RADA
ActiveSummary
RADA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €75,611 and a net result of €7,931. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 15375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+59
Solvency53▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.83 in 2023; short-term debt: 71.7% and cash: 14.4% of total assets), and 71.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
28.3%
Return on assets
3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 15375 sector peers (2024).
NBB · sector comparisonPosition among 15375 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
260 d late
2022
31 d late
2021
26 d late
2020
11 d late
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€75,611▲ 11.8%
2023 · €67,660
Total assets
€266,881▲ 79.5%
2023 · €148,653
Net result
€7,931
2023 · -€6,974
Working capital
€23,317▼ 65.2%
2023 · €66,955
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€33,055▲ 216%-€2,166-€1,336▲ 38.3%-€5,404▼ 304%€9,951
Net result€21,830within the sector's middle half▲ 132%€267below the sector's middle half▼ 98.8%-€2,678below the sector's middle half-€6,974below the sector's middle half▼ 160%€7,931below the sector's middle half
Equity€77,045within the sector's middle half▲ 39.5%€77,312within the sector's middle half▲ 0.3%€74,634within the sector's middle half▼ 3.5%€67,660within the sector's middle half▼ 9.3%€75,611within the sector's middle half▲ 11.8%
Total assets€145,740within the sector's middle half▼ 20.6%€148,444within the sector's middle half▲ 1.9%€157,791within the sector's middle half▲ 6.3%€148,653within the sector's middle half▼ 5.8%€266,881within the sector's middle half▲ 79.5%
Debt€68,694▼ 46.5%€71,132▲ 3.5%€83,157▲ 16.9%€80,993▼ 2.6%€191,270▲ 136%
Working capital€80,494within the sector's middle half▲ 37.5%€75,008within the sector's middle half▼ 6.8%€73,130within the sector's middle half▼ 2.5%€66,955within the sector's middle half▼ 8.4%€23,317within the sector's middle half▼ 65.2%
Solvency52.9%within the sector's middle half▲ 22.8pp52.1%within the sector's middle half▼ 0.8pp47.3%within the sector's middle half▼ 4.8pp45.5%within the sector's middle half▼ 1.8pp28.3%below the sector's middle half▼ 17.2pp
Current ratio2.24within the sector's middle half▲ 0.772.05within the sector's middle half▼ 0.181.88within the sector's middle half▼ 0.181.83within the sector's middle half▼ 0.051.12below the sector's middle half▼ 0.70
Return on assets (ROA)15.0%within the sector's middle half▲ 9.8pp0.2%below the sector's middle half▼ 14.8pp-1.7%below the sector's middle half▼ 1.9pp-4.7%below the sector's middle half▼ 3.0pp3.0%below the sector's middle half▲ 7.7pp
Staff (FTE)0.1below the sector's middle half=0.5▲ 400%0.5=
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9,951 after a loss of €5,404 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €266,881
Fixed assets
€52,294 ▲ 7,314%
Current assets
€214,588 ▲ 45.0%
Equity and liabilities €266,881
Equity
€75,611 ▲ 11.8%
Debt
€191,270 ▲ 136%
Debt's share of the balance-sheet total rises from 54.5% to 71.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23,386▲
2023 · -€4,605
Cash flow
€21,367▲
2023 · -€6,175
Debt to equity
2.53▲
2023 · 1.20
ROE
10.5%▲
2023 · -10.3%
Interest coverage
11.58▲
2023 · -2.93
Debt ≤ 1 year
€191,270▲
2023 · €80,993
Staff costs
€6,005▲
2023 · €5,323
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 4,504 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5,576 | €9,902 | €5,323 | €6,005 | ▲ 12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94 | €799 | €799 | €799 | €13,436 | ▲ 1,581% |
| Other operating charges640/8 | - | €1,247 | €2,374 | €2,408 | €4,148 | ▲ 72.3% |
| Gross operating margin9900 | €37,156 | €5,456 | €11,738 | €3,126 | €33,540 | ▲ 973% |
| Operating profit (loss)9901 | €33,055 | -€2,166 | -€1,336 | -€5,404 | €9,951 | ▲ 284% |
| Financial income75/76B | - | €194 | - | - | - | - |
| Recurring financial income75 | €0 | €194 | - | - | - | - |
| Non-recurring financial income76B | - | €194 | - | - | - | - |
