ACTIVE

CAPTEL

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Financial year 2025 · closed on 31/12/2025

Net result

104,5 k €

-4.8% YoY

Gross margin

1,7 M €

+1.3% YoY

Equity

698 k €

-2.8% YoY

Workforce

23,1 ETP

-6.9% YoY

What does CAPTEL do?

CAPTEL is a Public limited company incorporated in 1997. Its main activity is: Wired telecommunications activities. Its registered office is in Liège. It employs on average 23,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.007.832

Incorporation

01/12/1997

Legal form

Public limited company

Registered office

Rue Grétry 50
4020 Liège · WallonieSee on map

Contributed capital

400 000,00 €

Latest accounts

31/12/2025

Average workforce

23,1 ETP

Activities (NACE)

61100Wired telecommunications activities· main 61200Wireless telecommunications activities 64200Activities of holding companies 82200Activities of call centres 82200Activities of call centres

Joint committees (5)

100
10201
200
201
218

Signals

ProfitableSolid equityLow 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	1,7 M €	+1.3%	1,7 M €	+1.7%	1,6 M €	+18.2%	1,4 M €	-13.2%	1,6 M €	+5.0%	1,5 M €	+5.4%	1,4 M €	-8.2%	1,6 M €	-16.4%	1,9 M €	+9.6%	1,7 M €	-10.3%	1,9 M €	-3.1%	2 M €	+16.0%	1,7 M €	+3.0%	1,6 M €	-5.8%	1,7 M €	+11.9%	1,6 M €	+15.6%	1,3 M €	+16.0%	1,2 M €	+18.7%	974,8 k €	+11.1%	877,2 k €
EBITDA	285,9 k €	+10.1%	259,6 k €	+81.1%	143,3 k €	+44.9%	98,9 k €	-59.9%	246,9 k €	-26.1%	334,3 k €	+154%	131,5 k €	+2067%	-6,7 k €	-102%	267,9 k €	+37.7%	194,6 k €	-14.4%	227,3 k €	-29.4%	321,7 k €	+3.2%	311,7 k €	-9.3%	343,8 k €	-33.0%	513,5 k €	+46.1%	351,5 k €	-7.8%	381,4 k €	+33.0%	286,8 k €	+66.6%	172,1 k €	-18.6%	211,4 k €
Operating result	146,8 k €	-4.5%	153,6 k €	+189%	53,2 k €	+57.9%	33,7 k €	-76.9%	145,5 k €	-39.8%	241,5 k €	+650%	32,2 k €	+126%	-123,1 k €	-207%	114,7 k €	+88.0%	61 k €	-31.5%	89 k €	-35.4%	137,8 k €	+61.4%	85,4 k €	-30.1%	122,1 k €	-54.9%	270,5 k €	+154%	106,6 k €	-37.0%	169,2 k €	+42.5%	118,8 k €	+304%	29,4 k €	-67.9%	91,5 k €
