CAPA
ActiveSummary
CAPA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €288,603 and a net result of €3,845. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 32% of 4909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency54▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.14 in 2024; short-term debt: 70.8% and cash: 61.3% of total assets), and 70.8% 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
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
29.2%
Return on assets
0.4%
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
31 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 30 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#5 oldest company in Héron
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,845▼ 27.5%
2024 · €5,302
Working capital
€234,202▲ 12.4%
2024 · €208,441
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
Line20212022202320242025
Operating result€46,305▲ 47.1%€6,088▼ 86.9%-€43,412€5,535€2,949▼ 46.7%
Net result€38,346▲ 32.9%€3,893▼ 89.8%-€43,586€5,302€3,845▼ 27.5%
Equity€319,149▲ 13.7%€323,042▲ 1.2%€279,456▼ 13.5%€284,758▲ 1.9%€288,603▲ 1.4%
Total assets€2.2m▲ 5.4%€2.4m▲ 8.1%€2.2m▼ 10.5%€1.8m▼ 16.4%€988,143▼ 45.7%
Debt€1.9m▲ 4.1%€2.1m▲ 9.2%€1.9m▼ 10.0%€1.5m▼ 19.0%€699,540▼ 54.4%
Working capital€181,100▲ 48.8%€206,592▲ 14.1%€181,277▼ 12.3%€208,441▲ 15.0%€234,202▲ 12.4%
Staff (FTE)1=1=1=1=1=
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €988,143
Fixed assets
€54,596 ▼ 28.5%
Current assets
€933,547 ▼ 46.5%
Equity and liabilities €988,143
Equity
€288,603 ▲ 1.4%
Debt
€699,540 ▼ 54.4%
Debt's share of the balance-sheet total falls from 84.4% to 70.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,813▼
2024 · €27,398
Cash flow
€10,708▼
2024 · €27,165
Current ratio
1.33▲
2024 · 1.14
Debt to equity
2.42▼
2024 · 5.39
ROE
1.3%▼
2024 · 1.9%
ROA
0.4%▲
2024 · 0.3%
Interest coverage
59.47▼
2024 · 107.70
Debt ≤ 1 year
€699,344▼
2024 · €1.5m
Staff costs
€58,622▲
2024 · €56,539
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,015 | - | - | - | €45,143 | - |
| Remuneration, social security and pensions62 | €48,209 | €49,238 | €54,771 | €56,539 | €58,622 | ▲ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,568 | €21,599 | €22,320 | €21,862 | €6,863 | ▼ 68.6% |
| Other operating charges640/8 | €1,233 | €1,245 | €1,647 | €2,116 | €178 | ▼ 91.6% |
| Gross operating margin9900 | €118,314 | €78,171 | €35,326 | €86,052 | €68,613 | ▼ 20.3% |
| Operating profit (loss)9901 | €46,305 | €6,088 | -€43,412 | €5,535 | €2,949 | ▼ 46.7% |
| Financial income75/76B | €1 | €1 | €194 | €21 | €1,060 | ▲ 4,899% |
| Recurring financial income75 | €1 | €1 | €194 | €21 | €1,060 | ▲ 4,899% |
| Financial charges65/66B | €105 | €159 | €138 | €254 | €165 | ▼ 35.1% |
| Recurring financial charges65 | €105 | €159 | €138 | €254 | €165 | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €46,200 | €5,931 | -€43,356 | €5,302 | €3,845 | ▼ 27.5% |
| Income taxes67/77 | €7,854 | €2,038 | €231 | - | - | - |
| Profit (loss) for the period9904 | €38,346 | €3,893 | -€43,586 | €5,302 | €3,845 | ▼ 27.5% |
| Profit (loss) for the period to be appropriated9905 | €38,346 | €3,893 | -€43,586 | €5,302 | €3,845 | ▼ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.4m | €2.2m | €1.8m | €988,143 | ▼ 45.7% |
| Fixed assets21/28 | €138,049 | €116,450 | €98,179 | €76,316 | €54,596 | ▼ 28.5% |
| Tangible fixed assets22/27 | €138,049 | €116,450 | €98,179 | €76,316 | €54,596 | ▼ 28.5% |
| Land and buildings22 | €60,621 | €57,747 | €54,872 | €51,997 | €49,123 | ▼ 5.5% |
| Plant, machinery and equipment23 | €77,428 | €58,703 | €43,307 | €24,319 | €5,473 | ▼ 77.5% |
| Current assets29/58 | €2.1m | €2.3m | €2.1m | €1.7m | €933,547 | ▼ 46.5% |
| Stocks and contracts in progress3 | €789,617 | €798,441 | €778,652 | €336,404 | - | - |
