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BRADICO

Active
Private limited companyfounded 20242 yrs activeVenlosesteenweg (Oph) 418, 3640 Kinrooi, BelgiumKBO/BCE: BE 1005.526.348
Summary

The computed 12-month bankruptcy probability of BRADICO is 4.0% (elevated). The 2025 annual accounts show negative equity (-€50,169) and a net result of -€53,169. Its solvency ranks better than 5% of 1913 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
4.0% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51; short-term debt: 153.3% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-106.2%
Return on assets
-112.5%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-05-2026, 14 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 · 1 filing
Deviation from the deadline
2025
14 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 February 2024, BRADICO was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€50,169
Total assets
€47,259
Net result
-€53,169
Working capital
-€35,507

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €47,259
Fixed assets €10,320
Current assets €36,938
Key figures and ratios
2025 value
EBITDA
-€26,525
Cash flow
-€32,225
Solvency
-106.2%
Current ratio
0.51
Debt to equity
-1.94
ROA
-112.5%
Interest coverage
-4.48
Debt
€97,427
Debt ≤ 1 year
€72,445
Debt > 1 year
€24,982
Staff costs
€187,147

Peer companies

Historical observation

Of the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.4% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,663 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€47,259
Fixed assets21/28€10,320
Tangible fixed assets22/27€10,320
Plant, machinery and equipment23€7,641
Leasing and similar rights25€2,679
Current assets29/58€36,938
Amounts receivable within one year40/41€33,104
Trade receivables40€27,244
Other amounts receivable41€5,860
Deferred charges and accrued income490/1€3,834
Equity and liabilities
Total equity and liabilities10/49€47,259
Equity10/15-€50,169
Contributions10/11€3,000
Profit (loss) carried forward14-€53,169
Amounts payable17/49€97,427
Amounts payable after more than one year17€24,982
Financial debts170/4€24,982
Amounts payable within one year42/48€72,445
Current portion of amounts payable after more than one year42€12,108
Financial debts43€7,911
Credit institutions430/8€7,911
Trade debts44€23,556
Suppliers440/4€23,556
Taxes, remuneration and social security45€13,324
Taxes450/3€613
Remuneration and social security454/9€12,711
Other amounts payable47/48€15,546
Income statement Code2025
Remuneration, social security and pensions62€187,147
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,943
Other operating charges640/8€1,401
Non-recurring operating charges66A€7,460
Gross operating margin9900€169,483
Operating profit (loss)9901-€47,468
Financial income75/76B€226
Recurring financial income75€226
Financial charges65/66B€5,926
Recurring financial charges65€5,926
Profit (loss) for the period before taxes9903-€53,169
Profit (loss) for the period9904-€53,169
Profit (loss) for the period to be appropriated9905-€53,169
Appropriation of the result
Profit (loss) to be appropriated9906-€53,169

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€187,147
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,943
Other operating charges640/8€1,401
Non-recurring operating charges66A€7,460
Gross operating margin9900€169,483
Operating profit (loss)9901-€47,468
Financial income75/76B€226
Recurring financial income75€226
Financial charges65/66B€5,926
Recurring financial charges65€5,926
Profit (loss) for the period before taxes9903-€53,169
Profit (loss) for the period9904-€53,169
Profit (loss) for the period to be appropriated9905-€53,169
Line2025
Assets
Total assets20/58€47,259
Fixed assets21/28€10,320
Tangible fixed assets22/27€10,320
Plant, machinery and equipment23€7,641
Leasing and similar rights25€2,679
Current assets29/58€36,938
Amounts receivable within one year40/41€33,104
Trade receivables40€27,244
Other amounts receivable41€5,860
Deferred charges and accrued income490/1€3,834
Equity and liabilities
Total equity and liabilities10/49€47,259
Equity10/15-€50,169
Contributions10/11€3,000
Profit (loss) carried forward14-€53,169
Amounts payable17/49€97,427
Amounts payable after more than one year17€24,982
Financial debts170/4€24,982
Amounts payable within one year42/48€72,445
Current portion of amounts payable after more than one year42€12,108
Financial debts43€7,911
Credit institutions430/8€7,911
Trade debts44€23,556
Suppliers440/4€23,556
Taxes, remuneration and social security45€13,324
Taxes450/3€613
Remuneration and social security454/9€12,711
Other amounts payable47/48€15,546
Line2025
Profit (loss) for the period9904-€53,169
+ Depreciation and write-downs630€20,943
Operating cash flow (approximation)-€32,225

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
14-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
NBB filing
0 of 1 act read
About the unread acts

We 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.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kinrooi · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
699 m²
Building footprint
249 m²
Volume, LiDAR
1,041 m³
Parcel 72017A0667/00N000, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BRADICO
Venlosesteenweg (Oph) 418, 3640 KinrooiManufacture of metal structures and parts of structures
since 20242.355.456.047
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72017A0667/00N000 Flanders 699 m² 1 · 249 m² 8.2 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 203 EUR awarded · 203 EUR paid
Year Entries awardedpaid
2025 1 203 EUR203 EUR
Schemes
1 entry · 203 EUR · 203 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded01-02-2024
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
41003General construction of other non-residential buildings
47521Retail sale of hardware, building materials, paint and glass (general range)
77320Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005526348
Registered 08-12-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.