Financials
- Fiscal year
- 2024
- Total assets
- €67.1m
- Loss
- -€367,595
- Solvency
- 15.9%
Total assets▲ 63.7%
Net result
20212024
CAPNOR I MidCo
ActiveSummary
The computed 12-month bankruptcy probability of CAPNOR I MidCo is 2.5% (moderate). The annual accounts of CAPNOR I MidCo for fiscal year 2024 show a net loss of 167% of the equity at the start of that year. The 2024 annual accounts show equity of €10.7m and a net result of -€367,595. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Activity not known1 site
How big
€67.1mtotal assets 2024
- Equity
- €10.7m
- Loss
- -€367,595
Who decides
- Parent
- CAPNOR I · 96.77%
- Holdings
- 1
Accounts 63 d overdue1 of 5 deeds read
Why 52- Liquidity: current ratio 0.17, cash €4,581- Figures for FY 2024 (filed 20-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 81 days late; 1 of the last 3 late+ Size: total assets €67.1mShow the evidence
Checked score
Score 2024
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 40% of its sector peers (no NACE code, large)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
41+15
equity 15.9% of total assets
Liquidity
45-5
short-term debt 18.7% · cash 0.0%
Profitability
36-1
return on assets -0.5%
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 1.4%lowest value
09-2026: 1.6%▲ +12.1% vs 08-2026
10-2026: 2.5%▲ +54.2% vs 09-2026highest value
- Size: total assets €67.1m lowers the probability for this profile
- Liquidity: current ratio 0.17, cash €4,581 raises the probability
- Figures for FY 2024 (filed 20-10-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 81 days late; 1 of the last 3 late raises the probability
Credit up to €550,000 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 short (current ratio 0.17 against 1.03 in 2023; short-term debt: 18.7% and cash: 0% of total assets), and 84.1% of the assets are financed with debt.
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 (no NACE code, large). Better than this share of them on solvency 13%, liquidity 20%, profitability 30%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, 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.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €10.7m
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
81 d late
2023
33 d early
2022
32 d early
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Capital & shares · Statutes amendment…Auditor report · Capital contribution…
- Annual accounts filedfiscal year 2024 · full…
- Weakest financial yearnet -€367,595
Key points
By topic
Board & ownership
- Parent
- CAPNOR I · 96.77%
Network & group
- Group
- CAPNOR
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 7
- Since
- 2022
- 21-05-2026Capital & shares · Statutes amendment ·…
- 20-10-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Founded
- 10-08-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?CAPNOR · 26 companies How does this company compare with its sector?Sector benchmark
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