ACTIVE

CAP2

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Financial year 2025 · closed on 31/12/2025

Net result

-5,8 k €

-126.3% YoY

Gross margin

70 k €

-33.5% YoY

Equity

302,2 k €

-1.9% YoY

What does CAP2 do?

CAP2 is a Private limited company incorporated in 2001. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.987.818

Incorporation

13/06/2001

Legal form

Private limited company

Registered office

Karel Van Wijnendaelelaan 24
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

170 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	70 k €	-33.5%	105,4 k €	+55.9%	67,6 k €	+51.2%	44,7 k €	-24.6%	59,3 k €	+48.3%	40 k €	-4.9%	42 k €	+79.5%	23,4 k €	-44.1%	41,9 k €	-26.2%	56,8 k €	-7.0%	61 k €	+25.0%	48,8 k €	-13.4%	56,3 k €	-9.1%	61,9 k €	+27.9%	48,4 k €	-50.2%	97,3 k €	+25.1%	77,8 k €	-12.5%	88,9 k €
EBITDA	67,6 k €	-34.4%	103,1 k €	+63.6%	63 k €	+48.1%	42,6 k €	-25.7%	57,2 k €	+49.1%	38,4 k €	-3.8%	39,9 k €	+87.3%	21,3 k €	-46.1%	39,5 k €	+42.8%	27,7 k €	-9.3%	30,5 k €	-32.4%	45,2 k €	-5.3%	47,7 k €	-18.5%	58,6 k €	+28.6%	45,5 k €	-44.0%	81,3 k €	+20.6%	67,4 k €	-14.1%	78,5 k €
Operating result	15,4 k €	-72.5%	56,1 k €	+193%	19,2 k €	+655%	2,5 k €	-88.0%	21,2 k €	+408%	4,2 k €	-52.3%	8,7 k €	+171%	-12,3 k €	-275%	7 k €	+333%	-3 k €	+52.3%	-6,3 k €	-165%	9,6 k €	-33.0%	14,4 k €	-26.7%	19,6 k €	+37.6%	14,2 k €	-63.5%	39 k €	+463%	6,9 k €	-85.6%	48,1 k €
Net result	-5,8 k €	-126%	22 k €	+1856%	1,1 k €	+122%	-5,1 k €	-150%	10,2 k €	+221%	-8,4 k €	-83.2%	-4,6 k €	+81.6%	-25 k €	-455%	-4,5 k €	+71.2%	-15,7 k €	-257%	-4,4 k €	-142%	10,5 k €	+493%	-2,7 k €	-195%	2,8 k €	-97.5%	111,9 k €	+5685%	-2 k €	+58.5%	-4,8 k €	-113%	36,6 k €
Balance sheet
Equity	302,2 k €	-1.9%	308 k €	+7.7%	286 k €	+0.4%	284,9 k €	-1.7%	290 k €	+11.2%	260,8 k €	-3.1%	269,3 k €	-1.7%	273,9 k €	-8.4%	298,9 k €	-1.5%	303,4 k €	-4.9%	319,1 k €	-1.4%	323,5 k €	+3.3%	313 k €	-0.8%	315,7 k €	+0.9%	312,8 k €	+665%	40,9 k €	-4.7%	42,9 k €	-10.1%	47,7 k €
Total assets	650,4 k €	-1.7%	661,9 k €	-1.9%	674,9 k €	-2.2%	689,8 k €	+11.2%	620,3 k €	-7.3%	669,3 k €	+4.7%	639,2 k €	-3.3%	661,2 k €	-5.3%	698,2 k €	+2.9%	678,9 k €	-14.8%	796,4 k €	-6.1%	848,4 k €	-1.9%	865 k €	+6.7%	810,3 k €	+14.4%	708,2 k €	-16.3%	846,3 k €	-6.0%	900,3 k €	+119%	410,5 k €
Cash	3,1 k €	-61.4%	7,9 k €	+2643%	288,8 €	-97.3%	10,7 k €	-13.9%	12,5 k €	+708%	1,5 k €	-69.9%	5,1 k €	-56.7%	11,9 k €	+1.2%	11,7 k €	+142%	4,8 k €	-87.8%	39,8 k €	-38.2%	64,4 k €	+202%	21,4 k €	+151%	8,5 k €	-65.3%	24,5 k €	+32017%	76,2 €	-99.8%	48,7 k €	+208%	15,8 k €
Debts	306,8 k €	+4.4%	293,9 k €	-15.5%	347,9 k €	-5.7%	368,8 k €	+25.6%	293,6 k €	-19.3%	363,8 k €	+12.7%	322,9 k €	-4.9%	339,6 k €	-3.9%	353,2 k €	+9.4%	323 k €	-25.1%	431,5 k €	-9.5%	476,8 k €	-2.5%	489,1 k €	+12.9%	433,1 k €	+26.9%	341,4 k €	-57.6%	805,4 k €	-5.5%	852,1 k €	+138%	357,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,4 ETP	-20.0%	0,5 ETP		–		–		–		–		0,4 ETP	+33.3%	0,3 ETP	-40.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Beata Roberti

