CAPE COD
ActiveSummary
CAPE COD has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €475,262 and a net result of €78,149. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 63% of 169 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability78▼-3
Solvency69▼-11
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.94 in 2025; short-term debt: 55.5% and cash: 45.9% of total assets), but 55.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2026Solvency, return and age of the figures
Solvency
44.5%
Return on assets
7.3%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 31-07-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
31 d early
2025
31 d early
2024
30 d late
2023
1 d late
2022
68 d early
2021
62 d early
2020
31 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 27 days before 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 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 31 July (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€78,149▼ 16.3%
2025 · €93,367
Working capital
€367,241▼ 9.7%
2025 · €406,620
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€160,907▲ 3,082%€49,546▼ 69.2%€51,866▲ 4.7%€119,813▲ 131%€91,500▼ 23.6%
Net result€151,615above the sector's middle half▲ 1,498%€53,654within the sector's middle half▼ 64.6%€52,289within the sector's middle half▼ 2.5%€93,367within the sector's middle half▲ 78.6%€78,149▼ 16.3%
Equity€358,057within the sector's middle half▼ 38.4%€411,711within the sector's middle half▲ 15.0%€464,000within the sector's middle half▲ 12.7%€533,737within the sector's middle half▲ 15.0%€475,262▼ 11.0%
Total assets€726,646within the sector's middle half▼ 9.3%€747,517within the sector's middle half▲ 2.9%€734,214within the sector's middle half▼ 1.8%€967,484within the sector's middle half▲ 31.8%€1.1m▲ 10.4%
Debt€368,589▲ 67.9%€335,806▼ 8.9%€270,214▼ 19.5%€433,747▲ 60.5%€593,113▲ 36.7%
Working capital€294,058within the sector's middle half▼ 42.2%€254,556within the sector's middle half▼ 13.4%€298,731within the sector's middle half▲ 17.4%€406,620within the sector's middle half▲ 36.1%€367,241▼ 9.7%
Solvency49.3%within the sector's middle half▼ 23.3pp55.1%within the sector's middle half▲ 5.8pp63.2%above the sector's middle half▲ 8.1pp55.2%within the sector's middle half▼ 8.0pp44.5%▼ 10.7pp
Current ratio1.80within the sector's middle half▼ 1.521.76within the sector's middle half▼ 0.042.11within the sector's middle half▲ 0.351.94within the sector's middle half▼ 0.171.62▼ 0.32
Return on assets (ROA)20.9%above the sector's middle half▲ 19.7pp7.2%within the sector's middle half▼ 13.7pp7.1%within the sector's middle half▼ 0.1pp9.7%above the sector's middle half▲ 2.5pp7.3%▼ 2.3pp
Staff (FTE)13.4within the sector's middle half▲ 6.3%13.9within the sector's middle half▲ 3.7%14within the sector's middle half▲ 0.7%14.2within the sector's middle half▲ 1.4%14.9▲ 4.9%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 24% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.1m
Fixed assets
€108,021 ▼ 15.0%
Current assets
€960,353 ▲ 14.3%
Equity and liabilities €1.1m
Equity
€475,262 ▼ 11.0%
Debt
€593,113 ▲ 36.7%
Debt's share of the balance-sheet total rises from 44.8% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€127,800▼
2025 · €159,933
Cash flow
€114,449▼
2025 · €133,487
Quick ratio
0.93▼
2025 · 1.03
Debt to equity
1.25▲
2025 · 0.81
ROE
16.4%▼
2025 · 17.5%
Interest coverage
12.86▼
2025 · 19.00
Debt ≤ 1 year
€593,113▲
2025 · €433,747
Income taxes
€33,921▼
2025 · €44,087
Staff costs
€795,383▲
2025 · €760,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €602,624 | €709,721 | €754,094 | €760,685 | €795,383 | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,194 | €24,315 | €39,389 | €40,120 | €36,300 | ▼ 9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€24,912 | -€11,481 | -€2,851 | €5,881 | -€2,468 | ▼ 142% |
