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 1 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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
KADINCA from Gent, company number BE0826107527, closed financial year 2025 with a result of € -179,825 after tax. For that financial year KADINCA recorded a gross margin of € 37,488 and equity of € -146,047. Compared with financial year 2024, the result moved from € -77,133 to € -179,825. 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 September 14, 2026.
€ -146,047
▼ € 179,825 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -179,825
▼ 133 % more loss than in 2024
Profit after tax over the fiscal year.
€ 723
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -153,047.
People and assets in 2025
1.8
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 37,394
▲ 17% vs 2024
€ 20,800 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.
Debts at end 2025
€ 294,483
▼ 4% vs 2024
€ 14,500 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 5,466
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,690
▼ 91% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 100,272 | € 52,258 | € 26,237 | € 37,488 | ▲ 43% |
| Profit after taxes | € 48,628 | € 14,359 | € -77,133 | € -179,825 | ▼ € 102,692 |
| Equity | € 98,218 | € 110,911 | € 33,778 | € -146,047 | ▼ € 179,825 |
| Total debts | € 352,944 | € 389,050 | € 343,292 | € 360,627 | ▲ 5% |
| Cash | € 61 | € 247 | € 4,577 | € 723 | ▼ 84% |
| Retained profit | € 91,218 | € 103,911 | € 26,778 | € -153,047 | ▼ € 179,825 |
| Dividend | € 1,600 | € 1,666 | € 0 | € 0 | |
| Bank debt | € 280,000 | € 280,000 | € 308,055 | € 294,483 | ▼ 4% |
| Balance sheet total | € 451,163 | € 499,960 | € 377,070 | € 214,580 | ▼ 43% |
| Employees (FTE) | 1 | 1 | 1 | 1.8 | ▲ 0.8 |
Key figures of KADINCA, 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 KADINCA?
What happened at KADINCA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 179,825. filed late Source: NBB ↗
- Hakki Kinik became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Evergem. KBO
In short
From € 48,628 profit in 2022 to € 179,825 loss in 2025.
Paid € 26,085 in corporate taxes since 2022.
Best year ever: 2022, with € 48,628 profit.
On average € 20,800 of value added per employee in 2025.
Management
Behind KADINCA is Hakki Kinik.
Directors
According to the 2025 annual accounts
Hakki Kinik
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Evergemsesteenweg 65
9032 Gent
Eindeken 18
9940 Evergem
Active since 11 May 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- KINNIK Hakki(oprichter) 50%
- KAHYA Zeliha(oprichter) 50%
Details
- Company number
- 0826.107.527
- VAT number
- BE 0826.107.527
- Registered office
- Evergemsesteenweg 65, 9032 Gent
- Names & denominations
- KADINCA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 2010
- Peppol
- Not registered
- Activities · NACE
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