Raderma
ActiveSummary
Raderma has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.1m and a net result of -€22,565. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24▼-73
Solvency73▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 2.5 in 2023; short-term debt: 22.5% and cash: 5.6% of total assets), but 52.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
47.6%
Return on assets
-0.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
5 d early
2022
4 d late
2021
31 d late
2020
3 d late
2019
98 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 14 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#8 oldest company in Sint-Truiden, Real estate sector#10 company by equity in Sint-Truiden, Real estate sector
Equity
€3.1m▼ 0.7%
2023 · €3.1m
Total assets
€6.5m▲ 5.1%
2023 · €6.2m
Net result
-€22,565
2023 · €1.4m
Working capital
€1.2m▼ 26.7%
2023 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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-€360,377€1.4m-€77,111€1.7m-€23,999
Net result-€465,653below the sector's middle half€916,661above the sector's middle half-€126,131below the sector's middle half€1.4mabove the sector's middle half-€22,565below the sector's middle half
Equity€942,362above the sector's middle half▼ 33.1%€1.9mabove the sector's middle half▲ 97.9%€1.7mabove the sector's middle half▼ 6.8%€3.1mabove the sector's middle half▲ 79.4%€3.1mabove the sector's middle half▼ 0.7%
Total assets€3.9mabove the sector's middle half▼ 17.5%€4.1mabove the sector's middle half▲ 4.6%€4.0mabove the sector's middle half▼ 2.3%€6.2mabove the sector's middle half▲ 54.7%€6.5mabove the sector's middle half▲ 5.1%
Debt€2.8m▼ 11.3%€1.7m▼ 39.1%€1.8m▲ 2.0%€2.7m▲ 51.7%€3.0m▲ 13.0%
Working capital-€971,854below the sector's middle half▼ 11.8%€640,472above the sector's middle half€268,244above the sector's middle half▼ 58.1%€1.7mabove the sector's middle half▲ 517%€1.2mabove the sector's middle half▼ 26.7%
Solvency24.1%within the sector's middle half▼ 5.6pp45.5%within the sector's middle half▲ 21.4pp43.4%within the sector's middle half▼ 2.1pp50.4%within the sector's middle half▲ 7.0pp47.6%within the sector's middle half▼ 2.8pp
Current ratio0.21below the sector's middle half▼ 0.245.58above the sector's middle half▲ 5.372.36within the sector's middle half▼ 3.222.50within the sector's middle half▲ 0.141.83within the sector's middle half▼ 0.67
Return on assets (ROA)-11.9%below the sector's middle half▼ 17.0pp22.4%above the sector's middle half▲ 34.2pp-3.1%below the sector's middle half▼ 25.5pp22.3%above the sector's middle half▲ 25.4pp-0.3%within the sector's middle half▼ 22.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 turns negative in 2024: a loss of €23,999 after €1.7m in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.5m
Fixed assets
€3.8m ▲ 11.7%
Current assets
€2.7m ▼ 2.9%
Equity and liabilities €6.5m
Equity
€3.1m ▼ 0.7%
Provisions
€387,553 ▼ 2.0%
Debt
€3.0m ▲ 13.0%
Debt's share of the balance-sheet total rises from 43.3% to 46.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€88,226▼
2023 · €1.8m
Cash flow
€89,660▼
2023 · €1.5m
Quick ratio
1.44▼
2023 · 2.50
Debt to equity
0.98▲
2023 · 0.86
ROE
-0.7%▼
2023 · 44.3%
Interest coverage
0.73▼
2023 · 20.99
Debt ≤ 1 year
€1.5m▲
2023 · €1.1m
Debt > 1 year
€1.5m▼
2023 · €1.5m
Income taxes
€775▼
2023 · €278,541
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 823 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.9%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.9% |
| 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 823 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 | - | €1.5m | €1,677 | €1.7m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €193,850 | €156,809 | €156,175 | €117,350 | €112,225 | ▼ 4.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€96,579 | - | - |
