ACTIVE

Cadco

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Financial year 2025 · closed on 31/12/2025

Net result

150 k €

+8.1% YoY

Gross margin

319,1 k €

+1.8% YoY

Equity

302,8 k €

+15.2% YoY

What does Cadco do?

Cadco is a Public limited company incorporated in 1983. Its main activity is: Reinsurance. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.096.947

Incorporation

28/12/1983

Legal form

Public limited company

Registered office

Coupure 55
9000 Gent · FlandreSee on map

Contributed capital

62 936,95 €

Latest accounts

31/12/2025

Activities (NACE)

65210Reinsurance· main 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 64910Financial leasing 64910Financial leasing

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	319,1 k €	+1.8%	313,5 k €	-15.8%	372,2 k €	+41.6%	262,8 k €	-4.8%	276 k €	-0.3%	276,8 k €	+12.6%	245,8 k €	+56.1%	157,4 k €	+10.9%	141,9 k €	-20.5%	178,5 k €	+2.8%	173,6 k €	-1.3%	175,9 k €	+8.4%	162,2 k €	-13.5%	187,5 k €	+15.9%	161,8 k €	+30.2%	124,3 k €	+34.0%	92,8 k €	+90.8%	48,6 k €	-66.6%	145,6 k €	+8.6%	134,1 k €
EBITDA	286,1 k €	+0.2%	285,5 k €	-16.8%	343,1 k €	+42.9%	240,1 k €	-5.2%	253,2 k €	+1.5%	249,4 k €	+12.8%	221,1 k €	+57.6%	140,3 k €	+8.9%	128,8 k €	-22.3%	165,7 k €	+2.7%	161,3 k €	-1.5%	163,7 k €	+8.6%	150,7 k €	-14.5%	176,3 k €	+16.8%	150,9 k €	+31.6%	114,7 k €	+35.8%	84,4 k €	+106%	40,9 k €	-70.4%	138,6 k €	+9.5%	126,5 k €
Operating result	196,9 k €	+5.9%	186 k €	-18.1%	227 k €	+77.7%	127,7 k €	-10.5%	142,8 k €	+6.9%	133,6 k €	+72.5%	77,4 k €	+1260%	-6,7 k €	-109%	76,4 k €	-32.5%	113,3 k €	+4.0%	109 k €	-2.1%	111,4 k €	+13.2%	98,4 k €	-18.8%	121,1 k €	+73.2%	69,9 k €	+106%	34 k €	+13907%	-246,3 €	+99.3%	-35,6 k €	-149%	71,9 k €	+20.1%	59,8 k €
Net result	150 k €	+8.1%	138,7 k €	-17.2%	167,7 k €	+86.9%	89,7 k €	-7.6%	97 k €	+6.6%	91 k €	+112%	43 k €	+599%	-8,6 k €	-121%	41,6 k €	-34.5%	63,5 k €	-21.9%	81,3 k €	+16.9%	69,6 k €	+42.0%	49 k €	-25.5%	65,7 k €	+386%	13,5 k €	+176%	-17,8 k €	+65.5%	-51,6 k €	+38.1%	-83,4 k €	-3186%	2,7 k €	-86.6%	20,1 k €
Balance sheet
Equity	302,8 k €	+15.2%	262,8 k €	-4.3%	274,4 k €	+148%	110,6 k €	-9.6%	122,3 k €	-10.4%	136,4 k €	-4.7%	143,2 k €	-18.3%	175,3 k €	-69.0%	565,2 k €	+7.9%	523,6 k €	+13.8%	460,1 k €	+21.5%	378,8 k €	+22.5%	309,2 k €	+18.8%	260,2 k €	+33.8%	194,5 k €	+7.5%	180,9 k €	-8.9%	198,7 k €	-20.6%	250,3 k €	-25.0%	333,6 k €	+0.8%	330,9 k €
Total assets	1 M €	-17.8%	1,2 M €	+3.5%	1,2 M €	-1.9%	1,2 M €	-6.3%	1,3 M €	-7.4%	1,4 M €	-12.2%	1,6 M €	+3.6%	1,5 M €	+68.7%	917 k €	-8.8%	1 M €	-14.6%	1,2 M €	+6.4%	1,1 M €	-10.0%	1,2 M €	+0.9%	1,2 M €	-3.8%	1,3 M €	+2.4%	1,2 M €	+7.2%	1,2 M €	-8.0%	1,3 M €	-27.4%	1,7 M €	-23.0%	2,2 M €
Cash	395,3 k €	+457%	70,9 k €	+36.5%	52 k €	-68.1%	162,7 k €	-60.9%	416,2 k €	+34.9%	308,5 k €	+53.5%	201 k €	-4.8%	211 k €	+132%	91 k €	-29.8%	129,5 k €	-51.4%	266,2 k €	+93.3%	137,7 k €	-30.5%	198,3 k €	+45.2%	136,6 k €	-6.9%	146,7 k €	+295%	37,2 k €	+74.7%	21,3 k €	+372%	4,5 k €	+81.7%	2,5 k €	+109%	1,2 k €
Debts	693,3 k €	-27.0%	950 k €	+6.4%	892,7 k €	-18.4%	1,1 M €	-5.5%	1,2 M €	-6.6%	1,2 M €	-12.6%	1,4 M €	+7.2%	1,3 M €	+291%	338,2 k €	-27.3%	465 k €	-33.5%	698,9 k €	-1.0%	705,8 k €	-21.3%	896,9 k €	-3.7%	931,4 k €	-10.7%	1 M €	+1.9%	1 M €	+11.3%	919,4 k €	-4.8%	965,5 k €	+20.6%	800,3 k €	-33.6%	1,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

