CAPINO
ActiveSummary
The annual accounts of CAPINO for fiscal year 2025 show a net loss of 68% of total assets. The 2025 annual accounts show equity of €236,972 and a net result of -€178,766. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 18537 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-81
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 10.66 against 9.19 in 2024; short-term debt: 9.4% and cash: 40.6% of total assets), and 9.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.6%
Return on assets
-68.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 15-04-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
1 d early
2023
on the day
2022
30 d early
2021
45 d early
2020
36 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 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€236,972▼ 43.0%
2024 · €415,738
Total assets
€261,456▼ 43.4%
2024 · €462,036
Net result
-€178,766
2024 · €45,615
Working capital
€236,451▼ 37.7%
2024 · €379,352
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
Line20212022202320242025
Operating result€24,825▲ 7.8%-€3,268€2,166€56,485▲ 2,508%-€183,904
Net result€17,055within the sector's middle half▼ 22.3%€3,680within the sector's middle half▼ 78.4%-€3,595within the sector's middle half€45,615above the sector's middle half-€178,766below the sector's middle half
Equity€376,390above the sector's middle half▲ 4.7%€380,070above the sector's middle half▲ 1.0%€376,475above the sector's middle half▼ 0.9%€415,738above the sector's middle half▲ 10.4%€236,972above the sector's middle half▼ 43.0%
Total assets€419,353above the sector's middle half▼ 8.5%€430,124above the sector's middle half▲ 2.6%€399,044above the sector's middle half▼ 7.2%€462,036above the sector's middle half▲ 15.8%€261,456within the sector's middle half▼ 43.4%
Debt€42,963▼ 56.7%€50,054▲ 16.5%€22,569▼ 54.9%€46,299▲ 105%€24,484▼ 47.1%
Working capital€342,022▲ 4.6%€342,167=€340,090▼ 0.6%€379,352▲ 11.5%€236,451▼ 37.7%
Solvency89.8%above the sector's middle half▲ 11.4pp88.4%above the sector's middle half▼ 1.4pp94.3%above the sector's middle half▲ 6.0pp90.0%above the sector's middle half▼ 4.4pp90.6%above the sector's middle half▲ 0.7pp
Staff (FTE)1▼ 9.1%
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €183,904 after €56,485 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €261,456
Fixed assets
€521 ▼ 98.6%
Current assets
€260,935 ▼ 38.7%
Equity and liabilities €261,456
Equity
€236,972 ▼ 43.0%
Debt
€24,484 ▼ 47.1%
Debt's share of the balance-sheet total falls from 10.0% to 9.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€183,398▼
2024 · €58,770
Cash flow
-€178,259▼
2024 · €47,901
Current ratio
10.66▲
2024 · 9.19
Quick ratio
9.65▲
2024 · 2.20
Debt to equity
0.10▼
2024 · 0.11
ROE
-75.4%▼
2024 · 11.0%
ROA
-68.4%▼
2024 · 9.9%
Interest coverage
-57.51▼
2024 · 20.19
Debt ≤ 1 year
€24,484▼
2024 · €46,299
Income taxes
-€8,309▼
2024 · €7,959
Staff costs
€0▼
2024 · €761
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,836 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €51 | €278 | €2,286 | €6,353 | ▲ 178% |
| Remuneration, social security and pensions62 | - | €40,998 | €1,447 | €761 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,652 | - | €2,286 | €2,286 | €506 | ▼ 77.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €75,812 | - |
| Other operating charges640/8 | - | €4,137 | €1,736 | €1,768 | €2,782 | ▲ 57.4% |
| Non-recurring operating charges66A | - | - | - | €214 | €33,296 | ▲ 15,425% |
| Gross operating margin9900 | €63,778 | €41,866 | €7,634 | €61,514 | -€71,508 | ▼ 216% |
| Operating profit (loss)9901 | €24,825 | -€3,268 | €2,166 | €56,485 | -€183,904 | ▼ 426% |
| Financial income75/76B | - | €4,922 | - | - | €19 | - |
| Recurring financial income75 | - | €4,922 | - | - | €19 | - |
| Financial charges65/66B | - | €2,974 | €2,917 | €2,911 | €3,189 | ▲ 9.6% |
| Recurring financial charges65 | €2,770 | €2,974 | €2,917 | €2,911 | €3,189 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | €22,055 | -€1,320 | -€751 | €53,574 | -€187,075 | ▼ 449% |
| Income taxes67/77 | €5,000 | -€5,000 | €2,844 | €7,959 | -€8,309 | ▼ 204% |
| Profit (loss) for the period9904 | €17,055 | €3,680 | -€3,595 | €45,615 | -€178,766 | ▼ 492% |
| Profit (loss) for the period to be appropriated9905 | €17,055 | €3,680 | -€3,595 | €45,615 | -€178,766 | ▼ 492% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €419,353 | €430,124 | €399,044 | €462,036 | €261,456 | ▼ 43.4% |
