Warning lights
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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
52 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
KAPCARE from Oudergem, company number BE0680977810, closed financial year 2024 with a result of € -1.4 million after tax. For that financial year KAPCARE recorded a gross margin of € 114,101 and equity of € 384,155. Compared with financial year 2023, the result moved from € -2 million to € -1.4 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2025.
€ 384,155
▲ € 1.5 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
▲ 31 % less loss than in 2023
Profit after tax over the fiscal year.
€ 3,773
▼ 82% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.3 million.
People and assets in 2024
€ 849,014
▼ 33% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 8,713
▲ 12% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.3 million
▼ 60% vs 2023
€ 271,725 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 680,680
▲ 14% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 158,624
▼ 14% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -166,845 | € -317,244 | € -224,243 | € 114,101 | ▲ € 338,344 |
| Profit after taxes | € -1,030,633 | € -1,695,845 | € -2,046,513 | € -1,416,818 | ▲ € 629,695 |
| Equity | € 2,656,043 | € 879,363 | € -1,118,865 | € 384,155 | ▲ € 1.5 million |
| Total debts | € 541,150 | € 2,243,105 | € 4,321,854 | € 2,394,805 | ▼ 45% |
| Cash | € 1,448,441 | € 140,315 | € 20,932 | € 3,773 | ▼ 82% |
| Retained profit | € -2,112,099 | € -3,807,944 | € -5,854,458 | € -7,271,276 | ▼ € 1.4 million |
| Bank debt | € 112,500 | € 1,012,500 | € 3,267,706 | € 1,314,346 | ▼ 60% |
| Balance sheet total | € 3,267,175 | € 3,171,175 | € 3,273,462 | € 2,822,811 | ▼ 14% |
Key figures of KAPCARE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to KAPCARE?
What happened at KAPCARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
KAPCARE is active according to the CBE. Legal situation: Opening faillissement.
- MVC Consulting stepped down as director. NBB
- Scale II stepped down as director. NBB
- EEBIC Ventures stepped down as director. NBB
- Financiere Sud Sante stepped down as director. NBB
- Kap'S stepped down as director. NBB
- Lepoutre Consult stepped down as director. NBB
- Emmanuel CAEYMAEX stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.4 million. Source: NBB ↗
In short
From € 1 million loss in 2021 to € 1.4 million loss in 2024.
Paid € 41,765 in corporate taxes since 2021.
A new publication or filing at KAPCARE? 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
The stake of THEODORUS IV, FINANCIERE SUD SANTE, SEEDER FUND, SCALE II, KAP'S, BRUSTART BY FINANCE&INVEST.BRUSSELS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KAPCAREThe shares are held by THEODORUS IV (29.7%), FINANCIERE SUD SANTE (22.8%), SEEDER FUND (11.7%), SCALE II (9.8%), KAP'S (1%) and BRUSTART BY FINANCE&INVEST.BRUSSELS (0.1%).
Directors
According to the 2024 annual accounts
since 2019 · until 2027
Director · represented by Alexandre Dutoit
Also active at: REGENERATION, INKCOMING, MOONBIRD
since 2021 · until 2027
Director · represented by Adrien Van Den Borght
Also active at: EEBIC, BE ANGELS, Brussels South Charleroi BioPark Dev, THEODORUS III, THEODIRIS, ALLERINVEST, KABANDY, SEEDER FUND +13 more
since 2019 · until 2027
Director · represented by Marcel Hermann
since 2021 · until 2027
Director · represented by Philippe Kaplan
since 2019 · until 2027
Director · represented by Damien Lamy
since 2019 · until 2027
since 2021 · until 2027
Shareholders
29.7%
22.8%
11.7%
9.8%
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vrijwilligerslaan 19
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 52 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0680.977.810
- VAT number
- BE 0680.977.810
- Registered office
- Vrijwilligerslaan 19, 1160 Oudergem
- Names & denominations
- KAPCARE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 13 September 2017
- Peppol
- Not registered
- Activities · NACE
Groothandel in farmaceutische en medische artikelen