KAPUCIJN
ActiveSummary
KAPUCIJN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€106,875) and a net result of -€1,825. Equity is shrinking by ~3.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency20=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.1 in 2024; short-term debt: 104.8% and cash: 3.1% of total assets), and equity is negative.
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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 · 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 2025Solvency, return and age of the figures
Solvency
-4.8%
Return on assets
-0.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€106,875
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
21 d early
2023
14 d early
2022
17 d early
2021
24 d early
2020
23 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€106,875▼ 1.7%
2024 · -€105,049
Total assets
€2.2m▼ 3.5%
2024 · €2.3m
Net result
-€1,825▲ 40.0%
2024 · -€3,042
Working capital
-€2.2m▼ 0.1%
2024 · -€2.2m
Trend over the years
In euros
In euros
No line ticked in this group.
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,299▲ 9.8%-€2,863▲ 33.4%-€2,769▲ 3.3%-€2,672▲ 3.5%-€1,486▲ 44.4%
Net result-€4,702▲ 1.4%-€3,299▲ 29.8%-€3,155▲ 4.4%-€3,042▲ 3.6%-€1,825▲ 40.0%
Equity-€95,553▼ 5.2%-€98,852▼ 3.5%-€102,007▼ 3.2%-€105,049▼ 3.0%-€106,875▼ 1.7%
Total assets€2.1m=€2.1m=€2.3m▲ 12.1%€2.3m▼ 0.1%€2.2m▼ 3.5%
Debt€2.1m▲ 0.2%€2.2m▲ 0.2%€2.4m▲ 11.7%€2.4m=€2.3m▼ 3.2%
Working capital-€2.1m▼ 0.2%-€2.1m▼ 0.2%-€2.2m▼ 0.1%-€2.2m▼ 0.1%-€2.2m▼ 0.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,486 in 2025 against €2,672 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€2.1m =
Current assets
€169,352 ▼ 32.0%
Key figures and ratios
Solvency
-4.8%▼
2024 · -4.6%
Current ratio
0.07▼
2024 · 0.10
Debt to equity
-21.77▲
2024 · -22.88
ROA
-0.1%▲
2024 · -0.1%
Debt ≤ 1 year
€2.3m▼
2024 · €2.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €868 | €1,091 | €1,075 | €1,108 | €1,126 | ▲ 1.7% |
| Gross operating margin9900 | -€3,431 | -€1,772 | -€1,694 | -€1,564 | -€360 | ▲ 77.0% |
| Operating profit (loss)9901 | -€4,299 | -€2,863 | -€2,769 | -€2,672 | -€1,486 | ▲ 44.4% |
| Financial charges65/66B | €403 | €436 | €386 | €371 | €339 | ▼ 8.5% |
| Recurring financial charges65 | €403 | €436 | €386 | €371 | €339 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | -€4,702 | -€3,299 | -€3,155 | -€3,042 | -€1,825 | ▲ 40.0% |
| Profit (loss) for the period9904 | -€4,702 | -€3,299 | -€3,155 | -€3,042 | -€1,825 | ▲ 40.0% |
| Profit (loss) for the period to be appropriated9905 | -€4,702 | -€3,299 | -€3,155 | -€3,042 | -€1,825 | ▲ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €2.3m | €2.3m | €2.2m | ▼ 3.5% |
| Fixed assets21/28 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Financial fixed assets28 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Current assets29/58 | €2,031 | €2,567 | €251,106 | €248,870 | €169,352 | ▼ 32.0% |
| Amounts receivable within one year40/41 | - | - | - | €19 | €100,019 | ▲ 537,924% |
| Other amounts receivable41 | - | - | - | €19 | €100,019 | ▲ 537,924% |
| Cash at bank and in hand54/58 | €2,031 | €2,567 | €251,106 | €248,852 | €69,334 | ▼ 72.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €2.3m | €2.3m | €2.2m | ▼ 3.5% |
| Equity10/15 | -€95,553 | -€98,852 | -€102,007 | -€105,049 | -€106,875 | ▼ 1.7% |
| Contributions10/11 | €73,374 | €73,374 | €73,374 | €73,374 | €73,374 | = |
| Capital10 | €72,606 | €72,606 | €72,606 | €72,606 | €72,606 | = |
| Issued capital100 | €72,606 | €72,606 | €72,606 | €72,606 | €72,606 | = |
| Outside capital11 | €768 | €768 | €768 | €768 | €768 | = |
| Share premium1100/10 | €768 | €768 | €768 | €768 | €768 | = |
| Reserves13 | €7,261 | €7,261 | €7,261 | €7,261 | €7,261 | = |
| Non-distributable reserves130/1 | €7,261 | €7,261 | €7,261 | €7,261 | €7,261 | = |
| Legal reserve130 | €7,261 | €7,261 | €7,261 | €7,261 | €7,261 | = |
| Profit (loss) carried forward14 | -€176,187 | -€179,486 | -€182,641 | -€185,684 | -€187,509 | ▼ 1.0% |
