CADRA
ActiveSummary
CADRA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €374,620 and a net result of €34,455. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-23
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 24.41 against 7.99 in 2024; short-term debt: 4.1% and cash: 0% of total assets), and 5.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
94.1%
Return on assets
8.7%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
235 d late
2023
600 d late
2022
200 d late
2021
1331 d late
2020
1696 d late
2019
2061 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 874 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€374,620▲ 10.1%
2024 · €340,165
Total assets
€398,091▲ 1.1%
2024 · €393,860
Net result
€34,455▼ 18.2%
2024 · €42,110
Working capital
€380,549▲ 11.3%
2024 · €341,901
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€24,477▲ 194%€48,862▲ 99.6%€38,058▼ 22.1%€48,807▲ 28.2%€37,437▼ 23.3%
Net result€25,279▲ 17.8%€32,837▲ 29.9%€40,107▲ 22.1%€42,110▲ 5.0%€34,455▼ 18.2%
Equity€225,112▲ 12.7%€257,948▲ 14.6%€298,055▲ 15.5%€340,165▲ 14.1%€374,620▲ 10.1%
Total assets€313,457▲ 17.6%€356,616▲ 13.8%€372,279▲ 4.4%€393,860▲ 5.8%€398,091▲ 1.1%
Debt€88,292▲ 32.2%€98,668▲ 11.8%€74,223▼ 24.8%€53,695▼ 27.7%€23,470▼ 56.3%
Working capital€223,882▲ 13.4%€249,376▲ 11.4%€295,577▲ 18.5%€341,901▲ 15.7%€380,549▲ 11.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €398,091
Fixed assets
€1,285 ▼ 57.8%
Current assets
€396,806 ▲ 1.5%
Equity and liabilities €398,091
Equity
€374,620 ▲ 10.1%
Debt
€23,470 ▼ 56.3%
Debt's share of the balance-sheet total falls from 13.6% to 5.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,195▼
2024 · €51,676
Cash flow
€36,213▼
2024 · €44,979
Current ratio
24.41▲
2024 · 7.99
Debt to equity
0.06▼
2024 · 0.16
ROE
9.2%▼
2024 · 12.4%
ROA
8.7%▼
2024 · 10.7%
Debt ≤ 1 year
€16,257▼
2024 · €48,916
Income taxes
€13,482▼
2024 · €18,209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €65,993 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,107 | €1,898 | €2,910 | €2,869 | €1,757 | ▼ 38.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€53 | - | - | - | - |
| Other operating charges640/8 | €2,005 | €536 | €526 | €736 | €362 | ▼ 50.8% |
| Gross operating margin9900 | €27,590 | €51,242 | €41,494 | €52,412 | €39,556 | ▼ 24.5% |
| Operating profit (loss)9901 | €24,477 | €48,862 | €38,058 | €48,807 | €37,437 | ▼ 23.3% |
| Financial income75/76B | €17,680 | €22,878 | €18,612 | €11,612 | €10,500 | ▼ 9.6% |
| Recurring financial income75 | €17,680 | €22,878 | €18,612 | €11,612 | €10,500 | ▼ 9.6% |
| Financial charges65/66B | €1,500 | €304 | €195 | €101 | - | - |
| Recurring financial charges65 | €14 | €304 | €195 | €101 | - | - |
| Non-recurring financial charges66B | €1,485 | €304 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €40,657 | €71,436 | €56,474 | €60,319 | €47,937 | ▼ 20.5% |
| Income taxes67/77 | €15,378 | €38,599 | €16,367 | €18,209 | €13,482 | ▼ 26.0% |
| Profit (loss) for the period9904 | €25,279 | €32,837 | €40,107 | €42,110 | €34,455 | ▼ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €25,279 | €32,837 | €40,107 | €42,110 | €34,455 | ▼ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €313,457 | €356,616 | €372,279 | €393,860 | €398,091 | ▲ 1.1% |
| Formation expenses20 | - | €0 | - | - | - | - |
| Fixed assets21/28 | €1,283 | €8,572 | €5,912 | €3,043 | €1,285 | ▼ 57.8% |
| Tangible fixed assets22/27 | €1,283 | €8,572 | €5,662 | €2,793 | €1,035 | ▼ 62.9% |
| Plant, machinery and equipment23 | €278 | €36 | €0 | - | - | - |
| Furniture and vehicles24 | €1,005 | €8,536 | €5,662 | €2,793 | €1,035 | ▼ 62.9% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Financial fixed assets28 | - | - | €250 | €250 | €250 | = |
| Current assets29/58 | €312,174 | €348,044 | €366,367 | €390,817 | €396,806 | ▲ 1.5% |
| Amounts receivable after more than one year29 | - | - | - | €350,000 | €350,000 | = |
| Other amounts receivable291 | - | - | - | €350,000 | €350,000 | = |
