Summary
CADUS has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.5m and a net result of -€161,370. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 45% of 934 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
41 d early
2022
66 d early
2021
52 d early
2020
58 d early
2019
37 d early
← 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 28 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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, full schema
In the rankings
#7 company by total assets in Sint-Martens-Latem, Administrative and support services sector#7 company by equity in Sint-Martens-Latem, Administrative and support services sector
Turnover
€1.1m▼ 9.5%
2024 · €1.2m
EBIT margin
-5.8%▼ 1.0pp
2024 · -4.8%
Net result
-€161,370▲ 12.3%
2024 · -€183,981
Working capital
-€1.3m▲ 28.4%
2024 · -€1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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€1.0m▲ 38.8%€1.3m▲ 26.9%€1.4m▲ 3.8%€1.2m▼ 9.5%€1.1m▼ 9.5%
Operating result€23,936€46,942▲ 96.1%-€64,864-€59,426▲ 8.4%-€64,713▼ 8.9%
Net result€32,645within the sector's middle half-€83,455below the sector's middle half€345,052above the sector's middle half-€183,981below the sector's middle half-€161,370below the sector's middle half▲ 12.3%
EBIT margin2.3%▲ 10.2pp3.6%▲ 1.3pp-4.8%▼ 8.3pp-4.8%▼ 0.1pp-5.8%▼ 1.0pp
Equity€4.6mabove the sector's middle half▲ 0.7%€4.5mabove the sector's middle half▼ 1.8%€4.9mabove the sector's middle half▲ 7.7%€4.7mabove the sector's middle half▼ 3.8%€4.5mabove the sector's middle half▼ 3.5%
Total assets€11.1mabove the sector's middle half▼ 0.8%€11.0mabove the sector's middle half▼ 0.8%€11.2mabove the sector's middle half▲ 2.5%€11.3mabove the sector's middle half▲ 0.9%€11.5mabove the sector's middle half▲ 1.1%
Debt€6.5m▼ 1.9%€6.5m▼ 0.1%€6.4m▼ 1.1%€6.7m▲ 4.4%€7.0m▲ 4.2%
Working capital-€2.1m▲ 45.4%-€1.8m▲ 14.2%-€2.0m▼ 9.5%-€1.8m▲ 6.2%-€1.3m▲ 28.4%
Solvency41.5%within the sector's middle half▲ 0.6pp41.1%within the sector's middle half▼ 0.4pp43.2%within the sector's middle half▲ 2.1pp41.2%within the sector's middle half▼ 2.0pp39.3%within the sector's middle half▼ 1.8pp
Staff (FTE)2.8within the sector's middle half▲ 16.7%3within the sector's middle half▲ 7.1%2.8within the sector's middle half▼ 6.7%2.6within the sector's middle half▼ 7.1%2.5within the sector's middle half▼ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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 €64,713 in 2025 against €59,426 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.5m
Fixed assets
€10.4m ▼ 1.9%
Current assets
€1.1m ▲ 44.6%
Equity and liabilities €11.5m
Equity
€4.5m ▼ 3.5%
Debt
€7.0m ▲ 4.2%
Debt's share of the balance-sheet total rises from 58.8% to 60.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-3.6%▲
2024 · -3.9%
ROA
-1.4%▲
2024 · -1.6%
Debt ≤ 1 year
€2.4m▼
2024 · €2.6m
Debt > 1 year
€4.6m▲
2024 · €4.1m
Income taxes
€1,416▼
2024 · €7,021
Staff costs
€176,950▲
2024 · €176,594
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.1m | €1.3m | €1.5m | €1.3m | €1.1m | ▼ 11.2% |
| Turnover70 | €1.0m | €1.3m | €1.4m | €1.2m | €1.1m | ▼ 9.5% |
| Other operating income74 | €14,867 | €15,760 | €158,443 | €35,055 | €25,136 | ▼ 28.3% |
| Non-recurring operating income76A | €19,635 | €3,794 | €6,204 | €16,720 | €100 | ▼ 99.4% |
| Operating charges60/66A | €1.0m | €1.3m | €1.6m | €1.3m | €1.2m | ▼ 10.3% |
| Services and other goods61 | €548,406 | €759,153 | €974,660 | €847,994 | €718,895 | ▼ 15.2% |
| Remuneration, social security and pensions62 | €174,316 | €195,131 | €185,019 | €176,594 | €176,950 | ▲ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €262,707 | €250,478 | €243,971 | €232,247 | €235,269 | ▲ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €120,000 | €0 | - | - |
| Other operating charges640/8 | €59,968 | €63,610 | €68,520 | €77,272 | €75,506 | ▼ 2.3% |
| Non-recurring operating charges66A | - | €16,925 | €0 | €10,763 | €0 | ▼ 100% |
| Operating profit (loss)9901 | €23,936 | €46,942 | -€64,864 | -€59,426 | -€64,713 | ▼ 8.9% |
