ACTIVE

Cadac Group

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Financial year 2025 · closed on 31/12/2025
Net result
54,8 k €
-43.5% YoY
Gross margin
692 k €
-1.1% YoY
Equity
591,2 k €
+10.2% YoY
Workforce
5,0 ETP
0.0% YoY

What does Cadac Group do?

Cadac Group is a Public limited company incorporated in 1995. Its main activity is: Computer programming activities. Its registered office is in Hasselt. It employs on average 5,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0454.356.512
Incorporation
31/01/1995
Legal form
Public limited company
Registered office
Koning Boudewijnlaan 20A
3500 Hasselt · FlandreSee on map
Contributed capital
400 000,00 €
Latest accounts
31/12/2025
Average workforce
5,0 ETP
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities72220Research and experimental development on social sciences and humanities
Joint committees (3)
  • 2000
  • 20018
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212019201720162015201420132012201120102009200820072006
Income statement
Gross margin692 k €699,5 k €482,2 k €597 k €672,9 k €332,2 k €358,8 k €393 k €–––––461,9 k €304,4 k €650,8 k €628,4 k €416,6 k €
EBITDA93,2 k €129,5 k €-77,9 k €27,9 k €60,7 k €23,1 k €-23,6 k €-49,6 k €164,8 k €19,1 k €196,9 k €300,2 k €179,3 k €154,7 k €-150,7 k €154,9 k €188,4 k €43,7 k €
Operating result80,7 k €109,1 k €-98,5 k €1,3 k €33,5 k €8,7 k €-36,3 k €-67,4 k €135,5 k €-4 k €157,7 k €269,2 k €158,5 k €132,9 k €-190,2 k €117,5 k €140,3 k €20,9 k €
Net result54,8 k €97,1 k €-100,4 k €-5,9 k €25,5 k €6,6 k €-34,6 k €-61 k €95,7 k €2,2 k €106 k €201,7 k €108,9 k €130,8 k €-195,4 k €124,3 k €127,4 k €7,5 k €
Balance sheet
Equity591,2 k €536,4 k €439,3 k €539,6 k €545,5 k €557,7 k €520,3 k €554,9 k €615,9 k €520,2 k €518 k €412,1 k €285,3 k €176,4 k €45,6 k €241 k €116,7 k €-10,6 k €
Total assets1,3 M €934,3 k €614,9 k €1,1 M €1,2 M €776,4 k €800,6 k €812,8 k €868,4 k €798,6 k €956,6 k €816,5 k €634,9 k €521 k €486 k €787 k €873,4 k €525,7 k €
Cash30,8 k €179,6 k €386,7 k €45,6 k €97,7 k €211,7 k €84,2 k €486,3 k €434,1 k €130,1 k €344,7 k €237,1 k €147,2 k €111,8 k €9,3 k €25,4 k €27,6 k €17,4 k €
Debts746,9 k €398 k €175,7 k €576,1 k €639,2 k €218,7 k €280,3 k €257,9 k €252,4 k €278,4 k €438,6 k €302,4 k €224,6 k €256,8 k €411,4 k €493,2 k €621,7 k €459,4 k €
Other
Workforce5,0 ETP5,0 ETP5,0 ETP5,8 ETP6,0 ETP4,5 ETP5,3 ETP6,1 ETP6,0 ETP5,2 ETP6,5 ETP5,3 ETP4,9 ETP5,3 ETP6,6 ETP10,0 ETP7,5 ETP7,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 23 ended

Active mandates

Astrid Petronella Hubertina van de Sande-Spiertz

Director · since 25 août 2025

Active
Cadac Group Beheer B.V.

Managing director · since 28 juillet 2020 · until 17 juillet 2026

Represented by Baggen Johannes

Active
Twinport Geleendal Beheer B.V.

