CAPABLE
ActiveSummary
CAPABLE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,203 and a net result of €1,745. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 73 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+18
Solvency58▼-9
Growth41▼-1
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.72 in 2024; short-term debt: 67% and cash: 17.1% of total assets), and 67% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← 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
33%
Return on assets
0.4%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
5 d early
2022
32 d late
2021
4 d late
2020
31 d early
2019
24 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 1 day after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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
27-09-2026 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 simulator 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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€1.5m▼ 6.7%
2024 · €1.6m
EBIT margin
0.2%▼ 0.1pp
2024 · 0.3%
Net result
€1,745▼ 17.4%
2024 · €2,112
Working capital
€138,203▲ 1.6%
2024 · €136,022
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
Turnover€2.6m▲ 3.7%€2.1m▼ 17.2%€2.3m▲ 5.7%€1.6m▼ 29.8%€1.5m▼ 6.7%
Operating result€4,217▼ 67.0%€8,367▲ 98.4%€728▼ 91.3%€4,250▲ 484%€2,888▼ 32.1%
Net result€1,566▼ 88.6%€4,586▲ 193%-€1,186€2,112€1,745▼ 17.4%
EBIT margin0.2%▼ 0.3pp0.4%▲ 0.2pp0.0%▼ 0.4pp0.3%▲ 0.2pp0.2%▼ 0.1pp
Equity€132,946▲ 1.2%€137,532▲ 3.4%€136,346▼ 0.9%€138,459▲ 1.5%€140,203▲ 1.3%
Total assets€599,005▲ 11.3%€307,581▼ 48.7%€563,713▲ 83.3%€327,492▼ 41.9%€424,540▲ 29.6%
Debt€466,059▲ 14.6%€170,049▼ 63.5%€427,366▲ 151%€189,034▼ 55.8%€284,337▲ 50.4%
Working capital€128,181▲ 2.6%€134,224▲ 4.7%€133,474▼ 0.6%€136,022▲ 1.9%€138,203▲ 1.6%
Staff (FTE)
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €424,540
Fixed assets
€2,000 ▼ 17.9%
Current assets
€422,540 ▲ 30.0%
Equity and liabilities €424,540
Equity
€140,203 ▲ 1.3%
Debt
€284,337 ▲ 50.4%
Debt's share of the balance-sheet total rises from 57.7% to 67.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,324▼
2024 · €4,687
Cash flow
€2,181▼
2024 · €2,549
Current ratio
1.49▼
2024 · 1.72
Debt to equity
2.03▲
2024 · 1.37
ROE
1.2%▼
2024 · 1.5%
ROA
0.4%▼
2024 · 0.6%
Interest coverage
5.92▲
2024 · 2.66
Debt ≤ 1 year
€284,337▲
2024 · €189,034
Income taxes
€582▲
2024 · €375
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 10,891 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €2.6m | €2.2m | €2.3m | €1.6m | €1.5m | ▼ 6.9% |
| Turnover70 | €2.6m | €2.1m | €2.3m | €1.6m | €1.5m | ▼ 6.7% |
| Other operating income74 | €24,044 | €21,987 | €19,542 | €22,419 | €17,833 | ▼ 20.5% |
| Operating charges60/66A | €2.6m | €2.2m | €2.3m | €1.6m | €1.5m | ▼ 6.8% |
| Goods for resale, raw materials and consumables60 | €2.6m | €2.1m | €2.3m | €1.6m | €1.5m | ▼ 6.7% |
| Purchases600/8 | €2.6m | €2.1m | €2.3m | €1.6m | €1.5m | ▼ 6.7% |
| Services and other goods61 | €10,710 | €12,615 | €17,762 | €16,984 | €14,255 | ▼ 16.1% |
| Remuneration, social security and pensions62 | €5,829 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,721 | €436 | €436 | €436 | €436 | = |
| Other operating charges640/8 | €568 | €569 | €616 | €748 | €254 | ▼ 66.0% |
| Operating profit (loss)9901 | €4,217 | €8,367 | €728 | €4,250 | €2,888 | ▼ 32.1% |
| Financial income75/76B | €4 | - | €0 | - | - | - |
| Recurring financial income75 | €4 | - | €0 | - | - | - |
| Income from financial fixed assets750 | - | - | €0 | - | - | - |
| Other financial income752/9 | €4 | - | - | - | - | - |
| Financial charges65/66B | €2,035 | €2,199 | €1,913 | €1,763 | €562 | ▼ 68.1% |
| Recurring financial charges65 | €2,035 | €2,199 | €1,913 | €1,763 | €562 | ▼ 68.1% |
| Debt charges650 | €1,911 | €2,199 | €1,913 | €1,763 | €562 | ▼ 68.1% |
| Other financial charges652/9 | €124 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,186 | €6,168 | -€1,186 | €2,487 | €2,326 | ▼ 6.5% |
| Income taxes67/77 | €620 | €1,582 | - | €375 | €582 | ▲ 55.3% |
| Taxes670/3 | €620 | €1,582 | - | €375 | €582 | ▲ 55.3% |
