ACTIVE

CAPFLOW

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Financial year 2025 · closed on 31/12/2025

Net result

-3,5 k €

-3416.0% YoY

Gross margin

-2,8 k €

-1124.2% YoY

Equity

26,3 k €

-11.7% YoY

What does CAPFLOW do?

CAPFLOW is a Public limited company incorporated in 1995. Its main activity is: Computer programming activities. Its registered office is in Mons.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.302.567

Incorporation

25/01/1995

Legal form

Public limited company

Registered office

Boulevard Sainctelette 39
7000 Mons · WallonieSee on map

Contributed capital

522 698,85 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Joint committees (2)

Contacts

4 public details availableLog in to view

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

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
Gross margin	-2,8 k €	-1124%	273,9 €	-97.5%	10,9 k €	+125%	4,8 k €	+84.2%	2,6 k €	-37.3%	4,2 k €	-86.8%	31,7 k €	-70.1%	106,3 k €	+24.3%	85,5 k €	-18.9%	105,3 k €	-4.0%	109,8 k €	-0.6%	110,5 k €	+10.6%	99,9 k €	-17.7%	121,4 k €	+6.0%	114,5 k €	-11.9%	129,9 k €	+22.7%	105,9 k €	+95.7%	54,1 k €	-71.7%	191,3 k €	+56.2%	122,4 k €
EBITDA	-2,8 k €	-1895%	156,3 €	-81.9%	863,4 €	+26.1%	684,7 €	+5458%	12,3 €	-99.0%	1,2 k €	-96.2%	31,6 k €	+161%	12,1 k €	+86.6%	6,5 k €	-71.8%	22,9 k €	-26.3%	31,1 k €	-1.8%	31,7 k €	+2.1%	31,0 k €	-43.1%	54,6 k €	+21.2%	45,0 k €	-9.0%	49,5 k €	+146%	20,1 k €	+302%	-9,9 k €	-111%	94,1 k €	+1195%	7,3 k €
Operating result	-2,8 k €	-1895%	156,3 €	-81.9%	863,4 €	+26.1%	684,7 €	+5458%	12,3 €	-99.0%	1,2 k €	-95.7%	27,7 k €	+315%	6,7 k €	+202%	-6,5 k €	-166%	9,9 k €	-45.8%	18,3 k €	+42.9%	12,8 k €	+221%	-10,6 k €	-195%	11,1 k €	+1112%	-1,1 k €	+90.4%	-11,4 k €	+73.1%	-42,3 k €	+50.8%	-86,0 k €	-1081%	-7,3 k €	+91.6%	-86,3 k €
Net result	-3,5 k €	-3416%	105,5 €	-74.5%	414,4 €	-20.3%	519,6 €	+283%	-283,5 €	-126%	1,1 k €	-95.2%	23,2 k €	+1947%	1,1 k €	+108%	-15,1 k €	-1417%	-993,0 €	-117%	6,0 k €	+666%	-1,1 k €	+95.3%	-22,4 k €	-34.3%	-16,7 k €	+35.2%	-25,7 k €	-15.7%	-22,2 k €	+63.4%	-60,8 k €	+46.4%	-113,4 k €	-255%	-31,9 k €	+66.8%	-96,0 k €
Balance sheet
Equity	26,3 k €	-11.7%	29,8 k €	+0.4%	29,7 k €	+1.4%	29,2 k €	+1.8%	28,7 k €	-1.0%	29,0 k €	+4.0%	27,9 k €	+4.3%	26,8 k €	+4.4%	25,6 k €	-37.0%	40,7 k €	-2.4%	41,7 k €	+16.8%	35,7 k €	+45.6%	24,5 k €	-47.8%	46,9 k €	+13.0%	41,5 k €	-38.3%	67,2 k €	-7.5%	72,6 k €	-45.2%	132,5 k €	-39.7%	219,5 k €	-6.0%	233,4 k €
Total assets	47,9 k €	+39.1%	34,4 k €	+4.3%	33,0 k €	+2.5%	32,2 k €	-13.5%	37,3 k €	-3.6%	38,6 k €	-8.0%	42,0 k €	-77.6%	187,6 k €	-10.8%	210,3 k €	-1.0%	212,4 k €	-9.1%	233,6 k €	-13.0%	268,6 k €	+8.4%	247,8 k €	-24.5%	328,1 k €	-11.4%	370,1 k €	-11.0%	416,1 k €	-11.9%	472,2 k €	-10.8%	529,1 k €	-18.6%	649,6 k €	+5.7%	614,6 k €
Cash	6,6 €	+60.6%	4,1 €	-94.4%	72,8 €	+5417%	1,3 €	+560%	0,2 €	-100.0%	681,1 €	+501%	113,4 €	-99.2%	13,4 k €	+19313%	69,0 €	-98.9%	6,4 k €		–		–		886,0 €	+392%	180,0 €	+309%	44,0 €	-77.3%	194,0 €	-95.9%	4,7 k €	+736%	564,0 €	-93.7%	8,9 k €	+1581%	530,0 €
Debts	21,6 k €	+364%	4,7 k €	+39.0%	3,3 k €	+13.1%	3,0 k €	-65.2%	8,5 k €	-11.3%	9,6 k €	-31.7%	14,1 k €	-91.3%	160,9 k €	-12.9%	184,7 k €	+8.5%	170,2 k €	-11.1%	191,4 k €	-17.7%	232,6 k €	+4.5%	222,5 k €	-20.0%	278,0 k €	-14.3%	324,2 k €	-7.1%	348,9 k €	-12.4%	398,4 k €	+1.0%	394,3 k €	-8.3%	429,9 k €	+12.8%	381,0 k €
Other
Workforce	–		0,0 ETP	-100%	0,2 ETP	-33.3%	0,3 ETP	0.0%	0,3 ETP		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-28.6%	1,4 ETP	-17.6%	1,7 ETP	-15.0%	2,0 ETP	-20.0%	2,5 ETP	-19.4%	3,1 ETP	-40.4%	5,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Alain Riquier