| Financial charges65/66B | - | €3,546 | €2,834 | €1,570 | €2,020 | ▲ 28.6% |
| Recurring financial charges65 | €3,948 | €3,546 | €2,834 | €1,570 | €2,020 | ▲ 28.6% |
| Profit (loss) for the period before taxes9903 | €29,107 | -€5,517 | -€4,170 | -€6,974 | €7,931 | ▲ 214% |
| Income taxes67/77 | €7,277 | -€5,784 | -€1,493 | - | - | - |
| Profit (loss) for the period9904 | €21,830 | €267 | -€2,678 | -€6,974 | €7,931 | ▲ 214% |
| Profit (loss) for the period to be appropriated9905 | €21,830 | €267 | -€2,678 | -€6,974 | €7,931 | ▲ 214% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145,740 | €148,444 | €157,791 | €148,653 | €266,881 | ▲ 79.5% |
| Fixed assets21/28 | €281 | €2,303 | €1,504 | €705 | €52,294 | ▲ 7,314% |
| Tangible fixed assets22/27 | €281 | €2,303 | €1,504 | €705 | €52,294 | ▲ 7,314% |
| Plant, machinery and equipment23 | - | €2,116 | €1,411 | €705 | €3,133 | ▲ 344% |
| Furniture and vehicles24 | - | €187 | €94 | - | €49,161 | - |
| Current assets29/58 | €145,458 | €146,140 | €156,287 | €147,947 | €214,588 | ▲ 45.0% |
| Amounts receivable within one year40/41 | €132,077 | €146,140 | €135,677 | €128,768 | €175,855 | ▲ 36.6% |
| Trade receivables40 | - | €146,140 | €135,677 | €128,768 | €175,855 | ▲ 36.6% |
| Cash at bank and in hand54/58 | €13,381 | - | €20,610 | €19,179 | €38,505 | ▲ 101% |
| Deferred charges and accrued income490/1 | - | - | - | - | €227 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145,740 | €148,444 | €157,791 | €148,653 | €266,881 | ▲ 79.5% |
| Equity10/15 | €77,045 | €77,312 | €74,634 | €67,660 | €75,611 | ▲ 11.8% |
| Contributions10/11 | - | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Reserves13 | €53,045 | €53,312 | €50,634 | €43,660 | €51,611 | ▲ 18.2% |
| Non-distributable reserves130/1 | - | €2,400 | €2,400 | €2,400 | €2,400 | = |
| Reserves not available under the articles1311 | - | €2,400 | €2,400 | €2,400 | €2,400 | = |
| Distributable reserves133 | - | €50,912 | €48,234 | €41,260 | €49,211 | ▲ 19.3% |
| Amounts payable17/49 | €68,694 | €71,132 | €83,157 | €80,993 | €191,270 | ▲ 136% |
| Amounts payable within one year42/48 | €64,964 | €71,132 | €83,157 | €80,993 | €191,270 | ▲ 136% |
| Financial debts43 | - | €13 | - | - | - | - |
| Credit institutions430/8 | - | €13 | - | - | - | - |
| Trade debts44 | €32,415 | €41,042 | €42,408 | €58,244 | €184,021 | ▲ 216% |
| Suppliers440/4 | - | €41,042 | €42,408 | €58,244 | €184,021 | ▲ 216% |
| Taxes, remuneration and social security45 | - | €1,493 | - | - | - | - |
| Taxes450/3 | - | €1,493 | - | - | - | - |
| Other amounts payable47/48 | - | €28,584 | €40,749 | €22,749 | €7,249 | ▼ 68.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,830 | €267 | -€2,678 | -€6,974 | €7,931 | ▲ 214% |
| + Depreciation and write-downs630 | €94 | €799 | €799 | €799 | €13,436 | ▲ 1,581% |
| Operating cash flow (approximation) | €21,924 | €1,066 | -€1,879 | -€6,175 | €21,367 | ▲ 446% |
| Investment in fixed assets (approximation) | - | -€2,821 | €0 | €0 | -€65,024 | - |
| Change in cash | - | - | - | -€1,431 | €19,326 | ▲ 1,451% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 260 days late
2024
31-12
Financial
Back to profitnet €7,931
Net result €7,931 after 2 loss-making years.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Highest result since 2018net €21,830 ▲132%
Operating result €33,055, net result €21,830, both a record.
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
31-12
Financial
Back to profitnet €9,426
Net result €9,426 after one loss-making year.
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 134 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 137 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Zaventem
Ground area
2.1 ha
Parcel 23094D0098/00M000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0098/00M000 | Flanders | 2.1 ha | - | - |
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.
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,520 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896603563
Also
9925:BE0896603563
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.