Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
CAP SUD-EST from Mons, company number BE0546555804, closed financial year 2025 with a result of € -201,453 after tax. For that financial year CAP SUD-EST recorded revenue of € 454,020 and equity of € 144,289. Compared with financial year 2024, the result moved from € 65,432 to € -201,453. The company made a loss. The buffer shrank hard: equity is 58 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 144,289
▼ 58% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -201,453
▼ still € 65,432 profit in 2024
Profit after tax over the fiscal year.
€ 107,550
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 21,639.
People and assets in 2025
0.8
Average over the fiscal year, from the social balance sheet.
€ 41,681
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 41,968
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 29,956
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 7,316
▼ 89% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 249,520 | € 334,520 | € 484,520 | € 454,020 | ▼ 6% |
| Profit after taxes | € -1,228 | € 86,181 | € 65,432 | € -201,453 | ▼ € 266,885 |
| Equity | € 194,128 | € 280,310 | € 345,742 | € 144,289 | ▼ 58% |
| Total debts | € 2,629,463 | € 2,537,798 | € 4,801,898 | € 6,013,582 | ▲ 25% |
| Cash | € 195,260 | € 201,535 | € 104,017 | € 107,550 | ▲ 3% |
| Land & buildings | € 2,018,050 | € 1,964,771 | € 3,968,230 | € 5,637,349 | ▲ 42% |
| Retained profit | € 82,628 | € 157,660 | € 223,092 | € 21,639 | ▼ 90% |
| Balance sheet total | € 2,823,591 | € 2,818,107 | € 5,147,639 | € 6,157,871 | ▲ 20% |
| Employees (FTE) | - | - | - | 0.8 |
Key figures of CAP SUD-EST, 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 CAP SUD-EST?
What happened at CAP SUD-EST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 201,453 (▼ € 266,885 vs 2024). Source: NBB ↗
- Isabelle BULTOT became a director. NBB
- Vincent BULTOT became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Mons. KBO
In short
From € 1,228 loss in 2022 to € 201,453 loss in 2025.
Paid € 190,925 in corporate taxes since 2022.
Best year ever: 2023, with € 86,181 profit.
Pays suppliers within 60 days on average.
A new publication or filing at CAP SUD-EST? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind CAP SUD-EST are Isabelle BULTOT and Vincent BULTOT. Isabelle BULTOT is also behind GESTION VIE SOCIALE and SAPI MASNUY IMMO. Vincent BULTOT is also behind M.D.M., SAINTE-HELENE, DUNAN and MAIGRET.
Directors
According to the 2025 annual accounts
since 2019
since 2019
Establishments
Establishment units
Physical locations of this company
Rue des Fusillés 11
7020 Mons
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 →M.D.M. same network
€ 483,752 revenue · 2025
SAPI 26
€ 53,485 revenue · 2025
SAINTE-HELENE same network
€ 367,461 revenue · 2025
UNITE BULTOT
DUNAN same network
€ 264,725 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.
Details
- Company number
- 0546.555.804
- VAT number
- BE 0546.555.804
- Registered office
- Rue des Fusillés 11, 7020 Mons
- Names & denominations
- CAP SUD-EST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 February 2014
- Peppol
- Active · Active since 1 Apr 2025
- Activities · NACE
Activiteiten van bedrijfs- en werkgeversorganisaties
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Handel in eigen onroerend goed