KADINCA

Active

Private limited companyfounded 201016 yrs activeEvergemsesteenweg 65, 9032 Gent, BelgiumKBO/BCE: BE 0826.107.527

KADINCA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34k and a net result of €-77k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 9582 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Watch Print / PDF

Checked score

Score 2024

32 / 100

Weak▼ -23 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-65

Solvency39▼-14

Growth32▼-20

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity ample (current ratio 7.33 against 4.39 in 2023), but 91% of the assets are financed with debt.

How do we compute the score and the probability?

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

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 →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

Return on assets

-20.5%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9582 sector peers (2024).

NBB · sector comparison

Position among 9582 sector peers

Solvency

better than 16%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 filings

Deviation from the deadline

2025

not confirmed

2024

67 d late

2023

31 d late

2022

66 d late

2021

16 d late

2020

31 d late

2019

45 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€34k▼ 69.5%

2023 · €111k

2018: €103k 2019: €-58k 2020: €-54k 2021: €51k 2022: €98k 2023: €111k

2018 → 2024

Total assets

€377k▼ 24.6%

2023 · €500k

2018: €411k 2019: €351k 2020: €574k 2021: €455k 2022: €451k 2023: €500k

2018 → 2024

Net result

€-77k

2023 · €14k

2018: €57k 2019: €-161k 2020: €4k 2021: €105k 2022: €49k 2023: €14k

2018 → 2024

Working capital

€309k▼ 16.5%

2023 · €370k

2018: €102k 2019: €132k 2020: €152k 2021: €304k 2022: €354k 2023: €370k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-54k-€51k€98k▲ 91.9%€111k▲ 12.9%€34k▼ 69.5%

Operating result€17k-€60k▲ 249%€83k▲ 39.0%€36k▼ 56.9%€-28k

Net result€4k-€105k▲ 2,639%€49k▼ 53.9%€14k▼ 70.5%€-77k

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 turns negative in 2024: a loss of €28k after €36k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €377k

94.9%

Fixed assets €19k▼ 8.5%

Current assets €358k▼ 25.3%

Equity and liabilities €377k

91.0%

Equity €34k▼ 69.5%

Debt €343k▼ 11.8%

The debt ratio rises from 77.8% to 91.0%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-24k▼

2023 · €39k

Cash flow

€-73k▼

2023 · €18k

Solvency

9.0%▼

2023 · 22.2%

Current ratio

7.33▲

2023 · 4.39

Quick ratio

2.85▲

2023 · 2.50

Debt / equity

10.16▲

2023 · 3.51

ROE

-228.4%▼

2023 · 12.9%

ROA

-20.5%▼

2023 · 2.9%

Interest coverage

-0.46▼

2023 · 1.44

Debt

€343k▼

2023 · €389k

Debt ≤ 1 year

€49k▼

2023 · €109k

Debt > 1 year

€294k▲

2023 · €280k

Income taxes

€0▼

2023 · €6k

Staff costs

€32k▲

2023 · €21k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€500k€377k▼

Fixed assets21/28€21k€19k▼

Tangible fixed assets22/27€21k€19k▼

Plant, machinery and equipment23€893€967▲

Other tangible fixed assets26€20k€18k▼

Financial fixed assets28€300€300=

Current assets29/58€479k€358k▼

Amounts receivable after more than one year29€130k€0▼

Other amounts receivable291€130k€0▼

Stocks and contracts in progress3€207k€219k▲

Stocks30/36€207k€219k▲

Amounts receivable within one year40/41€138k€131k▼

Trade receivables40€138k€35k▼

Other amounts receivable41€0€96k▲

Cash at bank and in hand54/58€247€5k▲

Deferred charges and accrued income490/1€4k€3k▼

Equity and liabilities

Total equity and liabilities10/49€500k€377k▼

Equity10/15€111k€34k▼

Contributions10/11€7k€7k=

Reserves13€104k€104k=

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Tax-exempt reserves132€14k€14k=

Distributable reserves133€90k€90k=

Profit (loss) carried forward14€0€-77k▼

Amounts payable17/49€389k€343k▼

Amounts payable after more than one year17€280k€294k▲

Financial debts170/4€280k€294k▲

Amounts payable within one year42/48€109k€49k▼

Current portion of amounts payable after more than one year42-€14k

Trade debts44€4k€5k▲

Suppliers440/4€4k€5k▲

Taxes, remuneration and social security45€52k€30k▼

Taxes450/3€48k€21k▼

Remuneration and social security454/9€5k€9k▲

Other amounts payable47/48€52k€0▼

Income statement Code20232024

Remuneration, social security and pensions62€21k€32k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-10k€17k▲

Other operating charges640/8€3k€1k▼

Gross operating margin9900€52k€26k▼

Operating profit (loss)9901€36k€-28k▼

Financial income75/76B€12k€3k▼

Recurring financial income75€3k€3k▲

Non-recurring financial income76B€9k€0▼

Financial charges65/66B€27k€53k▲

Recurring financial charges65€27k€53k▲

Profit (loss) for the period before taxes9903€21k€-77k▼

Income taxes67/77€6k€0▼

Profit (loss) for the period9904€14k€-77k▼

Profit (loss) for the period to be appropriated9905€14k€-77k▼

Appropriation of the result

Profit (loss) to be appropriated9906€14k€-77k▼

Transfer from equity791/2€2k€0▼

Transfer to equity691/2€14k€0▼

To other reserves6921€14k€0▼

Profit to be distributed694/7€2k€0▼

Return on contributions (dividend)694€2k€0▼

Social balance

Average headcount (FTE)90871.01.0=

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

06-10

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 67 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 31 days late

2023

31-12

Financial Equity above €100kEq €111k ▲12.9%

4 profitable years in a row build equity to €111k.

05-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 66 days late

2022

16-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 16 days late

2021

31-12

Financial Highest result since 2018net €105k ▲2639%

Net result €105k, the highest in the series.

31-12

Financial Liquidity doublescurrent ratio 3.45

Current ratio from 1.44 to 3.45; short-term debt falls from €349k to €124k.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

14-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 45 days late

2019

31-12

Financial Weakest financial yearnet €-161k ▼384%

Net result drops to €-161k, the lowest in the series; recovery starts the following year.

26-03

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

09-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

18-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 322 days late

2016

26-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 87 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

19-01-2024 Resigned as Manager

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2010

establishment The establishment unit on the map

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.

Evergemsesteenweg 659032 Gent

Ground area

1,083 m²

Building footprint

400 m²

Volume, LiDAR