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Cap Horizon

Active
Public limited companyfounded 196165 years activeWoudlaan 2, 1050 Elsene, BelgiumKBO/BCE: BE 0400.654.837
Summary

Cap Horizon has been active since 1961 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€91,217) and a net result of €14,325. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 5% of 9,638 sector peers (NACE 46, fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Wholesale trade
NACE 46713
1 site
Size
€52,510total assets 2025
Equity
-€91,217
Profit
€14,325
Turnover not published (abridged schema)
Financial health
55 Fair Checked score 2025
Bankruptcy probability, 12 months
0.6%
Structure
Accounts 32 days early0 of 1 deed read
Why 55Capped at 59: negative equity- Negative equity -€91,217- Liquidity: current ratio 0.01, cash €413, halved+ Size: total assets €52,510+ Founded in 1961Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 43% of its sector peers (NACE 46, micro)
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -173.7% of total assets
Liquidity 1-43
short-term debt 273.7% · cash 0.8%
Profitability 100=
return on assets 27.3%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%● unchanged vs 11-2024 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.7%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -1.5 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.6%▲ +0.4 percentage points vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
No credit on open account
Liquidity short (current ratio 0.01 against 0.13 in 2024; short-term debt: 273.7% and cash: 0.8% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 6% on solvency, 4% on liquidity, 95% on profitability and 69% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €52,510
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€91,217
NBB · annual accounts
lowers risk · Founded in 1961
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 0.01, cash €413, halved
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9638 sector peers (2025).
NBB · sector comparison
Position among 9638 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 days early
2024
22 days early
2023
16 days early
2022
4 days early
2021
31 days late
2020
30 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Back to profitnet €23,011

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€91,217 View
  • Caution: Among the weakest 5% on solvencysector median 43.6% · 9,638 companies -173.7% View
  • Active since 1961founded 18-02-1961 65 years View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€52,510
Profit
€14,325
Solvency
-173.7%
Total assets▲ 67.7%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 15-07-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 27-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46713
Founded
18-02-1961
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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