Kardan
ActiveKardan has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €166k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 32% of 13061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency17▼-82
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.96 against 2.38 in 2024), and 90.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
9.5%
Return on assets
76.9%
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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
44 d early
2023
84 d early
2022
122 d early
2021
48 d early
2020
52 d early
2019
37 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
€20k▼ 84.7%
2024 · €134k
2018: €50k
2019: €50k
2020: €50k
2021: €50k
2022: €20k
2023: €20k
2024: €134k
2018 → 2025
Total assets
€216k▼ 1.4%
2024 · €219k
2018: €247k
2019: €170k
2020: €158k
2021: €172k
2022: €234k
2023: €265k
2024: €219k
2018 → 2025
Net result
€166k▼ 4.0%
2024 · €173k
2018: €108k
2019: €75k
2020: €57k
2021: €66k
2022: €152k
2023: €221k
2024: €173k
2018 → 2025
Working capital
€-8k
2024 · €118k
2018: €25k
2019: €34k
2020: €41k
2021: €44k
2022: €13k
2023: €10k
2024: €118k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€20k▼ 59.4%€20k=€134k▲ 554%€20k▼ 84.7%
Operating result€73k-€203k▲ 177%€298k▲ 46.8%€235k▼ 21.3%€224k▼ 4.4%
Net result€66k-€152k▲ 129%€221k▲ 45.2%€173k▼ 21.4%€166k▼ 4.0%
Turnover and EBIT margin not published: the abbreviated or 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 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216k
Fixed assets
€29k▲ 85.8%
Current assets
€188k▼ 8.0%
Equity and liabilities €216k
Equity
€20k▼ 84.7%
Debt
€196k▲ 129%
The debt ratio rises from 39.0% to 90.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€230k▼
2024 · €238k
Cash flow
€172k▼
2024 · €177k
Solvency
9.5%▼
2024 · 61.0%
Current ratio
0.96▼
2024 · 2.38
Quick ratio
0.88▼
2024 · 2.18
Debt / equity
9.58▲
2024 · 0.64
ROE
813.5%▲
2024 · 129.6%
ROA
76.9%▼
2024 · 79.0%
Interest coverage
27.32▼
2024 · 28.61
Debt
€196k▲
2024 · €86k
Debt ≤ 1 year
€196k▲
2024 · €86k
Income taxes
€50k▼
2024 · €54k
Staff costs
€374k▲
2024 · €356k
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€219k€216k▼
Fixed assets21/28€15k€29k▲
Tangible fixed assets22/27€12k€25k▲
Plant, machinery and equipment23€5k€11k▲
Furniture and vehicles24€6k€14k▲
Financial fixed assets28€4k€4k▲
Current assets29/58€204k€188k▼
Stocks and contracts in progress3€17k€14k▼
Stocks30/36€17k€14k▼
Amounts receivable within one year40/41€5k€8k▲
Trade receivables40€1k€3k▲
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€178k€162k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€219k€216k▼
Equity10/15€134k€20k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€113k-
Amounts payable17/49€86k€196k▲
Amounts payable within one year42/48€86k€196k▲
Trade debts44€36k€31k▼
Suppliers440/4€36k€31k▼
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€47k€59k▲
Taxes450/3€26k€31k▲
Remuneration and social security454/9€21k€27k▲
Other amounts payable47/48-€106k
Income statement
Code20242025
Remuneration, social security and pensions62€356k€374k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€344€565▲
Gross operating margin9900€594k€605k▲
Operating profit (loss)9901€235k€224k▼
Financial income75/76B€560€659▲
Recurring financial income75€560€659▲
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€227k€217k▼
Income taxes67/77€54k€50k▼
Profit (loss) for the period9904€173k€166k▼
Profit (loss) for the period to be appropriated9905€173k€166k▼
Appropriation of the result
Profit (loss) to be appropriated9906€173k€280k▲
Profit (loss) brought forward from the previous period14P-€113k
Profit to be distributed694/7€60k€280k▲
Return on contributions (dividend)694€60k€280k▲
The notes to these accounts (11 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.38
Current ratio from 1.04 to 2.38; short-term debt falls from €245k to €86k.
31-12
Financial
Equity above €100kEq €134k ▲554%
7 profitable years in a row build equity to €134k.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €221k ▲45.2%
Operating result €298k, net result €221k, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €57k ▼24.1%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 directors, no change since 2024
Stijn Philips
CurrentDirector · since 10-01-2024
DE VOS, Karel Edmond
CurrentDirector · since 14-11-2023
Vancaldenhoven Kevin
CurrentDirector (executive) · since 14-11-2023
VANCALDENHOVEN, Daniel Marcel Louis
CurrentDirector · since 14-11-2023
10-01-2024
Stijn Philips: Appointed as Director
10-01-2024
Daniel Vancaldenhoven: Resigned as Director
14-11-2023
DE VOS, Karel Edmond: Appointed as Director
14-11-2023
Vancaldenhoven Kevin: Appointed as Director (executive)
14-11-2023
VANCALDENHOVEN, Daniel Marcel Louis: Appointed as Director
Location & real-estate footprint
Registered office, Tervuren · 1 establishment unit since 2016
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.
Vlierboomstraat 633080 TervurenGround area
8,317 m²
Building footprint
1,972 m²
Volume, LiDAR
8,577 m³
2 parcels, Flanders · tallest building 55.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Foyer Warandepoort
since 20162.247.596.403
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24104E0008/00S000 | Flanders | 8,043 m² | 1 · 1,896 m² | 55.2 m · 1 fl. |
| 24302F0027/00W004 | Flanders | 275 m² | 1 · 76 m² | 5.8 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteTervuren2.247.596.403
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TER WIT
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Ledegem · Eq €20k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,312. 8,718 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-11-2015
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.