CARDEY PROJECTS
ActiveThe computed 12-month bankruptcy probability of CARDEY PROJECTS is 2.3% (moderate). The 2025 annual accounts show equity of €18k and a net result of €4k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 69% of 27559 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+2
Solvency90▲+16
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.35 in 2024; short-term debt: 35.4% and cash: 1.3% of total assets), and 35.4% of the assets are financed with debt.
Credit advice for your own amount and term
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 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
64.6%
Return on assets
14.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 3 filingsDeviation from the deadline
2025
27 d late
2024
21 d late
2023
20 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€18k▲ 28.1%
2024 · €14k
2023: €11k
2024: €14k
2023 → 2025
Total assets
€28k▼ 3.4%
2024 · €29k
2023: €40k
2024: €29k
2023 → 2025
Net result
€4k▲ 15.5%
2024 · €3k
2023: €8k
2024: €3k
2023 → 2025
Working capital
€11k▲ 119%
2024 · €5k
2023: €2k
2024: €5k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€11k-€14k▲ 32.2%€18k▲ 28.1%
Operating result€10k-€5k▼ 53.4%€5k▲ 18.4%
Net result€8k-€3k▼ 58.1%€4k▲ 15.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€7k▼ 25.2%
Current assets
€21k▲ 6.3%
Equity and liabilities €28k
Equity
€18k▲ 28.1%
Debt
€10k▼ 33.2%
The debt ratio falls from 51.3% to 35.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8k▲
2024 · €7k
Cash flow
€6k▲
2024 · €6k
Solvency
64.6%▲
2024 · 48.7%
Current ratio
2.15▲
2024 · 1.35
Quick ratio
1.97▲
2024 · 1.25
Debt / equity
0.55▼
2024 · 1.05
ROE
21.9%▼
2024 · 24.3%
ROA
14.2%▲
2024 · 11.8%
Interest coverage
34.62▲
2024 · 12.60
Debt
€10k▼
2024 · €15k
Debt ≤ 1 year
€10k▼
2024 · €15k
Income taxes
€1k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€29k€28k▼
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€9k€7k▼
Furniture and vehicles24€9k€7k▼
Current assets29/58€20k€21k▲
Stocks and contracts in progress3€1k€2k▲
Stocks30/36€1k€2k▲
Amounts receivable within one year40/41€16k€19k▲
Trade receivables40€16k€17k▲
Other amounts receivable41€90€2k▲
Cash at bank and in hand54/58€2k€355▼
Equity and liabilities
Total equity and liabilities10/49€29k€28k▼
Equity10/15€14k€18k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€12k€16k▲
Amounts payable17/49€15k€10k▼
Amounts payable within one year42/48€15k€10k▼
Trade debts44€12k€7k▼
Suppliers440/4€12k€7k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€609€51▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€596€499▼
Gross operating margin9900€7k€8k▲
Operating profit (loss)9901€5k€5k▲
Financial income75/76B€480€236▼
Recurring financial income75€480€236▼
Financial charges65/66B€544€223▼
Recurring financial charges65€544€223▼
Profit (loss) for the period before taxes9903€5k€5k▲
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€16k▲
Profit (loss) brought forward from the previous period14P€8k€12k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet €3k ▼58.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Maaseik · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Losbeekweg 123680 MaaseikGround area
298 m²
Building footprint
112 m²
Volume, LiDAR
619 m³
Parcel 72024F0237/00_000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARDEY PROJECTS
since 20222.333.650.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024F0237/00_000 | Flanders | 298 m² | 1 · 112 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SEBY CONSTRUCT
BE 1003.412.144
Anderlecht · Eq €18k
Betonwerken Bosmans
BE 0766.285.548
Geel · Eq €18k
S.T.C.
BE 0425.672.028
Blégny · Eq €18k
ANG GLOBAL
BE 1008.589.865
Dilbeek · Eq €18k
CLAEYS & ZOON
BE 0664.688.540
Merelbeke-Melle · Eq €18k
Of 15,536 companies in sector 43990 we hold annual accounts for 7,421. 5,078 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2022
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.