| Financial income75/76B | €124,905 | €9,380 | €1.5m | €11,649 | €42,040 | ▲ 261% |
| Recurring financial income75 | €81,155 | €9,380 | €13,650 | €11,649 | €42,040 | ▲ 261% |
| Income from financial fixed assets750 | €62,946 | €3,314 | €0 | - | €42,040 | - |
| Income from current assets751 | €3,667 | €0 | - | - | - | - |
| Other financial income752/9 | €14,542 | €6,066 | €13,650 | €11,649 | €0 | ▼ 100% |
| Non-recurring financial income76B | €43,750 | €0 | €1.5m | €0 | - | - |
| Financial charges65/66B | €115,616 | €124,509 | €1.1m | €129,183 | €137,281 | ▲ 6.3% |
| Recurring financial charges65 | €115,616 | €124,509 | €137,879 | €129,183 | €137,281 | ▲ 6.3% |
| Debt charges650 | €106,694 | €117,893 | €134,134 | €125,022 | €133,271 | ▲ 6.6% |
| Other financial charges652/9 | €8,922 | €6,616 | €3,745 | €4,161 | €4,010 | ▼ 3.6% |
| Non-recurring financial charges66B | - | - | €926,612 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €33,224 | -€68,187 | €351,938 | -€176,960 | -€159,954 | ▲ 9.6% |
| Income taxes67/77 | €579 | €15,268 | €6,886 | €7,021 | €1,416 | ▼ 79.8% |
| Taxes670/3 | €579 | €15,268 | €6,886 | €7,021 | €1,416 | ▼ 79.8% |
| Profit (loss) for the period9904 | €32,645 | -€83,455 | €345,052 | -€183,981 | -€161,370 | ▲ 12.3% |
| Profit (loss) for the period to be appropriated9905 | €32,645 | -€83,455 | €345,052 | -€183,981 | -€161,370 | ▲ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.1m | €11.0m | €11.2m | €11.3m | €11.5m | ▲ 1.1% |
| Fixed assets21/28 | €10.8m | €10.7m | €10.9m | €10.6m | €10.4m | ▼ 1.9% |
| Tangible fixed assets22/27 | €3.2m | €2.9m | €2.7m | €2.5m | €2.3m | ▼ 8.4% |
| Land and buildings22 | €741,559 | €721,174 | €700,790 | €680,405 | €660,021 | ▼ 3.0% |
| Plant, machinery and equipment23 | €50,240 | €25,549 | €32,125 | €41,753 | €35,196 | ▼ 15.7% |
| Furniture and vehicles24 | €24,057 | €1,370 | €20,677 | €3,806 | €22,461 | ▲ 490% |
| Leasing and similar rights25 | - | - | €53,756 | €0 | - | - |
| Other tangible fixed assets26 | €2.3m | €2.1m | €1.9m | €1.7m | €1.5m | ▼ 11.4% |
| Financial fixed assets28 | €7.7m | €7.8m | €8.2m | €8.1m | €8.1m | = |
| Affiliated companies280/1 | €5.4m | €5.5m | €7.4m | €7.4m | €7.4m | = |
| Participating interests280 | €5.0m | €5.5m | €6.6m | €6.6m | €6.6m | = |
| Amounts receivable281 | €360,000 | €0 | €797,200 | €797,200 | €797,200 | = |
| Companies linked by participating interests282/3 | €2.3m | €2.3m | €846,687 | €788,151 | €788,151 | = |
| Participating interests282 | €2.0m | €2.1m | €694,151 | €694,151 | €711,651 | ▲ 2.5% |
| Amounts receivable283 | €273,555 | €273,555 | €152,536 | €94,000 | €76,500 | ▼ 18.6% |
| Other financial fixed assets284/8 | €1 | €1 | €0 | - | - | - |
| Shares284 | €1 | €1 | €0 | - | - | - |
| Current assets29/58 | €221,199 | €300,252 | €292,846 | €732,357 | €1.1m | ▲ 44.6% |
| Amounts receivable after more than one year29 | €0 | - | - | - | - | - |
| Other amounts receivable291 | €0 | - | - | - | - | - |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €170,647 | €290,051 | €288,023 | €732,357 | €1.1m | ▲ 44.2% |
| Trade receivables40 | €55,448 | €109,110 | €210,404 | €502,852 | €423,476 | ▼ 15.8% |
| Other amounts receivable41 | €115,199 | €180,942 | €77,619 | €229,505 | €632,398 | ▲ 176% |
| Cash at bank and in hand54/58 | €10,551 | €2,327 | €4,823 | €0 | €235 | - |
| Deferred charges and accrued income490/1 | €40,000 | €7,874 | €0 | - | €2,701 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.1m | €11.0m | €11.2m | €11.3m | €11.5m | ▲ 1.1% |
| Equity10/15 | €4.6m | €4.5m | €4.9m | €4.7m | €4.5m | ▼ 3.5% |
| Contributions10/11 | €523,474 | €523,474 | €523,474 | €523,474 | €523,474 | = |
| Capital10 | €523,474 | €523,474 | €523,474 | €523,474 | €523,474 | = |
| Issued capital100 | €523,474 | €523,474 | €523,474 | €523,474 | €523,474 | = |
| Revaluation surpluses12 | €1.9m | €1.7m | €1.6m | €1.4m | €1.3m | ▼ 10.5% |
| Reserves13 | €2.2m | €2.3m | €2.8m | €2.7m | €2.7m | ▼ 0.4% |
| Non-distributable reserves130/1 | €52,347 | €52,347 | €52,347 | €52,347 | €52,347 | = |
