CAPHI
ActiveSummary
CAPHI has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€7,884. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 7794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+34
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 54.58 against 69.11 in 2024; short-term debt: 0.6% and cash: 0.5% of total assets), and 1.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
98.8%
Return on assets
-0.6%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
83 d early
2023
44 d early
2022
46 d early
2021
87 d early
2020
58 d early
2019
28 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 53 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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, micro schema
Equity
€1.4m▼ 4.0%
2024 · €1.4m
Total assets
€1.4m▼ 3.9%
2024 · €1.4m
Net result
-€7,884▲ 64.0%
2024 · -€21,928
Working capital
€468,755▼ 3.6%
2024 · €486,310
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-€5,807▼ 369%-€56,202▼ 868%-€26,720▲ 52.5%-€34,381▼ 28.7%-€15,911▲ 53.7%
Net result-€5,090▼ 76.4%-€78,929▼ 1,451%-€11,341▲ 85.6%-€21,928▼ 93.4%-€7,884▲ 64.0%
Equity€1.6m▼ 6.1%€1.5m▼ 4.9%€1.5m▼ 5.1%€1.4m▼ 1.5%€1.4m▼ 4.0%
Total assets€1.6m▼ 7.2%€1.5m▼ 5.1%€1.5m▼ 4.7%€1.4m▼ 2.0%€1.4m▼ 3.9%
Debt€11,546▼ 64.7%€7,607▼ 34.1%€13,723▲ 80.4%€7,140▼ 48.0%€8,748▲ 22.5%
Working capital€544,662▼ 11.0%€495,175▼ 9.1%€463,161▼ 6.5%€486,310▲ 5.0%€468,755▼ 3.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,911 in 2025 against €34,381 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€910,576 ▼ 4.3%
Current assets
€477,503 ▼ 3.2%
Equity and liabilities €1.4m
Equity
€1.4m ▼ 4.0%
Provisions
€7,324 ▼ 7.1%
Debt
€8,748 ▲ 22.5%
Debt's share of the balance-sheet total rises from 0.5% to 0.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,610▲
2024 · €12,598
Cash flow
€33,636▲
2024 · €25,050
Current ratio
54.58▼
2024 · 69.11
Debt to equity
0.01▲
2024 · 0.00
ROE
-0.6%▲
2024 · -1.5%
ROA
-0.6%▲
2024 · -1.5%
Interest coverage
116.65▲
2024 · -4.34
Debt ≤ 1 year
€8,748▲
2024 · €7,140
Income taxes
€267▲
2024 · -€1,175
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 | - | - | - | - | €6,500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,481 | €47,261 | €47,360 | €46,978 | €41,521 | ▼ 11.6% |
| Other operating charges640/8 | €2,740 | €5,420 | €3,693 | €3,639 | €3,387 | ▼ 6.9% |
| Non-recurring operating charges66A | - | - | - | €481 | €0 | ▼ 100% |
| Gross operating margin9900 | €38,414 | -€3,520 | €24,334 | €16,718 | €28,997 | ▲ 73.5% |
| Operating profit (loss)9901 | -€5,807 | -€56,202 | -€26,720 | -€34,381 | -€15,911 | ▲ 53.7% |
| Financial income75/76B | €1,924 | €2,257 | €8,505 | €7,820 | €7,957 | ▲ 1.7% |
| Recurring financial income75 | €1,924 | €2,257 | €8,505 | €7,820 | €7,957 | ▲ 1.7% |
| Financial charges65/66B | €277 | €25,236 | -€8,099 | -€2,902 | €220 | ▲ 108% |
| Recurring financial charges65 | €277 | €14,485 | -€8,099 | -€2,902 | €220 | ▲ 108% |
| Non-recurring financial charges66B | - | €10,751 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€4,160 | -€79,181 | -€10,115 | -€23,659 | -€8,173 | ▲ 65.5% |
| Transfer from deferred taxes780 | €556 | €556 | €556 | €556 | €556 | = |
| Income taxes67/77 | €1,485 | €303 | €1,781 | -€1,175 | €267 | ▲ 123% |
| Profit (loss) for the period9904 | -€5,090 | -€78,929 | -€11,341 | -€21,928 | -€7,884 | ▲ 64.0% |
| Transfer from tax-exempt reserves789 | €1,667 | €1,667 | €1,667 | €1,667 | €1,667 | = |
| Profit (loss) for the period to be appropriated9905 | -€3,423 | -€77,262 | -€9,674 | -€20,262 | -€6,218 | ▲ 69.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.5m | €1.5m | €1.4m | €1.4m | ▼ 3.9% |
| Fixed assets21/28 | €1.1m | €1.0m | €997,131 | €951,460 | €910,576 | ▼ 4.3% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €997,131 | €951,460 | €910,576 | ▼ 4.3% |
| Land and buildings22 | €937,051 | €896,129 | €855,208 | €814,286 | €773,365 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | - | - | €1,600 | €1,242 | ▼ 22.4% |
| Furniture and vehicles24 | €137,252 | €148,362 | €141,923 | €135,575 | €135,970 | ▲ 0.3% |
