ACTIVE

CAPPAL

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Financial year 2025 · closed on 31/12/2025

Net result

254,6 k €

+568.3% YoY

Gross margin

4,2 M €

+65.5% YoY

Equity

1,4 M €

+22.1% YoY

Workforce

55,0 ETP

+45.9% YoY

What does CAPPAL do?

CAPPAL is a Public limited company incorporated in 1995. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in La Louvière. It employs on average 55,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.082.725

Incorporation

04/05/1995

Legal form

Public limited company

Registered office

Rue Jean-Baptiste Vifquain(S-B) 16
7110 La Louvière · WallonieSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2025

Average workforce

55,0 ETP

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications 43211Electrical installation 43211Electrical installation 45215Maintenance and repair of motor vehicles 45310Wholesale trade of motor vehicle parts and accessories+3

Joint committees (2)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ 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	4,2 M €	+65.5%	2,6 M €	+32.6%	1,9 M €	+23.1%	1,6 M €	-2.9%	1,6 M €	-5.3%	1,7 M €	-8.9%	1,9 M €	-13.7%	2,2 M €	+19.1%	1,8 M €	+11.9%	1,6 M €	-1.0%	1,6 M €	+4.2%	1,6 M €	+8.6%	1,5 M €	-7.0%	1,6 M €	-9.4%	1,7 M €	+9.0%	1,6 M €	+0.1%	1,6 M €	-10.0%	1,8 M €	-8.7%	1,9 M €	+5.8%	1,8 M €
EBITDA	677,5 k €	+105%	330,2 k €	-11.1%	371,6 k €	+130%	161,8 k €	-21.3%	205,7 k €	-57.2%	480,2 k €	+48.0%	324,6 k €	-0.5%	326,1 k €	+41.3%	230,7 k €	+58.7%	145,4 k €	-10.0%	161,5 k €	+8.5%	148,9 k €	+3.7%	143,6 k €	-22.8%	185,9 k €	+29.7%	143,4 k €	-18.6%	176,2 k €	+182%	62,5 k €	-75.6%	256,3 k €	-15.7%	304 k €	+15.6%	263,1 k €
Operating result	413,9 k €	+107%	200 k €	-40.3%	334,8 k €	+157%	130,3 k €	-20.2%	163,3 k €	-61.1%	419,7 k €	+73.0%	242,6 k €	+13.4%	214 k €	+53.6%	139,3 k €	+123%	62,4 k €	-26.6%	85 k €	+11.4%	76,3 k €	+16.0%	65,8 k €	-35.1%	101,4 k €	+134%	43,3 k €	-7.4%	46,7 k €	+162%	-75,9 k €	-164%	117,7 k €	-12.9%	135,1 k €	+21.8%	110,9 k €
Net result	254,6 k €	+568%	38,1 k €	-86.2%	275,8 k €	+279%	72,7 k €	-37.5%	116,4 k €	-69.1%	377,1 k €	+100%	188,3 k €	+18.0%	159,5 k €	+62.9%	97,9 k €	+344%	22 k €	-46.3%	41,1 k €	+23.8%	33,2 k €	-20.9%	41,9 k €	-37.3%	66,9 k €	+289%	17,2 k €	+92.1%	8,9 k €	+109%	-102,3 k €	-264%	62,3 k €	-38.1%	100,5 k €	+4932%	2 k €
Balance sheet
Equity	1,4 M €	+22.1%	1,2 M €	+3.4%	1,1 M €	+32.8%	840,7 k €	+0.8%	834 k €	+6.0%	786,7 k €	+8.6%	724,6 k €	+5.6%	686,4 k €	+6.9%	642,1 k €	+2.7%	625,2 k €	+3.7%	603,2 k €	+0.6%	599,6 k €	+3.1%	581,4 k €	+0.5%	578,5 k €	+2.8%	562,6 k €	+3.2%	545,5 k €	+1.7%	536,5 k €	-16.0%	638,8 k €	+5.5%	605,3 k €	+9.5%	552,8 k €
Total assets	5,3 M €	+19.9%	4,4 M €	+98.2%	2,2 M €	+14.6%	1,9 M €	+5.1%	1,9 M €	+24.8%	1,5 M €	-6.4%	1,6 M €	-13.0%	1,8 M €	+8.0%	1,7 M €	-4.4%	1,8 M €	-1.1%	1,8 M €	+33.2%	1,3 M €	+16.9%	1,1 M €	+21.6%	942,8 k €	-9.8%	1 M €	-8.8%	1,1 M €	-11.2%	1,3 M €	+17.6%	1,1 M €	-28.1%	1,5 M €	+18.0%	1,3 M €
Cash	412,5 k €	+571%	61,5 k €	-77.7%	275,8 k €	+67.3%	164,9 k €	+33.6%	123,4 k €	+435%	23,1 k €	+4.6%	22 k €	-50.9%	44,9 k €	-65.9%	131,5 k €	-6.8%	141,1 k €	-25.2%	188,5 k €	+1068%	16,1 k €	-33.3%	24,2 k €	+23.1%	19,7 k €	+98.2%	9,9 k €	-53.5%	21,3 k €	-39.9%	35,5 k €	+125%	15,8 k €	-1.8%	16,1 k €	-36.0%	25,1 k €
Debts	3,9 M €	+19.1%	3,2 M €	+190%	1,1 M €	+0.8%	1,1 M €	+8.6%	1 M €	+46.0%	698,5 k €	-18.9%	861,3 k €	-24.3%	1,1 M €	+8.7%	1 M €	-8.2%	1,1 M €	-3.5%	1,2 M €	+59.6%	740,4 k €	+31.1%	564,9 k €	+55.1%	364,2 k €	-24.6%	482,8 k €	-19.7%	601 k €	-20.4%	755 k €	+64.5%	459,1 k €	-50.2%	922 k €	+24.4%	741,1 k €
Other
Workforce	55,0 ETP	+45.9%	37,7 ETP	+27.8%	29,5 ETP	+4.6%	28,2 ETP		–		–		–		–		–		–		36,1 ETP	+7.1%	33,7 ETP	+8.7%	31,0 ETP	-9.4%	34,2 ETP	-9.0%	37,6 ETP	+0.8%	37,3 ETP	-4.1%	38,9 ETP	0.0%	38,9 ETP	-4.9%	40,9 ETP	-1.9%	41,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 3 ended

