KAPPERS & CO.
ActiveSummary
KAPPERS & CO. has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €-7k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+38
Solvency83▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 2.16 in 2024; short-term debt: 35.7% and cash: 52.3% of total assets), and 42% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
58%
Return on assets
-4.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-7k
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
37 d early
2023
15 d early
2022
8 d late
2021
25 d late
2020
26 d late
2019
12 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€84k▼ 26.6%
2024 · €114k
2018: €60klowest in 8 years
2019: €84k▲ +39.2% vs 2018
2020: €89k▲ +6.6% vs 2019
2021: €112k▲ +25.3% vs 2020
2022: €130k▲ +16.5% vs 2021
2023: €142k▲ +8.8% vs 2022highest in 8 years
2024: €114k▼ -19.7% vs 2023
2025: €84k▼ -26.6% vs 2024
2018 → 2025
Total assets
€144k▼ 20.8%
2024 · €182k
2018: €171k
2019: €187k▲ +9.5% vs 2018
2020: €190k▲ +1.7% vs 2019
2021: €231k▲ +21.3% vs 2020highest in 8 years
2022: €170k▼ -26.3% vs 2021
2023: €217k▲ +27.4% vs 2022
2024: €182k▼ -16.2% vs 2023
2025: €144k▼ -20.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€-7k▲ 22.5%
2024 · €-9k
2018: €19k
2019: €24k▲ +21.6% vs 2018
2020: €6k▼ -76.6% vs 2019
2021: €26k▲ +364% vs 2020
2022: €23k▼ -9.9% vs 2021
2023: €26k▲ +14.4% vs 2022highest in 8 years
2024: €-9k▼ -133% vs 2023lowest in 8 years
2025: €-7k▲ +22.5% vs 2024
2018 → 2025
Working capital
€42k▼ 34.8%
2024 · €64k
2018: €-19klowest in 8 years
2019: €8k▲ +140% vs 2018
2020: €16k▲ +105% vs 2019
2021: €46k▲ +196% vs 2020
2022: €75k▲ +61.9% vs 2021
2023: €85k▲ +14.0% vs 2022highest in 8 years
2024: €64k▼ -24.3% vs 2023
2025: €42k▼ -34.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€112k-€130k▲ 16.5%€142k▲ 8.8%€114k▼ 19.7%€84k▼ 26.6%
2021: €112k
2022: €130k▲ +16.5% vs 2021
2023: €142k▲ +8.8% vs 2022highest in 5 years
2024: €114k▼ -19.7% vs 2023
2025: €84k▼ -26.6% vs 2024lowest in 5 years
Operating result€29k-€35k▲ 19.0%€38k▲ 9.1%€-6k€-6k▲ 0.2%
2021: €29k
2022: €35k▲ +19.0% vs 2021
2023: €38k▲ +9.1% vs 2022highest in 5 years
2024: €-6k▼ -115% vs 2023lowest in 5 years
2025: €-6k▲ +0.2% vs 2024
Net result€26k-€23k▼ 9.9%€26k▲ 14.4%€-9k€-7k▲ 22.5%
2021: €26k
2022: €23k▼ -9.9% vs 2021
2023: €26k▲ +14.4% vs 2022highest in 5 years
2024: €-9k▼ -133% vs 2023lowest in 5 years
2025: €-7k▲ +22.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€51k ▼ 18.0%
Current assets
€93k ▼ 22.2%
Equity and liabilities €144k
Equity
€84k ▼ 26.6%
Debt
€60k ▼ 11.1%
Debt's share of the balance-sheet total rises from 37.4% to 42.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €6k
Cash flow
€5k▲
2024 · €3k
Current ratio
1.82▼
2024 · 2.16
Quick ratio
1.68▼
2024 · 2.05
Debt to equity
0.72▲
2024 · 0.60
ROE
-8.0%▼
2024 · -7.5%
ROA
-4.6%▲
2024 · -4.7%
Interest coverage
6.81▲
2024 · 1.50
Debt ≤ 1 year
€51k▼
2024 · €56k
Debt > 1 year
€8k▼
2024 · €12k
Income taxes
€399▲
2024 · €382
Staff costs
€11k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€182k€144k▼
Fixed assets21/28€62k€51k▼
Tangible fixed assets22/27€62k€51k▼
Land and buildings22€59k€48k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€1k€1k▼
Current assets29/58€120k€93k▼
Stocks and contracts in progress3€6k€7k▲
Stocks30/36€6k€7k▲
