ACTIVE

CAPFORCE

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Financial year 2025 · closed on 31/12/2025
Net result
897,4 k €
-25.6% YoY
Gross margin
261,3 k €
-12.9% YoY
Equity
5,1 M €
+21.3% YoY
Workforce
1,9 ETP
+18.7% YoY

What does CAPFORCE do?

CAPFORCE is a Public limited company incorporated in 2017. Its main activity is: Activities of holding companies. Its registered office is in Gent. It employs on average 1,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0681.471.817
Incorporation
18/09/2017
Legal form
Public limited company
Registered office
Rodebeukendreef 5a
9050 Gent · FlandreSee on map
Contributed capital
200 000,00 €
Latest accounts
31/12/2025
Average workforce
1,9 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies64300Trusts, funds and similar financial entities64310Trusts, funds and similar financial entities
Joint committees (1)
  • 20000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin261,3 k €299,8 k €244,9 k €211,5 k €203,4 k €254,5 k €153,4 k €464,1 k €42,5 k €
EBITDA95,9 k €174,5 k €243,5 k €210,5 k €202,3 k €253,5 k €152,4 k €463,6 k €42,0 k €
Operating result93,7 k €173,0 k €243,5 k €210,5 k €202,3 k €253,5 k €152,4 k €463,6 k €42,0 k €
Net result897,4 k €1,2 M €623,8 k €565,9 k €276,0 k €361,0 k €821,3 k €289,4 k €12,7 k €
Balance sheet
Equity5,1 M €4,2 M €3,0 M €2,4 M €2,0 M €1,7 M €1,3 M €502,1 k €212,7 k €
Total assets5,4 M €5,4 M €4,4 M €4,0 M €4,2 M €3,9 M €3,7 M €3,7 M €4,1 M €
Cash132,1 k €112,2 k €8,0 k €225,9 k €66,9 k €42,8 k €96,5 k €127,8 k €521,5 k €
Debts311,8 k €1,2 M €1,4 M €1,7 M €2,2 M €2,3 M €2,4 M €3,2 M €3,6 M €
Other
Workforce1,9 ETP1,6 ETP–––––––
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 · 1 active · 13 ended

Active mandates

Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan Devriese

Active

Ended mandates

Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan DEVRIESE

Ended
Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan Devriese

Ended
Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan Devriese

Ended
Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan Devriese

Ended
At this address

Other companies at this address

CompanyCBE no.
Belufin● Active
0777.247.241
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date23/04/202625/03/202502/07/202403/04/202314/07/202225/06/2021
General meeting31/03/202601/03/202522/04/202408/03/202328/06/202212/04/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/03/202623/04/2026DutchPDF
Abridged model31/12/202401/03/202525/03/2025DutchPDF
Abridged model31/12/202322/04/202402/07/2024DutchPDF
Abridged model31/12/202208/03/202303/04/2023DutchPDF
Abridged model31/12/202128/06/202214/07/2022DutchPDF
Abridged model31/12/202012/04/202125/06/2021DutchPDF
Abridged model31/12/201916/06/202023/06/2020DutchPDF
Abridged model31/12/201825/06/201904/07/2019DutchPDF
Abridged model31/12/201730/06/201827/07/2018DutchPDF
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 · 1 active · 13 ended

Active mandates

Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan Devriese

Active

Ended mandates

Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan DEVRIESE

Ended
Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan Devriese

Ended
Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan Devriese

Ended
Arthauris Invest

Managing director · since 15 septembre 2017 · 0680.899.418

Represented by Johan Devriese

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/05/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates04/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/09/2017
    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 2025897,4 k €↓
  2. 2024
    Annual accounts 20241,2 M €↑
  3. 2023
    Annual accounts 2023623,8 k €↑
  4. 2023
    Name changeCAPFORCE
  5. 2022
    Annual accounts 2022565,9 k €↑
  6. 2021
    Annual accounts 2021276,0 k €↓
  7. 2021
    Name changeTAURUS
  8. 2020
    Annual accounts 2020361,0 k €↓
  9. 2019
    Annual accounts 2019821,3 k €↑
  10. 2018
    Annual accounts 2018289,4 k €↑
  11. 2017
    Annual accounts 201712,7 k €
  12. 18/09/2017
    IncorporationPublic limited company