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Radius LeaseWear

Active
Private limited companyfounded 2023active for 3 yearsPathoekeweg 15, 8000 Brugge, BelgiumKBO/BCE: BE 0798.143.417
Summary

The computed 12-month bankruptcy probability of Radius LeaseWear is 1.9% (moderate). The 2025 annual accounts show equity of €1.4m and a net result of €542,837. Equity is growing by about 53% per year across the filed financial years. Its solvency ranks better than 50% of 1,122 sector peers (NACE 77, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Rental and leasing activities
NACE 77224
1 site
Size
€4.0mtotal assets 2025
Equity
€1.4m
Profit
€542,837
Turnover not published (abbreviated format)
Financial health
57 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Structure
Parent
The Workwear Group · 100%
  • LACOSY BVDirector · permanent representative Pieter Cosyn
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 21 days early3 of 5 deeds read
Why 57raises riskLiquidity: current ratio 4.97Founded in 20231 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 10-07-2026)Show the evidence

Checked score

Score 2025
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 83% of its sector peers (NACE 77, small)
Financial strength · tick = 2024
Strong
Solvency 61-4
equity 36.3% of total assets
Liquidity 97+11
short-term debt 12.5%
Profitability 86-5
return on assets 13.7%
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (467 companies, NACE 77, small)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%● unchanged vs 11-2024 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.6%▲ +0.1 percentage points vs 01-2025 03-2025: 1.5%▼ -0.1 percentage points vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.6%▲ +0.1 percentage points vs 05-2025 07-2025: 1.6%● unchanged vs 06-2025 08-2025: 1.4%▼ -0.2 percentage points vs 07-2025 09-2025: 1.3%▼ -0.1 percentage points vs 08-2025 10-2025: 1.3%● unchanged vs 09-2025 11-2025: 1.2%▼ -0.1 percentage points vs 10-2025lowest value 12-2025: 1.2%● unchanged vs 11-2025lowest value 01-2026: 1.2%● unchanged vs 12-2025lowest value 02-2026: 1.2%● unchanged vs 01-2026lowest value 03-2026: 1.2%● unchanged vs 02-2026lowest value 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.3%▲ +0.1 percentage points vs 06-2026 08-2026: 2.4%▲ +1.1 percentage points vs 07-2026highest value 09-2026: 2.4%● unchanged vs 08-2026highest value 10-2026: 1.9%▼ -0.5 percentage points vs 09-2026
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.97, compared with 1.28 in 2024; short-term debt: 12.5% of total assets), but 63.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, small): better than 52% on solvency, 99% on liquidity, 89% on profitability and 94% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 4.97
NBB · annual accounts
raises risk · Founded in 2023
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed 10-07-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
21 days early
2024
31 days early
2023
41 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 31 days before the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Permanent representatives: Evelien De Groote and…Gazette deed
  2. Registered officeRegistered-office move
  3. Annual accounts filedfinancial year 2025 · abbreviated…

Key points

  • Positive: Among the best 6% on net resultsector median €16,438 · 1,122 companies €542,837 View
  • Positive: Equity rose in 2025from €892,083 to €1.4m ▲ 60.9% View
  • Controlled by The Workwear Groupultimately: Domo Investment Group NV 100% View

By topic

Financials

Financial year
2025
Total assets
€4.0m
Profit
€542,837
Solvency
36.3%
Total assets▲ 76.9%
Net result
20232025
Go to Financials

Board & ownership

Board
1 member
Parent
The Workwear Group · 100%
Auditor
Ernst et Young Reviseurs…
  • LACOSY BVDirector
Go to Board & ownership

Timeline

Events
10
Since
2024
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2023 to 2025
  2. 31-12-2025Liquidity more than triples
  3. 31-12-2025Equity above €1m
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Rental and leasing activitiesNACE 77224
Founded
06-02-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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