KADET
ActiveSummary
KADET has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-120k) and a net result of €-1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▲+35
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.06 in 2024; short-term debt: 507.9% and cash: 52.3% 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
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 2025Solvency, return and age of the figures
Solvency
-409.7%
Return on assets
-4.4%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-120k
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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
31 d early
2023
30 d late
2022
141 d late
2021
25 d late
2020
10 d early
2019
42 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-120k▼ 1.1%
2024 · €-119k
2018: €5k
2019: €34k▲ +550% vs 2018
2020: €94k▲ +177% vs 2019highest in 8 years
2021: €92k▼ -2.0% vs 2020
2022: €85k▼ -8.2% vs 2021
2023: €-58k▼ -168% vs 2022
2024: €-119k▼ -107% vs 2023
2025: €-120k▼ -1.1% vs 2024lowest in 8 years
2018 → 2025
Total assets
€29k▲ 11.6%
2024 · €26k
2018: €213k
2019: €180k▼ -15.7% vs 2018
2020: €212k▲ +18.2% vs 2019
2021: €241k▲ +13.3% vs 2020
2022: €262k▲ +8.8% vs 2021highest in 8 years
2023: €86k▼ -67.0% vs 2022
2024: €26k▼ -69.6% vs 2023lowest in 8 years
2025: €29k▲ +11.6% vs 2024
2018 → 2025
Net result
€-1k▲ 97.9%
2024 · €-61k
2018: €-6k
2019: €29k▲ +606% vs 2018
2020: €60k▲ +109% vs 2019highest in 8 years
2021: €-2k▼ -103% vs 2020
2022: €-8k▼ -303% vs 2021
2023: €-142k▼ -1780% vs 2022lowest in 8 years
2024: €-61k▲ +56.8% vs 2023
2025: €-1k▲ +97.9% vs 2024
2018 → 2025
Working capital
€-127k▲ 6.3%
2024 · €-136k
2018: €49k
2019: €30k▼ -39.8% vs 2018
2020: €77k▲ +161% vs 2019highest in 8 years
2021: €69k▼ -11.3% vs 2020
2022: €60k▼ -12.2% vs 2021
2023: €-75k▼ -224% vs 2022
2024: €-136k▼ -82.2% vs 2023lowest in 8 years
2025: €-127k▲ +6.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€92k-€85k▼ 8.2%€-58k€-119k▼ 107%€-120k▼ 1.1%
2021: €92khighest in 5 years
2022: €85k▼ -8.2% vs 2021
2023: €-58k▼ -168% vs 2022
2024: €-119k▼ -107% vs 2023
2025: €-120k▼ -1.1% vs 2024lowest in 5 years
Operating result€7k-€-2k€-131k▼ 5,904%€-56k▲ 57.5%€754
2021: €7khighest in 5 years
2022: €-2k▼ -132% vs 2021
2023: €-131k▼ -5904% vs 2022lowest in 5 years
2024: €-56k▲ +57.5% vs 2023
2025: €754▲ +101% vs 2024
Net result€-2k-€-8k▼ 303%€-142k▼ 1,780%€-61k▲ 56.8%€-1k▲ 97.9%
2021: €-2k
2022: €-8k▼ -303% vs 2021
2023: €-142k▼ -1780% vs 2022lowest in 5 years
2024: €-61k▲ +56.8% vs 2023
2025: €-1k▲ +97.9% vs 2024highest in 5 years
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 returns to profit in 2025: €754 after a loss of €56k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29k
Fixed assets
€7k ▼ 60.3%
Current assets
€22k ▲ 177%
Key figures and ratios
EBITDA
€5k▲
2024 · €-48k
Cash flow
€3k▲
2024 · €-54k
Solvency
-409.7%▲
2024 · -452.4%
Current ratio
0.15▲
2024 · 0.06
Debt to equity
-1.24▼
2024 · -1.22
ROA
-4.4%▲
2024 · -233.6%
Interest coverage
2.64▲
2024 · -8.16
Debt
€150k▲
2024 · €145k
Debt ≤ 1 year
€149k▲
2024 · €144k
Income taxes
€135
Staff costs
€958▼
2024 · €10k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€26k€29k▲
Fixed assets21/28€18k€7k▼
Tangible fixed assets22/27€18k€7k▼
Land and buildings22€701€467▼
Plant, machinery and equipment23€12k€6k▼
Furniture and vehicles24€5k€418▼
