CADIS
ActiveSummary
CADIS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €439,438 and a net result of €291,680. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+4
Solvency49▼-38
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 2.55 in 2024; short-term debt: 68.6% and cash: 7.6% of total assets), and 75.9% of the assets are financed with debt.
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Signals
Four 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
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
24.1%
Return on assets
16%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
21 d late
2023
29 d early
2022
8 d late
2021
1 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€439,438▼ 53.5%
2024 · €944,877
Total assets
€1.8m▲ 20.0%
2024 · €1.5m
Net result
€291,680▲ 45.6%
2024 · €200,326
Working capital
€164,520▼ 79.4%
2024 · €797,119
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€229,833▲ 112%€461,087▲ 101%€423,959▼ 8.1%€236,959▼ 44.1%€364,371▲ 53.8%
Net result€167,177▲ 96.0%€332,546▲ 98.9%€345,956▲ 4.0%€200,326▼ 42.1%€291,680▲ 45.6%
Equity€698,594▼ 32.9%€698,594=€744,550▲ 6.6%€944,877▲ 26.9%€439,438▼ 53.5%
Total assets€1.5m▲ 8.4%€1.5m▼ 4.1%€1.5m▲ 5.8%€1.5m▼ 1.2%€1.8m▲ 20.0%
Debt€819,248▲ 129%€757,334▼ 7.6%€796,491▲ 5.2%€577,617▼ 27.5%€1.4m▲ 140%
Working capital€677,416▼ 33.8%€677,015▼ 0.1%€637,322▼ 5.9%€797,119▲ 25.1%€164,520▼ 79.4%
Staff (FTE)4.6▲ 43.8%5.9▲ 28.3%6.4▲ 8.5%8.7▲ 35.9%8.7=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€408,790 ▲ 92.9%
Current assets
€1.4m ▲ 8.2%
Equity and liabilities €1.8m
Equity
€439,438 ▼ 53.5%
Debt
€1.4m ▲ 140%
Debt's share of the balance-sheet total rises from 37.9% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€411,500▲
2024 · €291,006
Cash flow
€338,809▲
2024 · €254,373
Current ratio
1.13▼
2024 · 2.55
Quick ratio
0.91▼
2024 · 1.94
Debt to equity
3.16▲
2024 · 0.61
ROE
66.4%▲
2024 · 21.2%
ROA
16.0%▲
2024 · 13.2%
Interest coverage
17.50▼
2024 · 22.33
Debt ≤ 1 year
€1.3m▲
2024 · €513,443
Debt > 1 year
€133,763▲
2024 · €64,174
Income taxes
€55,646▲
2024 · €28,198
Staff costs
€564,675▼
2024 · €649,691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €226,287 | €339,025 | €462,764 | €649,691 | €564,675 | ▼ 13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,468 | €13,022 | €26,962 | €54,046 | €47,129 | ▼ 12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €5,172 | €995 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,155 | €2,062 | €3,024 | €3,270 | €1,948 | ▼ 40.4% |
| Non-recurring operating charges66A | - | - | - | - | €8,601 | - |
| Gross operating margin9900 | €463,742 | €815,196 | €921,881 | €944,962 | €986,725 | ▲ 4.4% |
| Operating profit (loss)9901 | €229,833 | €461,087 | €423,959 | €236,959 | €364,371 | ▲ 53.8% |
| Financial income75/76B | €154 | €4,288 | €40,621 | €4,598 | €6,472 | ▲ 40.7% |
| Recurring financial income75 | €154 | €4,288 | €40,621 | €4,598 | €6,472 | ▲ 40.7% |
| Financial charges65/66B | €355 | €977 | €2,347 | €13,033 | €23,517 | ▲ 80.4% |
| Recurring financial charges65 | €355 | €977 | €2,347 | €13,033 | €23,517 | ▲ 80.4% |
| Profit (loss) for the period before taxes9903 | €229,632 | €464,398 | €462,233 | €228,524 | €347,326 | ▲ 52.0% |
| Income taxes67/77 | €62,455 | €131,852 | €116,277 | €28,198 | €55,646 | ▲ 97.3% |
| Profit (loss) for the period9904 | €167,177 | €332,546 | €345,956 | €200,326 | €291,680 | ▲ 45.6% |
