KARDIAM
ActiveSummary
KARDIAM has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-696k) and a net result of €-28k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 19% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▲+19
Solvency18=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.23 against 1.23 in 2023; short-term debt: 70.1% and cash: 0.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-7.2%
Return on assets
-0.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-696k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
26 d late
2022
22 d late
2021
61 d late
2020
61 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-696k▼ 4.2%
2023 · €-668k
2018: €-505khighest in 7 years
2019: €-527k▼ -4.3% vs 2018
2020: €-665k▼ -26.3% vs 2019
2021: €-609k▲ +8.4% vs 2020
2022: €-579k▲ +4.9% vs 2021
2023: €-668k▼ -15.3% vs 2022
2024: €-696k▼ -4.2% vs 2023lowest in 7 years
2018 → 2024
Total assets
€9.64M▲ 4.8%
2023 · €9.20M
2018: €9.15M
2019: €9.25M▲ +1.0% vs 2018
2020: €8.57M▼ -7.4% vs 2019lowest in 7 years
2021: €9.10M▲ +6.2% vs 2020
2022: €9.51M▲ +4.5% vs 2021
2023: €9.20M▼ -3.3% vs 2022
2024: €9.64M▲ +4.8% vs 2023highest in 7 years
2018 → 2024
Net result
€-28k▲ 68.5%
2023 · €-89k
2018: €-15k
2019: €-22k▼ -42.1% vs 2018
2020: €-138k▼ -536% vs 2019lowest in 7 years
2021: €56k▲ +140% vs 2020highest in 7 years
2022: €30k▼ -46.2% vs 2021
2023: €-89k▼ -395% vs 2022
2024: €-28k▲ +68.5% vs 2023
2018 → 2024
Working capital
€1.52M▲ 3.9%
2023 · €1.47M
2018: €1.55Mhighest in 7 years
2019: €1.54M▼ -0.4% vs 2018
2020: €1.42M▼ -7.8% vs 2019lowest in 7 years
2021: €1.49M▲ +5.0% vs 2020
2022: €1.54M▲ +2.9% vs 2021
2023: €1.47M▼ -4.6% vs 2022
2024: €1.52M▲ +3.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-665k-€-609k▲ 8.4%€-579k▲ 4.9%€-668k▼ 15.3%€-696k▼ 4.2%
2020: €-665k
2021: €-609k▲ +8.4% vs 2020
2022: €-579k▲ +4.9% vs 2021highest in 5 years
2023: €-668k▼ -15.3% vs 2022
2024: €-696k▼ -4.2% vs 2023lowest in 5 years
Operating result€-518k-€-381k▲ 26.4%€292k€-255k€-33k▲ 87.1%
2020: €-518klowest in 5 years
2021: €-381k▲ +26.4% vs 2020
2022: €292k▲ +176% vs 2021highest in 5 years
2023: €-255k▼ -187% vs 2022
2024: €-33k▲ +87.1% vs 2023
Net result€-138k-€56k€30k▼ 46.2%€-89k€-28k▲ 68.5%
2020: €-138klowest in 5 years
2021: €56k▲ +140% vs 2020highest in 5 years
2022: €30k▼ -46.2% vs 2021
2023: €-89k▼ -395% vs 2022
2024: €-28k▲ +68.5% vs 2023
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 stays negative: a loss of €33k in 2024 against €255k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.64M
Fixed assets
€1.36M ▼ 0.5%
Current assets
€8.28M ▲ 5.8%
Key figures and ratios
EBITDA
€-26k▲
2023 · €-239k
Cash flow
€-21k▲
2023 · €-73k
Solvency
-7.2%▲
2023 · -7.3%
Current ratio
1.23▼
2023 · 1.23
Quick ratio
0.32▼
2023 · 0.33
Debt to equity
-14.86▼
2023 · -14.77
ROA
-0.3%▲
2023 · -1.0%
Debt
€10.34M▲
2023 · €9.87M
Debt ≤ 1 year
€6.76M▲
2023 · €6.37M
Debt > 1 year
€3.50M=
2023 · €3.50M
Staff costs
€417▼
2023 · €465
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€9.20M€9.64M▲
Fixed assets21/28€1.37M€1.36M▼
Tangible fixed assets22/27€1.23M€1.22M▼
Land and buildings22€1.23M€1.22M▼
Financial fixed assets28€136k€136k=
Current assets29/58€7.83M€8.28M▲
Stocks and contracts in progress3€5.73M€6.09M▲
Stocks30/36€5.73M€6.09M▲
Amounts receivable within one year40/41€2.05M€2.14M▲