Current assets29/58€8k€22k▲
Amounts receivable within one year40/41€3k€7k▲
Trade receivables40-€3k
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€4k€15k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€26k€29k▲
Equity10/15€-119k€-120k▼
Contributions10/11€19k€19k=
Reserves13€66k€66k=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€-204k€-205k▼
Amounts payable17/49€145k€150k▲
Amounts payable within one year42/48€144k€149k▲
Financial debts43€50k-
Credit institutions430/8€50k-
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€559€135▼
Taxes450/3€559€135▼
Other amounts payable47/48€90k€147k▲
Accrued charges and deferred income492/3€2k€538▼
Income statement
Code20242025
Remuneration, social security and pensions62€10k€958▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-36k€7k▲
Operating profit (loss)9901€-56k€754▲
Financial income75/76B€1€3▲
Recurring financial income75€1€3▲
Financial charges65/66B€6k€2k▼
Recurring financial charges65€6k€2k▼
Profit (loss) for the period before taxes9903€-61k€-1k▲
Income taxes67/77-€135
Profit (loss) for the period9904€-61k€-1k▲
Profit (loss) for the period to be appropriated9905€-61k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-204k€-205k▼
Profit (loss) brought forward from the previous period14P€-142k€-204k▼
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €82k | €85k | €86k | €10k | €958 | ▼ 90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €11k | €8k | €7k | €4k | ▼ 41.9% |
| Other operating charges640/8 | €621 | €2k | €2k | €2k | €1k | ▼ 23.9% |
| Gross operating margin9900 | €99k | €96k | €-36k | €-36k | €7k | ▲ 121% |
| Operating profit (loss)9901 | €7k | €-2k | €-131k | €-56k | €754 | ▲ 101% |
| Financial income75/76B | €3k | €654 | €2k | €1 | €3 | ▲ 384% |
| Recurring financial income75 | €3k | €654 | €2k | €1 | €3 | ▲ 384% |
| Financial charges65/66B | €7k | €6k | €11k | €6k | €2k | ▼ 67.7% |
| Recurring financial charges65 | €6k | €6k | €11k | €6k | €2k | ▼ 67.7% |
| Non-recurring financial charges66B | €2k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2k | €-8k | €-140k | €-61k | €-1k | ▲ 98.1% |
| Income taxes67/77 | €4k | - | €2k | - | €135 | - |
| Profit (loss) for the period9904 | €-2k | €-8k | €-142k | €-61k | €-1k | ▲ 97.9% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-8k | €-142k | €-61k | €-1k | ▲ 97.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €241k | €262k | €86k | €26k | €29k | ▲ 11.6% |
| Fixed assets21/28 | €27k | €25k | €17k | €18k | €7k | ▼ 60.3% |
| Tangible fixed assets22/27 | €27k | €25k | €17k | €18k | €7k | ▼ 60.3% |
| Land and buildings22 | €1k | €1k | €935 | €701 | €467 | ▼ 33.3% |
| Plant, machinery and equipment23 | €8k | €10k | €7k | €12k | €6k | ▼ 48.2% |
| Furniture and vehicles24 | €18k | €14k | €9k | €5k | €418 | ▼ 92.1% |
| Current assets29/58 | €214k | €237k | €69k | €8k | €22k | ▲ 177% |
| Stocks and contracts in progress3 | €152k | €213k | €16k | - | - | - |
| Stocks30/36 | €152k | €213k | €16k | - | - | - |
| Amounts receivable within one year40/41 | €8k | €2k | - | €3k | €7k | ▲ 155% |
| Trade receivables40 | - | €2k | - | - | €3k | - |
| Other amounts receivable41 | €8k | - | - | €3k | €4k | ▲ 35.1% |
| Cash at bank and in hand54/58 | €30k | €13k | €52k | €4k | €15k | ▲ 278% |
