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AL. RADCO

Active
Private limited companyfounded 199927 years activeMalgré-Toutstraat 50, 7700 Mouscron, BelgiumKBO/BCE: BE 0465.609.896
Summary

The computed 12-month bankruptcy probability of AL. RADCO is 4.5% (elevated). The 2024 annual accounts show equity of €340,545 and a net result of €4,555. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 763 sector peers (NACE 25, fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25120
1 site
Size
€3.8mtotal assets 2024
Staff
9.7 FTE
Equity
€340,545
Profit
€4,555
Financial health
36 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.5%
Structure
Parent
NEANKAST · 75.73%
Accounts 69 days overdue0 of 3 deeds read
Why 36- Figures for FY 2024 (filed 30-09-2025)- Equity €340,545 (8.9% of total assets)- Liquidity: current ratio 1.11, cash €205,243+ Founded in 1999Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 18% of its sector peers (NACE 25, micro)
Financial strength · tick = 2023
Weak
Solvency 34-1
equity 8.9% of total assets
Liquidity 7-2
short-term debt 89.3% · cash 5.3%
Profitability 30=
return on assets 0.1%
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,695 companies)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● unchanged vs 11-2024 01-2025: 1.1%● unchanged vs 12-2024lowest value 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.2%▲ +0.1 percentage points vs 02-2025 04-2025: 1.3%▲ +0.1 percentage points vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.4%▲ +0.1 percentage points vs 05-2025 07-2025: 1.6%▲ +0.2 percentage points vs 06-2025 08-2025: 2.2%▲ +0.6 percentage points vs 07-2025 09-2025: 2.7%▲ +0.5 percentage points vs 08-2025 10-2025: 1.6%▼ -1.1 percentage points vs 09-2025 11-2025: 1.6%● unchanged vs 10-2025 12-2025: 1.6%● unchanged vs 11-2025 01-2026: 1.6%● unchanged vs 12-2025 02-2026: 1.6%● unchanged vs 01-2026 03-2026: 1.8%▲ +0.2 percentage points vs 02-2026 04-2026: 1.9%▲ +0.1 percentage points vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026 06-2026: 2.0%▲ +0.1 percentage points vs 05-2026 07-2026: 2.1%▲ +0.1 percentage points vs 06-2026 08-2026: 3.1%▲ +1.0 percentage point vs 07-2026 09-2026: 3.7%▲ +0.6 percentage points vs 08-2026 10-2026: 4.5%▲ +0.8 percentage points vs 09-2026highest value
Credit up to €12,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 1.13 in 2023; short-term debt: 89.3% and cash: 5.3% of total assets), and 91.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro): better than 13% on solvency, 4% on liquidity, 15% on profitability and 40% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 30-09-2025)
NBB · annual accounts
lowers risk · Founded in 1999
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Equity €340,545 (8.9% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.11, cash €205,243
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 763 sector peers (2024).
NBB · sector comparison
Position among 763 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
61 days late
2023
61 days late
2023
10 days late
2022
18 days late
2021
27 days late
2020
8 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Weakest financial yearnet €3,121 ▼95.7%

Key points

  • Caution: Among the weakest 11% on solvencysector median 42.7% · 763 companies 8.9% View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Controlled by NEANKAST 75.73% View
  • Positive: 7 profitable years in a rowprofit 2024: €4,555 7 years View

By topic

Financials

Fiscal year
2024
Total assets
€3.8m
Profit
€4,555
Solvency
8.9%
Total assets▲ 9.9%
Net result
20192024
Go to Financials

Timeline

Events
12
Since
2016
  1. 10-10-2023Annual accounts filed
  2. 28-02-2023Highest result since 2019
  3. 18-10-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of fabricated metal products, except machinery and…NACE 25120
Founded
02-03-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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