CAD GROUP
Bankruptcy closedInactive since 30-05-2026; last annual accounts for fiscal year 2022.
Summary
CAD GROUP was declared bankrupt on 03-07-2024 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 26-05-2026, published in the Belgian State Gazette on 01-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 22-10-2023, 83 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
83 d late
2021
297 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 190 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€29,486▼ 45.0%
2021 · €53,649
Total assets
€286,978▼ 10.5%
2021 · €320,611
Net result
-€24,163
2021 · €68,649
Working capital
€33,927▼ 24.1%
2021 · €44,683
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022
Operating result€94,360--€21,782
Net result€68,649within the sector's middle half--€24,163below the sector's middle half
Equity€53,649below the sector's middle half-€29,486within the sector's middle half▼ 45.0%
Total assets€320,611below the sector's middle half-€286,978within the sector's middle half▼ 10.5%
Debt€266,962-€257,493▼ 3.5%
Working capital€44,683within the sector's middle half-€33,927within the sector's middle half▼ 24.1%
Solvency16.7%below the sector's middle half-10.3%below the sector's middle half▼ 6.5pp
Current ratio1.42within the sector's middle half-1.32within the sector's middle half▼ 0.10
Return on assets (ROA)21.4%above the sector's middle half--8.4%below the sector's middle half▼ 29.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €21,782 after €94,360 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €286,502
Fixed assets
€145,783 ▼ 13.1%
Current assets
€140,719 ▼ 7.5%
Equity and liabilities €286,978
Equity
€29,486 ▼ 45.0%
Debt
€257,493 ▼ 3.5%
Debt's share of the balance-sheet total rises from 83.3% to 89.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€494▼
2021 · €120,371
Cash flow
-€1,887▼
2021 · €94,659
Debt to equity
8.73▲
2021 · 4.98
ROE
-81.9%▼
2021 · 128.0%
Interest coverage
0.22▼
2021 · 19.90
Debt ≤ 1 year
€106,792▼
2021 · €107,392
Debt > 1 year
€149,170▼
2021 · €159,570
Income taxes
€171▼
2021 · €19,726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €9,963 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,010 | €22,276 | ▼ 14.4% |
| Other operating charges640/8 | €7,763 | €1,419 | ▼ 81.7% |
| Gross operating margin9900 | €138,096 | €1,913 | ▼ 98.6% |
| Operating profit (loss)9901 | €94,360 | -€21,782 | ▼ 123% |
| Financial income75/76B | €63 | €10 | ▼ 84.2% |
| Recurring financial income75 | €63 | €10 | ▼ 84.2% |
| Financial charges65/66B | €6,049 | €2,220 | ▼ 63.3% |
| Recurring financial charges65 | €6,049 | €2,220 | ▼ 63.3% |
| Profit (loss) for the period before taxes9903 | €88,375 | -€23,992 | ▼ 127% |
| Income taxes67/77 | €19,726 | €171 | ▼ 99.1% |
| Profit (loss) for the period9904 | €68,649 | -€24,163 | ▼ 135% |
| Profit (loss) for the period to be appropriated9905 | €68,649 | -€24,163 | ▼ 135% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €320,611 | €286,978 | ▼ 10.5% |
| Formation expenses20 | €708 | €476 | ▼ 32.7% |
| Fixed assets21/28 | €167,828 | €145,783 | ▼ 13.1% |
| Intangible fixed assets21 | €157,315 | €139,315 | ▼ 11.4% |
| Tangible fixed assets22/27 | €9,258 | €5,213 | ▼ 43.7% |
| Furniture and vehicles24 | €9,258 | €5,213 | ▼ 43.7% |
| Financial fixed assets28 | €1,256 | €1,256 | = |
| Current assets29/58 | €152,075 | €140,719 | ▼ 7.5% |
| Amounts receivable after more than one year29 | €70,613 | €38,353 | ▼ 45.7% |
| Other amounts receivable291 | €70,613 | €38,353 | ▼ 45.7% |
| Amounts receivable within one year40/41 | €75,646 | €93,944 | ▲ 24.2% |
| Trade receivables40 | €15,153 | €93,855 | ▲ 519% |
| Other amounts receivable41 | €60,493 | €89 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €3,795 | €6,399 | ▲ 68.6% |
| Deferred charges and accrued income490/1 | €2,022 | €2,022 | = |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €320,611 | €286,978 | ▼ 10.5% |
| Equity10/15 | €53,649 | €29,486 | ▼ 45.0% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €50,649 | €26,486 | ▼ 47.7% |
| Amounts payable17/49 | €266,962 | €257,493 | ▼ 3.5% |
| Amounts payable after more than one year17 | €159,570 | €149,170 | ▼ 6.5% |
| Financial debts170/4 | €159,570 | €149,170 | ▼ 6.5% |
| Amounts payable within one year42/48 | €107,392 | €106,792 | ▼ 0.6% |
| Financial debts43 | €14,754 | - | - |
| Credit institutions430/8 | €14,754 | - | - |
| Trade debts44 | €31,705 | €31,138 | ▼ 1.8% |
| Suppliers440/4 | €31,705 | €31,138 | ▼ 1.8% |
| Advances received on contracts in progress46 | - | €239 | - |
| Taxes, remuneration and social security45 | €42,934 | €57,415 | ▲ 33.7% |
| Taxes450/3 | €42,934 | €57,415 | ▲ 33.7% |
| Other amounts payable47/48 | €18,000 | €18,000 | = |
| Accrued charges and deferred income492/3 | - | €1,531 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €68,649 | -€24,163 | ▼ 135% |
| + Depreciation and write-downs630 | €26,010 | €22,276 | ▼ 14.4% |
| Operating cash flow (approximation) | €94,659 | -€1,887 | ▼ 102% |
| Investment in fixed assets (approximation) | - | -€231 | - |
| Change in cash | - | €2,605 | - |
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
2026
01-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 26-05-2026
2024
10-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 03-07-2024
2023
22-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 83 days late
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 297 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Lummen
Ground area
1,052 m²
Building footprint
140 m²
Volume, LiDAR
885 m³
Parcel 71038D0021/00A000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71038D0021/00A000 | Flanders | 1,052 m² | 1 · 139 m² | 9.9 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CATHERINE NOELMANS MOERENSTRAAT 33,
3700 TONGEREN |
03-07-2024 → 26-05-2026 |
| Curator | CECILE NOELMANS Moerenstraat 33, 3700 TONGEREN- |
03-07-2024 → 26-05-2026 |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 365 EUR awarded · 365 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 365 EUR | 365 EUR |
Similar companies · same sector, comparable size
BOECKX STEVEN ALGEMENE BOUWONDERNEMING
BE 0898.941.560
Westerlo · Eq €29,492
ALGEMENE BOUWONDERNEMING J. VLEUGELS EN ZONEN
BE 0414.863.951
Brasschaat · Eq €29,469
LUCIAN CONSTRUCT
BE 0756.747.082
Oostende · Eq €29,467
Khaladji Bouw
BE 0767.446.281
Turnhout · Eq €29,524
ENTREPRISE SAINT JOSEPH
BE 1012.991.883
Tienen · Eq €29,527
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,415 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
Founded24-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
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.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.