Active mandates

Bouw Georges Tanghe

Director · since 07 avril 2023 · until 16 juin 2029 · 0405.391.605

Represented by Rita TANGHE

Active

IBECO

Managing director · since 07 avril 2023 · until 16 juin 2029 · 0874.145.687

Represented by Ivan BOSSUYT

Active

Indel Invest

Managing director · since 07 avril 2023 · until 16 juin 2029 · 0821.164.782

Represented by Stephanie VALCKE

Active

Ended mandates

CONCETTA PIGNATO

Mandate

Ended

DAVID CAPPALONGA

Mandate

Ended

GIOACCHINO CAPPALONGA

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
PROGEST IMMO● Active	0552.535.655
Terram Sud● Active	0729.642.116

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	20/07/2026	23/07/2025	30/08/2024	27/10/2023	15/09/2022	28/10/2021
General meeting	20/06/2026	21/06/2025	15/06/2024	06/04/2023	18/06/2022	19/06/2021
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	20/06/2026	20/07/2026	French	PDF
Abridged model	31/12/2024	21/06/2025	23/07/2025	French	PDF
Abridged model	31/12/2023	15/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	06/04/2023	27/10/2023	French	PDF
Micro model	31/12/2021	18/06/2022	15/09/2022	French	PDF
Micro model	31/12/2020	19/06/2021	28/10/2021	French	PDF
Micro model	31/12/2019	20/06/2020	18/08/2020	French	PDF
Micro model	31/12/2018	15/06/2019	12/09/2019	French	PDF
Micro model	31/12/2017	16/06/2018	25/09/2018	French	PDF
Micro model	31/12/2016	17/06/2017	26/09/2017	French	PDF
Abridged model	31/12/2015	18/06/2016	29/11/2016	French	PDF
Abridged model	31/12/2014	20/06/2015	26/10/2015	French	PDF
Abridged model	31/12/2013	21/06/2014	19/08/2014	French	PDF
Abridged model	31/12/2012	15/06/2013	27/09/2013	French	PDF
Abridged model	31/12/2011	16/06/2012	05/10/2012	French	PDF
Abridged model	31/12/2010	18/06/2011	03/11/2011	French	PDF
Abridged model	31/12/2009	19/06/2010	13/04/2011	French	PDF
Abridged model	31/12/2008	20/06/2009	14/06/2010	French	PDF
Abridged model	31/12/2007	21/06/2008	01/12/2008	French	PDF
Abridged model	31/12/2006	16/06/2007	16/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 3 ended

Active mandates

Bouw Georges Tanghe

Director · since 07 avril 2023 · until 16 juin 2029 · 0405.391.605

Represented by Rita TANGHE

Active

IBECO

Managing director · since 07 avril 2023 · until 16 juin 2029 · 0874.145.687

Represented by Ivan BOSSUYT

Active

Indel Invest

Managing director · since 07 avril 2023 · until 16 juin 2029 · 0821.164.782

Represented by Stephanie VALCKE

Active

Ended mandates

CONCETTA PIGNATO

Mandate

Ended

DAVID CAPPALONGA

Mandate

Ended

GIOACCHINO CAPPALONGA

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office24/01/2025
SIEGE SOCIAL
PDF
Other19/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates09/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates19/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates06/05/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates28/09/2004
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025254,6 k €↑
2024
Annual accounts 202438,1 k €↓
2023
Annual accounts 2023275,8 k €↑
2022
Annual accounts 202272,7 k €↓
2021
Annual accounts 2021116,4 k €↓
2020
Annual accounts 2020377,1 k €↑
2019
Annual accounts 2019188,3 k €↑
2018
Annual accounts 2018159,5 k €↑
2017
Annual accounts 201797,9 k €↑
2016
Annual accounts 201622 k €↓
2015
Annual accounts 201541,1 k €↑
2014
Annual accounts 201433,2 k €↓
2013
Annual accounts 201341,9 k €↓
2012
Annual accounts 201266,9 k €↑
2011
Annual accounts 201117,2 k €↑
2010
Annual accounts 20108,9 k €↑
2009
Annual accounts 2009-102,3 k €↓
2008
Annual accounts 200862,3 k €↓
2007
Annual accounts 2007100,5 k €↑
2006
Annual accounts 20062 k €
04/05/1995
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

CAPPAL

Overview

What does CAPPAL 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