RADE
Annual accounts 2025
micro format, filed on 28-04-2026, 2 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €140,000 and €290,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €52,075 on 30-09-2025in euro
in euro
Position in the sector
-44.1%
Lower than 95% of 35,136 companies in 2025.
0.30
Lower than 95% of 34,510 companies in 2025.
63.3%
Higher than 95% of 34,711 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
52,075 | 21,544 | 19,184 | 26,889 | 14,510 | 6,778 | 12,208 | 12,674 | 15,687 | 44,706 | 34,384 | 63,509 | 118,856 | 96,101 | 114,090 | 130,899 | 152,561 | |
21/28 |
29,552 | 11,044 | 4,257 | 1,639 | 2,478 | 384 | 769 | 215 | 1,671 | 16,321 | 32,411 | 53,078 | 87,298 | 92,790 | 98,540 | 121,961 | 145,157 | |
21 |
- | - | - | - | - | - | - | - | - | 12,864 | 25,727 | 38,590 | 64,318 | 77,180 | 90,044 | 102,908 | 115,772 | |
22/27 |
29,552 | 11,044 | 4,257 | 1,639 | 2,478 | 384 | 769 | 215 | 1,671 | 3,458 | 6,684 | 14,488 | 22,980 | 15,610 | 8,496 | 18,903 | 29,235 | |
23 |
- | - | - | - | - | - | - | - | - | 330 | 861 | 575 | - | - | - | - | - | |
24 |
29,552 | 11,044 | 4,257 | 1,639 | 2,478 | 384 | 769 | 215 | 1,671 | 3,127 | 5,823 | 13,913 | 22,980 | 15,610 | 8,496 | 18,903 | 29,235 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 150 | 150 | |
29/58 |
22,523 | 10,500 | 14,926 | 25,249 | 12,032 | 6,393 | 11,439 | 12,459 | 14,016 | 28,385 | 1,973 | 10,431 | 31,558 | 3,311 | 15,550 | 8,938 | 7,404 | |
3 |
- | - | 2,057 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
- | - | 2,057 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
7,320 | 3,212 | 2,067 | 1,120 | 900 | 3,270 | 1,271 | 6,368 | 11,527 | 13,796 | 1,050 | 10,226 | 24,375 | 2,476 | 11,688 | 2,844 | 3,397 | |
40 |
7,320 | 850 | 1,961 | - | 400 | 2,136 | 411 | - | 6,940 | 12,271 | - | 8,469 | 18,182 | - | 9,437 | 856 | 854 | |
41 |
- | 2,362 | 106 | 1,120 | 500 | 1,134 | 859 | 6,368 | 4,588 | 1,524 | 1,050 | 1,757 | 6,193 | 2,476 | 2,251 | 1,988 | 2,543 | |
54/58 |
14,029 | 6,203 | 9,694 | 23,083 | 10,084 | 2,228 | 9,310 | 5,259 | 1,762 | 14,068 | 923 | 205 | 7,183 | 835 | 3,862 | 6,094 | 4,007 | |
490/1 |
1,174 | 1,086 | 1,108 | 1,046 | 1,048 | 896 | 858 | 832 | 727 | 522 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
52,075 | 21,544 | 19,184 | 26,889 | 14,510 | 6,778 | 12,208 | 12,674 | 15,687 | 44,706 | 34,384 | 63,509 | 118,856 | 96,101 | 114,090 | 130,899 | 152,561 | |
10/15 |
-22,952 | -55,914 | -61,613 | -54,513 | -69,640 | -76,414 | -69,017 | -68,890 | -67,634 | -34,627 | -44,410 | -30,784 | -11,952 | -8,870 | 12,417 | 25,510 | 20,904 | |
10/11 |
25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | |
100 |
- | - | - | - | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | 25,400 | |
13 |
- | - | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | - | |
130/1 |
- | - | 1,800 | 1,800 | 1,800 | 1,800 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | - | |
1311 |
- | - | 1,800 | 1,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-48,352 | -81,314 | -88,813 | -81,713 | -96,840 | -103,614 | -96,217 | -96,090 | -94,834 | -61,827 | -71,610 | -57,984 | -39,152 | -36,070 | -14,783 | -1,690 | -4,496 | |
17/49 |
75,027 | 77,459 | 80,797 | 81,401 | 84,149 | 83,191 | 81,225 | 81,564 | 83,321 | 79,333 | 78,794 | 94,293 | 130,808 | 104,971 | 101,673 | 105,389 | 131,657 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | 5,348 | 45,604 | 28,565 | 9,945 | 15,352 | 20,167 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | 5,348 | 45,604 | 28,565 | 9,945 | 15,352 | 20,167 | |
