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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Shrinking team NBB
FTE fell two years in a row, from 11.9 to 1.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
Cardon & Partners from Sint-Gillis-Waas, company number BE0644498583, closed financial year 2025 with a result of € 1,466 after tax. For that financial year Cardon & Partners recorded a gross margin of € 42,954 and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 2.5 million to € 1,466. The company is profitable. 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 October 15, 2026.
€ 3.3 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,466
▼ € 2.5 million vs 2024
Profit after tax over the fiscal year.
€ 98,504
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 75,020 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1
▼ 9.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 13,310
▼ 98% vs 2024
€ 13,300 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.
€ 105,719
▲ € 88,949 vs 2024
Of which on lease € 94,254.
Debts at end 2025
€ 523,836
▼ 15% vs 2024
€ 87,950 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 147,144
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 57,554
▼ 75% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,074,866 | € 1,309,925 | € 4,117,132 | € 42,954 | ▼ 99% |
| Profit after taxes | € 220,466 | € 290,615 | € 2,512,194 | € 1,466 | ▼ € 2.5 million |
| Equity | € 783,628 | € 942,239 | € 3,411,978 | € 3,338,424 | ▼ 2% |
| Total debts | € 1,004,500 | € 1,177,472 | € 1,164,602 | € 882,009 | ▼ 24% |
| Cash | € 52,059 | € 90,988 | € 873,891 | € 98,504 | ▼ 89% |
| Land & buildings | € 379,907 | € 453,044 | € 498,940 | € 700,435 | ▲ 40% |
| Retained profit | € 777,428 | € 936,039 | € 3,405,778 | € 3,332,224 | ▼ 2% |
| Dividend | € 0 | € 132,004 | € 42,455 | € 75,020 | ▲ 77% |
| Bank debt | € 585,823 | € 591,500 | € 614,004 | € 523,836 | ▼ 15% |
| Balance sheet total | € 1,788,128 | € 2,119,711 | € 5,360,663 | € 5,002,659 | ▼ 7% |
| Employees (FTE) | 10.6 | 11.9 | 10.9 | 1 | ▼ 9.9 |
Key figures of Cardon & Partners, 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 Cardon & Partners?
What happened at Cardon & Partners in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,466 (▼ € 2.5 million vs 2024). filed late Source: NBB ↗
- New establishment in Sint-Gillis-Waas. KBO
- New establishment in Sint-Gillis-Waas. KBO
- Start of the company according to the CBE. KBO
In short
From € 220,466 profit in 2022 to € 1,466 profit in 2025.
Paid € 316,818 in corporate taxes since 2022.
Best year ever: 2024, with € 2.5 million profit.
On average € 43,000 of value added per employee in 2025.
Management
Behind Cardon & Partners is FILIP CARDON. It owns 60% of Immo De Zevenster BV and 50% of Cardon - Goeman & Partners VOF itself.
Directors
According to the 2025 annual accounts
FILIP CARDON
Director
Establishments
Establishment units
Physical locations of this company
Nieuwstraat(SGW) 17
9170 Sint-Gillis-Waas
Okkevoordestraat(SGW) 50
9170 Sint-Gillis-Waas
Active since 2 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
cardonpartners.be
Registered
2011-06-29
Website info
Features
Security
Details
- Company number
- 0644.498.583
- VAT number
- BE 0644.498.583
- Registered office
- Nieuwstraat(SGW) 17, 9170 Sint-Gillis-Waas
- Names & denominations
- Cardon & Partners
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2015
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants
Boekhouders en boekhouders-fiscalisten