Capilariteit
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €58,669, larger than the loss of €54,086 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €4,331 | €305 |
| Intangible fixed assets | €63,984 | €3,027 |
| Depreciation and write-downs of the year | €18,749 | €14,157 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €720 awarded · €720 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,749 | €14,157 | ▼ 24.5% |
| Other operating charges640/8 | €213 | €128 | ▼ 40.0% |
| Gross operating margin9900 | -€35,124 | -€44,384 | ▼ 26.4% |
| Operating profit (loss)9901 | -€54,086 | -€58,669 | ▼ 8.5% |
| Financial income75/76B | €1 | €0 | ▼ 84.6% |
| Recurring financial income75 | €1 | €0 | ▼ 84.6% |
| Financial charges65/66B | €1,549 | €1,655 | ▲ 6.9% |
| Recurring financial charges65 | €1,549 | €1,655 | ▲ 6.9% |
| Profit (loss) for the period before taxes9903 | -€55,634 | -€60,324 | ▼ 8.4% |
| Income taxes67/77 | €221 | €154 | ▼ 30.1% |
| Profit (loss) for the period9904 | -€55,855 | -€60,478 | ▼ 8.3% |
| Profit (loss) for the period to be appropriated9905 | -€55,855 | -€60,478 | ▼ 8.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €81,644 | €63,547 | ▼ 22.2% |
| Fixed assets21/28 | €49,566 | €38,742 | ▼ 21.8% |
| Intangible fixed assets21 | €46,465 | €36,361 | ▼ 21.7% |
| Tangible fixed assets22/27 | €3,102 | €2,380 | ▼ 23.3% |
| Plant, machinery and equipment23 | €2,763 | €2,119 | ▼ 23.3% |
| Furniture and vehicles24 | €338 | €261 | ▼ 22.8% |
| Current assets29/58 | €32,078 | €24,805 | ▼ 22.7% |
| Stocks and contracts in progress3 | €7,452 | €8,823 | ▲ 18.4% |
| Stocks30/36 | €7,452 | €8,823 | ▲ 18.4% |
| Amounts receivable within one year40/41 | €5,982 | €5,710 | ▼ 4.6% |
| Trade receivables40 | €1,386 | €2,646 | ▲ 91.0% |
| Other amounts receivable41 | €4,597 | €3,063 | ▼ 33.4% |
| Cash at bank and in hand54/58 | €16,491 | €9,321 | ▼ 43.5% |
| Deferred charges and accrued income490/1 | €2,153 | €952 | ▼ 55.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €81,644 | €63,547 | ▼ 22.2% |
| Equity10/15 | -€40,855 | -€101,333 | ▼ 148% |
| Contributions10/11 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€55,855 | -€116,333 | ▼ 108% |
| Amounts payable17/49 | €122,499 | €164,880 | ▲ 34.6% |
| Amounts payable after more than one year17 | €30,000 | €30,000 | = |
| Financial debts170/4 | €30,000 | €30,000 | = |
| Amounts payable within one year42/48 | €92,499 | €134,880 | ▲ 45.8% |
| Trade debts44 | €1,892 | €5,159 | ▲ 173% |
| Suppliers440/4 | €1,892 | €5,159 | ▲ 173% |
| Taxes, remuneration and social security45 | €221 | €375 | ▲ 69.9% |
| Taxes450/3 | €221 | €375 | ▲ 69.9% |
| Other amounts payable47/48 | €90,386 | €129,346 | ▲ 43.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€55,855 | -€60,478 | ▼ 8.3% |
| + Depreciation and write-downs630 | €18,749 | €14,157 | ▼ 24.5% |
| Operating cash flow (approximation) | -€37,106 | -€46,322 | ▼ 24.8% |
| Investment in fixed assets (approximation) | - | -€3,332 | - |
| Change in cash | - | -€7,170 | - |
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, 7,639 companies had the same profile as Capilariteit has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Capilariteit itself: 2.7% 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 7,639 companies, not a prediction for Capilariteit. 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.