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CAPTAIN BLUE

Active
Private limited companyfounded 199926 yrs activeHendrik Baelskaai 38, 8400 Oostende, BelgiumKBO/BCE: BE 0467.061.037
Summary

CAPTAIN BLUE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,080 and a net result of €6,819. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 88 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
CAPTAIN BLUEActiveChecked score 73/100
Risk analysis ReportCompare

Overview

What they do
Water transport
NACE 50100Wired, wireless and satellite telecommunications NACE 61100NACE 63406
1 site
How big
€260,516total assets 2025
Staff
0.9 FTE
Equity
€57,080
Profit
€6,819
Turnover not published (abridged schema)
Financially healthy?
73 Healthy Checked score 2025
Bankruptcy chance 12 m
0.2%
Who decides
Parent
Borealis · 100%
Accounts filed 21 d late0 of 10 deeds read
Why 73+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profile+ Growing equityFiled after the deadlineShow the evidence

Checked score

Score 2025
73 / 100
Healthy
Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+3
Solvency47=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.3 in 2024; short-term debt: 38.5% and cash: 33.1% of total assets), but 78.1% 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

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Water transport (NACE 50)
about 39% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 26 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
21.9%
Return on assets
2.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €57,080
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 filings
Deviation from the deadline
2025
21 d late
2024
18 d late
2023
89 d early
2022
31 d early
2021
30 d late
2020
1 d early
2019
31 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 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 18 August (4 of the last 5 filed years within 49 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet €857 ▼92.8%

Key points

  • Positive: 8 profitable years in a rowprofit 2025: €6,819 8 years View
  • Controlled by Borealisultimately: AXIS 100% View
  • Active since 1999founded 14-10-1999 26 years View

By topic

Financials

Fiscal year
2025
Total assets
€260,516
Profit
€6,819
Solvency
21.9%
Total assets▲ 12.6%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 21-08-2026Annual accounts filed
  2. 18-08-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Water transportNACE 50100
Founded
14-10-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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