ACTIVE

CADIES

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

30,8 k €

-28.2% YoY

Gross margin

182 k €

+11.8% YoY

Equity

201,4 k €

+18.1% YoY

What does CADIES do?

CADIES is a Private limited company incorporated in 1990. Its registered office is in Geel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.361.966

Incorporation

06/11/1990

Legal form

Private limited company

Registered office

Keulsekarstraat 38
2440 Geel · FlandreSee on map

Contributed capital

12 394,67 €

Latest accounts

31/12/2025

Joint committees (3)

124
12400
20000

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 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	182 k €	+11.8%	162,8 k €	+12.0%	145,4 k €	+10.8%	131,3 k €	+26.9%	103,4 k €	-59.2%	253,6 k €	+25.2%	202,6 k €	-3.2%	209,3 k €	-19.3%	259,4 k €	+1.6%	255,4 k €	+23.5%	206,8 k €	-25.4%	277,2 k €	+30.3%	212,8 k €	-1.0%	215,1 k €	+5.9%	203 k €	-3.0%	209,2 k €	+36.9%	152,8 k €	-5.7%	162,1 k €
EBITDA	59,8 k €	-24.3%	79 k €	+29.7%	60,9 k €	+49.6%	40,7 k €	-28.0%	56,5 k €	-1.8%	57,5 k €	+108%	27,6 k €	-18.2%	33,8 k €	+10.7%	30,5 k €	+6.0%	28,8 k €	+403%	-9,5 k €	-130%	31,5 k €	+300%	7,9 k €	-69.0%	25,4 k €	-32.8%	37,9 k €	+31.2%	28,9 k €	+15.0%	25,1 k €	-16.6%	30,1 k €
Operating result	40,4 k €	-32.2%	59,6 k €	+19.8%	49,7 k €	+52.0%	32,7 k €	-18.3%	40,1 k €	+92.7%	20,8 k €	+39.0%	15 k €	-0.2%	15 k €	-13.9%	17,4 k €	+3.8%	16,8 k €	+174%	-22,6 k €	-318%	10,4 k €	+198%	-10,6 k €	-296%	5,4 k €	-68.6%	17,2 k €	+146%	7 k €	-45.3%	12,8 k €	-15.0%	15 k €
Net result	30,8 k €	-28.2%	42,9 k €	-3.5%	44,4 k €	+74.1%	25,5 k €	-14.4%	29,8 k €	+61.0%	18,5 k €	+60.0%	11,6 k €	-39.5%	19,1 k €	+40.2%	13,7 k €	-21.7%	17,4 k €	+183%	-21 k €	-395%	7,1 k €	+152%	-13,8 k €	-955%	1,6 k €	-85.5%	11,1 k €	+140%	4,6 k €	-39.3%	7,6 k €	-20.3%	9,6 k €
Balance sheet
Equity	201,4 k €	+18.1%	170,6 k €	+11.6%	152,8 k €	+15.4%	132,3 k €	-7.3%	142,8 k €	+48.3%	96,3 k €	+23.8%	77,8 k €	+9.2%	71,2 k €	-36.5%	112,1 k €	+13.9%	98,4 k €	+21.5%	81 k €	-20.6%	102 k €	+7.5%	94,8 k €	-12.7%	108,7 k €	+1.5%	107 k €	+11.6%	95,9 k €	+5.1%	91,3 k €	+9.1%	83,7 k €
Total assets	254,1 k €	+7.8%	235,6 k €	-5.2%	248,5 k €	+25.5%	197,9 k €	+6.8%	185,3 k €	-0.1%	185,6 k €	+45.1%	127,9 k €	-9.0%	140,5 k €	-5.8%	149,2 k €	+8.0%	138,1 k €	+6.8%	129,3 k €	-23.2%	168,3 k €	+5.6%	159,4 k €	+6.6%	149,6 k €	+2.5%	146 k €	-8.6%	159,7 k €	+49.8%	106,6 k €	-5.5%	112,8 k €
Cash	16,5 k €	-35.7%	25,7 k €	-8.2%	27,9 k €	-34.7%	42,8 k €	+14.0%	37,5 k €	+105%	18,3 k €	-32.4%	27 k €	-36.7%	42,7 k €	+39.0%	30,7 k €	-19.6%	38,2 k €	+175%	13,9 k €	-54.3%	30,4 k €	+235%	9,1 k €	-79.4%	44 k €	+301%	11 k €	-69.7%	36,3 k €	+174%	13,2 k €	-43.6%	23,4 k €
Debts	52,8 k €	-18.9%	65,1 k €	-32.0%	95,7 k €	+45.9%	65,6 k €	+54.2%	42,5 k €	-52.3%	89,2 k €	+78.1%	50,1 k €	-27.7%	69,3 k €	+86.8%	37,1 k €	-6.6%	39,7 k €	-17.8%	48,3 k €	-27.2%	66,3 k €	+2.8%	64,5 k €	+57.7%	40,9 k €	+5.1%	38,9 k €	-38.9%	63,7 k €	+318%	15,3 k €	-47.5%	29,1 k €
Other
Workforce	–		–		–		–		–		–		–		4,8 ETP	-9.4%	5,3 ETP	+6.0%	5,0 ETP	0.0%	5,0 ETP	-7.4%	5,4 ETP	+12.5%	4,8 ETP	+2.1%	4,7 ETP	+9.3%	4,3 ETP	0.0%	4,3 ETP	+53.6%	2,8 ETP	-6.7%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Dirk Belmans

