Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ETS M CAPELLE from Eghezée, company number BE0505715537, closed financial year 2025 with a result of € 2,341 after tax. For that financial year ETS M CAPELLE recorded a gross margin of € 44,658 and equity of € -14,470. Compared with financial year 2024, the result moved from € -5,769 to € 2,341. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ -14,470
▲ € 2,341 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,341
▲ still € 5,769 loss in 2024
Profit after tax over the fiscal year.
€ 23,266
▲ 279% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -26,870.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 42,792
▲ 193% 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.
€ 1,359
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7,734
Loans from banks and other lenders, long and short.
€ 25,007
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,498
▲ 184% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,171 | € -9,089 | € 18,061 | € 44,658 | ▲ 147% |
| Profit after taxes | € -1,778 | € -11,668 | € -5,769 | € 2,341 | ▲ € 8,110 |
| Equity | € 625 | € -11,042 | € -16,811 | € -14,470 | ▲ € 2,341 |
| Total debts | € 15,469 | € 26,559 | € 47,903 | € 48,894 | ▲ 2% |
| Cash | € 4,030 | € 1,011 | € 6,135 | € 23,266 | ▲ 279% |
| Retained profit | € -11,775 | € -23,442 | € -29,211 | € -26,870 | ▲ € 2,341 |
| Bank debt | € 8,804 | € 7,734 | € 7,734 | € 7,734 | |
| Balance sheet total | € 16,095 | € 15,516 | € 31,091 | € 34,424 | ▲ 11% |
Key figures of ETS M CAPELLE, 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 ETS M CAPELLE?
What happened at ETS M CAPELLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,341. filed late Source: NBB ↗
- New establishment in Eghezée. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,778 loss in 2022 to € 2,341 profit in 2025.
Paid € 4,374 in corporate taxes since 2022.
Best year ever: 2025, with € 2,341 profit.
Management
Behind ETS M CAPELLE is Michel CAPELLE.
Directors
According to the 2025 annual accounts
Michel CAPELLE
Director
Establishments
Establishment units
Physical locations of this company
Rue de la Terre Franche,Long. 68
5310 Eghezée
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0505.715.537
- VAT number
- BE 0505.715.537
- Registered office
- Rue de la Terre Franche,Long. 68, 5310 Eghezée
- Names & denominations
- ETS M CAPELLE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 2014
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Installatie van isolatie
Plaatsen van vloerbedekking en wandbekleding van hout
Isolatiewerkzaamheden
Ondersteunende activiteiten in verband met de teelt van gewassen
Vervaardiging van ander schrijn- en timmerwerk
Vervaardiging van artikelen van draad en van kettingen en veren
Houwen, bewerken en afwerken van natuursteen