| Profit (loss) for the period to be appropriated9905 | €167,177 | €332,546 | €345,956 | €200,326 | €291,680 | ▲ 45.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.5m | €1.8m | ▲ 20.0% |
| Fixed assets21/28 | €35,246 | €51,118 | €199,980 | €211,932 | €408,790 | ▲ 92.9% |
| Intangible fixed assets21 | - | - | - | €7,846 | €6,148 | ▼ 21.6% |
| Tangible fixed assets22/27 | €28,946 | €44,818 | €199,980 | €204,086 | €112,024 | ▼ 45.1% |
| Plant, machinery and equipment23 | €1,270 | €795 | €636 | €16,895 | €12,803 | ▼ 24.2% |
| Furniture and vehicles24 | €27,676 | €44,023 | €183,047 | €172,557 | €86,250 | ▼ 50.0% |
| Other tangible fixed assets26 | - | - | €16,296 | €14,634 | €12,971 | ▼ 11.4% |
| Financial fixed assets28 | €6,300 | €6,300 | €0 | - | €290,619 | - |
| Current assets29/58 | €1.5m | €1.4m | €1.3m | €1.3m | €1.4m | ▲ 8.2% |
| Stocks and contracts in progress3 | €107,123 | €225,351 | €229,805 | €313,545 | €274,328 | ▼ 12.5% |
| Stocks30/36 | €107,123 | €225,351 | €229,805 | €313,545 | €274,328 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €1.2m | €1.0m | €1.0m | €836,057 | €973,443 | ▲ 16.4% |
| Trade receivables40 | €189,175 | €428,516 | €472,581 | €427,319 | €565,921 | ▲ 32.4% |
| Other amounts receivable41 | €1.0m | €579,527 | €562,270 | €408,739 | €407,523 | ▼ 0.3% |
| Cash at bank and in hand54/58 | €174,806 | €164,329 | €75,409 | €135,826 | €138,564 | ▲ 2.0% |
| Deferred charges and accrued income490/1 | €3,371 | €7,088 | €997 | €25,133 | €31,866 | ▲ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.5m | €1.8m | ▲ 20.0% |
| Equity10/15 | €698,594 | €698,594 | €744,550 | €944,877 | €439,438 | ▼ 53.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €568,647 | €568,647 | €568,647 | €568,647 | €129,158 | ▼ 77.3% |
| Non-distributable reserves130/1 | €21,460 | €21,460 | €0 | - | - | - |
| Reserves not available under the articles1311 | €21,460 | €21,460 | €0 | - | - | - |
| Distributable reserves133 | €547,187 | €547,187 | €568,647 | €568,647 | €129,158 | ▼ 77.3% |
| Profit (loss) carried forward14 | €111,348 | €111,348 | €157,304 | €357,630 | €291,680 | ▼ 18.4% |
| Amounts payable17/49 | €819,248 | €757,334 | €796,491 | €577,617 | €1.4m | ▲ 140% |
| Amounts payable after more than one year17 | €14,068 | €29,539 | €92,751 | €64,174 | €133,763 | ▲ 108% |
| Financial debts170/4 | €14,068 | €29,539 | €92,751 | €64,174 | €133,763 | ▲ 108% |
| Amounts payable within one year42/48 | €805,180 | €727,796 | €703,740 | €513,443 | €1.3m | ▲ 144% |
| Current portion of amounts payable after more than one year42 | €3,961 | €9,750 | €41,855 | €47,794 | €70,411 | ▲ 47.3% |
| Financial debts43 | - | - | - | - | €200,000 | - |
| Credit institutions430/8 | - | - | - | - | €200,000 | - |
| Trade debts44 | €160,688 | €240,846 | €228,676 | €404,655 | €214,326 | ▼ 47.0% |
| Suppliers440/4 | €160,688 | €240,846 | €228,676 | €404,655 | €214,326 | ▼ 47.0% |
| Advances received on contracts in progress46 | €86,786 | €5,236 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €43,745 | €139,417 | €133,164 | €60,949 | €59,669 | ▼ 2.1% |
| Taxes450/3 | - | €90,375 | €98,129 | €1,114 | €231 | ▼ 79.2% |
| Remuneration and social security454/9 | €43,745 | €49,041 | €35,035 | €59,835 | €59,438 | ▼ 0.7% |
| Other amounts payable47/48 | €510,000 | €332,546 | €300,044 | €44 | €709,276 | ▲ 1,599,530% |
| Accrued charges and deferred income492/3 | - | - | - | - | €110 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €167,177 | €332,546 | €345,956 | €200,326 | €291,680 | ▲ 45.6% |
| + Depreciation and write-downs630 | €6,468 | €13,022 | €26,962 | €54,046 | €47,129 | ▼ 12.8% |
| Operating cash flow (approximation) | €173,645 | €345,568 | €372,918 | €254,373 | €338,809 | ▲ 33.2% |
| Investment in fixed assets (approximation) | - | -€28,894 | -€175,824 | -€65,999 | -€243,988 | ▼ 270% |
| Change in cash | - | -€10,476 | -€88,921 | €60,417 | €2,738 | ▼ 95.5% |
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
31-07
State Gazette act
Appointments: VEW CONSULTING (director) and Gluor (director)Permanent representatives: Wim Van den Brande and Gunther Van den Ackerveken · Resignation: GOJUNE (director) · Power of attorney9 facts ▸
State Gazette act
Appointments: VEW CONSULTING (director) and Gluor (director)
Permanent representatives: Wim Van den Brande and Gunther Van den Ackerveken · Resignation: GOJUNE (director) · Power of attorney9 facts ▸
- General meeting, 08-04-2026
- Director appointment, VEW CONSULTING (director)
- Director appointment, Gluor (director)
- Power of attorney, Johanna Imbrechts
- Power of attorney, Maxime Degenaers
- Permanent representative, Wim Van den Brande (permanent representative)
- Permanent representative, Gunther Van den Ackerveken (permanent representative)
- Director resignation, GOJUNE (director)
- Director discharge, GOJUNE
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €345,956 ▲4%
Net result €345,956, the highest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €85,280 ▼53.9%
Net result drops to €85,280, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1mEq €1.0m ▲8.9%
3 profitable years in a row build equity to €1.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Board 2
Gluor
CurrentDirector · since 31-03-2026 · Private limited company · perm. rep.: Gunther Van den Ackerveken
VEW CONSULTING
CurrentDirector · since 31-03-2026 · Private limited company · perm. rep.: Wim Van den Brande
Permanent representatives 2
Gunther Van den Ackerveken
CurrentPermanent representative · since 31-03-2026 · for Gluor
Wim Van den Brande
CurrentPermanent representative · since 31-03-2026 · for VEW CONSULTING
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 1996
Ground area
1.5 ha
Building footprint
4,171 m²
Volume, LiDAR
14,880 m³
2 parcels, Flanders · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
CADIS
since 19962.075.943.718
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024G0341/00A000 | Flanders | 1.3 ha | 1 · 2,300 m² | 0.4 m |
| 11024G0016/00P002 | Flanders | 1,871 m² | 1 · 1,871 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Gluor |
|
| VEW CONSULTING |
|
| GOJUNE |
|
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
Highest known parent: Gluor. The sources do not say who stands above it.
Owners 1
- GOJUNEparentSourceaccounts GOJUNE 202580%
Holdings 1
-
100%
According to the 2025 annual accounts of CADIS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 23,992 EUR awarded · 22,350 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,840 EUR | 2,713 EUR |
| 2024 | 1 | 2,889 EUR | 1,374 EUR |
| 2023 | 1 | 18,263 EUR | 18,263 EUR |
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Of 1,244 companies in sector 46643 we hold annual accounts for 953. 713 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
Founded19-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
46643Wholesale of electrical equipment, including installation materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457516534
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.