Director · since 01 septembre 2022

Active

Erik Merchiers

Director · since 01 septembre 2022

Active

Ended mandates

Beata Roberti

Director · since 15 septembre 2014

Ended

Beata Roberti

Manager · since 15 septembre 2014

Ended

Erik Merchiers

Director · since 15 septembre 2014

Ended

Erik Merchiers

Manager · since 15 septembre 2014

Ended

At this address

Other companies at this address

Company	CBE no.
Dr Erik Merchiers● Active	0455.751.629

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	22/06/2026	29/08/2025	26/07/2024	23/03/2023	08/04/2022	28/06/2021
General meeting	13/06/2026	27/08/2025	26/07/2024	21/03/2023	30/03/2022	12/06/2021
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
Micro model	31/12/2025	13/06/2026	22/06/2026	Dutch	PDF
Micro model	31/12/2024	27/08/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	26/07/2024	26/07/2024	Dutch	PDF
Micro model	31/12/2022	21/03/2023	23/03/2023	Dutch	PDF
Micro model	31/12/2021	30/03/2022	08/04/2022	Dutch	PDF
Micro model	31/12/2020	12/06/2021	28/06/2021	Dutch	PDF
Micro model	31/12/2019	13/06/2020	20/08/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	09/06/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	10/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	04/08/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	14/06/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	20/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 6 ended

Active mandates

Beata Roberti

Director · since 01 septembre 2022

Active

Erik Merchiers

Director · since 01 septembre 2022

Active

Ended mandates

Beata Roberti

Director · since 15 septembre 2014

Ended

Beata Roberti

Manager · since 15 septembre 2014

Ended

Erik Merchiers

Director · since 15 septembre 2014

Ended

Erik Merchiers

Manager · since 15 septembre 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other13/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL - ALGEMENE VERGADERING
PDF
Mandates31/01/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other28/08/2015
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/07/2009
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office03/05/2007
MAATSCHAPPELIJKE ZETEL
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 2025-5,8 k €↓
2025
Name changeCAP2
2024
Annual accounts 202422 k €↑
2023
Annual accounts 20231,1 k €↑
2022
Annual accounts 2022-5,1 k €↓
2021
Annual accounts 202110,2 k €↑
2021
Name changeC.A.P.²
2018
Annual accounts 2018-8,4 k €↓
2017
Annual accounts 2017-4,6 k €↑
2016
Annual accounts 2016-25 k €↓
2015
Annual accounts 2015-4,5 k €↑
2014
Annual accounts 2014-15,7 k €↓
2013
Annual accounts 2013-4,4 k €↓
2012
Annual accounts 201210,5 k €↑
2011
Annual accounts 2011-2,7 k €↓
2010
Annual accounts 20102,8 k €↓
2009
Annual accounts 2009111,9 k €↑
2008
Annual accounts 2008-2 k €↑
2007
Annual accounts 2007-4,8 k €↓
2006
Annual accounts 200636,6 k €
13/06/2001
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

CAP2

Overview

What does CAP2 do?

Trend over 18 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