Sébastien Cools

Director · since 26 novembre 2025

Active

CAD Architecten en Planners

Managing director · since 03 juin 2024 · until 26 novembre 2025 · 0811.197.835

Represented by Sébastien Cools

Active

L.P.C.

Director · since 03 juin 2024 · until 26 novembre 2025 · 0473.133.336

Represented by Leopold Cools

Active

Ended mandates

CAD Architecten en Planners

Managing director · since 03 juin 2024 · until 02 juin 2030 · 0811.197.835

Represented by Sébastien Cools

Ended

L.P.C.

Director · since 03 juin 2024 · until 02 juin 2030 · 0473.133.336

Represented by Leopold Cools

Ended

L.P.C.

Director · since 09 juillet 2018 · until 03 juin 2024 · 0473.133.336

Represented by Leopold Cools

Ended

Sébastien Cools

Managing director · since 09 juillet 2018 · until 03 juin 2024

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2026	26/07/2025	31/07/2024	28/07/2023	11/07/2022	16/06/2021
General meeting	22/06/2026	23/06/2025	24/06/2024	26/06/2023	06/06/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	26/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	16/06/2021	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	03/07/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	16/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	01/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	09/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

Sébastien Cools

Director · since 26 novembre 2025

Active

CAD Architecten en Planners

Managing director · since 03 juin 2024 · until 26 novembre 2025 · 0811.197.835

Represented by Sébastien Cools

Active

L.P.C.

Director · since 03 juin 2024 · until 26 novembre 2025 · 0473.133.336

Represented by Leopold Cools

Active

Ended mandates

CAD Architecten en Planners

Managing director · since 03 juin 2024 · until 02 juin 2030 · 0811.197.835

Represented by Sébastien Cools

Ended

L.P.C.

Director · since 03 juin 2024 · until 02 juin 2030 · 0473.133.336

Represented by Leopold Cools

Ended

L.P.C.

Director · since 09 juillet 2018 · until 03 juin 2024 · 0473.133.336

Represented by Leopold Cools

Ended

Sébastien Cools

Managing director · since 09 juillet 2018 · until 03 juin 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/07/2018
KAPITAAL - AANDELEN
PDF
Mandates20/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/05/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/02/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates01/02/2016
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2015
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025150 k €↑
2024
Annual accounts 2024138,7 k €↓
2023
Annual accounts 2023167,7 k €↑
2022
Annual accounts 202289,7 k €↓
2021
Annual accounts 202197 k €↑
2020
Annual accounts 202091 k €↑
2019
Annual accounts 201943 k €↑
2018
Annual accounts 2018-8,6 k €↓
2017
Annual accounts 201741,6 k €↓
2016
Annual accounts 201663,5 k €↓
2015
Annual accounts 201581,3 k €↑
2014
Annual accounts 201469,6 k €↑
2013
Annual accounts 201349 k €↓
2012
Annual accounts 201265,7 k €↑
2011
Annual accounts 201113,5 k €↑
2010
Annual accounts 2010-17,8 k €↑
2009
Annual accounts 2009-51,6 k €↑
2008
Annual accounts 2008-83,4 k €↓
2007
Annual accounts 20072,7 k €↓
2006
Annual accounts 200620,1 k €
28/12/1983
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Cadco

Overview

What does Cadco do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline