KADEMER
ActiveSummary
The computed 12-month bankruptcy probability of KADEMER is 1.7% (moderate). The 2025 annual accounts show equity of €111,573 and a net result of €16,282. Equity is growing by ~33.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 28281 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-14
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 15.22 against 9.46 in 2024; short-term debt: 5.1% and cash: 48.7% of total assets), and 5.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
94.9%
Return on assets
13.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
49 d early
2024
48 d early
2023
22 d early
2022
48 d early
2021
48 d early
2020
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€111,573▲ 17.1%
2024 · €95,291
Total assets
€117,512▲ 12.1%
2024 · €104,783
Net result
€16,282▼ 42.4%
2024 · €28,272
Working capital
€84,441▲ 5.2%
2024 · €80,268
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,810▼ 73.1%€16,506▲ 142%€25,104▲ 52.1%€36,112▲ 43.9%€19,874▼ 45.0%
Net result€5,183within the sector's middle half▼ 74.4%€12,682within the sector's middle half▲ 145%€19,667within the sector's middle half▲ 55.1%€28,272above the sector's middle half▲ 43.8%€16,282within the sector's middle half▼ 42.4%
Equity€34,670within the sector's middle half▲ 17.6%€47,352within the sector's middle half▲ 36.6%€67,019within the sector's middle half▲ 41.5%€95,291within the sector's middle half▲ 42.2%€111,573within the sector's middle half▲ 17.1%
Total assets€45,112below the sector's middle half▼ 7.3%€54,443below the sector's middle half▲ 20.7%€76,772within the sector's middle half▲ 41.0%€104,783within the sector's middle half▲ 36.5%€117,512within the sector's middle half▲ 12.1%
Debt€10,442▼ 45.6%€7,091▼ 32.1%€9,753▲ 37.5%€9,492▼ 2.7%€5,940▼ 37.4%
Working capital€23,696within the sector's middle half▲ 28.0%€19,454within the sector's middle half▼ 17.9%€40,522within the sector's middle half▲ 108%€80,268within the sector's middle half▲ 98.1%€84,441within the sector's middle half▲ 5.2%
Solvency76.9%above the sector's middle half▲ 16.3pp87.0%above the sector's middle half▲ 10.1pp87.3%above the sector's middle half▲ 0.3pp90.9%above the sector's middle half▲ 3.6pp94.9%above the sector's middle half▲ 4.0pp
Current ratio3.27above the sector's middle half▲ 1.303.74above the sector's middle half▲ 0.475.15above the sector's middle half▲ 1.419.46above the sector's middle half▲ 4.3015.22above the sector's middle half▲ 5.76
Return on assets (ROA)11.5%within the sector's middle half▼ 30.2pp23.3%above the sector's middle half▲ 11.8pp25.6%above the sector's middle half▲ 2.3pp27.0%above the sector's middle half▲ 1.4pp13.9%within the sector's middle half▼ 13.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117,512
Fixed assets
€27,132 ▲ 80.6%
Current assets
€90,381 ▲ 0.7%
Equity and liabilities €117,512
Equity
€111,573 ▲ 17.1%
Debt
€5,940 ▼ 37.4%
Debt's share of the balance-sheet total falls from 9.1% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,642▼
2024 · €49,194
Cash flow
€24,049▼
2024 · €41,353
Debt to equity
0.05▼
2024 · 0.10
ROE
14.6%▼
2024 · 29.7%
Interest coverage
125.34▲
2024 · 109.42
Debt ≤ 1 year
€5,940▼
2024 · €9,492
Income taxes
€4,545▼
2024 · €8,028
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €372 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,009 | €8,649 | €11,482 | €13,081 | €7,767 | ▼ 40.6% |
| Other operating charges640/8 | €317 | €689 | €1,149 | €972 | €977 | ▲ 0.5% |
| Non-recurring operating charges66A | €2,522 | - | - | - | - | - |
| Gross operating margin9900 | €12,658 | €25,845 | €37,734 | €50,537 | €28,619 | ▼ 43.4% |
| Operating profit (loss)9901 | €6,810 | €16,506 | €25,104 | €36,112 | €19,874 | ▼ 45.0% |
| Financial income75/76B | €339 | €214 | €808 | €637 | €1,172 | ▲ 84.1% |
| Recurring financial income75 | €339 | €214 | €808 | €637 | €1,172 | ▲ 84.1% |
| Financial charges65/66B | €766 | €770 | €578 | €450 | €221 | ▼ 50.9% |
