Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2017 to 2025 closed with a loss. 2017 was the heaviest.
Of this, €60,452 falls due within a year.
In July 2024, 6,635 companies had the same profile as CAPARA has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,635 companies, not a prediction for CAPARA. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CAPARA Antwerp | €23,805 | -€7,443 | -587.6% | - |
| Nozomu Corp. Profondeville | €23,369 | -€3,017 | 98.7% | - |
| CHRISTOPHE LARDOT & FRIENDS Liège | €18,591 | €987 | -36.6% | - |
| Pierre Daems Knokke-Heist | €19,254 | -€29,088 | -484.0% | - |
| VICKY VINCK Antwerp | €26,700 | -€17,565 | 66.5% | - |
| STEPHAN BADAL Antwerp | €50,196 | -€20,009 | -157.4% | - |
| Studio Holding Antwerp | €26,170 | -€1,908 | 46.0% | - |
These companies have the same main activity as CAPARA: design of textile patterns, clothing, jewellery, furniture and decorative items (NACE 74111). They are comparable in size and age: total assets between €18,600 and €50,200, founded between 1988 and 2012.
CAPARA files the micro format. That format states no turnover. The gross margin rose from -€93,544 in 2017 to -€7,443 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Lower than 95% of 4,561 companies in 2025.
Higher than 8% of 4,377 companies in 2025.
Higher than 9% of 4,412 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
23,805 | 27,880 | 29,357 | 31,604 | 36,115 | 51,620 | 78,113 | 127,969 | 225,719 | |
21/28 |
300 | 1,450 | 2,668 | 4,035 | 3,891 | 17,618 | 45,037 | 87,814 | 131,614 | |
21 |
- | - | 0 | 0 | 803 | 16,168 | 43,187 | 86,964 | 130,707 | |
22/27 |
- | - | 1,218 | 2,585 | 1,639 | - | - | - | - | |
24 |
- | - | 1,218 | 2,585 | 1,639 | - | - | - | - | |
28 |
300 | 1,450 | 1,450 | 1,450 | 1,450 | 1,450 | 1,850 | 850 | 906 | |
29/58 |
23,505 | 26,430 | 26,689 | 27,569 | 32,224 | 34,002 | 33,075 | 40,155 | 94,106 | |
3 |
8,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 15,000 | 22,500 | - | |
30/36 |
8,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 15,000 | 22,500 | - | |
40/41 |
15,486 | 15,548 | 15,765 | 16,891 | 15,714 | 15,653 | 15,993 | 16,605 | 91,284 | |
40 |
15,338 | 15,548 | 15,284 | 16,285 | 15,284 | 15,284 | 15,939 | 15,136 | 80,610 | |
41 |
148 | - | 481 | 606 | 431 | 370 | 54 | 1,469 | 10,674 | |
54/58 |
19 | 881 | 924 | 678 | 6,509 | 8,084 | 2,082 | 1,050 | 1,861 | |
490/1 |
- | - | - | - | - | 265 | - | - | 961 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
23,805 | 27,880 | 29,357 | 31,604 | 36,115 | 51,620 | 78,113 | 127,969 | 225,719 | |
10/15 |
-139,887 | -132,387 | -121,587 | -112,385 | -101,905 | -83,072 | -42,128 | 5,624 | 80,853 | |
10/11 |
672,980 | 672,980 | 672,980 | 672,980 | 672,980 | 672,980 | 672,980 | 672,980 | 672,980 | |
100 |
- | - | - | - | - | - | 672,980 | 672,980 | 672,980 | |
14 |
-812,867 | -805,367 | -794,567 | -785,365 | -774,885 | -756,052 | -715,108 | -667,356 | -592,127 | |
17/49 |
163,692 | 160,267 | 150,944 | 143,989 | 138,020 | 134,692 | 120,241 | 122,345 | 144,866 | |
17 |
103,240 | 103,240 | 103,240 | 103,240 | 103,240 | 103,240 | 103,240 | 103,240 | 54,290 | |
170/4 |
103,240 | 103,240 | 103,240 | 103,240 | 103,240 | 103,240 | 103,240 | 103,240 | 54,290 | |
42/48 |
60,452 | 57,027 | 47,704 | 40,749 | 34,780 | 31,452 | 17,001 | 19,105 | 90,576 | |
43 |
- | - | - | - | - | 811 | 327 | - | - | |
430/8 |
- | - | - | - | - | 811 | 327 | - | - | |
44 |
10,675 | 10,217 | 11,375 | 11,167 | 9,716 | 9,696 | 10,060 | 13,220 | 87,608 | |
440/4 |
10,675 | 10,217 | 11,375 | 11,167 | 9,716 | 9,696 | 10,060 | 13,220 | 87,608 | |
45 |
- | 43 | - | - | - | - | - | 3,267 | 2,969 | |
450/3 |
- | 43 | - | - | - | - | - | 96 | - | |
454/9 |
- | - | - | - | - | - | - | 3,171 | 2,969 | |
47/48 |
49,777 | 46,767 | 36,329 | 29,582 | 25,064 | 20,945 | 6,614 | 2,617 | - | |
| Income statement | ||||||||||
9900 |
-7,443 | -9,007 | -7,285 | -7,694 | -2,783 | -13,414 | -3,995 | -12,955 | -93,544 | |
62 |
- | - | - | - | - | - | - | 12,870 | 25,039 | |
