ACTIVE

THE CAPITAL MARKETS COMPANY

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Financial year 2025 · Closed on 31/03/2025

Net result-5 M €-116,3 %over 1 year

Revenue8,6 M €-15,5 %over 1 year

Equity67,6 M €+9,1 %over 1 year

Workforce46,0 ETP-21,4 %over 1 year

Identity

Source · BCE/KBO

THE CAPITAL MARKETS COMPANY is a Private limited company incorporated in 1998. Its main activity is: Computer consultancy activities. Its registered office is in Machelen (Brab.). It employs on average 46,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0463.785.605
Incorporation: 09/07/1998
Legal form: Private limited company
Registered office: Leonardo da Vincilaan 19A
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital: 31 177 559,26 €
Latest accounts: 31/03/2025
Average workforce: 46,0 ETP

Activities (NACE)

62020Computer consultancy activities· main 62090Other information technology and computer service activities 62200Computer programming, consultancy and related activities 62900Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 72600Scientific research and development+3

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 30 filings

Trend over 16 financial years

	2025		2024		2023		2022		2020
Income statement
Revenue	8,6 M €	-15.5%	10,1 M €	-18.2%	12,4 M €	-21.5%	15,8 M €	-9.9%	17,5 M €
EBITDA	363,6 k €	+130%	-1,2 M €	-148%	2,6 M €	+193%	-2,8 M €	-315%	1,3 M €
Operating result	358,8 k €	+129%	-1,2 M €	-148%	2,6 M €	+191%	-2,8 M €	-324%	1,3 M €
Net result	-5 M €	-116%	30,8 M €	+45.4%	21,2 M €	+203%	-20,6 M €	+40.5%	-34,6 M €
Balance sheet
Equity	67,6 M €	+9.1%	62 M €	+98.9%	31,2 M €	+212%	10 M €	-67.3%	30,5 M €
Total assets	106,1 M €	+4.7%	101,3 M €	+70.0%	59,6 M €	-50.2%	119,7 M €	+42.7%	83,9 M €
Cash	20,3 M €	+815%	2,2 M €	-9.7%	2,5 M €	-73.0%	9,1 M €	-17.4%	11 M €
Debts	37,2 M €	-4.9%	39,2 M €	+39.2%	28,1 M €	-74.3%	109,5 M €	+107%	52,9 M €
Other
Workforce	46,0 ETP	-21.4%	58,5 ETP	-8.3%	63,8 ETP	+27.3%	50,1 ETP	+14.4%	43,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2025

1 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benjamin Simon	Directorsince 08/11/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steven Ramsey	Director15/06/2022 → 06/11/2023
Elisabeth Depauw	Director26/11/2018 → 28/10/2020Manager26/11/2018 → 28/10/2020

