Capital 9
ActiveThe annual accounts of Capital 9 for fiscal year 2025 show a net loss of 79% of the equity at the start of that year. The 2025 annual accounts show equity of €67k and a net result of €-256k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 12% of 8657 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-18
Solvency31▼-69
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k 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 short (current ratio 0.88 against 34.47 in 2024; short-term debt: 57.2% and cash: 4.6% of total assets), and 94.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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
5.7%
Return on assets
-21.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-256k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 8657 sector peers (2025).
NBB · sector comparisonPosition among 8657 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
5 d late
2023
43 d early
2022
31 d early
2021
31 d late
2020
38 d early
2019
50 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€205k
EBIT margin
-123.2%
Net result
€-256k▼ 10,816%
2024 · €-2k
2018: €11k
2019: €-4k
2020: €-9k
2021: €166k
2022: €-2k
2023: €-4k
2024: €-2k
2018 → 2025
Working capital
€-82k
2024 · €350k
2018: €55k
2019: €16k
2020: €61k
2021: €382k
2022: €372k
2023: €360k
2024: €350k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€205k
Equity€331k-€329k▼ 0.6%€325k▼ 1.2%€323k▼ 0.7%€67k▼ 79.4%
Operating result€172k-€-2k€-4k▼ 129%€-2k▲ 44.6%€-253k▼ 11,745%
Net result€166k-€-2k€-4k▼ 109%€-2k▲ 42.4%€-256k▼ 10,816%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €253k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€585k▲ 44,113%
Current assets
€590k▲ 63.8%
Equity and liabilities €1.18M
Equity
€67k▼ 79.4%
Debt
€1.11M▲ 2,744%
The debt ratio rises from 10.8% to 94.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-217k▼
2024 · €-1k
Cash flow
€-221k▼
2024 · €-2k
Solvency
5.7%▼
2024 · 89.2%
Current ratio
0.88▼
2024 · 34.47
Quick ratio
0.86▼
2024 · 34.47
Debt / equity
16.67▲
2024 · 0.12
ROE
-385.0%▼
2024 · -0.7%
ROA
-21.8%▼
2024 · -0.6%
Interest coverage
-23.80▼
2024 · -5.15
Debt
€1.11M▲
2024 · €39k
Debt ≤ 1 year
€672k▲
2024 · €10k
Debt > 1 year
€437k▲
2024 · €29k
Income taxes
€132▲
2024 · €0
Staff costs
€168k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€362k€1.18M▲
Formation expenses20€0€0=
Fixed assets21/28€1k€585k▲
Intangible fixed assets21-€49k
Tangible fixed assets22/27€1k€475k▲
Plant, machinery and equipment23€1k€662▼
Furniture and vehicles24€0€65k▲
Leasing and similar rights25-€69k
Other tangible fixed assets26-€341k
Financial fixed assets28-€61k
Current assets29/58€360k€590k▲
Stocks and contracts in progress3-€14k
Stocks30/36-€14k
Amounts receivable within one year40/41€352k€518k▲
Trade receivables40-€182k
Other amounts receivable41€352k€336k▼
Cash at bank and in hand54/58€8k€55k▲
Deferred charges and accrued income490/1€0€3k▲
Equity and liabilities
Total equity and liabilities10/49€362k€1.18M▲
Equity10/15€323k€67k▼
Contributions10/11€400k€400k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k-
Reserves not available under the articles1311€1k-
Distributable reserves133-€1k
Profit (loss) carried forward14€-78k€-334k▼
Amounts payable17/49€39k€1.11M▲
Amounts payable after more than one year17€29k€437k▲
Financial debts170/4€29k€437k▲
Amounts payable within one year42/48€10k€672k▲
Current portion of amounts payable after more than one year42€9k€57k▲
Trade debts44€559€383k▲
Suppliers440/4€559€383k▲
Taxes, remuneration and social security45€175€27k▲
Taxes450/3€175€1k▲
Remuneration and social security454/9-€26k
Other amounts payable47/48€311€205k▲
Accrued charges and deferred income492/3-€0
Income statement
Code20242025
Turnover70-€205k
Non-recurring operating income76A-€433
Goods, raw materials, services and sundry goods60/61-€256k
Remuneration, social security and pensions62-€168k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€662€36k▲
Other operating charges640/8€643€2k▲
Gross operating margin9900€-831€-48k▼
Operating profit (loss)9901€-2k€-253k▼
Financial income75/76B€75€6k▲
Recurring financial income75€75€6k▲
Financial charges65/66B€286€9k▲
Recurring financial charges65€286€9k▲
Profit (loss) for the period before taxes9903€-2k€-256k▼
Income taxes67/77€0€132▲
Profit (loss) for the period9904€-2k€-256k▼
Profit (loss) for the period to be appropriated9905€-2k€-256k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-78k€-334k▼
Profit (loss) brought forward from the previous period14P€-76k€-78k▼
Social balance
Average headcount (FTE)9087-3.2
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-256k
Net result drops to €-256k, the lowest in the series.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €166k
Net result €166k after 2 loss-making years.
31-12
Financial
Liquidity times 21current ratio 39.07
Current ratio from 1.90 to 39.07; short-term debt falls from €67k to €10k.
31-12
Financial
Equity above €200kEq €331k ▲100%
Equity rises from €165k to €331k.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Zénobe Gramme 231300 WavreGround area
6.8 ha
Building footprint
4.0 ha
Volume, LiDAR
418,719 m³
2 parcels, Wallonia · tallest building 22.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
CreActivCenter
since 20122.233.727.579
Eggs Liège
since 20252.374.205.355
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0923/00B002 | Wallonia | 6.3 ha | 1 · 3.8 ha | 22.7 m · 3 fl. |
| 25006A0145/00M000 | Wallonia | 4,998 m² | 1 · 1,654 m² | 8.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteLiège2.374.205.355
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SEVELYA
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 39,445 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2004
Fiscal year end31-12
Abbreviation FR
9
Activities, NACEBEL
56112Limited-service restaurants, excluding mobile food services
70200Business and other management consultancy
70220Business consulting
74142
46890Wholesale trade
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:michelcoenraets@skynet.be
Phone:010/812650
Fax:010/840982