KADA
Open bankruptcyA bankruptcy procedure is open for KADA according to publications in the Belgian State Gazette; curator: ILSE ROOX. The file additionally contains 1 interim measure. The 2023 annual accounts show equity of €111k and a net result of €-38k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, micro schema
Equity
€111k▼ 25.8%
2022 · €149k
2018: €159k
2019: €169k
2020: €182k
2021: €171k
2022: €149k
2018 → 2023
Total assets
€246k▼ 14.4%
2022 · €287k
2018: €485k
2019: €452k
2020: €447k
2021: €328k
2022: €287k
2018 → 2023
Net result
€-38k▼ 73.7%
2022 · €-22k
2018: €-1k
2019: €20k
2020: €23k
2021: €-11k
2022: €-22k
2018 → 2023
Working capital
€111k▲ 2.7%
2022 · €108k
2018: €58k
2019: €72k
2020: €82k
2021: €117k
2022: €108k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€169k-€182k▲ 7.8%€171k▼ 6.1%€149k▼ 12.9%€111k▼ 25.8%
Operating result€28k-€31k▲ 10.7%€-14k€-24k▼ 66.4%€-38k▼ 56.8%
Net result€20k-€23k▲ 13.8%€-11k€-22k▼ 98.0%€-38k▼ 73.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2023 against €24k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €246k
Fixed assets
€120k▼ 16.3%
Current assets
€126k▼ 12.6%
Equity and liabilities €246k
Equity
€111k▼ 25.8%
Debt
€135k▼ 2.1%
The debt ratio rises from 48.1% to 55.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-14k▼
2022 · €634
Cash flow
€-15k▼
2022 · €3k
Solvency
45.0%▼
2022 · 51.9%
Current ratio
8.45▲
2022 · 4.00
Quick ratio
8.45▲
2022 · 4.00
Debt / equity
1.22▲
2022 · 0.93
ROE
-34.7%▼
2022 · -14.8%
ROA
-15.6%▼
2022 · -7.7%
Interest coverage
-19.98▼
2022 · 0.14
Debt
€135k▼
2022 · €138k
Debt ≤ 1 year
€15k▼
2022 · €36k
Debt > 1 year
€102k=
2022 · €102k
Staff costs
€512▼
2022 · €2k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€287k€246k▼
Fixed assets21/28€143k€120k▼
Tangible fixed assets22/27€143k€120k▼
Land and buildings22€26k-
Plant, machinery and equipment23€20k€20k▼
Furniture and vehicles24€3k€16k▲
Other tangible fixed assets26€94k€83k▼
Current assets29/58€145k€126k▼
Amounts receivable after more than one year29€109k€109k=
Trade receivables290€109k€109k=
Amounts receivable within one year40/41€34k€12k▼
Trade receivables40€7k€4k▼
Other amounts receivable41€27k€7k▼
Cash at bank and in hand54/58-€4k
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€287k€246k▼
Equity10/15€149k€111k▼
Contributions10/11€19k€19k=
Reserves13€131k€92k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€110k€71k▼
Amounts payable17/49€138k€135k▼
Amounts payable after more than one year17€102k€102k=
Financial debts170/4€102k€102k=
Amounts payable within one year42/48€36k€15k▼
Current portion of amounts payable after more than one year42€11k€4k▼
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€15k€6k▼
Accrued charges and deferred income492/3-€18k
Income statement
Code20222023
Remuneration, social security and pensions62€2k€512▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€23k▼
Gross operating margin9900€2k€-14k▼
Operating profit (loss)9901€-24k€-38k▼
Financial income75/76B€7k-
Recurring financial income75€7k-
Financial charges65/66B€5k€725▼
Recurring financial charges65€5k€725▼
Profit (loss) for the period before taxes9903€-21k€-38k▼
Income taxes67/77€635-
Profit (loss) for the period9904€-22k€-38k▼
Profit (loss) for the period to be appropriated9905€-22k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€110k€71k▼
Profit (loss) brought forward from the previous period14P€132k€110k▼
Transfer to equity691/2€110k€71k▼
To other reserves6921€110k€71k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-05
Interim measure
Provisional administrator
2024
27-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · KADA BV KOORSTRAAT 82, 3510 KERMT · event 19-12-2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 143 days late
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 229 days late
30-09
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series.
30-09
Financial
Liquidity doublescurrent ratio 8.45
Current ratio from 4.00 to 8.45; short-term debt falls from €36k to €15k.
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity doublescurrent ratio 3.69
Current ratio from 1.66 to 3.69; short-term debt falls from €124k to €44k.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €23k ▲13.8%
Operating result €31k, net result €23k, both a record.
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
05-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial 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
1 establishment unit since 2003
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.
Ground area
625 m²
Building footprint
248 m²
Parcel 71028B0250/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
KADA
since 20032.132.747.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71028B0250/00N000 | Flanders | 625 m² | 1 · 248 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ILSE ROOX HASSALUTHDREEF 12B BUS 2,
3500 HASSELT |
19-12-2024 → present |
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Of 2,407 companies in sector 47241 we hold annual accounts for 1,100. 909 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-07-2003
Fiscal year end30-09
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.