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CAPITOLE

Active
Public limited companyfounded 1995active for 31 yearsKorte Keppestraat 23, 9320 Aalst, BelgiumKBO/BCE: BE 0455.158.048
Summary

The annual accounts of CAPITOLE for financial year 2025 show a net loss of 51% of total assets and of 101% of the equity at the start of that year. The 2025 annual accounts show equity of €290,418 and a net result of -€391,545. Equity is shrinking by about 4% per year across the filed financial years. Its solvency ranks better than 56% of 1,078 sector peers (NACE 93, financial year 2025). The company has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Activity
Sports, amusement and recreation activities
NACE 93293Gambling and betting activities NACE 92000
#3 employer in Aalst, Arts, sports and recreation sector2 sites
Size
€763,821total assets 2025
Staff
10.7 FTE
Equity
€290,418
Loss
-€391,545
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Structure
Parent
NAPOLEON GAMES · 100%
Holdings
1
  • Pivanto BVDirector · permanent representative Philippe Joos
  • Odds & Overlay BVDirector · permanent representative Tom De Clercq
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’EntreprisesAccounts 53 days early
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €391,545, the second in a row (financial year 2025)1 change of registered office in 24 monthsSize: 10.7 FTE, total assets €763,821lowers riskLiquidity: current ratio 0.28, cash €128,333Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 26% of its sector peers (NACE 93, small)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 63-13
equity 38.0% of total assets
Liquidity 39-15
short-term debt 62.0% · cash 16.8%
Profitability 0-26
return on assets -51.3%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (421 companies, NACE 93, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025lowest value 07-2025: 0.8%▲ +0.6 percentage points vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.7%▼ -0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 1.4%▲ +0.7 percentage points vs 06-2026highest value 08-2026: 1.4%● unchanged vs 07-2026highest value 09-2026: 1.4%● unchanged vs 08-2026highest value 10-2026: 1.4%● unchanged vs 09-2026highest value
Credit of up to €15,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.28, compared with 0.51 in 2024; short-term debt: 62% and cash: 16.8% of total assets), and 62% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, small): better than 61% on solvency, 25% on liquidity, 4% on profitability and 16% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Loss of €391,545, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 0.28, cash €128,333
NBB · annual accounts
raises risk · Size: 10.7 FTE, total assets €763,821
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€391,545
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 days early
2024
55 days early
2023
54 days early
2022
52 days early
2021
32 days early
2020
43 days early
2019
43 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 47 days before the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Weakest financial yearnet -€391,545
  3. Capital & sharesCapital increase · Bank account…

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2025 -€391,545 View
  • Caution: Result fell in 2025from -€105,797 to -€391,545 ▼ 270% View
  • Caution: Among the weakest 5% on net resultsector median €11,215 · 1,079 companies -€391,545 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by NAPOLEON GAMESultimately: SB Lux TopCo S.à.r.l. 100% View

By topic

Financials

Financial year
2025
Total assets
€763,821
Loss
-€391,545
Solvency
38.0%
Turnover▼ 35.2%
Net result
20182020
Go to Financials

Board & ownership

Board
2 members
Parent
NAPOLEON GAMES · 100%
Auditor
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
  • Pivanto BVDirector
  • Odds & Overlay BVDirector
Go to Board & ownership

Network & group

Group
SB Lux TopCo S.à.r.l.
Holdings
1
Connected companies
26
Mergers and contributions
2

1 holding

Go to Network & group

Timeline

Events
62
Since
1997
Next accounts
by 31-07-2027
  1. 12-11-2025Resignations: Eamonn O'Loughlin (director) and KPMG Bedrijfsrevisoren…
  2. 11-06-2025Appointment: KPMG bedrijfsrevisoren (statutory auditor)
  3. 11-06-2025Appointment: Pivanto BV (afgevaardigde tot het dagelijks…
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Sports, amusement and recreation activitiesNACE 93293
Founded
02-05-1995
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
De exploitatie van een lunapark... Tevens zal de vennootschap de exploitatie van een…
Go to Articles of association

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