Capture
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 19 filings
Turnover
≈ €240,000
Estimated: probably between €160,000 and €410,000
Total assets
€246,068▲ 22.1%
2024 · €201,462
Net result
€48,652▲ 9.1%
2024 · €44,589
Working capital
€238,560▲ 28.3%
2024 · €185,955
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€73,168
▲ 7.3%
2025
20182025
Net result
€48,652
▲ 9.1%
2025
highest quarter of the sector
20182025
Equity
€242,365
▲ 25.1%
2025
highest quarter of the sector
20182025
Total assets
€246,068
▲ 22.1%
2025
highest quarter of the sector
20182025
Debt
€3,702
▼ 52.2%
2025
20182025
Working capital
€238,560
▲ 28.3%
2025
highest quarter of the sector
20182025
Solvency
98.5%
▲ 2.3pp
2025
highest quarter of the sector
20182025
Current ratio
65.43
▲ 40.44
2025
highest quarter of the sector
20182025
Return on assets (ROA)
19.8%
▼ 2.4pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€11,772-€39,469▲ 235%€40,877▲ 3.6%€28,757▼ 29.7%€22,514▼ 21.7%€49,945▲ 122%€68,196▲ 36.5%€73,168▲ 7.3%
Net result€7,963-€28,737▲ 261%€29,929above the sector's middle half▲ 4.2%€20,043within the sector's middle half▼ 33.0%€16,461within the sector's middle half▼ 17.9%€33,576above the sector's middle half▲ 104%€44,589above the sector's middle half▲ 32.8%€48,652above the sector's middle half▲ 9.1%
Equity€61,107-€82,644▲ 35.2%€111,773above the sector's middle half▲ 35.2%€131,016above the sector's middle half▲ 17.2%€146,677above the sector's middle half▲ 12.0%€179,420above the sector's middle half▲ 22.3%€193,714above the sector's middle half▲ 8.0%€242,365above the sector's middle half▲ 25.1%
Total assets€85,590-€96,487▲ 12.7%€126,688within the sector's middle half▲ 31.3%€133,993within the sector's middle half▲ 5.8%€151,895within the sector's middle half▲ 13.4%€187,173within the sector's middle half▲ 23.2%€201,462within the sector's middle half▲ 7.6%€246,068above the sector's middle half▲ 22.1%
Debt€24,483-€13,843▼ 43.5%€14,915▲ 7.7%€2,977▼ 80.0%€5,218▲ 75.3%€7,753▲ 48.6%€7,749=€3,702▼ 52.2%
Working capital€54,605-€69,702▲ 27.6%€85,615above the sector's middle half▲ 22.8%€109,650above the sector's middle half▲ 28.1%€126,861above the sector's middle half▲ 15.7%€171,287above the sector's middle half▲ 35.0%€185,955above the sector's middle half▲ 8.6%€238,560above the sector's middle half▲ 28.3%
Solvency71.4%-85.7%▲ 14.3pp88.2%above the sector's middle half▲ 2.6pp97.8%above the sector's middle half▲ 9.6pp96.6%above the sector's middle half▼ 1.2pp95.9%above the sector's middle half▼ 0.7pp96.2%above the sector's middle half▲ 0.3pp98.5%above the sector's middle half▲ 2.3pp
Current ratio3.23-6.04▲ 2.806.74above the sector's middle half▲ 0.7037.84above the sector's middle half▲ 31.1025.31above the sector's middle half▼ 12.5323.09above the sector's middle half▼ 2.2225.00above the sector's middle half▲ 1.9065.43above the sector's middle half▲ 40.44
Return on assets (ROA)9.3%-29.8%▲ 20.5pp23.6%above the sector's middle half▼ 6.2pp15.0%within the sector's middle half▼ 8.7pp10.8%within the sector's middle half▼ 4.1pp17.9%within the sector's middle half▲ 7.1pp22.1%within the sector's middle half▲ 4.2pp19.8%within the sector's middle half▼ 2.4pp
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 7% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €246,068
Fixed assets
€3,805 ▼ 51.0%
Current assets
€242,262 ▲ 25.1%
Equity and liabilities €246,068
Equity
€242,365 ▲ 25.1%
Debt
€3,702 ▼ 52.2%
Debt's share of the balance-sheet total falls from 3.8% to 1.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77,488▲
2024 · €74,567
Cash flow
€52,971▲
2024 · €50,960
Debt to equity
0.02▼
2024 · 0.04
ROE
20.1%▼
2024 · 23.0%
Interest coverage
31.88▲
2024 · 28.16
Debt ≤ 1 year
€3,702▼
2024 · €7,749
Income taxes
€23,042▲
2024 · €21,197
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,596 | €11,696 | €1,239 | €5,997 | €404 |
| Depreciation and write-downs of the year | €16,045 | €13,246 | €12,922 | €6,371 | €4,320 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €98 awarded · €98 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,440 | €9,000 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,451 | €7,001 | €9,414 | €16,045 | €13,246 | €12,922 | €6,371 | €4,320 | ▼ 32.2% |
| Other operating charges640/8 | - | - | - | €1,102 | €1,136 | €595 | €760 | €800 | ▲ 5.2% |
| Non-recurring operating charges66A | - | - | - | €847 | €0 | - | - | €37 | - |
| Gross operating margin9900 | €23,292 | €48,142 | €51,391 | €46,752 | €36,896 | €63,462 | €75,328 | €78,325 | ▲ 4.0% |
| Operating profit (loss)9901 | €11,772 | €39,469 | €40,877 | €28,757 | €22,514 | €49,945 | €68,196 | €73,168 | ▲ 7.3% |
| Financial income75/76B | - | - | - | €9 | €127 | €202 | €238 | €956 | ▲ 302% |
