74.8%-€7,569▲ 26.2%€6,089€69,785▲ 1,046%
Net result€28,473-€37,553▲ 31.9%-€35,046below the sector's middle half-€39,968below the sector's middle half▼ 14.0%-€9,738below the sector's middle half▲ 75.6%-€7,259below the sector's middle half▲ 25.5%€6,725within the sector's middle half€61,093within the sector's middle half▲ 808%
Equity€184,742-€222,296▲ 20.3%€187,249within the sector's middle half▼ 15.8%€147,281within the sector's middle half▼ 21.3%€137,543within the sector's middle half▼ 6.6%€130,285within the sector's middle half▼ 5.3%€145,759within the sector's middle half▲ 11.9%€206,852within the sector's middle half▲ 41.9%
Total assets€190,153-€225,019▲ 18.3%€193,741below the sector's middle half▼ 13.9%€161,753within the sector's middle half▼ 16.5%€167,410within the sector's middle half▲ 3.5%€193,321within the sector's middle half▲ 15.5%€229,053within the sector's middle half▲ 18.5%€311,940within the sector's middle half▲ 36.2%
Debt€5,410-€2,723▼ 49.7%€6,491▲ 138%€14,472▲ 123%€29,867▲ 106%€63,036▲ 111%€83,293▲ 32.1%€105,088▲ 26.2%
Working capital€152,790-€188,475▲ 23.4%€165,011within the sector's middle half▼ 12.4%€125,201within the sector's middle half▼ 24.1%€114,495within the sector's middle half▼ 8.6%€108,933within the sector's middle half▼ 4.9%€122,462within the sector's middle half▲ 12.4%€173,925above the sector's middle half▲ 42.0%
Solvency97.2%-98.8%▲ 1.6pp96.6%above the sector's middle half▼ 2.1pp91.1%above the sector's middle half▼ 5.6pp82.2%above the sector's middle half▼ 8.9pp67.4%within the sector's middle half▼ 14.8pp63.6%within the sector's middle half▼ 3.8pp66.3%within the sector's middle half▲ 2.7pp
Current ratio30.03-70.22▲ 40.1926.42above the sector's middle half▼ 43.809.65above the sector's middle half▼ 16.774.83above the sector's middle half▼ 4.822.73within the sector's middle half▼ 2.112.47within the sector's middle half▼ 0.262.66within the sector's middle half▲ 0.18
Return on assets (ROA)15.0%-16.7%▲ 1.7pp-18.1%below the sector's middle half▼ 34.8pp-24.7%below the sector's middle half▼ 6.6pp-5.8%below the sector's middle half▲ 18.9pp-3.8%below the sector's middle half▲ 2.1pp2.9%within the sector's middle half▲ 6.7pp19.6%within the sector's middle half▲ 16.6pp
Staff (FTE)0.3below the sector's middle half1▲ 233%
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €311,940
Fixed assets
€32,927 ▲ 41.3%
Current assets
€279,013 ▲ 35.6%
Equity and liabilities €311,940
Equity
€206,852 ▲ 41.9%
Debt
€105,088 ▲ 26.2%
Debt's share of the balance-sheet total falls from 36.4% to 33.7%. Equity and debt are higher.
Key figures and ratios
ROE
29.5%▲
2024 · 4.6%
Debt ≤ 1 year
€105,088▲
2024 · €83,293
Income taxes
€9,693▲
2024 · €361
Staff costs
€184,594▲
2024 · €145,063
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €71,594 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €31,168 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €31,168 | €59,480 | €113,554 | €145,063 | €184,594 | ▲ 27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,748 | €11,583 | €11,583 | €11,408 | €3,242 | €2,781 | €1,338 | €2,699 | ▲ 102% |
| Other operating charges640/8 | - | - | - | €2,650 | €1,713 | €1,792 | €2,135 | €1,806 | ▼ 15.4% |
| Gross operating margin9900 | €45,036 | €64,600 | -€16,451 | €4,555 | €54,181 | €110,557 | €154,625 | €258,884 | ▲ 67.4% |
| Operating profit (loss)9901 | €35,017 | €52,024 | -€35,250 | -€40,671 | -€10,254 | -€7,569 | €6,089 | €69,785 | ▲ 1,046% |
| Financial income75/76B | - | - | - | €1,122 | €961 | €930 | €1,143 | €1,170 | ▲ 2.4% |
| Recurring financial income75 | - | €1,265 | €668 | €1,122 | €961 | €930 | €1,143 | €1,170 | ▲ 2.4% |
| Financial charges65/66B | - | - | - | €125 | €116 | €362 | €146 | €169 | ▲ 15.8% |
| Recurring financial charges65 | €350 | €135 | €166 | €125 | €116 | €362 | €146 | €169 | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | €34,667 | €53,154 | -€34,748 | -€39,675 | -€9,409 | -€7,001 | €7,086 | €70,786 | ▲ 899% |
| Income taxes67/77 | €6,194 | €15,600 | €299 | €293 | €329 | €258 | €361 | €9,693 | ▲ 2,583% |
| Profit (loss) for the period9904 | €28,473 | €37,553 | -€35,046 | -€39,968 | -€9,738 | -€7,259 | €6,725 | €61,093 | ▲ 808% |
| Profit (loss) for the period to be appropriated9905 | €28,473 | €37,553 | -€35,046 | -€39,968 | -€9,738 | -€7,259 | €6,725 | €61,093 | ▲ 808% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €190,153 | €225,019 | €193,741 | €161,753 | €167,410 | €193,321 | €229,053 | €311,940 | ▲ 36.2% |
