CAPALDI TRADUCTIONS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 26 filings
Turnover
≈ €98,000
Estimated: probably between €48,000 and €190,000
Total assets
€107,516▲ 5.4%
2024 · €102,030
Net result
€10,812▼ 27.2%
2024 · €14,851
Working capital
€87,361▲ 14.3%
2024 · €76,435
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€15,673
▼ 25.7%
2025
20182025
Net result
€10,812
▼ 27.2%
2025
middle half of the sector
20182025
Equity
€88,032
▲ 14.0%
2025
middle half of the sector
20182025
Total assets
€107,516
▲ 5.4%
2025
middle half of the sector
20182025
Debt
€19,483
▼ 21.5%
2025
20182025
Working capital
€87,361
▲ 14.3%
2025
highest quarter of the sector
20182025
Solvency
81.9%
▲ 6.2pp
2025
highest quarter of the sector
20182025
Current ratio
5.48
▲ 1.40
2025
highest quarter of the sector
20182025
Return on assets (ROA)
10.1%
▼ 4.5pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€21,798-€14,146▼ 35.1%€8,372▼ 40.8%€10,661▲ 27.3%€1,127▼ 89.4%€1,369▲ 21.5%€21,081▲ 15×€15,673▼ 25.7%
Net result€15,444-€9,796▼ 36.6%€5,458within the sector's middle half▼ 44.3%€7,379within the sector's middle half▲ 35.2%€272within the sector's middle half▼ 96.3%€293within the sector's middle half▲ 7.8%€14,851within the sector's middle half▲ 51×€10,812within the sector's middle half▼ 27.2%
Equity€74,171-€83,967▲ 13.2%€89,425within the sector's middle half▲ 6.5%€96,804within the sector's middle half▲ 8.3%€77,076within the sector's middle half▼ 20.4%€77,369within the sector's middle half▲ 0.4%€77,220within the sector's middle half▼ 0.2%€88,032within the sector's middle half▲ 14.0%
Total assets€78,816-€91,544▲ 16.1%€95,931within the sector's middle half▲ 4.8%€110,471within the sector's middle half▲ 15.2%€86,852within the sector's middle half▼ 21.4%€91,781within the sector's middle half▲ 5.7%€102,030within the sector's middle half▲ 11.2%€107,516within the sector's middle half▲ 5.4%
Debt€4,645-€7,578▲ 63.1%€6,506▼ 14.1%€13,666▲ 110%€9,776▼ 28.5%€14,412▲ 47.4%€24,809▲ 72.1%€19,483▼ 21.5%
Working capital€73,933-€81,264▲ 9.9%€86,999above the sector's middle half▲ 7.1%€93,229above the sector's middle half▲ 7.2%€74,779above the sector's middle half▼ 19.8%€76,254above the sector's middle half▲ 2.0%€76,435within the sector's middle half▲ 0.2%€87,361above the sector's middle half▲ 14.3%
Solvency94.1%-91.7%▼ 2.4pp93.2%above the sector's middle half▲ 1.5pp87.6%above the sector's middle half▼ 5.6pp88.7%above the sector's middle half▲ 1.1pp84.3%above the sector's middle half▼ 4.4pp75.7%above the sector's middle half▼ 8.6pp81.9%above the sector's middle half▲ 6.2pp
Current ratio16.92-11.72▼ 5.1914.37above the sector's middle half▲ 2.657.82above the sector's middle half▼ 6.558.65above the sector's middle half▲ 0.836.29above the sector's middle half▼ 2.364.08above the sector's middle half▼ 2.215.48above the sector's middle half▲ 1.40
Return on assets (ROA)19.6%-10.7%▼ 8.9pp5.7%within the sector's middle half▼ 5.0pp6.7%within the sector's middle half▲ 1.0pp0.3%within the sector's middle half▼ 6.4pp0.3%within the sector's middle half=14.6%within the sector's middle half▲ 14.2pp10.1%within the sector's middle half▼ 4.5pp
