ACTIVE

CAP IMAGE

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Financial year 2025 · closed on 31/12/2025

Net result

143,5 k €

-3.5% YoY

Gross margin

246,8 k €

+16.7% YoY

Equity

842,5 k €

+1.7% YoY

What does CAP IMAGE do?

CAP IMAGE is a Private limited company incorporated in 2002. Its registered office is in Braine-l'Alleud.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.903.945

Incorporation

02/12/2002

Legal form

Private limited company

Registered office

Rue Norbert Bourgeys 14
1421 Braine-l'Alleud · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	246,8 k €	+16.7%	211,5 k €	-24.0%	278,5 k €	+12.1%	248,4 k €	+12.4%	221,1 k €	+34.5%	164,4 k €	-27.7%	227,3 k €	+41.8%	160,4 k €	+181%	57 k €	-58.8%	138,5 k €	+1.4%	136,5 k €	+45.4%	93,9 k €	-6.3%	100,1 k €	+11.6%	89,8 k €	-2.2%	91,8 k €	-12.3%	104,7 k €	-8.3%	114,1 k €	-13.1%	131,4 k €	+36.6%	96,2 k €	-9.8%	106,6 k €
EBITDA	238,8 k €	+14.7%	208,2 k €	-24.6%	276,2 k €	+12.9%	244,5 k €	+14.0%	214,4 k €	+31.2%	163,4 k €	-27.5%	225,3 k €	+44.1%	156,4 k €	+186%	54,6 k €	-59.9%	136 k €	+5.5%	128,9 k €	+38.4%	93,1 k €	-6.2%	99,3 k €	+12.6%	88,2 k €	+5.6%	83,5 k €	-19.4%	103,6 k €	-4.1%	108,1 k €	-17.1%	130,4 k €	+41.5%	92,2 k €	-12.7%	105,6 k €
Operating result	197,8 k €	+15.9%	170,7 k €	-29.3%	241,3 k €	+12.3%	214,9 k €	+12.8%	190,6 k €	+40.6%	135,6 k €	-31.7%	198,4 k €	+49.9%	132,3 k €	+355%	29,1 k €	-76.4%	123 k €	+20.9%	101,8 k €	+47.8%	68,9 k €	+16.0%	59,4 k €	+474%	10,4 k €	-30.8%	15 k €	-75.3%	60,6 k €	-6.0%	64,5 k €	-28.1%	89,8 k €	+65.4%	54,3 k €	-23.7%	71,1 k €
Net result	143,5 k €	-3.5%	148,7 k €	-9.9%	165,1 k €	+13.4%	145,6 k €	+7.6%	135,3 k €	+51.2%	89,5 k €	-30.7%	129,2 k €	+52.3%	84,8 k €	+649%	11,3 k €	-80.9%	59,4 k €	+5.9%	56,1 k €	+50.9%	37,2 k €	+16.8%	31,8 k €	+223%	-25,8 k €	-1052%	2,7 k €	-93.4%	41,1 k €	-3.4%	42,5 k €	-28.0%	59,1 k €	+76.0%	33,6 k €	-29.3%	47,4 k €
Balance sheet
Equity	842,5 k €	+1.7%	828,2 k €	+8.4%	764,3 k €	+25.2%	610,6 k €	+16.4%	524,4 k €	+17.8%	445,1 k €	+13.3%	392,8 k €	+49.0%	263,6 k €	+47.5%	178,7 k €	-49.5%	353,7 k €	+20.2%	294,3 k €	+23.5%	238,3 k €	+18.5%	201,1 k €	-9.2%	221,5 k €	-10.4%	247,3 k €	+1.1%	244,6 k €	+20.2%	203,5 k €	+26.4%	160,9 k €	-26.7%	219,5 k €	+18.0%	186 k €
Total assets	1,1 M €	+4.9%	1 M €	+3.7%	968,3 k €	+12.3%	862 k €	+10.4%	780,5 k €	+14.6%	681,4 k €	+4.2%	654,1 k €	+27.5%	513,1 k €	-22.7%	663,8 k €	+7.4%	618,3 k €	+8.7%	568,8 k €	+9.3%	520,6 k €	-28.5%	728 k €	+44.0%	505,4 k €	+60.1%	315,7 k €	+22.5%	257,7 k €	+6.6%	241,7 k €	-30.6%	348,2 k €	+10.3%	315,6 k €	-5.2%	333 k €
Cash	153,3 k €	-17.5%	185,8 k €	+47.4%	126,1 k €	-19.4%	156,3 k €	-12.1%	177,9 k €	+5.7%	168,3 k €	-9.2%	185,4 k €	+188%	64,5 k €	-64.0%	179,1 k €	-15.5%	212 k €	+27.1%	166,8 k €	+8.8%	153,3 k €	-57.2%	358,1 k €	+79.6%	199,3 k €	+158%	77,3 k €	-38.3%	125,3 k €	+54.7%	81 k €	-9.0%	89 k €	+74.6%	50,9 k €	-66.1%	150,5 k €
Debts	210,2 k €	+19.6%	175,7 k €	-12.6%	201 k €	-19.3%	248,9 k €	-1.9%	253,6 k €	+8.5%	233,7 k €	-9.6%	258,4 k €	+4.8%	246,5 k €	-49.1%	484 k €	+83.1%	264,3 k €	-3.4%	273,6 k €	-2.8%	281,4 k €	-46.5%	525,9 k €	+85.7%	283,2 k €	+314%	68,4 k €	+421%	13,1 k €	-65.7%	38,2 k €	-79.6%	187,3 k €	+95.0%	96 k €	-34.7%	147 k €

