RAD-PACK SERVICES
ActiveSummary
RAD-PACK SERVICES has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €376,746. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+6
Solvency47▲+7
Growth81▲+3
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.42 in 2024; short-term debt: 22.8% and cash: 0.4% of total assets), and 78.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← 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
21.9%
Return on assets
5.8%
Age of the figures
9 mo
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
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 13-07-2026, 18 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
18 d early
2024
8 d early
2023
14 d early
2022
14 d early
2021
31 d early
2020
25 d early
2019
25 d early
← 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 19 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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 17 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€2.2m▲ 16.2%
2024 · €1.9m
EBIT margin
28.1%▲ 6.0pp
2024 · 22.1%
Net result
€376,746▲ 73.2%
2024 · €217,484
Working capital
-€965,374▲ 8.9%
2024 · -€1.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.9m€2.2m▲ 16.2%
Operating result€152,638▼ 21.6%€148,819▼ 2.5%€114,503▼ 23.1%€413,625▲ 261%€611,092▲ 47.7%
Net result€90,945within the sector's middle half▼ 34.4%€72,054within the sector's middle half▼ 20.8%€33,900within the sector's middle half▼ 53.0%€217,484within the sector's middle half▲ 542%€376,746within the sector's middle half▲ 73.2%
EBIT margin22.1%28.1%▲ 6.0pp
Equity€810,361within the sector's middle half▲ 9.6%€862,567within the sector's middle half▲ 6.4%€876,618within the sector's middle half▲ 1.6%€1.1mwithin the sector's middle half▲ 22.6%€1.4mwithin the sector's middle half▲ 33.3%
Total assets€5.9mwithin the sector's middle half▼ 4.3%€5.7mwithin the sector's middle half▼ 3.5%€5.5mwithin the sector's middle half▼ 3.3%€7.0mwithin the sector's middle half▲ 27.8%€6.5mwithin the sector's middle half▼ 6.4%
Debt€5.0m▼ 6.2%€4.8m▼ 5.1%€4.6m▼ 4.2%€5.9m▲ 28.8%€5.1m▼ 13.6%
Working capital-€612,839below the sector's middle half▼ 4.0%-€772,342below the sector's middle half▼ 26.0%-€947,918below the sector's middle half▼ 22.7%-€1.1mbelow the sector's middle half▼ 11.8%-€965,374below the sector's middle half▲ 8.9%
Solvency13.8%below the sector's middle half▲ 1.8pp15.3%within the sector's middle half▲ 1.4pp16.0%within the sector's middle half▲ 0.8pp15.4%below the sector's middle half▼ 0.7pp21.9%within the sector's middle half▲ 6.5pp
Current ratio0.44below the sector's middle half=0.31below the sector's middle half▼ 0.140.26below the sector's middle half▼ 0.050.42below the sector's middle half▲ 0.160.35below the sector's middle half▼ 0.06
Return on assets (ROA)1.6%within the sector's middle half▼ 0.7pp1.3%within the sector's middle half▼ 0.3pp0.6%within the sector's middle half▼ 0.7pp3.1%within the sector's middle half▲ 2.5pp5.8%within the sector's middle half▲ 2.6pp
Staff (FTE)5.3below the sector's middle half▲ 43.2%4.9below the sector's middle half▼ 7.5%5.8below the sector's middle half▲ 18.4%11.7within the sector's middle half▲ 102%14within the sector's middle half▲ 19.7%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 48% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.5m
Fixed assets
€6.0m ▼ 3.6%
Current assets
€527,130 ▼ 29.9%
Equity and liabilities €6.5m
Equity
€1.4m ▲ 33.3%
Debt
€5.1m ▼ 13.6%
Debt's share of the balance-sheet total falls from 84.6% to 78.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.0m▲
2024 · €756,847
Cash flow
€773,532▲
2024 · €560,706
Quick ratio
0.35▼
2024 · 0.41
Debt to equity
3.57▼
2024 · 5.50
ROE
26.3%▲
2024 · 20.2%
Interest coverage
7.74▲
2024 · 5.24
Debt ≤ 1 year
€1.5m▼
2024 · €1.8m
Debt > 1 year
€3.6m▼
2024 · €4.1m
Income taxes
€122,040▲
2024 · €72,744
Staff costs
€718,497▲
2024 · €626,781
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,684 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €1.9m | €2.2m | ▲ 16.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €409,808 | €560,862 | ▲ 36.9% |
| Remuneration, social security and pensions62 | €217,060 | €259,304 | €312,024 | €626,781 | €718,497 | ▲ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €297,792 | €304,340 | €357,676 | €343,223 | €396,786 | ▲ 15.6% |
| Other operating charges640/8 | €4,523 | €1,251 | €25,211 | €211,434 | €48,372 | ▼ 77.1% |
| Gross operating margin9900 | €672,012 | €713,714 | €809,414 | €1.6m | €1.8m | ▲ 11.3% |
| Operating profit (loss)9901 | €152,638 | €148,819 | €114,503 | €413,625 | €611,092 | ▲ 47.7% |
| Financial income75/76B | €21,504 | €21,668 | €20,078 | €21,091 | €18,803 | ▼ 10.8% |
| Recurring financial income75 | €21,504 | €21,668 | €20,078 | €21,091 | €18,803 | ▼ 10.8% |
| Financial charges65/66B | €80,288 | €79,188 | €93,937 | €144,488 | €131,108 | ▼ 9.3% |
| Recurring financial charges65 | €80,288 | €79,188 | €93,937 | €144,488 | €130,150 | ▼ 9.9% |
| Non-recurring financial charges66B | - | - | - | - | €958 | - |
| Profit (loss) for the period before taxes9903 | €93,854 | €91,299 | €40,644 | €290,228 | €498,786 | ▲ 71.9% |
| Income taxes67/77 | €2,909 | €19,244 | €6,744 | €72,744 | €122,040 | ▲ 67.8% |
| Profit (loss) for the period9904 | €90,945 | €72,054 | €33,900 | €217,484 | €376,746 | ▲ 73.2% |
| Transfer to tax-exempt reserves689 | - | €63,150 | €0 | €42,100 | €252,600 | ▲ 500% |
| Profit (loss) for the period to be appropriated9905 | €90,945 | €8,904 | €33,900 | €175,384 | €124,146 | ▼ 29.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €5.7m | €5.5m | €7.0m | €6.5m | ▼ 6.4% |
| Fixed assets21/28 | €5.4m | €5.3m | €5.1m | €6.2m | €6.0m | ▼ 3.6% |
| Tangible fixed assets22/27 | €5.4m | €5.3m | €5.1m | €6.2m | €6.0m | ▼ 3.6% |
| Land and buildings22 | €4.8m | €4.6m | €4.6m | €5.7m | €5.4m | ▼ 4.8% |
| Plant, machinery and equipment23 | €561,764 | €698,975 | €398,728 | €331,469 | €242,684 | ▼ 26.8% |
| Furniture and vehicles24 | €15,416 | €33,149 | €28,942 | €68,938 | €54,075 | ▼ 21.6% |
| Leasing and similar rights25 | €37,492 | €25,063 | €57,045 | €35,923 | €25,419 | ▼ 29.2% |
| Assets under construction and advance payments27 | - | - | €32,832 | €82,752 | €247,207 | ▲ 199% |
| Financial fixed assets28 | €0 | - | €4,290 | €23,290 | €23,290 | = |
| Current assets29/58 | €484,881 | €340,758 | €332,464 | €752,195 | €527,130 | ▼ 29.9% |
| Stocks and contracts in progress3 | €13,626 | €11,229 | €8,396 | €12,195 | €8,964 | ▼ 26.5% |
| Stocks30/36 | €13,626 | €11,229 | €8,396 | €12,195 | €8,964 | ▼ 26.5% |
| Amounts receivable within one year40/41 | €434,172 | €273,122 | €264,201 | €553,016 | €453,239 | ▼ 18.0% |
| Trade receivables40 | €135,719 | €174,542 | €215,103 | €553,016 | €448,169 | ▼ 19.0% |
| Other amounts receivable41 | €298,453 | €98,579 | €49,098 | €0 | €5,070 | - |
| Cash at bank and in hand54/58 | €31,500 | €38,547 | €38,875 | €160,969 | €24,343 | ▼ 84.9% |
| Deferred charges and accrued income490/1 | €5,583 | €17,861 | €20,992 | €26,015 | €40,583 | ▲ 56.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €5.7m | €5.5m | €7.0m | €6.5m | ▼ 6.4% |
| Equity10/15 | €810,361 | €862,567 | €876,618 | €1.1m | €1.4m | ▲ 33.3% |
| Contributions10/11 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Capital10 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Issued capital100 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Reserves13 | €50,605 | €122,660 | €156,560 | €374,043 | €750,790 | ▲ 101% |
| Non-distributable reserves130/1 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Legal reserve130 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Tax-exempt reserves132 | - | €63,150 | €63,150 | €105,250 | €357,850 | ▲ 240% |
| Distributable reserves133 | €10,605 | €19,510 | €53,410 | €228,793 | €352,940 | ▲ 54.3% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Investment grants15 | €359,756 | €339,907 | €320,058 | €300,503 | €281,700 | ▼ 6.3% |
| Amounts payable17/49 | €5.0m | €4.8m | €4.6m | €5.9m | €5.1m | ▼ 13.6% |
| Amounts payable after more than one year17 | €3.9m | €3.7m | €3.3m | €4.1m | €3.6m | ▼ 11.9% |
| Financial debts170/4 | €3.9m | €3.7m | €3.3m | €4.1m | €3.6m | ▼ 11.9% |
| Other amounts payable178/9 | - | - | - | €1,500 | €1,500 | = |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €1.3m | €1.8m | €1.5m | ▼ 17.6% |
| Current portion of amounts payable after more than one year42 | €380,444 | €399,050 | €413,938 | €474,720 | €484,008 | ▲ 2.0% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €82,674 | €61,159 | €156,906 | €177,202 | €191,203 | ▲ 7.9% |
| Suppliers440/4 | €82,674 | €61,159 | €156,906 | €177,202 | €191,203 | ▲ 7.9% |
| Taxes, remuneration and social security45 | €57,381 | €51,997 | €95,679 | €198,620 | €146,127 | ▼ 26.4% |
| Taxes450/3 | €17,249 | €11,633 | €17,706 | €91,863 | €37,456 | ▼ 59.2% |
| Remuneration and social security454/9 | €40,131 | €40,364 | €77,973 | €106,757 | €108,672 | ▲ 1.8% |
| Other amounts payable47/48 | €577,222 | €600,893 | €613,860 | €961,755 | €671,166 | ▼ 30.2% |
| Accrued charges and deferred income492/3 | €2,755 | €2,385 | €2,146 | €15,741 | €15,690 | ▼ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,945 | €72,054 | €33,900 | €217,484 | €376,746 | ▲ 73.2% |
| + Depreciation and write-downs630 | €297,792 | €304,340 | €357,676 | €343,223 | €396,786 | ▲ 15.6% |
| Operating cash flow (approximation) | €388,737 | €376,395 | €391,576 | €560,706 | €773,532 | ▲ 38.0% |
| Investment in fixed assets (approximation) | - | -€244,581 | -€177,743 | -€1.4m | -€175,159 | ▲ 87.9% |
| Change in cash | - | €7,047 | €328 | €122,094 | -€136,626 | ▼ 212% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €376,746 ▲73.2%
Operating result €611,092, net result €376,746, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1mEq €1.1m ▲22.6%
5 profitable years in a row build equity to €1.1m.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €138,619
Net result €138,619 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €739,265 ▲234%
Equity rises from €221,041 to €739,265.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herve · 2 establishment units since 2018
Ground area
3.4 ha
Building footprint
8,937 m²
Volume, LiDAR
71,004 m³
2 parcels, Wallonia · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Rue des Gaillettes 1, 4651 Herve
since 20182.275.505.578
Rue de Charneux 96, 4651 Herve
since 20192.292.000.429
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0256/00D000 | Wallonia | 2.0 ha | - | - |
| 63006D0288/00W002 | Wallonia | 1.4 ha | 1 · 8,937 m² | 9.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- R-PACK TRADING
- RAD-PACK SERVICES
Highest known parent: R-PACK TRADING. The sources do not say who stands above it.
Owners 1
- R-PACK TRADINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPublic limited company
Founded16-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
16240Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
52100Warehousing and storage
52210Service activities incidental to land transportation
Contact
E-mail
administration@rademecker.beHerve
Phone
087 69 29 10Herve
Fax
087 69 29 07Herve
E-invoicing
Reachable via Peppol
Peppol ID
0208:0694792093
Also
9925:BE0694792093
Registered
18-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.