| Recurring financial charges65 | €766 | €770 | €578 | €450 | €221 | ▼ 50.9% |
| Profit (loss) for the period before taxes9903 | €6,384 | €15,950 | €25,334 | €36,299 | €20,826 | ▼ 42.6% |
| Income taxes67/77 | €1,200 | €3,268 | €5,667 | €8,028 | €4,545 | ▼ 43.4% |
| Profit (loss) for the period9904 | €5,183 | €12,682 | €19,667 | €28,272 | €16,282 | ▼ 42.4% |
| Profit (loss) for the period to be appropriated9905 | €5,183 | €12,682 | €19,667 | €28,272 | €16,282 | ▼ 42.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,112 | €54,443 | €76,772 | €104,783 | €117,512 | ▲ 12.1% |
| Fixed assets21/28 | €10,974 | €27,899 | €26,497 | €15,023 | €27,132 | ▲ 80.6% |
| Tangible fixed assets22/27 | €10,974 | €27,899 | €26,497 | €15,023 | €27,132 | ▲ 80.6% |
| Land and buildings22 | - | - | - | - | €12,012 | - |
| Plant, machinery and equipment23 | €6,933 | €4,839 | €10,561 | €8,616 | €5,700 | ▼ 33.8% |
| Furniture and vehicles24 | €4,041 | €23,059 | €15,936 | €6,407 | €9,420 | ▲ 47.0% |
| Current assets29/58 | €34,138 | €26,544 | €50,275 | €89,760 | €90,381 | ▲ 0.7% |
| Amounts receivable within one year40/41 | €10,889 | €16,961 | €32,241 | €16,781 | €30,110 | ▲ 79.4% |
| Trade receivables40 | €10,291 | €14,797 | €20,874 | €2,260 | €8,848 | ▲ 292% |
| Other amounts receivable41 | €598 | €2,165 | €11,367 | €14,521 | €21,262 | ▲ 46.4% |
| Cash at bank and in hand54/58 | €22,388 | €7,928 | €16,173 | €70,705 | €57,206 | ▼ 19.1% |
| Deferred charges and accrued income490/1 | €861 | €1,655 | €1,861 | €2,273 | €3,065 | ▲ 34.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,112 | €54,443 | €76,772 | €104,783 | €117,512 | ▲ 12.1% |
| Equity10/15 | €34,670 | €47,352 | €67,019 | €95,291 | €111,573 | ▲ 17.1% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €24,670 | €37,352 | €57,019 | €85,291 | €101,573 | ▲ 19.1% |
| Distributable reserves133 | €24,670 | €37,352 | €57,019 | €85,291 | €101,573 | ▲ 19.1% |
| Amounts payable17/49 | €10,442 | €7,091 | €9,753 | €9,492 | €5,940 | ▼ 37.4% |
| Amounts payable within one year42/48 | €10,442 | €7,091 | €9,753 | €9,492 | €5,940 | ▼ 37.4% |
| Trade debts44 | €1,043 | €1,828 | €4,258 | €1,465 | €1,395 | ▼ 4.8% |
| Suppliers440/4 | €1,043 | €1,828 | €4,258 | €1,465 | €1,395 | ▼ 4.8% |
| Taxes, remuneration and social security45 | €9,222 | €5,263 | €5,495 | €8,028 | €4,545 | ▼ 43.4% |
| Taxes450/3 | €1,222 | €5,263 | €5,495 | €8,028 | €4,545 | ▼ 43.4% |
| Remuneration and social security454/9 | €8,000 | - | - | - | - | - |
| Other amounts payable47/48 | €178 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,183 | €12,682 | €19,667 | €28,272 | €16,282 | ▼ 42.4% |
| + Depreciation and write-downs630 | €3,009 | €8,649 | €11,482 | €13,081 | €7,767 | ▼ 40.6% |
| Operating cash flow (approximation) | €8,193 | €21,332 | €31,149 | €41,353 | €24,049 | ▼ 41.8% |
| Investment in fixed assets (approximation) | - | -€25,574 | -€10,080 | -€1,608 | -€19,875 | ▼ 1,136% |
| Change in cash | - | -€14,460 | €8,245 | €54,532 | -€13,499 | ▼ 125% |
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
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €111,573 ▲17.1%
6 profitable years in a row build equity to €111,573.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €28,272 ▲43.8%
Operating result €36,112, net result €28,272, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €5,183 ▼74.4%
Net result drops to €5,183, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 · 1 establishment unit since 2019
Ground area
782 m²
Building footprint
125 m²
Volume, LiDAR
731 m³
Parcel 71029B1626/00H000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KADEMER
since 20192.291.228.387
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B1626/00H000 | Flanders | 782 m² | 1 · 125 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,429. 6,227 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
Founded05-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729838985
Also
9925:BE0729838985
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.