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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KAPA from Jabbeke, company number BE0465416589, closed financial year 2025 with a result of € -124,698 after tax. For that financial year KAPA recorded a gross margin of € -19,794 and equity of € 1 million. Compared with financial year 2024, the result moved from € 177,766 to € -124,698. 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 16, 2026.
€ 1 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -124,698
▼ still € 177,766 profit in 2024
Profit after tax over the fiscal year.
€ 13,033
▲ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 957,584.
Debts at end 2025
€ 103,893
Loans from banks and other lenders, long and short.
€ 24
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 620
▼ 97% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,701 | € -4,264 | € -6,570 | € -19,794 | ▼ € 13,224 |
| Profit after taxes | € 11,076 | € 1,179 | € 177,766 | € -124,698 | ▼ € 302,464 |
| Equity | € 965,337 | € 966,516 | € 1,144,282 | € 1,019,584 | ▼ 11% |
| Total debts | € 875,964 | € 840,625 | € 858,288 | € 837,268 | ▼ 2% |
| Cash | € 456,665 | € 532,889 | € 10,833 | € 13,033 | ▲ 20% |
| Retained profit | € 903,337 | € 904,516 | € 1,082,282 | € 957,584 | ▼ 12% |
| Bank debt | € 103,893 | € 103,893 | € 103,893 | € 103,893 | |
| Balance sheet total | € 1,841,301 | € 1,807,141 | € 2,002,570 | € 1,856,852 | ▼ 7% |
Key figures of KAPA, 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 KAPA?
What happened at KAPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 124,698 (▼ € 302,464 vs 2024). Source: NBB ↗
- New establishment in Jabbeke. KBO
- Start of the company according to the CBE. KBO
- Katty Despiegelaere became a director. NBB
- Patrick Vermeersch became a director. NBB
In short
From € 11,076 profit in 2022 to € 124,698 loss in 2025.
Paid € 34,970 in corporate taxes since 2022.
Best year ever: 2024, with € 177,766 profit.
Management
Behind KAPA are Katty Despiegelaere and Patrick Vermeersch.
Directors
According to the 2025 annual accounts
Katty Despiegelaere
Director
since 1999
Patrick Vermeersch
Managing director
since 1999
Establishments
Establishment units
Physical locations of this company
D'Hooghe Noene 25
8490 Jabbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.416.589
- VAT number
- BE 0465.416.589
- Registered office
- D'Hooghe Noene 25, 8490 Jabbeke
- Names & denominations
- KAPA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 February 1999
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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