CAPAVAN
ActiveSummary
CAPAVAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.01M and a net result of €19k. Equity is growing by ~4.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-2
Solvency100=
Growth44=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 5.49 against 5.68 in 2024; short-term debt: 8.8% and cash: 0.1% of total assets), and 9% 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+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
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
91%
Return on assets
1.7%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
58 d early
2023
56 d early
2022
46 d early
2021
33 d early
2020
15 d early
2019
15 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€131k▲ 0.6%
2022 · €130k
2018: €144khighest in 6 years
2019: €129k▼ -10.3% vs 2018lowest in 6 years
2020: €129k● 0.0% vs 2019lowest in 6 years
2021: €129k▲ +0.1% vs 2020
2022: €130k▲ +0.5% vs 2021
2023: €131k▲ +0.6% vs 2022
2018 → 2023
EBIT margin
24.6%▼ 7.0pp
2022 · 31.6%
2018: 32.4%
2019: 45.5%▲ +40.4% vs 2018highest in 6 years
2020: 33.8%▼ -25.9% vs 2019
2021: 33.3%▼ -1.4% vs 2020
2022: 31.6%▼ -5.0% vs 2021
2023: 24.6%▼ -22.3% vs 2022lowest in 6 years
2018 → 2023
Net result
€19k▼ 34.0%
2024 · €29k
2018: €45k
2019: €57k▲ +27.1% vs 2018highest in 8 years
2020: €42k▼ -26.7% vs 2019
2021: €41k▼ -1.4% vs 2020
2022: €39k▼ -4.8% vs 2021
2023: €30k▼ -22.8% vs 2022
2024: €29k▼ -4.8% vs 2023
2025: €19k▼ -34.0% vs 2024lowest in 8 years
2018 → 2025
Working capital
€438k▲ 4.7%
2024 · €419k
2018: €179klowest in 8 years
2019: €236k▲ +32.0% vs 2018
2020: €278k▲ +17.8% vs 2019
2021: €321k▲ +15.3% vs 2020
2022: €359k▲ +12.0% vs 2021
2023: €390k▲ +8.5% vs 2022
2024: €419k▲ +7.4% vs 2023
2025: €438k▲ +4.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€129k-€130k▲ 0.5%€131k▲ 0.6%
2021: €129klowest in 3 years
2022: €130k▲ +0.5% vs 2021
2023: €131k▲ +0.6% vs 2022highest in 3 years
Equity€892k-€932k▲ 4.4%€962k▲ 3.3%€991k▲ 3.0%€1.01M▲ 1.9%
2021: €892klowest in 5 years
2022: €932k▲ +4.4% vs 2021
2023: €962k▲ +3.3% vs 2022
2024: €991k▲ +3.0% vs 2023
2025: €1.01M▲ +1.9% vs 2024highest in 5 years
Operating result€43k-€41k▼ 4.6%€32k▼ 21.8%€32k▼ 1.8%€28k▼ 11.6%
2021: €43khighest in 5 years
2022: €41k▼ -4.6% vs 2021
2023: €32k▼ -21.8% vs 2022
2024: €32k▼ -1.8% vs 2023
2025: €28k▼ -11.6% vs 2024lowest in 5 years
Net result€41k-€39k▼ 4.8%€30k▼ 22.8%€29k▼ 4.8%€19k▼ 34.0%
2021: €41khighest in 5 years
2022: €39k▼ -4.8% vs 2021
2023: €30k▼ -22.8% vs 2022
2024: €29k▼ -4.8% vs 2023
2025: €19k▼ -34.0% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 12% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€574k =
Current assets
€536k ▲ 5.4%
Equity and liabilities €1.11M
Equity
€1.01M ▲ 1.9%
Debt
€99k ▲ 9.3%
Debt's share of the balance-sheet total rises from 8.4% to 9.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
5.49▼
2024 · 5.68
Debt to equity
0.10▲
2024 · 0.09
ROE
1.9%▼
2024 · 2.9%
ROA
1.7%▼
2024 · 2.7%
Debt ≤ 1 year
€97k▲
2024 · €89k
Income taxes
€7k▲
2024 · €850
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.11M▲
Fixed assets21/28€574k€574k=
Tangible fixed assets22/27€574k€574k=
Land and buildings22€574k€574k=
Current assets29/58€508k€536k▲
Amounts receivable within one year40/41€489k€535k▲
Other amounts receivable41€489k€535k▲
Cash at bank and in hand54/58€18k€651▼
Deferred charges and accrued income490/1€563€36▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.11M▲
Equity10/15€991k€1.01M▲
Contributions10/11€496k€496k=
Capital10€496k€496k=
Issued capital100€496k€496k=
Reserves13€62k€514k▲
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Tax-exempt reserves132€13k€13k=
Distributable reserves133-€452k