Director · since 09 juin 2019 · until 08 juin 2025

Active

Pascal Repjuk

Managing director · since 09 juin 2019 · until 08 juin 2025

Active

Ended mandates

Christophe Lienard

Director · since 09 juin 2019 · until 08 juin 2025

Ended

Alain Riquier

Director · since 09 juin 2013 · until 08 juin 2019

Ended

Christophe Lienard

Director · since 09 juin 2013 · until 08 juin 2019

Ended

Pascal Repjuk

Managing director · since 09 juin 2013 · until 08 juin 2019

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	31/08/2026	30/09/2025	30/10/2024	28/10/2023	31/08/2022	30/08/2021
General meeting	30/08/2026	30/08/2025	30/08/2024	30/08/2023	30/08/2022	26/08/2021
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
Abridged model	31/12/2025	30/08/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	30/08/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	30/08/2024	30/10/2024	French	PDF
Abridged model	31/12/2022	30/08/2023	28/10/2023	French	PDF
Abridged model	31/12/2021	30/08/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	26/08/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	13/11/2020	French	PDF
Abridged model	31/12/2018	29/08/2019	31/10/2019	French	PDF
Abridged model	31/12/2017	30/08/2018	31/10/2018	French	PDF
Abridged model	31/12/2016	28/06/2017	25/09/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	31/08/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	18/11/2014	French	PDF
Abridged model	31/12/2012	07/09/2013	31/10/2013	French	PDF
Abridged model	31/12/2011	14/11/2012	19/11/2012	French	PDF
Abridged model	31/12/2010	25/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	26/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	06/06/2009	30/08/2009	French	PDF
Abridged model	31/12/2007	07/06/2008	01/08/2008	French	PDF
Abridged model	31/12/2006	02/06/2007	16/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 16 ended

Active mandates

Alain Riquier

Director · since 09 juin 2019 · until 08 juin 2025

Active

Pascal Repjuk

Managing director · since 09 juin 2019 · until 08 juin 2025

Active

Ended mandates

Christophe Lienard

Director · since 09 juin 2019 · until 08 juin 2025

Ended

Alain Riquier

Director · since 09 juin 2013 · until 08 juin 2019

Ended

Christophe Lienard

Director · since 09 juin 2013 · until 08 juin 2019

Ended

Pascal Repjuk

Managing director · since 09 juin 2013 · until 08 juin 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other15/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/04/2019
DEMISSIONS, NOMINATIONS
PDF
Registered office22/05/2013
SIEGE SOCIAL
PDF
Registered office23/12/2009
SIEGE SOCIAL
PDF
Capital / shares08/07/2005
CAPITAL, ACTIONS
PDF
Registered office06/11/2003
SIEGE SOCIAL
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

2025
Annual accounts 2025-3,5 k €↓
2024
Annual accounts 2024105,5 €↓
2023
Annual accounts 2023414,4 €↓
2022
Annual accounts 2022519,6 €↑
2021
Annual accounts 2021-283,5 €↓
2020
Annual accounts 20201,1 k €↓
2019
Annual accounts 201923,2 k €↑
2018
Annual accounts 20181,1 k €↑
2017
Annual accounts 2017-15,1 k €↓
2016
Annual accounts 2016-993,0 €↓
2015
Annual accounts 20156,0 k €↑
2014
Annual accounts 2014-1,1 k €↑
2013
Annual accounts 2013-22,4 k €↓
2012
Annual accounts 2012-16,7 k €↑
2011
Annual accounts 2011-25,7 k €↓
2010
Annual accounts 2010-22,2 k €↑
2009
Annual accounts 2009-60,8 k €↑
2008
Annual accounts 2008-113,4 k €↓
2007
Annual accounts 2007-31,9 k €↑
2006
Annual accounts 2006-96,0 k €
25/01/1995
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

CAPFLOW

Overview

What does CAPFLOW do?

Trend over 20 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