Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of BENRAD is 4.8% (elevated). The 2025 annual accounts show equity of €3k and a net result of €164k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
2 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 01-07-2026 | 30 d early | 2026-00270280 |
| 31-12-2024 | 31-07-2025 | 24-06-2025 | 37 d early | 2025-00176979 |
| 31-12-2023 | 31-07-2024 | 17-06-2024 | 44 d early | 2024-00141364 |
| 31-12-2022 | 31-07-2023 | 07-07-2023 | 24 d early | 2023-00217336 |
Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Financials
Annual accounts & ratios
Source: NBB · 2025How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Show 9 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €213k |
| Net profit | €164k |
| Cash flow | €165k |
| Staff costs | - |
| Income taxes | €48k |
| Dividends | €375k |
| Total assets | €356k |
| Equity | €3k |
| Debt | €353k |
| of which ≤ 1y | €353k |
| of which > 1y | - |
| Working capital | €3k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 1.01 |
| Quick ratio | 1.01 |
| Working capital ratio | 0.8% |
| Solvency | 0.8% |
| Debt / equity | 117.65 |
| Long-term debt ratio | - |
| Interest coverage | 3406.90 |
| Gross margin | - |
| Net margin | - |
| ROA | 46.1% |
| ROE | 5471.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (21 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €356k |
| Fixed assets | 21/28 | €0 |
| Tangible fixed assets | 22/27 | €0 |
| Current assets | 29/58 | €356k |
| Amounts receivable within one year | 40/41 | €23k |
| Cash & bank | 54/58 | €333k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €356k |
| Equity | 10/15 | €3k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €0 |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €353k |
| Amounts payable within one year | 42/48 | €353k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €213k |
| Operating result | 9901 | €213k |
| Financial charges | 65 | €63 |
| Result before taxes | 9903 | €212k |
| Income taxes | 67/77 | €48k |
| Net result for the period | 9904 | €164k |
| Result to be appropriated | 9905 | €164k |
Health barometer
FY 2025 · computedThe full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21010B0136/00B002 | Brussels | 2,916 m² | 1 · 1,670 m² | 17.0 m · 5 fl. |
Publications
Lifecycle & Insolvency Signals
Belgian State Gazette · acts
0 of 1 acts readWe know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.
Analysis
Financial profile
5 of 5 axes measuredStrong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameFR | BENRAD |