CADELPA
ActiveSummary
CADELPA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €232k and a net result of €-36k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50=
Solvency100=
Growth38=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 36.15 against 5.11 in 2023; short-term debt: 1.5% and cash: 4.6% of total assets), and 3% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
97%
Return on assets
-15.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-36k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-05-2025, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
86 d early
2023
3 d early
2022
23 d late
2021
34 d late
2020
30 d late
2019
186 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€184k▲ 7.3%
2020 · €171k
2018: €374khighest in 4 years
2019: €309k▼ -17.2% vs 2018
2020: €171k▼ -44.6% vs 2019lowest in 4 years
2021: €184k▲ +7.3% vs 2020
2018 → 2021
EBIT margin
38.1%▲ 31.1pp
2020 · 7.0%
2018: -0.2%lowest in 4 years
2019: 11.1%▲ +4646% vs 2018
2020: 7.0%▼ -36.9% vs 2019
2021: 38.1%▲ +442% vs 2020highest in 4 years
2018 → 2021
Net result
€-36k▲ 29.1%
2023 · €-51k
2018: €-64klowest in 7 years
2019: €-26k▲ +59.2% vs 2018
2020: €8k▲ +131% vs 2019
2021: €64k▲ +689% vs 2020highest in 7 years
2022: €-8k▼ -112% vs 2021
2023: €-51k▼ -558% vs 2022
2024: €-36k▲ +29.1% vs 2023
2018 → 2024
Working capital
€125k▲ 19.8%
2023 · €104k
2018: €-4klowest in 7 years
2019: €1k▲ +130% vs 2018
2020: €57k▲ +4355% vs 2019
2021: €125k▲ +117% vs 2020
2022: €106k▼ -15.2% vs 2021
2023: €104k▼ -1.4% vs 2022
2024: €125k▲ +19.8% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€171k-€184k▲ 7.3%
2020: €171k
2021: €184k▲ +7.3% vs 2020
Equity€349k-€364k▲ 4.1%€326k▼ 10.4%€268k▼ 17.7%€232k▼ 13.6%
2020: €349k
2021: €364k▲ +4.1% vs 2020highest in 5 years
2022: €326k▼ -10.4% vs 2021
2023: €268k▼ -17.7% vs 2022
2024: €232k▼ -13.6% vs 2023lowest in 5 years
Operating result€12k-€70k▲ 482%€-11k€-55k▼ 384%€-36k▲ 34.0%
2020: €12k
2021: €70k▲ +482% vs 2020highest in 5 years
2022: €-11k▼ -116% vs 2021
2023: €-55k▼ -384% vs 2022lowest in 5 years
2024: €-36k▲ +34.0% vs 2023
Net result€8k-€64k▲ 689%€-8k€-51k▼ 558%€-36k▲ 29.1%
2020: €8k
2021: €64k▲ +689% vs 2020highest in 5 years
2022: €-8k▼ -112% vs 2021
2023: €-51k▼ -558% vs 2022lowest in 5 years
2024: €-36k▲ +29.1% vs 2023
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 stays negative: a loss of €36k in 2024 against €55k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €239k
Fixed assets
€110k ▼ 33.2%
Current assets
€128k ▼ 0.9%
Equity and liabilities €239k
Equity
€232k ▼ 13.6%
Debt
€7k ▼ 73.4%
Debt's share of the balance-sheet total falls from 9.0% to 3.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19k▲
2023 · €7k
Cash flow
€18k▲
2023 · €10k
Current ratio
36.15▲
2023 · 5.11
Debt to equity
0.03▼
2023 · 0.10
ROE
-15.7%▲
2023 · -19.1%
ROA
-15.2%▲
2023 · -17.4%
Interest coverage
92.49▲
2023 · 32.50
Debt ≤ 1 year
€4k▼
2023 · €25k
Income taxes
€422▲
2023 · €-3k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€295k€239k▼
Fixed assets21/28€165k€110k▼
Intangible fixed assets21€102k€91k▼
Tangible fixed assets22/27€63k€20k▼
Furniture and vehicles24€29k€20k▼
Other tangible fixed assets26€34k-
Current assets29/58€130k€128k▼
Amounts receivable within one year40/41€7k€6k▼
Trade receivables40€1k€6k▲
Other amounts receivable41€6k€457▼
Current investments50/53€109k€109k=
Cash at bank and in hand54/58€11k€11k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€295k€239k▼
Equity10/15€268k€232k▼
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€266k€230k▼
Amounts payable17/49€27k€7k▼
Amounts payable within one year42/48€25k€4k▼
Trade debts44€7k€269▼
Suppliers440/4€7k€269▼
Taxes, remuneration and social security45€10k€155▼
Taxes450/3€3k€155▼
Remuneration and social security454/9€7k-
Other amounts payable47/48€9k€3k▼
Accrued charges and deferred income492/3€1k€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€55k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€9k€22k▲
Operating profit (loss)9901€-55k€-36k▲
Financial income75/76B€496€209▼
Recurring financial income75€496€209▼
Financial charges65/66B€206€204▼
Recurring financial charges65€206€204▼
Profit (loss) for the period before taxes9903€-54k€-36k▲
Income taxes67/77€-3k€422▲
Profit (loss) for the period9904€-51k€-36k▲
Profit (loss) for the period to be appropriated9905€-51k€-36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€266k€230k▼
Profit (loss) brought forward from the previous period14P€318k€266k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €171k | €184k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €54k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €55k | €62k | €61k | €55k | ▼ 10.4% |
| Other operating charges640/8 | - | €4k | €6k | €2k | €3k | ▲ 11.9% |
| Gross operating margin9900 | €71k | €129k | €56k | €9k | €22k | ▲ 136% |
| Operating profit (loss)9901 | €12k | €70k | €-11k | €-55k | €-36k | ▲ 34.0% |
