Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
CAPRICORN HEALTH-TECH FUND from Leuven, company number BE0823483676, closed financial year 2025 with a result of € -8.4 million after tax. For that financial year CAPRICORN HEALTH-TECH FUND recorded a gross margin of € -22,478 and equity of € 15.4 million. Compared with financial year 2024, the result moved from € -6.5 million to € -8.4 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 April 28, 2026.
€ 15.4 million
▼ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.4 million
▼ 30 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.9 million
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.2 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -674,660 | € -260,613 | € -166,735 | € -22,478 | ▲ € 144,257 |
| Profit after taxes | € 4,938,398 | € 9,130,297 | € -6,471,514 | € -8,401,105 | ▼ € 1.9 million |
| Equity | € 27,991,463 | € 32,683,894 | € 21,481,354 | € 15,437,741 | ▼ 28% |
| Total debts | € 11,473 | € 41,474 | € 34,953 | € 5,519 | ▼ 84% |
| Cash | € 1,263,409 | € 1,080,163 | € 2,994,783 | € 1,936,492 | ▼ 35% |
| Retained profit | € 12,902,287 | € 22,032,584 | € 15,561,070 | € 7,159,965 | ▼ 54% |
| Balance sheet total | € 28,002,936 | € 32,775,368 | € 21,566,307 | € 15,493,260 | ▼ 28% |
Key figures of CAPRICORN HEALTH-TECH FUND, 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 CAPRICORN HEALTH-TECH FUND?
What happened at CAPRICORN HEALTH-TECH FUND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CAPRICORN HEALTH-TECH FUND is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 8.4 million. Source: NBB ↗
- CAPRICORN PARTNERS NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4.9 million profit in 2022 to € 8.4 million loss in 2025.
Paid € 975,908 in corporate taxes since 2022.
Best year ever: 2023, with € 9.1 million profit.
Management
The stake of Participatiemaatschappij Vlaanderen, Wallonie Entreprendre, FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CAPRICORN HEALTH-TECH FUNDBehind CAPRICORN HEALTH-TECH FUND is CAPRICORN PARTNERS NV. The shares are held by Participatiemaatschappij Vlaanderen (11.9%), Wallonie Entreprendre (11.9%) and FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ (11.9%). It owns 16% of iSTAR MEDICAL itself.
Directors
According to the 2025 annual accounts
Liquidator · represented by SABINE VERMASSEN
Also active at: TS FLANDERS, CAPRICORN ICT ARKIV, Sensolus, REIN4CED, Confo Therapeutics, Minze, ViroVet, STORY CHIEF +22 more
since 2025
Shareholders
Participations
16%
Establishments
Establishment units
Physical locations of this company
Lei 19 box 15
3000 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →De Jonge St. Jacob
€ 231,615 gross margin · 2025
CAPRICORN PARTNERS same network
EASDAQ
€ 10.4 million revenue · 2025
QUEST FOR GROWTH
Capricorn Fusion China Fund same network
€ -763,739 gross margin · 2025
+4 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
- 0823.483.676
- VAT number
- BE 0823.483.676
- Registered office
- Lei 19 bus 15, 3000 Leuven
- Names & denominations
- CAPRICORN HEALTH-TECH FUND · CHF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 26 February 2010
- Peppol
- Not registered