Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CAPITOLE from Aalst, company number BE0455158048, closed financial year 2025 with a result of € -391,545 after tax. For that financial year CAPITOLE recorded a gross margin of € 892,494 and equity of € 290,418. Compared with financial year 2024, the result moved from € -105,797 to € -391,545. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 290,418
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -391,545
▼ 270 % more loss than in 2024
Profit after tax over the fiscal year.
€ 128,333
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
People and assets in 2025
10.7
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 523,955
▲ 12% vs 2024
€ 49,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 201,761
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 68,024
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 953,642 | € 1,241,333 | € 1,246,612 | € 892,494 | ▼ 28% |
| Profit after taxes | € -125,596 | € -47,605 | € -105,797 | € -391,545 | ▼ € 285,748 |
| Equity | € 240,365 | € 492,760 | € 386,963 | € 290,418 | ▼ 25% |
| Total debts | € 615,546 | € 687,072 | € 343,142 | € 473,403 | ▲ 38% |
| Cash | € 156,594 | € 265,180 | € 158,333 | € 128,333 | ▼ 19% |
| Retained profit | € -515,074 | € -562,679 | € -668,476 | € -1,060,021 | ▼ € 391,545 |
| Balance sheet total | € 855,911 | € 1,179,832 | € 759,463 | € 763,821 | ▲ 1% |
| Employees (FTE) | 9.2 | 8.8 | 10 | 10.7 | ▲ 0.7 |
Key figures of CAPITOLE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CAPITOLE?
What happened at CAPITOLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pivanto BV stepped down as director. NBB
- Odds & Overlay BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 391,545. Source: NBB ↗
- Eamonn O'Loughlin stepped down as director. NBB
- Pivanto BV became a director. NBB
- Eamonn O'Loughlin became a director. NBB
- Odds & Overlay BV became a director. NBB
- New establishment in De Panne. KBO
In short
From € 125,596 loss in 2022 to € 391,545 loss in 2025.
On average € 83,400 of value added per employee in 2025.
Management
The shares are held by Napoleon Games (100%). It owns 50% of M Capitole itself.
Directors
According to the 2025 annual accounts
Director · represented by Philippe Joos
Also active at: E.C.K., E.T.C. EUROPA TECHNICS & Cie, NAPOLEON GAMES, OLYMPIAN GAMES, LAGAUT, SNOOK, DE CEUSTER CONTINENTAL, LUNATIM +22 more
since 2024 · until 2030
Eamonn O'Loughlin
Director
Also active at: E.C.K., E.T.C. EUROPA TECHNICS & Cie, NAPOLEON GAMES, OLYMPIAN GAMES, LAGAUT, SNOOK, DE CEUSTER CONTINENTAL, LUNATIM +17 more
since 2022 · until 2025
Managing director · represented by Tom De Clercq
Also active at: E.C.K., E.T.C. EUROPA TECHNICS & Cie, NAPOLEON GAMES, OLYMPIAN GAMES, LAGAUT, SNOOK, DE CEUSTER CONTINENTAL, LUNATIM +22 more
since 2015 · until 2028
Shareholders
100%
Participations
50%
Establishments
Establishment units
Physical locations of this company
Korte Keppestraat 23
9320 Aalst
Breydelstraat 14
2018 Antwerpen
Active since 23 November 1998
Zeelaan 168
8660 De Panne
Active since 3 July 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
All companies at this address →OLYMPIAN GAMES same network
€ 556,902 gross margin · 2025
SNOOK same network
€ 941,858 gross margin · 2025
DE CEUSTER CONTINENTAL same network
€ 1.4 million gross margin · 2025
LUNATIM same network
€ -64,151 gross margin · 2025
SPEELHAL.NET same network
€ 2.5 million gross margin · 2025
+50 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0455.158.048
- VAT number
- BE 0455.158.048
- Registered office
- Korte Keppestraat 23, 9320 Aalst
- Names & denominations
- CAPITOLE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 1995
- Peppol
- Active · Active since 1 Aug 2021
- Activities · NACE
Activiteiten van loterijen en kansspelen
Exploitatie van recreatiedomeinen
Exploitatie van recreatieparken, lunaparken en dergelijke
Activiteiten van eetgelegenheden met volledige bediening
Cafés en bars
Cafés
Restaurants van het traditionele type
Eetgelegenheden met volledige bediening