ACTIVE

CAPSUGEL BELGIUM

Financial year 2025 · Closed on 31/12/2025

Net result291,9 M €+366,2 %over 1 year
Revenue307,8 M €+2,2 %over 1 year
Equity369,9 M €-41,1 %over 1 year
Workforce473,8 ETP-1,8 %over 1 year

Identity

Source · BCE/KBO

CAPSUGEL BELGIUM is a Public limited company incorporated in 1961. Its registered office is in Bornem. It employs on average 473,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0400.767.772
Incorporation
01/10/1961
Legal form
Public limited company
Registered office
Rijksweg(BOR) 11
2880 Bornem · FlandreSee on map
Contributed capital
236 921 555,34 €
Latest accounts
31/12/2025
Average workforce
473,8 ETP
Joint committees (2)
  • 116
  • 207
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 33 filings

Trend over 7 financial years

20252024202320222021
Income statement
Revenue307,8 M €301,1 M €332,3 M €316,4 M €293,3 M €
EBITDA97 M €98,5 M €114 M €132,6 M €128,4 M €
Operating result70,5 M €71,3 M €89,8 M €104,3 M €103 M €
Net result291,9 M €62,6 M €53,1 M €72,5 M €174,7 M €
Balance sheet
Equity369,9 M €628 M €565,4 M €512,3 M €439,8 M €
Total assets673,9 M €1,3 Md €1,3 Md €1,3 Md €1,3 Md €
Cash8,7 M €10,3 M €5,1 M €2,2 M €5 M €
Debts299,4 M €684,5 M €767,2 M €777,8 M €810,2 M €
Other
Workforce473,8 ETP482,4 ETP480,3 ETP479,7 ETP480,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 11 ended

Active mandates

Bart Pelgrims

Managing director · since 16 juin 2025 · until 16 juin 2031

Active
Matthias Wagner

Director · since 16 juin 2025 · until 15 juin 2026

Active
Olivier Van Hoorebeke

Managing director · since 16 juin 2025 · until 16 juin 2031

Active

Ended mandates

Matthias Wagner

Director · since 08 août 2022 · until 17 juin 2024

Ended
Matthias Wagner

Director · since 08 août 2022 · until 19 mai 2025

Ended
Matthias Wagner

Director · since 08 août 2022 · until 16 juin 2025

Ended
Claude Dartiguelongue

Director · since 30 juin 2020 · until 17 juin 2024

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/07/202626/06/202510/07/202403/07/202328/10/202223/09/2022
General meeting15/06/202616/06/202517/06/202419/06/202330/09/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 33 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/06/202606/07/2026DutchPDF
Full model31/12/202416/06/202526/06/2025DutchPDF
Full model31/12/202317/06/202410/07/2024DutchPDF
Full model31/12/202219/06/202303/07/2023DutchPDF
Full model31/12/202130/09/202228/10/2022DutchPDF
Full modelCorrection31/12/202030/06/202123/09/2022DutchPDF
Full model31/12/202030/06/202107/09/2021DutchPDF
Consolidated accounts31/12/202030/06/202120/01/2022DutchPDF
Full model31/12/201930/06/202027/07/2020DutchPDF
Consolidated accounts31/12/201930/06/202030/07/2020DutchPDF
Full model31/12/201826/06/201905/07/2019DutchPDF
Consolidated accounts31/12/201817/06/201912/08/2019DutchPDF
Full model31/12/201718/06/201827/06/2018DutchPDF
Consolidated accounts31/12/201718/06/201829/08/2018DutchPDF
Full model31/12/201630/06/201724/07/2017DutchPDF
Consolidated accounts31/12/201630/06/201726/07/2017DutchPDF
Full modelCorrection31/12/201530/06/201612/10/2016DutchPDF
Full model31/12/201530/06/201613/07/2016DutchPDF
Consolidated accounts31/12/201530/06/201612/07/2016DutchPDF
Full model31/12/201415/06/201526/06/2015DutchPDF
Consolidated accounts31/12/201415/06/201501/07/2015DutchPDF
Full modelCorrection31/12/201316/06/201409/07/2014DutchPDF
Full model31/12/201316/06/201426/06/2014DutchPDF
Consolidated accounts31/12/201316/06/201426/06/2014DutchPDF

View all 33 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 11 ended

Active mandates

Bart Pelgrims

Managing director · since 16 juin 2025 · until 16 juin 2031

Active
Matthias Wagner

Director · since 16 juin 2025 · until 15 juin 2026

Active
Olivier Van Hoorebeke

Managing director · since 16 juin 2025 · until 16 juin 2031

Active

Ended mandates

Matthias Wagner

Director · since 08 août 2022 · until 17 juin 2024

Ended
Matthias Wagner

Director · since 08 août 2022 · until 19 mai 2025

Ended
Matthias Wagner

Director · since 08 août 2022 · until 16 juin 2025

Ended
Claude Dartiguelongue

Director · since 30 juin 2020 · until 17 juin 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025291,9 M €↑
  2. 16/06/2025
    reconductionBart Pelgrims — bestuurder
  3. 16/06/2025
    reconductionOlivier van Hoorebeke — bestuurder
  4. 16/06/2025
    reconductionMatthias Wagner — bestuurder
  5. 2024
    Annual accounts 202462,6 M €↑
  6. 17/06/2024
    nominationDeloitte Bedrijfsrevisoren BV — commissaris
  7. 17/06/2024
    nominationPieter-Jan Van Durme — vaste vertegenwoordiger
  8. 2023
    Annual accounts 202353,1 M €↓
  9. 12/12/2023
    nominationPeter Groenewege — persoon belast met dagelijks bestuur
  10. 12/12/2023
    nominationKaat Bracquiné — bijzondere volmachten inzake Quality
  11. 12/12/2023
    nominationBart Pelgrims — bijzondere volmachten inzake R&D
  12. 22/05/2023
    nominationGiuseppe Pacileo — bijzondere volmachthouder
  13. 22/05/2023
    nominationSophie Acke — bijzondere volmachthouder
  14. 22/05/2023
    nominationKim Harrelson — bijzondere volmachthouder
  15. 2022
    Annual accounts 202272,5 M €↓
  16. 10/10/2022
    nominationKPMG Bedrijfsrevisoren BV — commissaris
  17. 10/10/2022
    nominationKoen Vanstraelen — vaste vertegenwoordiger
  18. 08/08/2022
    nominationMatthias Wagner — bestuurder
  19. 2021
    Annual accounts 2021174,7 M €↓
  20. 2020
    Annual accounts 2020200,8 M €↑
  21. 2019
    Annual accounts 2019100,1 M €
  22. 01/10/1961
    IncorporationPublic limited company