ACTIVE

INDIAN CAPS

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Financial year 2025 · closed on 31/12/2025

Net result

43,5 k €

+12.5% YoY

Gross margin

89,7 k €

+5.3% YoY

Equity

453,6 k €

-1.4% YoY

What does INDIAN CAPS do?

INDIAN CAPS is a Private limited company incorporated in 2011. Its main activity is: Buying and selling of own real estate. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0836.126.934

Incorporation

09/05/2011

Legal form

Private limited company

Registered office

Engelse Beurs 4
2000 Antwerpen · FlandreSee on map

Contributed capital

259 770,10 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2013		2012
Income statement
Gross margin	89,7 k €	+5.3%	85,2 k €	+4.4%	81,6 k €	-3.1%	84,2 k €	-8.1%	91,6 k €	+0.4%	91,2 k €	-27.3%	125,5 k €	-0.5%	126,1 k €	-12.5%	144,1 k €	+1.3%	142,2 k €	+161%	54,5 k €
EBITDA	84,3 k €	+5.5%	80 k €	+4.4%	76,6 k €	-3.8%	79,6 k €	+10.8%	71,8 k €	-14.4%	83,9 k €	-29.1%	118,4 k €	+6.2%	111,4 k €	-18.7%	137,2 k €	+35.8%	101 k €	+226%	31 k €
Operating result	58,1 k €	+8.1%	53,7 k €	+7.8%	49,8 k €	-5.7%	52,9 k €	+17.3%	45,1 k €	+425%	8,6 k €	-55.6%	19,3 k €	+98.1%	9,8 k €	-68.2%	30,7 k €	-38.7%	50 k €	+558%	-10,9 k €
Net result	43,5 k €	+12.5%	38,7 k €	+9.3%	35,4 k €	-4.3%	37 k €	+22.1%	30,3 k €	+7417%	402,8 €	-95.6%	9,1 k €	+2215%	393,7 €	-98.0%	19,4 k €	-39.1%	31,9 k €	+192%	-34,7 k €
Balance sheet
Equity	453,6 k €	-1.4%	460,1 k €	+9.2%	421,5 k €	+9.2%	386,1 k €	+10.6%	349,1 k €	+15.0%	303,5 k €	-49.7%	603,1 k €	+1.5%	594 k €	+0.1%	593,6 k €	+140%	247,2 k €	+14.8%	215,3 k €
Total assets	650,4 k €	+6.7%	609,4 k €	-1.1%	616 k €	+3.7%	593,8 k €	+0.6%	590 k €	-24.4%	780,7 k €	-6.0%	830,2 k €	-2.9%	854,8 k €	-15.6%	1 M €	+17.6%	861,3 k €	+1.4%	849,7 k €
Cash	262,3 k €	+31.4%	199,6 k €	+5.3%	189,6 k €	+75.7%	107,9 k €	+51.5%	71,2 k €	-53.4%	152,9 k €	+34.5%	113,7 k €	+214%	36,2 k €	-52.7%	76,6 k €	+247%	22,1 k €	-49.0%	43,2 k €
Debts	196,8 k €	+31.8%	149,3 k €	-23.2%	194,4 k €	-6.4%	207,7 k €	-13.8%	240,9 k €	-49.5%	477,2 k €	+110%	227,1 k €	-12.9%	260,8 k €	-37.9%	419,6 k €	-31.7%	614,1 k €	-3.2%	634,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,6 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 · 5 ended

Active mandates

Luc VAN HOVE

Director

Active

Ended mandates

Luc Van Hove

Mandate · since 09 mai 2011

Ended

Pascale Van Hove

Mandate · since 09 mai 2011

Ended

Luc Van Hove

Manager

Ended

Pascale Van Hove

Manager · until 30 juin 2018

Ended

At this address

Other companies at this address

Company	CBE no.
4MAT Consulting● Active	0839.443.740
EXPERIENCE ANTWERP● Active	0746.766.376

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	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	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	04/05/2026	15/05/2025	23/04/2024	30/06/2023	21/06/2022	25/06/2021
General meeting	24/04/2026	25/04/2025	22/04/2024	27/06/2023	20/05/2022	21/05/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/04/2026	04/05/2026	Dutch	PDF
Abridged model	31/12/2024	25/04/2025	15/05/2025	Dutch	PDF
Abridged model	31/12/2023	22/04/2024	23/04/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	21/05/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	24/04/2020	26/05/2020	Dutch	PDF
Abridged model	31/12/2018	26/04/2019	17/05/2019	Dutch	PDF
Abridged model	31/12/2017	27/04/2018	25/05/2018	Dutch	PDF
Abridged model	31/12/2016	28/04/2017	09/05/2017	Dutch	PDF
Abridged model	31/12/2015	29/02/2016	01/04/2016	Dutch	PDF
Abridged model	31/12/2014	07/03/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/04/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	26/04/2013	30/07/2013	Dutch	PDF

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 · 5 ended

Active mandates

Luc VAN HOVE

Director

Active

Ended mandates

Luc Van Hove

Mandate · since 09 mai 2011

Ended

Pascale Van Hove

Mandate · since 09 mai 2011

Ended

Luc Van Hove

Manager

Ended

Pascale Van Hove

Manager · until 30 juin 2018

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring30/06/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/05/2014
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other11/05/2011
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

2025
Annual accounts 202543,5 k €↑
2024
Annual accounts 202438,7 k €↑
2023
Annual accounts 202335,4 k €↓
2022
Annual accounts 202237 k €↑
2021
Annual accounts 202130,3 k €↑
2018
Annual accounts 2018402,8 €↓
2017
Annual accounts 20179,1 k €↑
2016
Annual accounts 2016393,7 €↓
2015
Annual accounts 201519,4 k €↓
2013
Annual accounts 201331,9 k €↑
2012
Annual accounts 2012-34,7 k €
09/05/2011
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

INDIAN CAPS

Overview

What does INDIAN CAPS do?

Trend over 11 financial years

Indicative valuation

Board of directors

Other companies at this address

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