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KADJ

Active
Private limited companyfounded 2024active for 1 yearMutsaardlaan 73-bA89, 1020 Brussel, Belgium20 active companies are registered at this addressKBO/BCE: BE 1016.367.384
Summary

The computed 12-month bankruptcy probability of KADJ is 1.8% (moderate). The 2025 annual accounts show equity of €71,665 and a net result of €45,340. The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Turnover
≈ €170,000
Estimated: probably between €110,000 and €290,000
Total assets
€93,981▲ 176%
2024 · €34,021
Net result
€45,340▲ 90.3%
2024 · €23,825
Working capital
€70,479▲ 168%
2024 · €26,325
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is 84% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€54,936 2025 Net result€45,340 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€29,895-€54,936▲ 83.8%
Net result€23,825-€45,340▲ 90.3%
Equity€26,325-€71,665▲ 172%
Total assets€34,021-€93,981▲ 176%
Debt€7,696-€22,316▲ 190%
Working capital€26,325-€70,479▲ 168%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,981
Fixed assets €1,186
Current assets €92,795
Equity and liabilities €93,981
Equity €71,665 ▲ 172%
Debt €22,316 ▲ 190%
Debt's share of the balance-sheet total rises from 22.6% to 23.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€55,069
Cash flow
€45,473
Current ratio
4.16▼
2024 · 4.42
Debt to equity
0.31▲
2024 · 0.29
ROE
63.3%▼
2024 · 90.5%
ROA
48.2%▼
2024 · 70.0%
Interest coverage
over 100
Debt ≤ 1 year
€22,316▲
2024 · €7,696
Income taxes
€12,371▲
2024 · €6,127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
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 74.5% 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 11,279 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€34,021€93,981▲
Fixed assets21/28-€1,186
Tangible fixed assets22/27-€1,186
Furniture and vehicles24-€1,186
Current assets29/58€34,021€92,795▲
Amounts receivable within one year40/41€29,553€83,815▲
Trade receivables40€2,065€7,208▲
Other amounts receivable41€27,488€76,607▲
Cash at bank and in hand54/58€4,469€8,650▲
Deferred charges and accrued income490/1-€330
Equity and liabilities
Total equity and liabilities10/49€34,021€93,981▲
Equity10/15€26,325€71,665▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€23,825€69,165▲
Amounts payable17/49€7,696€22,316▲
Amounts payable within one year42/48€7,696€22,316▲
Trade debts44€1,569€3,817▲
Suppliers440/4€1,569€3,817▲
Taxes, remuneration and social security45€6,127€18,499▲
Taxes450/3€6,127€18,499▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€133
Gross operating margin9900€29,895€55,069▲
Operating profit (loss)9901€29,895€54,936▲
Financial income75/76B€71€2,820▲
Recurring financial income75€71€2,820▲
Financial charges65/66B€14€45▲
Recurring financial charges65€14€45▲
Profit (loss) for the period before taxes9903€29,953€57,711▲
Income taxes67/77€6,127€12,371▲
Profit (loss) for the period9904€23,825€45,340▲
Profit (loss) for the period to be appropriated9905€23,825€45,340▲
Appropriation of the result
Profit (loss) to be appropriated9906€23,825€69,165▲
Profit (loss) brought forward from the previous period14P-€23,825

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€133-
Gross operating margin9900€29,895€55,069▲ 84.2%
Operating profit (loss)9901€29,895€54,936▲ 83.8%
Financial income75/76B€71€2,820▲ 40×
Recurring financial income75€71€2,820▲ 40×
Financial charges65/66B€14€45▲ 227%
Recurring financial charges65€14€45▲ 227%
Profit (loss) for the period before taxes9903€29,953€57,711▲ 92.7%
Income taxes67/77€6,127€12,371▲ 102%
Profit (loss) for the period9904€23,825€45,340▲ 90.3%
Profit (loss) for the period to be appropriated9905€23,825€45,340▲ 90.3%
Line20242025Change
Assets
Total assets20/58€34,021€93,981▲ 176%
Fixed assets21/28-€1,186-
Tangible fixed assets22/27-€1,186-
Furniture and vehicles24-€1,186-
Current assets29/58€34,021€92,795▲ 173%
Amounts receivable within one year40/41€29,553€83,815▲ 184%
Trade receivables40€2,065€7,208▲ 249%
Other amounts receivable41€27,488€76,607▲ 179%
Cash at bank and in hand54/58€4,469€8,650▲ 93.6%
Deferred charges and accrued income490/1-€330-
Equity and liabilities
Total equity and liabilities10/49€34,021€93,981▲ 176%
Equity10/15€26,325€71,665▲ 172%
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€23,825€69,165▲ 190%
Amounts payable17/49€7,696€22,316▲ 190%
Amounts payable within one year42/48€7,696€22,316▲ 190%
Trade debts44€1,569€3,817▲ 143%
Suppliers440/4€1,569€3,817▲ 143%
Taxes, remuneration and social security45€6,127€18,499▲ 202%
Taxes450/3€6,127€18,499▲ 202%
Line20242025Change
Profit (loss) for the period9904€23,825€45,340▲ 90.3%
+ Depreciation and write-downs630-€133-
Operating cash flow (approximation)€23,825€45,473▲ 90.9%
Change in cash-€4,181-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 15-07-2026 2026-00294182
31-12-2024 micro format 12-12-2025 2025-00580409

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.