RADCO
ActiveSummary
RADCO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.6m and a net result of €17,007. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 70% of 302 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability34▼-39
Solvency90▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.59 in 2023; short-term debt: 35.3% and cash: 3.5% of total assets), and 35.3% of the assets are financed with debt.
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Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.7%
Return on assets
0.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
61 d late
2022
71 d late
2021
79 d late
2020
88 d late
2019
69 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 72 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#5 company by total assets in Hainaut, Wood and cork sector#5 company by equity in Hainaut, Wood and cork sector#8 employer in Hainaut, Wood and cork sector
Equity
€3.6m▲ 0.5%
2023 · €3.6m
Total assets
€5.6m▼ 2.0%
2023 · €5.7m
Net result
€17,007▼ 90.8%
2023 · €184,784
Working capital
€3.4m▲ 0.9%
2023 · €3.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, 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-€6,981€70,111€73,472▲ 4.8%€282,312▲ 284%€37,221▼ 86.8%
Net result€8,391within the sector's middle half▼ 63.7%€65,755within the sector's middle half▲ 684%€44,277within the sector's middle half▼ 32.7%€184,784within the sector's middle half▲ 317%€17,007within the sector's middle half▼ 90.8%
Equity€3.3mabove the sector's middle half▲ 0.3%€3.4mabove the sector's middle half▲ 2.0%€3.4mabove the sector's middle half▲ 1.3%€3.6mabove the sector's middle half▲ 5.4%€3.6mabove the sector's middle half▲ 0.5%
Total assets€5.2mabove the sector's middle half▼ 0.3%€5.9mabove the sector's middle half▲ 14.3%€6.1mabove the sector's middle half▲ 2.7%€5.7mabove the sector's middle half▼ 6.1%€5.6mabove the sector's middle half▼ 2.0%
Debt€1.9m▼ 1.4%€2.6m▲ 35.9%€2.7m▲ 4.5%€2.1m▼ 20.9%€2.0m▼ 6.2%
Working capital€2.9mabove the sector's middle half▲ 1.6%€3.0mabove the sector's middle half▲ 4.0%€3.2mabove the sector's middle half▲ 3.7%€3.4mabove the sector's middle half▲ 6.7%€3.4mabove the sector's middle half▲ 0.9%
Solvency63.8%within the sector's middle half▲ 0.4pp56.9%within the sector's middle half▼ 6.9pp56.1%within the sector's middle half▼ 0.8pp63.1%within the sector's middle half▲ 6.9pp64.7%within the sector's middle half▲ 1.6pp
Current ratio2.55within the sector's middle half▲ 0.052.19within the sector's middle half▼ 0.362.19within the sector's middle half=2.59within the sector's middle half▲ 0.402.71within the sector's middle half▲ 0.12
Return on assets (ROA)0.2%below the sector's middle half▼ 0.3pp1.1%below the sector's middle half▲ 0.9pp0.7%below the sector's middle half▼ 0.4pp3.2%within the sector's middle half▲ 2.5pp0.3%within the sector's middle half▼ 2.9pp
Staff (FTE)11.2within the sector's middle half▼ 14.5%14.4within the sector's middle half▲ 28.6%15.5within the sector's middle half▲ 7.6%14.8within the sector's middle half▼ 4.5%13.5within the sector's middle half▼ 8.8%
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 87% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.6m
Fixed assets
€226,702 ▼ 6.0%
Current assets
€5.4m ▼ 1.8%
Equity and liabilities €5.6m
Equity
€3.6m ▲ 0.5%
Debt
€2.0m ▼ 6.2%
Debt's share of the balance-sheet total falls from 36.9% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€85,807▼
2023 · €338,280
Cash flow
€65,593▼
2023 · €240,752
Quick ratio
2.24▲
2023 · 2.03
Debt to equity
0.55▼
2023 · 0.59
ROE
0.5%▼
2023 · 5.1%
Interest coverage
1.78▼
2023 · 6.78
Debt ≤ 1 year
€2.0m▼
2023 · €2.1m
Income taxes
€6,188▼
2023 · €64,516
Staff costs
€666,342▼
2023 · €673,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 14,733 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 | - | - | - | €4,000 | - | - |
| Remuneration, social security and pensions62 | - | €624,834 | €705,456 | €673,037 | €666,342 | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,464 | €64,443 | €67,994 | €55,968 | €48,586 | ▼ 13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €20,613 | €4,533 | €47,694 | €931 | ▼ 98.0% |
| Other operating charges640/8 | - | €111,695 | €2,647 | €5,274 | €6,463 | ▲ 22.5% |
| Gross operating margin9900 | €567,998 | €891,696 | €854,103 | €1.1m | €759,542 | ▼ 28.6% |
| Operating profit (loss)9901 | -€6,981 | €70,111 | €73,472 | €282,312 | €37,221 | ▼ 86.8% |
| Financial income75/76B | - | €35,487 | €17,516 | €16,906 | €34,139 | ▲ 102% |
| Recurring financial income75 | €47,635 | €35,487 | €17,516 | €16,906 | €34,139 | ▲ 102% |
| Financial charges65/66B | - | €25,598 | €31,861 | €49,916 | €48,164 | ▼ 3.5% |
| Recurring financial charges65 | €30,797 | €25,598 | €31,861 | €49,916 | €48,164 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | €9,857 | €80,001 | €59,127 | €249,301 | €23,195 | ▼ 90.7% |
| Income taxes67/77 | €1,466 | €14,246 | €14,850 | €64,516 | €6,188 | ▼ 90.4% |
| Profit (loss) for the period9904 | €8,391 | €65,755 | €44,277 | €184,784 | €17,007 | ▼ 90.8% |
| Profit (loss) for the period to be appropriated9905 | €8,391 | €65,755 | €44,277 | €184,784 | €17,007 | ▼ 90.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.2m | €5.9m | €6.1m | €5.7m | €5.6m | ▼ 2.0% |
| Fixed assets21/28 | €385,441 | €334,498 | €285,068 | €241,280 | €226,702 | ▼ 6.0% |
| Intangible fixed assets21 | €24,256 | €14,568 | €4,879 | - | - | - |
| Tangible fixed assets22/27 | €361,185 | €319,931 | €280,189 | €241,280 | €226,702 | ▼ 6.0% |
| Land and buildings22 | - | €229,795 | €202,786 | €175,777 | €148,768 | ▼ 15.4% |
| Plant, machinery and equipment23 | - | €70,652 | €67,893 | €50,764 | €36,756 | ▼ 27.6% |
| Furniture and vehicles24 | - | €19,483 | €9,510 | €14,739 | €7,458 | ▼ 49.4% |
| Other tangible fixed assets26 | - | - | - | - | €33,719 | - |
| Current assets29/58 | €4.8m | €5.6m | €5.8m | €5.5m | €5.4m | ▼ 1.8% |
| Stocks and contracts in progress3 | €712,710 | €1.3m | €1.4m | €1.2m | €937,001 | ▼ 21.1% |
| Stocks30/36 | - | €1.0m | €1.1m | €950,250 | €700,250 | ▼ 26.3% |
| Contracts in progress37 | - | €297,128 | €244,345 | €237,791 | €236,751 | ▼ 0.4% |
| Amounts receivable within one year40/41 | €3.4m | €4.0m | €4.2m | €4.0m | €4.2m | ▲ 7.0% |
| Trade receivables40 | - | €2.2m | €2.5m | €2.2m | €2.5m | ▲ 13.8% |
| Other amounts receivable41 | - | €1.7m | €1.7m | €1.8m | €1.7m | ▼ 1.4% |
| Cash at bank and in hand54/58 | €329,979 | €298,144 | €172,755 | €321,655 | €194,304 | ▼ 39.6% |
| Deferred charges and accrued income490/1 | - | €9,417 | €5,361 | €5,501 | €5,480 | ▼ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.2m | €5.9m | €6.1m | €5.7m | €5.6m | ▼ 2.0% |
| Equity10/15 | €3.3m | €3.4m | €3.4m | €3.6m | €3.6m | ▲ 0.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €646,836 | €646,836 | €646,836 | €646,836 | €646,836 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €640,636 | €640,636 | €640,636 | €640,636 | = |
| Profit (loss) carried forward14 | €2.6m | €2.7m | €2.7m | €2.9m | €2.9m | ▲ 0.6% |
| Amounts payable17/49 | €1.9m | €2.6m | €2.7m | €2.1m | €2.0m | ▼ 6.2% |
| Amounts payable within one year42/48 | €1.9m | €2.6m | €2.6m | €2.1m | €2.0m | ▼ 6.2% |
| Trade debts44 | €604,196 | €1.1m | €1.1m | €509,550 | €442,927 | ▼ 13.1% |
| Suppliers440/4 | - | €1.1m | €1.1m | €509,550 | €442,927 | ▼ 13.1% |
| Taxes, remuneration and social security45 | - | €147,739 | €120,651 | €83,038 | €87,688 | ▲ 5.6% |
| Taxes450/3 | - | €95,432 | €62,570 | €27,258 | €32,326 | ▲ 18.6% |
| Remuneration and social security454/9 | - | €52,307 | €58,081 | €55,780 | €55,362 | ▼ 0.8% |
| Other amounts payable47/48 | - | €1.3m | €1.4m | €1.5m | €1.4m | ▼ 4.6% |
| Accrued charges and deferred income492/3 | - | - | €18,986 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,391 | €65,755 | €44,277 | €184,784 | €17,007 | ▼ 90.8% |
| + Depreciation and write-downs630 | €59,464 | €64,443 | €67,994 | €55,968 | €48,586 | ▼ 13.2% |
| Operating cash flow (approximation) | €67,855 | €130,198 | €112,272 | €240,752 | €65,593 | ▼ 72.8% |
| Investment in fixed assets (approximation) | - | -€13,500 | -€18,564 | -€12,180 | -€34,008 | ▼ 179% |
| Change in cash | - | -€31,835 | -€125,389 | €148,900 | -€127,350 | ▼ 186% |
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 · abbreviated schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €184,784 ▲317%
Operating result €282,312, net result €184,784, both a record.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 79 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 62 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
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
6 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, Mouscron · 1 establishment unit since 1994
Ground area
1.6 ha
Building footprint
861 m²
Volume, LiDAR
5,038 m³
Parcel 54007B0205/00E000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Malgré-Toutstraat 50, 7700 Mouscron
since 19942.130.865.811
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0205/00E000 | Wallonia | 1.6 ha | 1 · 861 m² | 8.8 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- NEANKAST
- RADCO
Highest known parent: NEANKAST. The sources do not say who stands above it.
Owners 1
- NEANKASTparentSourceaccounts NEANKAST 202499%
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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Of 1,599 companies in sector 16230 we hold annual accounts for 784. 217 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
22240Manufacture of rubber and plastic products
46831Wholesale of construction materials, general range
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446896618
Registered
28-11-2025
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.