Cap Rouge
Cap Rouge has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49k and a net result of €-52k. Equity is shrinking by ~42% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 24% of 13549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €49k |
| Net result | €-52k |
| Better than sector | 24% |
| Active | 31 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 3.0% | 29.9% | |
| Net result | €-52k | €6k | |
| Equity | €49k | €79k | |
| Gross operating margin | €103k | €41k | |
| Total assets | €1.64M | €416k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €77k | €88k | €75k | €134k |
| Net profit | €-52k | €-47k | €-60k | €-112k |
| Cash flow | €70k | €77k | €63k | €100k |
| Staff costs | - | - | - | - |
| Income taxes | €0 | €1 | €0 | €5k |
| Dividends | - | - | - | - |
| Total assets | €1.64M | €1.67M | €1.72M | €1.88M |
| Equity | €49k | €101k | €148k | €209k |
| Debt | €1.58M | €1.56M | €1.56M | €1.66M |
| of which ≤ 1y | €791k | €723k | €669k | €682k |
| of which > 1y | €785k | €837k | €888k | €979k |
| Working capital | €-759k | €-677k | €-639k | €-617k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.04 | 0.06 | 0.05 | 0.09 |
| Quick ratio | 0.04 | 0.06 | 0.05 | 0.09 |
| Working capital ratio | -46.4% | -40.5% | -37.1% | -32.8% |
| Solvency | 3.0% | 6.0% | 8.6% | 11.1% |
| Debt / equity | 31.97 | 15.48 | 10.55 | 7.96 |
| Long-term debt ratio | 15.90 | 8.29 | 5.99 | 4.69 |
| Interest coverage | 6.77 | 7.28 | 5.87 | 4.55 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -3.2% | -2.8% | -3.5% | -6.0% |
| ROE | -104.4% | -46.9% | -40.7% | -53.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.64M | €1.67M | €1.72M | €1.88M |
| Fixed assets | 21/28 | €1.60M | €1.63M | €1.69M | €1.82M |
| Tangible fixed assets | 22/27 | €1.60M | €1.63M | €1.69M | €1.82M |
| Current assets | 29/58 | €32k | €46k | €30k | €64k |
| Amounts receivable within one year | 40/41 | €15k | €25k | €9k | €1k |
| Cash & bank | 54/58 | €17k | €20k | €22k | €63k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.64M | €1.67M | €1.72M | €1.88M |
| Equity | 10/15 | €49k | €101k | €148k | €209k |
| Contributions / capital | 10/11 | €9k | €9k | €9k | €9k |
| Reserves | 13 | €153k | €164k | €166k | €236k |
| Accumulated profits (losses) | 14 | €-113k | €-72k | €-27k | €-37k |
| Provisions & deferred taxes | 16 | €6k | €10k | €12k | €13k |
| Amounts payable | 17/49 | €1.58M | €1.56M | €1.56M | €1.66M |
| Amounts payable after one year | 17 | €785k | €837k | €888k | €979k |
| Amounts payable within one year | 42/48 | €791k | €723k | €669k | €682k |
| Trade debts payable within one year | 44 | €10k | €3k | €4k | €4k |
| Income statement | |||||
| Gross operating margin | 9900 | €103k | €108k | €93k | €152k |
| Operating result | 9901 | €-45k | €-36k | €-49k | €-78k |
| Financial income | 75 | €6 | €7 | €30 | €149 |
| Financial charges | 65 | €11k | €12k | €13k | €29k |
| Result before taxes | 9903 | €-56k | €-49k | €-62k | €-107k |
| Income taxes | 67/77 | €0 | €1 | €0 | €5k |
| Net result for the period | 9904 | €-52k | €-47k | €-60k | €-112k |
| Result to be appropriated | 9905 | €-41k | €-45k | €-58k | €-77k |
| NACE primary | Renting and operating of own or leased residential real estate, excluding social housing(68201) |
| Legal form | Private limited company(610) |
| Incorporation | 04-03-1995 |
| Status | Active |
| Postal code | 8400 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0187/00F003 | Flanders | 391 m² | 1 · 107 m² | 13.3 m · 3 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
09-06-2022 All shares are now held by a single shareholder
Technical details
{
"events": [
{
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}
],
"notary": {
"name": "MICHEL VAN DAMME",
"firm_city": null,
"firm_name": "VVD Notarisvennootschap BV",
"office_city": "Brugge",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2022-06-09",
"filing_date": "2022-06-01",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2022-06-01",
"unanimous": true,
"under_authorized_capital": true,
"underlying_resolution_date": "2022-05-05"
},
"bedrijfsrevisor": {
"waived": true,
"firm_kbo": null,
"firm_name": "POUSEELE CARON BEDRIJFSREVISOREN",
"ibr_number": null,
"mission_type": "quasi_apport",
"individual_name": "Bruno POUSEELE"
},
"subject_company": {
"kbo": "0454.717.390",
"name_full": "CAP ROUGE",
"legal_form": "BV",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
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},
"co_filed_documents": [
"Afschrift van de akte",
"verslag van de bedrijfsrevisor",
"Bijzonder verslag van bestuursorgaan 29/04/2022",
"verslag bestuursorgaan 05/05/2022",
"Geco\u00F6rdineerde statuten"
],
"shareholders_after": [
{
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"kind": "person",
"name": "PERSEGAEL Tom",
"role": null,
"n_shares": 230,
"share_class": null
},
{
"kbo": null,
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"kind": "person",
"name": "DE CLOEDT Nathalie",
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},
{
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"n_shares": 978,
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}
],
"share_classes_after": []
}| Legal nameNL | Cap Rouge |