KARDELEN
ActiveFor KARDELEN, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €92k and a net result of €6k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 102 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability76▲+69
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 92
Relative position
BE, all sectors
reference
Sector 92
higher
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2023Solvency, return and age of the figures
Solvency
81.2%
Return on assets
5.6%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
68 d late
2022
31 d late
2021
31 d late
2020
90 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€92k▲ 7.4%
2022 · €85k
2018: €16k
2019: €66k
2020: €85k
2021: €95k
2022: €85k
2018 → 2023
Total assets
€113k▲ 13.7%
2022 · €99k
2018: €16k
2019: €97k
2020: €115k
2021: €113k
2022: €99k
2018 → 2023
Net result
€6k
2022 · €-9k
2018: €-3k
2019: €50k
2020: €19k
2021: €9k
2022: €-9k
2018 → 2023
Working capital
€57k▲ 29.3%
2022 · €44k
2019: €51k
2020: €56k
2021: €47k
2022: €44k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€66k-€85k▲ 29.6%€95k▲ 10.8%€85k▼ 9.8%€92k▲ 7.4%
Operating result€74k-€22k▼ 70.8%€10k▼ 55.6%€-9k€12k
Net result€50k-€19k▼ 61.3%€9k▼ 52.5%€-9k€6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €12k after a loss of €9k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €113k
Fixed assets
€35k▼ 15.6%
Current assets
€78k▲ 34.7%
Equity and liabilities €113k
Equity
€92k▲ 7.4%
Debt
€21k▲ 51.9%
The debt ratio rises from 14.0% to 18.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▲
2022 · €-3k
Cash flow
€13k▲
2022 · €-3k
Solvency
81.2%▼
2022 · 86.0%
Current ratio
3.67▼
2022 · 4.14
Quick ratio
3.67▼
2022 · 4.14
Debt / equity
0.23▲
2022 · 0.16
ROE
6.9%▲
2022 · -10.9%
ROA
5.6%▲
2022 · -9.4%
Interest coverage
18.17▲
2022 · -30.04
Debt
€21k▲
2022 · €14k
Debt ≤ 1 year
€21k▲
2022 · €14k
Income taxes
€4k
Staff costs
€2k▼
2022 · €32k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€99k€113k▲
Fixed assets21/28€42k€35k▼
Tangible fixed assets22/27€27k€20k▼
Furniture and vehicles24€2k€831▼
Other tangible fixed assets26€25k€19k▼
Financial fixed assets28€15k€15k=
Current assets29/58€58k€78k▲
Amounts receivable within one year40/41€9k€30k▲
Trade receivables40€9k€30k▲
Cash at bank and in hand54/58€48k€47k▼
Deferred charges and accrued income490/1€668-
Equity and liabilities
Total equity and liabilities10/49€99k€113k▲
Equity10/15€85k€92k▲
Contributions10/11€19k€19k=
Outside capital11-€19k
Other1109/19-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€65k€71k▲
Amounts payable17/49€14k€21k▲
Amounts payable within one year42/48€14k€21k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3-€4k
Remuneration and social security454/9€8k-
Other amounts payable47/48€2k€15k▲
Income statement
Code20222023
Remuneration, social security and pensions62€32k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€5k€4k▼
Gross operating margin9900€34k€24k▼
Operating profit (loss)9901€-9k€12k▲
Financial charges65/66B€90€995▲
Recurring financial charges65€90€995▲
Profit (loss) for the period before taxes9903€-9k€11k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-9k€6k▲
Profit (loss) for the period to be appropriated9905€-9k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€71k▲
Profit (loss) brought forward from the previous period14P€74k€65k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-9k ▼200%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Dendermonde · 1 establishment unit since 2019
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.
Sint-Gillislaan (STG) 1199200 DendermondeGround area
175 m²
Building footprint
175 m²
Volume, LiDAR
2,125 m³
Parcel 42021A0377/00X000, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
OKCIRA
since 20192.285.726.410
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0377/00X000 | Flanders | 175 m² | 1 · 175 m² | 15.3 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 9,050 EUR awarded · 9,050 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 9,050 EUR | 9,050 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
Vlaams beschermingsmechanisme 12 (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteDendermonde2.285.726.410
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Of 506 companies in sector 92000 we hold annual accounts for 303. 214 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2017
Fiscal year end31-12
Activities, NACEBEL
92000Gambling and betting activities
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.