ACTIVE

Capaul

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Financial year 2025 · Closed on 30/06/2025

Net result1,9 M €+87,8 %over 1 year

Revenue18,1 M €+23,5 %over 1 year

Equity9,8 M €+35,7 %over 1 year

Workforce94,9 ETP+14,3 %over 1 year

Identity

Source · BCE/KBO

Capaul is a Public limited company incorporated in 1973. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Eupen. It employs on average 94,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0413.664.814
Incorporation: 01/06/1973
Legal form: Public limited company
Registered office: Industriestrasse 39
4700 Eupen · WallonieSee on map
Contributed capital: 1 500 000,00 €
Latest accounts: 30/06/2025
Average workforce: 94,9 ETP

Activities (NACE)

25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 25620Machining 25639Treatment and coating of metals; machining 25739Manufacture of tools 28520Manufacture of machinery and equipment n.e.c.28620Manufacture of machinery and equipment n.e.c.

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	18,1 M €	+23.5%	14,7 M €	+29.7%	11,3 M €	+14.3%	9,9 M €	+44.1%	6,9 M €
EBITDA	3,7 M €	+72.9%	2,1 M €	+34.4%	1,6 M €	+117%	734,4 k €	+1110%	-72,7 k €
Operating result	2,4 M €	+105%	1,2 M €	+45.2%	811 k €	+7575%	10,6 k €	+101%	-1,4 M €
Net result	1,9 M €	+87.8%	996,3 k €	+18.3%	842,3 k €	+793%	94,3 k €	+109%	-1 M €
Balance sheet
Equity	9,8 M €	+35.7%	7,2 M €	+14.4%	6,3 M €	+13.6%	5,6 M €	-0.7%	5,6 M €
Total assets	18,2 M €	+11.0%	16,4 M €	+14.1%	14,3 M €	+19.7%	12 M €	-1.2%	12,1 M €
Cash	720,4 k €	-52.9%	1,5 M €	+148%	617,9 k €	-72.2%	2,2 M €	-16.7%	2,7 M €
Debts	8,3 M €	-8.5%	9,1 M €	+13.9%	8 M €	+25.0%	6,4 M €	-1.3%	6,5 M €
Other
Workforce	94,9 ETP	+14.3%	83,0 ETP	+14.8%	72,3 ETP	-0.3%	72,5 ETP	-8.1%	78,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

5 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HENTOM0713.956.127Represented by Tom Henkes	Director20/03/2019 → 26/12/2031
F. FANK & Co0457.860.982Represented by Felix Fank	Director14/01/2025 → 26/12/2031
BELLERIVE & CO MANAGEMENT0747.899.395Represented by Philippe Felten	Director09/10/2023 → 28/12/2029
Dr. Christian Wenzel	Director25/01/2022 → 29/12/2028
HENKES & CO0461.611.914Represented by Ludwig Henkes	Chairman of the board of directors04/12/2009 → 31/12/2027Managing director10/10/1997 → 2010 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Adoretho KommG0895.109.169Represented by Walter Miessen	Director29/12/2023 → 2024 accounts
Allaer gestion0843.315.030Represented by Didier Allaer	Director07/12/2018 → 2021 accounts

