Summary
CAEDES is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.3m and a net result of €5,148. Its solvency ranks better than 32% of 6,692 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-06-2023 Normal situation
- Activity
- Activities of holding companies NACE 64210and 3 others
- Establishment unit
- 2.347.691.790 9620 Zottegem, since 13-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 10-09-2025
Board and ownership
Board
- CADUSDirector · permanent representative CASTELEIN Johan
- Auditor
- Auditas Bedrijfsrevisoren
Shareholders
- CADUS100%2025 annual accounts of CADUS
- EURO MEAT GROUP· score 64act of 15-09-2026
- Holdings
- Shares in 5 companies including Abattoir Management & Operations and ADR
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €5,148
- ▼ 72.6%
- Equity
- €1.3m
- ▲ 0.4%
- Total assets
- €4.2m
- ▲ 21.6%
- 2025 accounts filed 31 days after the deadline
Signalsraises risk2025 accounts filed 31 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
31 days late
2024
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 15 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00471670.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 2 filings
Equity
€1.3m▲ 0.4%
2024 · €1.3m
Net result
€5,148▼ 72.6%
2024 · €18,772
Total assets
€4.2m▲ 21.6%
2024 · €3.4m
Solvency
31.0%▼ 6.6pp
2024 · 37.6%
In the rankings
#6 company by total assets in Zottegem, Finance and insurance sector#7 company by equity in Zottegem, Finance and insurance sector
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
-€78,781
2025
20242025
Net result
€5,148
▼ 72.6%
2025
lowest quarter of the sector
20242025
Equity
€1.3m
▲ 0.4%
2025
middle half of the sector
20242025
Total assets
€4.2m
▲ 21.6%
2025
highest quarter of the sector
20242025
Debt
€2.9m
▲ 34.4%
2025
20242025
Working capital
-€397,898
▲ 71.2%
2025
lowest quarter of the sector
20242025
Solvency
31.0%
▼ 6.6pp
2025
middle half of the sector
20242025
Current ratio
0.70
▲ 0.41
2025
middle half of the sector
20242025
Return on assets (ROA)
0.1%
▼ 0.4pp
2025
lowest quarter of the sector
20242025
Staff (FTE)
0
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€0.003m--€0.08m
Net result€0.02mwithin the sector's middle half-€0.005mbelow the sector's middle half▼ 72.6%
Equity€1.3mwithin the sector's middle half-€1.3mwithin the sector's middle half▲ 0.4%
Total assets€3.4mwithin the sector's middle half-€4.2mabove the sector's middle half▲ 21.6%
Debt€2.1m-€2.9m▲ 34.4%
Working capital-€1.4mbelow the sector's middle half--€0.4mbelow the sector's middle half▲ 71.2%
Solvency37.6%within the sector's middle half-31.0%within the sector's middle half▼ 6.6pp
Current ratio0.28below the sector's middle half-0.70within the sector's middle half▲ 0.41
Return on assets (ROA)0.6%within the sector's middle half-0.1%below the sector's middle half▼ 0.4pp
Staff (FTE)0within the sector's middle half-0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €78,781, after a profit of €2,634 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€3.2m ▲ 13.1%
Current assets
€907,020 ▲ 66.4%
Equity and liabilities €4.2m
Equity
€1.3m ▲ 0.4%
Debt
€2.9m ▲ 34.4%
Debt's share of the balance-sheet total rises from 62.4% to 69.0%. Equity and debt are higher.
