Kadanza
ActiveSummary
Kadanza has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €439k and a net result of €-105k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability30▼-33
Solvency48▲+29
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.52 in 2023; short-term debt: 24% and cash: 6.4% of total assets), and 76.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.1%
Return on assets
-5.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 19%
← weakest
strongest →
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 10-06-2025, 51 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
9 d early
2022
30 d late
2021
34 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€439k
2023 · €-104k
2021: €8k
2022: €-32k▼ -508% vs 2021
2023: €-104k▼ -221% vs 2022lowest in 4 years
2024: €439k▲ +523% vs 2023highest in 4 years
2021 → 2024
Total assets
€1.90M▲ 15.5%
2023 · €1.64M
2021: €701klowest in 4 years
2022: €1.24M▲ +76.3% vs 2021
2023: €1.64M▲ +33.0% vs 2022
2024: €1.90M▲ +15.5% vs 2023highest in 4 years
2021 → 2024
Net result
€-105k▼ 47.5%
2023 · €-71k
2021: €-37khighest in 4 years
2022: €-40k▼ -8.5% vs 2021
2023: €-71k▼ -77.6% vs 2022
2024: €-105k▼ -47.5% vs 2023lowest in 4 years
2021 → 2024
Working capital
€75k
2023 · €-313k
2021: €-46k
2022: €-231k▼ -400% vs 2021
2023: €-313k▼ -35.4% vs 2022lowest in 4 years
2024: €75k▲ +124% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€8k-€-32k€-104k▼ 221%€439k
2021: €8k
2022: €-32k▼ -508% vs 2021
2023: €-104k▼ -221% vs 2022lowest in 4 years
2024: €439k▲ +523% vs 2023highest in 4 years
Operating result€-33k-€-33k▼ 1.3%€-44k▼ 32.2%€-60k▼ 36.1%
2021: €-33khighest in 4 years
2022: €-33k▼ -1.3% vs 2021
2023: €-44k▼ -32.2% vs 2022
2024: €-60k▼ -36.1% vs 2023lowest in 4 years
Net result€-37k-€-40k▼ 8.5%€-71k▼ 77.6%€-105k▼ 47.5%
2021: €-37khighest in 4 years
2022: €-40k▼ -8.5% vs 2021
2023: €-71k▼ -77.6% vs 2022
2024: €-105k▼ -47.5% vs 2023lowest in 4 years
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 €60k in 2024 against €44k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.90M
Fixed assets
€1.37M ▲ 4.8%
Current assets
€530k ▲ 57.6%
Equity and liabilities €1.90M
Equity
€439k
Debt
€1.46M
Debt finances 76.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€98k▼
2023 · €173k
Cash flow
€52k▼
2023 · €146k
Current ratio
1.16▲
2023 · 0.52
Debt to equity
3.33▲
2023 · -16.83
ROE
-24.0%
ROA
-5.6%▼
2023 · -4.3%
Interest coverage
2.13▼
2023 · 6.32
Debt ≤ 1 year
€455k▼
2023 · €649k
Debt > 1 year
€478k▼
2023 · €613k
Staff costs
€110k▼
2023 · €161k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.64M€1.90M▲
Formation expenses20€3k€1k▼
Fixed assets21/28€1.30M€1.37M▲
Intangible fixed assets21€1.30M€1.36M▲
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€336k€530k▲
Amounts receivable within one year40/41€300k€386k▲
Trade receivables40€291k€379k▲
Other amounts receivable41€9k€7k▼
Cash at bank and in hand54/58€9k€121k▲
Deferred charges and accrued income490/1€27k€23k▼
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.90M▲
Equity10/15€-104k€439k▲
Contributions10/11€45k€693k▲
Profit (loss) carried forward14€-149k€-254k▼
Amounts payable17/49€1.75M€1.46M▼
Amounts payable after more than one year17€613k€478k▼
Financial debts170/4€613k€478k▼
Amounts payable within one year42/48€649k€455k▼
Current portion of amounts payable after more than one year42€63k€152k▲
Financial debts43€171k€0▼
Credit institutions430/8€171k€0▼
Trade debts44€389k€277k▼
