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CARADRAN

Active
Private limited companyfounded 20205 yrs activeDrève de la Meute 18, 1410 Waterloo, BelgiumKBO/BCE: BE 0755.859.929
Summary

CARADRAN has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€16,433) and a net result of €39,284. Equity is shrinking by ~79.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+72
Solvency0▼-22
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.97 in 2024; short-term debt: 263.2% and cash: 71.8% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025
Solvency, return and age of the figures
Solvency
-163.2%
Return on assets
390.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9294 sector peers (2025).
NBB · sector comparison
Position among 9294 sector peers
Solvency
better than 5%
← weakest strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
14 d early
2024
21 d late
2023
29 d late
2022
60 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CARADRAN was incorporated on 8 October 2020 as a Private limited company.1 Total assets fell from EUR 15,536 in 2022 to EUR 10,071 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39,284
2024 · -€68,801
Working capital
-€16,433▲ 67.0%
2024 · -€49,775
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
Line2022202320242025
Operating result-€920--€2,158▼ 134%-€14,617▼ 577%€73,757
Net result-€1,020--€2,277▼ 123%-€68,801▼ 2,921%€39,284
Equity€15,361-€13,084▼ 14.8%-€55,717-€16,433▲ 70.5%
Total assets€15,536-€13,084▼ 15.8%€1.8m▲ 13,330%€10,071▼ 99.4%
Debt€175-€0▼ 100%€1.8m€26,504▼ 98.5%
Working capital€15,361-€13,084▼ 14.8%-€49,775-€16,433▲ 67.0%
Staff (FTE)000
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2022: -€920-€920Net result 2022: -€1,020-€1,020Operating result 2023: -€2,158-€2,158Net result 2023: -€2,277-€2,277Operating result 2024: -€14,617-€14,617Net result 2024: -€68,801-€68,801Operating result 2025: €73,757€73,757Net result 2025: €39,284€39,2842022202320242025-€100,000-€50,000€0€50,000Operating result 2023: -€2,158-€2,160Net result 2023: -€2,277-€2,280Operating result 2024: -€14,617-€14,600Net result 2024: -€68,801-€68,800Operating result 2025: €73,757€73,800Net result 2025: €39,284€39,300202320242025
The operating result returns to profit in 2025: €73,757 after a loss of €14,617 in 2024, the highest result in the available series.
Key figures and ratios
2025 value · change against 2024
Solvency
-163.2%▼
2024 · -3.2%
Current ratio
0.38▼
2024 · 0.97
Debt to equity
-1.61▲
2024 · -32.54
ROA
390.1%▲
2024 · -3.9%
Debt ≤ 1 year
€26,504▼
2024 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
4.3% went bankrupt
5.6% stopped otherwise
89% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,176 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.8m€10,071▼
Current assets29/58€1.8m€10,071▼
Stocks and contracts in progress3€1.5m€0▼
Stocks30/36€1.5m€0▼
Amounts receivable within one year40/41€212,949€2,844▼
Trade receivables40-€2,496
Other amounts receivable41€212,949€348▼
Cash at bank and in hand54/58€176€7,228▲
Equity and liabilities
Total equity and liabilities10/49€1.8m€10,071▼
Equity10/15-€55,717-€16,433▲
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€74,317-€35,033▲
Amounts payable17/49€1.8m€26,504▼
Amounts payable within one year42/48€1.8m€26,504▼
Current portion of amounts payable after more than one year42€1.7m€0▼
Trade debts44€12,721€0▼
Suppliers440/4€12,721€0▼
Other amounts payable47/48€118,200€26,504▼
Accrued charges and deferred income492/3€5,941€0▼
Income statement Code20242025
Other operating charges640/8€1,711€986▼
Non-recurring operating charges66A€0-
Gross operating margin9900-€12,905€74,743▲
