Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 1 to 0.4.
Financials
Financial year 2025
CAPITOLE from Gent, company number BE0466183285, closed financial year 2025 with a result of € -142,526 after tax. For that financial year CAPITOLE recorded revenue of € 498,636 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 80,482 to € -142,526. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 22, 2026.
€ 1.6 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -142,526
▼ still € 80,482 profit in 2024
Profit after tax over the fiscal year.
€ 12,160
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -78,141.
People and assets in 2025
0.4
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 38,720
▼ 36% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 418
▼ 62% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.6 million
▲ 40% vs 2024
€ 190,433 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 400,623
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,836
▼ 91% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 406,688 | € 520,115 | € 487,362 | € 498,636 | ▲ 2% |
| Gross margin | € 594,079 | € 633,431 | € 594,314 | € 506,765 | ▼ 15% |
| Profit after taxes | € 14,940 | € 110,057 | € 80,482 | € -142,526 | ▼ € 223,008 |
| Equity | € 1,784,305 | € 1,823,734 | € 1,833,589 | € 1,620,436 | ▼ 12% |
| Total debts | € 4,454,764 | € 4,299,365 | € 4,387,204 | € 6,334,731 | ▲ 44% |
| Cash | € 37,597 | € 31,898 | € 23,944 | € 12,160 | ▼ 49% |
| Land & buildings | € 2,857,094 | € 2,441,139 | € 2,198,384 | € 3,389,499 | ▲ 54% |
| Retained profit | € -126,155 | € -16,098 | € 64,384 | € -78,141 | ▼ € 142,526 |
| Bank debt | € 3,567,675 | € 3,763,868 | € 3,281,422 | € 4,593,586 | ▲ 40% |
| Balance sheet total | € 6,239,069 | € 6,123,099 | € 6,220,793 | € 7,955,166 | ▲ 28% |
| Employees (FTE) | 1 | 1 | 0.8 | 0.4 | ▼ 0.4 |
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 3 March 2027.
What happened to CAPITOLE?
What happened at CAPITOLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 142,526 (▼ € 223,008 vs 2024). Source: NBB ↗
- ALPA NV stepped down as director. NBB
- MUSIC HALL GROUP NV stepped down as director. NBB
- ALPA NV became a director. NBB
- MUSIC HALL GROUP NV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,940 profit in 2022 to € 142,526 loss in 2025.
Paid € 40,610 in corporate taxes since 2022.
Best year ever: 2023, with € 110,057 profit.
On average € 633,400 of value added per employee in 2023.
Management
The shares are held by Vorst Nationaal NV (100%) and Geert Allaert (0%).
Directors
According to the 2025 annual accounts
Managing director · represented by Geert Allaert
Also active at: MUSIC HALL PRODUCTIONS, Music Hall Group, VORST NATIONAAL - FOREST NATIONAL, STADSSCHOUWBURG ANTWERPEN NV, CONNECT, Musical Rainbows, Music Hall Classics
since 2019 · until 2025
Director · represented by Amélie Allaert
Owns 100% via Vorst Nationaal NV
Also active at: VORST NATIONAAL - FOREST NATIONAL, STADSSCHOUWBURG ANTWERPEN NV, CONNECT
since 2019 · until 2025
Shareholders
Vorst Nationaal NV · holding of MUSIC HALL GROUP NV
100%
Geert Allaert
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Graaf van Vlaanderenplein 7
9000 Gent
Graaf van Vlaanderenplein 5
9000 Gent
Active since 23 November 1999
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →ALPA same network
€ 101,857 gross margin · 2025
MUSIC HALL PRODUCTIONS same network
€ 93 gross margin · 2025
Music Hall Group same network
€ 180,000 revenue · 2025
VORST NATIONAAL - FOREST NATIONAL same network
€ 1.6 million revenue · 2025
STADSSCHOUWBURG ANTWERPEN NV same network
€ 782,780 revenue · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
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Website info
Features
Security
Details
- Company number
- 0466.183.285
- VAT number
- BE 0466.183.285
- Registered office
- Graaf van Vlaanderenplein 7, 9000 Gent
- Names & denominations
- CAPITOLE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 June 1999
- Peppol
- Active · Active since 27 Nov 2025
- Contact
- capitolegent.be
- Activities · NACE
Exploitatie van schouwburgen, concertzalen en dergelijke
Organisatie van congressen en beurzen
Organisatie van salons, tentoonstellingen en beurzen