Age6 yrs
Real estate1 parcel · 3,635 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of CAPNOR I MidCo is 2.3% (moderate). The 2024 annual accounts show equity of €10.66M and a net result of €-368k. 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.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.3%
Moderate
0%0,5%1,5%4%10%≥25%
No NACE activity registered
+Young company
+Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceGrowing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 17 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
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.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 20-10-2025 | 81 d late | 2025-00545741 |
| 31-12-2023 | 31-07-2024 | 28-06-2024 | 33 d early | 2024-00191059 |
| 31-12-2022 | 31-07-2023 | 29-06-2023 | 32 d early | 2023-00183105 |
| 31-12-2021 | 31-07-2022 | 30-06-2022 | 31 d early | 2022-20138538 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-368k-1259.4%
Working capital€-10.38M
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 20-10-2025 with the NBB · fiscal year 2024 · volledig
€-368k
-1259.4%
21-24
€67.14M
+63.7%
21-24
€10.66M
+4747.2%
21-24
€-10.38M
-
21-24
€3k
-
21-24
€56.48M
+38.5%
21-24
€12.56M
+903.1%
21-24
€43.92M
+11.1%
21-24
Show 6 other metrics
0.17
-83.1%
21-24
0.17
-83.1%
21-24
15.9%
+2860.2%
21-24
5.30
-97.1%
21-24
-3.4%
+72.0%
21-24
-0.5%
-730.2%
21-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | - |
| Net profit | €-368k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €67.14M |
| Equity | €10.66M |
| Debt | €56.48M |
| of which ≤ 1y | €12.56M |
| of which > 1y | €43.92M |
| Working capital | €-10.38M |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.17 |
| Quick ratio | 0.17 |
| Working capital ratio | -15.5% |
| Solvency | 15.9% |
| Debt / equity | 5.30 |
| Long-term debt ratio | 4.12 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -0.5% |
| ROE | -3.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €67.14M |
| Fixed assets | 21/28 | €64.96M |
| Financial fixed assets | 28 | €64.96M |
| Current assets | 29/58 | €2.18M |
| Amounts receivable within one year | 40/41 | €1.83M |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €67.14M |
| Equity | 10/15 | €10.66M |
| Contributions / capital | 10/11 | €11.06M |
| Reserves | 13 | €444 |
| Accumulated profits (losses) | 14 | €-398k |
| Amounts payable | 17/49 | €56.48M |
| Amounts payable after one year | 17 | €43.92M |
| Amounts payable within one year | 42/48 | €12.56M |
| Trade debts payable within one year | 44 | €55 |
| Income statement | ||
| Gross operating margin | 9900 | €-26k |
| Operating result | 9901 | €-27k |
| Financial income | 75 | €1.92M |
| Financial charges | 65 | €2.26M |
| Result before taxes | 9903 | €-368k |
| Net result for the period | 9904 | €-368k |
| Result to be appropriated | 9905 | €-368k |
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed15
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationNORTH CAPITAL
since 20202.307.728.879
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,635 m²
Buildings1
Building footprint297 m²
Volume (LiDAR)2,379 m³
Tallest building11.6 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076G0029/00_000 | Wallonia | 3,635 m² | 1 · 297 m² | 11.6 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Capital history · 2
28-10-2024
v3.2
03-04-2024
v3.2
All acts · 4
updated 1 year ago
2025
23-07-2025 Articles of association amended
Summary:
v3.2
2024
28-10-2024 Capital increase of €8,306,789 to €11,056,789
03-04-2024 Capital increase of €2,500,000 to €2,750,000
2020
12-08-2020 Incorporation of a new SNC
Summary:
oprichting
Analysis
Financial profile
5 of 5 axes measured36
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
15
Profitability
0
Solvency
11
Growth
52
Stability
100
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameFR | CAPNOR I MidCo |
Registered office
Chaussée de Louvain 479
1380 Lasne, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.