| Profit (loss) for the period9904 | €1,566 | €4,586 | -€1,186 | €2,112 | €1,745 | ▼ 17.4% |
| Profit (loss) for the period to be appropriated9905 | €1,566 | €4,586 | -€1,186 | €2,112 | €1,745 | ▼ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €599,005 | €307,581 | €563,713 | €327,492 | €424,540 | ▲ 29.6% |
| Fixed assets21/28 | €4,765 | €3,308 | €2,872 | €2,436 | €2,000 | ▼ 17.9% |
| Tangible fixed assets22/27 | €1,745 | €1,308 | €872 | €436 | - | - |
| Furniture and vehicles24 | €1,745 | €1,308 | €872 | €436 | - | - |
| Financial fixed assets28 | €3,020 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Other financial fixed assets284/8 | €3,020 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Amounts receivable and cash guarantees285/8 | €3,020 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Current assets29/58 | €594,240 | €304,273 | €560,840 | €325,056 | €422,540 | ▲ 30.0% |
| Amounts receivable within one year40/41 | €536,856 | €240,368 | €529,864 | €295,077 | €350,068 | ▲ 18.6% |
| Trade receivables40 | €531,335 | €232,949 | €522,464 | €288,052 | €343,650 | ▲ 19.3% |
| Other amounts receivable41 | €5,521 | €7,419 | €7,400 | €7,025 | €6,418 | ▼ 8.6% |
| Cash at bank and in hand54/58 | €56,990 | €63,255 | €30,976 | €27,622 | €72,472 | ▲ 162% |
| Deferred charges and accrued income490/1 | €394 | €650 | - | €2,358 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €599,005 | €307,581 | €563,713 | €327,492 | €424,540 | ▲ 29.6% |
| Equity10/15 | €132,946 | €137,532 | €136,346 | €138,459 | €140,203 | ▲ 1.3% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €22,946 | €27,532 | €26,346 | €28,459 | €30,203 | ▲ 6.1% |
| Amounts payable17/49 | €466,059 | €170,049 | €427,366 | €189,034 | €284,337 | ▲ 50.4% |
| Amounts payable within one year42/48 | €466,059 | €170,049 | €427,366 | €189,034 | €284,337 | ▲ 50.4% |
| Trade debts44 | €434,166 | €143,287 | €384,760 | €169,397 | €244,705 | ▲ 44.5% |
| Suppliers440/4 | €434,166 | €143,287 | €384,760 | €169,397 | €244,705 | ▲ 44.5% |
| Advances received on contracts in progress46 | €5,813 | €17,076 | €7,276 | €9,851 | €5,840 | ▼ 40.7% |
| Taxes, remuneration and social security45 | €26,080 | €9,428 | €34,856 | €9,785 | €33,792 | ▲ 245% |
| Taxes450/3 | €26,080 | €9,428 | €34,856 | €9,785 | €33,792 | ▲ 245% |
| Other amounts payable47/48 | - | €258 | €475 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,566 | €4,586 | -€1,186 | €2,112 | €1,745 | ▼ 17.4% |
| + Depreciation and write-downs630 | €2,721 | €436 | €436 | €436 | €436 | = |
| Operating cash flow (approximation) | €4,287 | €5,022 | -€749 | €2,549 | €2,181 | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | €1,021 | -€1 | €0 | €0 | - |
| Change in cash | - | €6,265 | -€32,279 | -€3,355 | €44,851 | ▲ 1,437% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €2,112
Net result €2,112 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€1,186
Net result drops to -€1,186, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €13,763 ▲220%
Net result €13,763, the highest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has 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
5 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, Sint-Niklaas · 1 establishment unit since 2016
Ground area
581 m²
Parcel 46445D1776/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
CAPABLE NV
since 20162.264.224.478
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1776/00R000 | Flanders | 581 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.
Similar companies · same sector, comparable size
E-MANAGEMENT 61
BE 0780.826.145
Herstal · Eq €139,190
Ontel
BE 0818.103.146
Huldenberg · Eq €142,035
SMART CONNECT
BE 0567.991.418
Rumst · Eq €142,991
OPTIWIRE
BE 0764.818.175
Enghien · Eq €143,549
SMART TELECOM
BE 0473.195.890
Lendelede · Eq €144,155
Of 1,372 companies in sector 61100 we hold annual accounts for 585. 412 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
Founded18-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0661670157
Also
9925:BE0661670157
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.