Active BE 0859.634.487Private limited company (pre-2019)Open bankruptcy

KADA

· 22 yrs active

Sector: Retail trade (47241)

Conclusion Checked

A bankruptcy procedure is open for KADA according to publications in the Belgian State Gazette. The file additionally contains 1 pre-bankruptcy signal. The 2022 annual accounts show equity of €149k and a net result of €-22k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€149k
Net result	€-22k
Active	22 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

26 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 0

Solvency 96

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

55 / 100

High risk

Components

· 1 pre-bankruptcy signal (+5)

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 20-09-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

EBITDA

€634

-99.2% 20–22

Net profit

€-22k

— 20–22

Cash flow

€3k

-98.7% 20–22

Total assets

€287k

-35.7% 20–22

Equity

€149k

-18.3% 20–22

Working capital

€108k

+32.6% 20–22

Employees (FTE)

4

— 20–22

Staff costs

€2k

— 20–22

Income taxes

€635

-92.5% 20–22

Dividends

€10k

— 20–22

Debt

€138k

-47.7% 20–22

Debt ≤ 1y

€36k

-70.9% 20–22

Debt > 1y

€102k

-27.3% 20–22

Current ratio

4.00

+141.1% 20–22

Quick ratio

4.00

+159.6% 20–22

Solvency

51.9%

+27.1% 20–22

Debt / equity

0.93

+20.4% 20–22

ROE

-14.8%

— 20–22

ROA

-7.7%

— 20–22

Interest coverage

0.14

— 20–22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	—
EBITDA	€634
Net profit	€-22k
Cash flow	€3k
Staff costs	€2k
Income taxes	€635
Dividends	—
Total assets	€287k
Equity	€149k
Debt	€138k
of which ≤ 1y	€36k
of which > 1y	€102k
Working capital	€108k
Employees (FTE)	—

Ratios (computed)

	2022
Current ratio	4.00
Quick ratio	4.00
Working capital ratio	37.7%
Solvency	51.9%
Debt / equity	0.93
Long-term debt ratio	0.68
Interest coverage	0.14
Gross margin	—
Net margin	—
ROA	-7.7%
ROE	-14.8%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2022

Assets

Fixed assets €143k · 49.7% Current assets €145k · 50.3%

Equity & liabilities

Equity €149k · 51.9% Debt €138k · 48.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet — Assets
TOTAL ASSETS	20/58	€287k
Fixed assets	21/28	€143k
Tangible fixed assets	22/27	€143k
Current assets	29/58	€145k
Amounts receivable within one year	40/41	€34k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€287k
Equity	10/15	€149k
Contributions / capital	10/11	€19k
Reserves	13	€131k
Amounts payable	17/49	€138k
Amounts payable after one year	17	€102k
Amounts payable within one year	42/48	€36k
Trade debts payable within one year	44	€8k
Income statement
Gross operating margin	9900	€2k
Operating result	9901	€-24k
Financial income	75	€7k
Financial charges	65	€5k
Result before taxes	9903	€-21k
Income taxes	67/77	€635
Net result for the period	9904	€-22k
Result to be appropriated	9905	€-22k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	ILSE ROOX HASSALUTHDREEF 12B BUS 2, 3500 HASSELT ↔ Also on 116 other cases	19-12-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Retail trade(47241)
Legal form	Private limited company (pre-2019)(015)
Incorporation	14-07-2003
Status	Active
Postal code	—
First BS signal	27-12-2024
Latest BS signal	29-05-2026

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

KADA

Detailhandel in brood-, banketbakkerswerk en suikerwerk

since 20032.132.747.017

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71028B0250/00N000	Flanders	625 m²	1 · 248 m²	—

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 12 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

29-05-2026

Interim measure Provisional administrator

2024

27-12-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · KADA BV KOORSTRAAT 82, 3510 KERMT · event 19-12-2024

20-09-2024