CAPPELLE
0433.536.253 · rovalta.com · 22/09/2026
ACTIVE
CAPPELLE
Financial year 2025 · closed on 31/12/2025
Net result
1,4 M €
-0.7% YoY
Revenue
16,3 M €
-0.6% YoY
Equity
5,7 M €
+8.4% YoY
Workforce
11,5 ETP
-2.5% YoY
Overview
What does CAPPELLE do?
CAPPELLE is a Public limited company incorporated in 1988. Its registered office is in Tielt-Winge. It employs on average 11,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0433.536.253
Incorporation
02/03/1988
Legal form
Public limited company
Registered office
Kapellekensweg 9
3391 Tielt-Winge · FlandreSee on map
3391 Tielt-Winge · FlandreSee on map
Contributed capital
198 314,82 €
Latest accounts
31/12/2025
Average workforce
11,5 ETP
Joint committees (4)
- 116
- 1160
- 207
- 2070
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 16,3 M € | -0.6% | 16,4 M € | +28.7% | 12,7 M € | – | – | – | – | – | – | – | 10,5 M € | – | 10,5 M € | +3.7% | 10,1 M € | – | – | – | – | – | – | ||||||||||||||||
| EBITDA | 2,1 M € | -8.2% | 2,3 M € | +12.9% | 2 M € | +17.8% | 1,7 M € | +13.4% | 1,5 M € | +40.8% | 1,1 M € | +24.1% | 873,3 k € | -19.8% | 1,1 M € | -8.6% | 1,2 M € | +18.4% | 1 M € | -20.7% | 1,3 M € | +16.2% | 1,1 M € | +6.3% | 1 M € | -1.7% | 1 M € | +27.8% | 817,6 k € | +21.3% | 674,1 k € | +14.4% | 589 k € | +7.1% | 550 k € | +26.5% | 434,8 k € | +25.9% | 345,5 k € |
| Operating result | 2 M € | -3.3% | 2,1 M € | +7.1% | 2 M € | +20.5% | 1,6 M € | +13.2% | 1,4 M € | +44.3% | 997,3 k € | +31.8% | 756,6 k € | -26.1% | 1 M € | -7.6% | 1,1 M € | +19.3% | 927,8 k € | -22.0% | 1,2 M € | +16.7% | 1 M € | +8.7% | 937,6 k € | -1.1% | 948 k € | +36.7% | 693,7 k € | +22.0% | 568,5 k € | +13.3% | 501,6 k € | +20.9% | 415 k € | +47.7% | 281 k € | +47.9% | 189,9 k € |
| Net result | 1,4 M € | -0.7% | 1,4 M € | -5.4% | 1,5 M € | +23.3% | 1,2 M € | +7.2% | 1,1 M € | +61.5% | 705,1 k € | +32.8% | 530,8 k € | -29.4% | 752,3 k € | +1.2% | 743 k € | +16.6% | 637,2 k € | -23.6% | 833,6 k € | +12.7% | 739,3 k € | +8.5% | 681,2 k € | +36.3% | 499,8 k € | -41.0% | 847,6 k € | +104% | 415 k € | +15.7% | 358,7 k € | +15.1% | 311,7 k € | +53.1% | 203,6 k € | +31.4% | 155 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 5,7 M € | +8.4% | 5,3 M € | -2.5% | 5,4 M € | +15.0% | 4,7 M € | +35.0% | 3,5 M € | -19.4% | 4,3 M € | +19.5% | 3,6 M € | +17.2% | 3,1 M € | +6.2% | 2,9 M € | +7.1% | 2,7 M € | -0.2% | 2,7 M € | +5.8% | 2,6 M € | 0.0% | 2,6 M € | -3.0% | 2,7 M € | +8.5% | 2,4 M € | +28.9% | 1,9 M € | +15.1% | 1,6 M € | +27.8% | 1,3 M € | +31.8% | 979 k € | +26.3% | 775,4 k € |
| Total assets | 7,2 M € | +10.7% | 6,5 M € | +8.4% | 6 M € | +9.2% | 5,5 M € | -11.0% | 6,2 M € | +23.5% | 5 M € | +18.9% | 4,2 M € | -4.4% | 4,4 M € | +3.4% | 4,3 M € | +9.1% | 3,9 M € | -0.1% | 3,9 M € | +3.9% | 3,8 M € | +13.8% | 3,3 M € | -2.9% | 3,4 M € | -9.1% | 3,8 M € | +22.0% | 3,1 M € | +31.3% | 2,3 M € | +2.8% | 2,3 M € | +28.3% | 1,8 M € | -2.8% | 1,8 M € |
| Cash | 2,6 M € | +12.4% | 2,3 M € | +14.9% | 2 M € | +42.6% | 1,4 M € | -45.3% | 2,5 M € | +36.7% | 1,9 M € | +63.0% | 1,1 M € | +18.5% | 963,4 k € | -21.1% | 1,2 M € | -0.8% | 1,2 M € | +18.2% | 1 M € | -18.5% | 1,3 M € | +46.4% | 873,4 k € | -19.2% | 1,1 M € | +32.7% | 814,5 k € | +7.8% | 755,8 k € | +1147% | 60,6 k € | -56.5% | 139,4 k € | -57.9% | 331,1 k € | +166% | 124,6 k € |
