CADRUS
ActiveSummary
CADRUS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,648 and a net result of -€7,892. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 74% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▲+2
Solvency86▼-8
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.95 in 2024; short-term debt: 38.9% and cash: 34.8% of total assets), and 38.9% of the assets are financed with debt.
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Signals
Six 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
61.1%
Return on assets
-8.4%
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 -€7,892
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
24 d late
2023
29 d late
2022
24 d late
2021
34 d late
2020
90 d late
2019
160 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 55 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 26 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€94,198
EBIT margin
4.4%
Net result
-€7,892▲ 14.8%
2024 · -€9,260
Working capital
€51,449▼ 8.9%
2024 · €56,454
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Turnover
Operating result€9,333▼ 15.9%€7,676▼ 17.8%-€854-€6,708▼ 685%-€6,031▲ 10.1%
Net result€5,073within the sector's middle half▼ 41.9%€2,469within the sector's middle half▼ 51.3%-€3,704within the sector's middle half-€9,260below the sector's middle half▼ 150%-€7,892below the sector's middle half▲ 14.8%
EBIT margin
Equity€76,036within the sector's middle half▲ 7.1%€78,504within the sector's middle half▲ 3.2%€74,800within the sector's middle half▼ 4.7%€65,540within the sector's middle half▼ 12.4%€57,648below the sector's middle half▼ 12.0%
Total assets€112,894below the sector's middle half▲ 22.2%€102,799within the sector's middle half▼ 8.9%€104,461within the sector's middle half▲ 1.6%€94,464within the sector's middle half▼ 9.6%€94,410below the sector's middle half▼ 0.1%
Debt€36,858▲ 71.8%€24,294▼ 34.1%€29,661▲ 22.1%€28,924▼ 2.5%€36,762▲ 27.1%
Working capital€74,570within the sector's middle half▲ 1.4%€77,864within the sector's middle half▲ 4.4%€62,507within the sector's middle half▼ 19.7%€56,454within the sector's middle half▼ 9.7%€51,449within the sector's middle half▼ 8.9%
Solvency67.4%above the sector's middle half▼ 9.4pp76.4%above the sector's middle half▲ 9.0pp71.6%above the sector's middle half▼ 4.8pp69.4%above the sector's middle half▼ 2.2pp61.1%within the sector's middle half▼ 8.3pp
Current ratio3.02above the sector's middle half▼ 2.244.21above the sector's middle half▲ 1.183.11above the sector's middle half▼ 1.102.95above the sector's middle half▼ 0.162.40within the sector's middle half▼ 0.55
Return on assets (ROA)4.5%within the sector's middle half▼ 4.9pp2.4%within the sector's middle half▼ 2.1pp-3.5%within the sector's middle half▼ 5.9pp-9.8%below the sector's middle half▼ 6.3pp-8.4%below the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,031 in 2025 against €6,708 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94,410
Fixed assets
€6,199 ▼ 31.8%
Current assets
€88,211 ▲ 3.3%
Equity and liabilities €94,410
Equity
€57,648 ▼ 12.0%
Debt
€36,762 ▲ 27.1%
Debt's share of the balance-sheet total rises from 30.6% to 38.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,144▲
2024 · -€3,501
Cash flow
-€5,005▲
2024 · -€6,053
Quick ratio
1.17▼
2024 · 1.38
Debt to equity
0.64▲
2024 · 0.44
ROE
-13.7%▲
2024 · -14.1%
Interest coverage
-1.69▼
2024 · -1.38
Debt ≤ 1 year
€36,762▲
2024 · €28,924
Staff costs
€41,791▲
2024 · €39,504
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,321 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,500 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €24,475 | €25,297 | €42,196 | €39,504 | €41,791 | ▲ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €320 | €320 | €2,846 | €3,207 | €2,887 | ▼ 10.0% |
| Other operating charges640/8 | €1,254 | €853 | €1,206 | €392 | €765 | ▲ 95.2% |
| Gross operating margin9900 | €35,381 | €34,146 | €45,394 | €36,395 | €39,412 | ▲ 8.3% |
| Operating profit (loss)9901 | €9,333 | €7,676 | -€854 | -€6,708 | -€6,031 | ▲ 10.1% |
| Financial income75/76B | €1 | €2,223 | €1,891 | €2 | €3 | ▲ 50.0% |
| Recurring financial income75 | €1 | €2,223 | €1,891 | €2 | €3 | ▲ 50.0% |
| Financial charges65/66B | €2,161 | €4,825 | €3,231 | €2,546 | €1,864 | ▼ 26.8% |
| Recurring financial charges65 | €2,161 | €4,825 | €3,231 | €2,546 | €1,864 | ▼ 26.8% |
| Profit (loss) for the period before taxes9903 | €7,173 | €5,074 | -€2,194 | -€9,252 | -€7,892 | ▲ 14.7% |
| Income taxes67/77 | €2,100 | €2,605 | €1,510 | €8 | - | - |
