KaDeWe
ActiveKaDeWe has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €571k and a net result of €90k. Equity is growing by ~38.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 8647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-3
Solvency76▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.82 against 2.18 in 2024; short-term debt: 13.5% and cash: 25.4% of total assets), and 49.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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
50.7%
Return on assets
8%
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 02-03-2026, 151 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
151 d early
2024
41 d early
2023
15 d early
2022
38 d early
2021
51 d late
2020
16 d early
2019
35 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€571k▲ 18.8%
2024 · €480k
2019: €31k
2020: €76k
2021: €151k
2022: €250k
2023: €385k
2024: €480k
2019 → 2025
Total assets
€1.13M▲ 5.1%
2024 · €1.07M
2019: €45k
2020: €94k
2021: €193k
2022: €884k
2023: €968k
2024: €1.07M
2019 → 2025
Net result
€90k▼ 23.4%
2024 · €118k
2019: €13k
2020: €46k
2021: €77k
2022: €142k
2023: €155k
2024: €118k
2019 → 2025
Working capital
€275k▲ 49.3%
2024 · €184k
2019: €26k
2020: €67k
2021: €145k
2022: €57k
2023: €167k
2024: €184k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€151k-€250k▲ 65.1%€385k▲ 54.2%€480k▲ 24.7%€571k▲ 18.8%
Operating result€102k-€188k▲ 84.5%€215k▲ 14.7%€171k▼ 20.5%€132k▼ 22.7%
Net result€77k-€142k▲ 85.5%€155k▲ 9.5%€118k▼ 24.3%€90k▼ 23.4%
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 has fallen two years in a row; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€698k▼ 4.3%
Current assets
€427k▲ 25.2%
Equity and liabilities €1.13M
Equity
€571k▲ 18.8%
Debt
€555k▼ 6.0%
The debt ratio falls from 55.1% to 49.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€191k▼
2024 · €220k
Cash flow
€149k▼
2024 · €167k
Solvency
50.7%▲
2024 · 44.9%
Current ratio
2.82▲
2024 · 2.18
Quick ratio
2.82▲
2024 · 2.18
Debt / equity
0.97▼
2024 · 1.23
ROE
15.8%▼
2024 · 24.5%
ROA
8.0%▼
2024 · 11.0%
Interest coverage
15.97▲
2024 · 15.35
Debt
€555k▼
2024 · €590k
Debt ≤ 1 year
€152k▼
2024 · €157k
Debt > 1 year
€403k▼
2024 · €433k
Income taxes
€32k▼
2024 · €39k
Staff costs
€489k▲
2024 · €376k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€1.13M▲
Fixed assets21/28€729k€698k▼
Intangible fixed assets21€7k€5k▼
Tangible fixed assets22/27€722k€693k▼
Land and buildings22€649k€631k▼
Plant, machinery and equipment23€423€45▼
Furniture and vehicles24€73k€62k▼
Current assets29/58€341k€427k▲
Amounts receivable within one year40/41€180k€125k▼
Trade receivables40€164k€101k▼
Other amounts receivable41€16k€23k▲
Current investments50/53€45k-
Cash at bank and in hand54/58€113k€286k▲
Deferred charges and accrued income490/1€3k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.13M▲
Equity10/15€480k€571k▲
Contributions10/11€19k€19k=
Reserves13€462k€552k▲
Distributable reserves133€462k€552k▲
Profit (loss) carried forward14-€145
Amounts payable17/49€590k€555k▼
Amounts payable after more than one year17€433k€403k▼
Financial debts170/4€433k€403k▼
Amounts payable within one year42/48€157k€152k▼
Current portion of amounts payable after more than one year42€30k€30k▲
Financial debts43€11k-
Credit institutions430/8€11k-
Trade debts44€14k€7k▼
Suppliers440/4€14k€7k▼
Taxes, remuneration and social security45€78k€115k▲
Taxes450/3€37k€50k▲
Remuneration and social security454/9€41k€65k▲
Other amounts payable47/48€23k-
Income statement
Code20242025
Remuneration, social security and pensions62€376k€489k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€59k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€601k€686k▲
Operating profit (loss)9901€171k€132k▼
Financial income75/76B€273€1k▲
Recurring financial income75€273€1k▲
Financial charges65/66B€14k€12k▼
Recurring financial charges65€14k€12k▼
Profit (loss) for the period before taxes9903€157k€122k▼
Income taxes67/77€39k€32k▼
Profit (loss) for the period9904€118k€90k▼
Profit (loss) for the period to be appropriated9905€118k€90k▼
Appropriation of the result
Profit (loss) to be appropriated9906€118k€90k▼
Transfer to equity691/2€95k€90k▼
To other reserves6921€95k€90k▼
Profit to be distributed694/7€23k-
Return on contributions (dividend)694€21k-
Directors or managers695€2k-
Social balance
Average headcount (FTE)90875.66.8▲
The notes to these accounts (15 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
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €571k ▲18.8%
7 profitable years in a row build equity to €571k.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €155k ▲9.5%
Operating result €215k, net result €155k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €250k ▲65.1%
4 profitable years in a row build equity to €250k.
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2021
31-12
Financial
Equity above €150kEq €151k ▲99.3%
3 profitable years in a row build equity to €151k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Laarne · 1 establishment unit since 2022
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.
Dorpsstraat 499270 LaarneGround area
1,063 m²
Building footprint
231 m²
Volume, LiDAR
1,205 m³
Parcel 42010C0088/00X000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KaDeWe
since 20222.343.858.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010C0088/00X000 | Flanders | 1,063 m² | 1 · 231 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 · 5 entries · 2,179 EUR awarded · 2,179 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 36 EUR | 36 EUR |
| 2024 | 2 | 1,266 EUR | 1,600 EUR |
| 2023 | 1 | 334 EUR | 72 EUR |
| 2022 | 1 | 543 EUR | 471 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
People & Vision
BE 0735.828.637
Kampenhout · Eq €571k
DEWAELE INVEST
BE 0424.994.315
Brugge · Eq €571k
AR - BEHEER
BE 0479.465.060
Merksplas · Eq €571k
RALO
BE 0508.630.782
Brugge · Eq €570k
INFORUM
BE 0472.721.679
Brussel · Eq €570k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 33,555 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.