Financials
- Fiscal year
- 2025
- Total assets
- €39,227
- Loss
- -€80,649
- Solvency
- -102.1%
Total assets▼ 44.7%
Net result
20242025
Capilano Circular Design Studio
ActiveSummary
Capilano Circular Design Studio has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€40,044) and a net result of -€80,649. Its solvency ranks better than 8% of 709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
What they do
Other manufacturing
NACE 32300
1 site
How big
€39,227total assets 2025
- Equity
- -€40,044
- Loss
- -€80,649
Turnover not published (abridged schema)
Who decides
Accounts 56 d early0 of 1 deed read
Why 53Capped at 59: negative equity- Negative equity -€40,044- Loss of €80,649 (FY 2025)+ Liquidity: current ratio 0.49, cash €37,138+ Size: total assets €39,227Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 15% of its sector peers (NACE 32, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0-82
equity -102.1% of total assets
Liquidity
50-30
short-term debt 202.1% · cash 94.7%
Profitability
0-100
return on assets -205.6%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.3%
12-2024: 1.4%▲ +7.6% vs 11-2024
01-2025: 1.5%▲ +6.2% vs 12-2024
02-2025: 1.7%▲ +11.3% vs 01-2025
03-2025: 1.7%● 0.0% vs 02-2025
04-2025: 1.8%▲ +10.3% vs 03-2025highest value
05-2025: 0.1%▼ -93.5% vs 04-2025
06-2025: 0.1%▼ -1.7% vs 05-2025lowest value
07-2025: 0.1%● 0.0% vs 06-2025lowest value
08-2025: 0.1%▲ +6.9% vs 07-2025
09-2025: 0.1%▲ +11.3% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%▼ -13.0% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%▼ -1.7% vs 02-2026
04-2026: 0.1%▼ -0.8% vs 03-2026
05-2026: 0.1%▲ +13.7% vs 04-2026
06-2026: 0.1%▲ +1.5% vs 05-2026
07-2026: 1.2%▲ +781% vs 06-2026
08-2026: 1.2%● 0.0% vs 07-2026
09-2026: 1.2%● 0.0% vs 08-2026
10-2026: 1.2%● 0.0% vs 09-2026
- Negative equity -€40,044 raises the probability
- Liquidity: current ratio 0.49, cash €37,138 lowers the probability
- Size: total assets €39,227 lowers the probability for this profile
- Loss of €80,649 (FY 2025) raises the probability
No credit on open account
Liquidity short (current ratio 0.49 against 2.32 in 2024; short-term debt: 202.1% and cash: 94.7% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 32, micro). Better than this share of them on solvency 6%, liquidity 45%, profitability 6%, growth against the median 3%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€40,044
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 05-06-2026, 56 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
56 d early
2024
118 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 87 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% 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
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2025
- Next accounts
- by 31-07-2027
- 05-06-2026Annual accounts filed
- 04-04-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other manufacturingNACE 32300
- Founded
- 21-08-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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