Kandorama
ActiveKandorama has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €321k and a net result of €59k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 1502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
93
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▼-8
Solvency100=
Growth52=
Stability94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 8.65 against 2.55 in 2024), and 7.5% of the assets are financed with debt.
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.5%
Return on assets
17.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-07-2026, 27 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
27 d early
2024
31 d early
2023
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€321k▲ 22.6%
2024 · €262k
2023: €142k
2024: €262k
2023 → 2025
Total assets
€347k▼ 2.2%
2024 · €355k
2023: €261k
2024: €355k
2023 → 2025
Net result
€59k▼ 50.7%
2024 · €120k
2023: €140k
2024: €120k
2023 → 2025
Working capital
€199k▲ 72.1%
2024 · €116k
2023: €92k
2024: €116k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€142k-€262k▲ 84.7%€321k▲ 22.6%
Operating result€203k-€171k▼ 15.8%€83k▼ 51.5%
Net result€140k-€120k▼ 14.0%€59k▼ 50.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 51% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €347k
Fixed assets
€121k▼ 26.0%
Current assets
€226k▲ 18.3%
Equity and liabilities €347k
Equity
€321k▲ 22.6%
Debt
€26k▼ 72.0%
The debt ratio falls from 26.2% to 7.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€147k▼
2024 · €209k
Cash flow
€123k▼
2024 · €159k
Solvency
92.5%▲
2024 · 73.8%
Current ratio
8.65▲
2024 · 2.55
Quick ratio
8.65▲
2024 · 2.55
Debt / equity
0.08▼
2024 · 0.36
ROE
18.5%▼
2024 · 45.9%
ROA
17.1%▼
2024 · 33.8%
Interest coverage
88.48▼
2024 · 91.06
Debt
€26k▼
2024 · €93k
Debt ≤ 1 year
€26k▼
2024 · €75k
Debt > 1 year
€0▼
2024 · €18k
Income taxes
€24k▼
2024 · €49k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€355k€347k▼
Fixed assets21/28€164k€121k▼
Tangible fixed assets22/27€164k€121k▼
Plant, machinery and equipment23€43k€39k▼
Furniture and vehicles24€121k€83k▼
Current assets29/58€191k€226k▲
Amounts receivable within one year40/41€64k€122k▲
Trade receivables40€21k€46k▲
Other amounts receivable41€42k€76k▲
Cash at bank and in hand54/58€127k€98k▼
Deferred charges and accrued income490/1€0€5k▲
Equity and liabilities
Total equity and liabilities10/49€355k€347k▼
Equity10/15€262k€321k▲
Contributions10/11€2k€2k=
Reserves13€260k€319k▲
Distributable reserves133€260k€319k▲
Amounts payable17/49€93k€26k▼
Amounts payable after more than one year17€18k€0▼
Financial debts170/4€18k€0▼
Amounts payable within one year42/48€75k€26k▼
Current portion of amounts payable after more than one year42€21k€21k▼
Trade debts44€54k€2k▼
Suppliers440/4€54k€2k▼
Taxes, remuneration and social security45€0€3k▲
Taxes450/3€0€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€64k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€211k€149k▼
Operating profit (loss)9901€171k€83k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€169k€83k▼
Income taxes67/77€49k€24k▼
Profit (loss) for the period9904€120k€59k▼
Profit (loss) for the period to be appropriated9905€120k€59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€120k€59k▼
Transfer to equity691/2€120k€59k▼
To other reserves6921€120k€59k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €59k ▼50.7%
Net result drops to €59k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 8.65
Current ratio from 2.55 to 8.65; short-term debt falls from €75k to €26k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €262k ▲84.7%
2 profitable years in a row build equity to €262k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2022
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.
Lindestraat 459090 Merelbeke-MelleGround area
2,767 m²
Building footprint
288 m²
Volume, LiDAR
1,905 m³
Parcel 44040C0205/00T003, Flanders · tallest building 16.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kandorama
since 20222.329.242.885
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040C0205/00T003 | Flanders | 2,767 m² | 1 · 288 m² | 16.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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STIJN DE MOOR
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Of 1,060 companies in sector 59120 we hold annual accounts for 451. 309 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2022
Fiscal year end31-12
Activities, NACEBEL
59120Post-production of films, video and television programmes
59114Motion picture, video and television programme production, sound recording and music publishing activities
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.