KAPMAN GROUP
ActiveSummary
KAPMAN GROUP has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.14M and a net result of €324k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 71% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-20
Solvency100=
Growth31▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 4.55 in 2024; short-term debt: 15.2% and cash: 1.1% of total assets), and 25.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.8%
Return on assets
3.4%
Age of the figures
13 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
192022232425
2019 to 2025 · latest year €7.14M
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 23-02-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
25 d early
2023
32 d early
2022
2 d early
2021
53 d late
2020
on the day
2019
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close25-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€380k▼ 1.6%
2019 · €386k
2019: €386k
2020: €380k▼ -1.6% vs 2019
2019 → 2020
EBIT margin
103.6%▲ 94.9pp
2019 · 8.7%
2019: 8.7%
2020: 103.6%▲ +1094% vs 2019
2019 → 2020
Net result
€324k▼ 92.0%
2024 · €4.07M
2019: €2.96M
2020: €352k▼ -88.1% vs 2019
2022: €327k
2023: €379k▲ +15.9% vs 2022
2024: €4.07M▲ +974% vs 2023highest value
2025: €324k▼ -92.0% vs 2024lowest value
2019 → 2025
Working capital
€2.26M▼ 32.9%
2024 · €3.36M
2019: €-627k
2020: €-639k▼ -1.9% vs 2019
2022: €-636k
2023: €-686k▼ -7.9% vs 2022lowest value
2024: €3.36M▲ +590% vs 2023highest value
2025: €2.26M▼ -32.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€380k-
Equity€8.77M-€5.15M▼ 41.3%€5.28M▲ 2.5%€7.02M▲ 32.9%€7.14M▲ 1.8%
2020: €8.77Mhighest value
2022: €5.15Mlowest value
2023: €5.28M▲ +2.5% vs 2022
2024: €7.02M▲ +32.9% vs 2023
2025: €7.14M▲ +1.8% vs 2024
Operating result€394k-€388k▼ 1.4%€351k▼ 9.5%€292k▼ 16.9%€359k▲ 22.8%
2020: €394khighest value
2022: €388k
2023: €351k▼ -9.5% vs 2022
2024: €292k▼ -16.9% vs 2023lowest value
2025: €359k▲ +22.8% vs 2024
Net result€352k-€327k▼ 7.0%€379k▲ 15.9%€4.07M▲ 974%€324k▼ 92.0%
2020: €352k
2022: €327k
2023: €379k▲ +15.9% vs 2022
2024: €4.07M▲ +974% vs 2023highest value
2025: €324k▼ -92.0% vs 2024lowest value
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.55M
Fixed assets
€5.84M ▲ 34.6%
Current assets
€3.70M ▼ 14.0%
Equity and liabilities €9.55M
Equity
€7.14M ▲ 1.8%
Provisions
€413 ▼ 25.0%
Debt
€2.41M ▲ 47.4%
Debt's share of the balance-sheet total rises from 18.9% to 25.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€378k▲
2024 · €311k
Cash flow
€343k▼
2024 · €4.09M
Current ratio
2.56▼
2024 · 4.55
Debt to equity
0.34▲
2024 · 0.23
ROE
4.5%▼
2024 · 58.0%
ROA
3.4%▼
2024 · 47.1%
Interest coverage
9.39▲
2024 · 5.16
Debt ≤ 1 year
€1.45M▲
2024 · €946k
Debt > 1 year
€957k▲
2024 · €685k
Income taxes
€46k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.65M€9.55M▲
Fixed assets21/28€4.34M€5.84M▲
Tangible fixed assets22/27€155k€136k▼
Land and buildings22€148k€132k▼
Furniture and vehicles24€3k€1k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€4.19M€5.71M▲
Current assets29/58€4.31M€3.70M▼
Amounts receivable after more than one year29€480k€482k▲
Other amounts receivable291€480k€482k▲
Amounts receivable within one year40/41€1.67M€3.11M▲
Trade receivables40€9k€136k▲
Other amounts receivable41€1.66M€2.98M▲
Cash at bank and in hand54/58€2.16M€108k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€8.65M€9.55M▲
Equity10/15€7.02M€7.14M▲
Contributions10/11€742k€742k=
Revaluation surpluses12€0-
Reserves13€6.28M€6.40M▲
Tax-exempt reserves132€1k€803▼
Distributable reserves133€6.27M€6.40M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€551€413▼
Deferred taxes168€551€413▼
Amounts payable17/49€1.63M€2.41M▲
Amounts payable after more than one year17€685k€957k▲
Financial debts170/4€685k€957k▲
