CAP MODE
ActiveSummary
CAP MODE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €85,169 and a net result of -€21,858. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 79% of 225 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability0▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.43 against 4.85 in 2025; short-term debt: 23.3% and cash: 35.7% of total assets), and 23.3% of the assets are financed with debt.
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Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2026Solvency, return and age of the figures
Solvency
76.7%
Return on assets
-19.7%
Age of the figures
6 mo
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1819202122242526
2018 to 2026 · latest year -€21,858
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-09-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
38 d early
2025
45 d early
2024
45 d early
2022
49 d early
2021
34 d early
2020
57 d early
2019
59 d early
← 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 47 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€85,169▼ 20.4%
2025 · €107,027
Total assets
€111,062▼ 17.0%
2025 · €133,779
Net result
-€21,858▼ 15.8%
2025 · -€18,873
Working capital
€63,026▼ 17.0%
2025 · €75,938
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202420252026
Operating result€71,794▲ 145%€44,261▼ 38.3%€9,028--€17,314-€20,756▼ 19.9%
Net result€51,598▲ 70.0%€30,965▼ 40.0%€4,411--€18,873-€21,858▼ 15.8%
Equity€90,524▲ 133%€121,489▲ 34.2%€125,900-€107,027▼ 15.0%€85,169▼ 20.4%
Total assets€136,159▲ 70.4%€191,577▲ 40.7%€160,478-€133,779▼ 16.6%€111,062▼ 17.0%
Debt€45,634▲ 11.3%€70,087▲ 53.6%€34,577-€26,751▼ 22.6%€25,893▼ 3.2%
Working capital€49,597▲ 1,016%€74,154▲ 49.5%€86,960-€75,938▼ 12.7%€63,026▼ 17.0%
Staff (FTE)11=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,756 in 2026 against €17,314 in 2025; the loss grows and 2026 has the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €111,062
Fixed assets
€22,143 ▼ 41.9%
Current assets
€88,919 ▼ 7.0%
Equity and liabilities €111,062
Equity
€85,169 ▼ 20.4%
Debt
€25,893 ▼ 3.2%
Debt's share of the balance-sheet total rises from 20.0% to 23.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,759▼
2025 · -€1,317
Cash flow
-€5,861▼
2025 · -€2,876
Current ratio
3.43▼
2025 · 4.85
Quick ratio
2.25▼
2025 · 3.10
Debt to equity
0.30▲
2025 · 0.25
ROE
-25.7%▼
2025 · -17.6%
ROA
-19.7%▼
2025 · -14.1%
Interest coverage
-9.24▼
2025 · -1.16
Debt ≤ 1 year
€25,893▲
2025 · €19,701
Debt > 1 year
€0▼
2025 · €7,051
Income taxes
€589▲
2025 · €434
Staff costs
€21,079▲
2025 · €16,274
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,827 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 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €5,045 | €16,274 | €21,079 | ▲ 29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,500 | €15,997 | €15,997 | €15,997 | €15,997 | = |
| Other operating charges640/8 | €2,380 | €2,349 | €2,572 | €5,497 | €3,350 | ▼ 39.1% |
| Gross operating margin9900 | €80,674 | €62,607 | €32,643 | €20,454 | €19,670 | ▼ 3.8% |
| Operating profit (loss)9901 | €71,794 | €44,261 | €9,028 | -€17,314 | -€20,756 | ▼ 19.9% |
| Financial income75/76B | €0 | €0 | €5 | €6 | €2 | ▼ 75.6% |
| Recurring financial income75 | €0 | €0 | €5 | €6 | €2 | ▼ 75.6% |
| Financial charges65/66B | €1,816 | €1,341 | €1,678 | €1,131 | €515 | ▼ 54.5% |
| Recurring financial charges65 | €1,816 | €1,341 | €1,678 | €1,131 | €515 | ▼ 54.5% |
| Profit (loss) for the period before taxes9903 | €69,978 | €42,920 | €7,355 | -€18,439 | -€21,269 | ▼ 15.4% |
| Income taxes67/77 | €18,380 | €11,955 | €2,944 | €434 | €589 | ▲ 35.6% |
| Profit (loss) for the period9904 | €51,598 | €30,965 | €4,411 | -€18,873 | -€21,858 | ▼ 15.8% |
| Profit (loss) for the period to be appropriated9905 | €51,598 | €30,965 | €4,411 | -€18,873 | -€21,858 | ▼ 15.8% |
| Line | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,159 | €191,577 | €160,478 | €133,779 | €111,062 | ▼ 17.0% |
| Fixed assets21/28 | €40,927 | €69,930 | €54,138 | €38,140 | €22,143 | ▼ 41.9% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €40,927 | €69,930 | €53,933 | €37,935 | €21,938 | ▼ 42.2% |
| Land and buildings22 | €37,022 | €30,877 | €24,731 | €18,586 | €12,441 | ▼ 33.1% |