| Current assets29/58 | €556,207 | €502,597 | €476,847 | €493,450 | €477,503 | ▼ 3.2% |
| Amounts receivable after more than one year29 | €166,632 | €216,632 | €250,997 | €244,632 | €244,632 | = |
| Other amounts receivable291 | €166,632 | €216,632 | €250,997 | €244,632 | €244,632 | = |
| Amounts receivable within one year40/41 | €48,901 | €11,229 | €309 | €19,954 | €14,317 | ▼ 28.2% |
| Trade receivables40 | €18,150 | €11,229 | €293 | €8,146 | €10,567 | ▲ 29.7% |
| Other amounts receivable41 | €30,751 | €0 | €16 | €11,808 | €3,751 | ▼ 68.2% |
| Current investments50/53 | - | €185,708 | €197,335 | €203,256 | €205,957 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €338,911 | €85,807 | €22,614 | €20,229 | €7,299 | ▼ 63.9% |
| Deferred charges and accrued income490/1 | €1,764 | €3,222 | €5,591 | €5,379 | €5,299 | ▼ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.5m | €1.4m | €1.4m | ▼ 3.9% |
| Equity10/15 | €1.6m | €1.5m | €1.5m | €1.4m | €1.4m | ▼ 4.0% |
| Contributions10/11 | €290,026 | €290,026 | €290,026 | €290,026 | €290,026 | = |
| Reserves13 | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 5.1% |
| Non-distributable reserves130/1 | €5 | €5 | €5 | €5 | €5 | = |
| Reserves not available under the articles1311 | €5 | €5 | €5 | €5 | €5 | = |
| Other1319 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €28,643 | €26,976 | €25,309 | €23,643 | €21,976 | ▼ 7.1% |
| Distributable reserves133 | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 5.0% |
| Profit (loss) carried forward14 | €0 | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €9,547 | €8,991 | €8,435 | €7,880 | €7,324 | ▼ 7.1% |
| Deferred taxes168 | €9,547 | €8,991 | €8,435 | €7,880 | €7,324 | ▼ 7.1% |
| Amounts payable17/49 | €11,546 | €7,607 | €13,723 | €7,140 | €8,748 | ▲ 22.5% |
| Amounts payable within one year42/48 | €11,546 | €7,422 | €13,686 | €7,140 | €8,748 | ▲ 22.5% |
| Trade debts44 | €1,053 | €1,666 | €3,012 | €805 | €4,071 | ▲ 406% |
| Suppliers440/4 | €1,053 | €1,666 | €3,012 | €805 | €4,071 | ▲ 406% |
| Taxes, remuneration and social security45 | €10,035 | €5,546 | €5,876 | €6,335 | €4,677 | ▼ 26.2% |
| Taxes450/3 | €10,035 | €5,546 | €5,876 | €6,335 | €4,677 | ▼ 26.2% |
| Other amounts payable47/48 | €458 | €211 | €4,798 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €185 | €37 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,090 | -€78,929 | -€11,341 | -€21,928 | -€7,884 | ▲ 64.0% |
| + Depreciation and write-downs630 | €41,481 | €47,261 | €47,360 | €46,978 | €41,521 | ▼ 11.6% |
| Operating cash flow (approximation) | €36,391 | -€31,667 | €36,020 | €25,050 | €33,636 | ▲ 34.3% |
| Investment in fixed assets (approximation) | - | -€17,449 | €0 | -€1,308 | -€636 | ▲ 51.3% |
| Change in cash | - | -€253,104 | -€63,193 | -€2,385 | -€12,931 | ▼ 442% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€78,929
Net result drops to -€78,929, the lowest in the series; recovery starts the following year.
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 48.18
Current ratio from 19.72 to 48.18; short-term debt falls from €32,684 to €11,546.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €152,534 ▲12,086%
Operating result €57,594, net result €152,534, both a record.
31-12
Financial
Liquidity times 24current ratio 31.82
Current ratio from 1.33 to 31.82; short-term debt falls from €24,549 to €23,405.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Merelbeke-Melle · 1 establishment unit since 2009
Ground area
1.8 ha
Building footprint
260 m²
Volume, LiDAR
2,602 m³
Parcel 44041A0218/00C000, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CAPHI
since 20092.175.850.055
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44041A0218/00C000 | Flanders | 1.8 ha | 1 · 260 m² | 14.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerelbeke-Melle2.175.850.055
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,412. 3,957 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
55100Hotels and similar accommodation
56210Event catering
68110Buying and selling of own real estate
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.