Suppliers440/4€389k€277k▼
Taxes, remuneration and social security45€26k€26k▼
Taxes450/3€8k€16k▲
Remuneration and social security454/9€18k€10k▼
Accrued charges and deferred income492/3€484k€526k▲
Income statement
Code20232024
Remuneration, social security and pensions62€161k€110k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€217k€158k▼
Other operating charges640/8€768€1k▲
Gross operating margin9900€335k€209k▼
Operating profit (loss)9901€-44k€-60k▼
Financial income75/76B€0€435▲
Recurring financial income75€0€435▲
Financial charges65/66B€27k€46k▲
Recurring financial charges65€27k€46k▲
Profit (loss) for the period before taxes9903€-71k€-105k▼
Profit (loss) for the period9904€-71k€-105k▼
Profit (loss) for the period to be appropriated9905€-71k€-105k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-149k€-254k▼
Profit (loss) brought forward from the previous period14P€-77k€-149k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €136k | €117k | €161k | €110k | ▼ 31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €88k | €217k | €158k | ▼ 27.4% |
| Other operating charges640/8 | €1k | €650 | €768 | €1k | ▲ 82.9% |
| Gross operating margin9900 | €106k | €172k | €335k | €209k | ▼ 37.5% |
| Operating profit (loss)9901 | €-33k | €-33k | €-44k | €-60k | ▼ 36.1% |
| Financial income75/76B | €4k | €9k | €0 | €435 | ▲ 181,238% |
| Recurring financial income75 | €4k | €9k | €0 | €435 | ▲ 181,238% |
| Financial charges65/66B | €8k | €16k | €27k | €46k | ▲ 67.2% |
| Recurring financial charges65 | €8k | €16k | €27k | €46k | ▲ 67.2% |
| Profit (loss) for the period before taxes9903 | €-37k | €-40k | €-71k | €-105k | ▼ 47.5% |
| Profit (loss) for the period9904 | €-37k | €-40k | €-71k | €-105k | ▼ 47.5% |
| Profit (loss) for the period to be appropriated9905 | €-37k | €-40k | €-71k | €-105k | ▼ 47.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €701k | €1.24M | €1.64M | €1.90M | ▲ 15.5% |
| Formation expenses20 | €6k | €5k | €3k | €1k | ▼ 53.5% |
| Fixed assets21/28 | €428k | €1.01M | €1.30M | €1.37M | ▲ 4.8% |
| Intangible fixed assets21 | €428k | €1.00M | €1.30M | €1.36M | ▲ 5.0% |
| Tangible fixed assets22/27 | - | €3k | €4k | €2k | ▼ 41.7% |
| Furniture and vehicles24 | - | €3k | €4k | €2k | ▼ 41.7% |
| Current assets29/58 | €266k | €225k | €336k | €530k | ▲ 57.6% |
| Amounts receivable within one year40/41 | €152k | €198k | €300k | €386k | ▲ 28.7% |
| Trade receivables40 | €137k | €179k | €291k | €379k | ▲ 30.1% |
| Other amounts receivable41 | €15k | €18k | €9k | €7k | ▼ 18.4% |
| Cash at bank and in hand54/58 | €100k | €7k | €9k | €121k | ▲ 1,300% |
| Deferred charges and accrued income490/1 | €14k | €20k | €27k | €23k | ▼ 16.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €701k | €1.24M | €1.64M | €1.90M | ▲ 15.5% |
| Equity10/15 | €8k | €-32k | €-104k | €439k | ▲ 523% |
| Contributions10/11 | €45k | €45k | €45k | €693k | ▲ 1,439% |
| Profit (loss) carried forward14 | €-37k | €-77k | €-149k | €-254k | ▼ 70.8% |
| Amounts payable17/49 | €693k | €1.27M | €1.75M | €1.46M | ▼ 16.5% |
| Amounts payable after more than one year17 | €63k | €497k | €613k | €478k | ▼ 22.0% |
| Financial debts170/4 | €63k | €497k | €613k | €478k | ▼ 22.0% |
| Amounts payable within one year42/48 | €312k | €456k | €649k | €455k | ▼ 30.0% |
| Current portion of amounts payable after more than one year42 | - | €61k | €63k | €152k | ▲ 140% |
| Financial debts43 | - | €92k | €171k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €92k | €171k | €0 | ▼ 100% |
