ACTIVE

Kappa Data

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Financial year 2025 · closed on 31/12/2025

Net result

1 M €

-3.2% YoY

Revenue

56,5 M €

-13.5% YoY

Equity

4,3 M €

0.0% YoY

Workforce

18,8 ETP

-0.5% YoY

What does Kappa Data do?

Kappa Data is a Private limited company incorporated in 1998. Its registered office is in Nazareth-De Pinte. It employs on average 18,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.715.428

Incorporation

08/07/1998

Legal form

Private limited company

Registered office

Grote steenweg 18
9840 Nazareth-De Pinte · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

18,8 ETP

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Revenue	56,5 M €	-13.5%	65,3 M €	+40.2%	46,6 M €	-21.0%	58,9 M €	+91.7%	30,7 M €	-1.9%	31,3 M €	-0.1%	31,4 M €	+19.0%	26,4 M €	+17.9%	22,4 M €	-1.1%	22,6 M €	+32.0%	17,1 M €	+11.8%	15,3 M €	+4.5%	14,7 M €	+5.9%	13,8 M €	-28.8%	19,4 M €	+46.9%	13,2 M €	+34.8%	9,8 M €	+62.5%	6 M €	+38.6%	4,4 M €
EBITDA	1,8 M €	+17.7%	1,5 M €	+4.0%	1,5 M €	-14.2%	1,7 M €	+196%	587,2 k €	-31.9%	862,1 k €	+1.3%	851 k €	+45.8%	583,7 k €	+11.4%	524,1 k €	-35.4%	811,8 k €	+9.4%	742,3 k €	+134%	317,9 k €	-21.3%	403,9 k €	+4.8%	385,3 k €	-3.7%	400,3 k €	-9.6%	442,7 k €	+31.1%	337,7 k €	+179%	121 k €	-7.6%	131 k €
Operating result	1,7 M €	+25.5%	1,3 M €	+0.8%	1,3 M €	-11.8%	1,5 M €	+235%	448 k €	-40.3%	750,7 k €	+0.3%	748,6 k €	+44.9%	516,8 k €	+32.3%	390,7 k €	-40.4%	655,9 k €	+3.7%	632,2 k €	+191%	217,1 k €	-19.0%	268,1 k €	+37.2%	195,4 k €	+7.6%	181,7 k €	-38.5%	295,5 k €	+24.0%	238,3 k €	+504%	39,4 k €	-40.9%	66,7 k €
Net result	1 M €	-3.2%	1,1 M €	+6.6%	991,4 k €	-8.0%	1,1 M €	+164%	407,9 k €	+1.4%	402,2 k €	-19.5%	499,6 k €	+82.1%	274,3 k €	-38.8%	448,1 k €	+15.5%	388 k €	+29.1%	300,6 k €	+215%	95,3 k €	-26.0%	128,8 k €	+91.9%	67,1 k €	+170%	24,9 k €	+131%	-81,2 k €	-146%	175,9 k €	+18.8%	148,1 k €	+191%	50,9 k €
Balance sheet
Equity	4,3 M €	0.0%	4,3 M €	+14.8%	3,8 M €	+12.8%	3,4 M €	+31.4%	2,6 M €	+10.6%	2,3 M €	+11.7%	2,1 M €	+17.0%	1,8 M €	+10.3%	1,6 M €	+29.3%	1,2 M €	+23.1%	1 M €	+21.9%	825,9 k €	+13.0%	730,6 k €	+12.0%	652,1 k €	+11.5%	585 k €	+4.4%	560,1 k €	-12.7%	641,3 k €	+28.2%	500,4 k €	+42.0%	352,3 k €
Total assets	21,1 M €	-39.3%	34,8 M €	+117%	16,1 M €	+1.1%	15,9 M €	+77.5%	8,9 M €	+11.4%	8 M €	-34.1%	12,2 M €	+4.8%	11,6 M €	+67.4%	7 M €	+15.0%	6 M €	-0.9%	6,1 M €	+58.7%	3,8 M €	+6.3%	3,6 M €	-1.7%	3,7 M €	+8.7%	3,4 M €	-38.7%	5,5 M €	+28.2%	4,3 M €	+66.4%	2,6 M €	+36.4%	1,9 M €
Cash	3,5 M €	-16.1%	4,2 M €	+237%	1,2 M €	-32.0%	1,8 M €	+8.5%	1,7 M €	-27.3%	2,3 M €	+202%	769,9 k €	-46.0%	1,4 M €	+11.8%	1,3 M €	+255%	359,6 k €	+15.6%	311 k €	+171%	114,7 k €	+34.9%	85,1 k €	-60.1%	213,2 k €	-31.5%	311,1 k €	+984%	28,7 k €	-28.5%	40,2 k €	-5.6%	42,5 k €	+45.5%	29,2 k €
Debts	16,8 M €	-44.9%	30,4 M €	+148%	12,3 M €	-2.1%	12,5 M €	+95.8%	6,4 M €	+11.7%	5,7 M €	-43.5%	10,1 M €	+2.6%	9,9 M €	+84.6%	5,3 M €	+11.5%	4,8 M €	-5.9%	5,1 M €	+68.8%	3 M €	+4.7%	2,9 M €	-4.6%	3 M €	+8.2%	2,8 M €	-43.6%	5 M €	+35.4%	3,7 M €	+75.6%	2,1 M €	+35.1%	1,5 M €
Other
Workforce	18,8 ETP	-0.5%	18,9 ETP	+5.0%	18,0 ETP	-0.6%	18,1 ETP	-2.7%	18,6 ETP	-1.1%	18,8 ETP	-6.9%	20,2 ETP	-2.4%	20,7 ETP	+13.1%	18,3 ETP	+15.8%	15,8 ETP	+8.2%	14,6 ETP	+10.6%	13,2 ETP	-6.4%	14,1 ETP	-3.4%	14,6 ETP	-15.6%	17,3 ETP	-4.4%	18,1 ETP	+13.8%	15,9 ETP	+27.2%	12,5 ETP	+19.0%	10,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