Key figures and ratios
ROE
0.4%▼
2024 · 1.5%
Debt ≤ 1 year
€1.3m▼
2024 · €1.9m
Debt > 1 year
€1.6m▲
2024 · €200,000
Income taxes
€2,069▼
2024 · €7,102
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | - | €1,055 |
| Financial fixed assets | €3.4m | - |
| Depreciation and write-downs of the year | - | €194 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €5,279 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €194 | - |
| Other operating charges640/8 | €982 | €654 | ▼ 33.4% |
| Gross operating margin9900 | €3,616 | -€77,934 | - |
| Operating profit (loss)9901 | €2,634 | -€78,781 | - |
| Financial income75/76B | €27,083 | €155,551 | ▲ 474% |
| Recurring financial income75 | €27,083 | €155,551 | ▲ 474% |
| Financial charges65/66B | €3,844 | €69,553 | ▲ 18× |
| Recurring financial charges65 | €3,844 | €69,553 | ▲ 18× |
| Profit (loss) for the period before taxes9903 | €25,874 | €7,217 | ▼ 72.1% |
| Income taxes67/77 | €7,102 | €2,069 | ▼ 70.9% |
| Profit (loss) for the period9904 | €18,772 | €5,148 | ▼ 72.6% |
| Profit (loss) for the period to be appropriated9905 | €18,772 | €5,148 | ▼ 72.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3.4m | €4.2m | ▲ 21.6% |
| Fixed assets21/28 | €2.9m | €3.2m | ▲ 13.1% |
| Tangible fixed assets22/27 | - | €0.001m | - |
| Furniture and vehicles24 | - | €0.001m | - |
| Financial fixed assets28 | €2.9m | €3.2m | ▲ 13.1% |
| Current assets29/58 | €0.5m | €0.9m | ▲ 66.4% |
| Amounts receivable after more than one year29 | €0.5m | €0.5m | = |
| Other amounts receivable291 | €0.5m | €0.5m | = |
| Amounts receivable within one year40/41 | €0.04m | €0.4m | ▲ 816% |
| Trade receivables40 | €0.04m | €0.1m | ▲ 292% |
| Other amounts receivable41 | €0.007m | €0.3m | ▲ 36× |
| Cash at bank and in hand54/58 | €0.001m | €0.001m | ▼ 47.5% |
| Deferred charges and accrued income490/1 | €217 | €0.005m | ▲ 25× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3.4m | €4.2m | ▲ 21.6% |
| Equity10/15 | €1.3m | €1.3m | ▲ 0.4% |
| Contributions10/11 | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | €0.02m | €0.02m | ▲ 27.4% |
| Amounts payable17/49 | €2.1m | €2.9m | ▲ 34.4% |
| Amounts payable after more than one year17 | €0.2m | €1.6m | ▲ 675% |
| Financial debts170/4 | €0.2m | €1.6m | ▲ 675% |
| Amounts payable within one year42/48 | €1.9m | €1.3m | ▼ 32.3% |
| Trade debts44 | €0.03m | €0.2m | ▲ 551% |
| Suppliers440/4 | €0.03m | €0.2m | ▲ 551% |
| Taxes, remuneration and social security45 | €0.007m | €0.01m | ▲ 40.3% |
| Taxes450/3 | €0.007m | €0.01m | ▲ 40.3% |
| Other amounts payable47/48 | €1.9m | €1.1m | ▼ 40.8% |
| Accrued charges and deferred income492/3 | €0.003m | €0.007m | ▲ 134% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €18,772 | €5,148 | ▼ 72.6% |
| + Depreciation and write-downs630 | - | €194 | - |
| Operating cash flow (approximation) | €18,772 | €5,342 | ▼ 71.5% |
| Investment in fixed assets (approximation) | - | -€376,055 | - |
| Change in cash | - | -€454 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, no change since 2023
Board 1
CADUS
Current
Director (not named in the articles) · appointed in the act of 15-06-2023 · term without a fixed end · Public limited company · permanent representative: CASTELEIN Johan · also on the board of 1 other company · 1 other company judicially dissolved · listed in the 2025 annual accounts, filed on 31-08-2026
Permanent representatives 1
CASTELEIN Johan
Current
Permanent representative · appointed in the act of 15-06-2023 · for CADUS
Statutory auditor 1
Auditas Bedrijfsrevisoren
Current
Company auditor · appointed in the act of 25-07-2023
Owners and capital
Shareholders
2 ownersChain of control
- CADUS
- CAEDES
Owners 2
- CADUSparentSourceaccounts CADUS 2025Equity €4.5m Loss of €161,370 in 2025 (loss of €183,981 in 2024)100%
- Sourceact 15-09-2026Equity €1.6m Loss of €208,161 in 2025 (profit of €126,571 in 2024) Checked score 64share not stated
Capital transactions
Shareholders according to the deeds
Stated in the act
act of 15-09-2026 ↗
- EURO MEAT GROUP (BE 0832.292.464) 18,366 shares
Contribution
act of 25-07-2023 ↗
- CADUS
At incorporation
act of 15-06-2023 ↗
- CADUS (BE 0874.968.902) €5,000
Capital over time
- 15-06-2023 Incorporation · €5,000
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off
1 other company of this director was judicially dissolved (2026).