Other companies at this address

Industriestrasse 39 4700 Eupen

Company	CBE no.
HENKES & CO● Active	0461.611.914

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/01/2026	20/01/2025	24/01/2024	30/01/2023	08/12/2021	23/09/2021
General meeting	26/12/2025	27/12/2024	29/12/2023	30/12/2022	03/12/2021	04/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	26/12/2025	15/01/2026	German	PDF
Full model	30/06/2024	27/12/2024	20/01/2025	German	PDF
Full model	30/06/2023	29/12/2023	24/01/2024	German	PDF
Full model	30/06/2022	30/12/2022	30/01/2023	German	PDF
Full model	30/06/2021	03/12/2021	08/12/2021	German	PDF
Full modelCorrection	30/06/2020	04/12/2020	23/09/2021	German	PDF
Full model	30/06/2020	04/12/2020	09/12/2020	German	PDF
Full model	30/06/2019	06/12/2019	20/12/2019	German	PDF
Full model	30/06/2018	07/12/2018	20/12/2018	German	PDF
Full model	30/06/2017	01/12/2017	19/12/2017	German	PDF
Full model	30/06/2016	02/12/2016	14/12/2016	German	PDF
Full model	30/06/2015	04/12/2015	09/12/2015	German	PDF
Full model	30/06/2014	05/12/2014	30/01/2015	German	PDF
Full model	30/06/2013	06/12/2013	30/01/2014	German	PDF
Full model	30/06/2012	07/12/2012	31/01/2013	German	PDF
Full model	30/06/2011	02/12/2011	15/12/2011	German	PDF
Full model	30/06/2010	03/12/2010	22/12/2010	German	PDF
Full model	30/06/2009	04/12/2009	08/12/2009	German	PDF
Full model	30/06/2008	05/12/2008	18/12/2008	German	PDF
Full model	30/06/2007	07/12/2007	18/12/2007	German	PDF
Full model	30/06/2006	01/12/2006	04/01/2007	German	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/06/2025

5 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HENTOM0713.956.127Represented by Tom Henkes	Director20/03/2019 → 26/12/2031
F. FANK & Co0457.860.982Represented by Felix Fank	Director14/01/2025 → 26/12/2031
BELLERIVE & CO MANAGEMENT0747.899.395Represented by Philippe Felten	Director09/10/2023 → 28/12/2029
Dr. Christian Wenzel	Director25/01/2022 → 29/12/2028
HENKES & CO0461.611.914Represented by Ludwig Henkes	Chairman of the board of directors04/12/2009 → 31/12/2027Managing director10/10/1997 → 2010 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Adoretho KommG0895.109.169Represented by Walter Miessen	Director29/12/2023 → 2024 accounts
Allaer gestion0843.315.030Represented by Didier Allaer	Director07/12/2018 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/09/2025
ENTLASSUNG - ERNENNUNG - VERSCHIEDENES
PDF
Mandates19/03/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates06/03/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates26/09/2024
ENTLASSUNG - ERNENNUNG
PDF
Mandates06/11/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates30/03/2023
ENTLASSUNG - ERNENNUNG
PDF
Other07/10/2022
GENERALVERSAMMLUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates09/03/2022
ENTLASSUNG - ERNENNUNG
PDF

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

HENTOM

F. FANK & Co

BELLERIVE & CO MANAGEMENT

Dr. Christian Wenzel

HENKES & CO

Adoretho KommG

Allaer gestion

Daniel Renson

Ludwig HENKES

19731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

Capaul

Industriestrasse 39, 4700 Eupen

Director

Chairman of the board of directorsManaging director

Director

Chairman of the board of directorsDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industriestrasse 39, 4700 EupenCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00007964

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CapaulCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00007964

Events

2025
Annual accounts 20251,9 M €↑
2024
Annual accounts 2024996,3 k €↑
2023
Annual accounts 2023842,3 k €↑
2022
Annual accounts 202294,3 k €↑
2021
Annual accounts 2021-1 M €↓
2020
Annual accounts 20202,4 M €↑
2019
Annual accounts 2019206,5 k €↓
2018
Annual accounts 2018245,4 k €↓
2017
Annual accounts 2017374,7 k €↑
2016
Annual accounts 2016341,5 k €↓
2015
Annual accounts 2015557 k €↑
2014
Annual accounts 2014547,7 k €↑
2013
Annual accounts 2013230,1 k €↓
2012
Annual accounts 2012365,8 k €↓
2011
Annual accounts 2011470,4 k €↑
2010
Annual accounts 2010243,2 k €↓
2009
Annual accounts 2009597,3 k €↓
2008
Annual accounts 20081,1 M €↓
2007
Annual accounts 20071,3 M €
01/06/1973
IncorporationPublic limited company

Capaul

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events