| Stocks30/36 | €789,617 | €798,441 | €778,652 | €336,404 | - | - |
| Amounts receivable within one year40/41 | €686,504 | €700,724 | €590,487 | €460,623 | €322,616 | ▼ 30.0% |
| Trade receivables40 | €669,799 | €689,098 | €585,163 | €455,038 | €318,300 | ▼ 30.0% |
| Other amounts receivable41 | €16,706 | €11,626 | €5,324 | €5,585 | €4,315 | ▼ 22.7% |
| Current investments50/53 | €74 | €74 | €4,627 | €4,627 | €4,627 | = |
| Cash at bank and in hand54/58 | €635,632 | €815,937 | €704,334 | €942,277 | €605,836 | ▼ 35.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €469 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.4m | €2.2m | €1.8m | €988,143 | ▼ 45.7% |
| Equity10/15 | €319,149 | €323,042 | €279,456 | €284,758 | €288,603 | ▲ 1.4% |
| Contributions10/11 | €247,800 | €247,800 | €247,800 | €247,800 | €247,800 | = |
| Capital10 | €247,800 | €247,800 | €247,800 | €247,800 | €247,800 | = |
| Issued capital100 | €247,800 | €247,800 | €247,800 | €247,800 | €247,800 | = |
| Reserves13 | €51,761 | €55,561 | €55,561 | €55,561 | €55,561 | = |
| Non-distributable reserves130/1 | €3,290 | €3,290 | €3,290 | €3,290 | €3,290 | = |
| Legal reserve130 | €3,290 | €3,290 | €3,290 | €3,290 | €3,290 | = |
| Distributable reserves133 | €48,471 | €52,271 | €52,271 | €52,271 | €52,271 | = |
| Profit (loss) carried forward14 | €19,588 | €19,681 | -€23,905 | -€18,603 | -€14,758 | ▲ 20.7% |
| Amounts payable17/49 | €1.9m | €2.1m | €1.9m | €1.5m | €699,540 | ▼ 54.4% |
| Amounts payable within one year42/48 | €1.9m | €2.1m | €1.9m | €1.5m | €699,344 | ▼ 54.5% |
| Trade debts44 | €1.9m | €2.1m | €1.8m | €1.5m | €638,780 | ▼ 56.4% |
| Suppliers440/4 | €1.9m | €2.1m | €1.8m | €1.5m | €638,780 | ▼ 56.4% |
| Taxes, remuneration and social security45 | €11,814 | €14,119 | €15,908 | €19,932 | €32,232 | ▲ 61.7% |
| Taxes450/3 | €8,265 | €4,647 | €6,084 | €10,191 | €23,302 | ▲ 129% |
| Remuneration and social security454/9 | €3,549 | €9,472 | €9,824 | €9,741 | €8,930 | ▼ 8.3% |
| Other amounts payable47/48 | €35,276 | €35,762 | €35,946 | €49,335 | €28,332 | ▼ 42.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €196 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,346 | €3,893 | -€43,586 | €5,302 | €3,845 | ▼ 27.5% |
| + Depreciation and write-downs630 | €22,568 | €21,599 | €22,320 | €21,862 | €6,863 | ▼ 68.6% |
| Operating cash flow (approximation) | €60,914 | €25,492 | -€21,266 | €27,165 | €10,708 | ▼ 60.6% |
| Investment in fixed assets (approximation) | - | €0 | -€4,049 | €0 | €14,857 | - |
| Change in cash | - | €180,305 | -€111,603 | €237,944 | -€336,441 | ▼ 241% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Back to profitnet €5,302
Net result €5,302 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€43,586
Net result drops to -€43,586, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €38,346 ▲32.9%
Operating result €46,305, net result €38,346, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 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, Héron · 1 establishment unit since 1986
Ground area
2.2 ha
Building footprint
200 m²
Parcel 61028F0015/00H000, Wallonia. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Rue de Montigny 22, 4217 Héron
since 19862.035.116.022
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61028F0015/00H000 | Wallonia | 2.2 ha | 1 · 200 m² | - |
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.
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Of 943 companies in sector 46231 we hold annual accounts for 421. 350 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-09-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
01410Raising of dairy cattle
Scores and ratios are computed by Checked and are not a credit decision.