Kadic
ActiveSummary
Kadic has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €749,600. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+3
Solvency65▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.43 in 2024; short-term debt: 58.8% and cash: 0.6% of total assets), but 60.1% 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○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
39.9%
Return on assets
21.8%
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 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
49 d late
2023
22 d late
2022
31 d late
2021
31 d late
2020
27 d late
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 oldest company in Wommelgem, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€749,600▲ 32.7%
2024 · €564,748
Working capital
€1.1m▲ 42.4%
2024 · €770,428
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
Line20212022202320242025
Operating result€320,031▲ 33.1%€535,445▲ 67.3%€468,568▼ 12.5%€900,107▲ 92.1%€1.1m▲ 19.4%
Net result€212,273▲ 42.1%€346,086▲ 63.0%€278,476▼ 19.5%€564,748▲ 103%€749,600▲ 32.7%
Equity€942,148▲ 29.1%€913,234▼ 3.1%€911,710▼ 0.2%€1.1m▲ 18.1%€1.4m▲ 27.8%
Total assets€1.6m▲ 2.5%€2.1m▲ 30.4%€2.5m▲ 18.5%€2.9m▲ 15.4%€3.4m▲ 17.5%
Debt€702,984▼ 19.7%€1.2m▲ 75.3%€1.6m▲ 32.3%€1.9m▲ 13.8%€2.1m▲ 11.5%
Working capital€910,137▲ 33.5%€884,678▼ 2.8%€756,975▼ 14.4%€770,428▲ 1.8%€1.1m▲ 42.4%
Staff (FTE)6.2▲ 3.3%6.4▲ 3.2%5.9▼ 7.8%4.8▼ 18.6%5.3▲ 10.4%
Why a figure moved sharply
- 2024 Net result +103% on 2023. Cause not known from the registers.
- 2022 Net result +63% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€322,311 ▼ 8.8%
Current assets
€3.1m ▲ 21.1%
Equity and liabilities €3.4m
Equity
€1.4m ▲ 27.8%
Debt
€2.1m ▲ 11.5%
Debt's share of the balance-sheet total falls from 63.3% to 60.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.1m▲
2024 · €932,517
Cash flow
€805,990▲
2024 · €597,158
Current ratio
1.54▲
2024 · 1.43
Quick ratio
1.43▲
2024 · 1.28
Debt to equity
1.50▼
2024 · 1.72
ROE
54.5%▲
2024 · 52.5%
ROA
21.8%▲
2024 · 19.3%
Interest coverage
18.75▲
2024 · 6.84
Debt ≤ 1 year
€2.0m▲
2024 · €1.8m
Debt > 1 year
€29,327▼
2024 · €39,049
Income taxes
€265,192▲
2024 · €199,027
Staff costs
€325,459▲
2024 · €289,477
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,500 | - | €4,053 | €7,355 | €10,439 | ▲ 41.9% |
| Remuneration, social security and pensions62 | €379,503 | €420,018 | €358,865 | €289,477 | €325,459 | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,339 | €36,399 | €29,023 | €32,410 | €56,390 | ▲ 74.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,936 | - | - | - |
| Other operating charges640/8 | €5,602 | €6,671 | €4,937 | €14,307 | €10,290 | ▼ 28.1% |
| Non-recurring operating charges66A | - | - | €5,168 | - | - | - |
| Gross operating margin9900 | €737,475 | €998,532 | €868,496 | €1.2m | €1.5m | ▲ 18.6% |
| Operating profit (loss)9901 | €320,031 | €535,445 | €468,568 | €900,107 | €1.1m | ▲ 19.4% |
| Financial income75/76B | €1,212 | €477 | €98 | €31 | €543 | ▲ 1,639% |
| Recurring financial income75 | €1,212 | €477 | €98 | €31 | €543 | ▲ 1,639% |
| Financial charges65/66B | €37,353 | €69,874 | €93,056 | €136,363 | €60,331 | ▼ 55.8% |
| Recurring financial charges65 | €37,353 | €69,874 | €93,056 | €136,363 | €60,331 | ▼ 55.8% |
| Profit (loss) for the period before taxes9903 | €283,890 | €466,047 | €375,610 | €763,775 | €1.0m | ▲ 32.9% |
| Income taxes67/77 | €71,618 | €119,962 | €97,134 | €199,027 | €265,192 | ▲ 33.2% |
| Profit (loss) for the period9904 | €212,273 | €346,086 | €278,476 | €564,748 | €749,600 | ▲ 32.7% |
| Profit (loss) for the period to be appropriated9905 | €212,273 | €346,086 | €278,476 | €564,748 | €749,600 | ▲ 32.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.1m | €2.5m | €2.9m | €3.4m | ▲ 17.5% |
| Fixed assets21/28 | €66,637 | €47,293 | €164,198 | €353,589 | €322,311 | ▼ 8.8% |
| Tangible fixed assets22/27 | €62,803 | €43,460 | €160,365 | €349,756 | €317,908 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | - | €3,034 | €2,412 | €1,789 | ▼ 25.8% |
| Furniture and vehicles24 | €25,589 | €23,208 | €31,811 | €131,151 | €115,079 | ▼ 12.3% |
| Leasing and similar rights25 | €30,168 | €15,084 | - | - | - | - |
| Other tangible fixed assets26 | €7,047 | €5,168 | €125,520 | €216,193 | €201,040 | ▼ 7.0% |
| Financial fixed assets28 | €3,833 | €3,833 | €3,833 | €3,833 | €4,403 | ▲ 14.9% |
| Current assets29/58 | €1.6m | €2.1m | €2.4m | €2.6m | €3.1m | ▲ 21.1% |
| Stocks and contracts in progress3 | €271,564 | €268,352 | €258,422 | €270,307 | €235,999 | ▼ 12.7% |
| Stocks30/36 | €271,564 | €268,352 | €258,422 | €270,307 | €235,999 | ▼ 12.7% |
| Amounts receivable within one year40/41 | €1.3m | €1.8m | €2.0m | €2.2m | €2.9m | ▲ 33.1% |
| Trade receivables40 | €1.2m | €1.6m | €2.0m | €2.1m | €2.7m | ▲ 29.4% |