Operating profit (loss)9901-€14,617€73,757▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€54,184€34,473▼
Recurring financial charges65€54,184€34,473▼
Profit (loss) for the period before taxes9903-€68,801€39,284▲
Profit (loss) for the period9904-€68,801€39,284▲
Profit (loss) for the period to be appropriated9905-€68,801€39,284▲
Appropriation of the result
Profit (loss) to be appropriated9906-€74,317-€35,033▲
Profit (loss) brought forward from the previous period14P-€5,516-€74,317▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Other operating charges640/8-€434€1,711€986▼ 42.4%
Non-recurring operating charges66A-€50€0--
Gross operating margin9900-€920-€1,673-€12,905€74,743▲ 679%
Operating profit (loss)9901-€920-€2,158-€14,617€73,757▲ 605%
Financial income75/76B---€1-
Recurring financial income75---€1-
Financial charges65/66B€100€119€54,184€34,473▼ 36.4%
Recurring financial charges65€100€119€54,184€34,473▼ 36.4%
Profit (loss) for the period before taxes9903-€1,020-€2,277-€68,801€39,284▲ 157%
Profit (loss) for the period9904-€1,020-€2,277-€68,801€39,284▲ 157%
Profit (loss) for the period to be appropriated9905-€1,020-€2,277-€68,801€39,284▲ 157%
Line2022202320242025Change
Assets
Total assets20/58€15,536€13,084€1.8m€10,071▼ 99.4%
Current assets29/58€15,536€13,084€1.8m€10,071▼ 99.4%
Stocks and contracts in progress3--€1.5m€0▼ 100%
Stocks30/36--€1.5m€0▼ 100%
Amounts receivable within one year40/41--€212,949€2,844▼ 98.7%
Trade receivables40---€2,496-
Other amounts receivable41--€212,949€348▼ 99.8%
Cash at bank and in hand54/58€15,536€13,084€176€7,228▲ 4,013%
Equity and liabilities
Total equity and liabilities10/49€15,536€13,084€1.8m€10,071▼ 99.4%
Equity10/15€15,361€13,084-€55,717-€16,433▲ 70.5%
Contributions10/11€18,600€18,600€18,600€18,600=
Capital10€18,600----
Issued capital100€18,600----
Profit (loss) carried forward14-€3,239-€5,516-€74,317-€35,033▲ 52.9%
Amounts payable17/49€175€0€1.8m€26,504▼ 98.5%
Amounts payable within one year42/48€175€0€1.8m€26,504▼ 98.5%
Current portion of amounts payable after more than one year42--€1.7m€0▼ 100%
Trade debts44€175€0€12,721€0▼ 100%
Suppliers440/4€175€0€12,721€0▼ 100%
Other amounts payable47/48--€118,200€26,504▼ 77.6%
Accrued charges and deferred income492/3--€5,941€0▼ 100%
Line2022202320242025Change
Profit (loss) for the period9904-€1,020-€2,277-€68,801€39,284▲ 157%
Operating cash flow (approximation)-€1,020-€2,277-€68,801€39,284▲ 157%
Change in cash--€2,452-€12,908€7,052▲ 155%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Back to profitnet €39,284
Net result €39,284 after 3 loss-making years.
21-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
31-12
Financial Weakest financial yearnet -€68,801
Net result drops to -€68,801, the lowest in the series; recovery starts the following year.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
29-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Waterloo · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
9,890 m²
Building footprint
507 m²
Volume, LiDAR
3,762 m³
Parcel 25763I0326/00C000, Wallonia · tallest building 21.1 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
CARADRAN
Drève de la Meute 18, 1410 WaterlooReal estate development
since 20202.308.806.272
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25763I0326/00C000 Wallonia 9,890 m² 1 · 507 m² 21.1 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. CEDACTA 100%
  2. CARADRAN

Highest known parent: CEDACTA. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,456 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
Founded08-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0755859929
Also 9925:BE0755859929
Registered 15-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.