CAP INDIGO
ActiveSummary
CAP INDIGO has been active since 2006 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show negative equity (-€148,698) and a net result of €106,544. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 5% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record92
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 3.24 in 2024; short-term debt: 207.3% and cash: 60.7% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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 · 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
-107.3%
Return on assets
76.9%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8190 sector peers (2025).
NBB · sector comparisonPosition among 8190 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
21 d late
2022
1 d late
2021
361 d late
2020
724 d late
2019
1083 d 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 321 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Checked, nothing found (1)
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 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€106,544▲ 188%
2024 · €36,938
Working capital
-€193,207
2024 · €32,380
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37,034€37,375▲ 0.9%€108,753▲ 191%
Net result-€115,261below the sector's middle half▼ 149,590%-€22within the sector's middle half▲ 100.0%€81,772above the sector's middle half€36,938above the sector's middle half▼ 54.8%€106,544within the sector's middle half▲ 188%
Equity-€373,929below the sector's middle half▼ 44.6%-€373,951below the sector's middle half=-€292,179below the sector's middle half▲ 21.9%-€255,241below the sector's middle half▲ 12.6%-€148,698below the sector's middle half▲ 41.7%
Total assets€73below the sector's middle half€58,871below the sector's middle half€57,381below the sector's middle half▼ 2.5%€138,595below the sector's middle half▲ 142%
Debt€374,002▲ 44.6%€373,951=€351,050▼ 6.1%€312,622▼ 10.9%€287,293▼ 8.1%
Working capital-€373,929below the sector's middle half€17,992within the sector's middle half€32,380within the sector's middle half▲ 80.0%-€193,207below the sector's middle half
Solvency-496.3%below the sector's middle half-444.8%below the sector's middle half▲ 51.5pp-107.3%below the sector's middle half▲ 337.5pp
Current ratio1.89within the sector's middle half3.24within the sector's middle half▲ 1.350.33below the sector's middle half▼ 2.91
Return on assets (ROA)138.9%above the sector's middle half64.4%above the sector's middle half▼ 74.5pp76.9%above the sector's middle half▲ 12.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result -149,590% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 191% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,595
Fixed assets
€44,509 ▲ 323%
Current assets
€94,086 ▲ 101%
Key figures and ratios
EBITDA
€123,898▲
2024 · €47,931
Cash flow
€121,688▲
2024 · €47,494
Debt to equity
-1.93▼
2024 · -1.22
Interest coverage
82.72▼
2024 · 109.68
Debt ≤ 1 year
€287,293▲
2024 · €14,480
Income taxes
€712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €434 | €10,556 | €15,145 | ▲ 43.5% |
| Other operating charges640/8 | - | - | €247 | €1,418 | - | - |
| Gross operating margin9900 | - | - | €37,715 | €49,349 | €123,898 | ▲ 151% |
| Operating profit (loss)9901 | - | - | €37,034 | €37,375 | €108,753 | ▲ 191% |
| Financial income75/76B | - | - | €2 | - | - | - |
| Recurring financial income75 | - | - | €2 | - | - | - |
| Financial charges65/66B | €53 | €22 | €213 | €437 | €1,498 | ▲ 243% |
| Recurring financial charges65 | €53 | €22 | €213 | €437 | €1,498 | ▲ 243% |
| Non-recurring financial charges66B | €53 | €22 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€53 | -€22 | €36,823 | €36,938 | €107,256 | ▲ 190% |
| Income taxes67/77 | €115,208 | - | -€44,949 | - | €712 | - |
| Profit (loss) for the period9904 | -€115,261 | -€22 | €81,772 | €36,938 | €106,544 | ▲ 188% |
| Profit (loss) for the period to be appropriated9905 | -€115,261 | -€22 | €81,772 | €36,938 | €106,544 | ▲ 188% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73 | - | €58,871 | €57,381 | €138,595 | ▲ 142% |