Profit (loss) carried forward14€433k€0▼
Amounts payable17/49€91k€99k▲
Amounts payable within one year42/48€89k€97k▲
Trade debts44€898€940▲
Suppliers440/4€898€940▲
Taxes, remuneration and social security45€850€8k▲
Taxes450/3€850€8k▲
Other amounts payable47/48€88k€89k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Other operating charges640/8€95k€98k▲
Gross operating margin9900€126k€126k▼
Operating profit (loss)9901€32k€28k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€30k€26k▼
Income taxes67/77€850€7k▲
Profit (loss) for the period9904€29k€19k▼
Profit (loss) for the period to be appropriated9905€29k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€433k€452k▲
Profit (loss) brought forward from the previous period14P€404k€433k▲
Transfer to equity691/2€0€452k▲
To the legal reserve6920€0€0▼
To other reserves6921-€452k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €129k | €130k | €131k | - | - | - |
| Turnover70 | €129k | €130k | €131k | - | - | - |
| Operating charges60/66A | €86k | €89k | €99k | - | - | - |
| Services and other goods61 | €4k | €5k | €7k | - | - | - |
| Other operating charges640/8 | €82k | €84k | €91k | €95k | €98k | ▲ 3.0% |
| Gross operating margin9900 | - | - | - | €126k | €126k | ▼ 0.6% |
| Operating profit (loss)9901 | €43k | €41k | €32k | €32k | €28k | ▼ 11.6% |
| Financial charges65/66B | €2k | €2k | €2k | €2k | €2k | ▲ 2.8% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €2k | ▲ 2.8% |
| Debt charges650 | €1k | €1k | €2k | - | - | - |
| Other financial charges652/9 | €143 | €150 | €151 | - | - | - |
| Profit (loss) for the period before taxes9903 | €41k | €39k | €30k | €30k | €26k | ▼ 12.5% |
| Income taxes67/77 | - | - | - | €850 | €7k | ▲ 724% |
| Profit (loss) for the period9904 | €41k | €39k | €30k | €29k | €19k | ▼ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €41k | €39k | €30k | €29k | €19k | ▼ 34.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €980k | €1.02M | €1.05M | €1.08M | €1.11M | ▲ 2.6% |
| Fixed assets21/28 | €574k | €574k | €574k | €574k | €574k | = |
| Tangible fixed assets22/27 | €574k | €574k | €574k | €574k | €574k | = |
| Land and buildings22 | €574k | €574k | €574k | €574k | €574k | = |
| Current assets29/58 | €406k | €445k | €477k | €508k | €536k | ▲ 5.4% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €388k | €430k | €462k | €489k | €535k | ▲ 9.4% |
| Other amounts receivable41 | €388k | €430k | €462k | €489k | €535k | ▲ 9.4% |
| Cash at bank and in hand54/58 | €17k | €15k | €14k | €18k | €651 | ▼ 96.5% |
| Deferred charges and accrued income490/1 | €576 | €624 | €678 | €563 | €36 | ▼ 93.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €980k | €1.02M | €1.05M | €1.08M | €1.11M | ▲ 2.6% |
| Equity10/15 | €892k | €932k | €962k | €991k | €1.01M | ▲ 1.9% |
| Contributions10/11 | €496k | €496k | €496k | €496k | €496k | = |
| Capital10 | €496k | €496k | €496k | €496k | €496k | = |
| Issued capital100 | €496k | €496k | €496k | €496k | €496k | = |
| Reserves13 | €62k | €62k | €62k | €62k | €514k | ▲ 726% |
| Non-distributable reserves130/1 | €50k | €50k | €50k | €50k | €50k | = |
| Legal reserve130 | €50k | €50k | €50k | €50k | €50k | = |
| Tax-exempt reserves132 | €13k | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | - | - | - | - | €452k | - |
| Profit (loss) carried forward14 | €334k | €374k | €404k | €433k | €0 | ▼ 100% |
| Amounts payable17/49 | €88k | €88k | €89k | €91k | €99k | ▲ 9.3% |
| Amounts payable within one year42/48 | €85k | €86k | €87k | €89k | €97k | ▲ 9.1% |
| Trade debts44 | €750 | €823 | €867 | €898 | €940 | ▲ 4.7% |
| Suppliers440/4 | €750 | €823 | €867 | €898 | €940 | ▲ 4.7% |
| Taxes, remuneration and social security45 | - | - | - | €850 | €8k | ▲ 824% |
