RADA
ActiveSummary
RADA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of -€7,548. Equity remains stable across the filed fiscal years (±1.9% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+2
Solvency81▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.04 in 2023; short-term debt: 25.1% and cash: 0.5% of total assets), and 44.3% of the assets are financed with debt.
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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 2024Solvency, return and age of the figures
Solvency
55.7%
Return on assets
-0.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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
not confirmed
2024
59 d late
2023
65 d late
2022
4 d early
2021
30 d late
2020
90 d late
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 41 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1.3m▼ 0.6%
2023 · €1.4m
Total assets
€2.4m▼ 3.8%
2023 · €2.5m
Net result
-€7,548▲ 84.0%
2023 · -€47,191
Working capital
-€595,739▲ 4.9%
2023 · -€626,545
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€405,381▲ 8.4%-€46,383-€20,031▲ 56.8%-€56,526▼ 182%-€379▲ 99.3%
Net result€305,541▲ 11.6%-€36,702-€18,334▲ 50.0%-€47,191▼ 157%-€7,548▲ 84.0%
Equity€2.1m▲ 17.3%€1.9m▼ 9.4%€1.9m▼ 1.0%€1.4m▼ 27.1%€1.3m▼ 0.6%
Total assets€2.5m▲ 15.0%€2.4m▼ 5.0%€2.3m▼ 4.1%€2.5m▲ 8.9%€2.4m▼ 3.8%
Debt€87,762▼ 43.0%€170,754▲ 94.6%€99,991▼ 41.4%€830,149▲ 730%€763,020▼ 8.1%
Working capital€503,962▲ 92.5%-€21,480-€3,936▲ 81.7%-€626,545▼ 15,819%-€595,739▲ 4.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €379 in 2024 against €56,526 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.4m ▼ 3.2%
Current assets
€12,246 ▼ 55.8%
Equity and liabilities €2.4m
Equity
€1.3m ▼ 0.6%
Provisions
€310,079 ▼ 6.3%
Debt
€763,020 ▼ 8.1%
Debt's share of the balance-sheet total falls from 33.0% to 31.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€110,043▲
2023 · €65,443
Cash flow
€102,873▲
2023 · €74,777
Current ratio
0.02▼
2023 · 0.04
Debt to equity
0.57▼
2023 · 0.61
ROE
-0.6%▲
2023 · -3.5%
ROA
-0.3%▲
2023 · -1.9%
Interest coverage
13.21▲
2023 · 9.03
Debt ≤ 1 year
€607,985▼
2023 · €654,260
Debt > 1 year
€152,708▼
2023 · €173,562
Income taxes
€19,813▲
2023 · €3,949
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 8,594 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16,245 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94,413 | €119,980 | €108,582 | €121,968 | €110,422 | ▼ 9.5% |
| Other operating charges640/8 | - | €1,835 | €11,604 | €20,008 | €13,125 | ▼ 34.4% |
| Gross operating margin9900 | €502,462 | €75,431 | €100,155 | €85,451 | €123,167 | ▲ 44.1% |
| Operating profit (loss)9901 | €405,381 | -€46,383 | -€20,031 | -€56,526 | -€379 | ▲ 99.3% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €2,168 | €4,348 | €7,245 | €8,327 | ▲ 14.9% |
| Recurring financial charges65 | €3,514 | €2,168 | €4,348 | €7,245 | €8,327 | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | €401,866 | -€48,551 | -€24,380 | -€63,771 | -€8,707 | ▲ 86.3% |
| Transfer from deferred taxes780 | - | €15,814 | €9,806 | €20,529 | €20,972 | ▲ 2.2% |
| Income taxes67/77 | €5,276 | €3,964 | €3,761 | €3,949 | €19,813 | ▲ 402% |
| Profit (loss) for the period9904 | €305,541 | -€36,702 | -€18,334 | -€47,191 | -€7,548 | ▲ 84.0% |
| Transfer from tax-exempt reserves789 | - | €36,464 | €26,397 | €47,537 | €40,728 | ▼ 14.3% |
| Profit (loss) for the period to be appropriated9905 | €21,434 | -€238 | €8,063 | €346 | €33,180 | ▲ 9,491% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.4m | €2.3m | €2.5m | €2.4m | ▼ 3.8% |
| Fixed assets21/28 | €2.0m | €2.3m | €2.2m | €2.5m | €2.4m | ▼ 3.2% |
| Tangible fixed assets22/27 | €2.0m | €2.3m | €2.2m | €2.5m | €2.4m | ▼ 3.2% |
| Land and buildings22 | - | €2.3m | €2.2m | €2.5m | €2.4m | ▼ 2.8% |
| Plant, machinery and equipment23 | - | - | - | €4,471 | €3,975 | ▼ 11.1% |
| Furniture and vehicles24 | - | €24,734 | €44,274 | €30,281 | €19,426 | ▼ 35.8% |
| Financial fixed assets28 | €217 | €217 | €217 | €217 | €217 | = |
| Current assets29/58 | €533,592 | €113,073 | €76,544 | €27,716 | €12,246 | ▼ 55.8% |