ELLMAR

Director · since 22 juin 2022 · 0840.804.809

Represented by PATRICK CASTEELS

Active

INTERNATIONAL MANAGEMENT AND CONSULTING AND COACHING

Director · since 22 juin 2022 · until 18 mai 2026 · 0834.662.927

Represented by CHRIS WILLEMS

Active

Ended mandates

INTERNATIONAL MANAGEMENT AND CONSULTING AND COACHING

Director · since 22 juin 2022 · 0834.662.927

Represented by CHRIS WILLEMS

Ended

ELLMAR

Manager · since 20 décembre 2012 · 0840.804.809

Represented by PATRICK CASTEELS

Ended

ELLMAR

Director · since 20 décembre 2012 · 0840.804.809

Represented by PATRICK CASTEELS

Ended

ELLMAR

Manager · since 20 décembre 2012 · 0840.804.809

Represented by PATRICK CASTEELS

Ended

At this address

Other companies at this address

Company	CBE no.
DOK18● Active	0844.634.329
Kappa Data Group● Active	1022.476.604
Kappa Data Holding● Active	0667.661.886

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	18 months	12 months	12 months
Filing date	17/06/2026	10/07/2025	05/07/2024	03/07/2023	17/12/2021	22/12/2020
General meeting	18/05/2026	09/06/2025	11/06/2024	05/06/2023	19/11/2021	20/11/2020
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	18/05/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	09/06/2025	10/07/2025	Dutch	PDF
Full model	31/12/2023	11/06/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	05/06/2023	03/07/2023	Dutch	PDF
Full model	30/06/2021	19/11/2021	17/12/2021	Dutch	PDF
Full model	30/06/2020	20/11/2020	22/12/2020	Dutch	PDF
Full model	30/06/2019	15/11/2019	13/12/2019	Dutch	PDF
Full model	30/06/2018	16/11/2018	14/12/2018	Dutch	PDF
Full model	30/06/2017	17/11/2017	29/12/2017	Dutch	PDF
Full model	30/06/2016	18/11/2016	15/12/2016	Dutch	PDF
Full model	30/06/2015	20/11/2015	18/12/2015	Dutch	PDF
Full model	30/06/2014	30/01/2015	30/01/2015	Dutch	PDF
Full model	30/06/2013	29/11/2013	28/12/2013	Dutch	PDF
Full model	30/06/2012	20/12/2012	19/01/2013	Dutch	PDF
Full model	30/06/2011	28/12/2011	29/12/2011	Dutch	PDF
Full modelCorrection	31/12/2009	29/09/2010	08/10/2010	Dutch	PDF
Full model	31/12/2009	29/09/2010	29/09/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	02/07/2007	Dutch	PDF

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.

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 · 13 ended

Active mandates

ELLMAR

Director · since 22 juin 2022 · 0840.804.809

Represented by PATRICK CASTEELS

Active

INTERNATIONAL MANAGEMENT AND CONSULTING AND COACHING

Director · since 22 juin 2022 · until 18 mai 2026 · 0834.662.927

Represented by CHRIS WILLEMS

Active

Ended mandates

INTERNATIONAL MANAGEMENT AND CONSULTING AND COACHING

Director · since 22 juin 2022 · 0834.662.927

Represented by CHRIS WILLEMS

Ended

ELLMAR

Manager · since 20 décembre 2012 · 0840.804.809

Represented by PATRICK CASTEELS

Ended

ELLMAR

Director · since 20 décembre 2012 · 0840.804.809

Represented by PATRICK CASTEELS

Ended

ELLMAR

Manager · since 20 décembre 2012 · 0840.804.809

Represented by PATRICK CASTEELS

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2026
ontslag bestuurder
PDF
Mandates03/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates07/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other23/12/2016
DOEL
PDF
Mandates23/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2015
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

2025
Annual accounts 20251 M €↓
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 2023991,4 k €↓
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021407,9 k €↑
2020
Annual accounts 2020402,2 k €↓
2019
Annual accounts 2019499,6 k €↑
2018
Annual accounts 2018274,3 k €↓
2017
Annual accounts 2017448,1 k €↑
2016
Annual accounts 2016388 k €↑
2015
Annual accounts 2015300,6 k €↑
2014
Annual accounts 201495,3 k €↓
2013
Annual accounts 2013128,8 k €↑
2012
Annual accounts 201267,1 k €↑
2011
Annual accounts 201124,9 k €↑
2009
Annual accounts 2009-81,2 k €↓
2008
Annual accounts 2008175,9 k €↑
2007
Annual accounts 2007148,1 k €↑
2006
Annual accounts 200650,9 k €
08/07/1998
IncorporationPrivate 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

Kappa Data

Overview

What does Kappa Data do?

Trend over 19 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