ACTIVE

CAPLINE

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Financial year 2025 · closed on 31/12/2025

Net result

8,5 M €

-41.7% YoY

Revenue

37,5 k €

0.0% YoY

Equity

82,2 M €

+6.3% YoY

What does CAPLINE do?

CAPLINE is a Public limited company incorporated in 1974. Its main activity is: Activities of holding companies. Its registered office is in Saint-Josse-ten-Noode.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.259.878

Incorporation

18/04/1974

Legal form

Public limited company

Registered office

Place Charles Rogier 11
1210 Saint-Josse-ten-Noode · BruxellesSee on map

Contributed capital

4 000 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 66300Fund management activities 66300Fund management activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	37,5 k €	0.0%	37,5 k €	0.0%	37,5 k €		–		37,5 k €	0.0%	37,5 k €	+300%	9,4 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-363,6 k €	-23.2%	-295,1 k €	-11.0%	-265,8 k €	+12.1%	-302,3 k €	-14.3%	-264,5 k €	-168%	389,3 k €	+346%	-158,4 k €	+9.6%	-175,4 k €	-69.9%	-103,2 k €	-2.2%	-101 k €	-500%	25,3 k €	+127%	-91,9 k €	+1.1%	-92,8 k €	+26.3%	-126 k €	+34.8%	-193,3 k €	-62.9%	-118,7 k €	+14.5%	-138,7 k €	+10.7%	-155,3 k €
Operating result	-363,6 k €	-23.2%	-295,1 k €	-11.0%	-265,8 k €	+12.1%	-302,3 k €	-14.3%	-264,5 k €	-168%	389,3 k €	+346%	-158,4 k €	+9.6%	-175,4 k €	-69.9%	-103,2 k €	-2.2%	-101 k €	-500%	25,3 k €	+127%	-91,9 k €	+1.1%	-92,8 k €	+26.3%	-126 k €	+34.8%	-193,3 k €	-62.9%	-118,7 k €	+14.5%	-138,7 k €	+10.7%	-155,3 k €
Net result	8,5 M €	-41.7%	14,6 M €	+86.7%	7,8 M €	-71.1%	27,1 M €	+140%	11,3 M €	+96.2%	5,7 M €	+51.7%	3,8 M €	-2.7%	3,9 M €	-26.2%	5,3 M €	+28.3%	4,1 M €	-12.7%	4,7 M €	-26.8%	6,4 M €	+57.5%	4,1 M €	-55.4%	9,2 M €	+115%	-60,8 M €	-1837%	3,5 M €	-49.9%	7 M €	+1295%	-585,1 k €
Balance sheet
Equity	82,2 M €	+6.3%	77,4 M €	+16.7%	66,3 M €	+13.4%	58,5 M €	+68.3%	34,8 M €	+30.0%	26,7 M €	+11.6%	23,9 M €	+5.0%	22,8 M €	+6.1%	21,5 M €	+14.8%	18,7 M €	+12.7%	16,6 M €	+19.5%	13,9 M €	+47.0%	9,4 M €	+28.3%	7,4 M €	+3775%	190 k €	-99.7%	61 M €	+3.6%	58,9 M €	+10.7%	53,1 M €
Total assets	118,4 M €	+4.5%	113,3 M €	+14.8%	98,7 M €	-0.7%	99,3 M €	+31.5%	75,6 M €	-2.4%	77,5 M €	+3.9%	74,5 M €	+27.9%	58,3 M €	+2.1%	57,1 M €	+2.2%	55,8 M €	+0.2%	55,7 M €	-2.3%	57 M €	-1.8%	58 M €	+0.2%	57,9 M €	+0.1%	57,8 M €	-31.5%	84,4 M €	+3.7%	81,4 M €	+0.3%	81,1 M €
Cash	10,3 M €	+296%	2,6 M €	-41.0%	4,4 M €	-86.6%	32,9 M €	+343%	7,4 M €	+93.3%	3,8 M €	-77.1%	16,8 M €	+228%	5,1 M €	+149%	2,1 M €	+246%	595,9 k €	+816%	65,1 k €	-92.4%	851,7 k €	+134%	363,7 k €	-66.4%	1,1 M €	-43.3%	1,9 M €	+226%	585,4 k €	-77.1%	2,6 M €	+1328%	178,8 k €
Debts	3,8 M €	+6.4%	3,6 M €	+69729%	5,1 k €	-99.9%	8,4 M €	+0.4%	8,3 M €	-53.7%	18 M €	+1.5%	17,7 M €	+579%	2,6 M €	-3.3%	2,7 M €	-35.9%	4,2 M €	-32.2%	6,2 M €	-36.7%	9,8 M €	-34.2%	14,9 M €	-9.3%	16,4 M €	-1.9%	16,8 M €	-9.4%	18,5 M €	-2.2%	18,9 M €	-15.5%	22,4 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 96 ended