| Plant, machinery and equipment23 | €3,905 | €39,053 | €29,201 | €19,349 | €9,497 | ▼ 50.9% |
| Furniture and vehicles24 | €0 | €0 | €0 | €0 | - | - |
| Financial fixed assets28 | - | - | €205 | €205 | €205 | = |
| Current assets29/58 | €95,232 | €121,647 | €106,340 | €95,638 | €88,919 | ▼ 7.0% |
| Stocks and contracts in progress3 | €16,598 | €37,038 | €45,135 | €34,495 | €30,609 | ▼ 11.3% |
| Stocks30/36 | €16,598 | €37,038 | €45,135 | €34,495 | €30,609 | ▼ 11.3% |
| Amounts receivable within one year40/41 | €0 | €0 | €133 | €2,049 | €8,649 | ▲ 322% |
| Trade receivables40 | €0 | €0 | - | €1,839 | €0 | ▼ 100% |
| Other amounts receivable41 | €0 | €0 | €133 | €210 | €8,649 | ▲ 4,024% |
| Cash at bank and in hand54/58 | €78,327 | €81,286 | €51,274 | €35,837 | €39,666 | ▲ 10.7% |
| Deferred charges and accrued income490/1 | €307 | €3,322 | €9,799 | €23,258 | €9,995 | ▼ 57.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,159 | €191,577 | €160,478 | €133,779 | €111,062 | ▼ 17.0% |
| Equity10/15 | €90,524 | €121,489 | €125,900 | €107,027 | €85,169 | ▼ 20.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €31,859 | €34,400 | €34,400 | €34,400 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | €30,000 | €34,400 | €34,400 | €34,400 | = |
| Profit (loss) carried forward14 | €70,073 | €71,038 | €72,908 | €54,035 | €32,177 | ▼ 40.5% |
| Amounts payable17/49 | €45,634 | €70,087 | €34,577 | €26,751 | €25,893 | ▼ 3.2% |
| Amounts payable after more than one year17 | €0 | €22,595 | €15,197 | €7,051 | €0 | ▼ 100% |
| Financial debts170/4 | €0 | €22,595 | €15,197 | €7,051 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €45,634 | €47,492 | €19,380 | €19,701 | €25,893 | ▲ 31.4% |
| Current portion of amounts payable after more than one year42 | €8,683 | €8,465 | €6,786 | €7,524 | €7,051 | ▼ 6.3% |
| Trade debts44 | €4,227 | €2,721 | €2,269 | €2,882 | €3,387 | ▲ 17.5% |
| Suppliers440/4 | €4,227 | €2,721 | €2,269 | €2,882 | €3,387 | ▲ 17.5% |
| Taxes, remuneration and social security45 | €29,552 | €33,449 | €10,175 | €9,144 | €15,305 | ▲ 67.4% |
| Taxes450/3 | €29,552 | €33,449 | €10,175 | €8,765 | €13,886 | ▲ 58.4% |
| Remuneration and social security454/9 | - | - | - | €379 | €1,419 | ▲ 275% |
| Other amounts payable47/48 | €3,172 | €2,857 | €150 | €150 | €150 | = |
| Line | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,598 | €30,965 | €4,411 | -€18,873 | -€21,858 | ▼ 15.8% |
| + Depreciation and write-downs630 | €6,500 | €15,997 | €15,997 | €15,997 | €15,997 | = |
| Operating cash flow (approximation) | €58,098 | €46,962 | €20,408 | -€2,876 | -€5,861 | ▼ 104% |
| Investment in fixed assets (approximation) | - | -€45,000 | - | €0 | €0 | - |
| Change in cash | - | €2,959 | - | -€15,437 | €3,830 | ▲ 125% |
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 2027, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Weakest financial yearnet -€21,858
Net result drops to -€21,858, the lowest in the series.
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 5.49
Current ratio from 2.56 to 5.49; short-term debt falls from €47,492 to €19,380.
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €121,489 ▲34.2%
5 profitable years in a row build equity to €121,489.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €51,598 ▲70%
Operating result €71,794, net result €51,598, both a record.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 1.14
Current ratio from 0.44 to 1.14; short-term debt falls from €42,352 to €32,312.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial 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.
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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, Huy · 1 establishment unit since 1998
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.
Rue St-Martin 14500 Huy1 establishment unit
CAP MODE
since 19982.088.774.244
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,439. 1,906 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-10-1998
Fiscal year end31-03
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47722Retail trade
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464304752
Also
9925:BE0464304752
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.