Trade receivables40€1.96M€2.08M▲
Other amounts receivable41€94k€61k▼
Cash at bank and in hand54/58€49k€49k▲
Deferred charges and accrued income490/1€72-
Equity and liabilities
Total equity and liabilities10/49€9.20M€9.64M▲
Equity10/15€-668k€-696k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€1.13M€1.13M=
Reserves13€244k€244k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€242k€242k=
Profit (loss) carried forward14€-2.06M€-2.09M▼
Amounts payable17/49€9.87M€10.34M▲
Amounts payable after more than one year17€3.50M€3.50M=
Financial debts170/4€3.50M€3.50M=
Amounts payable within one year42/48€6.37M€6.76M▲
Current portion of amounts payable after more than one year42€4k€4k=
Financial debts43€969k€1.03M▲
Credit institutions430/8€969k€1.03M▲
Trade debts44€5.39M€5.73M▲
Suppliers440/4€5.39M€5.73M▲
Other amounts payable47/48€3k-
Accrued charges and deferred income492/3€2k€81k▲
Income statement
Code20232024
Remuneration, social security and pensions62€465€417▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€7k▼
Other operating charges640/8€6k€436▼
Gross operating margin9900€-233k€-25k▲
Operating profit (loss)9901€-255k€-33k▲
Financial income75/76B€1.68M€5k▼
Recurring financial income75€1.68M€5k▼
Financial charges65/66B€1.51M-
Recurring financial charges65€1.51M-
Profit (loss) for the period before taxes9903€-89k€-28k▲
Profit (loss) for the period9904€-89k€-28k▲
Profit (loss) for the period to be appropriated9905€-89k€-28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.06M€-2.09M▼
Profit (loss) brought forward from the previous period14P€-1.97M€-2.06M▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €69 | €53 | €465 | €417 | ▼ 10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €15k | €15k | €15k | €7k | ▼ 58.0% |
| Other operating charges640/8 | - | €6k | €10k | €6k | €436 | ▼ 92.9% |
| Gross operating margin9900 | €-495k | €-360k | €317k | €-233k | €-25k | ▲ 89.1% |
| Operating profit (loss)9901 | €-518k | €-381k | €292k | €-255k | €-33k | ▲ 87.1% |
| Financial income75/76B | - | €437k | €2.09M | €1.68M | €5k | ▼ 99.7% |
| Recurring financial income75 | €1.75M | €437k | €2.09M | €1.68M | €5k | ▼ 99.7% |
| Financial charges65/66B | - | - | €2.35M | €1.51M | - | - |
| Recurring financial charges65 | €1.37M | - | €2.35M | €1.51M | - | - |
| Profit (loss) for the period before taxes9903 | €-138k | €56k | €30k | €-89k | €-28k | ▲ 68.5% |
| Profit (loss) for the period9904 | €-138k | €56k | €30k | €-89k | €-28k | ▲ 68.5% |
| Profit (loss) for the period to be appropriated9905 | €-138k | €56k | €30k | €-89k | €-28k | ▲ 68.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.57M | €9.10M | €9.51M | €9.20M | €9.64M | ▲ 4.8% |
| Fixed assets21/28 | €1.41M | €1.40M | €1.38M | €1.37M | €1.36M | ▼ 0.5% |
| Tangible fixed assets22/27 | €1.28M | €1.26M | €1.25M | €1.23M | €1.22M | ▼ 0.5% |
| Land and buildings22 | - | €1.26M | €1.25M | €1.23M | €1.22M | ▼ 0.5% |
| Financial fixed assets28 | €136k | €136k | €136k | €136k | €136k | = |
| Current assets29/58 | €7.15M | €7.70M | €8.13M | €7.83M | €8.28M | ▲ 5.8% |
| Stocks and contracts in progress3 | €5.16M | €5.59M | €5.94M | €5.73M | €6.09M | ▲ 6.4% |
| Stocks30/36 | - | €5.59M | €5.94M | €5.73M | €6.09M | ▲ 6.4% |
| Amounts receivable within one year40/41 | €1.94M | €2.05M | €2.14M | €2.05M | €2.14M | ▲ 4.2% |
