KADAM ENGINEERING
ActiveSummary
KADAM ENGINEERING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €152,387 and a net result of €8,211. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-25
Solvency100▲+32
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 12.94 against 1.7 in 2023; short-term debt: 7.1% and cash: 84.4% of total assets), and 7.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-05-2025, 76 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
76 d early
2023
44 d early
2022
11 d early
2021
17 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€150,714▼ 19.9%
2018 · €188,126
EBIT margin
20.1%▼ 18.4pp
2018 · 38.5%
Net result
€8,211▼ 93.0%
2023 · €117,045
Working capital
€139,968▲ 0.6%
2023 · €139,128
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€30,788▲ 1.7%€82,108▲ 167%€76,545▼ 6.8%€152,556▲ 99.3%€12,957▼ 91.5%
Net result€21,475within the sector's middle half▼ 6.5%€58,039above the sector's middle half▲ 170%€54,273above the sector's middle half▼ 6.5%€117,045above the sector's middle half▲ 116%€8,211within the sector's middle half▼ 93.0%
EBIT margin
Equity€127,748within the sector's middle half▲ 20.2%€198,187above the sector's middle half▲ 55.1%€152,387within the sector's middle half▼ 23.1%€152,387within the sector's middle half=€152,387within the sector's middle half=
Total assets€144,802within the sector's middle half▲ 25.9%€238,402within the sector's middle half▲ 64.6%€339,897above the sector's middle half▲ 42.6%€351,567above the sector's middle half▲ 3.4%€164,114within the sector's middle half▼ 53.3%
Debt€17,054▲ 96.0%€40,215▲ 136%€187,510▲ 366%€199,180▲ 6.2%€11,727▼ 94.1%
Working capital€123,938▲ 18.6%€177,622▲ 43.3%€135,942▼ 23.5%€139,128▲ 2.3%€139,968▲ 0.6%
Solvency88.2%above the sector's middle half▼ 4.2pp83.1%above the sector's middle half▼ 5.1pp44.8%within the sector's middle half▼ 38.3pp43.3%within the sector's middle half▼ 1.5pp92.9%above the sector's middle half▲ 49.5pp
Staff (FTE)0.2below the sector's middle half▲ 100%0.6▲ 200%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 92% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164,114
Fixed assets
€12,419 ▼ 6.3%
Current assets
€151,695 ▼ 55.2%
Equity and liabilities €164,114
Equity
€152,387 =
Debt
€11,727 ▼ 94.1%
Debt's share of the balance-sheet total falls from 56.7% to 7.1%. Debt is lower.
Key figures and ratios
EBITDA
€17,681▼
2023 · €156,830
Cash flow
€12,935▼
2023 · €121,319
Current ratio
12.94▲
2023 · 1.70
Debt to equity
0.08▼
2023 · 1.31
ROE
5.4%▼
2023 · 76.8%
ROA
5.0%▼
2023 · 33.3%
Interest coverage
41.33▼
2023 · 961.62
Debt ≤ 1 year
€11,727▼
2023 · €199,180
Income taxes
€4,340▼
2023 · €35,350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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%.
| 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 26,964 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €8,248 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,536 | €1,539 | €4,189 | €4,274 | €4,723 | ▲ 10.5% |
| Other operating charges640/8 | - | €793 | €1,270 | €915 | €962 | ▲ 5.0% |
| Non-recurring operating charges66A | - | - | €509 | €920 | - | - |
| Gross operating margin9900 | €41,106 | €92,688 | €82,513 | €158,666 | €18,642 | ▼ 88.3% |
| Operating profit (loss)9901 | €30,788 | €82,108 | €76,545 | €152,556 | €12,957 | ▼ 91.5% |
| Financial income75/76B | - | €1 | €599 | €1 | €22 | ▲ 2,136% |
| Recurring financial income75 | €329 | €1 | €599 | €1 | €22 | ▲ 2,136% |
| Financial charges65/66B | - | €214 | €281 | €163 | €428 | ▲ 162% |
| Recurring financial charges65 | €393 | €214 | €281 | €163 | €428 | ▲ 162% |
| Profit (loss) for the period before taxes9903 | €30,724 | €81,895 | €76,863 | €152,394 | €12,552 | ▼ 91.8% |
| Income taxes67/77 | €9,249 | €23,856 | €22,590 | €35,350 | €4,340 | ▼ 87.7% |
| Profit (loss) for the period9904 | €21,475 | €58,039 | €54,273 | €117,045 | €8,211 | ▼ 93.0% |