| Fixed assets21/28 | €32,100 | €33,821 | €22,238 | €22,080 | €23,048 | €21,351 | €23,297 | €32,927 | ▲ 41.3% |
| Tangible fixed assets22/27 | €31,870 | €33,591 | €22,008 | €21,850 | €22,818 | €21,121 | €23,067 | €32,697 | ▲ 41.7% |
| Land and buildings22 | - | - | - | €11,250 | €11,250 | €11,250 | €11,250 | €11,250 | = |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €316 | €237 | ▼ 24.8% |
| Furniture and vehicles24 | - | - | - | €10,600 | €11,568 | €9,871 | €11,501 | €21,210 | ▲ 84.4% |
| Financial fixed assets28 | €230 | €230 | €230 | €230 | €230 | €230 | €230 | €230 | = |
| Current assets29/58 | €158,053 | €191,198 | €171,503 | €139,673 | €144,362 | €171,970 | €205,756 | €279,013 | ▲ 35.6% |
| Amounts receivable after more than one year29 | - | - | - | €21,927 | €21,927 | €21,927 | €21,927 | €21,927 | = |
| Other amounts receivable291 | - | - | - | €21,927 | €21,927 | €21,927 | €21,927 | €21,927 | = |
| Stocks and contracts in progress3 | - | - | - | €3,500 | - | - | - | - | - |
| Contracts in progress37 | - | - | - | €3,500 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €4,113 | €39,276 | €11,511 | €40,265 | €69,669 | €78,067 | €79,075 | €137,720 | ▲ 74.2% |
| Trade receivables40 | - | - | - | €30,713 | €62,791 | €65,960 | €67,853 | €123,039 | ▲ 81.3% |
| Other amounts receivable41 | - | - | - | €9,552 | €6,878 | €12,107 | €11,222 | €14,682 | ▲ 30.8% |
| Cash at bank and in hand54/58 | €120,657 | €119,746 | €133,321 | €71,877 | €50,235 | €67,641 | €100,317 | €115,479 | ▲ 15.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,104 | €2,531 | €4,335 | €4,438 | €3,887 | ▼ 12.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €190,153 | €225,019 | €193,741 | €161,753 | €167,410 | €193,321 | €229,053 | €311,940 | ▲ 36.2% |
| Equity10/15 | €184,742 | €222,296 | €187,249 | €147,281 | €137,543 | €130,285 | €145,759 | €206,852 | ▲ 41.9% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €172,342 | €209,896 | €174,849 | €134,881 | €125,143 | €117,885 | €133,359 | €194,452 | ▲ 45.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €133,021 | €123,283 | €116,025 | €131,499 | €192,592 | ▲ 46.5% |
| Amounts payable17/49 | €5,410 | €2,723 | €6,491 | €14,472 | €29,867 | €63,036 | €83,293 | €105,088 | ▲ 26.2% |
| Amounts payable within one year42/48 | €5,264 | €2,723 | €6,491 | €14,472 | €29,867 | €63,036 | €83,293 | €105,088 | ▲ 26.2% |
| Trade debts44 | €433 | €1,395 | €1,761 | €1,608 | €5,844 | €13,662 | €20,679 | €13,756 | ▼ 33.5% |
| Suppliers440/4 | - | - | - | €1,608 | €5,844 | €13,662 | €20,679 | €13,756 | ▼ 33.5% |
| Taxes, remuneration and social security45 | - | - | - | €12,864 | €24,023 | €49,374 | €62,614 | €91,332 | ▲ 45.9% |
| Taxes450/3 | - | - | - | €4,980 | €9,285 | €16,334 | €38,867 | €53,853 | ▲ 38.6% |
| Remuneration and social security454/9 | - | - | - | €7,884 | €14,737 | €33,040 | €23,747 | €37,479 | ▲ 57.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,473 | €37,553 | -€35,046 | -€39,968 | -€9,738 | -€7,259 | €6,725 | €61,093 | ▲ 808% |
| + Depreciation and write-downs630 | €8,748 | €11,583 | €11,583 | €11,408 | €3,242 | €2,781 | €1,338 | €2,699 | ▲ 102% |
| Operating cash flow (approximation) | €37,221 | €49,136 | -€23,464 | -€28,560 | -€6,496 | -€4,478 | €8,063 | €63,791 | ▲ 691% |
| Investment in fixed assets (approximation) | - | -€13,304 | €0 | -€11,250 | -€4,210 | -€1,084 | -€3,284 | -€12,329 | ▼ 275% |
| Change in cash | - | -€910 | €13,575 | -€61,444 | -€21,642 | €17,406 | €32,676 | €15,162 | ▼ 53.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00470906 |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00522106 |
| 31-12-2023 | micro format | 31-10-2024 | 2024-00523356 |
| 31-12-2022 | micro format | 25-09-2023 | 2023-00452363 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20334420 |
| 31-12-2020 | abbreviated format | 10-06-2021 | 2021-18700232 |
| 31-12-2019 | abbreviated format | 02-06-2020 | 2020-14400550 |
| 31-12-2018 | abbreviated format | 18-06-2019 | 2019-19400090 |
| 31-12-2017 | abbreviated format | 01-06-2018 | 2018-15200088 |
| 31-12-2016 | abbreviated format | 29-05-2017 | 2017-13300213 |
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Of the 24,458 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,963. 13,669 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €109 awarded · €109 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.