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RADIUS II

Active
Public limited companyfounded 201412 yrs activeKauwentijnestraat 11, 8810 Lichtervelde, BelgiumKBO/BCE: BE 0550.366.914
Summary

The computed 12-month bankruptcy probability of RADIUS II is 3.2% (moderate). The 2024 annual accounts show equity of €693,815 and a net result of -€125,751. Equity is shrinking by ~13% per year across the filed fiscal years. Its solvency ranks better than 55% of 1223 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
RADIUS IIActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Machining of metals
NACE 25530Manufacture of fabricated metal products, except machinery and equipment NACE 25620
1 site
Size
€1.4mtotal assets 2024
Equity
€693,815
Loss
-€125,751
Turnover not published (abridged schema)
Financial health
49 Fair Checked score 2024
Bankruptcy chance 12 m
3.2%
Structure
Parent
ANDIRO · 100%
Accounts 63 d overdue0 of 9 deeds read
Why 49- Liquidity: current ratio 0.00, cash €472, halved- Figures for FY 2024 (filed 02-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 29 days late; 1 of the last 3 late+ Size: total assets €1.4mShow the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 33% of its sector peers (NACE 25, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 76=
equity 50.5% of total assets
Liquidity 44-2
short-term debt 19.0% · cash 0.0%
Profitability 55+7
return on assets -9.2%
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,670 companies)
Last 14 months 09-2025: 1.2%lowest value 10-2025: 1.9%▲ +52.5% vs 09-2025 11-2025: 1.9%● 0.0% vs 10-2025 12-2025: 1.9%● 0.0% vs 11-2025 01-2026: 1.8%▼ -3.3% vs 12-2025 02-2026: 1.8%● 0.0% vs 01-2026 03-2026: 1.8%● 0.0% vs 02-2026 04-2026: 1.8%▼ -2.1% vs 03-2026 05-2026: 1.8%▼ -0.4% vs 04-2026 06-2026: 1.7%▼ -2.8% vs 05-2026 07-2026: 1.7%▼ -1.0% vs 06-2026 08-2026: 2.2%▲ +30.6% vs 07-2026 09-2026: 2.3%▲ +1.6% vs 08-2026 10-2026: 3.2%▲ +40.7% vs 09-2026highest value
  • Liquidity: current ratio 0.00, cash €472, halved raises the probability
  • Figures for FY 2024 (filed 02-09-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 29 days late; 1 of the last 3 late raises the probability
  • Size: total assets €1.4m lowers the probability for this profile
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.02 in 2023; short-term debt: 19% and cash: 0% of total assets), and 49.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, micro). Better than this share of them on solvency 54%, liquidity 34%, profitability 26%, growth against the median 19%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.00, cash €472, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 02-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 29 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €1.4m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€125,751
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
60 d late
2021
11 d early
2020
26 d late
2019
60 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 32 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Annual accounts filedfiscal year 2022 · abbreviated…

Key points

  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€125,751 View
  • Caution: Among the weakest 8% on net resultsector median €58,785 · 1,223 companies -€125,751 View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Controlled by ANDIRO 100% View

By topic

Financials

Fiscal year
2024
Total assets
€1.4m
Loss
-€125,751
Solvency
50.5%
Total assets▼ 14.6%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2016
  1. 29-08-2025Annual accounts filed
  2. 30-08-2024Annual accounts filed
  3. 29-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Machining of metalsNACE 25530
Founded
31-03-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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