KADO'LINE

Active

Private limited companyfounded 20179 yrs activeRue Albert 11, 4720 Kelmis, BelgiumKBO/BCE: BE 0669.864.083

KADO'LINE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65k and a net result of €12k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 26056 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

91 / 100

Excellent▲ +15 vs 2023

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

Axes · tick = 2023

Profitability88▲+6

Solvency96▲+18

Growth78=

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 2.01 against 1.71 in 2023), and 50% 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

Five signals. The signal on the left, the evidence on the right.

+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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

50%

Return on assets

8.8%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

34 d early

2023

41 d early

2022

40 d early

2021

34 d early

2020

6 d late

2019

53 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, micro schema

Equity

€65k▲ 21.3%

2023 · €54k

2018: €15k 2019: €9k 2020: €22k 2021: €40k 2022: €48k 2023: €54k

2018 → 2024

Total assets

€131k▼ 1.3%

2023 · €133k

2018: €50k 2019: €94k 2020: €117k 2021: €132k 2022: €151k 2023: €133k

2018 → 2024

Net result

€12k▲ 29.5%

2023 · €9k

2018: €4k 2019: €-6k 2020: €13k 2021: €30k 2022: €9k 2023: €9k

2018 → 2024

Working capital

€36k▲ 6.6%

2023 · €34k

2018: €6k 2019: €19k 2020: €19k 2021: €22k 2022: €21k 2023: €34k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€22k-€40k▲ 80.6%€48k▲ 20.9%€54k▲ 12.7%€65k▲ 21.3%

Operating result€15k-€37k▲ 147%€13k▼ 65.9%€14k▲ 9.0%€-824

Net result€13k-€30k▲ 126%€9k▼ 69.5%€9k▼ 1.9%€12k▲ 29.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €824 after €14k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €131k

45.4%

54.6%

Fixed assets €59k▲ 15.4%

Current assets €71k▼ 12.0%

Equity and liabilities €131k

50.0%

47.7%

Equity €65k▲ 21.3%

Provisions €3k

Debt €62k▼ 20.7%

The debt ratio falls from 59.3% to 47.7%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€14k▼

2023 · €32k

Cash flow

€26k▼

2023 · €27k

Solvency

50.0%▲

2023 · 40.7%

Current ratio

2.01▲

2023 · 1.71

Quick ratio

0.16▲

2023 · 0.12

Debt / equity

0.95▼

2023 · 1.46

ROE

17.6%▲

2023 · 16.5%

ROA

8.8%▲

2023 · 6.7%

Interest coverage

4.00▼

2023 · 13.28

Debt

€62k▼

2023 · €79k

Debt ≤ 1 year

€36k▼

2023 · €48k

Debt > 1 year

€27k▼

2023 · €31k

Staff costs

€23k▲

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€133k€131k▼

Fixed assets21/28€52k€59k▲

Intangible fixed assets21€2k€1k▼

Tangible fixed assets22/27€50k€58k▲

Plant, machinery and equipment23€6k€5k▼

Furniture and vehicles24€10k€8k▼

Leasing and similar rights25€26k€39k▲

Other tangible fixed assets26€8k€7k▼

Current assets29/58€81k€71k▼

Stocks and contracts in progress3€75k€66k▼

Stocks30/36€75k€66k▼

Amounts receivable within one year40/41€2k€683▼

Trade receivables40€2k€327▼

Other amounts receivable41€225€356▲

Current investments50/53€1k€3k▲

Cash at bank and in hand54/58€2k€762▼

Deferred charges and accrued income490/1€344€817▲

Equity and liabilities

Total equity and liabilities10/49€133k€131k▼

Equity10/15€54k€65k▲

Contributions10/11€11k€11k=

Reserves13€43k€55k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Tax-exempt reserves132-€12k

Distributable reserves133€41k€41k=

Profit (loss) carried forward14-€-454

Provisions and deferred taxes16-€3k

Deferred taxes168-€3k

Amounts payable17/49€79k€62k▼

Amounts payable after more than one year17€31k€27k▼

Financial debts170/4€31k€27k▼

Amounts payable within one year42/48€48k€36k▼

Current portion of amounts payable after more than one year42€22k€14k▼

Trade debts44€8k€8k▼

Suppliers440/4€8k€8k▼

Taxes, remuneration and social security45€13k€11k▼

Taxes450/3€9k€7k▼

Remuneration and social security454/9€4k€4k▲

Other amounts payable47/48€5k€2k▼

Accrued charges and deferred income492/3€9€8▼

Income statement Code20232024

Remuneration, social security and pensions62€21k€23k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€15k▼

Other operating charges640/8€128€151▲

Gross operating margin9900€53k€37k▼

Operating profit (loss)9901€14k€-824▼

Financial income75/76B€1k€19k▲

Recurring financial income75€1k€1k▼

Non-recurring financial income76B-€18k

Financial charges65/66B€2k€3k▲

Recurring financial charges65€2k€3k▲

Profit (loss) for the period before taxes9903€12k€15k▲

Transfer from deferred taxes780-€554

Transfer to deferred taxes680-€4k

Income taxes67/77€4k-

Profit (loss) for the period9904€9k€12k▲

Transfer from tax-exempt reserves789-€2k

Transfer to tax-exempt reserves689-€14k

Profit (loss) for the period to be appropriated9905€9k€-454▼

Appropriation of the result

Profit (loss) to be appropriated9906€9k€-454▼

Transfer from equity791/2€2k-

Transfer to equity691/2€8k-

To other reserves6921€8k-

Profit to be distributed694/7€3k-

Return on contributions (dividend)694€3k-

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 3Gazette 1Filings 8

2026

30-03

State Gazette act Registered office · Statutes amendment

General meeting · Director resignation · Director appointment8 facts ▸

General meeting, 23 mars 2026
Director resignation, BUSSE, Christian (administrateur statutaire de remplacement)
Director resignation, SCHILLINGS, Céline Joelle (administratrice statutaire)
Director appointment, SCHILLINGS, Céline Joelle (administratrice non statutaire)
Mandate compensation, SCHILLINGS, Céline Joelle
Registered-office move, 4720 La Calamine, Rue Albert 11A
Statutes amendment
Statutes amendment

2025

27-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

20-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

21-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

27-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €30k ▲126%

Operating result €37k, net result €30k, both a record.

06-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 6 days late

2020

31-12

Financial Back to profitnet €13k

Net result €13k after one loss-making year.

22-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 53 days late

2019

31-12

Financial Weakest financial yearnet €-6k ▼271%

Net result drops to €-6k, the lowest in the series; recovery starts the following year.

08-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

27-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 27 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

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.

30-03-2026 BUSSE, Christian: Resigned as Administrateur statutaire de remplacement

30-03-2026 SCHILLINGS, Céline Joelle: Resigned as Administratrice statutaire

23-03-2026 SCHILLINGS, Céline Joelle: Appointed as Administratrice non statutaire

Location & real-estate footprint

Registered office, Kelmis · 1 establishment unit since 2017

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.

Rue Albert 114720 Kelmis

Ground area

149 m²

Building footprint