Active mandates

Christophe Demain

Managing director · since 10 décembre 2025 · until 21 avril 2026

Active

Philip Machiels

Director · since 10 décembre 2025 · until 16 avril 2030

Active

Niko Pinkhof

Director · since 01 janvier 2024 · until 15 avril 2031

Active

Bernadette Karcher

Chairman of the board of directors · since 01 avril 2022 · until 16 avril 2030

Active

Geert Wittock

Director · since 20 avril 2021 · until 15 avril 2031

Active

Emmanuel Michiels

Director · since 28 juin 2018 · until 16 avril 2030

Active

Ended mandates

Niko Pinkhof

Director · since 01 janvier 2024 · until 15 avril 2025

Ended

Bernadette Karcher

Chairman of the board of directors · since 01 avril 2022 · until 16 avril 2024

Ended

Geert Wittock

Director · since 20 avril 2021 · until 15 avril 2025

Ended

Michel Vanhaeren

Director · since 12 juin 2020 · until 21 avril 2026

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/04/2026	17/04/2025	16/04/2024	18/04/2023	21/04/2022	21/04/2021
General meeting	21/04/2026	15/04/2025	16/04/2024	18/04/2023	19/04/2022	20/04/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/04/2026	21/04/2026	Dutch	PDF
Full model	31/12/2024	15/04/2025	17/04/2025	Dutch	PDF
Full model	31/12/2023	16/04/2024	16/04/2024	Dutch	PDF
Abridged model	31/12/2022	18/04/2023	18/04/2023	Dutch	PDF
Abridged model	31/12/2021	19/04/2022	21/04/2022	Dutch	PDF
Abridged model	31/12/2020	20/04/2021	21/04/2021	Dutch	PDF
Abridged model	31/12/2019	21/04/2020	22/04/2020	Dutch	PDF
Abridged model	31/12/2018	16/04/2019	29/04/2019	Dutch	PDF
Full model	31/12/2017	28/06/2018	02/07/2018	Dutch	PDF
Full model	31/12/2016	13/06/2017	19/06/2017	Dutch	PDF
Full model	31/12/2015	14/06/2016	16/06/2016	Dutch	PDF
Full model	31/12/2014	09/06/2015	03/07/2015	Dutch	PDF
Full model	31/12/2013	10/06/2014	17/06/2014	Dutch	PDF
Full model	31/12/2012	11/06/2013	18/06/2013	Dutch	PDF
Full model	31/12/2011	28/06/2012	10/07/2012	Dutch	PDF
Full model	31/12/2010	27/04/2011	28/04/2011	Dutch	PDF
Full model	31/12/2009	29/04/2010	12/05/2010	Dutch	PDF
Full model	31/12/2008	29/04/2009	25/05/2009	Dutch	PDF
Full model	31/12/2007	30/04/2008	06/05/2008	Dutch	PDF
Full model	31/12/2006	25/04/2007	21/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 96 ended

Active mandates

Christophe Demain

Managing director · since 10 décembre 2025 · until 21 avril 2026

Active

Philip Machiels

Director · since 10 décembre 2025 · until 16 avril 2030

Active

Niko Pinkhof

Director · since 01 janvier 2024 · until 15 avril 2031

Active

Bernadette Karcher

Chairman of the board of directors · since 01 avril 2022 · until 16 avril 2030

Active

Geert Wittock

Director · since 20 avril 2021 · until 15 avril 2031

Active

Emmanuel Michiels

Director · since 28 juin 2018 · until 16 avril 2030

Active

Ended mandates

Niko Pinkhof

Director · since 01 janvier 2024 · until 15 avril 2025

Ended

Bernadette Karcher

Chairman of the board of directors · since 01 avril 2022 · until 16 avril 2024

Ended

Geert Wittock

Director · since 20 avril 2021 · until 15 avril 2025

Ended

Michel Vanhaeren

Director · since 12 juin 2020 · until 21 avril 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other10/09/2026
DIVERSEN
PDF
Mandates03/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2021
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

21/04/2026
nominationDeloitte Bedrijfsrevisoren BV — commissaris
01/01/2026
nominationJeroen Bogaerts — bestuurder
2025
Annual accounts 20258,5 M €↓
10/12/2025
nominationChristophe Demain — bestuurder
01/09/2025
nominationPhilip Machiels — bestuurder
15/04/2025
reconductionNiko Pinkhof — bestuurder
15/04/2025
reconductionGeert Wittock — bestuurder
2024
Annual accounts 202414,6 M €↑
28/05/2024
nominationJeroen Bogaerts — persoon belast met het dagelijks bestuur
16/04/2024
reconductionMichiels Emmanuel — bestuurder
16/04/2024
reconductionWouters Peter — bestuurder
16/04/2024
reconductionScalais Cécile — bestuurder
16/04/2024
reconductionKarcher Bernadette — bestuurder
16/04/2024
nominationNiko Pinkhof — bestuurder
2023
Annual accounts 20237,8 M €↓
18/04/2023
reconductionKPMG Bedrijfsrevisoren BV — Commissaris
2022
Annual accounts 202227,1 M €↑
19/04/2022
nominationBernadette Karcher — bestuurder
2021
Annual accounts 202111,3 M €↑
2020
Annual accounts 20205,7 M €↑
2019
Annual accounts 20193,8 M €↓
2018
Annual accounts 20183,9 M €↓
2017
Annual accounts 20175,3 M €↑
2016
Annual accounts 20164,1 M €↓
2015
Annual accounts 20154,7 M €↓
2014
Annual accounts 20146,4 M €↑
2013
Annual accounts 20134,1 M €↓
2012
Annual accounts 20129,2 M €↑
2011
Annual accounts 2011-60,8 M €↓
2010
Annual accounts 20103,5 M €↓
2009
Annual accounts 20097 M €↑
2008
Annual accounts 2008-585,1 k €
18/04/1974
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CAPLINE

Overview

What does CAPLINE do?

Trend over 18 financial years

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