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KAPAI

Active
Private limited companyfounded 20206 yrs activeSchildebaan 99, 2240 Zandhoven, BelgiumKBO/BCE: BE 0744.877.351
Summary

The computed 12-month bankruptcy probability of KAPAI is 5.6% (elevated). The 2024 annual accounts show negative equity (-€11,549) and a net result of -€2,878. Equity is shrinking by ~34.9% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
5.6% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.02 in 2023; short-term debt: 191.9% and cash: 0.5% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-91.9%
Return on assets
-22.9%
Age of the figures
21 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€11,549
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
57 d late
2022
31 d late
2021
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 21 days after 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)
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

History

On 9 March 2020, KAPAI was incorporated as a Private limited company.1 Total assets went from EUR 12,531 in 2021 to EUR 12,560 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€11,549▼ 33.2%
2023 · -€8,671
Total assets
€12,560▼ 2.2%
2023 · €12,837
Net result
-€2,878▼ 12.5%
2023 · -€2,558
Working capital
-€24,049▼ 13.6%
2023 · -€21,171
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result-€6,737--€2,223▲ 67.0%-€2,407▼ 8.3%-€2,724▼ 13.1%
Net result-€6,737--€2,376▲ 64.7%-€2,558▼ 7.6%-€2,878▼ 12.5%
Equity-€3,737--€6,113▼ 63.6%-€8,671▼ 41.8%-€11,549▼ 33.2%
Total assets€12,531-€12,500▼ 0.2%€12,837▲ 2.7%€12,560▼ 2.2%
Debt€16,268-€18,613▲ 14.4%€21,508▲ 15.6%€24,108▲ 12.1%
Working capital-€16,237--€18,613▼ 14.6%-€21,171▼ 13.7%-€24,049▼ 13.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€8,000-€6,000-€4,000-€2,000€0Operating result 2021: -€6,737-€6,737Net result 2021: -€6,737-€6,737Operating result 2022: -€2,223-€2,223Net result 2022: -€2,376-€2,376Operating result 2023: -€2,407-€2,407Net result 2023: -€2,558-€2,558Operating result 2024: -€2,724-€2,724Net result 2024: -€2,878-€2,8782021202220232024-€3,000-€2,000-€1,000€0Operating result 2022: -€2,223-€2,220Net result 2022: -€2,376-€2,380Operating result 2023: -€2,407-€2,410Net result 2023: -€2,558-€2,560Operating result 2024: -€2,724-€2,720Net result 2024: -€2,878-€2,880202220232024
The operating result stays negative: a loss of €2,724 in 2024 against €2,407 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12,560
Fixed assets €12,500 =
Current assets €60 ▼ 82.3%
Key figures and ratios
2024 value · change against 2023
Solvency
-91.9%▼
2023 · -67.5%
Current ratio
0.00▼
2023 · 0.02
Debt to equity
-2.09▲
2023 · -2.48
ROA
-22.9%▼
2023 · -19.9%
Debt ≤ 1 year
€24,108▲
2023 · €21,508
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 24 lines
Balance sheet Code20232024
Assets
Total assets20/58€12,837€12,560▼
Fixed assets21/28€12,500€12,500=
Financial fixed assets28€12,500€12,500=
Current assets29/58€337€60▼
Cash at bank and in hand54/58€337€60▼
Equity and liabilities
Total equity and liabilities10/49€12,837€12,560▼
Equity10/15-€8,671-€11,549▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€11,671-€14,549▼
Amounts payable17/49€21,508€24,108▲
Amounts payable within one year42/48€21,508€24,108▲
Financial debts43€0-
Credit institutions430/8€0-
Other amounts payable47/48€21,508€24,108▲
Income statement Code20232024
Other operating charges640/8€357€118▼
Gross operating margin9900-€2,051-€2,606▼
Operating profit (loss)9901-€2,407-€2,724▼
Financial charges65/66B€150€154▲
Recurring financial charges65€150€154▲
Profit (loss) for the period before taxes9903-€2,558-€2,878▼
Profit (loss) for the period9904-€2,558-€2,878▼
Profit (loss) for the period to be appropriated9905-€2,558-€2,878▼
Appropriation of the result
Profit (loss) to be appropriated9906-€11,671-€14,549▼
Profit (loss) brought forward from the previous period14P-€9,113-€11,671▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Other operating charges640/8€101€350€357€118▼ 66.9%
Gross operating margin9900-€6,636-€1,874-€2,051-€2,606▼ 27.1%
Operating profit (loss)9901-€6,737-€2,223-€2,407-€2,724▼ 13.1%
Financial charges65/66B€0€153€150€154▲ 2.4%
Recurring financial charges65€0€153€150€154▲ 2.4%
Profit (loss) for the period before taxes9903-€6,737-€2,376-€2,558-€2,878▼ 12.5%
Profit (loss) for the period9904-€6,737-€2,376-€2,558-€2,878▼ 12.5%
Profit (loss) for the period to be appropriated9905-€6,737-€2,376-€2,558-€2,878▼ 12.5%
Line2021202220232024Change
Assets
Total assets20/58€12,531€12,500€12,837€12,560▼ 2.2%
Fixed assets21/28€12,500€12,500€12,500€12,500=
Financial fixed assets28€12,500€12,500€12,500€12,500=
Current assets29/58€31€0€337€60▼ 82.3%
Cash at bank and in hand54/58€31€0€337€60▼ 82.3%
Equity and liabilities
Total equity and liabilities10/49€12,531€12,500€12,837€12,560▼ 2.2%
Equity10/15-€3,737-€6,113-€8,671-€11,549▼ 33.2%
Contributions10/11€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14-€6,737-€9,113-€11,671-€14,549▼ 24.7%
Amounts payable17/49€16,268€18,613€21,508€24,108▲ 12.1%
Amounts payable within one year42/48€16,268€18,613€21,508€24,108▲ 12.1%
Financial debts43-€19€0--
Credit institutions430/8-€19€0--
Trade debts44€574€0---
Suppliers440/4€574€0---
Other amounts payable47/48€15,695€18,595€21,508€24,108▲ 12.1%
Line2021202220232024Change
Profit (loss) for the period9904-€6,737-€2,376-€2,558-€2,878▼ 12.5%
Operating cash flow (approximation)-€6,737-€2,376-€2,558-€2,878▼ 12.5%
Investment in fixed assets (approximation)-€0€0€0-
Change in cash--€31€337-€278▼ 182%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
27-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Zandhoven · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
488 m²
Building footprint
323 m²
Volume, LiDAR
1,553 m³
Parcel 11054B0341/00C000, Flanders · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KAPAI
Schildebaan 99, 2240 ZandhovenHoldings
since 20202.300.652.334
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11054B0341/00C000 Flanders 488 m² 1 · 323 m² 13.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of KAPAI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded09-03-2020
Fiscal year end31-12
Contact
E-mail kapai@telenet.be
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.