KADE
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-10-2024, 76 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2023
76 d late
2022
27 d early
2021
20 d early
2020
11 d early
2019
2 d early
2018
27 d early
2017
58 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€469k▲ 6.1%
2022 · €441k
2018: €122klowest in 6 years
2019: €206k▲ +68.8% vs 2018
2020: €361k▲ +75.3% vs 2019
2021: €323k▼ -10.4% vs 2020
2022: €441k▲ +36.5% vs 2021
2023: €469k▲ +6.1% vs 2022highest in 6 years
2018 → 2023
Total assets
€1.20M▲ 5.3%
2022 · €1.14M
2018: €465klowest in 6 years
2019: €468k▲ +0.6% vs 2018
2020: €1.23M▲ +163% vs 2019
2021: €1.25M▲ +1.4% vs 2020highest in 6 years
2022: €1.14M▼ -9.1% vs 2021
2023: €1.20M▲ +5.3% vs 2022
2018 → 2023
Net result
€27k▼ 77.8%
2022 · €122k
2018: €35k
2019: €78k▲ +126% vs 2018
2020: €155k▲ +97.8% vs 2019highest in 6 years
2021: €79k▼ -49.0% vs 2020
2022: €122k▲ +54.7% vs 2021
2023: €27k▼ -77.8% vs 2022lowest in 6 years
2018 → 2023
Working capital
€379k▲ 94.3%
2022 · €195k
2018: €-2klowest in 6 years
2019: €132k▲ +5561% vs 2018
2020: €133k▲ +0.3% vs 2019
2021: €33k▼ -74.9% vs 2020
2022: €195k▲ +485% vs 2021
2023: €379k▲ +94.3% vs 2022highest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€206k-€361k▲ 75.3%€323k▼ 10.4%€441k▲ 36.5%€469k▲ 6.1%
2019: €206klowest in 5 years
2020: €361k▲ +75.3% vs 2019
2021: €323k▼ -10.4% vs 2020
2022: €441k▲ +36.5% vs 2021
2023: €469k▲ +6.1% vs 2022highest in 5 years
Operating result€116k-€185k▲ 60.1%€107k▼ 42.5%€171k▲ 60.6%€25k▼ 85.3%
2019: €116k
2020: €185k▲ +60.1% vs 2019highest in 5 years
2021: €107k▼ -42.5% vs 2020
2022: €171k▲ +60.6% vs 2021
2023: €25k▼ -85.3% vs 2022lowest in 5 years
Net result€78k-€155k▲ 97.8%€79k▼ 49.0%€122k▲ 54.7%€27k▼ 77.8%
2019: €78k
2020: €155k▲ +97.8% vs 2019highest in 5 years
2021: €79k▼ -49.0% vs 2020
2022: €122k▲ +54.7% vs 2021
2023: €27k▼ -77.8% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 85% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.20M
Fixed assets
€728k ▼ 3.0%
Current assets
€467k ▲ 21.2%
Equity and liabilities €1.20M
Equity
€469k ▲ 6.1%
Debt
€727k ▲ 4.7%
Debt's share of the balance-sheet total falls from 61.1% to 60.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▼
2022 · €209k
Cash flow
€51k▼
2022 · €160k
Current ratio
5.29▲
2022 · 2.02
Debt to equity
1.55▼
2022 · 1.57
ROE
5.8%▼
2022 · 27.7%
ROA
2.3%▼
2022 · 10.8%
Interest coverage
6.55▼
2022 · 23.61
Debt ≤ 1 year
€88k▼
2022 · €191k
Debt > 1 year
€474k▼
2022 · €499k
Income taxes
€10k▼
2022 · €43k
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 · 2023 against 2022 · 53 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.14M€1.20M▲
Fixed assets21/28€750k€728k▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€731k€710k▼
Land and buildings22€730k€710k▼
Furniture and vehicles24€157€0▼
Financial fixed assets28€15k€15k=
Current assets29/58€386k€467k▲
Amounts receivable within one year40/41€18k€172k▲
Trade receivables40€17k€72k▲
Other amounts receivable41€1k€100k▲
Current investments50/53€166k€0▼
Cash at bank and in hand54/58€201k€24k▼
Deferred charges and accrued income490/1-€271k
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.20M▲
Equity10/15€441k€469k▲
Contributions10/11€20k€20k=
Reserves13€421k€448k▲
Distributable reserves133€421k€448k▲
Amounts payable17/49€694k€727k▲
Amounts payable after more than one year17€499k€474k▼
Financial debts170/4€499k€462k▼
Other amounts payable178/9-€12k
Amounts payable within one year42/48€191k€88k▼
Current portion of amounts payable after more than one year42€37k€37k▲
Financial debts43€16€0▼
Credit institutions430/8€16€0▼
Trade debts44€32k€28k▼
Suppliers440/4€32k€28k▼
Taxes, remuneration and social security45€4k€11k▲
Taxes450/3€4k€11k▲
Other amounts payable47/48€118k€13k▼
Accrued charges and deferred income492/3€5k€164k▲
Income statement
Code20222023
Non-recurring operating income76A€22k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€24k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-750€0▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€157
Gross operating margin9900€209k€50k▼
Operating profit (loss)9901€171k€25k▼
Financial income75/76B€3k€20k▲
Recurring financial income75€3k€11k▲
Non-recurring financial income76B-€9k
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€166k€38k▼
Income taxes67/77€43k€10k▼
Profit (loss) for the period9904€122k€27k▼
Profit (loss) for the period to be appropriated9905€122k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€27k▼
Transfer to equity691/2€122k€27k▼
To other reserves6921€122k€27k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €22k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €41k | €36k | €37k | €24k | ▼ 36.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-648 | €-750 | €0 | ▲ 100% |
| Other operating charges640/8 | - | - | €2k | €2k | €1k | ▼ 31.2% |
| Non-recurring operating charges66A | - | - | €7k | - | €157 | - |
