Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
CAPPELLE FRERES from Courcelles, company number BE0437742390, closed financial year 2026 with a result of € -243,431 after tax. For that financial year CAPPELLE FRERES recorded a gross margin of € 152,891 and equity of € 10,679. Compared with financial year 2025, the result moved from € 18,626 to € -243,431. The company made a loss. The buffer shrank hard: equity is 96 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2026.
€ 10,679
▼ 96% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -243,431
▼ still € 18,626 profit in 2025
Profit after tax over the fiscal year.
€ 61,043
▲ 131% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -126,221.
People and assets in 2026
€ 344,260
▲ € 344,063 vs 2025
Of which on lease € 339,914.
Debts at end 2026
€ 2.6 million
▲ 23% vs 2025
€ 321,576 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 411,197
▼ 7% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 577,638 | € 706,484 | - | - | |
| Gross margin | € 141,757 | € 258,970 | € 471,396 | € 152,891 | ▼ 68% |
| Profit after taxes | € -225,518 | € -137,090 | € 18,626 | € -243,431 | ▼ € 262,058 |
| Equity | € 410,086 | € 258,211 | € 269,681 | € 10,679 | ▼ 96% |
| Total debts | € 2,666,771 | € 2,913,780 | € 2,779,779 | € 3,503,512 | ▲ 26% |
| Cash | € 29,278 | € 3,797 | € 26,442 | € 61,043 | ▲ 131% |
| Land & buildings | € 879,911 | € 840,505 | € 814,637 | € 831,950 | ▲ 2% |
| Retained profit | € 235,674 | € 98,583 | € 117,210 | € -126,221 | ▼ € 243,431 |
| Bank debt | € 2,237,486 | € 2,154,448 | € 2,115,648 | € 2,606,688 | ▲ 23% |
| Balance sheet total | € 3,152,078 | € 3,228,407 | € 3,087,071 | € 3,532,996 | ▲ 14% |
Key figures of CAPPELLE FRERES, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to CAPPELLE FRERES?
What happened at CAPPELLE FRERES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Céline CAPPELLE stepped down as director. NBB
- Eric CAPPELLE stepped down as director. NBB
- José CAPPELLE stepped down as director. NBB
- Cédric CAPPELLE stepped down as director. NBB
- Ingrid CAPPELLE stepped down as director. NBB
- Michel CAPPELLE stepped down as director. NBB
- Bernadette HIROUX stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 243,431 (▼ € 262,058 vs 2025). Source: NBB ↗
In short
From € 225,518 loss in 2023 to € 243,431 loss in 2026.
Best year ever: 2025, with € 18,626 profit.
Management
Directors
According to the 2026 annual accounts
Céline CAPPELLE
Director
since 2024 · until 2029
Eric CAPPELLE
Director
since 2024 · until 2029
José CAPPELLE
Managing director
since 2024 · until 2029
Cédric CAPPELLE
Director
since 2024 · until 2029
Ingrid CAPPELLE
Director
since 2024 · until 2029
Michel CAPPELLE
Director
since 2024 · until 2029
Bernadette HIROUX
Managing director
since 2024 · until 2029
Establishments
Establishment units
Physical locations of this company
Rue Joseph L'hoir(GY) 98
6181 Courcelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.742.390
- VAT number
- BE 0437.742.390
- Registered office
- Rue Joseph L'hoir(GY) 98, 6181 Courcelles
- Names & denominations
- CAPPELLE FRERES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 June 1989
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Ondersteunende activiteiten in verband met de teelt van gewassen
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken