CAPTURE CREATION
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 18 filings
Turnover
≈ €95,000
Estimated: probably between €44,000 and €230,000
EBIT margin
Not included in this filing
Net result
€3,390▼ 71.3%
2024 · €11,807
Working capital
€17,707▲ 54.6%
2024 · €11,455
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€3,863
▼ 74.6%
2025
20182025
Net result
€3,390
▼ 71.3%
2025
middle half of the sector
20182025
Equity
€25,965
▲ 10.9%
2025
middle half of the sector
20182025
Total assets
€39,906
▼ 7.3%
2025
lowest quarter of the sector
20182025
Debt
€13,941
▼ 29.1%
2025
20182025
Working capital
€17,707
▲ 54.6%
2025
middle half of the sector
20182025
Solvency
65.1%
▲ 10.7pp
2025
middle half of the sector
20182025
Current ratio
2.54
▲ 0.61
2025
middle half of the sector
20182025
Return on assets (ROA)
8.5%
▼ 18.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€743-€1,821€4,010▲ 120%-€4,731-€5,849▼ 23.6%€14,713€15,219▲ 3.4%€3,863▼ 74.6%
Net result-€1,103-€741€3,024within the sector's middle half▲ 308%-€4,617below the sector's middle half-€6,556below the sector's middle half▼ 42.0%€10,860within the sector's middle half€11,807within the sector's middle half▲ 8.7%€3,390within the sector's middle half▼ 71.3%
Equity€11,360-€12,101▲ 6.5%€15,125below the sector's middle half▲ 25.0%€10,508below the sector's middle half▼ 30.5%€3,952below the sector's middle half▼ 62.4%€12,459within the sector's middle half▲ 215%€23,408within the sector's middle half▲ 87.9%€25,965within the sector's middle half▲ 10.9%
Total assets€16,495-€16,787▲ 1.8%€16,461below the sector's middle half▼ 1.9%€12,361below the sector's middle half▼ 24.9%€49,464below the sector's middle half▲ 300%€35,598below the sector's middle half▼ 28.0%€43,071below the sector's middle half▲ 21.0%€39,906below the sector's middle half▼ 7.3%
Debt€5,135-€4,686▼ 8.7%€1,336▼ 71.5%€1,853▲ 38.7%€45,512▲ 25×€23,139▼ 49.2%€19,663▼ 15.0%€13,941▼ 29.1%
Working capital€673-€4,086▲ 507%€9,782within the sector's middle half▲ 139%€7,509within the sector's middle half▼ 23.2%-€774within the sector's middle half€7,957within the sector's middle half€11,455within the sector's middle half▲ 44.0%€17,707within the sector's middle half▲ 54.6%
Solvency68.9%-72.1%▲ 3.2pp91.9%above the sector's middle half▲ 19.8pp85.0%above the sector's middle half▼ 6.9pp8.0%below the sector's middle half▼ 77.0pp35.0%within the sector's middle half▲ 27.0pp54.3%within the sector's middle half▲ 19.3pp65.1%within the sector's middle half▲ 10.7pp
Current ratio1.13-1.87▲ 0.748.32above the sector's middle half▲ 6.455.05above the sector's middle half▼ 3.270.97within the sector's middle half▼ 4.081.67within the sector's middle half▲ 0.691.93within the sector's middle half▲ 0.262.54within the sector's middle half▲ 0.61
Return on assets (ROA)-6.7%-4.4%▲ 11.1pp18.4%above the sector's middle half▲ 14.0pp-37.4%below the sector's middle half▼ 55.7pp-13.3%below the sector's middle half▲ 24.1pp30.5%above the sector's middle half▲ 43.8pp27.4%above the sector's middle half▼ 3.1pp8.5%within the sector's middle half▼ 18.9pp
above
within
below