| Fixed assets21/28 | - | - | €20,677 | €10,521 | €44,509 | ▲ 323% |
| Tangible fixed assets22/27 | - | - | €20,677 | €10,121 | €44,109 | ▲ 336% |
| Plant, machinery and equipment23 | - | - | - | - | €35,836 | - |
| Furniture and vehicles24 | - | - | - | - | €8,273 | - |
| Leasing and similar rights25 | - | - | €20,677 | €10,121 | - | - |
| Financial fixed assets28 | - | - | - | €400 | €400 | = |
| Current assets29/58 | €73 | - | €38,194 | €46,860 | €94,086 | ▲ 101% |
| Amounts receivable within one year40/41 | - | - | €19,213 | €25,534 | €10,001 | ▼ 60.8% |
| Trade receivables40 | - | - | €19,213 | €25,534 | €10,001 | ▼ 60.8% |
| Cash at bank and in hand54/58 | €73 | - | €18,981 | €21,326 | €84,086 | ▲ 294% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73 | €0 | €58,871 | €57,381 | €138,595 | ▲ 142% |
| Equity10/15 | -€373,929 | -€373,951 | -€292,179 | -€255,241 | -€148,698 | ▲ 41.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€392,529 | -€392,551 | -€310,779 | -€273,841 | -€167,298 | ▲ 38.9% |
| Amounts payable17/49 | €374,002 | €373,951 | €351,050 | €312,622 | €287,293 | ▼ 8.1% |
| Amounts payable after more than one year17 | - | - | €330,848 | €298,142 | - | - |
| Financial debts170/4 | - | - | €330,848 | €298,142 | - | - |
| Amounts payable within one year42/48 | €374,002 | €373,951 | €20,202 | €14,480 | €287,293 | ▲ 1,884% |
| Current portion of amounts payable after more than one year42 | - | - | €11,767 | €8,285 | - | - |
| Trade debts44 | - | - | €290 | €3,025 | €5,405 | ▲ 78.7% |
| Suppliers440/4 | - | - | €290 | €3,025 | €5,405 | ▲ 78.7% |
| Taxes, remuneration and social security45 | €115,208 | €115,208 | €8,145 | €3,170 | €7,005 | ▲ 121% |
| Taxes450/3 | €115,208 | €115,208 | €8,145 | €3,170 | €7,005 | ▲ 121% |
| Other amounts payable47/48 | €258,794 | €258,743 | - | - | €274,883 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€115,261 | -€22 | €81,772 | €36,938 | €106,544 | ▲ 188% |
| + Depreciation and write-downs630 | - | - | €434 | €10,556 | €15,145 | ▲ 43.5% |
| Operating cash flow (approximation) | -€115,261 | -€22 | €82,206 | €47,494 | €121,688 | ▲ 156% |
| Investment in fixed assets (approximation) | - | - | - | -€400 | -€49,133 | ▼ 12,183% |
| Change in cash | - | - | - | €2,345 | €62,760 | ▲ 2,576% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €106,544 ▲188%
Net result €106,544, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Back to profitnet €81,772
Net result €81,772 after 5 loss-making years.
11-08
KBO administration
Strikeout withdrawn
event 27-07-2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 361 days late
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 724 days late
19-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1083 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1123 days late
2021
31-12
Financial
Weakest financial yearnet -€115,261
Net result drops to -€115,261, the lowest in the series; recovery starts the following year.
2015
21-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
03-11
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 95 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Lasne · 1 establishment unit since 2023
Ground area
8,753 m²
Building footprint
204 m²
Volume, LiDAR
1,315 m³
Parcel 25076B0162/00F000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAP INDIGO
since 20232.350.562.792
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076B0162/00F000 | Wallonia | 8,753 m² | 1 · 204 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
Arrow Consultants
BE 0765.138.176
Lasne
CABOLEX
BE 0766.594.760
Lasne
ET & H
BE 0473.180.054
Lasne
HANSSENS ALUSTEEL
BE 0474.150.846
Lasne
HYDRO GROUP
BE 0442.001.581
Lasne
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
47639Retail sale of other sporting goods
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881193431
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.