| Recurring financial income75 | €1,362 | €894 | €4 | €9 | €127 | €202 | €238 | €956 | ▲ 302% |
| Financial charges65/66B | - | - | - | €157 | €164 | €1,761 | €2,648 | €2,430 | ▼ 8.2% |
| Recurring financial charges65 | €816 | €290 | €221 | €157 | €164 | €1,761 | €2,648 | €2,430 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €12,317 | €40,072 | €40,660 | €28,608 | €22,477 | €48,386 | €65,786 | €71,694 | ▲ 9.0% |
| Income taxes67/77 | €4,354 | €11,336 | €10,731 | €8,565 | €6,017 | €14,810 | €21,197 | €23,042 | ▲ 8.7% |
| Profit (loss) for the period9904 | €7,963 | €28,737 | €29,929 | €20,043 | €16,461 | €33,576 | €44,589 | €48,652 | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €7,963 | €28,737 | €29,929 | €20,043 | €16,461 | €33,576 | €44,589 | €48,652 | ▲ 9.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €85,590 | €96,487 | €126,688 | €133,993 | €151,895 | €187,173 | €201,462 | €246,068 | ▲ 22.1% |
| Fixed assets21/28 | €6,502 | €12,941 | €26,158 | €21,367 | €19,816 | €8,133 | €7,759 | €3,805 | ▼ 51.0% |
| Intangible fixed assets21 | €280 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €6,222 | €12,941 | €26,158 | €21,367 | €19,816 | €8,133 | €7,759 | €3,805 | ▼ 51.0% |
| Plant, machinery and equipment23 | - | - | - | €13,031 | €15,354 | €7,544 | €7,721 | €3,805 | ▼ 50.7% |
| Furniture and vehicles24 | - | - | - | €8,336 | €4,462 | €589 | €37 | €0 | ▼ 100% |
| Current assets29/58 | €79,088 | €83,546 | €100,530 | €112,626 | €132,079 | €179,040 | €193,704 | €242,262 | ▲ 25.1% |
| Amounts receivable within one year40/41 | €17,050 | €8,426 | €6,726 | €13,892 | €17,857 | €14,082 | €7,718 | €9,742 | ▲ 26.2% |
| Trade receivables40 | - | - | - | €9,555 | €7,455 | €9,244 | €7,594 | €8,874 | ▲ 16.8% |
| Other amounts receivable41 | - | - | - | €4,337 | €10,402 | €4,838 | €124 | €868 | ▲ 600% |
| Cash at bank and in hand54/58 | €62,038 | €75,120 | €93,804 | €98,734 | €113,498 | €163,532 | €184,474 | €230,917 | ▲ 25.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €724 | €1,426 | €1,511 | €1,603 | ▲ 6.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €85,590 | €96,487 | €126,688 | €133,993 | €151,895 | €187,173 | €201,462 | €246,068 | ▲ 22.1% |
| Equity10/15 | €61,107 | €82,644 | €111,773 | €131,016 | €146,677 | €179,420 | €193,714 | €242,365 | ▲ 25.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €39,989 | €63,989 | €92,989 | €112,389 | €127,989 | €160,820 | €175,114 | €223,765 | ▲ 27.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €110,529 | €127,989 | €160,820 | €175,114 | €223,765 | ▲ 27.8% |
| Profit (loss) carried forward14 | €2,518 | €55 | €184 | €27 | €88 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €24,483 | €13,843 | €14,915 | €2,977 | €5,218 | €7,753 | €7,749 | €3,702 | ▼ 52.2% |
| Amounts payable within one year42/48 | €24,483 | €13,843 | €14,915 | €2,977 | €5,218 | €7,753 | €7,749 | €3,702 | ▼ 52.2% |
| Trade debts44 | €2,221 | €890 | €1,159 | €884 | €421 | €736 | €866 | €29 | ▼ 96.7% |
| Suppliers440/4 | - | - | - | €884 | €421 | €736 | €866 | €29 | ▼ 96.7% |
| Taxes, remuneration and social security45 | - | - | - | €1,293 | €3,997 | €6,184 | €54 | €1,106 | ▲ 21× |
| Taxes450/3 | - | - | - | €1,293 | €3,997 | €6,184 | €54 | €1,106 | ▲ 21× |
| Other amounts payable47/48 | - | - | - | €800 | €800 | €833 | €6,829 | €2,568 | ▼ 62.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,963 | €28,737 | €29,929 | €20,043 | €16,461 | €33,576 | €44,589 | €48,652 | ▲ 9.1% |
| + Depreciation and write-downs630 | €9,451 | €7,001 | €9,414 | €16,045 | €13,246 | €12,922 | €6,371 | €4,320 | ▼ 32.2% |
| Operating cash flow (approximation) | €17,414 | €35,738 | €39,344 | €36,088 | €29,707 | €46,498 | €50,960 | €52,971 | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | -€13,441 | -€22,631 | -€11,254 | -€11,696 | -€1,239 | -€5,997 | -€367 | ▲ 93.9% |
| Change in cash | - | €13,082 | €18,684 | €4,930 | €14,763 | €50,034 | €20,943 | €46,443 | ▲ 122% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as Capture has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Capture itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,693 companies, not a prediction for Capture. 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00221959 | |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00221714 | |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00261145 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00271768 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20344515 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-52500289 | |
| 31-12-2019 | micro format | 12-10-2020 | 2020-60600079 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46000267 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-48800042 | |
| 31-12-2016 | micro format | 24-08-2017 | 2017-47000403 |