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 26% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107,516
Fixed assets
€671 ▼ 14.6%
Current assets
€106,845 ▲ 5.5%
Equity and liabilities €107,516
Equity
€88,032 ▲ 14.0%
Debt
€19,483 ▼ 21.5%
Debt's share of the balance-sheet total falls from 24.3% to 18.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,788▼
2024 · €21,411
Cash flow
€10,927▼
2024 · €15,181
Debt to equity
0.22▼
2024 · 0.32
ROE
12.3%▼
2024 · 19.2%
Interest coverage
47.95▼
2024 · 56.57
Debt ≤ 1 year
€19,483▼
2024 · €24,809
Income taxes
€4,537▼
2024 · €5,856
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,117 | - | - | - | - |
| Depreciation and write-downs of the year | €967 | €1,278 | €1,182 | €330 | €115 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €848 | €913 | €772 | €967 | €1,278 | €1,182 | €330 | €115 | ▼ 65.1% |
| Other operating charges640/8 | - | - | - | €541 | €559 | €571 | €579 | €583 | ▲ 0.8% |
| Gross operating margin9900 | €23,310 | €15,597 | €9,683 | €12,170 | €2,964 | €3,121 | €21,990 | €16,372 | ▼ 25.5% |
| Operating profit (loss)9901 | €21,798 | €14,146 | €8,372 | €10,661 | €1,127 | €1,369 | €21,081 | €15,673 | ▼ 25.7% |
| Financial income75/76B | - | - | - | €3 | €109 | €8 | €4 | €5 | ▲ 7.4% |
| Recurring financial income75 | €0 | €3 | €1 | €3 | €109 | €8 | €4 | €5 | ▲ 7.4% |
| Financial charges65/66B | - | - | - | €239 | €224 | €286 | €379 | €329 | ▼ 13.0% |
| Recurring financial charges65 | €152 | €216 | €230 | €239 | €224 | €286 | €379 | €329 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €21,647 | €13,933 | €8,144 | €10,424 | €1,013 | €1,090 | €20,707 | €15,349 | ▼ 25.9% |
| Income taxes67/77 | €6,203 | €4,137 | €2,686 | €3,045 | €741 | €797 | €5,856 | €4,537 | ▼ 22.5% |
| Profit (loss) for the period9904 | €15,444 | €9,796 | €5,458 | €7,379 | €272 | €293 | €14,851 | €10,812 | ▼ 27.2% |
| Profit (loss) for the period to be appropriated9905 | €15,444 | €9,796 | €5,458 | €7,379 | €272 | €293 | €14,851 | €10,812 | ▼ 27.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €78,816 | €91,544 | €95,931 | €110,471 | €86,852 | €91,781 | €102,030 | €107,516 | ▲ 5.4% |
| Fixed assets21/28 | €238 | €2,703 | €2,426 | €3,575 | €2,297 | €1,116 | €786 | €671 | ▼ 14.6% |
| Tangible fixed assets22/27 | €238 | €2,703 | €2,426 | €3,575 | €2,297 | €1,116 | €786 | €671 | ▼ 14.6% |
| Furniture and vehicles24 | - | - | - | €1,093 | €606 | €215 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €2,482 | €1,692 | €901 | €786 | €671 | ▼ 14.6% |
| Current assets29/58 | €78,578 | €88,842 | €93,505 | €106,895 | €84,555 | €90,665 | €101,244 | €106,845 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €19,985 | €19,264 | €18,351 | €15,945 | €20,621 | €21,396 | €11,651 | €3,960 | ▼ 66.0% |
| Trade receivables40 | - | - | - | €13,501 | €13,563 | €14,912 | €8,411 | €3,924 | ▼ 53.4% |
| Other amounts receivable41 | - | - | - | €2,444 | €7,058 | €6,484 | €3,240 | €36 | ▼ 98.9% |
| Cash at bank and in hand54/58 | €57,525 | €68,497 | €74,070 | €89,870 | €63,083 | €68,390 | €88,697 | €102,328 | ▲ 15.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,081 | €851 | €879 | €895 | €557 | ▼ 37.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €78,816 | €91,544 | €95,931 | €110,471 | €86,852 | €91,781 | €102,030 | €107,516 | ▲ 5.4% |
