Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BADEMA from Waregem, company number BE0449867687, closed financial year 2025 with a result of € 1,603 after tax. For that financial year BADEMA recorded a gross margin of € 269,388 and equity of € -180,213. Compared with financial year 2024, the result moved from € 606 to € 1,603. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ -180,213
▲ € 1,603 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,603
▲ 165% vs 2024
Profit after tax over the fiscal year.
€ 69,400
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.4 million.
Debts at end 2025
€ 1.8 million
▼ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 5,287
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,919
▼ 37% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 186,049 | € 210,253 | € 247,882 | € 269,388 | ▲ 9% |
| Profit after taxes | € 2,399 | € 812 | € 606 | € 1,603 | ▲ 165% |
| Equity | € -183,234 | € -182,421 | € -181,816 | € -180,213 | ▲ € 1,603 |
| Total debts | € 2,165,580 | € 2,099,091 | € 2,134,030 | € 2,058,909 | ▼ 4% |
| Cash | € 136,707 | € 44,026 | € 81,245 | € 69,400 | ▼ 15% |
| Land & buildings | - | € 1,769,969 | € 1,717,147 | € 1,664,326 | ▼ 3% |
| Retained profit | € -1,585,954 | € -1,536,615 | € -1,487,484 | € -1,437,355 | ▲ € 50,129 |
| Bank debt | € 1,967,893 | € 1,915,071 | € 1,862,250 | € 1,809,428 | ▼ 3% |
| Balance sheet total | € 1,982,346 | € 1,916,670 | € 1,952,214 | € 1,878,696 | ▼ 4% |
Key figures of BADEMA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BADEMA?
What happened at BADEMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,603 (▲ 165% vs 2024). Source: NBB ↗
- G.D.M. BV became a director. NBB
- Orthim NV became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,399 profit in 2022 to € 1,603 profit in 2025.
Paid € 1,880 in corporate taxes since 2022.
Best year ever: 2022, with € 2,399 profit.
Management
The stake of Orthim, G.D.M. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BADEMABehind BADEMA are G.D.M. BV and Orthim NV. The shares are held by Orthim (50%) and G.D.M. (50%).
Directors
According to the 2025 annual accounts
Director · represented by Guido Dedeyne
Also active at: DEDEYNE PROJECTS, IMMO-DM, DECO - INVEST, GAIA
since 2004
Director · represented by Simonne Maes
since 2004
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Henri Lebbestraat 111
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →M. Lodrioor
€ 101,430 gross margin · 2025
DEDEYNE CONSTRUCT
€ 12.4 million revenue · 2025
GAIA same network
€ 13,031 gross margin · 2025
GTE INVEST
€ 170,936 gross margin · 2025
PATERSVAT VASTGOED
€ -6,081 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.867.687
- VAT number
- BE 0449.867.687
- Registered office
- Henri Lebbestraat 111, 8790 Waregem
- Names & denominations
- BADEMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 April 1993
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur van niet-residentiële gebouwen