| Other amounts receivable41 | €29,853 | €225,661 | €30,105 | €79,533 | €182,803 | ▲ 130% |
| Cash at bank and in hand54/58 | €17,665 | €3,546 | €61,584 | €154,344 | €20,967 | ▼ 86.4% |
| Deferred charges and accrued income490/1 | €17,349 | €9,759 | €10,374 | €579 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.1m | €2.5m | €2.9m | €3.4m | ▲ 17.5% |
| Equity10/15 | €942,148 | €913,234 | €911,710 | €1.1m | €1.4m | ▲ 27.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €848,656 | €848,656 | €848,656 | €998,656 | €1.3m | ▲ 30.0% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €29,456 | €29,456 | €29,456 | €29,456 | €29,456 | = |
| Distributable reserves133 | €813,000 | €813,000 | €813,000 | €963,000 | €1.3m | ▲ 31.2% |
| Profit (loss) carried forward14 | €31,492 | €2,578 | €1,054 | €15,802 | €15,402 | ▼ 2.5% |
| Amounts payable17/49 | €702,984 | €1.2m | €1.6m | €1.9m | €2.1m | ▲ 11.5% |
| Amounts payable after more than one year17 | €28,160 | €12,874 | - | €39,049 | €29,327 | ▼ 24.9% |
| Financial debts170/4 | €28,160 | €12,874 | - | €39,049 | €29,327 | ▼ 24.9% |
| Amounts payable within one year42/48 | €668,359 | €1.2m | €1.6m | €1.8m | €2.0m | ▲ 12.1% |
| Current portion of amounts payable after more than one year42 | €19,969 | €15,286 | €12,874 | €9,412 | €9,723 | ▲ 3.3% |
| Financial debts43 | €338,000 | €401,599 | €449,950 | €580,000 | €390,000 | ▼ 32.8% |
| Credit institutions430/8 | €338,000 | €401,599 | €449,950 | €580,000 | €390,000 | ▼ 32.8% |
| Trade debts44 | €208,078 | €349,468 | €500,946 | €679,260 | €577,325 | ▼ 15.0% |
| Suppliers440/4 | €208,078 | €349,468 | €500,946 | €679,260 | €577,325 | ▼ 15.0% |
| Advances received on contracts in progress46 | - | - | - | - | €352,450 | - |
| Taxes, remuneration and social security45 | €86,913 | €72,098 | €76,415 | €139,013 | €225,834 | ▲ 62.5% |
| Taxes450/3 | €31,323 | €23,182 | €52,134 | €106,905 | €174,192 | ▲ 62.9% |
| Remuneration and social security454/9 | €55,590 | €48,916 | €24,281 | €32,108 | €51,643 | ▲ 60.8% |
| Other amounts payable47/48 | €15,400 | €375,000 | €580,000 | €400,000 | €470,552 | ▲ 17.6% |
| Accrued charges and deferred income492/3 | €6,465 | €5,863 | €9,463 | €8,510 | €14,052 | ▲ 65.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €212,273 | €346,086 | €278,476 | €564,748 | €749,600 | ▲ 32.7% |
| + Depreciation and write-downs630 | €32,339 | €36,399 | €29,023 | €32,410 | €56,390 | ▲ 74.0% |
| Operating cash flow (approximation) | €244,611 | €382,484 | €307,498 | €597,158 | €805,990 | ▲ 35.0% |
| Investment in fixed assets (approximation) | - | -€17,055 | -€145,928 | -€221,801 | -€25,112 | ▲ 88.7% |
| Change in cash | - | -€14,119 | €58,038 | €92,760 | -€133,377 | ▼ 244% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
31-12
Financial
Highest result since 2018net €749,600 ▲32.7%
Operating result €1.1m, net result €749,600, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 49 days late
2024
31-12
Financial
Equity above €1mEq €1.1m ▲18.1%
7 profitable years in a row build equity to €1.1m.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
31-12
Financial
Weakest financial yearnet €148,448 ▼12.4%
Net result drops to €148,448, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500,000Eq €598,482 ▲33%
2 profitable years in a row build equity to €598,482.
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 44 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Wommelgem · 1 establishment unit since 1970
Ground area
1,368 m²
Building footprint
2,570 m²
Parcel 11052A0038/00V002, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Nijverheidsstraat 8, 2160 Wommelgem
since 19702.005.446.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0038/00V002 | Flanders | 1,368 m² | 1 · 2,569 m² | - |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- Kadic Invest
- Kadic
Highest known parent: Kadic Invest. The sources do not say who stands above it.
Owners 1
- Kadic Investparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,163 EUR awarded · 6,059 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,104 EUR | 1,000 EUR |
| 2024 | 1 | 938 EUR | 938 EUR |
| 2023 | 1 | 2,424 EUR | 2,424 EUR |
| 2022 | 1 | 1,697 EUR | 1,697 EUR |
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Of 211 companies in sector 28299 we hold annual accounts for 154. 108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-10-1970
Fiscal year end31-12
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
28940Manufacture of machinery and equipment not elsewhere classified
28420Manufacture of machinery and equipment not elsewhere classified
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46425Wholesale trade
46498Wholesale trade
47120Other non-specialised retail sale
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0407728414
Registered
20-11-2020
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.