| Profit (loss) for the period to be appropriated9905 | €21,475 | €58,039 | €54,273 | €117,045 | €8,211 | ▼ 93.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,802 | €238,402 | €339,897 | €351,567 | €164,114 | ▼ 53.3% |
| Fixed assets21/28 | €3,811 | €20,565 | €16,445 | €13,259 | €12,419 | ▼ 6.3% |
| Tangible fixed assets22/27 | €3,811 | €20,565 | €16,445 | €13,259 | €12,419 | ▼ 6.3% |
| Furniture and vehicles24 | - | €20,565 | €16,445 | €13,259 | €12,419 | ▼ 6.3% |
| Current assets29/58 | €140,991 | €217,837 | €323,452 | €338,307 | €151,695 | ▼ 55.2% |
| Amounts receivable within one year40/41 | €41,954 | €48,692 | €30,634 | €24,072 | €13,227 | ▼ 45.1% |
| Trade receivables40 | - | €48,692 | €30,634 | €24,072 | €12,489 | ▼ 48.1% |
| Other amounts receivable41 | - | - | - | - | €738 | - |
| Cash at bank and in hand54/58 | €99,037 | €169,145 | €292,818 | €314,235 | €138,468 | ▼ 55.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,802 | €238,402 | €339,897 | €351,567 | €164,114 | ▼ 53.3% |
| Equity10/15 | €127,748 | €198,187 | €152,387 | €152,387 | €152,387 | = |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,475 | €79,514 | €133,787 | €133,787 | €133,787 | = |
| Distributable reserves133 | - | €79,514 | €133,787 | €133,787 | €133,787 | = |
| Profit (loss) carried forward14 | €100,073 | €100,073 | - | - | - | - |
| Amounts payable17/49 | €17,054 | €40,215 | €187,510 | €199,180 | €11,727 | ▼ 94.1% |
| Amounts payable within one year42/48 | €17,054 | €40,215 | €187,510 | €199,180 | €11,727 | ▼ 94.1% |
| Trade debts44 | €676 | €633 | €2,820 | €1,858 | €204 | ▼ 89.0% |
| Suppliers440/4 | - | €633 | €2,820 | €1,858 | €204 | ▼ 89.0% |
| Taxes, remuneration and social security45 | - | €23,022 | €41,591 | €39,477 | €3,311 | ▼ 91.6% |
| Taxes450/3 | - | €21,303 | €41,591 | €39,477 | €3,311 | ▼ 91.6% |
| Remuneration and social security454/9 | - | €1,719 | - | - | - | - |
| Other amounts payable47/48 | - | €16,560 | €143,099 | €157,845 | €8,211 | ▼ 94.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,475 | €58,039 | €54,273 | €117,045 | €8,211 | ▼ 93.0% |
| + Depreciation and write-downs630 | €1,536 | €1,539 | €4,189 | €4,274 | €4,723 | ▲ 10.5% |
| Operating cash flow (approximation) | €23,012 | €59,578 | €58,462 | €121,319 | €12,935 | ▼ 89.3% |
| Investment in fixed assets (approximation) | - | -€18,294 | -€69 | -€1,088 | -€3,883 | ▼ 257% |
| Change in cash | - | €70,108 | €123,673 | €21,417 | -€175,767 | ▼ 921% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €8,211 ▼93%
Net result drops to €8,211, the lowest in the series.
31-12
Financial
Liquidity times 8current ratio 12.94
Current ratio from 1.70 to 12.94; short-term debt falls from €199,180 to €11,727.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €117,045 ▲116%
Operating result €152,556, net result €117,045, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €198,187 ▲55.1%
4 profitable years in a row build equity to €198,187.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 5current ratio 13.01
Current ratio from 2.48 to 13.01; short-term debt falls from €54,638 to €8,700.
31-12
Financial
Equity above €100,000Eq €106,273 ▲27.6%
2 profitable years in a row build equity to €106,273.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Pieters-Woluwe · 1 establishment unit since 2017
Ground area
188 m²
Building footprint
85 m²
Volume, LiDAR
880 m³
Parcel 21019A0125/00X008, Brussels · tallest building 15.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KADAM ENGINEERING
since 20172.265.077.286
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0125/00X008 | Brussels | 188 m² | 1 · 85 m² | 15.1 m · 3 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,223 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
Founded09-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676670515
Also
9925:BE0676670515
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.