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 15 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
CAPNOR I MidCo from Lasne, company number BE0751925687, closed financial year 2024 with a result of € -367,595 after tax. For that financial year CAPNOR I MidCo recorded a gross margin of € -25,947 and equity of € 10.7 million. Compared with financial year 2023, the result moved from € -27,041 to € -367,595. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 20, 2025.
€ 10.7 million
▲ € 10.4 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -367,595
▼ 1259 % more loss than in 2023
Profit after tax over the fiscal year.
€ 4,581
▲ € 3,915 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -397,694.
Debts at end 2024
€ 43.9 million
▲ 11% vs 2023
Loans from banks and other lenders, long and short.
€ 55
▼ 67% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -21,348 | € -1,131 | € -504 | € -25,947 | ▼ € 25,443 |
| Profit after taxes | € 8,887 | € -11,945 | € -27,041 | € -367,595 | ▼ € 340,553 |
| Equity | € 258,887 | € 246,942 | € 219,901 | € 10,659,095 | ▲ € 10.4 million |
| Total debts | € 13,919,252 | € 23,673,788 | € 40,782,338 | € 56,480,853 | ▲ 38% |
| Cash | € 29 | € 845 | € 665 | € 4,581 | ▲ € 3,915 |
| Retained profit | € 8,887 | € -3,058 | € -30,099 | € -397,694 | ▼ € 367,595 |
| Bank debt | € 13,541,999 | € 23,024,970 | € 39,530,603 | € 43,924,088 | ▲ 11% |
| Balance sheet total | € 14,178,138 | € 23,920,730 | € 41,002,239 | € 67,139,948 | ▲ 64% |
Key figures of CAPNOR I MidCo, 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 CAPNOR I MidCo?
What happened at CAPNOR I MidCo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CAPNOR SRL stepped down as director. NBB
- HECKE PARTNERS SA stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 367,595. filed late Source: NBB ↗
- New establishment in Lasne. KBO
- CAPNOR SRL became a director. NBB
- HECKE PARTNERS SA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 8,887 profit in 2021 to € 367,595 loss in 2024.
Paid € 2,962 in corporate taxes since 2021.
Best year ever: 2021, with € 8,887 profit.
Management
The stake of CAPNOR I comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CAPNOR I MidCoThe shares are held by CAPNOR I (96.8%). It owns 84% of ODE HOLDING AS (ex GADUS) itself.
Directors
According to the 2024 annual accounts
Managing director · represented by LOUIS DE CLERCQ
Also active at: CYJELO, IMOCOBEL, YVES DE CLERCQ, Medi-Market Group, AYDC, CAPNOR I, IMOCOBEL VENTURES, Capnor Holdings +12 more
since 2020 · until 2026
Managing director · represented by JEAN FRANCOIS van HECKE
Also active at: VOORUITZICHT, CYJELO, Participations Financières et Immobilières, IMOCOBEL, LEX 84, DOLCE LA HULPE, IHVentures, PARKIMO +9 more
since 2020 · until 2026
Shareholders
96.8%
Participations
ODE HOLDING AS (ex GADUS)
84%
Establishments
Establishment units
Physical locations of this company
Chaussée de Louvain 479
1380 Lasne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →PROPETAN
€ 187,953 gross margin · 2025
CYJELO same network
€ 122,105 gross margin · 2025
IMOCOBEL same network
€ 127,004 revenue · 2025
OAP - OPEN ADVERTISING AND PROMOTION
€ 9,245 gross margin · 2025
Baudouin RUQUOIS management
€ -1,197 gross margin · 2025
+38 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
- 0751.925.687
- VAT number
- BE 0751.925.687
- Registered office
- Chaussée de Louvain 479, 1380 Lasne
- Names & denominations
- CAPNOR I MidCo
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 August 2020
- Peppol
- Active · Active since 7 Oct 2025