| Fixed assets21/28 | €38,170 | €38,671 | €36,386 | €36,386 | €521 | ▼ 98.6% |
| Tangible fixed assets22/27 | €38,035 | €38,537 | €36,251 | €36,251 | €521 | ▼ 98.6% |
| Land and buildings22 | - | €4,997 | €4,997 | €4,997 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €21,168 | €20,970 | €20,970 | €521 | ▼ 97.5% |
| Furniture and vehicles24 | - | €12,371 | €10,283 | €10,283 | €0 | ▼ 100% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €0 | ▼ 100% |
| Current assets29/58 | €381,183 | €391,453 | €362,658 | €425,651 | €260,935 | ▼ 38.7% |
| Stocks and contracts in progress3 | €260,044 | €309,112 | €323,769 | €323,769 | €24,755 | ▼ 92.4% |
| Stocks30/36 | - | €309,112 | €323,769 | €323,769 | €24,755 | ▼ 92.4% |
| Amounts receivable within one year40/41 | - | €12,445 | €951 | €1,653 | €5,147 | ▲ 211% |
| Trade receivables40 | - | €12,445 | €951 | - | €147 | - |
| Other amounts receivable41 | - | - | - | €1,653 | €5,000 | ▲ 202% |
| Current investments50/53 | €58,650 | €36,515 | €36,515 | €36,515 | €125,000 | ▲ 242% |
| Cash at bank and in hand54/58 | €62,489 | €33,381 | €1,423 | €63,714 | €106,034 | ▲ 66.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €419,353 | €430,124 | €399,044 | €462,036 | €261,456 | ▼ 43.4% |
| Equity10/15 | €376,390 | €380,070 | €376,475 | €415,738 | €236,972 | ▼ 43.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | - | - |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0 | - |
| Other1319 | - | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | €355,939 | €359,619 | €356,024 | €395,287 | €216,521 | ▼ 45.2% |
| Amounts payable17/49 | €42,963 | €50,054 | €22,569 | €46,299 | €24,484 | ▼ 47.1% |
| Amounts payable after more than one year17 | €3,801 | €768 | - | - | - | - |
| Financial debts170/4 | - | €768 | - | - | - | - |
| Amounts payable within one year42/48 | €39,161 | €49,286 | €22,569 | €46,299 | €24,484 | ▼ 47.1% |
| Trade debts44 | €20,388 | €40,990 | €19,897 | €13,210 | €12,521 | ▼ 5.2% |
| Suppliers440/4 | - | €40,990 | €19,897 | €13,210 | €12,521 | ▼ 5.2% |
| Taxes, remuneration and social security45 | - | €7,801 | €1,770 | €5,295 | €10,094 | ▲ 90.6% |
| Taxes450/3 | - | €5,571 | €1,641 | €5,166 | €10,094 | ▲ 95.4% |
| Remuneration and social security454/9 | - | €2,230 | €129 | €129 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €495 | €901 | €27,793 | €1,870 | ▼ 93.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,055 | €3,680 | -€3,595 | €45,615 | -€178,766 | ▼ 492% |
| + Depreciation and write-downs630 | €2,652 | - | €2,286 | €2,286 | €506 | ▼ 77.8% |
| Operating cash flow (approximation) | €19,706 | €3,680 | -€1,309 | €47,901 | -€178,259 | ▼ 472% |
| Investment in fixed assets (approximation) | - | -€502 | €0 | -€2,286 | €35,358 | ▲ 1,647% |
| Change in cash | - | -€29,108 | -€31,958 | €62,290 | €42,320 | ▼ 32.1% |
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
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€178,766
Net result drops to -€178,766, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €45,615
Net result €45,615 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 16.07
Current ratio from 7.94 to 16.07; short-term debt falls from €49,286 to €22,569.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity doublescurrent ratio 9.73
Current ratio from 4.54 to 9.73; short-term debt falls from €92,432 to €39,161.
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-03
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 1988
Ground area
868 m²
Building footprint
554 m²
Volume, LiDAR
2,526 m³
Parcel 34041C0369/00D000, Flanders · tallest building 16.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BVBA CAPINO
since 19882.040.389.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0369/00D000 | Flanders | 868 m² | 1 · 554 m² | 16.4 m · 1 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.
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Of 1,465 companies in sector 47632 we hold annual accounts for 733. 629 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 (pre-2019)
Founded14-07-1988
Fiscal year end30-09
Activities, NACEBEL 2025
47632Retail sale of bicycles
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434857631
Also
9925:BE0434857631
Registered
15-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.