ACTIVE

KARDECO

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Financial year 2025 · closed on 31/12/2025
Net result
-52,1 k €
-1261.1% YoY
Gross margin
-40,7 k €
-261.4% YoY
Equity
678,2 €
-98.7% YoY

What does KARDECO do?

KARDECO is a Private limited company incorporated in 1985. Its main activity is: Development of building projects. Its registered office is in Niel.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0427.600.348
Incorporation
20/08/1985
Legal form
Private limited company
Registered office
Galileilaan 15
2845 Niel · FlandreSee on map
Contributed capital
18 592,43 €
Latest accounts
31/12/2025
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate70111Activities of head offices41001Construction of buildings41201Construction of residential and non-residential buildings43120Site preparation+6
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin-40,7 k €25,2 k €63,4 k €-4,3 k €58,2 k €137,6 k €41,5 k €64,3 k €49,1 k €24,5 k €-873 €12,1 k €-10,7 k €34,9 k €42,9 k €25,7 k €36,3 k €20 k €34,7 k €5,2 k €
EBITDA-41,2 k €24,7 k €62,4 k €-17,5 k €27,4 k €102,4 k €40,6 k €62,6 k €48,1 k €23,6 k €-2 k €11,3 k €-11,4 k €31,8 k €42,2 k €24,3 k €35,6 k €18,8 k €33,9 k €4,3 k €
Operating result-41,9 k €24,2 k €62,3 k €-17,6 k €17,2 k €108,3 k €30,3 k €51,9 k €30,6 k €15,6 k €-9 k €4,2 k €-18,5 k €24,3 k €40,5 k €18 k €29,4 k €12,6 k €28,1 k €-308,9 €
Net result-52,1 k €4,5 k €40,7 k €-11,9 k €10,7 k €68,1 k €16,5 k €30 k €17 k €14,9 k €-8,6 k €3,1 k €-20,7 k €23,8 k €26,7 k €11,7 k €20 k €8,5 k €20,5 k €27,6 €
Balance sheet
Equity678,2 €52,8 k €48,3 k €7,6 k €105,9 k €241,6 k €173,5 k €157 k €127 k €110 k €95 k €103,6 k €100,5 k €129,7 k €105,9 k €94,2 k €82,5 k €62,5 k €54 k €33,5 k €
Total assets338,5 k €351,4 k €240,4 k €185,4 k €473,9 k €454,2 k €417,6 k €396 k €420,8 k €207,6 k €141,3 k €122,3 k €197,9 k €158,9 k €141,5 k €110 k €105,2 k €89,1 k €84,2 k €77,3 k €
Cash96,2 k €96,1 k €76,6 k €102,8 k €258,6 k €188,6 k €100,2 k €228,6 k €94 k €13,1 k €41,9 k €9,4 k €98,6 k €109,1 k €78,5 k €82,4 k €51,5 k €45,3 k €37,4 k €38,5 k €
Debts296,5 k €298,2 k €191,5 k €158,5 k €346,2 k €191,9 k €222,5 k €224,3 k €258,8 k €82 k €26,5 k €18,7 k €97,4 k €28,6 k €35,6 k €15,7 k €22,7 k €26,3 k €29,9 k €43,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

BMCDENIS

Director · 0834.200.394

Represented by LAURENT DENIS

Active

Ended mandates

Karine De Coster

Manager · since 05 janvier 2010 · until 29 décembre 2011

Ended
Karine De Coster

Manager · since 05 janvier 2010

Ended
Roger Bruyns

Director · since 02 août 2006

Ended
Roger Bruyns

Manager · since 02 août 2006

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/08/202628/08/202509/08/202417/08/202305/07/202208/07/2021
General meeting03/06/202604/06/202505/06/202407/06/202317/05/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202610/08/2026DutchPDF
Abridged model31/12/202404/06/202528/08/2025DutchPDF
Abridged model31/12/202305/06/202409/08/2024DutchPDF
Micro model31/12/202207/06/202317/08/2023DutchPDF
Micro model31/12/202117/05/202205/07/2022DutchPDF
Micro model31/12/202016/06/202108/07/2021DutchPDF
Micro model31/12/201903/06/202002/10/2020DutchPDF
Micro model31/12/201815/06/201920/07/2019DutchPDF
Micro model31/12/201706/06/201806/07/2018DutchPDF
Micro model31/12/201607/06/201703/07/2017DutchPDF
Abridged model31/12/201525/06/201625/07/2016DutchPDF
Abridged model31/12/201403/06/201530/06/2015DutchPDF
Abridged model31/12/201316/06/201415/07/2014DutchPDF
Abridged model31/12/201205/06/201304/07/2013DutchPDF
Abridged model31/12/201106/06/201205/07/2012DutchPDF
Abridged model31/12/201001/06/201130/06/2011DutchPDF
Abridged model31/12/200902/06/201002/08/2010DutchPDF
Abridged model31/12/200803/06/200924/06/2009DutchPDF
Abridged model31/12/200704/06/200801/07/2008DutchPDF
Abridged model31/12/200613/06/200710/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 4 ended

Active mandates

BMCDENIS

Director · 0834.200.394

Represented by LAURENT DENIS

Active

Ended mandates

Karine De Coster

Manager · since 05 janvier 2010 · until 29 décembre 2011

Ended
Karine De Coster

Manager · since 05 janvier 2010

Ended
Roger Bruyns

Director · since 02 août 2006

Ended
Roger Bruyns

Manager · since 02 août 2006

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office06/02/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/07/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/04/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares20/01/2014
    KAPITAAL - AANDELEN
    PDF
  • Mandates11/04/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/01/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office02/07/2007
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office14/09/2006
    MAATSCHAPPELIJKE ZETEL - BENAMING - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 2025-52,1 k €↓
  2. 2024
    Annual accounts 20244,5 k €↓
  3. 2023
    Annual accounts 202340,7 k €↑
  4. 2022
    Annual accounts 2022-11,9 k €↓
  5. 2021
    Annual accounts 202110,7 k €↓
  6. 2020
    Annual accounts 202068,1 k €↑
  7. 2019
    Annual accounts 201916,5 k €↓
  8. 2018
    Annual accounts 201830 k €↑
  9. 2017
    Annual accounts 201717 k €↑
  10. 2016
    Annual accounts 201614,9 k €↑
  11. 2015
    Annual accounts 2015-8,6 k €↓
  12. 2014
    Annual accounts 20143,1 k €↑
  13. 2013
    Annual accounts 2013-20,7 k €↓
  14. 2012
    Annual accounts 201223,8 k €↓
  15. 2011
    Annual accounts 201126,7 k €↑
  16. 2010
    Annual accounts 201011,7 k €↓
  17. 2009
    Annual accounts 200920 k €↑
  18. 2008
    Annual accounts 20088,5 k €↓
  19. 2007
    Annual accounts 200720,5 k €↑
  20. 2006
    Annual accounts 200627,6 €
  21. 20/08/1985
    IncorporationPrivate limited company