Financials
- Fiscal year
- 2025
- Turnover
- €16.0m
- Loss
- -€893,387
- Solvency
- -63.0%
Turnover▲ 8,771%
Net result
20182025
KADONATION
ActiveSummary
KADONATION has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3.6m) and a net result of -€893,387. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 1599 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Activity
Computer consultancy and computer facilities management
NACE 62200IT consultancy NACE 62020Computing infrastructure, data processing, hosting and related activities NACE 63100
#10 company by staff growth in Ghent, Telecoms and IT sector1 site
Size
€16.0mturnover 2025
- Staff
- 26.2 FTE
- Equity
- -€3.6m
- Loss
- -€893,387
Structure
Accounts 1 d early1 of 13 deeds read
Why 53Capped at 59: negative equity- Negative equity -€3.6m- Loss of €893,387, the second in a row (FY 2025)+ Sector Computer programming, consultancy and related activities (NACE 62)+ Liquidity: current ratio 0.35, cash €1.0mShow the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 10% of its sector peers (NACE 62, small)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -63.0% of total assets
Liquidity
23-5
short-term debt 162.8% · cash 18.5%
Profitability
5+1
return on assets -15.8%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%lowest value
12-2024: 0.6%▲ +1.9% vs 11-2024
01-2025: 0.7%▲ +4.8% vs 12-2024
02-2025: 0.7%● 0.0% vs 01-2025
03-2025: 0.7%● 0.0% vs 02-2025
04-2025: 0.7%▲ +6.2% vs 03-2025
05-2025: 0.7%▲ +1.9% vs 04-2025
06-2025: 0.7%▼ -2.5% vs 05-2025
07-2025: 0.7%● 0.0% vs 06-2025
08-2025: 0.7%▲ +1.0% vs 07-2025
09-2025: 0.8%▲ +8.0% vs 08-2025
10-2025: 0.9%▲ +9.9% vs 09-2025
11-2025: 1.1%▲ +27.3% vs 10-2025highest value
12-2025: 0.9%▼ -13.8% vs 11-2025
01-2026: 0.9%● 0.0% vs 12-2025
02-2026: 0.9%● 0.0% vs 01-2026
03-2026: 0.9%● 0.0% vs 02-2026
04-2026: 0.9%● 0.0% vs 03-2026
05-2026: 0.9%▲ +1.0% vs 04-2026
06-2026: 0.9%▼ -2.2% vs 05-2026
07-2026: 0.9%● 0.0% vs 06-2026
08-2026: 0.9%▲ +0.3% vs 07-2026
09-2026: 1.0%▲ +2.7% vs 08-2026
10-2026: 1.0%▲ +5.9% vs 09-2026
- Negative equity -€3.6m raises the probability
- Loss of €893,387, the second in a row (FY 2025) raises the probability
- Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
- Liquidity: current ratio 0.35, cash €1.0m lowers the probability
No credit on open account
Liquidity short (current ratio 0.35 against 0.7 in 2024; short-term debt: 162.8% and cash: 18.5% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, small). Better than this share of them on solvency 3%, liquidity 17%, profitability 9%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year -€3.6m
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
13 d early
2023
1 d early
2022
11 d early
2021
16 d early
2019
10 d late
2018
8 d early
← 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 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 20 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close03-10-2026 today31-10-2026 deadline
- Resignations: KWOKKA (director) and SMILEMORE (managing…Permanent representatives: Sven DE LANGHE…
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€3.6m View
- Risk: 7 loss-making years in a rowloss fiscal year 2025 -€893,387 View
- Caution: Among the weakest 5% on net resultsector median €37,694 · 1,599 companies -€893,387 View
- Directors leftlatest change 19-12-2025 · 0 in office 2 left View
- Caution: Equity fell in 2025from -€2.7m to -€3.6m ▼ 33.4% View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
By topic
Timeline
- Events
- 11
- Since
- 2018
- Next accounts
- by 31-10-2026
- 02-03-2026Resignations: KWOKKA (director) and SMILEMORE (managing director)
- 30-10-2025Annual accounts filed
- 18-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Founded
- 30-11-2016
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
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