| Other operating charges640/8 | - | €43,638 | €17,829 | €22,336 | €17,111 | ▼ 23.4% |
| Non-recurring operating charges66A | - | - | - | €4,225 | - | - |
| Gross operating margin9900 | €111,215 | €1.6m | €96,893 | €1.7m | €105,337 | ▼ 94.0% |
| Operating profit (loss)9901 | -€360,377 | €1.4m | -€77,111 | €1.7m | -€23,999 | ▼ 101% |
| Financial income75/76B | - | €12,375 | €12,862 | €35,971 | €114,253 | ▲ 218% |
| Recurring financial income75 | €5,583 | €12,375 | €12,862 | €35,971 | €114,253 | ▲ 218% |
| Financial charges65/66B | - | €61,720 | €62,942 | €86,667 | €120,124 | ▲ 38.6% |
| Recurring financial charges65 | €111,737 | €61,720 | €62,942 | €86,667 | €120,124 | ▲ 38.6% |
| Profit (loss) for the period before taxes9903 | -€466,530 | €1.3m | -€127,192 | €1.7m | -€29,870 | ▼ 102% |
| Transfer from deferred taxes780 | - | €1,190 | €1,621 | €8,622 | €8,080 | ▼ 6.3% |
| Transfer to deferred taxes680 | - | €377,893 | - | - | - | - |
| Income taxes67/77 | €464 | €9,518 | €560 | €278,541 | €775 | ▼ 99.7% |
| Profit (loss) for the period9904 | -€465,653 | €916,661 | -€126,131 | €1.4m | -€22,565 | ▼ 102% |
| Transfer from tax-exempt reserves789 | - | €59,821 | €4,863 | €25,867 | €24,240 | ▼ 6.3% |
| Transfer to tax-exempt reserves689 | - | €1.1m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€462,599 | -€157,199 | -€121,269 | €1.4m | €1,675 | ▼ 99.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €4.1m | €4.0m | €6.2m | €6.5m | ▲ 5.1% |
| Fixed assets21/28 | €3.7m | €3.3m | €3.5m | €3.4m | €3.8m | ▲ 11.7% |
| Intangible fixed assets21 | €125,000 | - | - | - | - | - |
| Tangible fixed assets22/27 | €3.5m | €3.3m | €3.5m | €3.4m | €3.8m | ▲ 11.7% |
| Land and buildings22 | - | €3.0m | €3.3m | €3.4m | €3.7m | ▲ 7.4% |
| Plant, machinery and equipment23 | - | €1,436 | €856 | €400 | €110 | ▼ 72.5% |
| Furniture and vehicles24 | - | €28,433 | €22,851 | €20,411 | €19,745 | ▼ 3.3% |
| Assets under construction and advance payments27 | - | €250,513 | €250,513 | - | €146,802 | - |
| Financial fixed assets28 | €4,324 | €4,324 | €4,324 | €99 | €99 | = |
| Current assets29/58 | €255,612 | €780,319 | €465,682 | €2.8m | €2.7m | ▼ 2.9% |
| Amounts receivable after more than one year29 | - | €115,000 | €200,000 | €168,750 | €168,750 | = |
| Other amounts receivable291 | - | €115,000 | €200,000 | €168,750 | €168,750 | = |
| Stocks and contracts in progress3 | - | - | - | - | €574,842 | - |
| Stocks30/36 | - | - | - | - | €574,842 | - |
| Amounts receivable within one year40/41 | €269 | €222,512 | €6,082 | €8,683 | €661,080 | ▲ 7,513% |
| Trade receivables40 | - | €222,400 | - | €2,299 | - | - |
| Other amounts receivable41 | - | €112 | €6,082 | €6,384 | €661,080 | ▲ 10,255% |
| Current investments50/53 | €53,762 | €53,762 | €3,762 | €2.4m | €903,762 | ▼ 61.6% |
| Cash at bank and in hand54/58 | €74,972 | €370,707 | €246,893 | €202,773 | €362,971 | ▲ 79.0% |
| Deferred charges and accrued income490/1 | - | €18,339 | €8,945 | €27,741 | €9,138 | ▼ 67.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €4.1m | €4.0m | €6.2m | €6.5m | ▲ 5.1% |
| Equity10/15 | €942,362 | €1.9m | €1.7m | €3.1m | €3.1m | ▼ 0.7% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €917,362 | €1.8m | €1.7m | €3.1m | €3.1m | ▼ 0.7% |
| Non-distributable reserves130/1 | - | €11,822 | €11,822 | €9,322 | €9,322 | = |
| Reserves not available under the articles1311 | - | €11,822 | €11,822 | €9,322 | €9,322 | = |
| Tax-exempt reserves132 | - | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 2.0% |
| Distributable reserves133 | - | €610,595 | €489,327 | €1.9m | €1.9m | ▲ 0.1% |
