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 44 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2.8 to 2.5.
Financials
Financial year 2025
CADUS from Sint-Martens-Latem, company number BE0874968902, closed financial year 2025 with a result of € -161,370 after tax. For that financial year CADUS recorded revenue of € 1.1 million and equity of € 4.5 million. Compared with financial year 2024, the result moved from € -183,981 to € -161,370. 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 August 31, 2026.
€ 4.5 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -161,370
▲ 12 % less loss than in 2024
Profit after tax over the fiscal year.
€ 235
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.7 million.
People and assets in 2025
2.5
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 176,950
€ 70,800 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.
€ 22,461
▲ € 18,654 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5 million
▲ 10% vs 2024
€ 406,329 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 455,947
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 231 days on average.
€ 124,774
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,312,684 | € 1,362,660 | € 1,233,669 | € 1,116,672 | ▼ 9% |
| Profit after taxes | € -83,455 | € 345,052 | € -183,981 | € -161,370 | ▲ € 22,611 |
| Equity | € 4,506,339 | € 4,851,392 | € 4,667,410 | € 4,506,041 | ▼ 3% |
| Total debts | € 6,461,278 | € 6,389,056 | € 6,669,613 | € 6,951,065 | ▲ 4% |
| Cash | € 2,327 | € 4,823 | € 0 | € 235 | |
| Land & buildings | € 721,174 | € 700,790 | € 680,405 | € 660,021 | ▼ 3% |
| Retained profit | € 2,263,478 | € 2,757,975 | € 2,723,439 | € 2,711,515 | |
| Bank debt | € 5,117,362 | € 4,584,796 | € 4,547,104 | € 5,013,448 | ▲ 10% |
| Balance sheet total | € 10,967,617 | € 11,240,447 | € 11,337,023 | € 11,457,105 | ▲ 1% |
| Employees (FTE) | 3 | 2.8 | 2.6 | 2.5 | ▼ 0.1 |
Key figures of CADUS, 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 CADUS?
What happened at CADUS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Danielle Dusselier stepped down as director. NBB
- Johan Castelein stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 161,370. filed late Source: NBB ↗
- Danielle Dusselier became a director. NBB
- Johan Castelein became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 83,455 loss in 2022 to € 161,370 loss in 2025.
Paid € 30,591 in corporate taxes since 2022.
Best year ever: 2023, with € 345,052 profit.
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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
It owns 100% of Roche4Abatt, 100% of Abattoir Trading Support & Services NV, 100% of Caedes BV, 100% of Cadfin NV, 50% of DWC & Partners NV and 14% of F4P Invest SRL itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Johan Castelein
Managing director
Also active at: LEMAHIEU GROUP, FEBEV-FEDERATION BELGE DE LA VIANDE, Roche4Abatt, CADFIN, JOLIKA, DRUCA, DWC & PARTNERS, LDCwood +7 more
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Latemstraat 167
9830 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Details
- Company number
- 0874.968.902
- VAT number
- BE 0874.968.902
- Registered office
- Latemstraat 167, 9830 Sint-Martens-Latem
- Names & denominations
- CADUS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 2005
- Peppol
- Active · Active since 10 Sept 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Overige zakelijke dienstverlening, neg
Overige zakelijke dienstverlening, n.e.g.
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering