CAP NORD NAVIGATION
ActiveCAP NORD NAVIGATION has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €46k. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 2295 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+13
Solvency100▲+28
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 8.4 against 20.86 in 2024; short-term debt: 11.4% and cash: 3.3% of total assets), and 11.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.4%
Return on assets
39%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
20 d late
2023
1 d early
2022
30 d late
2021
61 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€103k▲ 79.0%
2024 · €58k
2021: €77k
2022: €27k
2023: €39k
2024: €58k
2021 → 2025
Total assets
€117k▼ 5.2%
2024 · €123k
2021: €174k
2022: €62k
2023: €103k
2024: €123k
2021 → 2025
Net result
€46k▲ 142%
2024 · €19k
2021: €74k
2022: €-50k
2023: €12k
2024: €19k
2021 → 2025
Working capital
€99k▼ 9.9%
2024 · €110k
2021: €54k
2022: €19k
2023: €81k
2024: €110k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€27k▼ 65.4%€39k▲ 46.4%€58k▲ 48.5%€103k▲ 79.0%
Operating result€98k-€-46k€18k€24k▲ 31.0%€84k▲ 252%
Net result€74k-€-50k€12k€19k▲ 53.2%€46k▲ 142%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 252% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117k
Fixed assets
€5k▼ 42.0%
Current assets
€112k▼ 2.6%
Equity and liabilities €117k
Equity
€103k▲ 79.0%
Debt
€14k▼ 79.3%
The debt ratio falls from 53.2% to 11.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▲
2024 · €28k
Cash flow
€49k▲
2024 · €23k
Solvency
88.4%▲
2024 · 46.8%
Current ratio
8.40▼
2024 · 20.86
Quick ratio
8.40▼
2024 · 20.86
Debt / equity
0.13▼
2024 · 1.14
ROE
44.1%▲
2024 · 32.7%
ROA
39.0%▲
2024 · 15.3%
Interest coverage
18.21▲
2024 · 5.92
Debt
€14k▼
2024 · €66k
Debt ≤ 1 year
€13k▲
2024 · €6k
Income taxes
€14k▲
2024 · €327
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€123k€117k▼
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€5k▼
Plant, machinery and equipment23€8k€5k▼
Current assets29/58€115k€112k▼
Amounts receivable within one year40/41€88k€104k▲
Trade receivables40€61k€62k▲
Other amounts receivable41€27k€43k▲
Cash at bank and in hand54/58€23k€4k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€123k€117k▼
Equity10/15€58k€103k▲
Contributions10/11€3k€3k=
Reserves13€74k€100k▲
Distributable reserves133€74k€100k▲
Profit (loss) carried forward14€-19k-
Amounts payable17/49€66k€14k▼
Amounts payable within one year42/48€6k€13k▲
Financial debts43€1k€634▼
Credit institutions430/8€1k€634▼
Trade debts44€4k€270▼
Suppliers440/4€4k€270▼
Taxes, remuneration and social security45€327€12k▲
Taxes450/3€327€10k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€28€28=
Accrued charges and deferred income492/3€60k€191▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€29k€89k▲
Operating profit (loss)9901€24k€84k▲
Financial income75/76B€7€10▲
Recurring financial income75€7€10▲
Financial charges65/66B€5k€25k▲
Recurring financial charges65€5k€5k▲
Non-recurring financial charges66B-€20k
Profit (loss) for the period before taxes9903€19k€59k▲
Income taxes67/77€327€14k▲
Profit (loss) for the period9904€19k€46k▲
Profit (loss) for the period to be appropriated9905€19k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€27k▲
Profit (loss) brought forward from the previous period14P€-38k€-19k▲
Transfer to equity691/2-€27k
To other reserves6921-€27k
The notes to these accounts (7 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €103k ▲79%
3 profitable years in a row build equity to €103k.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 20.86
Current ratio from 9.29 to 20.86; short-term debt falls from €10k to €6k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 9.29
Current ratio from 1.53 to 9.29; short-term debt falls from €35k to €10k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-50k ▼168%
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Leuven · 1 establishment unit since 2020
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.
Petrusberg 183001 LeuvenGround area
2,131 m²
Building footprint
255 m²
Volume, LiDAR
1,119 m³
Parcel 24514C0002/00N004, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAP NORD NAVIGATION
since 20202.308.605.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0002/00N004 | Flanders | 2,130 m² | 1 · 255 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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, comparable size
RDBS
BE 0477.969.181
Zandhoven · Eq €105k
BOOST
BE 0832.751.928
Vilvoorde · Eq €102k
Are to Run
BE 0505.660.505
Zutendaal · Eq €101k
BANDEN LATEM
BE 0833.002.544
Sint-Martens-Latem · Eq €108k
Voetbalvereniging Red Star Laren
BE 0425.773.283
Lummen · Eq €108k
Of 1,408 companies in sector 93129 we hold annual accounts for 172. 115 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2020
Fiscal year end31-12
Activities, NACEBEL
93129Activities of other sports clubs
85510Sports and recreation education
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.