Kadrive
ActiveFrom the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of Kadrive is 1.9% (moderate). The 2025 annual accounts show equity of €310,075 and a net result of €178,997. Equity has been growing by about 117% per year since 2023. Its solvency ranks better than 93% of 5,879 sector peers (NACE 49, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 04-08-2023 Normal situation
- Registered office
- 84 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- Freight transport by road NACE 49410
- Establishment unit
- 2.350.483.214 1081 Koekelberg, since 04-08-2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Turnover
- €705,834
- ▲ 24.1%
- Profit
- €178,997
- ▲ 38.9%
- Equity
- €310,075
- ▲ 137%
- Total assets
- €347,143
- ▲ 98.1%
Score breakdownraises riskFounded in 2023Sector: Land transport and transport via pipelines (NACE 49)Size: turnover €705,834, total assets €347,143lowers riskLiquidity: current ratio 8.31, cash €91,007Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 92% of them on solvency, 86% on liquidity, 94% on profitability and 79% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 97 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 04-04-2026 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 38% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as Kadrive: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €302,000 and €431,000, founded between 2023 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| Kadrive Koekelberg | 2023 | €0.3m | €0.3m | €0.3m | €0.7m | €0.2m | 2025 |
| CORRECT TRANSPORT GROUP Brussel | 2024 | €0.4m | €0.03m | €0.3m | €1.8m | €0.02m | 2026 |
| TOP FACTORY Schaarbeek | 2023 | €0.4m | €0.03m | €0.2m | - | €0.05m | 2025 |
| BMS Anderlecht | 2023 | €0.4m | €0.3m | €0.2m | - | €0.1m | 2025 |
| CORTRANS Tessenderlo-Ham | 2023 | €0.3m | -€0.2m | €0.2m | - | -€0.1m | 2025 |
| AGIRKAYA TRANSPORT Asse | 2023 | €0.3m | -€0.01m | €0.3m | - | -€0.07m | 2025 |
| Karwan Team Antwerpen | 2023 | €0.3m | €0.1m | €0.3m | - | €0.07m | 2025 |
They were chosen from the 7,773 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as Kadrive has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Kadrive itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Kadrive. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | €568,650 | €705,834 | ▲ 24.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €390,384 | €454,812 | ▲ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €170 | €2,000 | €12,732 | ▲ 537% |
| Other operating charges640/8 | - | €389 | €735 | ▲ 88.9% |
| Gross operating margin9900 | -€1,650 | €176,266 | €253,022 | ▲ 43.5% |
| Operating profit (loss)9901 | -€1,820 | €173,877 | €239,555 | ▲ 37.8% |
| Financial charges65/66B | €13 | €1,329 | €1,559 | ▲ 17.3% |
| Recurring financial charges65 | €13 | €1,329 | €1,559 | ▲ 17.3% |
| Profit (loss) for the period before taxes9903 | -€1,833 | €172,548 | €237,996 | ▲ 37.9% |
| Income taxes67/77 | - | €43,637 | €58,999 | ▲ 35.2% |
| Profit (loss) for the period9904 | -€1,833 | €128,911 | €178,997 | ▲ 38.9% |
| Profit (loss) for the period to be appropriated9905 | -€1,833 | €128,911 | €178,997 | ▲ 38.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2,167 | €175,237 | €347,143 | ▲ 98.1% |
| Formation expenses20 | €1,077 | €0 | €0 | - |
| Fixed assets21/28 | - | €8,000 | €38,926 | ▲ 387% |
| Tangible fixed assets22/27 | - | €8,000 | €38,926 | ▲ 387% |
| Plant, machinery and equipment23 | - | €8,000 | €24,522 | ▲ 207% |
| Furniture and vehicles24 | - | - | €14,404 | - |
| Current assets29/58 | €1,090 | €167,237 | €308,217 | ▲ 84.3% |
| Amounts receivable after more than one year29 | - | - | €18,600 | - |
| Trade receivables290 | - | - | €18,600 | - |
| Stocks and contracts in progress3 | - | €25,315 | €38,933 | ▲ 53.8% |
| Stocks30/36 | - | €25,315 | €38,933 | ▲ 53.8% |
| Amounts receivable within one year40/41 | €541 | €91,833 | €150,757 | ▲ 64.2% |
| Trade receivables40 | - | €89,770 | €146,177 | ▲ 62.8% |
| Other amounts receivable41 | €541 | €2,063 | €4,580 | ▲ 122% |
| Cash at bank and in hand54/58 | €549 | €45,156 | €91,007 | ▲ 102% |
| Deferred charges and accrued income490/1 | - | €4,933 | €8,920 | ▲ 80.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2,167 | €175,237 | €347,143 | ▲ 98.1% |
| Equity10/15 | €2,167 | €131,078 | €310,075 | ▲ 137% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€1,833 | €127,078 | €306,075 | ▲ 141% |
| Amounts payable17/49 | - | €44,159 | €37,068 | ▼ 16.1% |
| Amounts payable within one year42/48 | - | €44,159 | €37,068 | ▼ 16.1% |
| Trade debts44 | - | €12,541 | €9,819 | ▼ 21.7% |
| Suppliers440/4 | - | €12,541 | €9,819 | ▼ 21.7% |
| Taxes, remuneration and social security45 | - | €31,618 | €27,249 | ▼ 13.8% |
| Taxes450/3 | - | €31,618 | €27,249 | ▼ 13.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,833 | €128,911 | €178,997 | ▲ 38.9% |
| + Depreciation and write-downs630 | €170 | €2,000 | €12,732 | ▲ 537% |
| Operating cash flow (approximation) | -€1,663 | €130,911 | €191,729 | ▲ 46.5% |
| Investment in fixed assets (approximation) | - | - | -€43,658 | - |
| Change in cash | - | €44,607 | €45,851 | ▲ 2.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- FOUCHALI Mohammed Essadik 100 shares (100%) · €4,000 in cash