| Gross operating margin9900 | €141k | €240k | €150k | €209k | €50k | ▼ 76.0% |
| Operating profit (loss)9901 | €116k | €185k | €107k | €171k | €25k | ▼ 85.3% |
| Financial income75/76B | - | - | €1k | €3k | €20k | ▲ 514% |
| Recurring financial income75 | €1k | €1k | €1k | €3k | €11k | ▲ 236% |
| Non-recurring financial income76B | - | - | - | - | €9k | - |
| Financial charges65/66B | - | - | €10k | €9k | €7k | ▼ 15.3% |
| Recurring financial charges65 | €4k | €11k | €10k | €9k | €7k | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €113k | €176k | €98k | €166k | €38k | ▼ 77.4% |
| Income taxes67/77 | €35k | €21k | €19k | €43k | €10k | ▼ 75.9% |
| Profit (loss) for the period9904 | €78k | €155k | €79k | €122k | €27k | ▼ 77.8% |
| Profit (loss) for the period to be appropriated9905 | €78k | €155k | €79k | €122k | €27k | ▼ 77.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €468k | €1.23M | €1.25M | €1.14M | €1.20M | ▲ 5.3% |
| Fixed assets21/28 | €194k | €901k | €917k | €750k | €728k | ▼ 3.0% |
| Intangible fixed assets21 | €8k | €7k | €6k | €4k | €3k | ▼ 33.3% |
| Tangible fixed assets22/27 | €161k | €870k | €891k | €731k | €710k | ▼ 2.8% |
| Land and buildings22 | - | - | €866k | €730k | €710k | ▼ 2.8% |
| Plant, machinery and equipment23 | - | - | €15k | - | - | - |
| Furniture and vehicles24 | - | - | €5k | €157 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €5k | - | - | - |
| Financial fixed assets28 | €24k | €24k | €20k | €15k | €15k | = |
| Current assets29/58 | €274k | €331k | €333k | €386k | €467k | ▲ 21.2% |
| Amounts receivable within one year40/41 | €79k | €16k | €38k | €18k | €172k | ▲ 832% |
| Trade receivables40 | - | - | €38k | €17k | €72k | ▲ 319% |
| Other amounts receivable41 | - | - | - | €1k | €100k | ▲ 7,450% |
| Current investments50/53 | €166k | €166k | €166k | €166k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €30k | €149k | €127k | €201k | €24k | ▼ 88.2% |
| Deferred charges and accrued income490/1 | - | - | €2k | - | €271k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €468k | €1.23M | €1.25M | €1.14M | €1.20M | ▲ 5.3% |
| Equity10/15 | €206k | €361k | €323k | €441k | €469k | ▲ 6.1% |
| Contributions10/11 | €21k | - | €21k | €20k | €20k | = |
| Reserves13 | €185k | €341k | €303k | €421k | €448k | ▲ 6.4% |
| Non-distributable reserves130/1 | - | - | €2k | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | - | - | - |
| Distributable reserves133 | - | - | €301k | €421k | €448k | ▲ 6.4% |
| Profit (loss) carried forward14 | €10k | €10k | - | - | - | - |
| Amounts payable17/49 | €262k | €871k | €926k | €694k | €727k | ▲ 4.7% |
| Amounts payable after more than one year17 | €72k | €621k | €566k | €499k | €474k | ▼ 5.0% |
| Financial debts170/4 | - | - | €566k | €499k | €462k | ▼ 7.4% |
| Other amounts payable178/9 | - | - | - | - | €12k | - |
| Amounts payable within one year42/48 | €142k | €198k | €299k | €191k | €88k | ▼ 53.6% |
| Current portion of amounts payable after more than one year42 | - | - | €37k | €37k | €37k | ▲ 1.3% |
| Financial debts43 | - | - | €188 | €16 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €188 | €16 | €0 | ▼ 100% |
| Trade debts44 | €13k | €100k | €35k | €32k | €28k | ▼ 11.5% |
| Suppliers440/4 | - | - | €35k | €32k | €28k | ▼ 11.5% |
| Taxes, remuneration and social security45 | - | - | €5k | €4k | €11k | ▲ 178% |
| Taxes450/3 | - | - | €5k | €4k | €11k | ▲ 178% |
| Other amounts payable47/48 | - | - | €221k | €118k | €13k | ▼ 89.4% |
| Accrued charges and deferred income492/3 | - | - | €61k | €5k | €164k | ▲ 3,409% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €155k | €79k | €122k | €27k | ▼ 77.8% |
| + Depreciation and write-downs630 | €24k | €41k | €36k | €37k | €24k | ▼ 36.0% |
| Operating cash flow (approximation) | €103k | €196k | €115k | €160k | €51k | ▼ 68.1% |
| Investment in fixed assets (approximation) | - | €-748k | €-51k | €129k | €-2k | ▼ 101% |
| Change in cash | - | €119k | €-22k | €75k | €-178k | ▼ 338% |
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
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 76 days late
01-08
State Gazette act
Merger · Capital increase
Capital · Name change · Coppens Jan
28-05
State Gazette act
Board meeting · Merger
Accounting effect · Capital
2023
31-12
Financial
Weakest financial yearnet €27k ▼77.8%
Net result drops to €27k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 5.29
Current ratio from 2.02 to 5.29; short-term debt falls from €191k to €88k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €155k ▲97.8%
Operating result €185k, net result €155k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €206k ▲68.8%
2 profitable years in a row build equity to €206k.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
14-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:Hillewaere Insurance