INDIAN CAPS
ActiveINDIAN CAPS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €454k and a net result of €43k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 79% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77=
Solvency95▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.99 against 4.93 in 2024; short-term debt: 15.2% and cash: 40.3% of total assets), and 30.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.7%
Return on assets
6.7%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
77 d early
2023
99 d early
2022
31 d early
2021
40 d early
2020
36 d early
2019
66 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
Equity
€454k▼ 1.4%
2024 · €460k
2018: €304k
2019: €319k
2020: €319k
2021: €349k
2022: €386k
2023: €421k
2024: €460k
2018 → 2025
Total assets
€650k▲ 6.7%
2024 · €609k
2018: €781k
2019: €702k
2020: €626k
2021: €590k
2022: €594k
2023: €616k
2024: €609k
2018 → 2025
Net result
€43k▲ 12.5%
2024 · €39k
2018: €403
2019: €16k
2020: €-534
2021: €30k
2022: €37k
2023: €35k
2024: €39k
2018 → 2025
Working capital
€197k▲ 8.1%
2024 · €182k
2018: €68k
2019: €66k
2020: €35k
2021: €82k
2022: €114k
2023: €161k
2024: €182k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€349k-€386k▲ 10.6%€421k▲ 9.2%€460k▲ 9.2%€454k▼ 1.4%
Operating result€45k-€53k▲ 17.3%€50k▼ 5.7%€54k▲ 7.8%€58k▲ 8.1%
Net result€30k-€37k▲ 22.1%€35k▼ 4.3%€39k▲ 9.3%€43k▲ 12.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €650k
Fixed assets
€355k▼ 6.9%
Current assets
€295k▲ 29.4%
Equity and liabilities €650k
Equity
€454k▼ 1.4%
Debt
€197k▲ 31.8%
The debt ratio rises from 24.5% to 30.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84k▲
2024 · €80k
Cash flow
€70k▲
2024 · €65k
Solvency
69.7%▼
2024 · 75.5%
Current ratio
2.99▼
2024 · 4.93
Quick ratio
2.99▼
2024 · 4.93
Debt / equity
0.43▲
2024 · 0.32
ROE
9.6%▲
2024 · 8.4%
ROA
6.7%▲
2024 · 6.3%
Interest coverage
48.86▲
2024 · 36.21
Debt
€197k▲
2024 · €149k
Debt ≤ 1 year
€99k▲
2024 · €46k
Debt > 1 year
€98k▼
2024 · €103k
Income taxes
€14k▲
2024 · €13k
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€609k€650k▲
Fixed assets21/28€381k€355k▼
Tangible fixed assets22/27€381k€355k▼
Land and buildings22€381k€355k▼
Current assets29/58€228k€295k▲
Amounts receivable within one year40/41€29k€33k▲
Trade receivables40€27k€32k▲
Other amounts receivable41€1k€615▼
Cash at bank and in hand54/58€200k€262k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€609k€650k▲
Equity10/15€460k€454k▼
Contributions10/11€260k€260k=
Reserves13€200k€194k▼
Distributable reserves133€200k€194k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€149k€197k▲
Amounts payable after more than one year17€103k€98k▼
Financial debts170/4€92k€61k▼
Other amounts payable178/9€11k€37k▲
Amounts payable within one year42/48€46k€99k▲
Current portion of amounts payable after more than one year42€31k€31k▲
Trade debts44€15k€17k▲
Suppliers440/4€15k€17k▲
Advances received on contracts in progress46€120€0▼
Taxes, remuneration and social security45-€544
Taxes450/3-€544
Other amounts payable47/48-€50k
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k=
Other operating charges640/8€5k€5k▲
Gross operating margin9900€85k€90k▲
Operating profit (loss)9901€54k€58k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€52k€58k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€39k€43k▲
Profit (loss) for the period to be appropriated9905€39k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€43k▲
Transfer from equity791/2-€7k
Transfer to equity691/2€39k€0▼
To other reserves6921€39k€0▼
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (12 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
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €43k ▲12.5%
Operating result €58k, net result €43k, both a record.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-534 ▼103%
Net result drops to €-534, the lowest in the series; recovery starts the following year.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2011
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.
Engelse Beurs 42000 AntwerpenGround area
1,923 m²
Building footprint
1,006 m²
Volume, LiDAR
18,188 m³
Parcel 11002A0818/00M000, Flanders · tallest building 21.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
INDIAN CAPS
since 20112.198.905.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0818/00M000 | Flanders | 1,923 m² | 1 · 1,006 m² | 21.5 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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TANNE
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Astridplein
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,715 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-2011
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.