| Profit (loss) for the period9904 | €5,073 | €2,469 | -€3,704 | -€9,260 | -€7,892 | ▲ 14.8% |
| Transfer to tax-exempt reserves689 | €1,500 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3,573 | €2,469 | -€3,704 | -€9,260 | -€7,892 | ▲ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,894 | €102,799 | €104,461 | €94,464 | €94,410 | ▼ 0.1% |
| Fixed assets21/28 | €1,465 | €640 | €12,293 | €9,086 | €6,199 | ▼ 31.8% |
| Tangible fixed assets22/27 | €960 | €640 | €12,228 | €9,021 | €6,134 | ▼ 32.0% |
| Plant, machinery and equipment23 | €960 | €640 | €320 | - | - | - |
| Furniture and vehicles24 | - | - | €11,908 | €9,021 | €6,134 | ▼ 32.0% |
| Financial fixed assets28 | €505 | - | €65 | €65 | €65 | = |
| Current assets29/58 | €111,429 | €102,159 | €92,168 | €85,378 | €88,211 | ▲ 3.3% |
| Stocks and contracts in progress3 | €31,096 | €29,172 | €41,744 | €45,543 | €45,237 | ▼ 0.7% |
| Stocks30/36 | €31,096 | €18,266 | €15,069 | €17,287 | €16,690 | ▼ 3.5% |
| Contracts in progress37 | - | €10,906 | €26,675 | €28,256 | €28,547 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €4,888 | €35,139 | €15,916 | €886 | €9,879 | ▲ 1,015% |
| Trade receivables40 | €4,888 | €120 | €15,916 | €886 | €9,879 | ▲ 1,015% |
| Other amounts receivable41 | - | €35,019 | - | - | - | - |
| Current investments50/53 | €285 | €285 | €285 | €285 | €287 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €56,856 | €37,562 | €34,223 | €38,664 | €32,808 | ▼ 15.1% |
| Deferred charges and accrued income490/1 | €18,302 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,894 | €102,799 | €104,461 | €94,464 | €94,410 | ▼ 0.1% |
| Equity10/15 | €76,036 | €78,504 | €74,800 | €65,540 | €57,648 | ▼ 12.0% |
| Contributions10/11 | €18,592 | €18,592 | €20,451 | €20,451 | €20,451 | = |
| Capital10 | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €7,359 | €7,359 | €5,500 | €5,500 | €5,500 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Legal reserve130 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €5,500 | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Profit (loss) carried forward14 | €50,085 | €52,553 | €48,849 | €39,589 | €31,697 | ▼ 19.9% |
| Amounts payable17/49 | €36,858 | €24,294 | €29,661 | €28,924 | €36,762 | ▲ 27.1% |
| Amounts payable within one year42/48 | €36,858 | €24,294 | €29,661 | €28,924 | €36,762 | ▲ 27.1% |
| Trade debts44 | €24,479 | €14,929 | €22,181 | €19,578 | €15,030 | ▼ 23.2% |
| Suppliers440/4 | €24,479 | €14,929 | €22,181 | €19,578 | €15,030 | ▼ 23.2% |
| Taxes, remuneration and social security45 | €12,380 | €9,365 | €6,614 | €8,680 | €8,529 | ▼ 1.7% |
| Taxes450/3 | €9,584 | €5,947 | €3,109 | €6,230 | €4,583 | ▼ 26.4% |
| Remuneration and social security454/9 | €2,795 | €3,418 | €3,505 | €2,450 | €3,946 | ▲ 61.1% |
| Other amounts payable47/48 | - | - | €866 | €666 | €13,203 | ▲ 1,882% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,073 | €2,469 | -€3,704 | -€9,260 | -€7,892 | ▲ 14.8% |
| + Depreciation and write-downs630 | €320 | €320 | €2,846 | €3,207 | €2,887 | ▼ 10.0% |
| Operating cash flow (approximation) | €5,393 | €2,789 | -€858 | -€6,053 | -€5,005 | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | €505 | -€14,499 | €0 | €0 | - |
| Change in cash | - | -€19,295 | -€3,339 | €4,441 | -€5,856 | ▼ 232% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Weakest financial yearnet -€9,260
Net result drops to -€9,260, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
03-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 34 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 160 days late
2020
31-12
Financial
Highest result since 2018net €8,727 ▲239%
Operating result €11,099, net result €8,727, both a record.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Anderlecht · 1 establishment unit since 1991
Ground area
184 m²
Building footprint
124 m²
Volume, LiDAR
840 m³
Parcel 21001A0185/00D003, Brussels · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Adolphe Willemynsstraat 314, 1070 Anderlecht
since 19912.052.932.645
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0185/00D003 | Brussels | 184 m² | 1 · 124 m² | 10.1 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.
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Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 781 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
Founded03-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442928130
Also
9925:BE0442928130
Registered
05-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.