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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of CAPITOLE is 0.3% (very low). The 2023 annual accounts show equity of €493k and a net result of €-48k. Equity is growing by ~17.3% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Trust signals
2 signalsLong-established
Founded in 1995, 31 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.3%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Annual accounts: weaker financial profile
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-48k+62.1%
Working capital€-119k+73.1%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~17.3%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€87k
-
-17% vs sector
€-48k
+62.1%
far below sector median
€69k
-
-24% vs sector
€1.18M
+37.8%
+269% vs sector
€493k
+105.0%
+169% vs sector
€-119k
+73.1%
far below sector median
9
-4.3%
+9% vs sector
€417k
+6.2%
far above sector median
€3k
-
-79% vs sector
€687k
+11.6%
+217% vs sector
€687k
+12.8%
+287% vs sector
0.83
+201.4%
-12% vs sector
0.83
+201.4%
-6% vs sector
41.8%
+48.7%
+30% vs sector
1.39
-45.6%
-34% vs sector
-9.7%
+81.5%
far below sector median
-4.0%
+72.5%
far below sector median
4.39
-
-77% vs sector
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €87k |
| Net profit | €-48k |
| Cash flow | €69k |
| Staff costs | €417k |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.18M |
| Equity | €493k |
| Debt | €687k |
| of which ≤ 1y | €687k |
| of which > 1y | - |
| Working capital | €-119k |
| Employees (FTE) | 8.8 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.83 |
| Quick ratio | 0.83 |
| Working capital ratio | -10.1% |
| Solvency | 41.8% |
| Debt / equity | 1.39 |
| Long-term debt ratio | - |
| Interest coverage | 4.39 |
| Gross margin | - |
| Net margin | - |
| ROA | -4.0% |
| ROE | -9.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.18M |
| Fixed assets | 21/28 | €612k |
| Tangible fixed assets | 22/27 | €445k |
| Financial fixed assets | 28 | €166k |
| Current assets | 29/58 | €568k |
| Amounts receivable within one year | 40/41 | €290k |
| Cash & bank | 54/58 | €265k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.18M |
| Equity | 10/15 | €493k |
| Contributions / capital | 10/11 | €1.06M |
| Reserves | 13 | €58k |
| Accumulated profits (losses) | 14 | €-620k |
| Amounts payable | 17/49 | €687k |
| Amounts payable within one year | 42/48 | €687k |
| Trade debts payable within one year | 44 | €576k |
| Income statement | ||
| Gross operating margin | 9900 | €1.24M |
| Operating result | 9901 | €-29k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €20k |
| Result before taxes | 9903 | €-48k |
| Net result for the period | 9904 | €-48k |
| Result to be appropriated | 9905 | €-48k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2023 · computed49
/ 100
Fair
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
8 directorsCurrent directors & mandates
-
PIVANTOLegal entityManaging director· perm. rep.: Philippe JoosState Gazette act 25073297 (11-06-2025)Current01-02-2025 → present
-
Pivanto BVLegal entityDirector· perm. rep.: Philippe JoosState Gazette act 24160603 (12-11-2024)Current02-09-2024 → present
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
ODDS & OVERLAYLegal entityDirector· perm. rep.: Tom De ClercqState Gazette act 17050851 (10-04-2017)Not recently confirmedlast confirmed in an act from 2017
2 events
- 28-03-2017 Appointed· Director
- 02-09-2015 Appointed· Managing director
Former directors (5)
-
Former10-11-2022 → 01-09-2025
2 events
- 01-09-2025 Resigned· Director
- 10-11-2022 Appointed· Director
-
Former19-12-2019 → 10-11-2022
2 events
- 10-11-2022 Resigned· Director
- 19-12-2019 Appointed· Director
-
Former30-03-2016 → 19-12-2019
2 events
- 19-12-2019 Resigned· Director
- 30-03-2016 Appointed· Director
-
Former18-06-2013 → 19-12-2019
3 events
- 19-12-2019 Resigned· Director
- 28-08-2019 Mandate renewed· Director
- 18-06-2013 Mandate renewed· Director
-
Former18-06-2013 → 15-02-2016
4 events
- 15-02-2016 Resigned· Director
- 02-09-2015 Resigned· Managing director