42/48 |
75,027 | 77,459 | 80,797 | 81,401 | 84,149 | 83,191 | 81,225 | 81,564 | 83,321 | 79,333 | 78,794 | 88,945 | 85,204 | 76,406 | 91,728 | 90,037 | 111,490 | |
42 |
- | - | - | - | - | - | - | - | - | - | 3,120 | - | - | - | - | 2,050 | 1,777 | |
44 |
892 | 477 | 722 | 635 | 782 | 335 | 2,860 | 2,622 | 3,650 | 1,421 | 3,879 | 1,149 | 4,848 | 16,212 | 6,424 | 21 | 2,964 | |
440/4 |
892 | 477 | 722 | 635 | 782 | 335 | 2,860 | 2,622 | 3,650 | 1,421 | 3,879 | 1,149 | 4,848 | 16,212 | 6,424 | 21 | 2,964 | |
46 |
- | - | - | - | - | 2,264 | - | - | - | - | - | - | - | - | - | 5,070 | 8,400 | |
45 |
157 | - | - | - | - | - | - | - | - | 13 | 13 | - | - | - | - | - | 712 | |
450/3 |
157 | - | - | - | - | - | - | - | - | 13 | 13 | - | - | - | - | - | - | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 712 | |
47/48 |
73,978 | 76,981 | 80,075 | 80,766 | 83,367 | 80,592 | 78,365 | 78,942 | 79,671 | 77,900 | 71,782 | 87,796 | 80,356 | 60,194 | 85,304 | 82,896 | 97,637 | |
| Income statement | ||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 59,478 | 96,343 | 70,852 | |
76A |
4,526 | - | - | 253 | - | - | - | 806 | 4,000 | 1,815 | - | - | - | - | - | - | - | |
9900 |
40,845 | 7,872 | -4,156 | 16,949 | 8,782 | -6,629 | 881 | 597 | -17,447 | 27,543 | 11,331 | 6,464 | 24,256 | 10,563 | 11,972 | 41,040 | 26,621 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 47,506 | 55,303 | 44,231 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,700 | 3,454 | |
630 |
7,416 | 1,478 | 2,499 | 1,439 | 1,623 | 384 | 599 | 1,456 | 14,650 | 18,772 | 22,734 | 22,189 | 24,460 | 29,164 | 23,271 | 24,691 | 25,882 | |
631/4 |
- | - | - | - | - | - | - | - | 350 | - | - | - | - | - | - | - | - | |
640/8 |
400 | 387 | 384 | 348 | 348 | 348 | 348 | 348 | 368 | 348 | 621 | 352 | 640 | 406 | 803 | 455 | 526 | |
9901 |
33,030 | 6,007 | -7,040 | 15,162 | 6,811 | -7,361 | -66 | -1,206 | -32,814 | 8,423 | -12,024 | -16,077 | -844 | -19,007 | -12,102 | 7,194 | -3,241 | |
75/76B |
- | 1 | - | - | - | 2 | 1 | 0 | 1 | 3 | - | 86 | 19 | - | 25 | 184 | - | |
75 |
- | 1 | - | - | - | 2 | 1 | 0 | 1 | 3 | - | 86 | 19 | - | 25 | 184 | - | |
65/66B |
67 | 309 | 61 | 35 | 38 | 38 | 62 | 50 | 193 | 457 | 1,601 | 147 | 1,818 | 2,280 | 231 | 2,772 | 1,255 | |
65 |
67 | 56 | 61 | 35 | 38 | 38 | 62 | 50 | 193 | 457 | 1,601 | 147 | 1,818 | 2,280 | 231 | 2,772 | 1,255 | |
66B |
- | 253 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
32,963 | 5,699 | -7,101 | 15,127 | 6,774 | -7,397 | -127 | -1,256 | -33,007 | 9,783 | -13,625 | -16,138 | -2,643 | -21,287 | -12,308 | 4,606 | -4,496 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | - | - | 439 | - | 785 | - | - | |
9904 |
32,963 | 5,699 | -7,101 | 15,127 | 6,774 | -7,397 | -127 | -1,256 | -33,007 | 9,783 | -13,625 | -16,138 | -3,082 | -21,287 | -13,093 | 4,606 | -4,496 | |
9905 |
32,963 | 5,699 | -7,101 | 15,127 | 6,774 | -7,397 | -127 | -1,256 | -33,007 | 9,783 | -13,625 | -16,138 | -3,082 | -21,287 | -13,093 | 4,606 | -4,496 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-48,352 | -83,114 | -88,813 | -81,713 | -96,840 | -103,614 | -96,217 | -96,090 | -94,834 | -61,827 | -71,610 | -57,984 | -39,152 | -36,070 | -14,783 | 110 | -4,496 | |
14P |
