CAPNOR I MidCo
0751.925.687 · rovalta.com · 08/11/2026
ACTIVE
CAPNOR I MidCo
Financial year 2025 · Closed on 31/12/2025
Net result574,5 k €+256,3 %over 1 year
Gross margin-20,3 k €+21,7 %over 1 year
Equity21,7 M €+103,3 %over 1 year
Overview
Identity
Source · BCE/KBOCAPNOR I MidCo is a Public limited company incorporated in 2020. Its registered office is in Lasne.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0751.925.687
- Incorporation
- 10/08/2020
- Legal form
- Public limited company
- Registered office
- Chaussée de Louvain 479
1380 Lasne · WallonieSee on map - Contributed capital
- 21 491 517,98 €
- Latest accounts
- 31/12/2025
Signals
ProfitablePositive cashflow
Financials
Source · NBB, 5 filingsTrend over 5 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | -20,3 k € | +21.7% | -25,9 k € | -5044% | -504,5 € | +55.4% | -1,1 k € | +94.7% | -21,3 k € |
| EBITDA | -21,6 k € | +21.3% | -27,4 k € | -1577% | -1,6 k € | -6.9% | -1,5 k € | +93.1% | -22,2 k € |
| Operating result | -21,6 k € | +21.3% | -27,4 k € | -1577% | -1,6 k € | -6.9% | -1,5 k € | +93.1% | -22,2 k € |
| Net result | 574,5 k € | +256% | -367,6 k € | -1259% | -27 k € | -126% | -11,9 k € | -234% | 8,9 k € |
| Balance sheet | |||||||||
| Equity | 21,7 M € | +103% | 10,7 M € | +4747% | 219,9 k € | -11.0% | 246,9 k € | -4.6% | 258,9 k € |
| Total assets | 81,4 M € | +21.3% | 67,1 M € | +63.7% | 41 M € | +71.4% | 23,9 M € | +68.7% | 14,2 M € |
| Cash | 649,3 € | -85.8% | 4,6 k € | +589% | 665,3 € | -21.3% | 844,9 € | +2825% | 28,9 € |
| Debts | 59,8 M € | +5.8% | 56,5 M € | +38.5% | 40,8 M € | +72.3% | 23,7 M € | +70.5% | 13,9 M € |
Valuation
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20252 active
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Managing director10/08/2020 → 28/08/2026 | |||
| Managing director10/08/2020 → 28/05/2026 |
Other companies at this address
Chaussée de Louvain 479 1380 Lasne| Company | CBE no. |
|---|---|
AYDC● Active | 0749.440.113 |
Balemar● Active | 1013.713.049 |
Baudouin RUQUOIS management● Active | 0432.691.165 |
Biloba Invest● Active | 0779.407.074 |
CAPNOR● Active | 0743.787.684 |
Capnor Asset Management● Active | 1015.442.322 |
Capnor Co-Investments I● Active | 1000.830.360 |
Capnor Co-Investments II● Active | 1000.830.657 |
Capnor Co-Investments III● Active | 1006.155.858 |
Capnor Co-Investments IV● Active | 1006.156.353 |
Capnor Co-Investments V● Active | 1011.373.369 |
Capnor Co-Investments VI● Active | 1011.373.468 |
Capnor Co-Investments VII● Active | 1015.511.509 |
Capnor Co-Investments VIII● Active | 1015.511.608 |
Capnor Holdings● Active | 0805.335.570 |
CAPNOR I● Active | 0749.859.686 |
CAPNOR II● Active | 1000.830.756 |
CAPNOR II MidCo● Active | 1017.773.884 |
CAPNOR I LP● Active | 1006.155.561 |
CYJELO● Active | 0418.097.615 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 10/08/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 17 months |
| Filing date | 30/10/2026 | 20/10/2025 | 28/06/2024 | 29/06/2023 | 30/06/2022 |
| General meeting | 28/05/2026 | 28/05/2025 | 28/05/2024 | 29/05/2023 | 30/05/2022 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 5 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 28/05/2026 | 30/10/2026 | French | |
| Abridged model | 31/12/2024 | 28/05/2025 | 20/10/2025 | French | |
| Abridged model | 31/12/2023 | 28/05/2024 | 28/06/2024 | French | |
| Abridged model | 31/12/2022 | 29/05/2023 | 29/06/2023 | French | |
| Abridged model | 31/12/2021 | 30/05/2022 | 30/06/2022 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20252 active
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Managing director10/08/2020 → 28/08/2026 | |||
| Managing director10/08/2020 → 28/05/2026 |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Capital / shares21/05/2026STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS
- Capital / shares23/07/2025STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
- Mandates28/10/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - CAPITAL, ACTIONS
- Capital / shares03/04/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS
- Other12/08/2020RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings5 filings
Mandates
HECKE PARTNERS
CAPNOR
2020202120222023202420252026
CAPNOR I MidCoNORTH CAPITAL
Chaussée de Louvain 479, 1380 Lasne
Managing director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Chaussée de Louvain 479, 1380 LasneCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00597121 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| CAPNOR I MidCoCurrent | accounts 2024 → 2025 | Accounts 2025 · 2026-00597121 |
| NORTH CAPITAL | accounts 2021 → 2023 | Accounts 2023 · 2024-00191059 |
Events
- 24/03/2026augmentation_capital
- 24/03/2026augmentation_capital
- 2025Annual accounts 2025574,5 k €↑
- 27/06/2025augmentation_capital
- 2024Annual accounts 2024-367,6 k €↓
- 2024Name changeCAPNOR I MidCo
- 07/10/2024augmentation_capital
- 21/03/2024augmentation_capital
- 2023Annual accounts 2023-27 k €↓
- 2022Annual accounts 2022-11,9 k €↓
- 2021Annual accounts 20218,9 k €
- 10/08/2020IncorporationPublic limited company