| Amounts receivable within one year40/41 | €312,132 | €344,381 | €360,759 | €39,519 | €46,805 | ▲ 18.4% |
| Trade receivables40 | €8,470 | €1,058 | - | €3,070 | €13,677 | ▲ 346% |
| Other amounts receivable41 | €303,662 | €343,324 | €360,759 | €36,449 | €33,128 | ▼ 9.1% |
| Cash at bank and in hand54/58 | €42 | €2,874 | €3,940 | €1,298 | €1 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | €789 | €1,668 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €313,457 | €356,616 | €372,279 | €393,860 | €398,091 | ▲ 1.1% |
| Equity10/15 | €225,112 | €257,948 | €298,055 | €340,165 | €374,620 | ▲ 10.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Reserves13 | €97,018 | €129,855 | €129,855 | €129,855 | €129,855 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €95,158 | €127,995 | €127,995 | €127,995 | €127,995 | = |
| Profit (loss) carried forward14 | €121,894 | €121,894 | €162,001 | €204,111 | €238,566 | ▲ 16.9% |
| Provisions and deferred taxes16 | €53 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €53 | - | - | - | - | - |
| Major repairs and maintenance162 | €53 | - | - | - | - | - |
| Amounts payable17/49 | €88,292 | €98,668 | €74,223 | €53,695 | €23,470 | ▼ 56.3% |
| Amounts payable within one year42/48 | €88,292 | €98,668 | €70,790 | €48,916 | €16,257 | ▼ 66.8% |
| Trade debts44 | €1,118 | €787 | €2 | €38 | €3,143 | ▲ 8,172% |
| Suppliers440/4 | €1,118 | €787 | €2 | €38 | €3,143 | ▲ 8,172% |
| Taxes, remuneration and social security45 | €87,091 | €97,881 | €70,788 | €48,878 | €13,113 | ▼ 73.2% |
| Taxes450/3 | €87,091 | €97,881 | €70,788 | €48,878 | €13,113 | ▼ 73.2% |
| Other amounts payable47/48 | €83 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €3,434 | €4,778 | €7,214 | ▲ 51.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,279 | €32,837 | €40,107 | €42,110 | €34,455 | ▼ 18.2% |
| + Depreciation and write-downs630 | €1,107 | €1,898 | €2,910 | €2,869 | €1,757 | ▼ 38.7% |
| Operating cash flow (approximation) | €26,386 | €34,735 | €43,017 | €44,979 | €36,213 | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | -€9,187 | -€250 | €0 | €0 | - |
| Change in cash | - | €2,832 | €1,066 | -€2,641 | -€1,297 | ▲ 50.9% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
23-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 235 days late
23-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 600 days late
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1331 days late
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1696 days late
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 2061 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 24.41
Current ratio from 7.99 to 24.41; short-term debt falls from €48,916 to €16,257.
2024
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 200 days late
2021
31-12
Financial
Equity above €200,000Eq €225,112 ▲12.7%
3 profitable years in a row build equity to €225,112.
2020
31-12
Financial
Weakest financial yearnet €21,461 ▼50.2%
Net result drops to €21,461, the lowest in the series; recovery starts the following year.
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 186 days late
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 144 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, Assesse · 1 establishment unit since 2004
Ground area
1,842 m²
Building footprint
90 m²
Parcel 92109A0393/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
CADRA
since 20042.144.324.164
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92109A0393/00K000 | Wallonia | 1,842 m² | 1 · 90 m² | - |
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 20,025 companies in sector 43320 we hold annual accounts for 9,134. 6,508 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 (pre-2019)
Founded13-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Contact
Phone
081/44.67.27Assesse
Fax
081/44.67.27Assesse
Scores and ratios are computed by Checked and are not a credit decision.