-81,314 | -88,813 | -81,713 | -96,840 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 1,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,800 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,800 | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | 1.5 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,088 | 2,064 | |
| Document | ||||||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 28-04-2026 | 2026-00089906 | |
| 30-09-2024 | micro format | 27-04-2025 | 2025-00086577 | |
| 30-09-2023 | micro format | 07-05-2024 | 2024-00083327 | |
| 30-09-2022 | micro format | 20-04-2023 | 2023-00061772 | |
| 30-09-2021 | micro format | 07-03-2022 | 2022-07200432 | |
| 30-09-2020 | micro format | 21-04-2021 | 2021-10900079 | |
| 30-09-2019 | micro format | 24-02-2020 | 2020-05600011 | |
| 30-09-2018 | micro format | 31-03-2019 | 2019-09000407 | |
| 30-09-2017 | micro format | 28-03-2018 | 2018-08600556 | |
| 30-09-2016 | full format | 28-02-2017 | 2017-05500072 | |
| 30-09-2015 | full format | 31-03-2016 | 2016-09200476 | |
| 30-09-2014 | full format | 23-04-2015 | 2015-10300211 | |
| 30-09-2012 | full format | 09-04-2013 | 2013-08800292 | |
| 30-09-2011 | full format | 25-04-2012 | 2012-10300438 | |
| 30-09-2010 | full format | 18-05-2011 | 2011-11800438 | |
| 30-09-2009 | full format | 27-01-2011 | 2011-01700587 | |
| 30-09-2008 | full format | 02-09-2009 | 2009-75300223 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40,445 | 7,485 | -4,541 | 16,601 | 8,434 | -6,977 | 534 | 250 | -18,165 | 27,195 | 10,710 | 6,112 | 23,616 | 10,157 | 11,169 | 31,885 | 22,641 | ||
| 40,378 | 7,177 | -4,602 | 16,566 | 8,397 | -7,013 | 473 | 200 | -18,357 | 28,556 | 9,109 | 6,051 | 21,378 | 7,877 | 10,178 | 29,297 | 21,386 | ||
| 34,162 | 8,264 | 5,117 | 600 | 3,716 | 0 | 1,153 | 0 | 0 | 2,683 | 2,066 | 2,720 | 18,968 | 23,414 | -150 | 1,495 | 171,039 | ||
| 7,826 | -3,492 | -13,389 | 12,999 | 7,856 | -7,083 | 4,052 | 3,496 | -12,306 | 13,145 | 718 | - | 6,348 | -3,027 | -2,232 | 2,087 | - | ||
| -52,503 | -66,958 | -65,871 | -56,152 | -72,118 | -76,798 | -69,785 | -69,105 | -69,305 | -50,948 | -76,821 | -78,514 | -53,646 | -73,095 | -76,178 | -81,099 | -104,086 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | -20.3% | 7.5% | -4.6% | ||
| -44.1% | -259.5% | -321.2% | -202.7% | -480.0% | - | -565.3% | -543.6% | -431.1% | -77.5% | -129.2% | -48.5% | -10.1% | -9.2% | 10.9% | 19.5% | 13.7% | ||
| 0.30 | 0.14 | 0.18 | 0.31 | 0.14 | 0.08 | 0.14 | 0.15 | 0.17 | 0.36 | 0.03 | 0.12 | 0.37 | 0.04 | 0.17 | 0.10 | 0.07 | ||
| 0.30 | 0.14 | 0.16 | 0.31 | 0.14 | 0.08 | 0.14 | 0.15 | 0.17 | 0.36 | 0.03 | 0.12 | 0.37 | 0.04 | 0.17 | 0.10 | 0.07 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.19 | 4.13 | 6.30 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | -105.4% | 18.1% | -21.5% | ||
| 63.3% | 26.5% | -37.0% | 56.3% | 46.7% | -109.1% | -1.0% | -9.9% | -210.4% | 21.9% | -39.6% | -25.4% | -2.6% | -22.2% | -11.5% | 3.5% | -2.9% | ||
| over 100 | over 100 | -74.64 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 58 days | 3 days | 4 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49 days | 0 days | 24 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €34,162 | €8,264 | €5,117 | €600 |
| €7,416 | €1,478 | €2,499 | €1,439 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on RADE
The operating result for 2025 is 5.5 times that of 2024 and the highest since 2008. It is the second rise in a row, after the fall in 2023.
Equity is negative. Debt (€75,027) exceeds the balance-sheet total (€52,075).