RADERMACHER DISTILLERIE
ActiveSummary
RADERMACHER DISTILLERIE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.30M and a net result of €-221k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-33
Solvency48=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.38 in 2024; short-term debt: 29.9% and cash: 1.4% of total assets), and 76.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 20
Relative position
BE, all sectors
reference
Sector 20
lower
← 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 2025Solvency, return and age of the figures
Solvency
23.4%
Return on assets
-4%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 267 sector peers (2025).
NBB · sector comparisonPosition among 267 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-09-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
31 d early
2023
83 d early
2022
87 d early
2021
67 d early
2020
43 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-221k
2024 · €156k
2019: €158k
2020: €89k
2021: €346k
2022: €683k
2023: €69k
2024: €156k
2019 → 2025
Working capital
€560k▼ 13.3%
2024 · €646k
2019: €67k
2020: €148k
2021: €329k
2022: €1.49M
2023: €527k
2024: €646k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€707k-€1.26M▲ 78.9%€1.31M▲ 3.9%€1.39M▲ 5.9%€1.30M▼ 6.8%
Operating result€489k-€790k▲ 61.7%€106k▼ 86.6%€166k▲ 56.7%€-168k
Net result€346k-€683k▲ 97.2%€69k▼ 89.9%€156k▲ 125%€-221k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €168k after €166k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.55M
Fixed assets
€3.33M ▼ 9.1%
Current assets
€2.22M ▼ 5.2%
Equity and liabilities €5.55M
Equity
€1.30M ▼ 6.8%
Debt
€4.25M ▼ 7.8%
Debt's share of the balance-sheet total falls from 76.8% to 76.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€259k▼
2024 · €590k
Cash flow
€206k▼
2024 · €580k
Current ratio
1.34▼
2024 · 1.38
Quick ratio
0.46▼
2024 · 0.51
Debt to equity
3.28▼
2024 · 3.31
ROE
-17.0%▼
2024 · 11.2%
ROA
-4.0%▼
2024 · 2.6%
Interest coverage
3.08▼
2024 · 7.02
Debt ≤ 1 year
€1.66M▼
2024 · €1.69M
Debt > 1 year
€2.59M▼
2024 · €2.92M
Income taxes
€1k▼
2024 · €1k
Staff costs
€964k▲
2024 · €962k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.00M€5.55M▼
Fixed assets21/28€3.66M€3.33M▼
Intangible fixed assets21€19k€8k▼
Tangible fixed assets22/27€3.64M€3.32M▼
Land and buildings22€2.86M€2.76M▼
Plant, machinery and equipment23€695k€491k▼
Furniture and vehicles24€89k€72k▼
Current assets29/58€2.34M€2.22M▼
Stocks and contracts in progress3€1.48M€1.46M▼
Stocks30/36€1.48M€1.46M▼
Amounts receivable within one year40/41€704k€672k▼
Trade receivables40€703k€670k▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€151k€80k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€6.00M€5.55M▼
Equity10/15€1.39M€1.30M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€133k€133k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€127k€127k=
Profit (loss) carried forward14€1.18M€956k▼
Investment grants15€19k€145k▲
Amounts payable17/49€4.61M€4.25M▼
Amounts payable after more than one year17€2.92M€2.59M▼
Financial debts170/4€2.92M€2.59M▼
Amounts payable within one year42/48€1.69M€1.66M▼
Current portion of amounts payable after more than one year42€333k€334k▲
Financial debts43€375k€418k▲
Credit institutions430/8€375k€418k▲
Trade debts44€512k€386k▼
Suppliers440/4€512k€386k▼
Bills of exchange payable441-€364
Advances received on contracts in progress46€2k€5k▲
Taxes, remuneration and social security45€145k€187k▲
Taxes450/3€38k€50k▲
Remuneration and social security454/9€107k€137k▲
Other amounts payable47/48€328k€328k=
Income statement
Code20242025
Remuneration, social security and pensions62€962k€964k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€424k€426k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€9k€9k▼
Gross operating margin9900€1.56M€1.24M▼
Operating profit (loss)9901€166k€-168k▼
Financial income75/76B€75k€32k▼
Recurring financial income75€69k€32k▼
Non-recurring financial income76B€6k-
Financial charges65/66B€84k€84k▼
Recurring financial charges65€84k€84k▼
Profit (loss) for the period before taxes9903€157k€-219k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€156k€-221k▼
Profit (loss) for the period to be appropriated9905€156k€-221k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.21M€956k▼
Profit (loss) brought forward from the previous period14P€1.06M€1.18M▲
Profit to be distributed694/7€35k-
Return on contributions (dividend)694€35k-
Social balance
Average headcount (FTE)908723.021.2▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
State Gazette act
RestructuringMerger · Accounting effect2 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect2 facts ▸
- Merger
- Accounting effect, 01-04-2026
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet €-221k ▼242%
Net result drops to €-221k, the lowest in the series.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2019net €683k ▲97.2%
Operating result €790k, net result €683k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 2.91
Current ratio from 1.26 to 2.91; short-term debt falls from €1.25M to €779k.
31-03
Financial
Equity above €1MEq €1.26M ▲78.9%
4 profitable years in a row build equity to €1.26M.
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Equity above €500kEq €707k ▲76.5%
3 profitable years in a row build equity to €707k.
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Raeren · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Spitalstrasse 504730 Raeren1 establishment unit
Spitalstrasse 50, 4730 Raeren
since 20002.097.411.895
Structure & network
Acquisitions and mergers
1 transactionTook over:Comment vous dire...
Recognitions · licences · registrations
Food safety, FASFC
1 siteRaeren2.097.411.895
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Of 107 companies in sector 20140 we hold annual accounts for 93. 43 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-06-2000
Fiscal year end31-03
Activities, NACEBEL 2025
11010Manufacture of beverages
20140Manufacture of chemicals and chemical products
11030Manufacture of beverages
11040Manufacture of beverages
11050Manufacture of beer
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filings
Scores and ratios are computed by Checked and are not a credit decision.