Financials
- Fiscal year
- 2025
- Total assets
- €5,426
- Profit
- €2,500
- Solvency
- -127.7%
Total assets▲ 59.4%
Net result
20242025
KAPIRO
ActiveSummary
KAPIRO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,926) and a net result of €2,500. Its solvency ranks better than 5% of 16076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
Size
€5,426total assets 2025
- Equity
- -€6,926
- Profit
- €2,500
Turnover not published (abridged schema)
Structure
Accounts 32 d early0 of 1 deed read
Why 56Capped at 59: negative equity- Negative equity -€6,926- Founded in 2023+ Sector Real estate activities (NACE 68)+ Liquidity: current ratio 0.37, cash €2,772Show the evidence
Checked score
Score 2025
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 57% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency
0=
equity -127.7% of total assets
Liquidity
50+48
short-term debt 227.7% · cash 51.1%
Profitability
100+100
return on assets 46.1%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%
12-2024: 0.7%▲ +3.0% vs 11-2024
01-2025: 0.7%▲ +5.7% vs 12-2024
02-2025: 0.8%▲ +6.0% vs 01-2025
03-2025: 0.9%▲ +12.5% vs 02-2025
04-2025: 0.9%● 0.0% vs 03-2025
05-2025: 1.0%▲ +11.3% vs 04-2025
06-2025: 1.0%▲ +2.2% vs 05-2025
07-2025: 0.9%▼ -5.0% vs 06-2025
08-2025: 1.0%▲ +10.6% vs 07-2025
09-2025: 1.1%▲ +5.1% vs 08-2025
10-2025: 1.3%▲ +24.6% vs 09-2025highest value
11-2025: 1.3%● 0.0% vs 10-2025highest value
12-2025: 1.3%▼ -0.8% vs 11-2025
01-2026: 1.3%▼ -1.0% vs 12-2025
02-2026: 1.3%● 0.0% vs 01-2026
03-2026: 1.3%▼ -1.1% vs 02-2026
04-2026: 1.3%● 0.0% vs 03-2026
05-2026: 1.3%▼ -2.7% vs 04-2026
06-2026: 1.3%▼ -0.2% vs 05-2026
07-2026: 0.5%▼ -61.8% vs 06-2026lowest value
08-2026: 0.5%● 0.0% vs 07-2026lowest value
09-2026: 0.5%● 0.0% vs 08-2026lowest value
10-2026: 0.5%● 0.0% vs 09-2026lowest value
- Sector Real estate activities (NACE 68) lowers the probability
- Negative equity -€6,926 raises the probability
- Founded in 2023 raises the probability for this profile
- Liquidity: current ratio 0.37, cash €2,772 lowers the probability
No credit on open account
Liquidity short (current ratio 0.37; short-term debt: 227.7% and cash: 51.1% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 5%, liquidity 49%, profitability 95%, growth against the median 79%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 16076 sector peers (2025).
NBB · sector comparisonPosition among 16076 sector peers
Solvency
better than 5%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
32 d early
2024
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €2,500
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 3
- Since
- 2025
- Next accounts
- by 31-07-2027
- 29-06-2026Annual accounts filed
- 31-12-2025Back to profit
- 08-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Buying and selling of own real estateNACE 68110
- Founded
- 25-09-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.