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 75% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,906
Fixed assets
€10,700 ▼ 44.5%
Current assets
€29,206 ▲ 22.8%
Equity and liabilities €39,906
Equity
€25,965 ▲ 10.9%
Debt
€13,941 ▼ 29.1%
Debt's share of the balance-sheet total falls from 45.7% to 34.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,457▼
2024 · €23,230
Cash flow
€11,984▼
2024 · €19,818
Debt to equity
0.54▼
2024 · 0.84
ROE
13.1%▼
2024 · 50.4%
Interest coverage
31.37▼
2024 · 42.37
Debt ≤ 1 year
€11,499▼
2024 · €12,322
Debt > 1 year
€1,609▼
2024 · €6,483
Income taxes
€2,114▼
2024 · €3,896
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €371 | €23,697 | - | €11,565 | - |
| Depreciation and write-downs of the year | €2,715 | €6,093 | €4,863 | €8,011 | €8,594 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,672 | €2,672 | €2,672 | €2,715 | €6,093 | €4,863 | €8,011 | €8,594 | ▲ 7.3% |
| Other operating charges640/8 | - | - | - | €634 | - | €35 | - | - | - |
| Gross operating margin9900 | €2,301 | €4,951 | €7,201 | -€1,382 | €244 | €19,611 | €23,230 | €12,457 | ▼ 46.4% |
| Operating profit (loss)9901 | -€743 | €1,821 | €4,010 | -€4,731 | -€5,849 | €14,713 | €15,219 | €3,863 | ▼ 74.6% |
| Financial income75/76B | - | - | - | €91 | - | €440 | €1,032 | €2,037 | ▲ 97.4% |
| Recurring financial income75 | - | - | - | €91 | - | €440 | €1,032 | €2,037 | ▲ 97.4% |
| Financial charges65/66B | - | - | - | €45 | €609 | €587 | €548 | €397 | ▼ 27.6% |
| Recurring financial charges65 | €253 | €103 | €74 | €45 | €609 | €587 | €548 | €397 | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | -€996 | €1,718 | €3,936 | -€4,685 | -€6,459 | €14,565 | €15,703 | €5,503 | ▼ 65.0% |
| Income taxes67/77 | €107 | €977 | €912 | -€68 | €97 | €3,705 | €3,896 | €2,114 | ▼ 45.7% |
| Profit (loss) for the period9904 | -€1,103 | €741 | €3,024 | -€4,617 | -€6,556 | €10,860 | €11,807 | €3,390 | ▼ 71.3% |
| Profit (loss) for the period to be appropriated9905 | -€1,103 | €741 | €3,024 | -€4,617 | -€6,556 | €10,860 | €11,807 | €3,390 | ▼ 71.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16,495 | €16,787 | €16,461 | €12,361 | €49,464 | €35,598 | €43,071 | €39,906 | ▼ 7.3% |
| Fixed assets21/28 | €10,687 | €8,015 | €5,343 | €2,999 | €20,603 | €15,740 | €19,294 | €10,700 | ▼ 44.5% |
| Intangible fixed assets21 | - | - | - | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €10,687 | €8,015 | €5,343 | €2,999 | €20,603 | €15,740 | €19,294 | €10,700 | ▼ 44.5% |
| Furniture and vehicles24 | - | - | - | €2,999 | €20,603 | €15,740 | €19,294 | €10,700 | ▼ 44.5% |
| Current assets29/58 | €5,808 | €8,772 | €11,118 | €9,362 | €28,861 | €19,858 | €23,777 | €29,206 | ▲ 22.8% |
| Amounts receivable within one year40/41 | €2,612 | €4,834 | €8,884 | €2,707 | €26,094 | €16,655 | €22,564 | €24,321 | ▲ 7.8% |
| Trade receivables40 | - | - | - | €2,478 | €25,634 | €2,667 | €2,620 | €217 | ▼ 91.7% |
| Other amounts receivable41 | - | - | - | €229 | €460 | €13,988 | €19,944 | €24,104 | ▲ 20.9% |
| Cash at bank and in hand54/58 | €1,079 | €3,938 | €1,775 | €6,181 | €1,962 | €2,415 | €1,120 | €3,950 | ▲ 253% |
