KAPEL 22
ActiveKAPEL 22 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-67k) and a net result of €-205k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 78 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-34
Solvency10▼-37
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.86 against 1.12 in 2024; short-term debt: 87.5% and cash: 6.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-15%
Return on assets
-45.5%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Sector 14
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-67k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
13 d early
2024
20 d early
2023
6 d early
2022
27 d early
2021
1 d early
2020
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-67k
2024 · €138k
2020: €115k
2021: €115k
2022: €120k
2023: €134k
2024: €138k
2020 → 2025
Total assets
€450k▼ 28.6%
2024 · €630k
2020: €774k
2021: €762k
2022: €703k
2023: €604k
2024: €630k
2020 → 2025
Net result
€-205k
2024 · €3k
2020: €15k
2021: €213
2022: €5k
2023: €14k
2024: €3k
2020 → 2025
Working capital
€-57k
2024 · €54k
2020: €270k
2021: €196k
2022: €144k
2023: €94k
2024: €54k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€120k▲ 4.5%€134k▲ 11.9%€138k▲ 2.4%€-67k
Operating result€24k-€43k▲ 74.3%€60k▲ 41.3%€49k▼ 18.9%€-168k
Net result€213-€5k▲ 2,301%€14k▲ 180%€3k▼ 77.4%€-205k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €168k after €49k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €450k
Fixed assets
€113k▼ 20.5%
Current assets
€337k▼ 30.9%
Key figures and ratios
EBITDA
€-132k▼
2024 · €79k
Cash flow
€-170k▼
2024 · €34k
Solvency
-15.0%▼
2024 · 21.8%
Current ratio
0.86▼
2024 · 1.12
Quick ratio
0.35▼
2024 · 0.54
Debt / equity
-7.68▼
2024 · 3.58
ROA
-45.5%▼
2024 · 0.5%
Interest coverage
-3.54▼
2024 · 1.81
Debt
€518k▲
2024 · €493k
Debt ≤ 1 year
€394k▼
2024 · €435k
Debt > 1 year
€119k▲
2024 · €52k
Income taxes
€443▼
2024 · €5k
Staff costs
€159k▼
2024 · €192k
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€630k€450k▼
Fixed assets21/28€142k€113k▼
Intangible fixed assets21€138k€106k▼
Tangible fixed assets22/27€4k€7k▲
Furniture and vehicles24€4k€7k▲
Financial fixed assets28€60€60=
Current assets29/58€488k€337k▼
Stocks and contracts in progress3€254k€201k▼
Stocks30/36€254k€201k▼
Amounts receivable within one year40/41€206k€94k▼
Trade receivables40€201k€94k▼
Other amounts receivable41€5k€125▼
Cash at bank and in hand54/58€17k€30k▲
Deferred charges and accrued income490/1€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€630k€450k▼
Equity10/15€138k€-67k▼
Contributions10/11€100k€100k=
Reserves13€749€749=
Distributable reserves133€749€749=
Profit (loss) carried forward14€37k€-168k▼
Amounts payable17/49€493k€518k▲
Amounts payable after more than one year17€52k€119k▲
Financial debts170/4€52k€119k▲
Amounts payable within one year42/48€435k€394k▼
Current portion of amounts payable after more than one year42€46k€32k▼
Financial debts43€247k€147k▼
Credit institutions430/8€100k-
Other loans439€147k€147k=
Trade debts44€33k€61k▲
Suppliers440/4€33k€61k▲
Taxes, remuneration and social security45€76k€115k▲
Taxes450/3€51k€98k▲
Remuneration and social security454/9€24k€17k▼
Other amounts payable47/48€33k€40k▲
Accrued charges and deferred income492/3€6k€5k▼
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€192k€159k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€36k▲
Other operating charges640/8€3k€13k▲
Gross operating margin9900€274k€40k▼
Operating profit (loss)9901€49k€-168k▼
Financial income75/76B€3k€223▼
Recurring financial income75€3k€223▼
Financial charges65/66B€44k€37k▼
Recurring financial charges65€44k€37k▼
Profit (loss) for the period before taxes9903€8k€-205k▼
Income taxes67/77€5k€443▼
Profit (loss) for the period9904€3k€-205k▼
Profit (loss) for the period to be appropriated9905€3k€-205k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€-168k▼
Profit (loss) brought forward from the previous period14P€34k€37k▲
Social balance
Average headcount (FTE)90872.73.3▲
The notes to these accounts (16 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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-205k ▼6433%
Net result drops to €-205k, the lowest in the series.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Deinze · 1 establishment unit since 2018
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.
Souverainestraat 649800 DeinzeGround area
1.0 ha
Parcel 44054B0757/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
KAPEL 22
since 20182.282.926.276
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B0757/00D000 | Flanders | 1.0 ha | - | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 23,490 EUR awarded · 23,490 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,846 EUR | 2,846 EUR |
| 2023 | 1 | 16,003 EUR | 16,003 EUR |
| 2022 | 1 | 4,641 EUR | 4,641 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 1,093 companies in sector 14210 we hold annual accounts for 212. 149 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2018
Fiscal year end30-09
Activities, NACEBEL
14130Manufacture of wearing apparel
14210Manufacture of outerwear
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
14199Manufacture of wearing apparel
14299Manufacture of wearing apparel
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46411Wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:daisyplas@hamptonbays.be