Director · since 28 juillet 2020 · until 25 août 2025

Represented by Hildegarde Deutschman

Active

Ended mandates

Cadac Group Beheer Bv

Director · since 28 juillet 2020 · until 03 juin 2026

Represented by Baggen JOHANNES

Ended
Cadac Group Beheer Bv BV

Director · since 28 juillet 2020 · until 03 juin 2026

Represented by Baggen JOHANNES

Ended
Twinport Geleendal Beheer

Director · since 28 juillet 2020 · until 03 juin 2026

Represented by Deutschman HILDEGARDE

Ended
Twinport Geleendal Beheer BV

Director · since 28 juillet 2020 · until 03 juin 2026

Represented by Deutschman HILDEGARDE

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date15/07/202618/07/202526/07/202431/08/202320/07/202216/07/2021
General meeting14/07/202617/07/202524/07/202431/07/202320/07/202215/07/2021
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 model31/12/202514/07/202615/07/2026DutchPDF
Abridged model31/12/202417/07/202518/07/2025DutchPDF
Abridged model31/12/202324/07/202426/07/2024DutchPDF
Abridged model31/12/202231/07/202331/08/2023DutchPDF
Abridged model31/12/202120/07/202220/07/2022DutchPDF
Abridged model31/12/202015/07/202116/07/2021DutchPDF
Abridged model31/12/201930/07/202007/09/2020DutchPDF
Abridged model31/12/201828/06/201910/07/2019DutchPDF
Abridged model31/12/201706/06/201816/08/2018DutchPDF
Abridged model31/12/201607/06/201709/06/2017DutchPDF
Full model31/12/201501/06/201627/06/2016DutchPDF
Full model31/12/201403/06/201530/06/2015DutchPDF
Full model31/12/201302/06/201417/06/2014DutchPDF
Full model31/12/201203/05/201317/05/2013DutchPDF
Full model31/12/201106/06/201218/06/2012DutchPDF
Abridged model31/12/201010/05/201107/06/2011DutchPDF
Abridged model31/12/200902/06/201012/08/2010DutchPDF
Abridged model31/12/200803/06/200924/08/2009DutchPDF
Abridged model31/12/200704/06/200822/07/2008DutchPDF
Abridged model31/12/200606/06/200730/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 23 ended

Active mandates

Astrid Petronella Hubertina van de Sande-Spiertz

Director · since 25 août 2025

Active
Cadac Group Beheer B.V.

Managing director · since 28 juillet 2020 · until 17 juillet 2026

Represented by Baggen Johannes

Active
Twinport Geleendal Beheer B.V.

Director · since 28 juillet 2020 · until 25 août 2025

Represented by Hildegarde Deutschman

Active

Ended mandates

Cadac Group Beheer Bv

Director · since 28 juillet 2020 · until 03 juin 2026

Represented by Baggen JOHANNES

Ended
Cadac Group Beheer Bv BV

Director · since 28 juillet 2020 · until 03 juin 2026

Represented by Baggen JOHANNES

Ended
Twinport Geleendal Beheer

Director · since 28 juillet 2020 · until 03 juin 2026

Represented by Deutschman HILDEGARDE

Ended
Twinport Geleendal Beheer BV

Director · since 28 juillet 2020 · until 03 juin 2026

Represented by Deutschman HILDEGARDE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/08/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/02/2026
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Capital / shares29/09/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates29/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates05/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/05/2022
    MAATSCHAPPELIJKE ZETEL
    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 202554,8 k €↓
  2. 2024
    Annual accounts 202497,1 k €↑
  3. 2023
    Annual accounts 2023-100,4 k €↓
  4. 2022
    Annual accounts 2022-5,9 k €↓
  5. 2021
    Annual accounts 202125,5 k €↑
  6. 2019
    Annual accounts 20196,6 k €↑
  7. 2017
    Annual accounts 2017-34,6 k €↑
  8. 2016
    Annual accounts 2016-61 k €↓
  9. 2015
    Annual accounts 201595,7 k €↑
  10. 2014
    Annual accounts 20142,2 k €↓
  11. 2013
    Annual accounts 2013106 k €↓
  12. 2012
    Annual accounts 2012201,7 k €↑
  13. 2011
    Annual accounts 2011108,9 k €↓
  14. 2010
    Annual accounts 2010130,8 k €↑
  15. 2009
    Annual accounts 2009-195,4 k €↓
  16. 2008
    Annual accounts 2008124,3 k €↓
  17. 2007
    Annual accounts 2007127,4 k €↑
  18. 2006
    Annual accounts 20067,5 k €
  19. 31/01/1995
    IncorporationPublic limited company