Capital transactions
- 08-08-2023 Incorporation · €4,000 · 100 shares
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Chakroun Chiheb |
|
| Fouchali Mohammed |
|
| FOUCHALI Mohammed Essadik |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Assemblée qui nomme, censé sans limitation”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, usufruitier et nu-propriétaire inscrits séparément avec droits respectifs en cas de démembrement en nue-propriété et usufruit”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Actions restantes offertes par priorité aux actionnaires ayant exercé totalité,jusqu’à souscription entière ou renonciation,selon modalités…”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Si aucun autre liquidateur désigné, quelque cause et moment”
Articles of association, deed of 08-08-2023 (in French)
Network & group
Kadrive shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Kadrive. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
04-08
Gazette deed
Resignation: Fouchali Mohammed (director)Appointment: Chakroun Chiheb (manager) · Registered-office move · Share transfer6 points ▸
- General meeting, 30-01-2025
- Director resignation, Fouchali Mohammed (director)
- Director appointment, Chakroun Chiheb (manager)
- Registered-office move, Avenue du Panthéon 88, 1081 Koekelberg
- Share transfer, Fouchali Mohammed → Chakroun Chiheb
- Power of attorney, Chakroun Chiheb
08-08
Gazette deed
IncorporationAppointment: FOUCHALI Mohammed Essadik (director) · Founder · Founding capital12 points ▸
- Incorporation, “Kadrive” (deed in French)
- Founder, FOUCHALI Mohammed Essadik
- Founding capital, €4,000
- Other provision, 31-07-2023
- Other provision, “responsabilité des fondateurs en cas de faillite dans les trois ans si capitaux propres manifestement insuffisants” (deed in French)
- Bank account, “BE53 7330 7435 2853”, 4000 (deed in French)
- Capital
- General meeting, “dispositions finales et transitoires, comparant” (deed in French)
- Registered office clause, “1083 Ganshoren, Avenue Richard Mazza 1” (deed in French)
- Board rule, 1
- Director appointment, FOUCHALI Mohammed Essadik (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements obligations activités des comparants au nom société en formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202514 activities
- L’exploitation de service de transport de personnes par limousine,taxis,d'autobus scolaires,de navettes vers l'aéroport et les gares,le transport de personnel par route occasionnel ou régulier,etcetera,la location d’emplacements pour véhicules automoteurs(parking)
- Toutes activités de transport terrestre,de personnes et de choses,de marchandises,toutes activités relatives à l’organisation et à l’acheminement de transport ainsi qu’à l’acheminement de marchandises importées
- Toutes activités de services de messagerie et de courrier express,ainsi que la gérance dans ces domaines
- L’exploitation d’un service de location de limousines,de voitures avec chauffeur et de sociétés de taxis ainsi que la location de tous types de véhicules
- Toute activité de transport rémunéré de personnes ou de location de véhicules avec chauffeur
- Toute assistance concernant des services de transport on-demand via des appareils mobiles et applications sur le web et services y liés
- L’exploitation d’un service d’autobus ou d’autocars dans le cadre d’activités liées au tourisme
- Agence de voyage
- Hôtellerie et tous services liés au tourisme et au logement
- Intermédiaire dans le cadre de service de l’aviation
- L'achat,la vente,la revente,la location,la sous-location,la transformation,l'aménagement,la rénovation et la gestion pour compte propre,de tous biens immeubles et meubles
- La mise en valeur de tous biens immobiliers et notamment la création de lotissements,et le développement de ceux-ci
- La société peut constituer,développer,promouvoir et gérer un patrimoine immobilier,et réaliser toute opération immobilière et foncière quelconque,y compris celles se rapportant à tous droits réels immobilier comme,entre autres,l'emphytéose,la superficie ou encore le leasing immobilier,le tout dans son acceptation la plus large et notamment:l'acquisition,l'aliénation,l'acte de grever,l'échange,la rénovation,la transformation,l'aménagement,l'entretien,le lotissement,la prospection,l'exploitation,la préparation pour construire,la location(donner ou prendre à bail),la sous-location,la mise à disposition,la gestion et la gérance,dans le sens le plus large,en nom propre et au nom de tiers d'immeubles et de droits réels immobiliers,sans que cette énumération soit limitative,et de biens meubles concernant l'aménagement et l'équipement d'immeubles,sans que cette énumération soit limitative,l'exploitation de commerces et/ou immeubles et droits réels immobiliers,ainsi que tous les actes ayant un rapport direct ou indirect avec cet objet ou qui seraient de nature à favoriser directement ou indirectement le rendement de biens meubles et immeubles
- Elle peut hypothéquer ses immeubles et mettre en gage tous ses autres biens y compris son fonds de commerce
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21011A0040/00A013 | Brussels | 946 m² | 1 · 482 m² | 23.5 m · 7 |