ACTIVE

CARDIFF

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

412,9 k €

-65.8% YoY

Gross margin

1,3 M €

-49.4% YoY

Equity

4,2 M €

-21.1% YoY

Workforce

9,4 ETP

+4.4% YoY

What does CARDIFF do?

CARDIFF is a Public limited company incorporated in 1985. Its registered office is in Zulte. It employs on average 9,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.267.767

Incorporation

15/11/1985

Legal form

Public limited company

Registered office

Grote Steenweg 193
9870 Zulte · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

9,4 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,3 M €	-49.4%	2,6 M €	-0.3%	2,6 M €	+73.1%	1,5 M €	+6.7%	1,4 M €	+64.6%	865 k €	-45.5%	1,6 M €	+43.7%	1,1 M €	+20.0%	919,8 k €	+18.4%	776,7 k €	+80.2%	431 k €	-28.4%	601,8 k €	+25.4%	479,9 k €	+2.2%	469,6 k €	+8.8%	431,8 k €	-0.2%	432,5 k €	+46.6%	295 k €	-23.3%	384,5 k €	+11.4%	345,3 k €
EBITDA	823,9 k €	-59.8%	2 M €	-5.3%	2,2 M €	+95.0%	1,1 M €	-7.0%	1,2 M €	+91.4%	623,5 k €	-52.3%	1,3 M €	+45.5%	899,1 k €	+16.6%	771,2 k €	+16.6%	661,4 k €	+117%	304,2 k €	-40.9%	514,7 k €	+38.0%	373,1 k €	-2.5%	382,5 k €	+1.3%	377,6 k €	-2.6%	387,8 k €	+56.1%	248,5 k €	-25.7%	334,5 k €	+12.0%	298,7 k €
Operating result	618,8 k €	-63.4%	1,7 M €	-13.5%	2 M €	+112%	921,1 k €	-17.1%	1,1 M €	+112%	524,6 k €	-55.9%	1,2 M €	+51.8%	784,6 k €	+21.0%	648,5 k €	+18.1%	549,2 k €	+171%	203 k €	-49.4%	401,5 k €	+59.2%	252,2 k €	+4.9%	240,3 k €	+5.8%	227,1 k €	-39.3%	374,2 k €	+66.1%	225,3 k €	-26.4%	306 k €	+12.6%	271,8 k €
Net result	412,9 k €	-65.8%	1,2 M €	-11.4%	1,4 M €	+116%	631,6 k €	-5.0%	665 k €	+81.3%	366,9 k €	-44.7%	663,3 k €	+55.9%	425,6 k €	+9.0%	390,4 k €	+116%	180,4 k €	+102%	89,2 k €	-56.5%	204,9 k €	+76.1%	116,3 k €	-2.7%	119,6 k €	-43.8%	212,8 k €	+67.3%	127,2 k €	+21.5%	104,7 k €	-28.8%	147,1 k €	+47.8%	99,5 k €
Balance sheet
Equity	4,2 M €	-21.1%	5,4 M €	+11.2%	4,8 M €	+24.0%	3,9 M €	+19.3%	3,3 M €	+25.5%	2,6 M €	+16.4%	2,2 M €	+42.2%	1,6 M €	-36.3%	2,5 M €	+24.4%	2 M €	+10.0%	1,8 M €	+5.2%	1,7 M €	+3.5%	1,7 M €	+7.5%	1,5 M €	+8.4%	1,4 M €	+17.6%	1,2 M €	+11.8%	1,1 M €	+14.8%	943,3 k €	+18.5%	796,3 k €
Total assets	5,1 M €	-19.2%	6,3 M €	+16.2%	5,4 M €	+11.1%	4,9 M €	+14.4%	4,3 M €	+34.9%	3,2 M €	-47.5%	6 M €	+21.7%	5 M €	+20.4%	4,1 M €	-19.9%	5,1 M €	+10.3%	4,7 M €	+8.1%	4,3 M €	-1.4%	4,4 M €	-12.8%	5 M €	+15.9%	4,3 M €	+34.4%	3,2 M €	+1.4%	3,2 M €	+4.1%	3,1 M €	+6.4%	2,9 M €
Cash	1,3 M €	-22.1%	1,7 M €	+88.9%	899,7 k €	-31.1%	1,3 M €	-12.1%	1,5 M €	+71.2%	868,6 k €	+732%	104,4 k €	-84.8%	685,3 k €	-29.2%	967,9 k €	+257%	271,1 k €	+231%	81,9 k €	-40.8%	138,4 k €	+355%	30,4 k €	-83.5%	184,4 k €	-44.4%	331,5 k €	+804%	36,7 k €	-37.2%	58,4 k €	+153%	23,1 k €	-8.1%	25,1 k €
Debts	854 k €	-8.5%	933,6 k €	+56.1%	598,3 k €	-39.7%	992,4 k €	-1.4%	1 M €	+77.6%	566,9 k €	-85.1%	3,8 M €	+12.1%	3,4 M €	+106%	1,6 M €	-47.8%	3,2 M €	+10.5%	2,9 M €	+10.0%	2,6 M €	-4.3%	2,7 M €	-21.8%	3,5 M €	+19.5%	2,9 M €	+50.6%	1,9 M €	-7.9%	2,1 M €	-0.7%	2,1 M €	+1.7%	2,1 M €
Other
Workforce	9,4 ETP	+4.4%	9,0 ETP	-6.2%	9,6 ETP	+20.0%	8,0 ETP	+42.9%	5,6 ETP	0.0%	5,6 ETP	-5.1%	5,9 ETP	+28.3%	4,6 ETP	+39.4%	3,3 ETP	+17.9%	2,8 ETP	-6.7%	3,0 ETP	+15.4%	2,6 ETP	-13.3%	3,0 ETP	+15.4%	2,6 ETP	+44.4%	1,8 ETP	-5.3%	1,9 ETP	-5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

