Equity
€1.4m from €47.7m in 2010
Equity fell by 97% in 15 years.
HENRAD
Lifetime
18 annual accounts with figures on one time axis, 38 filings since 1989peak €47.7m (2013)
€35.1m▲ 1.1%
lowest -€10.2m (2011)
€1.5m▲ 93.0%
peak €47.7m (2010)
€1.4m▲ 57.4%
€9.8m▲ 10.3%
peak 164.7 FTE (2008)
31.2 FTE▲ 2.6%
Board7 names since 2016
3 directors and 2 others
Owners3 names in the annual accounts
consolidates
Documentsfilings and deeds
30-06-202631 days before the deadline
2025financial year
Result from €788,652 to €1.5m1 director reappointed 22-07Dividend €1.0mEquity from €909,158 to €1.4mInvestments €122,946Cash from €1.4m to €1.9m
Key points
from the 2025 annual accountsResult
€1.5m ▲ 93.0%
The result rose in 2025 from €788,652 to €1.5m.
Debts
€9.8m 87% of the balance sheet
Suppliers 82%Taxes and wages 8%Other 10%
Investments
€122,619 2.2 × depreciation
Green is investment, beige is depreciation.
Staff
31.2 FTE from 164.7 in 2008
Between 2008 and 2025, 81% of the full-time equivalents disappeared.
Position in the sector
12.7%
Lower solvency than 86% of companies in wholesale trade. Sector median 43.8% · 3,761 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,611 companies had the same profile as HENRAD has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,611 companies, not a prediction for HENRAD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 29-06-2021
Director, since 01-07-2024
Director, since 30-06-2025
- consolidatesannual accounts 2025
Recent changes
Reappointment: (statutory auditor)
Permanent representative: · General meeting of 29-06-2026 · Gazette deed
1 director reappointed
Permanent representatives: and · · General meeting of 30-06-2025 · Gazette deed
Resignation: (director)
Appointment: (director) · General meeting of 01-07-2024 · Gazette deed
Resignation: (director)
Appointment: (director) · General meeting of 25-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and ageGrey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HENRAD: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €8.6m and €16m, founded between 1977 and 1992.
Official details
Source: KBO- Status
- Active since 23-02-1988Normal situation
- Activity
- Wholesale tradeNACE 46842
- Joint committees
- 149.04Metal trade
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.040.041.5432200 Herentals, since 08-09-1988
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €11.3m▲ 14.6%
- Employeeson 31-12-2025
- 35▲ 6.1%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on HENRAD
HENRAD has existed since 1988. Turnover fell from €47.5m in 2008 to €35.1m in 2025 and staff from 164.7 to 31.2 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HENRAD
- What is the company number of HENRAD?
- The company number of HENRAD is 0433.560.207. The VAT number is the same number with BE in front: BE 0433.560.207.
- Where is HENRAD based?
- The registered office is at Welvaartstraat 14, 2200 Herentals.Company details
- What does HENRAD do?
- According to the KBO register, the main activity is wholesale trade (NACE 46842).
- What is the legal form of HENRAD?
- HENRAD is a public limited company (NV).
- When was HENRAD founded?
- HENRAD was founded on 23-02-1988.
- Is HENRAD still active?
- Yes, HENRAD is an active enterprise in the KBO register.
- How many employees does HENRAD have?
- HENRAD had an average of 31.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HENRAD fall under?
- In its 2025 annual accounts, HENRAD states joint committees 149.04 (Metal trade) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of HENRAD?
- The turnover of HENRAD was €35.1m in financial year 2025, according to the filed annual accounts.
- Is HENRAD profitable?
- In financial year 2025, HENRAD made a profit of €1.5m.
- Where can I find the annual accounts of HENRAD?
- HENRAD filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HENRAD due?
- HENRAD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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