Amounts receivable within one year40/41€3k€3k▼
Trade receivables40€457€1k▲
Other amounts receivable41€3k€2k▼
Current investments50/53€101k-
Cash at bank and in hand54/58-€75k
Deferred charges and accrued income490/1€10k€8k▼
Equity and liabilities
Total equity and liabilities10/49€182k€144k▼
Equity10/15€114k€84k▼
Contributions10/11€19k€19k=
Reserves13€104k€80k▼
Distributable reserves133€104k€80k▼
Profit (loss) carried forward14€-9k€-15k▼
Amounts payable17/49€68k€60k▼
Amounts payable after more than one year17€12k€8k▼
Financial debts170/4€12k€8k▼
Amounts payable within one year42/48€56k€51k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€9k€5k▼
Remuneration and social security454/9€615-
Other amounts payable47/48€39k€39k▼
Accrued charges and deferred income492/3-€731
Income statement
Code20242025
Remuneration, social security and pensions62€11k€11k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€19k€19k▼
Operating profit (loss)9901€-6k€-6k▲
Financial income75/76B€2k€434▼
Recurring financial income75€649€434▼
Non-recurring financial income76B€1k-
Financial charges65/66B€4k€887▼
Recurring financial charges65€4k€887▼
Profit (loss) for the period before taxes9903€-8k€-6k▲
Income taxes67/77€382€399▲
Profit (loss) for the period9904€-9k€-7k▲
Profit (loss) for the period to be appropriated9905€-9k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-15k▼
Profit (loss) brought forward from the previous period14P-€-9k
Transfer from equity791/2€19k€24k▲
Profit to be distributed694/7€19k€24k▲
Return on contributions (dividend)694€19k€24k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €64k | €65k | €8k | €11k | €11k | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €10k | €12k | €12k | ▼ 0.9% |
| Other operating charges640/8 | €1k | €1k | €2k | €1k | €1k | ▼ 4.1% |
| Gross operating margin9900 | €104k | €111k | €57k | €19k | €19k | ▼ 0.3% |
| Operating profit (loss)9901 | €29k | €35k | €38k | €-6k | €-6k | ▲ 0.2% |
| Financial income75/76B | €8k | - | €250 | €2k | €434 | ▼ 74.5% |
| Recurring financial income75 | €27 | - | €250 | €649 | €434 | ▼ 33.1% |
| Non-recurring financial income76B | €8k | - | - | €1k | - | - |
| Financial charges65/66B | €3k | €2k | €2k | €4k | €887 | ▼ 78.3% |
| Recurring financial charges65 | €3k | €2k | €2k | €4k | €887 | ▼ 78.3% |
| Profit (loss) for the period before taxes9903 | €34k | €33k | €36k | €-8k | €-6k | ▲ 23.7% |
| Income taxes67/77 | €8k | €10k | €10k | €382 | €399 | ▲ 4.4% |
| Profit (loss) for the period9904 | €26k | €23k | €26k | €-9k | €-7k | ▲ 22.5% |
| Profit (loss) for the period to be appropriated9905 | €26k | €23k | €26k | €-9k | €-7k | ▲ 22.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231k | €170k | €217k | €182k | €144k | ▼ 20.8% |
| Fixed assets21/28 | €66k | €56k | €73k | €62k | €51k | ▼ 18.0% |
| Tangible fixed assets22/27 | €66k | €56k | €73k | €62k | €51k | ▼ 18.0% |
| Land and buildings22 | €58k | €50k | €69k | €59k | €48k | ▼ 17.6% |
| Plant, machinery and equipment23 | €5k | €4k | €2k | €2k | €1k | ▼ 30.7% |
| Furniture and vehicles24 | €2k | €2k | €2k | €1k | €1k | ▼ 20.0% |
| Current assets29/58 | €165k | €115k | €144k | €120k | €93k | ▼ 22.2% |
| Stocks and contracts in progress3 | €6k | €5k | €4k | €6k | €7k | ▲ 11.4% |
| Stocks30/36 | €6k | €5k | €4k | €6k | €7k | ▲ 11.4% |
