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R.A.D.

Active
Public limited companyfounded 199926 years activeZoning Le Cerisier,Transinne 10, 6890 Libin, BelgiumKBO/BCE: BE 0468.247.011
Summary

R.A.D. has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €553,705 and a net result of -€136,993. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 24% of 1,054 sector peers (NACE 49, fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Freight transport by road
NACE 49410
1 site
Size
€3.1mturnover 2025
Staff
15.4 FTE
Equity
€553,705
Loss
-€136,993
Financial health
67 Healthy Checked score 2025
Bankruptcy probability, 12 months
0.9%
Structure
Accounts 23 days early0 of 10 deeds read
Why 67- Sector Land transport and transport via pipelines (NACE 49)- Loss of €136,993, the second in a row (FY 2025)- Size: turnover €3.1m, 15.4 FTE, total assets €2.9m+ Founded in 1999Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 34% of its sector peers (NACE 49, small)
Financial strength · tick = 2024
Average
Solvency 44-13
equity 18.9% of total assets
Liquidity 35+8
short-term debt 42.2% · cash 4.2%
Profitability 75+5
return on assets -4.7%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,178 companies)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.5%▼ -0.1 percentage points vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025lowest value 07-2025: 0.7%▲ +0.2 percentage points vs 06-2025 08-2025: 1.0%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026highest value 08-2026: 0.9%▼ -0.1 percentage points vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.64 in 2024; short-term debt: 42.2% and cash: 4.2% of total assets), and 81.1% 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 49, small): better than 23% on solvency, 31% on liquidity, 60% on profitability and 21% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Seven signals.
−lowers risk+raises risk○neutral
raises risk · Sector Land transport and transport via pipelines (NACE 49)
KBO
raises risk · Loss of €136,993, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Size: turnover €3.1m, 15.4 FTE, total assets €2.9m
The company's size counts in the probability; how much depends on the rest of its profile.
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€136,993
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1054 sector peers (2025).
NBB · sector comparison
Position among 1054 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 days early
2024
24 days early
2023
23 days early
2022
57 days late
2021
45 days late
2020
23 days early
2019
82 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

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. Usually files around 9 July (4 of the last 5 filed years within 67 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€136,993
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Caution: Result fell in 2025from -€11,107 to -€136,993 ▼ 1,133% View
  • Caution: Among the weakest 12% on net resultsector median €52,395 · 1,054 companies -€136,993 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€136,993 View

By topic

Financials

Fiscal year
2025
Turnover
€3.1m
Loss
-€136,993
Solvency
18.9%
Turnover▼ 3.7%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 08-07-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 26-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Freight transport by roadNACE 49410
Founded
13-12-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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