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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CAPENTI from Gent, company number BE0775684254, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year CAPENTI recorded revenue of € 1.8 million and equity of € 20.5 million. Compared with financial year 2024, the result moved from € -516,069 to € -1.1 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 20.5 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 114 % more loss than in 2024
Profit after tax over the fiscal year.
€ 45,449
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.3 million.
Debts at end 2025
€ 21.2 million
▲ 4% vs 2024
€ 3.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 39,113
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 8 days on average.
€ 2,800
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 1,514,894 | € 1,759,762 | ▲ 16% |
| Gross margin | € 92,193 | € 99,760 | - | - | |
| Profit after taxes | € 2,401,736 | € 4,543,585 | € -516,069 | € -1,104,795 | ▼ € 588,726 |
| Equity | € 11,651,736 | € 19,695,320 | € 21,043,272 | € 20,544,877 | ▼ 2% |
| Total debts | € 12,151,583 | € 16,580,903 | € 22,239,393 | € 28,923,959 | ▲ 30% |
| Cash | € 257,164 | € 185,188 | € 70,852 | € 45,449 | ▼ 36% |
| Retained profit | € 2,401,736 | € 6,945,320 | € 6,429,251 | € 5,324,456 | ▼ 17% |
| Bank debt | € 11,205,063 | € 16,398,337 | € 20,439,526 | € 21,225,843 | ▲ 4% |
| Balance sheet total | € 23,803,319 | € 36,276,224 | € 43,282,665 | € 49,468,836 | ▲ 14% |
Key figures of CAPENTI, 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 CAPENTI?
What happened at CAPENTI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Myriam Vangenechten stepped down as director. NBB
- Gert Van Huffel stepped down as director. NBB
- Fruit 3 CommV stepped down as director. NBB
- Gerd Smeets stepped down as director. NBB
- Truocaled CommV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.1 million. Source: NBB ↗
- Myriam Vangenechten became a director. NBB
- Truocaled CommV became a director. NBB
In short
From € 2.4 million profit in 2022 to € 1.1 million loss in 2025.
Best year ever: 2023, with € 4.5 million profit.
Pays suppliers within 8 days on average.
Management
The stake of KeBeK III comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CAPENTIThe shares are held by KeBeK III (44.2%). It owns 100% of MindsInvest, 100% of Schelstraete Delacourt, 100% of Apollo Executive Search B.V., 100% of HR ONE GROUP and 60% of M&S Invest itself.
Directors
According to the 2025 annual accounts
Gert Van Huffel
Director
Also active at: METAALCONSTRUCTIE VANDERSCHEUREN, TAILORMADE LOGISTICS, Dekabo, TAILORMADE TRANSPORT, GERT VAN HUFFEL, KeBeK Management, AGFG, VEDES INVEST +14 more
since 2021 · until 2027
Director · represented by Frank Schelstraete
since 2021 · until 2027
Myriam Vangenechten
Director
since 2023 · until 2028
since 2021 · until 2027
Director · represented by Vanessa Delacourt
since 2021 · until 2027
Shareholders
44.2%
Participations
100%
Apollo Executive Search B.V.
100%
100%
60%
Establishments
Establishment units
Physical locations of this company
Bagattenstraat 165
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0775.684.254
- VAT number
- BE 0775.684.254
- Registered office
- Bagattenstraat 165, 9000 Gent
- Names & denominations
- CAPENTI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 October 2021
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van holdings
Holdings