- Abattoir Management & Operations judicial dissolution on 03-03-2026Official Gazettemandate until 2024
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Mandate history
2 people, 2 in office
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| CADUS |
|
| Auditas Bedrijfsrevisoren |
|
Network & group
Holdings and subsidiaries
5 holdingsHoldings 5
Source for every holding own accounts 2025
- Abattoir Management & OperationssubsidiaryEquity €16,287 Loss of €22,260 in 2025 (profit of €21,446 in 2024) Checked score 50100%
- ADRsubsidiaryAlsoact 10-03-2025Equity €46,925 Loss of €5,130 in 2025 (profit of €45,369 in 2024) Checked score 47100%
- Slachthuis VelzekesubsidiaryEquity €513,022 Loss of €986,978 in 2025 Checked score 34100%
- Equity -€408,797 Loss of €315,597 in 2025 (loss of €551,508 in 2024) Checked score 3150%
- Equity €1.6m Loss of €208,161 in 2025 (profit of €126,571 in 2024) Checked score 6418.24%
Board mandates elsewhere
4 board mandatesBoard mandates of CAEDESCAEDES sits on their board4
4 locations
2 locations
1 location
1 location
Companies at the same address
8 other companies- Q- FOOD Establishment · since 2025 0431890124
- Abattoir Management & Operations Establishment · since 2024 0457059248
- Slachthuis Velzeke Registered office · since 2024 1018071121
- UNOVA Registered office · since 2019 0730762762
- DWC & PARTNERS Registered office · since 2013 0534803065
- VION FARMING BELGIE Registered office · since 1999 0428817697
- ABATTOIR TRADING SUPPORT & SERVICES Registered office · since 1989 0433738666
- Vion Adriaens Registered office · since 1960 0400191019
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
FEBEV-FEDERATION BELGE DE LA VIANDE
Shared director
→
CADFIN
Shared corporate director
→
F4P Invest
Shared corporate director
→
Roche4Abatt
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
15-09
Gazette deed
Appointment: AUDITAS BEDRIJFSREVISOREN (company auditor)Auditor report · Share issue · Amendment of the articles14 points ▸
Gazette deed
Appointment: AUDITAS BEDRIJFSREVISOREN (company auditor)
Auditor report · Share issue · Amendment of the articles14 points ▸
- General meeting, 07-09-2026
- Other provision, 21-08-2026
- Auditor appointment, AUDITAS BEDRIJFSREVISOREN (company auditor)
- Auditor report, 28-08-2026
- Share issue, 18366, “same as existing shares” (deed in Dutch)
- Other provision, “legal information, aandeelhouder worden voorwaarden; aandelen bij uitgifte volgestort tenzij statuten anders bepalen” (deed in Dutch)
- Other provision, pre-emptive rights, “inbreng in natura” (deed in Dutch)
- Amendment of the articles, 5, mentioned 2 times in the deed
- Share issue, “nieuwe aandelen”, 18366 (deed in Dutch)
- Other provision, “transfer restrictions reference, 12 statuten” (deed in Dutch)
- EURO MEAT GROUP holds 18,366 shares
- Other provision, “transfer restrictions, medeaandeelhouders voorafgaandelijk ingestemd” (deed in Dutch)
- The act holds 2 more points.