| Equity10/15 | €74,171 | €83,967 | €89,425 | €96,804 | €77,076 | €77,369 | €77,220 | €88,032 | ▲ 14.0% |
| Contributions10/11 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Capital10 | - | - | - | €12,395 | €12,395 | - | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Uncalled capital101 | - | - | - | €6,197 | €6,197 | - | - | - | - |
| Reserves13 | €36,859 | €44,859 | €49,359 | €55,359 | €55,359 | €55,359 | €54,359 | €65,159 | ▲ 19.9% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | - | €53,500 | €53,500 | €55,359 | €54,359 | €65,159 | ▲ 19.9% |
| Profit (loss) carried forward14 | €24,917 | €26,713 | €27,671 | €29,050 | €9,322 | €9,616 | €10,467 | €10,478 | ▲ 0.1% |
| Amounts payable17/49 | €4,645 | €7,578 | €6,506 | €13,666 | €9,776 | €14,412 | €24,809 | €19,483 | ▼ 21.5% |
| Amounts payable within one year42/48 | €4,645 | €7,578 | €6,506 | €13,666 | €9,776 | €14,412 | €24,809 | €19,483 | ▼ 21.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,021 | €1,014 | €1,024 | €1,006 | €1,028 | ▲ 2.2% |
| Trade debts44 | €2,937 | €4,848 | €1,986 | €6,707 | €662 | €6,018 | €1,211 | €1,294 | ▲ 6.9% |
| Suppliers440/4 | - | - | - | €6,707 | €662 | €6,018 | €1,211 | €1,294 | ▲ 6.9% |
| Taxes, remuneration and social security45 | - | - | - | €5,580 | €8,099 | €4,253 | €3,681 | €3,299 | ▼ 10.4% |
| Taxes450/3 | - | - | - | €2,080 | €8,099 | €4,253 | €3,681 | €3,299 | ▼ 10.4% |
| Remuneration and social security454/9 | - | - | - | €3,500 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €358 | - | €3,117 | €18,912 | €13,862 | ▼ 26.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,444 | €9,796 | €5,458 | €7,379 | €272 | €293 | €14,851 | €10,812 | ▼ 27.2% |
| + Depreciation and write-downs630 | €848 | €913 | €772 | €967 | €1,278 | €1,182 | €330 | €115 | ▼ 65.1% |
| Operating cash flow (approximation) | €16,292 | €10,709 | €6,230 | €8,347 | €1,550 | €1,475 | €15,181 | €10,927 | ▼ 28.0% |
| Investment in fixed assets (approximation) | - | -€3,379 | -€495 | -€2,117 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €10,971 | €5,573 | €15,800 | -€26,787 | €5,308 | €20,307 | €13,631 | ▼ 32.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as CAPALDI TRADUCTIONS has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CAPALDI TRADUCTIONS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CAPALDI TRADUCTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00206386 | |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00138925 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00143781 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00228808 | |
| 31-12-2021 | micro format | 10-06-2022 | 2022-20073607 | |
| 31-12-2020 | micro format | 13-07-2021 | 2021-34700245 | |
| 31-12-2019 | micro format | 29-03-2020 | 2020-07900153 | |
| 31-12-2018 | micro format | 03-06-2019 | 2019-15900366 | |
| 31-12-2017 | micro format | 10-07-2018 | 2018-31400131 | |
| 31-12-2016 | full format | 17-05-2017 | 2017-12300505 |