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 · 1 active · 6 ended

Active mandates

OLIVIER CAPPELIEZ

Director · since 18 septembre 2023

Active

Ended mandates

OLIVIER CAPPELIEZ

Director · since 25 juin 2021 · until 25 juin 2027

Ended

Olivier Cappeliez

Manager · since 26 juin 2015 · until 25 juin 2021

Ended

OLIVIER CAPPELIEZ

Director · since 26 juin 2015 · until 25 juin 2021

Ended

Olivier Cappeliez

Manager · since 26 juin 2009 · until 26 juin 2015

Ended

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	31/07/2026	31/07/2025	30/07/2024	14/08/2023	30/08/2022	01/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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	26/06/2026	31/07/2026	French	PDF
Micro model	31/12/2024	27/06/2025	31/07/2025	French	PDF
Micro model	31/12/2023	28/06/2024	30/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	14/08/2023	French	PDF
Micro model	31/12/2021	24/06/2022	30/08/2022	French	PDF
Micro model	31/12/2020	25/06/2021	01/07/2021	French	PDF
Micro model	31/12/2019	26/06/2020	22/07/2020	French	PDF
Micro model	31/12/2018	28/06/2019	02/07/2019	French	PDF
Micro model	31/12/2017	29/06/2018	27/07/2018	French	PDF
Micro model	31/12/2016	30/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	23/08/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	13/08/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	22/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	18/07/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	17/08/2007	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 · 1 active · 6 ended

Active mandates

OLIVIER CAPPELIEZ

Director · since 18 septembre 2023

Active

Ended mandates

OLIVIER CAPPELIEZ

Director · since 25 juin 2021 · until 25 juin 2027

Ended

Olivier Cappeliez

Manager · since 26 juin 2015 · until 25 juin 2021

Ended

OLIVIER CAPPELIEZ

Director · since 26 juin 2015 · until 25 juin 2021

Ended

Olivier Cappeliez

Manager · since 26 juin 2009 · until 26 juin 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/09/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/01/2018
CAPITAL, ACTIONS
PDF
Mandates20/07/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares16/01/2014
CAPITAL, ACTIONS
PDF
Other24/07/2012
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/11/2009
DEMISSIONS, NOMINATIONS
PDF
Other18/02/2003
DIVERS
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 2025143,5 k €↓
2024
Annual accounts 2024148,7 k €↓
2023
Annual accounts 2023165,1 k €↑
2022
Annual accounts 2022145,6 k €↑
2021
Annual accounts 2021135,3 k €↑
2020
Annual accounts 202089,5 k €↓
2019
Annual accounts 2019129,2 k €↑
2018
Annual accounts 201884,8 k €↑
2017
Annual accounts 201711,3 k €↓
2016
Annual accounts 201659,4 k €↑
2015
Annual accounts 201556,1 k €↑
2014
Annual accounts 201437,2 k €↑
2013
Annual accounts 201331,8 k €↑
2012
Annual accounts 2012-25,8 k €↓
2011
Annual accounts 20112,7 k €↓
2010
Annual accounts 201041,1 k €↓
2009
Annual accounts 200942,5 k €↓
2008
Annual accounts 200859,1 k €↑
2007
Annual accounts 200733,6 k €↓
2006
Annual accounts 200647,4 k €
02/12/2002
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

CAP IMAGE

Overview

What does CAP IMAGE do?

Trend over 20 financial years

Indicative valuation

Board of directors

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