KADECO
ActiveSummary
KADECO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €7k. Equity is growing by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-9
Solvency31▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 0.9 in 2024; short-term debt: 49.1% and cash: 0.3% of total assets), and 93.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.1%
Return on assets
0.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
25 d late
2024
on the day
2023
16 d late
2022
22 d late
2021
2 d early
2020
31 d late
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€96k▲ 7.5%
2024 · €89k
2019: €19k
2020: €22k
2021: €30k
2022: €48k
2023: €68k
2024: €89k
2019 → 2025
Total assets
€1.57M▼ 3.4%
2024 · €1.63M
2019: €119k
2020: €231k
2021: €288k
2022: €440k
2023: €763k
2024: €1.63M
2019 → 2025
Net result
€7k▼ 68.9%
2024 · €22k
2019: €2k
2020: €3k
2021: €9k
2022: €19k
2023: €21k
2024: €22k
2019 → 2025
Working capital
€38k
2024 · €-68k
2019: €-42k
2020: €-58k
2021: €-9k
2022: €-36k
2023: €8k
2024: €-68k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€48k▲ 57.5%€68k▲ 41.2%€89k▲ 31.9%€96k▲ 7.5%
Operating result€21k-€32k▲ 50.2%€49k▲ 51.7%€99k▲ 103%€43k▼ 56.0%
Net result€9k-€19k▲ 123%€21k▲ 11.7%€22k▲ 1.1%€7k▼ 68.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.57M
Fixed assets
€763k ▼ 22.4%
Current assets
€809k ▲ 27.0%
Equity and liabilities €1.57M
Equity
€96k ▲ 7.5%
Debt
€1.48M ▼ 4.0%
Debt's share of the balance-sheet total falls from 94.5% to 93.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€225k▼
2024 · €274k
Cash flow
€188k▼
2024 · €197k
Current ratio
1.05▲
2024 · 0.90
Quick ratio
0.45▲
2024 · 0.41
Debt to equity
15.39▼
2024 · 17.24
ROE
7.0%▼
2024 · 24.2%
ROA
0.4%▼
2024 · 1.3%
Interest coverage
2.88▼
2024 · 3.82
Debt ≤ 1 year
€771k▲
2024 · €705k
Debt > 1 year
€705k▼
2024 · €832k
Income taxes
€7k▼
2024 · €8k
Staff costs
€564k▼
2024 · €567k
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 · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.63M€1.57M▼
Formation expenses20€8k-
Fixed assets21/28€982k€763k▼
Intangible fixed assets21€299k€239k▼
Tangible fixed assets22/27€676k€520k▼
Land and buildings22€41k€26k▼
Plant, machinery and equipment23€110k€60k▼
Furniture and vehicles24€27k€12k▼
Leasing and similar rights25€407k€343k▼
Other tangible fixed assets26€92k€80k▼
Financial fixed assets28€8k€3k▼
Current assets29/58€637k€809k▲
Stocks and contracts in progress3€344k€463k▲
Stocks30/36€344k€463k▲
Amounts receivable within one year40/41€234k€335k▲
Trade receivables40€214k€329k▲
Other amounts receivable41€20k€6k▼
Cash at bank and in hand54/58€54k€5k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.63M€1.57M▼
Equity10/15€89k€96k▲
Contributions10/11€19k€19k=
Reserves13€59k€65k▲
Distributable reserves133€59k€65k▲
Profit (loss) carried forward14€12k€12k=
Amounts payable17/49€1.54M€1.48M▼
Amounts payable after more than one year17€832k€705k▼
Financial debts170/4€832k€705k▼
Amounts payable within one year42/48€705k€771k▲
Current portion of amounts payable after more than one year42€396k€174k▼
Financial debts43-€175k
Credit institutions430/8-€175k
Trade debts44€172k€257k▲
Suppliers440/4€172k€257k▲
Taxes, remuneration and social security45€87k€76k▼
Taxes450/3€53k€47k▼
Remuneration and social security454/9€34k€29k▼
Other amounts payable47/48€51k€89k▲
Accrued charges and deferred income492/3€300-
Income statement
Code20242025
Remuneration, social security and pensions62€567k€564k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€175k€181k▲
Other operating charges640/8€11k€13k▲
Non-recurring operating charges66A-€49k
Gross operating margin9900€851k€850k▼
Operating profit (loss)9901€99k€43k▼
Financial income75/76B€2k€49k▲
Recurring financial income75€2k€49k▲
Financial charges65/66B€72k€78k▲
Recurring financial charges65€72k€78k▲
Profit (loss) for the period before taxes9903€29k€14k▼
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€22k€7k▼
Profit (loss) for the period to be appropriated9905€22k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€19k▼
Profit (loss) brought forward from the previous period14P€12k€12k=
Transfer to equity691/2€22k€7k▼
To other reserves6921€22k€7k▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €22k ▲1.1%
Operating result €99k, net result €22k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Beringen · 3 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beverlosesteenweg 2683583 BeringenGround area
1.2 ha
Building footprint
3,199 m²
Volume, LiDAR
17,111 m³
3 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
KaDecO
since 20172.270.439.408
Genebroekstraat 94, 3581 Beringen
since 20202.307.616.637
Vaneylen
since 20242.360.748.881
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1408/00A014 | Flanders | 4,129 m² | 1 · 1,344 m² | 7.3 m · 2 fl. |
| 71005B1783/00E000 | Flanders | 4,042 m² | 1 · 1,605 m² | 6.7 m · 2 fl. |
| 71049B0299/00E000 | Flanders | 3,901 m² | 1 · 250 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 8,721 EUR awarded · 8,721 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 900 EUR | 4,230 EUR |
| 2024 | 1 | 3,330 EUR | 0 EUR |
| 2022 | 1 | 4,491 EUR | 4,491 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
YOLIMA
BE 0665.881.145
Mortsel · Eq €95,900
CD&NN
BE 0642.617.080
Rebecq · Eq €95,914
't HAMSTERKE
BE 0458.037.859
Sint-Truiden · Eq €95,968
MULTI-SHOP NYS
BE 0667.666.935
Braine-le-Comte · Eq €95,786
MCO Projects
BE 0729.732.483
Maldegem · Eq €95,046
Of 12,958 companies in sector 47120 we hold annual accounts for 2,190. 1,507 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
47120Other non-specialised retail sale
13300Finishing of textiles
25510Coating of metals
43120Site preparation
47242Retail sale of chocolate and confectionery
47761Retail sale of flowers, plants, seeds and fertilisers
47784Retail sale of souvenirs and religious articles
52210Service activities incidental to land transportation
58190Other publishing activities, excluding software publishing
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.