31-08
abbreviated format · 31 days late
2025
30-07
abbreviated format · 1 day before the deadline
10-04
Gazette deed
Registered office moved from Sint-Martens-Latem to Zottegem2 points ▸
Gazette deed
Registered office moved from Sint-Martens-Latem to Zottegem
2 points ▸
- Board meeting, 21-03-2025
- Registered-office move, Slachthuisstraat 1,9620 Zottegem
2023
25-07
Gazette deed
Appointment: AUDITAS BEDRIJFSREVISOREN (company auditor)Auditor report · Approval · Share issue12 points ▸
Gazette deed
Appointment: AUDITAS BEDRIJFSREVISOREN (company auditor)
Auditor report · Approval · Share issue12 points ▸
- General meeting, 20-07-2023
- Other provision, 18-07-2023
- Auditor appointment, AUDITAS BEDRIJFSREVISOREN (company auditor)
- Auditor report, 19-07-2023
- Approval, “vergadering, enige aandeelhouder ontving afschrift en nam kennis” (deed in Dutch)
- Share issue, “zelfde rechten en voordelen als bestaande aandelen, heden” (deed in Dutch)
- Other provision, “notariële wijzing aandeelhoudersvoorwaarden en volstorting, voorwaarden om aandeelhouder te worden volgens wet en statuten” (deed in Dutch)
- Other provision, “toekomstige aanpassing artikel 5 en toewijzing nieuwe aandelen, hier_sparse;vermelde inbreng in natura conform revisoraal verslag” (deed in Dutch)
- Capital contribution, mentioned 3 times in the deed
- Declaration, “vrije overdraagbaarheid ingebrachte aandelen” (deed in Dutch)
- Amendment of the articles, 5
- Power of attorney
15-06
Gazette deed
IncorporationStarting capital €5,000 · Appointment: CADUS (director) · Permanent representative: CASTELEIN Johan · Founder5 points ▸
Gazette deed
Incorporation
Starting capital €5,000 · Appointment: CADUS (director) · Permanent representative: CASTELEIN Johan · Founder5 points ▸
- Incorporation, 12-06-2023
- Founder, CADUS
- Founding capital, €5,000
- Director appointment, CADUS (director (not named in the articles))
- Permanent representative, CASTELEIN Johan
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CAEDES in Dutch
Enterprise number
0802.701.427
Legal form
Private limited company
Status
Active, normale toestand
Founded
13-06-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 15-06-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, 9830 Sint-Martens-Latem,Kortrijksesteenweg 90f”
deed of 15-06-2023 (in Dutch)Registered office and establishments
Registered office
Slachthuisstraat 1, 9620 Zottegem, Belgium
1 former office
- Kortrijksesteenweg 90f, 9830 Sint-Martens-Latem until 21-03-2025 · act of 10-04-2025
Establishment unit
CAEDES, Slachthuisstraat 1, 9620 Zottegem since 13-06-2023 · unit number 2.347.691.790
Activities
NACEBEL 202564210
Activities of holding companies main activity
68110
Buying and selling of own real estate
70200
Business and other management consultancy
82990
Other business support services
Codes under NACEBEL 2008
64200
Holdings main activity
68100
Real estate activities
70220
Business consulting
82990
Other business support services
Invoicing and payment
VAT number
BE 0802.701.427
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Thursday of May at 16:00
deed of 15-06-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
3.4 ha
Building footprint
1.3 ha
Building volume
121,585 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41069B1178/00G000 | Flanders | 3.4 ha | 1 · 1.3 ha | 17.3 m · 3 |