Manager

Active

Martina Maes

Manager

Active

Ended mandates

Martine Maes

Manager · since 01 octobre 2010

Ended

Dirk Belmans

Director

Ended

Martina MAES

Director

Ended

Martine Maes

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	17/06/2026	21/06/2025	23/07/2024	30/06/2023	20/06/2022	30/06/2021
General meeting	15/06/2026	15/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021
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

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
Micro model	31/12/2025	15/06/2026	17/06/2026	Dutch	PDF
Micro model	31/12/2024	15/06/2025	21/06/2025	Dutch	PDF
Micro model	31/12/2023	15/06/2024	23/07/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	30/06/2023	Dutch	PDF
Micro model	31/12/2021	15/06/2022	20/06/2022	Dutch	PDF
Micro model	31/12/2020	15/06/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	15/06/2020	29/06/2020	Dutch	PDF
Micro model	31/12/2018	15/06/2019	26/06/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	13/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	26/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	04/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	20/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	18/06/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 4 ended

Active mandates

Dirk Belmans

Manager

Active

Martina Maes

Manager

Active

Ended mandates

Martine Maes

Manager · since 01 octobre 2010

Ended

Dirk Belmans

Director

Ended

Martina MAES

Director

Ended

Martine Maes

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates16/11/2010
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 202530,8 k €↓
2024
Annual accounts 202442,9 k €↓
2023
Annual accounts 202344,4 k €↑
2022
Annual accounts 202225,5 k €↓
2021
Annual accounts 202129,8 k €↑
2018
Annual accounts 201818,5 k €↑
2017
Annual accounts 201711,6 k €↓
2016
Annual accounts 201619,1 k €↑
2015
Annual accounts 201513,7 k €↓
2014
Annual accounts 201417,4 k €↑
2013
Annual accounts 2013-21 k €↓
2012
Annual accounts 20127,1 k €↑
2011
Annual accounts 2011-13,8 k €↓
2010
Annual accounts 20101,6 k €↓
2009
Annual accounts 200911,1 k €↑
2008
Annual accounts 20084,6 k €↓
2007
Annual accounts 20077,6 k €↓
2006
Annual accounts 20069,6 k €
06/11/1990
IncorporationPrivate 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

CADIES

Overview

What does CADIES do?

Trend over 18 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