Cap Horizon & Co
ActiveCap Horizon & Co has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90k and a net result of €-22k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 11210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-52
Solvency76▼-14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 2.86 in 2024; short-term debt: 47.2% and cash: 16.8% of total assets), and 49.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.8%
Return on assets
-12.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-22k
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
49 d late
2023
30 d late
2022
31 d late
2021
85 d late
2020
143 d late
2019
108 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€90k▼ 19.3%
2024 · €111k
2018: €34k
2019: €44k
2020: €60k
2021: €65k
2022: €92k
2023: €112k
2024: €111k
2018 → 2025
Total assets
€177k▲ 2.7%
2024 · €172k
2018: €89k
2019: €97k
2020: €95k
2021: €139k
2022: €150k
2023: €177k
2024: €172k
2018 → 2025
Net result
€-22k▼ 2,326%
2024 · €-887
2018: €-4k
2019: €10k
2020: €16k
2021: €6k
2022: €27k
2023: €20k
2024: €-887
2018 → 2025
Working capital
€80k▼ 23.6%
2024 · €105k
2018: €30k
2019: €42k
2020: €59k
2021: €65k
2022: €86k
2023: €109k
2024: €105k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€92k▲ 40.8%€112k▲ 22.1%€111k▼ 0.8%€90k▼ 19.3%
Operating result€11k-€43k▲ 288%€32k▼ 25.1%€6k▼ 81.0%€-18k
Net result€6k-€27k▲ 375%€20k▼ 23.8%€-887€-22k▼ 2,326%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €6k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177k
Fixed assets
€13k▲ 19.4%
Current assets
€164k▲ 1.5%
Equity and liabilities €177k
Equity
€90k▼ 19.3%
Debt
€87k▲ 42.9%
The debt ratio rises from 35.3% to 49.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▼
2024 · €12k
Cash flow
€-16k▼
2024 · €5k
Solvency
50.8%▼
2024 · 64.7%
Current ratio
1.96▼
2024 · 2.86
Quick ratio
1.65▼
2024 · 2.13
Debt / equity
0.97▲
2024 · 0.55
ROE
-23.9%▼
2024 · -0.8%
ROA
-12.2%▼
2024 · -0.5%
Interest coverage
-7.82▼
2024 · 4.51
Debt
€87k▲
2024 · €61k
Debt ≤ 1 year
€84k▲
2024 · €56k
Income taxes
€2k▼
2024 · €5k
Staff costs
€76k▼
2024 · €80k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€172k€177k▲
Fixed assets21/28€11k€13k▲
Tangible fixed assets22/27€11k€13k▲
Plant, machinery and equipment23€559€323▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€2k€8k▲
Financial fixed assets28€50€50=
Current assets29/58€161k€164k▲
Stocks and contracts in progress3€41k€26k▼
Stocks30/36€41k€26k▼
Amounts receivable within one year40/41€104k€106k▲
Trade receivables40€49k€49k▲
Other amounts receivable41€55k€56k▲
Cash at bank and in hand54/58€15k€30k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€172k€177k▲
Equity10/15€111k€90k▼
Contributions10/11€19k€19k=
Reserves13€93k€71k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€91k€69k▼
Amounts payable17/49€61k€87k▲
Amounts payable within one year42/48€56k€84k▲
Trade debts44€36k€64k▲
Suppliers440/4€36k€64k▲
Taxes, remuneration and social security45€18k€16k▼
Taxes450/3€3k€3k▼
Remuneration and social security454/9€14k€14k▼
Other amounts payable47/48€3k€3k=
Accrued charges and deferred income492/3€5k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€80k€76k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€95k€66k▼
Operating profit (loss)9901€6k€-18k▼
Financial income75/76B€969€551▼
Recurring financial income75€969€551▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€4k€-20k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€-887€-22k▼
Profit (loss) for the period to be appropriated9905€-887€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-887€-22k▼
Transfer from equity791/2€887€22k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €112k ▲22.1%
5 profitable years in a row build equity to €112k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €27k ▲375%
Operating result €43k, net result €27k, both a record.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 143 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 225 days late
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 143 days late
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 74 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin du Grand Ry(WP) 575100 NamurGround area
2,202 m²
Building footprint
223 m²
Volume, LiDAR
1,100 m³
2 parcels, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAP HORIZON & CO
since 20022.098.797.314
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135E0240/00C000 | Wallonia | 1,373 m² | 1 · 158 m² | 6.6 m · 2 fl. |
| 92024D0099/00S000 | Wallonia | 829 m² | 1 · 65 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 538 companies in sector 46120 we hold annual accounts for 303. 196 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2002
Fiscal year end31-12
Activities, NACEBEL
46120Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
51180
46180Agents specialised in the wholesale of other particular products
47112Retail trade
52112
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.