Amounts payable within one year42/48€946k€1.45M▲
Current portion of amounts payable after more than one year42€61k€153k▲
Financial debts43-€450k
Other loans439-€450k
Trade debts44€472k€627k▲
Suppliers440/4€472k€627k▲
Taxes, remuneration and social security45€17k€18k▲
Taxes450/3€17k€18k▲
Other amounts payable47/48€395k€200k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k=
Other operating charges640/8€92k€110k▲
Gross operating margin9900€403k€488k▲
Operating profit (loss)9901€292k€359k▲
Financial income75/76B€3.88M€51k▼
Recurring financial income75€53k€51k▼
Non-recurring financial income76B€3.83M€0▼
Financial charges65/66B€60k€40k▼
Recurring financial charges65€60k€40k▼
Profit (loss) for the period before taxes9903€4.11M€370k▼
Transfer from deferred taxes780€138€138=
Income taxes67/77€39k€46k▲
Profit (loss) for the period9904€4.07M€324k▼
Transfer from tax-exempt reserves789€268€268=
Profit (loss) for the period to be appropriated9905€4.07M€325k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.07M€325k▼
Transfer to equity691/2€3.77M€125k▼
To other reserves6921€3.77M€125k▼
Profit to be distributed694/7€300k€200k▼
Directors or managers695€300k€200k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €380k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €36k | €19k | €19k | €19k | = |
| Other operating charges640/8 | - | €4k | €24k | €92k | €110k | ▲ 19.5% |
| Non-recurring operating charges66A | - | €81k | €0 | - | - | - |
| Gross operating margin9900 | - | €510k | €395k | €403k | €488k | ▲ 21.0% |
| Operating profit (loss)9901 | €394k | €388k | €351k | €292k | €359k | ▲ 22.8% |
| Financial income75/76B | - | €32k | €123k | €3.88M | €51k | ▼ 98.7% |
| Recurring financial income75 | €15k | €32k | €32k | €53k | €51k | ▼ 2.3% |
| Non-recurring financial income76B | - | - | €91k | €3.83M | €0 | ▼ 100% |
| Financial charges65/66B | - | €63k | €56k | €60k | €40k | ▼ 33.3% |
| Recurring financial charges65 | €43k | €63k | €56k | €60k | €40k | ▼ 33.3% |
| Debt charges650 | €42k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €375k | €356k | €417k | €4.11M | €370k | ▼ 91.0% |
| Transfer from deferred taxes780 | - | €138 | €138 | €138 | €138 | = |
| Income taxes67/77 | €24k | €29k | €38k | €39k | €46k | ▲ 17.2% |
| Profit (loss) for the period9904 | €352k | €327k | €379k | €4.07M | €324k | ▼ 92.0% |
| Transfer from tax-exempt reserves789 | - | €268 | €268 | €268 | €268 | = |
| Profit (loss) for the period to be appropriated9905 | €354k | €328k | €380k | €4.07M | €325k | ▼ 92.0% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.80M | €7.74M | €7.75M | €8.65M | €9.55M | ▲ 10.4% |
| Fixed assets21/28 | €10.91M | €6.95M | €6.87M | €4.34M | €5.84M | ▲ 34.6% |
| Tangible fixed assets22/27 | €264k | €188k | €174k | €155k | €136k | ▼ 12.3% |
| Land and buildings22 | - | €183k | €165k | €148k | €132k | ▼ 11.2% |
| Furniture and vehicles24 | - | - | €4k | €3k | €1k | ▼ 57.1% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | €6k | €5k | €4k | €3k | ▼ 25.0% |
| Financial fixed assets28 | €10.64M | €6.76M | €6.69M | €4.19M | €5.71M | ▲ 36.3% |
| Current assets29/58 | €890k | €789k | €883k | €4.31M | €3.70M | ▼ 14.0% |
| Amounts receivable after more than one year29 | - | €524k | €601k | €480k | €482k | ▲ 0.4% |
| Other amounts receivable291 | - | €524k | €601k | €480k | €482k | ▲ 0.4% |
| Amounts receivable within one year40/41 | €544k | €242k | €250k | €1.67M | €3.11M | ▲ 86.4% |
| Trade receivables40 | - | €189k | €40k | €9k | €136k | ▲ 1,393% |
| Other amounts receivable41 | - | €54k | €210k | €1.66M | €2.98M | ▲ 79.3% |
| Cash at bank and in hand54/58 | €20k | €23k | €23k | €2.16M | €108k | ▼ 95.0% |
| Deferred charges and accrued income490/1 | - | - | €8k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.80M | €7.74M | €7.75M | €8.65M | €9.55M | ▲ 10.4% |