| Financial income75/76B | - | €6 | €6k | €496 | €209 | ▼ 57.8% |
| Recurring financial income75 | €6 | €6 | €1 | €496 | €209 | ▼ 57.8% |
| Non-recurring financial income76B | - | - | €6k | - | - | - |
| Financial charges65/66B | - | €180 | €251 | €206 | €204 | ▼ 1.2% |
| Recurring financial charges65 | €1k | €180 | €251 | €206 | €204 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €11k | €70k | €-6k | €-54k | €-36k | ▲ 33.6% |
| Income taxes67/77 | €2k | €6k | €2k | €-3k | €422 | ▲ 114% |
| Profit (loss) for the period9904 | €8k | €64k | €-8k | €-51k | €-36k | ▲ 29.1% |
| Profit (loss) for the period to be appropriated9905 | €8k | €64k | €-8k | €-51k | €-36k | ▲ 29.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €354k | €428k | €364k | €295k | €239k | ▼ 19.0% |
| Fixed assets21/28 | €294k | €241k | €226k | €165k | €110k | ▼ 33.2% |
| Intangible fixed assets21 | €136k | €125k | €114k | €102k | €91k | ▼ 11.1% |
| Tangible fixed assets22/27 | €158k | €116k | €112k | €63k | €20k | ▼ 69.0% |
| Plant, machinery and equipment23 | - | €389 | - | - | - | - |
| Furniture and vehicles24 | - | €2k | €38k | €29k | €20k | ▼ 33.4% |
| Other tangible fixed assets26 | - | €114k | €74k | €34k | - | - |
| Financial fixed assets28 | €61 | €61 | €61 | - | - | - |
| Current assets29/58 | €60k | €187k | €138k | €130k | €128k | ▼ 0.9% |
| Amounts receivable within one year40/41 | €6k | €19k | €6k | €7k | €6k | ▼ 12.5% |
| Trade receivables40 | - | €19k | €6k | €1k | €6k | ▲ 342% |
| Other amounts receivable41 | - | - | €617 | €6k | €457 | ▼ 92.2% |
| Current investments50/53 | €45k | €100k | €124k | €109k | €109k | = |
| Cash at bank and in hand54/58 | €8k | €68k | €7k | €11k | €11k | ▼ 1.1% |
| Deferred charges and accrued income490/1 | - | €210 | €228 | €2k | €2k | ▼ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €354k | €428k | €364k | €295k | €239k | ▼ 19.0% |
| Equity10/15 | €349k | €364k | €326k | €268k | €232k | ▼ 13.6% |
| Contributions10/11 | €6k | €6k | €6k | - | - | - |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €341k | €355k | €318k | €266k | €230k | ▼ 13.7% |
| Amounts payable17/49 | €5k | €64k | €38k | €27k | €7k | ▼ 73.4% |
| Amounts payable within one year42/48 | €3k | €62k | €32k | €25k | €4k | ▼ 86.0% |
| Trade debts44 | €2k | €2k | €2k | €7k | €269 | ▼ 95.9% |
| Suppliers440/4 | - | €2k | €2k | €7k | €269 | ▼ 95.9% |
| Taxes, remuneration and social security45 | - | €25k | €9k | €10k | €155 | ▼ 98.4% |
| Taxes450/3 | - | €25k | €9k | €3k | €155 | ▼ 94.8% |
| Remuneration and social security454/9 | - | - | - | €7k | - | - |
| Other amounts payable47/48 | - | €35k | €21k | €9k | €3k | ▼ 64.7% |
| Accrued charges and deferred income492/3 | - | €2k | €6k | €1k | €4k | ▲ 172% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €64k | €-8k | €-51k | €-36k | ▲ 29.1% |
| + Depreciation and write-downs630 | €55k | €55k | €62k | €61k | €55k | ▼ 10.4% |
| Operating cash flow (approximation) | €63k | €119k | €54k | €10k | €18k | ▲ 86.1% |
| Investment in fixed assets (approximation) | - | €-2k | €-46k | €-924 | €0 | ▲ 100% |
| Change in cash | - | €60k | €-61k | €4k | €-126 | ▼ 103% |
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
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 7current ratio 36.15
Current ratio from 5.11 to 36.15; short-term debt falls from €25k to €4k.
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
03-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 34 days late
2021
31-12
Financial
Highest result since 2018net €64k ▲689%
Operating result €70k, net result €64k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 186 days late
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
31-12
Financial
Liquidity times 23current ratio 22.89
Current ratio from 1.01 to 22.89; short-term debt falls from €109k to €3k.
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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
2 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, Kraainem · 1 establishment unit since 2006
Ground area
665 m²
Building footprint
135 m²
Volume, LiDAR
851 m³
Parcel 22002A0406/00F000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hebronlaan 88, 1950 Kraainem
since 20062.153.588.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002A0406/00F000 | Flanders | 665 m² | 1 · 135 m² | 9.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493009GO2JK8RY37812
Similar companies · same sector, comparable size
TTP-CONSULTING
BE 0818.936.851
Maaseik · Eq €231,812
Park West
BE 0537.366.241
Antwerpen · Eq €231,817
ODL Management
BE 0565.952.141
Sprimont · Eq €231,820
SR PARTICIPATIONS
BE 0543.309.965
Elsene · Eq €231,752
JOSE NOBELS
BE 0807.494.316
Destelbergen · Eq €231,750
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,245 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
Founded28-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.