| Amounts receivable within one year40/41 | €9k | €4k | €4k | €3k | €3k | ▼ 1.5% |
| Trade receivables40 | €1k | €2k | €2k | €457 | €1k | ▲ 132% |
| Other amounts receivable41 | €7k | €2k | €2k | €3k | €2k | ▼ 23.1% |
| Current investments50/53 | - | - | - | €101k | - | - |
| Cash at bank and in hand54/58 | €147k | €103k | €131k | - | €75k | - |
| Deferred charges and accrued income490/1 | €3k | €3k | €4k | €10k | €8k | ▼ 20.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231k | €170k | €217k | €182k | €144k | ▼ 20.8% |
| Equity10/15 | €112k | €130k | €142k | €114k | €84k | ▼ 26.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €96k | €112k | €123k | €104k | €80k | ▼ 22.7% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €94k | €110k | €123k | €104k | €80k | ▼ 22.7% |
| Profit (loss) carried forward14 | €-2k | - | - | €-9k | €-15k | ▼ 77.5% |
| Amounts payable17/49 | €119k | €40k | €75k | €68k | €60k | ▼ 11.1% |
| Amounts payable after more than one year17 | - | - | €16k | €12k | €8k | ▼ 32.6% |
| Financial debts170/4 | - | - | €16k | €12k | €8k | ▼ 32.6% |
| Amounts payable within one year42/48 | €119k | €40k | €59k | €56k | €51k | ▼ 7.7% |
| Current portion of amounts payable after more than one year42 | - | - | €4k | €4k | €4k | ▲ 5.2% |
| Trade debts44 | €5k | €1k | €8k | €3k | €3k | ▲ 5.4% |
| Suppliers440/4 | €5k | €1k | €8k | €3k | €3k | ▲ 5.4% |
| Taxes, remuneration and social security45 | €18k | €15k | €10k | €9k | €5k | ▼ 44.8% |
| Taxes450/3 | €15k | €14k | €9k | €9k | €5k | ▼ 40.8% |
| Remuneration and social security454/9 | €3k | €486 | €621 | €615 | - | - |
| Other amounts payable47/48 | €97k | €24k | €38k | €39k | €39k | ▼ 1.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €731 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €23k | €26k | €-9k | €-7k | ▲ 22.5% |
| + Depreciation and write-downs630 | €10k | €10k | €10k | €12k | €12k | ▼ 0.9% |
| Operating cash flow (approximation) | €36k | €33k | €36k | €3k | €5k | ▲ 54.3% |
| Investment in fixed assets (approximation) | - | €0 | €-27k | €-850 | €-734 | ▲ 13.7% |
| Change in cash | - | €-45k | €29k | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €26k ▲14.4%
Net result €26k, the highest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.87
Current ratio from 1.39 to 2.87; short-term debt falls from €119k to €40k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Equity above €100kEq €112k ▲25.3%
4 profitable years in a row build equity to €112k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-07
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.
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, Landen · 1 establishment unit since 1996
Ground area
700 m²
Building footprint
109 m²
Volume, LiDAR
369 m³
Parcel 24003B0280/00N000, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kappers & C°
since 19962.074.692.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24003B0280/00N000 | Flanders | 700 m² | 1 · 109 m² | 4.6 m · 1 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.
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Of 2,069 companies in sector 47750 we hold annual accounts for 517. 384 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
96210Hairdressing and barber services
46450Wholesale of perfume and cosmetics
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.