| Equity10/15 | €8.77M | €5.15M | €5.28M | €7.02M | €7.14M | ▲ 1.8% |
| Contributions10/11 | €1.20M | €742k | €742k | €742k | €742k | = |
| Revaluation surpluses12 | - | €2.04M | €2.04M | €0 | - | - |
| Reserves13 | €3.82M | €2.37M | €2.50M | €6.28M | €6.40M | ▲ 2.0% |
| Tax-exempt reserves132 | - | €2k | €1k | €1k | €803 | ▼ 25.0% |
| Distributable reserves133 | - | €2.37M | €2.50M | €6.27M | €6.40M | ▲ 2.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €2k | €827 | €689 | €551 | €413 | ▼ 25.0% |
| Deferred taxes168 | - | €827 | €689 | €551 | €413 | ▼ 25.0% |
| Amounts payable17/49 | €3.03M | €2.58M | €2.47M | €1.63M | €2.41M | ▲ 47.4% |
| Amounts payable after more than one year17 | €1.49M | €1.16M | €891k | €685k | €957k | ▲ 39.7% |
| Financial debts170/4 | - | €1.16M | €891k | €685k | €957k | ▲ 39.7% |
| Amounts payable within one year42/48 | €1.53M | €1.43M | €1.57M | €946k | €1.45M | ▲ 53.0% |
| Current portion of amounts payable after more than one year42 | - | €155k | €60k | €61k | €153k | ▲ 149% |
| Financial debts43 | - | €23k | €0 | - | €450k | - |
| Credit institutions430/8 | - | €23k | €0 | - | - | - |
| Other loans439 | - | - | - | - | €450k | - |
| Trade debts44 | €80k | €275k | €641k | €472k | €627k | ▲ 32.7% |
| Suppliers440/4 | - | €275k | €641k | €472k | €627k | ▲ 32.7% |
| Taxes, remuneration and social security45 | - | €47k | €34k | €17k | €18k | ▲ 6.3% |
| Taxes450/3 | - | €47k | €34k | €17k | €18k | ▲ 6.3% |
| Other amounts payable47/48 | - | €925k | €833k | €395k | €200k | ▼ 49.4% |
| Accrued charges and deferred income492/3 | - | €0 | €8k | €0 | - | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €352k | €327k | €379k | €4.07M | €324k | ▼ 92.0% |
| + Depreciation and write-downs630 | €43k | €36k | €19k | €19k | €19k | = |
| Operating cash flow (approximation) | €395k | €364k | €398k | €4.09M | €343k | ▼ 91.6% |
| Investment in fixed assets (approximation) | - | - | €60k | €2.51M | €-1.52M | ▼ 161% |
| Change in cash | - | - | €-191 | €2.13M | €-2.05M | ▼ 196% |
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
Next filing, fiscal year 2026, expected by
2026
25-06
State Gazette act
General meeting · Merger
Accounting effect · Name change · Philippe Peeters
25-06
State Gazette act
General meeting · Merger
Accounting effect · Name change · Philippe Peeters
23-06
State Gazette act
General meeting · Demerger
Accounting effect · Capital
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-08
Financial
Weakest financial yearnet €324k ▼92%
Net result drops to €324k, the lowest in the series.
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
Financial
Highest result since 2019net €4.07M ▲974%
Net result €4.07M, the highest in the series.
31-08
Financial
Liquidity times 8current ratio 4.55
Current ratio from 0.56 to 4.55; short-term debt falls from €1.57M to €946k.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 53 days late
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 30 days late
2019
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 3 days late
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Vilvoorde · 1 establishment unit since 2006
Ground area
6.6 ha
Building footprint
2.7 ha
Volume, LiDAR
498,762 m³
Parcel 23644I0371/00D003, Flanders · tallest building 24.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Kapman Group
since 20062.157.362.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644I0371/00D003 | Flanders | 6.6 ha | 1 · 2.7 ha | 24.1 m · 6 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 8,748 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-05-2006
Fiscal year end31-08
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.