Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.8 to 4.7.
Financials
Financial year 2025
CZ CADO from Wevelgem, company number BE0871389602, closed financial year 2025 with a result of € -123,294 after tax. For that financial year CZ CADO recorded a gross margin of € 410,338 and equity of € 590,315. Compared with financial year 2024, the result moved from € -163,711 to € -123,294. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 4, 2026.
€ 590,315
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -123,294
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 138,522
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 331,592.
People and assets in 2025
4.7
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 347,232
▲ 5% vs 2024
€ 73,900 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.
€ 77,152
▲ 55% vs 2024
Of which on lease € 57,146.
Debts at end 2025
€ 953,965
▼ 1% vs 2024
€ 78,012 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 387,392
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,666
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 441,332 | € 496,002 | € 309,250 | € 410,338 | ▲ 33% |
| Profit after taxes | € 21,565 | € 13,433 | € -163,711 | € -123,294 | ▲ € 40,416 |
| Equity | € 863,888 | € 877,321 | € 713,610 | € 590,315 | ▼ 17% |
| Total debts | € 421,711 | € 331,358 | € 2,055,120 | € 2,052,068 | |
| Cash | € 259,316 | € 58,692 | € 410,094 | € 138,522 | ▼ 66% |
| Land & buildings | - | - | € 1,139,235 | € 1,114,617 | ▼ 2% |
| Retained profit | € 605,164 | € 618,597 | € 454,886 | € 331,592 | ▼ 27% |
| Bank debt | € 118,697 | € 76,243 | € 960,180 | € 953,965 | ▼ 1% |
| Balance sheet total | € 1,285,599 | € 1,208,678 | € 2,768,730 | € 2,642,383 | ▼ 5% |
| Employees (FTE) | - | 5.8 | 5.2 | 4.7 | ▼ 0.5 |
By gross margin, CZ CADO ranks 2nd of 5 companies with main activity “Groothandel in tabaksproducten” in West Flanders that publish figures (fiscal year 2025).
Key figures of CZ CADO, 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.
Ask about CZ CADO the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to CZ CADO?
What happened at CZ CADO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 123,294. Source: NBB ↗
- D'Hondt Erwin became a director. NBB
- Christian Zwartjes became a director. NBB
- New establishment in Wevelgem. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 21,565 profit in 2022 to € 123,294 loss in 2025.
Paid € 31,269 in corporate taxes since 2022.
Best year ever: 2022, with € 21,565 profit.
On average € 87,300 of value added per employee in 2025.
Management
Behind CZ CADO are D'Hondt Erwin and Christian Zwartjes.
Directors
According to the 2025 annual accounts
D'Hondt Erwin
Director
since 2023
Christian Zwartjes
Manager
since 2023
Establishments
Establishment units
Physical locations of this company
Bissegemstraat 214
8560 Wevelgem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in West Flanders
Same main activity (Groothandel in tabaksproducten), 5 active companies in West Flanders, largest first.
€ 106.8 million revenue · 2025 · Zonnebeke
€ 502,915 gross margin · 2025 · Wervik
€ 116,526 gross margin · 2025 · Wevelgem
€ 9,753 gross margin · 2026 · Poperinge
€ -13,099 gross margin · 2026 · Roeselare
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
cz-cado.com
Registered
2005-03-23
Registrar
Realtime Register B.V.
Expires
2026-03-23
Website info
Features
Security
Network
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 ↗- ZWARTJES Christian Jan Monique(oprichter) 100%
Details
- Company number
- 0871.389.602
- VAT number
- BE 0871.389.602
- Registered office
- Bissegemstraat 214, 8560 Wevelgem
- Names & denominations
- CZ CADO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 2005
- Peppol
- Active · Active since 5 Jan 2026
- Contact
- cz-cado.com
- Activities · NACE
Groothandel in tabaksproducten
Niet-gespecialiseerde groothandel
Overige groothandel
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