Kapernikov
ActiveKapernikov has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.00M and a net result of €30k. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 10252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
76
/ 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
Profitability71▼-14
Solvency82▲+6
Growth54▼-17
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.56 in 2024; short-term debt: 36.9% and cash: 25.2% of total assets), and 43% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
57%
Return on assets
1.7%
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
48 d early
2023
1 d early
2022
29 d late
2021
31 d late
2020
24 d late
2019
94 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.24M▲ 4.6%
2020 · €3.10M
2018: €2.63M
2019: €3.42M
2020: €3.10M
2018 → 2021
EBIT margin
23.0%▲ 9.1pp
2020 · 14.0%
2018: 9.0%
2019: 7.6%
2020: 14.0%
2018 → 2021
Net result
€30k▼ 87.9%
2024 · €249k
2018: €236k
2019: €236k
2020: €415k
2021: €735k
2022: €102k
2023: €202k
2024: €249k
2018 → 2025
Working capital
€518k▲ 8.8%
2024 · €476k
2018: €606k
2019: €976k
2020: €963k
2021: €328k
2022: €367k
2023: €418k
2024: €476k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.24M-
Equity€433k-€604k▲ 39.3%€736k▲ 21.9%€1.01M▲ 37.2%€1.00M▼ 0.8%
Operating result€746k-€35k▼ 95.3%€252k▲ 614%€316k▲ 25.3%€68k▼ 78.5%
Net result€735k-€102k▼ 86.1%€202k▲ 98.4%€249k▲ 23.0%€30k▼ 87.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.76M
Fixed assets
€590k▼ 7.3%
Current assets
€1.17M▼ 12.3%
Equity and liabilities €1.76M
Equity
€1.00M▼ 0.8%
Provisions
€0▼ 100%
Debt
€756k▼ 20.9%
The debt ratio falls from 48.6% to 43.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€384k▼
2024 · €608k
Cash flow
€346k▼
2024 · €541k
Solvency
57.0%▲
2024 · 51.3%
Current ratio
1.80▲
2024 · 1.56
Quick ratio
1.80▲
2024 · 1.56
Debt / equity
0.75▼
2024 · 0.95
ROE
3.0%▼
2024 · 24.6%
ROA
1.7%▼
2024 · 12.6%
Interest coverage
14.82▼
2024 · 28.65
Debt
€756k▼
2024 · €955k
Debt ≤ 1 year
€649k▼
2024 · €855k
Debt > 1 year
€100k=
2024 · €100k
Income taxes
€14k▼
2024 · €50k
Staff costs
€1.22M▼
2024 · €1.47M
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€1.97M€1.76M▼
Fixed assets21/28€637k€590k▼
Intangible fixed assets21€570k€428k▼
Tangible fixed assets22/27€25k€13k▼
Plant, machinery and equipment23€17k€10k▼
Furniture and vehicles24€5k€2k▼
Other tangible fixed assets26€3k€95▼
Financial fixed assets28€41k€149k▲
Current assets29/58€1.33M€1.17M▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€833k€607k▼
Trade receivables40€716k€502k▼
Other amounts receivable41€116k€105k▼
Cash at bank and in hand54/58€350k€443k▲
Deferred charges and accrued income490/1€148k€117k▼
Equity and liabilities
Total equity and liabilities10/49€1.97M€1.76M▼
Equity10/15€1.01M€1.00M▼
Contributions10/11€6k€6k=
Reserves13€753k€753k=
Distributable reserves133€753k€753k=
Profit (loss) carried forward14€0€30k▲
Investment grants15€251k€213k▼
Provisions and deferred taxes16€2k€0▼
Deferred taxes168€2k€0▼
Amounts payable17/49€955k€756k▼
Amounts payable after more than one year17€100k€100k=
Other amounts payable178/9€100k€100k=
Amounts payable within one year42/48€855k€649k▼
Financial debts43€205k€253k▲
Credit institutions430/8€205k€253k▲
Trade debts44€242k€196k▼
Suppliers440/4€242k€196k▼
Taxes, remuneration and social security45€373k€185k▼
Taxes450/3€153k€53k▼
Remuneration and social security454/9€220k€132k▼
Other amounts payable47/48€34k€15k▼
Accrued charges and deferred income492/3€676€6k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1.47M€1.22M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€292k€316k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€2.08M€1.61M▼
Operating profit (loss)9901€316k€68k▼
Financial income75/76B€51€43▼
Recurring financial income75€51€43▼
Financial charges65/66B€21k€26k▲
Recurring financial charges65€21k€26k▲
Profit (loss) for the period before taxes9903€295k€42k▼
Transfer from deferred taxes780€4k€2k▼
Income taxes67/77€50k€14k▼
Profit (loss) for the period9904€249k€30k▼
Profit (loss) for the period to be appropriated9905€249k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€249k€30k▼
Transfer to equity691/2€223k€0▼
To other reserves6921€223k€0▼
Profit to be distributed694/7€26k€0▼
Employees696€26k€0▼
Social balance
Average headcount (FTE)908719.315.3▼
The notes to these accounts (24 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €30k ▼87.9%
Net result drops to €30k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.01M ▲37.2%
7 profitable years in a row build equity to €1.01M.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Equity above €500kEq €604k ▲39.3%
5 profitable years in a row build equity to €604k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €735k ▲77.2%
Operating result €746k, net result €735k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Equity above €200kEq €269k ▲274%
3 profitable years in a row build equity to €269k.
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 94 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Leuven · 2 establishment units 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.
Wilselsesteenweg 753010 LeuvenGround area
1.1 ha
Building footprint
2,285 m²
Volume, LiDAR
42,740 m³
2 parcels, Brussels, Flanders · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Kapernikov
since 20112.200.254.067
Barastraat 173-177, 1070 Anderlecht
since 20192.286.218.635
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0327/00Y012 ProtectedMonument · Site or landscapeVeeartsenijschool van Kuregem en het park |
Brussels | 1.0 ha | 1 · 2,081 m² | 23.6 m · 7 fl. |
| 24051A0472/00V000 | Flanders | 1,331 m² | 1 · 204 m² | 1.9 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 132,995 EUR awarded · 109,355 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 5,453 EUR | 5,453 EUR |
| 2024 | 2 | 0 EUR | 49,866 EUR |
| 2023 | 2 | 3,870 EUR | 52,870 EUR |
| 2022 | 2 | 123,672 EUR | 1,166 EUR |
Schemes
Strategisch onderzoekscentrum ICON project (SOC-ICON)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
Onderzoeksproject
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Of 3,225 companies in sector 47400 we hold annual accounts for 1,806. 832 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2011
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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
2 entriesE-mail:rein@kapernikov.com
Phone:0496/44.22.65