Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CADAK from Zelzate, company number BE0471657847, closed financial year 2025 with a result of € -1,784 after tax. For that financial year CADAK recorded a gross margin of € 7,179 and equity of € 92,760. Compared with financial year 2024, the result moved from € -10,656 to € -1,784. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 5, 2026.
€ 92,760
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,784
▲ 83 % less loss than in 2024
Profit after tax over the fiscal year.
€ 28,337
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 74,160.
Debts at end 2025
€ 4,840
▼ 70% vs 2024
Loans from banks and other lenders, long and short.
€ 144
Supplier invoices still open on the last day of the fiscal year.
€ 2,073
▲ 21% 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 | € 46,682 | € 12,786 | € 4,940 | € 7,179 | ▲ 45% |
| Profit after taxes | € -10,534 | € -44,109 | € -10,656 | € -1,784 | ▲ € 8,872 |
| Equity | € 155,866 | € 111,757 | € 94,544 | € 92,760 | ▼ 2% |
| Total debts | € 215,918 | € 165,165 | € 142,648 | € 116,837 | ▼ 18% |
| Cash | € 13,989 | € 41,353 | € 42,744 | € 28,337 | ▼ 34% |
| Land & buildings | € 183,856 | € 176,619 | € 171,216 | € 165,814 | ▼ 3% |
| Retained profit | € 137,266 | € 93,157 | € 75,944 | € 74,160 | ▼ 2% |
| Dividend | € 0 | € 0 | € 6,557 | € 0 | ▼ 100% |
| Bank debt | € 39,741 | € 25,813 | € 16,131 | € 4,840 | ▼ 70% |
| Balance sheet total | € 371,784 | € 276,922 | € 237,192 | € 209,597 | ▼ 12% |
Key figures of CADAK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to CADAK?
What happened at CADAK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,784. Source: NBB ↗
- New establishment in Zelzate. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,534 loss in 2022 to € 1,784 loss in 2025.
Paid out € 6,557 in dividends to the owners in total.
Management
Behind CADAK are Wim Kalfsvel and Alberik Kalsvel. Wim Kalfsvel is also behind VARACO.
Directors
According to the 2025 annual accounts
Alberik Kalsvel
Director
Establishments
Establishment units
Physical locations of this company
Denderdreve 2
9060 Zelzate
Grote Markt 89
9060 Zelzate
Active since 6 June 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.657.847
- VAT number
- BE 0471.657.847
- Registered office
- Denderdreve 2, 9060 Zelzate
- Names & denominations
- CADAK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2000
- Peppol
- Active · Active since 12 Sept 2026
- Activities · NACE
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