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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
KADE VHG from Oudenburg, company number BE0657743637, closed financial year 2025 with a result of € -11,132 after tax. For that financial year KADE VHG recorded a gross margin of € -9,129 and equity of € -20,217. Compared with financial year 2024, the result moved from € -4,057 to € -11,132. The company made a loss. 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 October 1, 2026.
€ -20,217
▼ € 11,132 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,132
▼ 174 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,651
▼ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -38,817.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,836
▲ 127% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,446 | € -3,727 | € -2,881 | € -9,129 | ▼ € 6,248 |
| Profit after taxes | € -3,668 | € -4,778 | € -4,057 | € -11,132 | ▼ € 7,075 |
| Equity | € -250 | € -5,028 | € -9,085 | € -20,217 | ▼ € 11,132 |
| Total debts | € 6,214 | € 16,603 | € 17,765 | € 27,218 | ▲ 53% |
| Cash | € 3,614 | € 9,225 | € 6,331 | € 4,651 | ▼ 27% |
| Retained profit | € -18,850 | € -23,628 | € -27,685 | € -38,817 | ▼ € 11,132 |
| Balance sheet total | € 5,964 | € 11,575 | € 8,680 | € 7,001 | ▼ 19% |
Key figures of KADE VHG, 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 KADE VHG?
What happened at KADE VHG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,132. filed late Source: NBB ↗
- Group Verhelst became a director. NBB
- New establishment in Oudenburg. KBO
- Start of the company according to the CBE. KBO
- Groep Verhelst NV became a director. NBB
- Watson & Dickens BV became a director. NBB
In short
From € 3,668 loss in 2022 to € 11,132 loss in 2025.
Management
The stake of WATSON & DICKENS, Verhelst Immo, GROEP VERHELST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KADE VHGBehind KADE VHG are Groep Verhelst NV, Watson & Dickens BV and Group Verhelst. The shares are held by WATSON & DICKENS (50%), Verhelst Immo (30%) and GROEP VERHELST (20%).
Directors
According to the 2025 annual accounts
Director · represented by Kathleen Verhelst
Also active at: Construction Brands, VERHELST IMMO ANTWERPEN, VH-TRANS, VERHELST TECHNICS & FACILITY, VERHELST BOUWMATERIALEN, Callewaert, VERHELST LOGISTICS, VERHELST IMMO DEERLIJK +8 more
since 2016
Director · represented by Wim Heylen
Also active at: Heylen Remi, HEAT 21, OBJECT DESIGN & CONSULT, TIJARM, WELLSUN-HEYLEN I, WITBOS, BPO
since 2016
Director · represented by Johan Verhelst
Also active at: VERHELST AANNEMINGEN, Steenbakkerij van Snaaskerke, Top-Mix, Transport Janssens, Verhelst Immo, EUROPEAN PORT SERVICES, OPC EUROPE, DE WITTE-VANDECAVEYE +11 more
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 30
8460 Oudenburg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Construction Brands same network
€ -57,157 gross margin · 2025
VH-TRANS same network
€ 1.5 million gross margin · 2025
Steenbakkerij van Snaaskerke same network
€ -3,718 gross margin · 2025
VERHELST TECHNICS & FACILITY same network
€ 1.4 million gross margin · 2025
VERHELST BOUWMATERIALEN same network
€ 123.9 million revenue · 2025
+10 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
- 0657.743.637
- VAT number
- BE 0657.743.637
- Registered office
- Stationsstraat 30, 8460 Oudenburg
- Names & denominations
- KADE VHG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2016
- Peppol
- Active · Active since 1 Jan 2001