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Full financial information

Source · NBB

	2025	2024	2023	2022	2020	2019
Type of account	Full model	Full model	Full model	Full model	Consolidated accounts	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	15 months	12 months	12 months
Filing date	29/10/2025	29/10/2024	14/11/2023	06/10/2022	23/09/2022	02/11/2020
General meeting	24/10/2025	29/10/2024	06/11/2023	30/09/2022	–	28/10/2020
Currency of the financial year	EUR	EUR	EUR	EUR	USD	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 30 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	24/10/2025	29/10/2025	Dutch	PDF
Full model	31/03/2024	29/10/2024	29/10/2024	Dutch	PDF
Full model	31/03/2023	06/11/2023	14/11/2023	Dutch	PDF
Full model	31/03/2022	30/09/2022	06/10/2022	Dutch	PDF
Consolidated accounts	31/03/2022	09/06/2022	01/12/2022	Dutch	PDF
Full model	31/12/2020	16/11/2021	24/11/2021	Dutch	PDF
Consolidated accounts	31/12/2020	—	23/09/2022	Dutch	PDF
Full model	31/12/2019	28/10/2020	02/11/2020	Dutch	PDF
Consolidated accounts	31/12/2019	01/01/9999	03/06/2020	Dutch	PDF
Full model	31/12/2018	31/07/2019	08/10/2019	Dutch	PDF
Consolidated accounts	31/12/2018	01/01/9999	26/06/2019	Dutch	PDF
Full model	31/12/2017	08/08/2018	21/08/2018	Dutch	PDF
Consolidated accounts	31/12/2017	01/01/9999	21/08/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	02/03/2017	04/04/2017	Dutch	PDF
Full model	31/12/2014	30/06/2015	29/07/2015	Dutch	PDF
Consolidated accounts	31/12/2014	27/02/2015	29/07/2015	Dutch	PDF
Full model	31/12/2013	29/07/2014	26/08/2014	Dutch	PDF
Consolidated accounts	31/12/2013	28/02/2014	23/02/2015	Dutch	PDF
Full model	31/12/2012	28/06/2013	23/07/2013	Dutch	PDF
Consolidated accounts	31/12/2012	29/05/2013	15/01/2014	Dutch	PDF
Full model	31/12/2011	29/06/2012	07/08/2012	Dutch	PDF
Consolidated accounts	31/12/2011	30/05/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	31/08/2011	Dutch	PDF
Consolidated accounts	31/12/2010	18/05/2011	06/08/2012	Dutch	PDF
Full model	31/12/2009	20/10/2010	09/05/2011	Dutch	PDF
Full model	31/12/2008	20/10/2010	09/05/2011	Dutch	PDF
Full model	31/12/2007	15/07/2009	30/11/2009	Dutch	PDF
Full model	31/12/2006	29/06/2007	30/07/2007	Dutch	PDF
Consolidated accounts	31/12/2006	29/06/2007	30/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/03/2025

1 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benjamin Simon	Directorsince 08/11/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steven Ramsey	Director15/06/2022 → 06/11/2023
Elisabeth Depauw	Director26/11/2018 → 28/10/2020Manager26/11/2018 → 28/10/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other20/09/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office20/08/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

Benjamin Simon

Steven Ramsey

Elisabeth Depauw

James Gavin

Marcel Du Bois

Darren Fox-Kirkham

Marco M. Mayo

Levy Lance

James Woodall

James Woodruff Woodall

Christopher Clouse

Mike Hayford

and 6 more mandates

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

THE CAPITAL MARKETS COMPANY

Leonardo da Vincilaan 19A, 1831 DiegemDe Kleetlaan 6A, 1831 Diegem

Director

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Leonardo da Vincilaan 19A, 1831 DiegemCurrent	accounts 2024 → 2025	Accounts 2025 · 2025-00552422
De Kleetlaan 6A, 1831 Diegem	accounts 2022 → 2023	Accounts 2023 · 2023-00511914

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
THE CAPITAL MARKETS COMPANYCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00552422

Events

2025
Annual accounts 2025-5 M €↓
26/11/2024
reconductionMarcel Du Bois · bestuurder
29/10/2024
nominationKPMG Bedrijfsrevisoren BV/SRL · commissaris
29/10/2024
nominationEllemarie Bex · vaste vertegenwoordiger
2024
Annual accounts 202430,8 M €↑
21/11/2023
nominationEllemarie Bex · vaste vertegenwoordiger van de commissaris
08/11/2023
nominationBenjamin André Jean Simon · bestuurder
2023
Annual accounts 202321,2 M €↑
15/06/2022
nominationSteven Ramsey · bestuurder
2022
Annual accounts 2022-20,6 M €↑
16/11/2021
reconductionJeroen Trumpener · commissaris (vaste vertegenwoordiger)
2020
Annual accounts 2020-34,6 M €↓
2019
Annual accounts 201923,2 M €↑
2018
Annual accounts 2018-3,5 M €↓
2017
Annual accounts 201741,5 M €↑
2016
Annual accounts 2016-25,1 M €↓
2014
Annual accounts 20141,8 M €↑
2013
Annual accounts 2013-3,3 M €↓
2012
Annual accounts 201212 M €↓
2011
Annual accounts 201135,9 M €↓
2010
Annual accounts 2010125,2 M €↑
2009
Annual accounts 2009-18 M €↓
2008
Annual accounts 200810,2 M €
09/07/1998
IncorporationPrivate limited company

THE CAPITAL MARKETS COMPANY

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events