| Amounts payable17/49 | €2.1m | €2.2m | €2.4m | €2.4m | €2.3m | ▼ 3.2% |
| Amounts payable within one year42/48 | €2.1m | €2.2m | €2.4m | €2.4m | €2.3m | ▼ 3.2% |
| Trade debts44 | €2,665 | €1,500 | €3,194 | €3,982 | €1,600 | ▼ 59.8% |
| Suppliers440/4 | €2,665 | €1,500 | €3,194 | €3,982 | €1,600 | ▼ 59.8% |
| Other amounts payable47/48 | €2.1m | €2.1m | €2.4m | €2.4m | €2.3m | ▼ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,702 | -€3,299 | -€3,155 | -€3,042 | -€1,825 | ▲ 40.0% |
| Operating cash flow (approximation) | -€4,702 | -€3,299 | -€3,155 | -€3,042 | -€1,825 | ▲ 40.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €19 | €0 | ▼ 100% |
| Change in cash | - | €536 | €248,539 | -€2,254 | -€179,518 | ▼ 7,863% |
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
31-08
State Gazette act
Reappointments: V.H.V. BV, ISOMED BV and TRANS-IMMO INVEST BVPermanent representatives: Pierre Van Hoorde, Doris De Meyer and Sébastien Van Hoorde9 facts ▸
State Gazette act
Reappointments: V.H.V. BV, ISOMED BV and TRANS-IMMO INVEST BV
Permanent representatives: Pierre Van Hoorde, Doris De Meyer and Sébastien Van Hoorde9 facts ▸
- Board meeting, 27-06-2026
- General meeting, 27-06-2026
- Director reappointment, V.H.V. BV (director)
- Director reappointment, ISOMED BV (director)
- Director reappointment, TRANS-IMMO INVEST BV (director)
- Director reappointment, V.H.V. BV (managing director and chair)
- Permanent representative, Pierre Van Hoorde (permanent representative)
- Permanent representative, Doris De Meyer (permanent representative)
- Permanent representative, Sébastien Van Hoorde (permanent representative)
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€4,768
Net result drops to -€4,768, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26109613). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
H.V.H BV
CurrentDirector · since 27-06-2026 · Legal entity · perm. rep.: Pierre Van Hoorde
ISOMED BV
CurrentDirector · since 27-06-2026 · Legal entity · perm. rep.: Doris De Meyer
TRANS-IMMO INVEST BV
CurrentDirector · since 27-06-2026 · Legal entity · perm. rep.: Sébastien Van Hoorde
V.H.V. BV
CurrentDirector · Legal entity · from a recent act
Day-to-day management 2
H.V.H BV
CurrentManaging director and chair · since 27-06-2026 · Legal entity · perm. rep.: Pierre Van Hoorde
V.H.V. BV
CurrentManaging director and chair · Legal entity · from a recent act
Permanent representatives 3
Doris De Meyer
CurrentPermanent representative · since 27-06-2026 · for ISOMED BV
Pierre Van Hoorde
CurrentPermanent representative · since 27-06-2026 · for H.V.H BV
Sébastien Van Hoorde
CurrentPermanent representative · since 27-06-2026 · for TRANS-IMMO INVEST BV
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, De Haan · 1 establishment unit since 1990
Ground area
905 m²
Building footprint
88 m²
Volume, LiDAR
484 m³
Parcel 35007A0004/00Y008, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Van Maerlantlaan 34 3, 8420 De Haan
since 19902.048.906.650
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0004/00Y008 ProtectedTownscape or village viewDe Haan Concessie: uitbreiding tot hele vroegere ConcessieSource ↗ |
Flanders | 905 m² | 1 · 88 m² | 10.1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
4 people since 2026, 4 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| H.V.H BV |
|
| ISOMED BV |
|
| TRANS-IMMO INVEST BV |
|
| V.H.V. BVfrom an act |
|
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- V.H.V.
- KAPUCIJN
Highest known parent: V.H.V.. The sources do not say who stands above it.
Owners 2
- V.H.V.parent69.11%
-
26.76%
Holdings 1
-
69.16%
According to the 2025 annual accounts of KAPUCIJN 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
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded06-06-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
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Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.