ACTIVE

KABANDY

Financial year 2025 · closed on 31/12/2025
Net result
-113,5 k €
-92.3% YoY
Gross margin
742,9 k €
+11.3% YoY
Equity
1,2 M €
-11.6% YoY
Workforce
4,3 ETP
+2.4% YoY

What does KABANDY do?

KABANDY is a Public limited company incorporated in 2016. Its main activity is: Computer programming activities. Its registered office is in Etterbeek. It employs on average 4,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0649.859.121
Incorporation
11/03/2016
Legal form
Public limited company
Registered office
Rue des Pères Blancs 4
1040 Etterbeek · BruxellesSee on map
Contributed capital
2 126 331,00 €
Latest accounts
31/12/2025
Average workforce
4,3 ETP
Joint committees (1)
  • 200
Signals
Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin742,9 k €667,8 k €379,2 k €269,4 k €212,9 k €204,8 k €162,6 k €21,4 k €-21,5 k €
EBITDA314,8 k €281,7 k €40,7 k €-55,1 k €-62,1 k €-36,6 k €-35,7 k €-37 k €-21,8 k €
Operating result-139,7 k €-87,6 k €-252,4 k €-255,6 k €-189,2 k €-111,4 k €-39,6 k €-40,3 k €-25,6 k €
Net result-113,5 k €-59 k €-229,7 k €-233,8 k €-216,7 k €-100,9 k €-69,6 k €-55,9 k €-32,2 k €
Balance sheet
Equity1,2 M €1,3 M €1,4 M €1,2 M €-124,3 k €205,3 k €356,3 k €425,9 k €-18,2 k €
Total assets2,3 M €2,2 M €2,5 M €1,7 M €1,3 M €1 M €928,1 k €918 k €209,1 k €
Cash72,7 k €10,9 k €29,2 k €183,3 k €600 €107,4 k €5,9 k €
Debts443,2 k €371 k €414 k €395,1 k €1,3 M €768,1 k €543,4 k €478,9 k €221,8 k €
Other
Workforce4,3 ETP4,2 ETP4,1 ETP4,9 ETP
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 · 6 active · 7 ended

Active mandates

COREMAN

Director · since 18 août 2025 · until 25 mai 2026 · 0871.720.885

Represented by Eric Doff-Sotta

Active
Visium MV

Director · since 17 novembre 2023 · until 25 mai 2026 · 0800.534.763

Represented by Marc-André GENNART

Active
Thomas VANDENBERGH

Director · since 01 septembre 2022 · until 25 mai 2026

Active
50°NORTH VENTURES

Director · since 11 avril 2022 · until 29 mars 2025 · 0507.740.263

Represented by Adrien VAN DER BORGHT

Active
Benoit DESCAMPS

Director · since 11 avril 2022 · until 25 mai 2026

Active
SAMBRINVEST SPIN-OFF/SPIN-OUT

Director · since 11 avril 2022 · until 25 mai 2026 · 0884.341.575

Represented by Fabrice CAROSELLA

Active

Ended mandates

50°NORTH VENTURES

Director · since 11 avril 2022 · until 25 mai 2026 · 0507.740.263

Represented by Adrien VAN DER BORGHT

Ended
Diego D'UDEKEM D'ACOZ

Director · since 11 avril 2022 · until 25 mai 2026

Ended
Benoit DESCAMPS

Director · since 11 mars 2016

Ended
Benoit DESCAMPS

Manager · since 11 mars 2016

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged 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 date24/06/202626/06/202507/07/202404/06/202302/05/202206/05/2021
General meeting18/06/202602/06/202527/05/202430/05/202331/03/202231/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Try for 7 days
Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202518/06/202624/06/2026FrenchPDF
Abridged model31/12/202402/06/202526/06/2025FrenchPDF
Abridged model31/12/202327/05/202407/07/2024FrenchPDF
Abridged model31/12/202230/05/202304/06/2023FrenchPDF
Micro model31/12/202131/03/202202/05/2022FrenchPDF
Micro model31/12/202031/03/202106/05/2021FrenchPDF
Micro model31/12/201931/03/202002/04/2020FrenchPDF
Micro model31/12/201831/03/201914/05/2019FrenchPDF
Micro model31/12/201731/03/201823/04/2018FrenchPDF
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 · 6 active · 7 ended

Active mandates

COREMAN

Director · since 18 août 2025 · until 25 mai 2026 · 0871.720.885

Represented by Eric Doff-Sotta

Active
Visium MV

Director · since 17 novembre 2023 · until 25 mai 2026 · 0800.534.763

Represented by Marc-André GENNART

Active
Thomas VANDENBERGH

Director · since 01 septembre 2022 · until 25 mai 2026

Active
50°NORTH VENTURES

Director · since 11 avril 2022 · until 29 mars 2025 · 0507.740.263

Represented by Adrien VAN DER BORGHT

Active
Benoit DESCAMPS

Director · since 11 avril 2022 · until 25 mai 2026

Active
SAMBRINVEST SPIN-OFF/SPIN-OUT

Director · since 11 avril 2022 · until 25 mai 2026 · 0884.341.575

Represented by Fabrice CAROSELLA

Active

Ended mandates

50°NORTH VENTURES

Director · since 11 avril 2022 · until 25 mai 2026 · 0507.740.263

Represented by Adrien VAN DER BORGHT

Ended
Diego D'UDEKEM D'ACOZ

Director · since 11 avril 2022 · until 25 mai 2026

Ended
Benoit DESCAMPS

Director · since 11 mars 2016

Ended
Benoit DESCAMPS

Manager · since 11 mars 2016

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/12/2023
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/06/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/04/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Other15/03/2016
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025-113,5 k €
  2. 2024
    Annual accounts 2024-59 k €
  3. 2023
    Annual accounts 2023-229,7 k €
  4. 2022
    Annual accounts 2022-233,8 k €
  5. 2021
    Annual accounts 2021-216,7 k €
  6. 2020
    Annual accounts 2020-100,9 k €
  7. 2019
    Annual accounts 2019-69,6 k €
  8. 2018
    Annual accounts 2018-55,9 k €
  9. 2017
    Annual accounts 2017-32,2 k €
  10. 11/03/2016
    IncorporationPublic limited company