Net result	104,5 k €	-4.8%	109,8 k €	+282%	28,7 k €	+6.2%	27 k €	+280%	7,1 k €	-94.9%	138,4 k €	+1496%	8,7 k €	-77.9%	39,3 k €	-34.5%	60 k €	+99.2%	30,1 k €	-49.9%	60,1 k €	-35.5%	93,2 k €	+63.9%	56,9 k €	-57.4%	133,6 k €	+47.6%	90,5 k €	+75.5%	51,6 k €	-48.7%	100,5 k €	+38.5%	72,6 k €	+159%	28 k €	-55.3%	62,6 k €
Balance sheet
Equity	698 k €	-2.8%	718,4 k €	-0.9%	725,1 k €	-11.7%	821,3 k €	-10.6%	919,2 k €	-10.0%	1 M €	-0.1%	1 M €	+0.4%	1 M €	+3.2%	987,2 k €	+5.1%	939,6 k €	+1.7%	923,4 k €	+5.0%	879,7 k €	+12.4%	782,3 k €	+3.1%	758,5 k €	+31.7%	576,1 k €	+14.6%	502,5 k €	+19.4%	420,7 k €	+23.5%	340,7 k €	+37.3%	248,1 k €	+26.9%	195,6 k €
Total assets	1,4 M €	-7.4%	1,5 M €	+7.3%	1,4 M €	-8.6%	1,6 M €	-6.9%	1,7 M €	-5.5%	1,8 M €	-1.1%	1,8 M €	-9.4%	2 M €	-35.3%	3,1 M €	+7.9%	2,8 M €	-8.8%	3,1 M €	-0.8%	3,1 M €	+1.6%	3,1 M €	-3.2%	3,2 M €	+11.4%	2,9 M €	+16.1%	2,5 M €	+34.5%	1,8 M €	+42.2%	1,3 M €	+19.7%	1,1 M €	+7.7%	1 M €
Cash	208 k €	-32.7%	308,9 k €	+12.3%	275 k €	-36.9%	436,2 k €	+7.1%	407,3 k €	-4.1%	424,7 k €	-22.3%	546,4 k €	-21.1%	692,4 k €	+305%	170,8 k €	+17.5%	145,3 k €	-34.1%	220,4 k €	+28.0%	172,3 k €	+120%	78,1 k €	-30.2%	112 k €	+238%	33,2 k €	+51.4%	21,9 k €	-24.6%	29 k €	-21.0%	36,7 k €	+109%	17,6 k €	-78.0%	79,8 k €
Debts	678,3 k €	-11.8%	769,1 k €	+17.0%	657,6 k €	-4.6%	689,5 k €	+1.4%	680,3 k €	-1.0%	686,8 k €	+4.8%	655,5 k €	-28.2%	912,6 k €	-54.8%	2 M €	+8.4%	1,9 M €	-13.6%	2,2 M €	-3.1%	2,2 M €	-0.9%	2,2 M €	-6.7%	2,4 M €	+6.3%	2,3 M €	+16.8%	1,9 M €	+40.1%	1,4 M €	+52.1%	909,1 k €	+16.2%	782 k €	+4.1%	751,2 k €
Other
Workforce	23,1 ETP	-6.9%	24,8 ETP	-6.8%	26,6 ETP	+1465%	1,7 ETP	-94.0%	28,3 ETP	+2.2%	27,7 ETP	+2.2%	27,1 ETP	-12.6%	31,0 ETP	-12.4%	35,4 ETP	+3.8%	34,1 ETP	-17.0%	41,1 ETP	+2.0%	40,3 ETP	+12.9%	35,7 ETP	+8.2%	33,0 ETP	+4.8%	31,5 ETP	-3.1%	32,5 ETP	+19.9%	27,1 ETP	+18.3%	22,9 ETP	-2.6%	23,5 ETP	+16.3%	20,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Anne Dimmers Management

