Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Chadon from Mechelen, company number BE0632449797, closed financial year 2025 with a result of € 115,871 after tax. For that financial year Chadon recorded a gross margin of € 231,004 and equity of € 227,184. Compared with financial year 2024, the result moved from € -24,541 to € 115,871. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 227,184
▲ 101% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 115,871
▲ still € 24,541 loss in 2024
Profit after tax over the fiscal year.
€ 33,122
▲ € 33,032 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,666 paid out
1 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 1,055
▼ 72% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 425,998
▼ 63% vs 2024
€ 39,424 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 5,446
▼ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 85,389
▲ 44% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 109,922 | € 227,341 | € 75,412 | € 231,004 | ▲ 206% |
| Profit after taxes | € 11,534 | € 21,429 | € -24,541 | € 115,871 | ▲ € 140,412 |
| Equity | € 116,091 | € 137,520 | € 112,979 | € 227,184 | ▲ 101% |
| Total debts | € 1,563,799 | € 1,376,949 | € 1,627,942 | € 1,068,271 | ▼ 34% |
| Cash | € 89 | € 8 | € 90 | € 33,122 | ▲ € 33,032 |
| Land & buildings | € 1,113,538 | € 849,428 | € 827,716 | € 630,390 | ▼ 24% |
| Retained profit | € 30,591 | € 52,020 | € 27,479 | € 141,684 | ▲ € 114,205 |
| Dividend | € 0 | € 0 | € 0 | € 1,666 | |
| Bank debt | € 1,046,753 | € 902,442 | € 1,138,604 | € 425,998 | ▼ 63% |
| Balance sheet total | € 1,679,889 | € 1,514,468 | € 1,740,921 | € 1,295,455 | ▼ 26% |
Key figures of Chadon, 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 Chadon?
What happened at Chadon in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 115,871. Source: NBB ↗
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,534 profit in 2022 to € 115,871 profit in 2025.
Paid € 125,898 in corporate taxes since 2022.
Best year ever: 2025, with € 115,871 profit.
Paid out € 1,666 in dividends to the owners in total.
Management
Behind Chadon are Kelsey Swiggers and Sam Frooninckx. It owns 50% of Recyclinvest BV and 49% of This Is It BV itself.
Directors
According to the 2025 annual accounts
Kelsey Swiggers
Director
Establishments
Establishment units
Physical locations of this company
Blarenberglaan 17
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0632.449.797
- VAT number
- BE 0632.449.797
- Registered office
- Blarenberglaan 17, 2800 Mechelen
- Names & denominations
- Chadon
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 2015
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Activiteiten van holdings
Holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige zakelijke dienstverlening, neg
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Diverse administratieve activiteiten ten behoeve van kantoren
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