CADAX

Active

Private limited companyfounded 20179 yrs activeRue Haute 51A, 1330 Rixensart, BelgiumKBO/BCE: BE 0678.794.419

Summary

CADAX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.52M and a net result of €837k. Equity is growing by ~74.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

97 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €140k at 30 days acceptable

Liquidity ample (current ratio 34.99 against 7.36 in 2023; short-term debt: 2.1% and cash: 29.3% of total assets), and 7.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

92.7%

Return on assets

50.9%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

34 d early

2023

41 d early

2022

8 d late

2021

23 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€1.52M▲ 122%

2023 · €686k

2021: €264k 2022: €450k 2023: €686k

2021 → 2024

Total assets

€1.64M▲ 91.5%

2023 · €859k

2021: €506k 2022: €655k 2023: €859k

2021 → 2024

Net result

€837k▲ 214%

2023 · €267k

2021: €230k 2022: €185k 2023: €267k

2021 → 2024

Working capital

€1.19M▲ 189%

2023 · €412k

2021: €40k 2022: €197k 2023: €412k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€264k-€450k▲ 70.1%€686k▲ 52.7%€1.52M▲ 122%

Operating result€43k-€37k▼ 14.7%€58k▲ 57.0%€51k▼ 11.8%

Net result€230k-€185k▼ 19.6%€267k▲ 44.1%€837k▲ 214%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 12% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.64M

25.4%

74.6%

Fixed assets €417k ▲ 9.3%

Current assets €1.23M ▲ 157%

Equity and liabilities €1.64M

92.7%

Equity €1.52M ▲ 122%

Debt €120k ▼ 30.3%

Debt's share of the balance-sheet total falls from 20.1% to 7.3%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€55k▼

2023 · €62k

Cash flow

€842k▲

2023 · €271k

Current ratio

34.99▲

2023 · 7.36

Debt to equity

0.08▼

2023 · 0.25

ROE

55.0%▲

2023 · 38.9%

ROA

50.9%▲

2023 · 31.1%

Interest coverage

10.45▼

2023 · 10.89

Debt ≤ 1 year

€35k▼

2023 · €65k

Debt > 1 year

€85k▼

2023 · €107k

Income taxes

€21k▼

2023 · €28k

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 · 49 lines

Balance sheet Code20232024

Assets

Total assets20/58€859k€1.64M▲

Fixed assets21/28€381k€417k▲

Tangible fixed assets22/27€16k€23k▲

Furniture and vehicles24€9k€15k▲

Other tangible fixed assets26€7k€7k▲

Financial fixed assets28€365k€394k▲

Current assets29/58€477k€1.23M▲

Amounts receivable after more than one year29€193k€93k▼

Other amounts receivable291€193k€93k▼

Amounts receivable within one year40/41€159k€650k▲

Trade receivables40€21k-

Other amounts receivable41€137k€650k▲

Cash at bank and in hand54/58€124k€482k▲

Deferred charges and accrued income490/1€1k€2k▲

Equity and liabilities

Total equity and liabilities10/49€859k€1.64M▲

Equity10/15€686k€1.52M▲

Contributions10/11€10k€10k=

Reserves13€313k€313k=

Distributable reserves133€313k€313k=

Profit (loss) carried forward14€363k€1.20M▲

Amounts payable17/49€172k€120k▼

Amounts payable after more than one year17€107k€85k▼

Financial debts170/4€107k€85k▼

Amounts payable within one year42/48€65k€35k▼

Current portion of amounts payable after more than one year42€22k€22k▲

Trade debts44€3k€1k▼

Suppliers440/4€3k€1k▼

Taxes, remuneration and social security45€35k€11k▼

Taxes450/3€35k€11k▼

Other amounts payable47/48€5k-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲

Other operating charges640/8€8k€3k▼

Non-recurring operating charges66A€1k€322▼

Gross operating margin9900€71k€59k▼

Operating profit (loss)9901€58k€51k▼

Financial income75/76B€243k€813k▲

Recurring financial income75€243k€813k▲

Financial charges65/66B€6k€5k▼

Recurring financial charges65€6k€5k▼

Profit (loss) for the period before taxes9903€295k€858k▲

Income taxes67/77€28k€21k▼

Profit (loss) for the period9904€267k€837k▲

Profit (loss) for the period to be appropriated9905€267k€837k▲

Appropriation of the result

Profit (loss) to be appropriated9906€493k€1.20M▲

Profit (loss) brought forward from the previous period14P€227k€363k▲

Transfer to equity691/2€100k-

To other reserves6921€100k-

Profit to be distributed694/7€30k-

Return on contributions (dividend)694€30k-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 7Filings 4

2025

27-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2021net €837k ▲214%

Net result €837k, the highest in the series.

31-12

Financial Liquidity times 5current ratio 34.99

Current ratio from 7.36 to 34.99; short-term debt falls from €65k to €35k.

31-12

Financial Equity above €1MEq €1.52M ▲122%

4 profitable years in a row build equity to €1.52M.

20-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity doublescurrent ratio 7.36

Current ratio from 3.59 to 7.36; short-term debt falls from €76k to €65k.

31-12

Financial Equity above €500kEq €686k ▲52.7%

3 profitable years in a row build equity to €686k.

08-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 8 days late

2022

31-12

Financial Weakest financial yearnet €185k ▼19.6%

Net result drops to €185k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity doublescurrent ratio 3.59

Current ratio from 1.43 to 3.59; short-term debt falls from €91k to €76k.

23-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 23 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Rixensart · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Rue Haute 51A1330 Rixensart

Ground area

7,094 m²

Building footprint

5,532 m²

Volume, LiDAR

48,517 m³

2 parcels, Brussels, Wallonia · tallest building 25.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

CADAX

L. Mommaertslaan 14-18, 1140 EvereHoldings

since 20172.266.154.976

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21372C0121/00X004	Brussels	4,379 m²	1 · 5,258 m²	15.8 m · 3 fl.
25091D0801/00F000	Wallonia	2,715 m²	1 · 274 m²	25.9 m · 3 fl.

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.

Similar companies · same sector, comparable size

DE BOER & PARTNERS ANTWERPEN

BE 0456.641.356

Antwerpen · Eq €1,523,914

Brussel · Eq €1,524,388

HANS CARPELS

BE 0872.938.929

Schilde · Eq €1,522,999

DEWEER INVEST

BE 0844.731.428

Deerlijk · Eq €1,524,641

Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 23,201 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-07-2017

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

64210Activities of holding companies

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.