Financials
Financial year 2026
KADINE from Antwerpen, company number BE0437697256, closed financial year 2026 with a result of € 1.3 million after tax. For that financial year KADINE recorded revenue of € 67.3 million and equity of € 16.1 million. Compared with financial year 2025, the result moved from € 1.5 million to € 1.3 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 16.1 million
▲ 9% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▼ 17% vs 2025
Profit after tax over the fiscal year.
€ 4.9 million
▲ 51% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 5.7 million.
People and assets in 2026
60.6
▲ 8.3 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 8.4 million
▲ 31% vs 2025
€ 139,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 274,660
▲ 86% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 6.7 million
▼ 5% vs 2025
€ 1.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 7.4 million
▲ 5% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 50 days on average.
€ 2 million
▼ 11% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 47,540,103 | € 51,842,883 | € 59,221,913 | € 67,292,318 | ▲ 14% |
| Profit after taxes | € 2,022,532 | € 4,988,640 | € 1,519,935 | € 1,262,898 | ▼ 17% |
| Equity | € 8,288,134 | € 13,276,775 | € 14,796,709 | € 16,059,607 | ▲ 9% |
| Total debts | € 20,439,350 | € 20,327,741 | € 17,872,835 | € 17,710,174 | ▼ 1% |
| Cash | € 2,191,512 | € 3,677,215 | € 3,252,838 | € 4,923,399 | ▲ 51% |
| Retained profit | € -2,050,366 | € 2,938,275 | € 4,458,209 | € 5,721,107 | ▲ 28% |
| Bank debt | € 8,845,863 | € 7,381,222 | € 6,986,450 | € 6,661,495 | ▼ 5% |
| Balance sheet total | € 28,727,484 | € 33,700,875 | € 32,669,545 | € 33,769,781 | ▲ 3% |
| Employees (FTE) | 50.5 | 53.4 | 52.3 | 60.6 | ▲ 8.3 |
Key figures of KADINE, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to KADINE?
What happened at KADINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 1.3 million (▼ 17% vs 2025). Source: NBB ↗
- New establishment in Antwerpen. KBO
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 2 million profit in 2023 to € 1.3 million profit in 2026.
Paid € 694,296 in corporate taxes since 2023.
Best year ever: 2024, with € 5 million profit.
Pays suppliers within 50 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind KADINE is Esfandiar Eghtessadi. The shares are held by Inge Onsea (50%) and Esfandiar Eghtessadi (50%). It owns 100% of Kadine UK LTD, 100% of Kadine Germany GmbH, 100% of Kadine France SARL, 100% of Kadine USA Holdings, 100% of Kadine America INC and 100% of Kadine Asia LTD itself.
Directors
According to the 2026 annual accounts
Esfandiar Eghtessadi
Director
Owns 50% directly
Also active at: BEST PRACTICES CONSULTING, CADINE & CO, OLD TRAFFORD, BRIGHTSTORES, ANTLET, LIANT, FLANDERS RETAIL, IMMO GRAANMARKT
Shareholders
Inge Onsea
50%
Esfandiar Eghtessadi · director
50%
Participations
Kadine UK LTD
100%
Kadine Germany GmbH
100%
Kadine France SARL
100%
Kadine USA Holdings
100%
Kadine America INC
100%
Kadine Asia LTD
100%
Kadine USA
100%
99.7%
99.7%
99.7%
99.7%
Establishments
Establishment units
Physical locations of this company
Arenbergstraat 21
2000 Antwerpen
Terbekehofdreef 45
2610 Antwerpen
Active since 1 September 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →BEST PRACTICES CONSULTING same network
€ 240,614 gross margin · 2025
CADINE & CO same network
€ 259,509 gross margin · 2025
ANTLET same network
€ 738,814 gross margin · 2026
LIANT same network
€ 1.7 million gross margin · 2026
IMMO GRAANMARKT same network
€ 1.1 million gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
AMAZON-02 - Amazon.com, Inc., US
Website info
Features
Security
Network
Details
- Company number
- 0437.697.256
- VAT number
- BE 0437.697.256
- Registered office
- Arenbergstraat 21, 2000 Antwerpen
- Names & denominations
- KADINE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 1989
- Peppol
- Active · Active since 4 Feb 2026
- Activities · NACE
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Groothandel in schoeisel
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