| Legal reserve130 | €52,347 | €52,347 | €52,347 | €52,347 | €52,347 | = |
| Tax-exempt reserves132 | €22,928 | €22,928 | €22,928 | €22,928 | €22,928 | = |
| Distributable reserves133 | €2.1m | €2.2m | €2.7m | €2.6m | €2.6m | ▼ 0.5% |
| Amounts payable17/49 | €6.5m | €6.5m | €6.4m | €6.7m | €7.0m | ▲ 4.2% |
| Amounts payable after more than one year17 | €4.2m | €4.4m | €4.1m | €4.1m | €4.6m | ▲ 11.5% |
| Financial debts170/4 | €4.2m | €4.4m | €4.1m | €4.1m | €4.6m | ▲ 11.5% |
| Leasing and similar obligations172 | - | - | €25,351 | €0 | - | - |
| Credit institutions173 | €3.5m | €3.1m | €2.8m | €2.4m | €1.9m | ▼ 19.3% |
| Other loans174 | €660,000 | €1.3m | €1.3m | €1.7m | €2.7m | ▲ 53.1% |
| Amounts payable within one year42/48 | €2.3m | €2.1m | €2.3m | €2.6m | €2.4m | ▼ 7.6% |
| Current portion of amounts payable after more than one year42 | €659,966 | €741,505 | €456,112 | €444,562 | €406,329 | ▼ 8.6% |
| Financial debts43 | €411,600 | €9,800 | €0 | €4,086 | €36,450 | ▲ 792% |
| Credit institutions430/8 | €411,600 | €9,800 | €0 | €4,086 | €36,450 | ▲ 792% |
| Trade debts44 | €329,687 | €252,769 | €454,802 | €465,891 | €455,947 | ▼ 2.1% |
| Suppliers440/4 | €329,687 | €252,769 | €454,802 | €465,891 | €455,947 | ▼ 2.1% |
| Taxes, remuneration and social security45 | €99,177 | €109,322 | €104,687 | €141,102 | €124,774 | ▼ 11.6% |
| Taxes450/3 | €64,423 | €78,621 | €66,306 | €100,831 | €62,596 | ▼ 37.9% |
| Remuneration and social security454/9 | €34,754 | €30,701 | €38,380 | €40,271 | €62,178 | ▲ 54.4% |
| Other amounts payable47/48 | €806,913 | €976,518 | €1.2m | €1.5m | €1.4m | ▼ 10.7% |
| Accrued charges and deferred income492/3 | €5,221 | €5,306 | €8,161 | €1,223 | €5,017 | ▲ 310% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,645 | -€83,455 | €345,052 | -€183,981 | -€161,370 | ▲ 12.3% |
| + Depreciation and write-downs630 | €262,707 | €250,478 | €243,971 | €232,247 | €235,269 | ▲ 1.3% |
| Operating cash flow (approximation) | €295,352 | €167,023 | €589,023 | €48,266 | €73,899 | ▲ 53.1% |
| Investment in fixed assets (approximation) | - | -€79,075 | -€524,207 | €110,688 | -€28,898 | ▼ 126% |
| Change in cash | - | -€8,225 | €2,496 | -€4,823 | €235 | ▲ 105% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€183,981
Net result drops to -€183,981, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €345,052
Net result €345,052 after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €32,645
Net result €32,645 after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Sint-Martens-Latem · 1 establishment unit since 2005
Ground area
1,997 m²
Building footprint
163 m²
Volume, LiDAR
647 m³
Parcel 44064A0692/00N000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CADUS
since 20052.148.442.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0692/00N000 | Flanders | 1,997 m² | 1 · 163 m² | 6.7 m · 1 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.
Structure & network
Owners and holdings
9 holdings · 7 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 9
-
100%
-
100%
-
100%
-
99.99%
-
50%
-
14%
-
13.15%
-
10.54%
-
10.29%
All subsidiaries, including indirect ones 7
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- ABATTOIR TRADING SUPPORT & SERVICES 100%
CAEDES 100%3 subsidiaries
- Abattoir Management & Operations 100%
- ADR 100%
- Slachthuis Velzeke 100%
- Roche4Abatt 100%
- CADFIN 99.99%
According to the 2025 annual accounts of CADUS 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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 5,306 EUR awarded · 5,306 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,874 EUR | 1,874 EUR |
| 2023 | 1 | 1,785 EUR | 1,785 EUR |
| 2022 | 1 | 1,647 EUR | 1,647 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
894500PAQTEX3ZQU8E46
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Identification & contact
Identification
Legal formPublic limited company
Founded08-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874968902
Also
9925:BE0874968902
Registered
10-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.