CHRISTOPHE GOETHALS

Director

Active

Ended mandates

CHRISTOPHE GOETHALS

Managing director · since 23 décembre 2017 · until 23 décembre 2023

Ended

VANGO

Director · since 23 décembre 2017 · until 23 décembre 2023 · 0453.930.997

Represented by ILSE VANDEPUTTE

Ended

CHRISTOPHE GOETHALS

Director · since 23 décembre 2011 · until 23 décembre 2017

Ended

CHRISTOPHE GOETHALS

Managing director · since 23 décembre 2011 · until 23 décembre 2017

Ended

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	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	13 months	12 months	12 months
Filing date	15/07/2026	23/07/2025	11/07/2024	13/07/2023	23/06/2022	31/05/2021
General meeting	26/06/2026	27/06/2025	26/06/2024	30/06/2023	30/05/2022	03/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	15/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	26/06/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	13/07/2023	Dutch	PDF
Abridged model	30/11/2021	30/05/2022	23/06/2022	Dutch	PDF
Abridged model	30/11/2020	03/05/2021	31/05/2021	Dutch	PDF
Abridged model	30/11/2019	04/05/2020	03/06/2020	Dutch	PDF
Abridged model	30/11/2018	06/05/2019	29/05/2019	Dutch	PDF
Abridged model	30/11/2017	07/05/2018	07/06/2018	Dutch	PDF
Abridged model	30/11/2016	02/05/2017	01/06/2017	Dutch	PDF
Abridged model	30/11/2015	02/05/2016	31/05/2016	Dutch	PDF
Abridged model	30/11/2014	04/05/2015	29/05/2015	Dutch	PDF
Abridged model	30/11/2013	26/05/2014	05/06/2014	Dutch	PDF
Abridged model	30/11/2012	06/05/2013	30/05/2013	Dutch	PDF
Abridged model	30/11/2011	07/05/2012	16/05/2012	Dutch	PDF
Abridged model	30/11/2010	02/05/2011	26/05/2011	Dutch	PDF
Abridged model	30/11/2009	03/05/2010	20/05/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	14/05/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	12/06/2008	Dutch	PDF
Abridged model	30/11/2006	17/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 active · 11 ended

Active mandates

CHRISTOPHE GOETHALS

Director

Active

Ended mandates

CHRISTOPHE GOETHALS

Managing director · since 23 décembre 2017 · until 23 décembre 2023

Ended

VANGO

Director · since 23 décembre 2017 · until 23 décembre 2023 · 0453.930.997

Represented by ILSE VANDEPUTTE

Ended

CHRISTOPHE GOETHALS

Director · since 23 décembre 2011 · until 23 décembre 2017

Ended

CHRISTOPHE GOETHALS

Managing director · since 23 décembre 2011 · until 23 décembre 2017

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares19/11/2018
KAPITAAL - AANDELEN
PDF
Mandates07/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/12/2013
KAPITAAL - AANDELEN
PDF
Capital / shares27/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Registered office20/05/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/11/2006
BOEKJAAR - 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 2025412,9 k €↓
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 2022631,6 k €↓
2021
Annual accounts 2021665 k €↑
2020
Annual accounts 2020366,9 k €↓
2019
Annual accounts 2019663,3 k €↑
2018
Annual accounts 2018425,6 k €↑
2017
Annual accounts 2017390,4 k €↑
2015
Annual accounts 2015180,4 k €↑
2014
Annual accounts 201489,2 k €↓
2013
Annual accounts 2013204,9 k €↑
2012
Annual accounts 2012116,3 k €↓
2011
Annual accounts 2011119,6 k €↓
2010
Annual accounts 2010212,8 k €↑
2009
Annual accounts 2009127,2 k €↑
2008
Annual accounts 2008104,7 k €↓
2007
Annual accounts 2007147,1 k €↑
2006
Annual accounts 200699,5 k €
15/11/1985
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

CARDIFF

Overview

What does CARDIFF do?

Trend over 19 financial years

Indicative valuation

Board of directors

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