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Generated 15-08-2026
Active BE 1000.733.657Private limited company

KADAM MANAGEMENT

Rue de Campine 195 ·4000 Liège, Belgium· 2 yrs active
Sector: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of KADAM MANAGEMENT is 1.3% (low). The 2024 annual accounts show negative equity (€-1k) and a net result of €-3k. Its solvency ranks better than 5% of 975 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €-1k
Net result €-3k
Better than sector 5%
Active 2 yrs
Snowflake analysis 4 of 5 axes measured · computed by Checked
Health20Profitability100Solvency35Growth-Stability67
56 / 100

Mixed profile: strong on profitability, weaker on health.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 20
Profitability 100
Solvency 35
Growth -
Stability 67
Bankruptcy probability (12 mo) Checked model v1 · free
1.3% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Annual accounts: weaker financial profile +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
20 / 100 Critical
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · volledig
Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -70.0% 39.6%
better than 5% of 975 sector peers
Net result €-3k €32k
better than 21% of 975 sector peers
Equity €-1k €152k
better than 10% of 976 sector peers
Gross operating margin €-3k €59k
better than 12% of 816 sector peers
Total assets €2k €750k
better than 5% of 975 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositvolledig
Revenue-
EBITDA-
Net profit€-3k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€2k
Equity€-1k
Debt€4k
of which ≤ 1y€4k
of which > 1y-
Working capital€-1k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.59
Quick ratio0.59
Working capital ratio-70.0%
Solvency-70.0%
Debt / equity-2.43
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-163.2%
ROE233.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€2k
Current assets 29/58€2k
Amounts receivable within one year 40/41€2k
Cash & bank 54/58€31
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2k
Equity 10/15€-1k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€-3k
Amounts payable 17/49€4k
Amounts payable within one year 42/48€4k
Trade debts payable within one year 44€538
Income statement
Gross operating margin 9900€-3k
Operating result 9901€-3k
Financial income 75€0
Financial charges 65€70
Result before taxes 9903€-3k
Net result for the period 9904€-3k
Result to be appropriated 9905€-3k
Ratios computed by Checked.
Legal Structure
NACE primary Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form Private limited company(610)
Incorporation04-10-2023
StatusActive
Postal code4000
Establishment units 1 location
BLACKBEARD ADVISORY SRL
Rue de Campine 195, 4000 LiègeOverige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
since 20232.352.988.188
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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62818E0292/00D002 Wallonia 91 m² 1 · 59 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 3 events

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

2025
21-10-2025
State Gazette act Statutes amendment
v3.2
29-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2023
06-10-2023
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 9 months ago
2025
21-10-2025 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": true,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2025-10-16",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "1000.733.657",
    "name_full": "BLACKBEARD ADVISORY",
    "legal_form": "SRL"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2023
06-10-2023 Incorporation of a new SRL Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "Rue de Campine 195, 4000 Li\u00E8ge",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1997-02-25",
        "name": "ADAM Kris S\u00E9bastien Pascal",
        "niss": null,
        "address": "4000 Li\u00E8ge, rue de Campine, 195"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 2000,
      "holder_person_name": "ADAM Kris S\u00E9bastien Pascal",
      "is_subscriber_only": true,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 2000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 2000,
  "subject_company": {
    "kbo": "1000.733.657",
    "name_full": "BLACKBEARD ADVISORY",
    "legal_form": "SRL"
  },
  "initial_directors": [],
  "incorporation_date": "2023-10-03",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameFR KADAM MANAGEMENT
Registered office
Rue de Campine 195
4000 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative