RAD Electrosan
ActiveSummary
The computed 12-month bankruptcy probability of RAD Electrosan is 2.4% (moderate). The 2025 annual accounts show equity of €4k and a net result of €35k. Equity is shrinking by ~45.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 11% of 27786 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+42
Solvency29▼-66
Growth22▼-13
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.4%
Return on assets
36.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 11%
← 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 07-06-2026, 54 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
54 d early
2024
39 d late
2023
47 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
Turnover
€241k▼ 10.6%
2024 · €270k
2023: €429k
2024: €270k
2023 → 2025
EBIT margin
18.6%▲ 17.7pp
2024 · 0.9%
2023: 13.3%
2024: 0.9%
2023 → 2025
Net result
€35k▲ 978%
2024 · €3k
2023: €43k
2024: €3k
2023 → 2025
Working capital
€3k▼ 93.8%
2024 · €48k
2023: €44k
2024: €48k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€429k-€270k▼ 37.0%€241k▼ 10.6%
Equity€46k-€49k▲ 7.1%€4k▼ 91.4%
Operating result€57k-€3k▼ 95.5%€45k▲ 1,664%
Net result€43k-€3k▼ 92.4%€35k▲ 978%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,664% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95k
Fixed assets
€1k =
Current assets
€94k ▲ 36.1%
Equity and liabilities €95k
Equity
€4k ▼ 91.4%
Debt
€91k ▲ 330%
Debt's share of the balance-sheet total rises from 30.1% to 95.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.03▼
2024 · 3.26
Debt to equity
21.52▲
2024 · 0.43
ROE
830.7%▲
2024 · 6.6%
ROA
36.9%▲
2024 · 4.6%
Debt ≤ 1 year
€91k▲
2024 · €21k
Income taxes
€10k▲
2024 · €1k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€70k€95k▲
Fixed assets21/28€1k€1k=
Tangible fixed assets22/27€1k€1k=
Plant, machinery and equipment23€352€352=
Furniture and vehicles24€926€926=
Current assets29/58€69k€94k▲
Amounts receivable within one year40/41€61k€82k▲
Trade receivables40€31k€22k▼
Other amounts receivable41€30k€59k▲
Cash at bank and in hand54/58€5k€9k▲
Deferred charges and accrued income490/1€4k€4k=
Equity and liabilities
Total equity and liabilities10/49€70k€95k▲
Equity10/15€49k€4k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€46k€1k▼
Amounts payable17/49€21k€91k▲
Amounts payable within one year42/48€21k€91k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€16k€9k▼
Taxes450/3€16k€9k▼
Other amounts payable47/48-€80k
Income statement
Code20242025
Turnover70€270k€241k▼
Goods, raw materials, services and sundry goods60/61€266k€195k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€780-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€4k€46k▲
Operating profit (loss)9901€3k€45k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€133€126▼
Recurring financial charges65€133€126▼
Profit (loss) for the period before taxes9903€4k€45k▲
Income taxes67/77€1k€10k▲
Profit (loss) for the period9904€3k€35k▲
Profit (loss) for the period to be appropriated9905€3k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€81k▲
Profit (loss) brought forward from the previous period14P€43k€46k▲
Profit to be distributed694/7-€80k
Return on contributions (dividend)694-€80k
The notes to these accounts (5 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
07-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial
Weakest financial yearnet €3k ▼92.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Pieters-Leeuw · 1 establishment unit since 2022
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.
Bergensesteenweg 241600 Sint-Pieters-LeeuwGround area
1,922 m²
Building footprint
478 m²
Volume, LiDAR
3,675 m³
2 parcels, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RAD Electrosan
since 20222.336.968.342
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 41303D0567/00E002 | Flanders | 284 m² | 1 · 80 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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BE 0683.895.926
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BEIRNAERT
BE 0896.806.768
Brasschaat · Eq €4,260
Riostop
BE 0743.414.730
Wijnegem · Eq €4,260
NOYEZ PROJECTS
BE 0790.826.251
Roeselare · Eq €4,169
BAERT
BE 0444.506.062
Moorslede · Eq €4,116
Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 976 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
Founded13-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:denisradvan55@gmail.com
Phone:+32486251305