Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Capsuul from Gent, company number BE0536277267, closed financial year 2025 with a result of € 5,870 after tax. For that financial year Capsuul recorded a gross margin of € 238,444 and equity of € 319,434. Compared with financial year 2024, the result moved from € 64,920 to € 5,870. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 319,434
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,870
▼ 91% vs 2024
Profit after tax over the fiscal year.
€ 228,378
▼ 9% 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 € 307,034.
People and assets in 2025
€ 205,821
▲ 1% 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.
Debts at end 2025
€ 4,000
Loans from banks and other lenders, long and short.
€ 741
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,614
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 307,621 | € 351,897 | € 294,918 | € 238,444 | ▼ 19% |
| Profit after taxes | € 60,490 | € 87,125 | € 64,920 | € 5,870 | ▼ 91% |
| Equity | € 188,679 | € 275,004 | € 313,564 | € 319,434 | ▲ 2% |
| Total debts | € 89,998 | € 86,496 | € 133,300 | € 159,455 | ▲ 20% |
| Cash | € 112,253 | € 207,634 | € 252,103 | € 228,378 | ▼ 9% |
| Retained profit | € 176,279 | € 262,604 | € 301,164 | € 307,034 | ▲ 2% |
| Dividend | € 800 | € 800 | € 26,360 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 4,000 | € 4,000 | € 4,000 | |
| Balance sheet total | € 278,677 | € 361,500 | € 446,864 | € 478,889 | ▲ 7% |
Key figures of Capsuul, 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 Capsuul?
What happened at Capsuul in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,870 (▼ 91% vs 2024). filed late Source: NBB ↗
- Veluz became a director. NBB
- Charming Kerkhof stepped down as director. NBB
- Charming Kerkhof became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 60,490 profit in 2022 to € 5,870 profit in 2025.
Paid € 91,345 in corporate taxes since 2022.
Best year ever: 2023, with € 87,125 profit.
Paid out € 27,960 in dividends to the owners in total.
Management
Behind Capsuul is Veluz.
Directors
According to the 2025 annual accounts
Director · represented by Charming Kerkhof
since 2024
Charming Kerkhof
Director
since 2016 · until 2024
Establishments
Establishment units
Physical locations of this company
Nederkouter 129
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0536.277.267
- VAT number
- BE 0536.277.267
- Registered office
- Nederkouter 129, 9000 Gent
- Names & denominations
- Capsuul
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2013
- Peppol
- Active · Active since 24 Nov 2023
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