| Provisions and deferred taxes16 | €131,776 | €502,456 | €500,835 | €395,633 | €387,553 | ▼ 2.0% |
| Provisions for liabilities and charges160/5 | - | €96,579 | €96,579 | - | - | - |
| Environmental obligations163 | - | €96,579 | €96,579 | - | - | - |
| Deferred taxes168 | - | €405,876 | €404,255 | €395,633 | €387,553 | ▼ 2.0% |
| Amounts payable17/49 | €2.8m | €1.7m | €1.8m | €2.7m | €3.0m | ▲ 13.0% |
| Amounts payable after more than one year17 | €1.6m | €1.6m | €1.5m | €1.5m | €1.5m | ▼ 1.8% |
| Financial debts170/4 | - | €72,699 | €49,345 | €27,320 | - | - |
| Other amounts payable178/9 | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Amounts payable within one year42/48 | €1.2m | €139,847 | €197,438 | €1.1m | €1.5m | ▲ 32.6% |
| Current portion of amounts payable after more than one year42 | - | €23,629 | €23,502 | €23,299 | - | - |
| Trade debts44 | €414 | €2,404 | €12,089 | €1,909 | €20,210 | ▲ 959% |
| Suppliers440/4 | - | €2,404 | €12,089 | €1,909 | €20,210 | ▲ 959% |
| Taxes, remuneration and social security45 | - | €28,365 | €18,530 | €295,332 | €305,599 | ▲ 3.5% |
| Taxes450/3 | - | €28,365 | €18,530 | €295,332 | €305,599 | ▲ 3.5% |
| Other amounts payable47/48 | - | €85,450 | €143,317 | €786,282 | €1.1m | ▲ 45.2% |
| Accrued charges and deferred income492/3 | - | €42,002 | €42,002 | €68,064 | €84,513 | ▲ 24.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€465,653 | €916,661 | -€126,131 | €1.4m | -€22,565 | ▼ 102% |
| + Depreciation and write-downs630 | €193,850 | €156,809 | €156,175 | €117,350 | €112,225 | ▼ 4.4% |
| Operating cash flow (approximation) | -€271,802 | €1.1m | €30,044 | €1.5m | €89,660 | ▼ 94.0% |
| Investment in fixed assets (approximation) | - | €185,969 | -€377,297 | -€10,965 | -€512,307 | ▼ 4,572% |
| Change in cash | - | €295,735 | -€123,814 | -€44,119 | €160,198 | ▲ 463% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1.4m
Net result €1.4m after one loss-making year.
31-12
Financial
Equity above €2mEq €3.1m ▲79.4%
Equity rises from €1.7m to €3.1m.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €916,661
Net result €916,661 after one loss-making year.
31-12
Financial
Liquidity times 27current ratio 5.58
Current ratio from 0.21 to 5.58; short-term debt falls from €1.2m to €139,847.
31-12
Financial
Equity above €1mEq €1.9m ▲97.9%
Equity rises from €942,362 to €1.9m.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
31-12
Financial
Weakest financial yearnet -€465,653
Net result drops to -€465,653, the lowest in the series; recovery starts the following year.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €242,639
Net result €242,639 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 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, Sint-Truiden · 1 establishment unit since 1983
Ground area
4,404 m²
Building footprint
678 m²
Volume, LiDAR
12,910 m³
Parcel 71053H0865/00F000, Flanders · tallest building 21.0 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Tiensevest 1, 3800 Sint-Truiden
since 19832.021.839.393
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053H0865/00F000 | Flanders | 4,404 m² | 1 · 678 m² | 21.0 m · 7 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
Owners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
5.97%
According to the 2021 annual accounts of Raderma and those 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.
Recognitions · licences · registrations
Care and welfare
1 serviceLeys Walter
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,209 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
Founded27-12-1982
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423852683
Also
9925:BE0423852683
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.