| Amounts receivable within one year40/41 | €18,716 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €514,876 | €113,073 | €75,707 | €26,808 | €11,311 | ▼ 57.8% |
| Deferred charges and accrued income490/1 | - | - | €836 | €908 | €935 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.4m | €2.3m | €2.5m | €2.4m | ▼ 3.8% |
| Equity10/15 | €2.1m | €1.9m | €1.9m | €1.4m | €1.3m | ▼ 0.6% |
| Contributions10/11 | €813,340 | €813,340 | €813,340 | €363,340 | €363,340 | = |
| Capital10 | - | €813,340 | €813,340 | €363,340 | €363,340 | = |
| Issued capital100 | - | €813,340 | €813,340 | €363,340 | €363,340 | = |
| Reserves13 | €1.3m | €1.1m | €1.0m | €992,363 | €984,815 | ▼ 0.8% |
| Non-distributable reserves130/1 | - | €6,787 | €6,787 | €7,133 | €8,792 | ▲ 23.3% |
| Legal reserve130 | - | €6,787 | €6,787 | €7,133 | €8,792 | ▲ 23.3% |
| Tax-exempt reserves132 | - | €972,750 | €946,353 | €898,862 | €858,133 | ▼ 4.5% |
| Distributable reserves133 | - | €84,956 | €92,780 | €86,369 | €117,889 | ▲ 36.5% |
| Profit (loss) carried forward14 | €130 | -€238 | - | - | - | - |
| Provisions and deferred taxes16 | €377,182 | €361,369 | €351,562 | €331,051 | €310,079 | ▼ 6.3% |
| Deferred taxes168 | - | €361,369 | €351,562 | €331,051 | €310,079 | ▼ 6.3% |
| Amounts payable17/49 | €87,762 | €170,754 | €99,991 | €830,149 | €763,020 | ▼ 8.1% |
| Amounts payable after more than one year17 | €58,132 | €36,202 | €19,512 | €173,562 | €152,708 | ▼ 12.0% |
| Financial debts170/4 | - | €33,918 | €17,228 | €171,278 | €148,624 | ▼ 13.2% |
| Other amounts payable178/9 | - | €2,284 | €2,284 | €2,284 | €4,084 | ▲ 78.8% |
| Amounts payable within one year42/48 | €29,630 | €134,552 | €80,480 | €654,260 | €607,985 | ▼ 7.1% |
| Current portion of amounts payable after more than one year42 | - | €21,930 | €16,690 | €21,696 | €22,654 | ▲ 4.4% |
| Trade debts44 | €331 | €5,936 | €5,276 | €4,332 | €1,264 | ▼ 70.8% |
| Suppliers440/4 | - | €5,936 | €5,276 | €4,332 | €1,264 | ▼ 70.8% |
| Taxes, remuneration and social security45 | - | €17,279 | €8,700 | €3,675 | €20,488 | ▲ 458% |
| Taxes450/3 | - | €17,279 | €8,700 | €3,675 | €20,488 | ▲ 458% |
| Other amounts payable47/48 | - | €89,408 | €49,813 | €624,558 | €563,579 | ▼ 9.8% |
| Accrued charges and deferred income492/3 | - | - | - | €2,327 | €2,327 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €305,541 | -€36,702 | -€18,334 | -€47,191 | -€7,548 | ▲ 84.0% |
| + Depreciation and write-downs630 | €94,413 | €119,980 | €108,582 | €121,968 | €110,422 | ▼ 9.5% |
| Operating cash flow (approximation) | €399,955 | €83,278 | €90,248 | €74,777 | €102,873 | ▲ 37.6% |
| Investment in fixed assets (approximation) | - | -€412,937 | -€46,207 | -€376,886 | -€30,242 | ▲ 92.0% |
| Change in cash | - | -€401,804 | -€37,365 | -€48,899 | -€15,497 | ▲ 68.3% |
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
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet -€47,191
Net result drops to -€47,191, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €305,541 ▲11.6%
Operating result €405,381, net result €305,541, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 18.01
Current ratio from 4.71 to 18.01; short-term debt falls from €70,508 to €29,630.
31-12
Financial
Equity above €2mEq €2.1m ▲17.3%
3 profitable years in a row build equity to €2.1m.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Liquidity times 5current ratio 4.71
Current ratio from 1.00 to 4.71; short-term debt falls from €139,192 to €70,508.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Show earlier events
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 acts for this company are 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, Beersel · 1 establishment unit since 1987
Ground area
1,139 m²
Building footprint
218 m²
Volume, LiDAR
935 m³
Parcel 23035A0179/00Y003, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RADA
since 19872.030.225.044
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23035A0179/00Y003 | Flanders | 1,139 m² | 1 · 218 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded19-05-1987
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431223792
Registered
02-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.