| Deferred charges and accrued income490/1 | - | - | - | €474 | €804 | €789 | €92 | €935 | ▲ 913% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16,495 | €16,787 | €16,461 | €12,361 | €49,464 | €35,598 | €43,071 | €39,906 | ▼ 7.3% |
| Equity10/15 | €11,360 | €12,101 | €15,125 | €10,508 | €3,952 | €12,459 | €23,408 | €25,965 | ▲ 10.9% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €423 | €423 | €423 | €423 | €423 | €423 | €423 | €423 | = |
| Non-distributable reserves130/1 | - | - | - | €423 | €423 | €423 | €423 | €423 | = |
| Reserves not available under the articles1311 | - | - | - | €423 | €423 | €423 | €423 | €423 | = |
| Profit (loss) carried forward14 | €4,737 | €5,478 | €8,502 | €3,885 | -€2,671 | €5,836 | €16,784 | €19,341 | ▲ 15.2% |
| Amounts payable17/49 | €5,135 | €4,686 | €1,336 | €1,853 | €45,512 | €23,139 | €19,663 | €13,941 | ▼ 29.1% |
| Amounts payable after more than one year17 | - | - | - | - | €15,877 | €11,237 | €6,483 | €1,609 | ▼ 75.2% |
| Financial debts170/4 | - | - | - | - | €15,877 | €11,237 | €6,483 | €1,609 | ▼ 75.2% |
| Amounts payable within one year42/48 | €5,135 | €4,686 | €1,336 | €1,853 | €29,635 | €11,901 | €12,322 | €11,499 | ▼ 6.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4,527 | €4,639 | €4,755 | €4,873 | ▲ 2.5% |
| Trade debts44 | €2,337 | €942 | €436 | €485 | €25,004 | €1,107 | €1,973 | €616 | ▼ 68.8% |
| Suppliers440/4 | - | - | - | €485 | €25,004 | €1,107 | €1,973 | €616 | ▼ 68.8% |
| Taxes, remuneration and social security45 | - | - | - | €832 | €97 | €4,155 | €5,594 | €6,009 | ▲ 7.4% |
| Taxes450/3 | - | - | - | €832 | €97 | €4,155 | €5,594 | €6,009 | ▲ 7.4% |
| Other amounts payable47/48 | - | - | - | €536 | €7 | €2,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €859 | €833 | ▼ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,103 | €741 | €3,024 | -€4,617 | -€6,556 | €10,860 | €11,807 | €3,390 | ▼ 71.3% |
| + Depreciation and write-downs630 | €2,672 | €2,672 | €2,672 | €2,715 | €6,093 | €4,863 | €8,011 | €8,594 | ▲ 7.3% |
| Operating cash flow (approximation) | €1,569 | €3,413 | €5,696 | -€1,902 | -€462 | €15,723 | €19,818 | €11,984 | ▼ 39.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€371 | -€23,697 | €0 | -€11,565 | €0 | - |
| Change in cash | - | €2,859 | -€2,163 | €4,406 | -€4,219 | €452 | -€1,294 | €2,830 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as CAPTURE CREATION has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of CAPTURE CREATION itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for CAPTURE CREATION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00267114 | |
| 31-12-2024 | micro format | 23-07-2025 | 2025-00296480 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00218631 | |
| 31-12-2022 | micro format | 17-08-2023 | 2023-00334318 | |
| 31-12-2021 | full format | 29-07-2022 | 2022-20258678 | |
| 31-12-2020 | full format | 22-07-2021 | 2021-39600138 | |
| 31-12-2019 | full format | 14-07-2020 | 2020-31200098 | |
| 31-12-2018 | full format | 02-07-2019 | 2019-27700031 | |
| 31-12-2017 | full format | 04-07-2018 | 2018-28800010 | |
| 31-12-2016 | full format | 14-07-2017 | 2017-32600461 |