| Other operating charges640/8 | €3,128 | €1,369 | €2,499 | €2,198 | €3,407 | ▲ 55.0% |
| Non-recurring operating charges66A | - | €15,000 | €0 | - | - | - |
| Gross operating margin9900 | €762,941 | €788,471 | €844,997 | €928,698 | €924,122 | ▼ 0.5% |
| Operating profit (loss)9901 | €160,907 | €49,546 | €51,866 | €119,813 | €91,500 | ▼ 23.6% |
| Financial income75/76B | €24,952 | €29,695 | €29,695 | €26,059 | €30,509 | ▲ 17.1% |
| Recurring financial income75 | €24,952 | €29,695 | €29,695 | €26,059 | €30,509 | ▲ 17.1% |
| Financial charges65/66B | €1,609 | €5,033 | €8,070 | €8,418 | €9,940 | ▲ 18.1% |
| Recurring financial charges65 | €1,609 | €5,033 | €8,070 | €8,418 | €9,940 | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €184,250 | €74,208 | €73,492 | €137,455 | €112,069 | ▼ 18.5% |
| Income taxes67/77 | €32,635 | €20,554 | €21,203 | €44,087 | €33,921 | ▼ 23.1% |
| Profit (loss) for the period9904 | €151,615 | €53,654 | €52,289 | €93,367 | €78,149 | ▼ 16.3% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €151,615 | €53,654 | €52,289 | €93,367 | €78,149 | ▼ 16.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €726,646 | €747,517 | €734,214 | €967,484 | €1.1m | ▲ 10.4% |
| Fixed assets21/28 | €63,999 | €157,155 | €165,269 | €127,117 | €108,021 | ▼ 15.0% |
| Tangible fixed assets22/27 | €63,208 | €156,364 | €164,229 | €126,077 | €106,981 | ▼ 15.1% |
| Plant, machinery and equipment23 | €45,830 | €137,390 | €129,230 | €103,546 | €92,501 | ▼ 10.7% |
| Furniture and vehicles24 | €17,378 | €18,974 | €34,999 | €22,531 | €14,480 | ▼ 35.7% |
| Financial fixed assets28 | €791 | €791 | €1,041 | €1,041 | €1,041 | = |
| Current assets29/58 | €662,647 | €590,363 | €568,944 | €840,367 | €960,353 | ▲ 14.3% |
| Stocks and contracts in progress3 | €294,947 | €355,882 | €425,459 | €395,338 | €409,653 | ▲ 3.6% |
| Stocks30/36 | €294,947 | €355,882 | €425,459 | €395,338 | €409,653 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €22,683 | €49,833 | €65,786 | €11,432 | €56,351 | ▲ 393% |
| Trade receivables40 | €124 | €146 | €26,743 | €11,432 | €16,205 | ▲ 41.7% |
| Other amounts receivable41 | €22,559 | €49,687 | €39,044 | €0 | €40,146 | - |
| Cash at bank and in hand54/58 | €336,843 | €174,487 | €69,740 | €423,171 | €490,848 | ▲ 16.0% |
| Deferred charges and accrued income490/1 | €8,174 | €10,161 | €7,959 | €10,426 | €3,502 | ▼ 66.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €726,646 | €747,517 | €734,214 | €967,484 | €1.1m | ▲ 10.4% |
| Equity10/15 | €358,057 | €411,711 | €464,000 | €533,737 | €475,262 | ▼ 11.0% |
| Contributions10/11 | €122,000 | €122,000 | €122,000 | €122,000 | €122,000 | = |
| Capital10 | €122,000 | €122,000 | €122,000 | €122,000 | €122,000 | = |
| Issued capital100 | €122,000 | €122,000 | €122,000 | €122,000 | €122,000 | = |
| Reserves13 | €229,554 | €283,208 | €283,208 | €283,208 | €283,208 | = |
| Non-distributable reserves130/1 | €12,200 | €12,200 | €12,200 | €12,200 | €12,200 | = |
| Legal reserve130 | €12,200 | €12,200 | €12,200 | €12,200 | €12,200 | = |
| Distributable reserves133 | €217,354 | €271,008 | €271,008 | €271,008 | €271,008 | = |
| Profit (loss) carried forward14 | €6,503 | €6,503 | €58,792 | €128,529 | €68,529 | ▼ 46.7% |
| Investment grants15 | - | - | - | - | €1,525 | - |
| Amounts payable17/49 | €368,589 | €335,806 | €270,214 | €433,747 | €593,113 | ▲ 36.7% |
| Amounts payable within one year42/48 | €368,589 | €335,806 | €270,214 | €433,747 | €593,113 | ▲ 36.7% |
| Trade debts44 | €44,536 | €74,153 | €32,149 | €107,062 | €155,864 | ▲ 45.6% |
| Suppliers440/4 | €44,536 | €74,153 | €32,149 | €107,062 | €155,864 | ▲ 45.6% |
| Advances received on contracts in progress46 | €330 | €469 | €809 | €688 | €489 | ▼ 28.9% |
| Taxes, remuneration and social security45 | €205,486 | €181,810 | €151,130 | €155,276 | €201,119 | ▲ 29.5% |
