<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<ReportingInfo version="1.0">
	<fromDate>2026-01-01</fromDate>
	<toDate>2026-09-30</toDate>
	<createDate>2026-10-28</createDate>
	<personName>Кепитъл Мениджмънт АДСИЦ</personName>
	<persontype>АДСИЦ</persontype>
	<eik>131550438</eik>
	<represents>Владимир Малчев, Христо Христов</represents>
	<representsType>Заедно</representsType>
	<addressMain>гр. София, бул. България  39</addressMain>
	<addressCorrespondence>гр. София, бул. България  39</addressCorrespondence>
	<telephone>+359 2 980 57 01</telephone>
	<fax>+359 2 980 57 01</fax>
	<email>n.georgieva@capitalmanagement-bg.com</email>
	<website>www.capitalmanagement-bg.com/</website>
	<media>www.infostock.bg</media>
	<creator>Кроу България Адвайзъри ЕООД</creator>
	<position>Съставител</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment/>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn/>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesCustomersSuppliers>14135</receivablesCustomersSuppliers>
						<others>51908</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading/>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsTimeDeposits>25</finAssetsTimeDeposits>
					</cashAndCashEquivalents>
					<futureExpenses>38</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>897</registeredContributedCapital>
						<ordinaryShares>897</ordinaryShares>
					</capitalStock>
					<reserves>
						<premReserves>30819</premReserves>
						<targetReserve>
							<otherReserves>4039</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>6400</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>850</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<bondLoans>14926</bondLoans>
					</commercialOtherObligations>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentPartNonCurrentLiabilities>1200</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsSuppliersCustomers>370</obligationsSuppliersCustomers>
						</currentObligations>
						<others>6605</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment/>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn/>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<futureExpenses>11</futureExpenses>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesCustomersSuppliers>12595</receivablesCustomersSuppliers>
						<others>52747</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading/>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsTimeDeposits>19</finAssetsTimeDeposits>
					</cashAndCashEquivalents>
					<futureExpenses>41</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>899</registeredContributedCapital>
						<ordinaryShares>899</ordinaryShares>
					</capitalStock>
					<reserves>
						<premReserves>30819</premReserves>
						<targetReserve>
							<otherReserves>4039</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>6017</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>381</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<bondLoans>15953</bondLoans>
					</commercialOtherObligations>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentPartNonCurrentLiabilities>2119</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsSuppliersCustomers>198</obligationsSuppliersCustomers>
						</currentObligations>
						<others>4988</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costsForExternalServices>243</costsForExternalServices>
						<remunerationExpenses>81</remunerationExpenses>
						<insuranceCosts>5</insuranceCosts>
						<others>2</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>531</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>357</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>33</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales/>
					<financialIncome>
						<interestIncome>1783</interestIncome>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>204</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>115</others>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costsForExternalServices>189</costsForExternalServices>
						<remunerationExpenses>88</remunerationExpenses>
						<insuranceCosts>6</insuranceCosts>
						<others>2</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>423</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>189</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<negativeDifferencesFromChangesInExchangeRates>13</negativeDifferencesFromChangesInExchangeRates>
						<others>43</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales/>
					<financialIncome>
						<interestIncome>1816</interestIncome>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>128</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>19683</receiptsFromCustomers>
				<paymentsToSuppliers>-17266</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-86</paymentsRelatedToRemuneration>
				<interestReceived>154</interestReceived>
				<otherReceiptsPaymentsFromOperationalActivity>-3</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity/>
			<cashFlowsFromFinancialActivity>
				<loansPaid>-2000</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-380</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
				<otherReceiptsPaymentsFromFinancialActivity>-96</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>19</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>25</availabilityInCashAndBank>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>18110</receiptsFromCustomers>
				<paymentsToSuppliers>-30683</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-93</paymentsRelatedToRemuneration>
				<interestReceived>305</interestReceived>
				<otherReceiptsPaymentsFromOperationalActivity>-227</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity/>
			<cashFlowsFromFinancialActivity>
				<proceedsFromIssuingSecurities>14898</proceedsFromIssuingSecurities>
				<loansPaid>-2000</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-250</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
				<otherReceiptsPaymentsFromFinancialActivity>-31</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>5</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>34</availabilityInCashAndBank>
			</cashFlowsPeriodEnd>
		</previous>
	</cashFlows>
	<capital>
		<capitalStock>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<otherAmendments>-2</otherAmendments>
		</capitalStock>
		<premiumReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</premiumReserve>
		<reserveFromSubsequentValuations>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</reserveFromSubsequentValuations>
		<generalTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</generalTargetReserves>
		<specializedTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</specializedTargetReserves>
		<otherTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<balanceAtTheBeginningOfTheReportingPeriod>4039</balanceAtTheBeginningOfTheReportingPeriod>
		</otherTargetReserves>
		<accumulatedProfit>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<otherAmendments>2</otherAmendments>
		</accumulatedProfit>
		<accumulatedLoss>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedLoss>
		<transReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</transReserve>
		<minorityParticipation>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</minorityParticipation>
	</capital>
</ReportingInfo>