630 |
- | 1,218 | 1,367 | 2,170 | 15,515 | 27,019 | 43,777 | 47,756 | 49,824 | |
640/8 |
120 | 505 | 493 | 566 | 449 | 448 | 827 | 831 | 1,055 | |
9901 |
-7,563 | -10,731 | -9,145 | -10,429 | -18,746 | -40,881 | -48,599 | -74,412 | -169,461 | |
75/76B |
114 | - | - | - | - | - | 1,135 | 8 | 362 | |
75 |
114 | - | - | - | - | - | 1,135 | 8 | 362 | |
65/66B |
51 | 69 | 57 | 50 | 87 | 63 | 90 | 730 | 511 | |
65 |
51 | 69 | 57 | 50 | 87 | 63 | 90 | 730 | 511 | |
9903 |
-7,500 | -10,800 | -9,202 | -10,480 | -18,834 | -40,943 | -47,553 | -75,133 | -169,610 | |
67/77 |
- | - | - | - | - | - | 199 | 96 | - | |
9904 |
-7,500 | -10,800 | -9,202 | -10,480 | -18,834 | -40,943 | -47,752 | -75,229 | -169,610 | |
9905 |
-7,500 | -10,800 | -9,202 | -10,480 | -18,834 | -40,943 | -47,752 | -75,229 | -169,610 | |
| Appropriation of the result | ||||||||||
9906 |
-812,867 | -805,367 | -794,567 | -785,365 | -774,885 | -756,052 | -715,108 | -667,356 | -592,127 | |
14P |
-805,367 | -794,567 | -785,365 | -774,885 | -756,052 | - | - | - | - | |
| Social balance sheet | ||||||||||
9087 |
- | - | - | - | - | - | - | 1.2 | 1.1 | |
Hours worked1013 |
- | - | - | - | - | - | - | 503 | 1,556 | |
| Document | ||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00223872 | |
| 31-12-2024 | micro format | 27-07-2025 | 2025-00313076 | |
| 31-12-2023 | micro format | 21-07-2024 | 2024-00266698 | |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00207776 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20119086 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-27900357 | |
| 31-12-2019 | micro format | 30-08-2020 | 2020-48100057 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-24900460 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26500391 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| - | -9,513 | -7,779 | -8,260 | -3,232 | -13,861 | -4,822 | -26,656 | -119,638 | ||
| - | -9,582 | -7,836 | -8,310 | -3,319 | -13,924 | -3,976 | -27,473 | -119,787 | ||
| - | -0 | 0 | 2,313 | 1,788 | -400 | 1,000 | 4,013 | 72,871 | ||
| -863 | -43 | 247 | -5,832 | -1,575 | 6,002 | 1,033 | -811 | - | ||
| -36,947 | -30,597 | -21,015 | -13,180 | -2,556 | 2,550 | 16,074 | 21,050 | 3,529 | ||
| -587.6% | -474.8% | -414.2% | -355.6% | -282.2% | -160.9% | -53.9% | 4.4% | 35.8% | ||
| 0.39 | 0.46 | 0.56 | 0.68 | 0.93 | 1.08 | 1.95 | 2.10 | 1.04 | ||
| 0.26 | 0.29 | 0.35 | 0.43 | 0.64 | 0.76 | 1.06 | 0.92 | 1.04 | ||
| - | - | - | - | - | - | - | 21.76 | 1.79 | ||
| - | - | - | - | - | - | - | - | -209.8% | ||
| -31.5% | -38.7% | -31.3% | -33.2% | -52.1% | -79.3% | -61.1% | -58.8% | -75.1% | ||
| - | -137.70 | -136.46 | -164.54 | -36.98 | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €2,313 | €1,788 |
| - | €1,218 | €1,367 | €2,170 | €15,515 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €7,563, smaller than the loss of €10,731 in 2024.
Equity is negative. Debt (€163,692) exceeds the balance-sheet total (€23,805).
CAPARA has no parent and no holdings in its annual accounts. CAPARA shares no director with another company.
| Ode
establishment since 13-05-2013 · founded in 2013 |
total assets €1.3m (2025) 0534.594.912 |
| ABRAHAM HOCHWALD
registered office since 21-01-1992 · founded in 1991 |
total assets €91,290 (2025) 0446.170.405 |
| Cobzariu, Dan (sole trader)
establishment since 15-10-2024 |
founded in 2024 1016.940.674 |
| De Croock, Olivier (sole trader)
establishment since 17-08-2021 |
founded in 2021 0771.982.913 |
| Vereniging van Mede-eigenaars Home Peter Benoit en Home Jan Blockx te Antwerpen, Grétrystraat 2, 2/a, 2/b en 2/c
registered office since 01-08-1995 |
founded in 1995 0899.312.734 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Grétrystraat 2 registered office 2018 Antwerp | ||
| Grétrystraat 2 A 2018 Antwerp | 24-04-2002 | 2.095.904.338 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11806F1347/00K030 | 433 m² | 1 · 426 m² | 29.2 m · 9 |
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