| Deferred charges and accrued income490/1 | €24k | €9k | €1k | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €241k | €262k | €86k | €26k | €29k | ▲ 11.6% |
| Equity10/15 | €92k | €85k | €-58k | €-119k | €-120k | ▼ 1.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €73k | €66k | €66k | €66k | €66k | = |
| Distributable reserves133 | €73k | €66k | €66k | €66k | €66k | = |
| Profit (loss) carried forward14 | - | - | €-142k | €-204k | €-205k | ▼ 0.6% |
| Amounts payable17/49 | €148k | €177k | €144k | €145k | €150k | ▲ 3.0% |
| Amounts payable after more than one year17 | €3k | - | - | - | - | - |
| Financial debts170/4 | €3k | - | - | - | - | - |
| Amounts payable within one year42/48 | €145k | €177k | €144k | €144k | €149k | ▲ 3.8% |
| Current portion of amounts payable after more than one year42 | €6k | €3k | - | - | - | - |
| Financial debts43 | - | €50k | €100k | €50k | - | - |
| Credit institutions430/8 | - | €50k | €100k | €50k | - | - |
| Trade debts44 | €74k | €25k | €5k | €3k | €2k | ▼ 22.8% |
| Suppliers440/4 | €74k | €25k | €5k | €3k | €2k | ▼ 22.8% |
| Advances received on contracts in progress46 | - | €3k | - | - | - | - |
| Taxes, remuneration and social security45 | €28k | €29k | €11k | €559 | €135 | ▼ 75.9% |
| Taxes450/3 | €8k | €13k | €11k | €559 | €135 | ▼ 75.9% |
| Remuneration and social security454/9 | €20k | €16k | - | - | - | - |
| Other amounts payable47/48 | €37k | €67k | €27k | €90k | €147k | ▲ 62.7% |
| Accrued charges and deferred income492/3 | €314 | €362 | €420 | €2k | €538 | ▼ 68.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-8k | €-142k | €-61k | €-1k | ▲ 97.9% |
| + Depreciation and write-downs630 | €9k | €11k | €8k | €7k | €4k | ▼ 41.9% |
| Operating cash flow (approximation) | €7k | €4k | €-135k | €-54k | €3k | ▲ 106% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | €-8k | €7k | ▲ 181% |
| Change in cash | - | €-17k | €39k | €-48k | €11k | ▲ 124% |
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
Next filing, fiscal year 2026, expected by
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-142k
Net result drops to €-142k, the lowest in the series; recovery starts the following year.
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €60k ▲109%
Operating result €61k, net result €60k, both a record.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2019
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Hasselt · 1 establishment unit since 1999
Ground area
675 m²
Building footprint
296 m²
Volume, LiDAR
2,039 m³
Parcel 71022H0388/00B000, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Maastrichterstraat 38, 3500 Hasselt
since 19992.091.129.859
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0388/00B000 | Flanders | 675 m² | 1 · 296 m² | 12.9 m · 2 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.
Similar companies · same sector, comparable size
COMPTOIR DES ENFANTS
BE 0547.857.780
Sint-Niklaas · Eq €83,856
PICCOLINI
BE 0464.875.765
Merchtem · Eq €86,258
JILL & JACK
BE 0645.690.693
Ninove · Eq €82,649
ARTHUR & ZOE
BE 0808.722.157
Mouscron · Eq €81,405
DMB 1
BE 0692.958.496
Aalst · Eq €81,092
Of 506 companies in sector 47713 we hold annual accounts for 197. 155 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-02-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
Scores and ratios are computed by Checked and are not a credit decision.