| Taxes450/3 | - | - | - | €850 | €8k | ▲ 824% |
| Other amounts payable47/48 | €84k | €86k | €87k | €88k | €89k | ▲ 1.2% |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €2k | €2k | ▲ 21.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €39k | €30k | €29k | €19k | ▼ 34.0% |
| Operating cash flow (approximation) | €41k | €39k | €30k | €29k | €19k | ▼ 34.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-2k | €-495 | €4k | €-18k | ▼ 539% |
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
10-09
State Gazette act
Reappointments: Rogge Rita, Vanlerberghe Carlos and Vanlerberghe JoachimAppointment: Vanlerberghe Joachim (chair of the board)7 facts ▸
State Gazette act
Reappointments: Rogge Rita, Vanlerberghe Carlos and Vanlerberghe Joachim
Appointment: Vanlerberghe Joachim (chair of the board)7 facts ▸
- General meeting, 30-06-2026
- Director reappointment, Rogge Rita (director)
- Director reappointment, Vanlerberghe Carlos (director)
- Director reappointment, Vanlerberghe Joachim (director)
- Board meeting, 30-06-2026
- Director appointment, Vanlerberghe Joachim (chair of the board)
- Director reappointment, Vanlerberghe Joachim (managing director)
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €19k ▼34%
Net result drops to €19k, the lowest in the series.
31-12
Financial
Equity above €1MEq €1.01M ▲1.9%
8 profitable years in a row build equity to €1.01M.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €57k ▲27.1%
Operating result €59k, net result €57k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 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 (26114172). 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.
Carlos Vanlerberghe
CurrentDirector · since 30-06-2026
Joachim Vanlerberghe
CurrentDirector · since 30-06-2026
Rita Rogge
CurrentDirector · since 30-06-2026
30-06-2026
Carlos Vanlerberghe: Mandate renewed as Director
30-06-2026
Joachim Vanlerberghe: Mandate renewed as Director
30-06-2026
Joachim Vanlerberghe: Mandate renewed as Managing director
30-06-2026
Joachim Vanlerberghe: Appointed as Chair of the board
30-06-2026
Rita Rogge: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
4 of this company's 5 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, Harelbeke
Ground area
204 m²
Building footprint
136 m²
Volume, LiDAR
948 m³
Parcel 34017C0175/00S000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017C0175/00S000 | Flanders | 204 m² | 1 · 136 m² | 10.0 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.
Articles of association
Who signs
“• De heer Vanlerberghe Joachim, wonende te Kuurnsestraat 18, 8531 Harelbeke (Hulste), tot gedelegeerd bestuurder. Algemene vertegenwoordigingsbevoegdheid In overeenstemming met de statuten wordt de vennootschap in en buiten rechte vertegenwoordigd door de meerderheid van de leden van de raad van…”
Full text
• De heer Vanlerberghe Joachim, wonende te Kuurnsestraat 18, 8531 Harelbeke (Hulste), tot gedelegeerd bestuurder. Algemene vertegenwoordigingsbevoegdheid In overeenstemming met de statuten wordt de vennootschap in en buiten rechte vertegenwoordigd door de meerderheid van de leden van de raad van bestuur, evenals door twee bestuurders, samen optredend, hetzij door een gedelegeerd bestuurder, afzonderlijk optredend. Dagelijks bestuur Voor daden van dagelijks bestuur wordt de vennootschap geldig vertegenwoordigd door de gedelegeerd bestuurder, afzonderlijk optredend.
Structure & network
Connections & network
1 connected companyLinked via shared directors
via Carlos Vanlerberghe · Director
former→
Identification & contact
Identification
Legal formPublic limited company
Founded27-12-1990
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.