| Trade debts44 | €303k | €290k | €389k | €277k | ▼ 29.0% |
| Suppliers440/4 | €303k | €290k | €389k | €277k | ▼ 29.0% |
| Taxes, remuneration and social security45 | €9k | €13k | €26k | €26k | ▼ 0.3% |
| Taxes450/3 | - | €483 | €8k | €16k | ▲ 93.6% |
| Remuneration and social security454/9 | €9k | €13k | €18k | €10k | ▼ 42.4% |
| Accrued charges and deferred income492/3 | €317k | €315k | €484k | €526k | ▲ 8.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-37k | €-40k | €-71k | €-105k | ▼ 47.5% |
| + Depreciation and write-downs630 | €2k | €88k | €217k | €158k | ▼ 27.4% |
| Operating cash flow (approximation) | €-35k | €48k | €146k | €52k | ▼ 64.1% |
| Investment in fixed assets (approximation) | - | €-665k | €-515k | €-221k | ▲ 57.2% |
| Change in cash | - | €-93k | €1k | €112k | ▲ 7,705% |
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
2026
26-08
State Gazette act
Resignations: TECHBORN BV, NINE GRAND BV and EFFECTIEF BVPermanent representatives: Jasper De Craecker, Nicolas Potvin and 2 others · Appointment: ESURIO BV (director) · Registered-office move11 facts ▸
State Gazette act
Resignations: TECHBORN BV, NINE GRAND BV and EFFECTIEF BV
Permanent representatives: Jasper De Craecker, Nicolas Potvin and 2 others · Appointment: ESURIO BV (director) · Registered-office move11 facts ▸
- General meeting, 07-08-2026
- Director resignation, TECHBORN BV (managing director)
- Permanent representative, Jasper De Craecker
- Director resignation, NINE GRAND BV (managing director)
- Permanent representative, Nicolas Potvin
- Director resignation, EFFECTIEF BV (director)
- Permanent representative, Koen Warson
- Director appointment, ESURIO BV (director)
- Permanent representative, Kevin Goeminne
- Board meeting, 07-08-2026
- Registered-office move, Korte Keppestraat 9 bus 11, 9320 Aalst
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-105k
Net result drops to €-105k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.52 to 1.16; short-term debt falls from €649k to €455k.
31-12
Financial
Equity above €200kEq €439k
Equity rises from €-104k to €439k.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
ESURIO
CurrentDirector · since 07-08-2026 · Private limited company · perm. rep.: Kevin Goeminne
07-08-2026
ESURIO: Appointed as Director
07-08-2026
EFFECTIEF: Resigned as Director
07-08-2026
NINE GRAND: Resigned as Managing director
07-08-2026
TECHBORN: Resigned as Managing director
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2020
Ground area
8,103 m²
Building footprint
698 m²
Volume, LiDAR
16,017 m³
2 parcels, Flanders · tallest building 29.3 m, ±9 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
Kadanza
since 20202.306.986.929
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0950/00M002 | Flanders | 7,939 m² | 1 · 611 m² | 29.3 m · 9 fl. |
| 12025A0665/00R000 | Flanders | 164 m² | 1 · 87 m² | 14.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,350 EUR awarded · 1,350 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 750 EUR | 1,350 EUR |
| 2023 | 1 | 600 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400WXNT92N6925A92
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,143 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
Founded26-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
Contact
Website
www.kadanza.com
E-mail
board@kadanza.com
Scores and ratios are computed by Checked and are not a credit decision.