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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
KABANDY from Etterbeek, company number BE0649859121, closed financial year 2025 with a result of € -113,455 after tax. For that financial year KABANDY recorded a gross margin of € 742,949 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € -59,007 to € -113,455. 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 June 24, 2026.
€ 1.2 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -113,455
▼ 92 % more loss than in 2024
Profit after tax over the fiscal year.
€ 72,666
▲ € 61,783 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
People and assets in 2025
4.3
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 426,411
▲ 11% vs 2024
€ 99,200 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.
€ 10,582
▲ 16% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 322,244
▲ 26% vs 2024
€ 52,083 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 27,235
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 93,757
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 269,355 | € 379,195 | € 667,804 | € 742,949 | ▲ 11% |
| Profit after taxes | € -233,757 | € -229,718 | € -59,007 | € -113,455 | ▼ € 54,449 |
| Equity | € 1,212,136 | € 1,440,282 | € 1,339,140 | € 1,183,549 | ▼ 12% |
| Total debts | € 477,110 | € 1,104,854 | € 854,880 | € 1,139,061 | ▲ 33% |
| Cash | € 183,269 | € 29,156 | € 10,883 | € 72,666 | ▲ € 61,783 |
| Retained profit | € -709,145 | € -938,863 | € -997,870 | € -1,111,325 | ▼ € 113,455 |
| Bank debt | € 296,686 | € 298,706 | € 256,618 | € 322,244 | ▲ 26% |
| Balance sheet total | € 1,689,246 | € 2,545,136 | € 2,194,020 | € 2,322,609 | ▲ 6% |
| Employees (FTE) | 4.9 | 4.1 | 4.2 | 4.3 | ▲ 0.1 |
Key figures of KABANDY, 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 KABANDY?
What happened at KABANDY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 113,455. Source: NBB ↗
- Benoit DESCAMPS stepped down as director. NBB
- Thomas VANDENBERGH stepped down as director. NBB
- VISIUM SA stepped down as director. NBB
- COREMAN SRL stepped down as director. NBB
- SAMBRINVEST SPIN-OFF/SPIN-OUT SA stepped down as director. NBB
- COREMAN SRL became a director. NBB
- 50° NORTH VENTURES SA stepped down as director. NBB
In short
From € 233,757 loss in 2022 to € 113,455 loss in 2025.
Paid € 1,576 in corporate taxes since 2022.
On average € 172,800 of value added per employee in 2025.
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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
The shares are held by THEODORUS III SA (28.5%) and SAMBRINVEST SPIN-OFF/SPIN-OUT SA (26.6%).
Directors
According to the 2025 annual accounts
since 2022 · until 2026
Thomas VANDENBERGH
Director
Also active at: APITRI, PARK D, aug.e, BAO HOUSE, Neanex Technologies, MUUTOS, Mobius Benelux
since 2022 · until 2026
Director · represented by Marc-André GENNART
since 2023 · until 2026
Director · represented by Adrien VAN DER BORGHT
Also active at: EEBIC, BE ANGELS, Brussels South Charleroi BioPark Dev, THEODORUS III, THEODIRIS, ALLERINVEST, SEEDER FUND, SCALE I +13 more
since 2022 · until 2025
since 2025 · until 2026
SAMBRINVEST SPIN-OFF/SPIN-OUT SA
Director · represented by Fabrice CAROSELLA
Owns 5.6% via THEODORUS III SA
Also active at: BE ANGELS, Brussels South Charleroi BioPark Dev, 50°NORTH VENTURES, THEODORUS III, EMAsphere, AQUILON PHARMACEUTICALS, APIQUIET, BigCaptain +25 more
since 2022 · until 2026
Shareholders
THEODORUS III SA · holding of SAMBRINVEST SPIN-OFF/SPIN-OUT SA
28.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Witte Patersstraat 4
1040 Etterbeek
Square des Martyrs 1
6000 Charleroi
Active since 2 September 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0649.859.121
- VAT number
- BE 0649.859.121
- Registered office
- Witte Patersstraat 4, 1040 Etterbeek
- Names & denominations
- KABANDY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 2016
- Peppol
- Active · Active since 28 May 2025
- Activities · NACE
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