ACTIVE

Kapitan

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Financial year 2025 · closed on 30/09/2025
Net result
-84,1 k €
-317.4% YoY
Gross margin
193,5 k €
-41.8% YoY
Equity
119,5 k €
-41.3% YoY
Workforce
2,5 ETP
-16.7% YoY

What does Kapitan do?

Kapitan is a Private limited company incorporated in 2010. Its main activity is: Advertising agencies. Its registered office is in Alken. It employs on average 2,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0829.977.629
Incorporation
06/10/2010
Legal form
Private limited company
Registered office
Bulsstraat 87
3570 Alken · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
30/09/2025
Average workforce
2,5 ETP
Activities (NACE)
73110Advertising agencies· main73110Advertising agencies74109Specialised design activities74140Specialised design activities18130Pre-press and pre-media services18130Pre-press and pre-media services+4
Joint committees (2)
  • 200
  • 20000
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin193,5 k €332,8 k €228,1 k €383,8 k €324,4 k €328,6 k €306,6 k €391,6 k €342,4 k €297,7 k €338,4 k €252,5 k €178,7 k €206,2 k €63,9 k €
EBITDA-44,1 k €84,6 k €9,6 k €83,6 k €-1 k €40,9 k €8,7 k €73,2 k €17,6 k €63,3 k €47,2 k €47,7 k €7,3 k €105,2 k €13,3 k €
Operating result-72,5 k €63,3 k €-15,5 k €57,8 k €-35,5 k €8,4 k €-31 k €27,1 k €-28,4 k €26,8 k €15,4 k €36,4 k €-4,4 k €95,4 k €11,8 k €
Net result-84,1 k €38,7 k €-27,8 k €45,2 k €-46,1 k €-2,8 k €-42,8 k €16,2 k €-38,5 k €9,4 k €3,4 k €17,7 k €-778,8 €73,3 k €5,8 k €
Balance sheet
Equity119,5 k €203,6 k €-32,3 k €-4,5 k €-49,7 k €-3,6 k €-7,1 k €35,7 k €19,5 k €58,1 k €48,7 k €45,2 k €27,5 k €65,3 k €12 k €
Total assets496 k €620,5 k €419,1 k €472 k €452,7 k €561,3 k €623,3 k €635,4 k €759,1 k €688,6 k €678 k €213,1 k €143,2 k €177,4 k €44,5 k €
Cash490,1 €5,4 k €14,2 k €7,6 k €17,3 k €10,3 k €5,6 k €––22 k €25,4 k €48,8 k €12,4 k €20,1 k €–
Debts376,3 k €415,3 k €450,5 k €475,6 k €502,4 k €564,1 k €616,8 k €599,7 k €739,5 k €630,5 k €629,3 k €167,8 k €115,7 k €112,1 k €32,4 k €
Other
Workforce2,5 ETP3,0 ETP3,2 ETP4,5 ETP5,6 ETP5,8 ETP–5,0 ETP7,0 ETP4,7 ETP5,2 ETP5,0 ETP3,7 ETP2,6 ETP1,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 8 ended

Active mandates

Tomorrow Graphics

Director · since 01 août 2019 · 0534.836.620

Represented by GUIDO EVENS

Active

Ended mandates

David Rouma

Manager · since 01 juin 2014

Ended
Yves Deploige

Manager · since 01 mai 2013

Ended
Tomorrow Graphics

Director · since 01 avril 2013 · 0534.836.620

Represented by Guido Evens

Ended
Carina Lopez Plantaz

Manager · since 04 octobre 2010 · until 30 septembre 2012

Ended
At this address

Other companies at this address

CompanyCBE no.
Tomorrow Graphics● Active
0534.836.620
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/01/202628/03/202530/04/202421/04/202325/04/202209/04/2021
General meeting20/01/202615/03/202515/03/202415/03/202315/03/202215/03/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202520/01/202620/01/2026DutchPDF
Abridged model30/09/202415/03/202528/03/2025DutchPDF
Abridged model30/09/202315/03/202430/04/2024DutchPDF
Abridged model30/09/202215/03/202321/04/2023DutchPDF
Abridged model30/09/202115/03/202225/04/2022DutchPDF
Abridged model30/09/202015/03/202109/04/2021DutchPDF
Abridged model30/09/201915/03/202020/04/2020DutchPDF
Abridged model30/09/201815/03/201930/04/2019DutchPDF
Abridged model30/09/201715/03/201827/03/2018DutchPDF
Abridged model30/09/201615/03/201730/03/2017DutchPDF
Abridged model30/09/201515/03/201621/03/2016DutchPDF
Abridged model30/09/201415/03/201518/03/2015DutchPDF
Abridged model30/09/201315/03/201424/03/2014DutchPDF
Abridged modelCorrection30/09/201205/04/201330/07/2013DutchPDF
Abridged model30/09/201205/04/201330/04/2013DutchPDF
Abridged model30/09/201125/04/201226/04/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/09/2025 · 1 active · 8 ended

Active mandates

Tomorrow Graphics

Director · since 01 août 2019 · 0534.836.620

Represented by GUIDO EVENS

Active

Ended mandates

David Rouma

Manager · since 01 juin 2014

Ended
Yves Deploige

Manager · since 01 mai 2013

Ended
Tomorrow Graphics

Director · since 01 avril 2013 · 0534.836.620

Represented by Guido Evens

Ended
Carina Lopez Plantaz

Manager · since 04 octobre 2010 · until 30 septembre 2012

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office05/02/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/10/2020
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Mandates17/09/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/04/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office17/09/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates17/07/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office26/11/2013
    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

Timeline

  1. 2025
    Annual accounts 2025-84,1 k €↓
  2. 2024
    Annual accounts 202438,7 k €↑
  3. 2023
    Annual accounts 2023-27,8 k €↓
  4. 2023
    Name changeKAPITAN
  5. 2022
    Annual accounts 202245,2 k €↑
  6. 2021
    Annual accounts 2021-46,1 k €↓
  7. 2021
    Name changeNEXT ISSUE
  8. 2020
    Annual accounts 2020-2,8 k €↑
  9. 2019
    Annual accounts 2019-42,8 k €↓
  10. 2018
    Annual accounts 201816,2 k €↑
  11. 2017
    Annual accounts 2017-38,5 k €↓
  12. 2016
    Annual accounts 20169,4 k €↑
  13. 2015
    Annual accounts 20153,4 k €↓
  14. 2014
    Annual accounts 201417,7 k €↑
  15. 2013
    Annual accounts 2013-778,8 €↓
  16. 2012
    Annual accounts 201273,3 k €↑
  17. 2011
    Annual accounts 20115,8 k €
  18. 06/10/2010
    IncorporationPrivate limited company