| Debts | 1,5 M € | +20.4% | 1,3 M € | +104% | 616 k € | -24.4% | 814,8 k € | -70.0% | 2,7 M € | +289% | 698,2 k € | +15.7% | 603,5 k € | -54.5% | 1,3 M € | -2.6% | 1,4 M € | +14.0% | 1,2 M € | +0.8% | 1,2 M € | -1.0% | 1,2 M € | +61.6% | 741,9 k € | -2.5% | 761,1 k € | -41.9% | 1,3 M € | +10.9% | 1,2 M € | +70.1% | 694,4 k € | -29.8% | 989 k € | +23.9% | 798,3 k € | -24.1% | 1,1 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 11,5 ETP | -2.5% | 11,8 ETP | -6.3% | 12,6 ETP | -13.1% | 14,5 ETP | -7.1% | 15,6 ETP | +2.6% | 15,2 ETP | -4.4% | 15,9 ETP | +9.7% | 14,5 ETP | -2.7% | 14,9 ETP | +8.0% | 13,8 ETP | +2.2% | 13,5 ETP | -3.6% | 14,0 ETP | 0.0% | 14,0 ETP | -2.1% | 14,3 ETP | -1.4% | 14,5 ETP | -6.5% | 15,5 ETP | -6.1% | 16,5 ETP | 0.0% | 16,5 ETP | +1.2% | 16,3 ETP | +4.5% | 15,6 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 14 ended
Active mandates
Ended mandates
Financials
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 | 28/05/2026 | 11/06/2025 | 30/07/2024 | 30/06/2023 | 14/06/2022 | 07/07/2021 |
| General meeting | 20/05/2026 | 30/05/2025 | 28/06/2024 | 10/04/2023 | 11/04/2022 | 12/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 20/05/2026 | 28/05/2026 | Dutch | |
| Full model | 31/12/2024 | 30/05/2025 | 11/06/2025 | Dutch | |
| Full model | 31/12/2023 | 28/06/2024 | 30/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 10/04/2023 | 30/06/2023 | Dutch | |
| Abridged model | 31/12/2021 | 11/04/2022 | 14/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 12/04/2021 | 07/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 30/06/2020 | 22/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 08/04/2019 | 24/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 29/06/2018 | 26/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 10/04/2017 | 27/04/2017 | Dutch | |
| Full model | 31/12/2015 | 11/04/2016 | 19/05/2016 | Dutch | |
| Abridged model | 31/12/2014 | 19/05/2015 | 02/06/2015 | Dutch | |
| Full model | 31/12/2013 | 21/05/2014 | 22/05/2014 | Dutch | |
| Full model | 31/12/2012 | 08/04/2013 | 31/05/2013 | Dutch | |
| Abridged model | 31/12/2011 | 11/05/2012 | 22/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 25/04/2011 | 04/05/2011 | Dutch | |
| Abridged model | 31/12/2009 | 12/04/2010 | 15/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 13/04/2009 | 29/05/2009 | Dutch | |
| Abridged model | 31/12/2007 | 14/04/2008 | 21/04/2008 | Dutch | |
| Abridged model | 31/12/2006 | 09/04/2007 | 26/04/2007 | Dutch |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 14 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates15/09/2026ONTSLAGEN, BENOEMINGEN
- Mandates11/05/2026ONTSLAGEN - BENOEMINGEN
- Mandates19/08/2025ONTSLAGEN - BENOEMINGEN
- Mandates28/04/2025ONTSLAGEN - BENOEMINGEN
- Mandates24/03/2023ONTSLAGEN - BENOEMINGEN
- Mandates17/02/2022ONTSLAGEN - BENOEMINGEN
- Capital / shares03/01/2022KAPITAAL - AANDELEN
- Mandates11/07/2019ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,4 M €↓
- 2024Annual accounts 20241,4 M €↓
- 2023Annual accounts 20231,5 M €↑
- 2022Annual accounts 20221,2 M €↑
- 2021Annual accounts 20211,1 M €↑
- 2020Annual accounts 2020705,1 k €↑
- 2019Annual accounts 2019530,8 k €↓
- 2018Annual accounts 2018752,3 k €↑
- 2017Annual accounts 2017743 k €↑
- 2016Annual accounts 2016637,2 k €↓
- 2015Annual accounts 2015833,6 k €↑
- 2014Annual accounts 2014739,3 k €↑
- 2013Annual accounts 2013681,2 k €↑
- 2012Annual accounts 2012499,8 k €↓
- 2011Annual accounts 2011847,6 k €↑
- 2010Annual accounts 2010415 k €↑
- 2009Annual accounts 2009358,7 k €↑
- 2008Annual accounts 2008311,7 k €↑
- 2007Annual accounts 2007203,6 k €↑
- 2006Annual accounts 2006155 k €
- 02/03/1988IncorporationPublic limited company