| Taxes450/3 | €101,583 | €78,470 | €52,487 | €54,345 | €51,114 | ▼ 5.9% |
| Remuneration and social security454/9 | €103,903 | €103,340 | €98,643 | €100,931 | €150,004 | ▲ 48.6% |
| Other amounts payable47/48 | €118,237 | €79,374 | €86,125 | €170,722 | €235,641 | ▲ 38.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €151,615 | €53,654 | €52,289 | €93,367 | €78,149 | ▼ 16.3% |
| + Depreciation and write-downs630 | €21,194 | €24,315 | €39,389 | €40,120 | €36,300 | ▼ 9.5% |
| Operating cash flow (approximation) | €172,809 | €77,970 | €91,678 | €133,487 | €114,449 | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | -€117,471 | -€47,503 | -€1,968 | -€17,204 | ▼ 774% |
| Change in cash | - | -€162,356 | -€104,747 | €353,431 | €67,677 | ▼ 80.9% |
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 2027, expected by
2026
07-08
State Gazette act
Appointment: EDEN CAP SRL (managing director)Reappointment: Défense et Union des Coopérateurs K (director) · Resignations: de Marchin Pauline, de Marchin Thomas and 3 others8 facts ▸
State Gazette act
Appointment: EDEN CAP SRL (managing director)
Reappointment: Défense et Union des Coopérateurs K (director) · Resignations: de Marchin Pauline, de Marchin Thomas and 3 others8 facts ▸
- General meeting, 15-04-2026
- Director appointment, EDEN CAP SRL (managing director)
- Director reappointment, Défense et Union des Coopérateurs K (director)
- Director resignation, de Marchin Pauline (director)
- Director resignation, de Marchin Thomas (director)
- Director resignation, de Hardy Catherine (director)
- Director resignation, Hardy Nicolas (director)
- Director resignation, Weisscher Jacqueline (director)
31-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-01
Financial
Equity above €500,000Eq €533,737 ▲15%
6 profitable years in a row build equity to €533,737.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-01
Financial
Highest result since 2019net €151,615 ▲1,498%
Operating result €160,907, net result €151,615, both a record.
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-01
Financial
Back to profitnet €7,583
Net result €7,583 after one loss-making year.
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
Défense et Union des Coopérateurs K
CurrentDirector · Public limited company · perm. rep.: de Marchin Georges
Day-to-day management 1
EDEN CAP
CurrentManaging director · since 28-11-2025 · Private limited company · perm. rep.: Julien Lenglois
Permanent representatives 2
Julien Lenglois
CurrentPermanent representative · since 28-11-2025 · for EDEN CAP
de Marchin Georges
CurrentPermanent representative · for Défense et Union des Coopérateurs K
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2000
Ground area
463 m²
Building footprint
80 m²
Volume, LiDAR
943 m³
Parcel 62803A1162/00A000, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DUCK
since 20002.142.875.104
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1162/00A000 | Wallonia | 463 m² | 1 · 80 m² | 14.3 m · 4 fl. |
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.
Mandate history
7 people since 2025, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Défense et Union des Coopérateurs K |
|
| EDEN CAP |
|
| de Hardy Catherine |
|
| de Marchin Pauline |
|
| de Marchin Thomas |
|
| Hardy Nicolas |
|
| Weisscher Jacqueline |
|
Structure & network
Connections & network
2 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,474 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
Founded07-07-1983
Fiscal year end31-01
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
56112Limited-service restaurants, excluding mobile food services
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424180604
Also
9925:BE0424180604
Registered
12-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.