KADEE
InactiveKADEE was declared bankrupt on 25-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed by liquidation by judgment of 07-05-2024, published in the Belgian State Gazette on 22-05-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-08-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-08-2022 close31-03-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2021 was due by 31-03-2022 and was filed on 31-03-2022, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
on the day
2020
13 d early
2019
252 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 80 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
-€303,161▲ 27.9%
2020 · -€420,752
Total assets
€623,736▼ 4.8%
2020 · €655,330
Net result
€117,591▲ 190%
2020 · €40,595
Working capital
-€12,515▲ 94.4%
2020 · -€222,067
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result-€125,370-€69,483€131,288▲ 88.9%
Net result-€154,606-€40,595€117,591▲ 190%
Equity-€461,355--€420,752▲ 8.8%-€303,161▲ 27.9%
Total assets€498,782-€655,330▲ 31.4%€623,736▼ 4.8%
Debt€960,136-€1.1m▲ 12.1%€926,897▼ 13.9%
Working capital-€254,969--€222,067▲ 12.9%-€12,515▲ 94.4%
Staff (FTE)2-1.6▼ 20.0%1▼ 37.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 89% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €623,736
Fixed assets
€6,608 ▼ 90.7%
Current assets
€617,128 ▲ 5.6%
Key figures and ratios
EBITDA
€137,335▲
2020 · €101,939
Cash flow
€123,638▲
2020 · €73,051
Solvency
-48.6%▲
2020 · -64.2%
Current ratio
0.98▲
2020 · 0.72
Quick ratio
0.32▼
2020 · 0.44
Debt to equity
-0.98▼
2020 · -0.64
ROA
18.9%▲
2020 · 6.2%
Debt ≤ 1 year
€629,642▼
2020 · €806,519
Debt > 1 year
€297,254▲
2020 · €269,562
Income taxes
€514▲
2020 · €391
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,647 | €32,456 | €6,047 | ▼ 81.4% |
| Gross operating margin9900 | €81,756 | €199,760 | €203,959 | ▲ 2.1% |
| Operating profit (loss)9901 | -€125,370 | €69,483 | €131,288 | ▲ 88.9% |
| Recurring financial income75 | €715 | €0 | €2,336 | ▲ 4,671,480% |
| Recurring financial charges65 | €22,177 | €28,498 | €15,519 | ▼ 45.5% |
| Profit (loss) for the period before taxes9903 | -€146,832 | €40,986 | €118,105 | ▲ 188% |
| Income taxes67/77 | €7,774 | €391 | €514 | ▲ 31.6% |
| Profit (loss) for the period9904 | -€154,606 | €40,595 | €117,591 | ▲ 190% |
| Profit (loss) for the period to be appropriated9905 | -€154,606 | €40,595 | €117,591 | ▲ 190% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €498,782 | €655,330 | €623,736 | ▼ 4.8% |
| Fixed assets21/28 | €103,334 | €70,878 | €6,608 | ▼ 90.7% |
| Intangible fixed assets21 | €0 | - | - | - |
| Tangible fixed assets22/27 | €102,703 | €70,247 | €5,977 | ▼ 91.5% |
| Financial fixed assets28 | €631 | €631 | €631 | = |
| Current assets29/58 | €395,448 | €584,452 | €617,128 | ▲ 5.6% |
| Stocks and contracts in progress3 | €232,707 | €232,643 | €418,703 | ▲ 80.0% |
| Amounts receivable within one year40/41 | €114,591 | €192,717 | €136,813 | ▼ 29.0% |
| Cash at bank and in hand54/58 | €48,150 | €159,091 | €61,612 | ▼ 61.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €498,782 | €655,330 | €623,736 | ▼ 4.8% |
| Equity10/15 | -€461,355 | -€420,752 | -€303,161 | ▲ 27.9% |
| Contributions10/11 | €18,592 | - | - | - |
| Reserves13 | €52,098 | €52,098 | €52,098 | = |
| Profit (loss) carried forward14 | -€532,044 | -€491,449 | -€373,858 | ▲ 23.9% |
| Amounts payable17/49 | €960,136 | €1.1m | €926,897 | ▼ 13.9% |
| Amounts payable after more than one year17 | €309,719 | €269,562 | €297,254 | ▲ 10.3% |
| Amounts payable within one year42/48 | €650,417 | €806,519 | €629,642 | ▼ 21.9% |
| Trade debts44 | €130,112 | €149,366 | €380,620 | ▲ 155% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€154,606 | €40,595 | €117,591 | ▲ 190% |
| + Depreciation and write-downs630 | €32,647 | €32,456 | €6,047 | ▼ 81.4% |
| Operating cash flow (approximation) | -€121,958 | €73,051 | €123,638 | ▲ 69.2% |
| Investment in fixed assets (approximation) | - | €0 | €58,223 | - |
| Change in cash | - | €110,941 | -€97,479 | ▼ 188% |
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
22-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 07-05-2024
2022
17-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 25-10-2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
Financial
Highest result since 2019net €117,591 ▲190%
Operating result €131,288, net result €117,591, both a record.
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 252 days late
08-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 618 days late
31-08
Financial
Back to profitnet €40,595
Net result €40,595 after one loss-making year.
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 86 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
17-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
12-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
03-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 3 days late
SignalFinancial 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RUDI VAN GOMPEL DORP 8, 2360 OUD-TURNHOUT- |
25-10-2022 → 07-05-2024 |
| Curator | TOM ROBEYNS DORP 8, 2360 OUD-TURNHOUT- |
25-10-2022 → 07-05-2024 |