Managing director · since 25 janvier 2021 · until 25 janvier 2027 · 0759.804.562

Represented by DIMMERS ANNE

Active

NOA DESIGN

Director · since 25 janvier 2021 · 0765.627.433

Represented by CÜPPER ROMAIN

Active

Christine Ruwet

Director

Active

Ended mandates

Anne Dimmers Management

Director · since 25 janvier 2021 · until 25 janvier 2027 · 0759.804.562

Represented by Anne DIMMERS

Ended

Anne Dimmers Management

Managing director · since 25 janvier 2021 · until 25 janvier 2027 · 0759.804.562

Represented by Anne DIMMERS

Ended

NOA DESIGN

Director · since 25 janvier 2021 · 0765.627.433

Represented by Romain Cüpper

Ended

Ruwet Christine

Director · since 25 janvier 2021 · until 25 janvier 2027

Ended

At this address

Other companies at this address

Company	CBE no.
Anne Dimmers Management● Active	0759.804.562
Standard-Perron Basket Club de Liège● Liquidation	0446.066.970

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	22/04/2026	23/04/2025	23/04/2024	08/05/2023	25/04/2022	30/04/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	31/03/2022	31/03/2021
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	27/03/2026	22/04/2026	French	PDF
Abridged model	31/12/2024	28/03/2025	23/04/2025	French	PDF
Abridged model	31/12/2023	29/03/2024	23/04/2024	French	PDF
Abridged model	31/12/2022	31/03/2023	08/05/2023	French	PDF
Abridged model	31/12/2021	31/03/2022	25/04/2022	French	PDF
Abridged model	31/12/2020	31/03/2021	30/04/2021	French	PDF
Abridged model	31/12/2019	08/09/2020	08/10/2020	French	PDF
Abridged model	31/12/2018	29/03/2019	23/05/2019	French	PDF
Abridged model	31/12/2017	30/03/2018	25/04/2018	French	PDF
Abridged model	31/12/2016	31/03/2017	11/05/2017	French	PDF
Abridged model	31/12/2015	25/03/2016	20/05/2016	French	PDF
Abridged model	31/12/2014	27/03/2015	11/05/2015	French	PDF
Abridged model	31/12/2013	28/03/2014	12/05/2014	French	PDF
Abridged model	31/12/2012	29/03/2013	24/04/2013	French	PDF
Abridged model	31/12/2011	30/03/2012	24/05/2012	French	PDF
Abridged model	31/12/2010	25/03/2011	13/05/2011	French	PDF
Abridged model	31/12/2009	16/04/2010	17/05/2010	French	PDF
Abridged model	31/12/2008	27/03/2009	28/04/2009	French	PDF
Abridged model	31/12/2007	28/03/2008	25/04/2008	French	PDF
Abridged model	31/12/2006	20/04/2007	11/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 17 ended

Active mandates

Anne Dimmers Management

Managing director · since 25 janvier 2021 · until 25 janvier 2027 · 0759.804.562

Represented by DIMMERS ANNE

Active

NOA DESIGN

Director · since 25 janvier 2021 · 0765.627.433

Represented by CÜPPER ROMAIN

Active

Christine Ruwet

Director

Active

Ended mandates

Anne Dimmers Management

Director · since 25 janvier 2021 · until 25 janvier 2027 · 0759.804.562

Represented by Anne DIMMERS

Ended

Anne Dimmers Management

Managing director · since 25 janvier 2021 · until 25 janvier 2027 · 0759.804.562

Represented by Anne DIMMERS

Ended

NOA DESIGN

Director · since 25 janvier 2021 · 0765.627.433

Represented by Romain Cüpper

Ended

Ruwet Christine

Director · since 25 janvier 2021 · until 25 janvier 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates09/02/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2020
DEMISSIONS, NOMINATIONS
PDF
Other27/06/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates01/06/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/07/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/04/2011
DEMISSIONS, NOMINATIONS
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 2025104,5 k €↓
2024
Annual accounts 2024109,8 k €↑
2023
Annual accounts 202328,7 k €↑
2022
Annual accounts 202227 k €↑
2021
Annual accounts 20217,1 k €↓
2020
Annual accounts 2020138,4 k €↑
2019
Annual accounts 20198,7 k €↓
2018
Annual accounts 201839,3 k €↓
2017
Annual accounts 201760 k €↑
2016
Annual accounts 201630,1 k €↓
2015
Annual accounts 201560,1 k €↓
2014
Annual accounts 201493,2 k €↑
2013
Annual accounts 201356,9 k €↓
2012
Annual accounts 2012133,6 k €↑
2011
Annual accounts 201190,5 k €↑
2010
Annual accounts 201051,6 k €↓
2009
Annual accounts 2009100,5 k €↑
2008
Annual accounts 200872,6 k €↑
2007
Annual accounts 200728 k €↓
2006
Annual accounts 200662,6 k €
01/12/1997
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

CAPTEL

Overview

What does CAPTEL 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