ACTIVE

CNAP

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Financial year 2025 · closed on 31/12/2025
Net result
69,5 k €
+27.6% YoY
Gross margin
117,1 k €
+5.1% YoY
Equity
770,2 k €
+0.6% YoY

What does CNAP do?

CNAP is a Private limited company incorporated in 2017. Its main activity is: Activities of holding companies. Its registered office is in Lummen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0677.446.713
Incorporation
22/06/2017
Legal form
Private limited company
Registered office
van Willigenstraat 10
3560 Lummen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies88994Other social work activities without accommodation n.e.c.88996Other social work activities without accommodation n.e.c.
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin117,1 k €111,5 k €122,3 k €97,6 k €42,6 k €59,1 k €59,8 k €37,5 k €
EBITDA115,4 k €110,2 k €121,1 k €96,3 k €41,7 k €57,2 k €56,7 k €34,5 k €
Operating result108,2 k €102,4 k €114,6 k €86,6 k €33,6 k €51,6 k €51,3 k €29,4 k €
Net result69,5 k €54,5 k €73 k €56,1 k €331,4 k €195,6 k €30,8 k €30,6 k €
Balance sheet
Equity770,2 k €765,6 k €736,1 k €663,1 k €607 k €275,6 k €80 k €49,2 k €
Total assets818,4 k €807,9 k €818,4 k €830,9 k €822,5 k €578 k €671,7 k €690,6 k €
Cash19,8 k €4 k €3,3 k €24,6 k €9 k €118,7 k €11,1 k €22,5 k €
Debts48,2 k €42,3 k €82,3 k €167,9 k €215,5 k €302,5 k €588,4 k €641,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Bert Denivel

Director · since 20 mai 2022

Active
Cindy Willekens

Director · since 20 mai 2022

Active

Ended mandates

Bert Denivel

Director · since 22 juin 2017

Ended
Bert Denivel

Manager · since 22 juin 2017

Ended
Cindy Willekens

Director · since 22 juin 2017

Ended
Cindy Willekens

Manager · since 22 juin 2017 · until 30 juin 2018

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/03/202628/04/202502/04/202410/07/202325/07/202231/08/2021
General meeting30/03/202609/04/202520/03/202406/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/03/202631/03/2026DutchPDF
Micro model31/12/202409/04/202528/04/2025DutchPDF
Micro model31/12/202320/03/202402/04/2024DutchPDF
Micro model31/12/202206/06/202310/07/2023DutchPDF
Micro model31/12/202124/06/202225/07/2022DutchPDF
Micro model31/12/202025/06/202131/08/2021DutchPDF
Micro model31/12/201926/06/202016/09/2020DutchPDF
Micro model31/12/201828/06/201905/08/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 5 ended

Active mandates

Bert Denivel

Director · since 20 mai 2022

Active
Cindy Willekens

Director · since 20 mai 2022

Active

Ended mandates

Bert Denivel

Director · since 22 juin 2017

Ended
Bert Denivel

Manager · since 22 juin 2017

Ended
Cindy Willekens

Director · since 22 juin 2017

Ended
Cindy Willekens

Manager · since 22 juin 2017 · until 30 juin 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/06/2022
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office28/12/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/08/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other26/06/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202569,5 k €↑
  2. 2024
    Annual accounts 202454,5 k €↓
  3. 2023
    Annual accounts 202373 k €↑
  4. 2022
    Annual accounts 202256,1 k €↓
  5. 2021
    Annual accounts 2021331,4 k €↑
  6. 2020
    Annual accounts 2020195,6 k €↑
  7. 2019
    Annual accounts 201930,8 k €↑
  8. 2018
    Annual accounts 201830,6 k €
  9. 22/06/2017
    IncorporationPrivate limited company