- 18-06-2013 Mandate renewed· Director
- 18-06-2013 Mandate renewed· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
3 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Deloitte Bedrijfsrevisoren/Réviseurs d’EntreprisesCurrent Statutory auditor · represented by Ken Vanderstraeten |
- | 01-01-2025 → present |
| KPMG Réviseurs d'EntreprisesCurrent Statutory auditor · represented by Steven Veyt |
- | 11-06-2025 → present |
| Ernst et Young Reviseurs d'Entreprises Statutory auditor · represented by Paul Eelen succeeded by Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises in 2025 |
- | 30-12-2015 → 01-01-2025 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Exploitatie van recreatiedomeinen(93293) |
| Legal form | Public limited company(014) |
| Incorporation | 02-05-1995 |
| Status | Active |
| Postal code | 9320 |
Structure & network
Connections & network
36 connected companiesGroup structure
Parent · 474 subsidiaries · 5 locations
Control→
Parent · 926 subsidiaries · 5 locations
Control→
Parent · 419 subsidiaries · 7 locations
Control→
Parent · 28 subsidiaries · 1 location
Control→
Parent · 29 subsidiaries · 1 location
Control→
Network connections
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
2 locationsNAPOLEON GAMES
since 19982.071.604.254
NAPOLEON GAMES
since 20002.071.604.551
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area1.8 ha
Buildings3
Building footprint3,122 m²
Volume (LiDAR)51,671 m³
Tallest building58.8 m · ±9 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0932/00D000 | Flanders | 1.7 ha | 1 · 2,128 m² | 58.8 m · 9 fl. |
| 38008A0090/00_000 | Flanders | 568 m² | 1 · 513 m² | - |
| 11808H1256/00H000 | Flanders | 480 m² | 1 · 480 m² | 20.3 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
27 acts Capital history · 2
03-12-2025
v3.2
27-03-2024
v3.2
All acts · 27
updated 8 months ago
2025
03-12-2025 Capital increase of €295,000 to €1,350,356.46
12-11-2025 1 director appointed, 2 resigning
- Ken Vanderstraeten, Commissaris
- Eamonn O'Loughlin, Bestuurder
- KPMG Bedrijfsrevisoren, Commissaris
Summary:
v3.2
11-06-2025 Steven Veyt appointed as statutory auditor
11-06-2025 Philippe Joos appointed as managing director
2024
12-11-2024 Philippe Joos appointed as director
27-03-2024 Capital increase of €300,000 to €1,055,356.46
2023
18-04-2023 Tom De Clercq reappointed as director
2022
14-12-2022 1 director appointed, 1 resigning
2021
26-08-2021 1 director appointed, 1 resigning
- KPMG Bedrijfsrevisoren BV/SRL, Commissaris
- EY Bedrijfsrevisoren BV, Commissaris
Summary:
v3.2
18-01-2021 Articles of association amended
Summary:
v3.2
2020
22-10-2020 Articles of association amended
Summary:
v3.2
13-02-2020 1 director appointed, 2 resigning
- Koen Sanders, Bestuurder
- Tom De Clercq, Bestuurder
- Tim de Borle, Bestuurder
Summary:
v3.2
2019
28-08-2019 Tom De Clercq reappointed as director
2018
27-08-2018 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Joni SOUTAER · DendermondeFirm:
VAN OUDENHOVE-SOUTAER, GEASSOCIEERDE NOTARISSEN
27-08-2018 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Joni Soutaer · DendermondeFirm:
VAN OUDENHOVE-SOUTAER, GEASSOCIEERDE NOTARISSEN
16-08-2018 Paul Eelen reappointed as statutory auditor
24-07-2018 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Susana González Melón · Erembodegem
15-05-2018 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
Tom De Clercq · Dendermonde
15-05-2018 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
Tom De Clercq · Gent
2017
27-12-2017 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Susana González Melón · Dendermonde
First 20 of 27 acts
Analysis
Snowflake analysis
financial profile on 5 axes52
/ 100
Mixed profile: strong on stability, weaker on profitability.
Health
49
Profitability
0
Solvency
60
Growth
52
Stability
100
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verdict per customer and amountSimilar
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | CAPITOLE |
Registered office
Korte Keppestraat 23
9320 Aalst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.