Eurad
ActiveSummary
Eurad has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-25k) and a net result of €1k. Equity is shrinking by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+46
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.53 in 2024; short-term debt: 184.7% and cash: 48% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-84.7%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11322 sector peers (2025).
NBB · sector comparisonPosition among 11322 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 filingsDeviation from the deadline
2025
20 d late
2024
385 d late
2023
67 d late
2022
224 d late
2021
582 d late
2020
222 d late
2019
587 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-25k▲ 4.7%
2024 · €-26k
2018: €3k
2019: €-5k
2020: €-6k
2021: €-12k
2022: €-16k
2023: €-22k
2024: €-26k
2018 → 2025
Total assets
€29k▲ 1.7%
2024 · €29k
2018: €26k
2019: €26k
2020: €31k
2021: €46k
2022: €39k
2023: €36k
2024: €29k
2018 → 2025
Net result
€1k
2024 · €-4k
2018: €-266
2019: €-8k
2020: €-1k
2021: €-5k
2022: €-5k
2023: €-6k
2024: €-4k
2018 → 2025
Working capital
€-25k▲ 4.7%
2024 · €-26k
2018: €3k
2019: €-5k
2020: €-6k
2021: €-12k
2022: €-16k
2023: €-22k
2024: €-26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-12k-€-16k▼ 39.7%€-22k▼ 33.6%€-26k▼ 18.9%€-25k▲ 4.7%
Operating result€-7k-€-8k▼ 17.1%€-5k▲ 41.6%€-2k▲ 59.0%€309
Net result€-5k-€-5k▲ 14.6%€-6k▼ 25.8%€-4k▲ 29.5%€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €309 after a loss of €2k in 2024, the highest result in the available series.
Key figures and ratios
Solvency
-84.7%▲
2024 · -90.5%
Current ratio
0.54▲
2024 · 0.53
Quick ratio
0.42▲
2024 · 0.39
Debt to equity
-2.18▼
2024 · -2.11
ROA
4.2%▲
2024 · -14.4%
Debt
€54k▼
2024 · €55k
Debt ≤ 1 year
€54k▼
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29k€29k▲
Current assets29/58€29k€29k▲
Amounts receivable after more than one year29€15-
Other amounts receivable291€15-
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€2k€9k▲
Trade receivables40€2k€9k▲
Cash at bank and in hand54/58€19k€14k▼
Equity and liabilities
Total equity and liabilities10/49€29k€29k▲
Equity10/15€-26k€-25k▲
Contributions10/11€19k€19k=
Reserves13€352€352=
Distributable reserves133€352€352=
Profit (loss) carried forward14€-45k€-44k▲
Amounts payable17/49€55k€54k▼
Amounts payable within one year42/48€55k€54k▼
Financial debts43€53k€53k=
Other loans439€53k€53k=
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€253€934▲
Taxes450/3€253€934▲
Income statement
Code20242025
Other operating charges640/8€449€462▲
Gross operating margin9900€-2k€771▲
Operating profit (loss)9901€-2k€309▲
Financial income75/76B€1€1k▲
Recurring financial income75€1€1k▲
Non-recurring financial income76B-€1k
Financial charges65/66B€1k€373▼
Recurring financial charges65€36€36=
Non-recurring financial charges66B€1k€337▼
Profit (loss) for the period before taxes9903€-3k€1k▲
Income taxes67/77€647-
Profit (loss) for the period9904€-4k€1k▲
Profit (loss) for the period to be appropriated9905€-4k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€-44k▲
Profit (loss) brought forward from the previous period14P€-41k€-45k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 385 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after 7 loss-making years.
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 224 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 582 days late
2022
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 222 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 587 days late
2019
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 88 days late
06-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 432 days late
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 99 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Borgloon · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
St.-Truidersteenweg 146A3840 BorgloonGround area
2,422 m²
Building footprint
167 m²
Volume, LiDAR
1,344 m³
Parcel 73009A0192/00W000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
St.-Truidersteenweg 146, 3840 Tongeren-Borgloon
since 19982.085.995.391
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73009A0192/00W000 | Flanders | 2,422 m² | 1 · 167 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GLOBAL TRADE DJP
BE 0744.489.153
Aywaille · Eq €3,000
VICAZ
BE 0780.630.066
Zandhoven · Eq €2,500
Redix Studios
BE 0769.870.588
Oudenaarde · Eq €3,086
PixelParts
BE 1009.396.153
Hoogstraten · Eq €3,331
BELGOFEU
BE 0779.309.777
Villers-le-Bouillet · Eq €3,371
Of 977 companies in sector 46431 we hold annual accounts for 705. 83 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
43211General electrical installation work
47540Retail sale of electrical household appliances
47632Retail sale of bicycles
47830Retail sale of motorcycles and motorcycle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.