| Trade receivables40 | - | €1.93M | €2.03M | €1.96M | €2.08M | ▲ 6.1% |
| Other amounts receivable41 | - | €116k | €108k | €94k | €61k | ▼ 35.0% |
| Cash at bank and in hand54/58 | €53k | €59k | €55k | €49k | €49k | ▲ 1.3% |
| Deferred charges and accrued income490/1 | - | €44 | €123 | €72 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.57M | €9.10M | €9.51M | €9.20M | €9.64M | ▲ 4.8% |
| Equity10/15 | €-665k | €-609k | €-579k | €-668k | €-696k | ▼ 4.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | - | €1.13M | €1.13M | €1.13M | €1.13M | = |
| Reserves13 | €244k | €244k | €244k | €244k | €244k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €242k | €242k | €242k | €242k | = |
| Profit (loss) carried forward14 | €-2.05M | €-2.00M | €-1.97M | €-2.06M | €-2.09M | ▼ 1.4% |
| Amounts payable17/49 | €9.23M | €9.71M | €10.09M | €9.87M | €10.34M | ▲ 4.8% |
| Amounts payable after more than one year17 | €3.50M | €3.50M | €3.50M | €3.50M | €3.50M | = |
| Financial debts170/4 | - | €3.50M | €3.50M | €3.50M | €3.50M | = |
| Amounts payable within one year42/48 | €5.73M | €6.21M | €6.59M | €6.37M | €6.76M | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €4k | €4k | = |
| Financial debts43 | - | €945k | €1.00M | €969k | €1.03M | ▲ 6.4% |
| Credit institutions430/8 | - | €945k | €1.00M | €969k | €1.03M | ▲ 6.4% |
| Trade debts44 | €4.85M | €5.25M | €5.58M | €5.39M | €5.73M | ▲ 6.2% |
| Suppliers440/4 | - | €5.25M | €5.58M | €5.39M | €5.73M | ▲ 6.2% |
| Other amounts payable47/48 | - | €5k | €3k | €3k | - | - |
| Accrued charges and deferred income492/3 | - | €1k | - | €2k | €81k | ▲ 3,925% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-138k | €56k | €30k | €-89k | €-28k | ▲ 68.5% |
| + Depreciation and write-downs630 | €16k | €15k | €15k | €15k | €7k | ▼ 58.0% |
| Operating cash flow (approximation) | €-123k | €71k | €45k | €-73k | €-21k | ▲ 70.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6k | €-4k | €-7k | €620 | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Back to profitnet €56k
Net result €56k after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-138k
Net result drops to €-138k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2013
26-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 118 days late
2012
28-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 1987
Ground area
3,046 m²
Building footprint
2,904 m²
Volume, LiDAR
74,659 m³
Parcel 11808H1178/00S008, Flanders · tallest building 46.0 m, ±8 floors. Linked by address, not a title deed.
258
companies at this address
See who is registered here
1 establishment unit
KARDIAM BVBA
since 19872.030.515.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1178/00S008 | Flanders | 3,046 m² | 1 · 2,904 m² | 46.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
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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A.F.P. GROUP
BE 0417.210.064
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A.V. Gumuchdjian
BE 0404.959.954
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Alga Diamond
BE 0411.531.111
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,229 companies in sector 46861 we hold annual accounts for 678. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
Scores and ratios are computed by Checked and are not a credit decision.