RADU PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of RADU PROJECTS is 2.4% (moderate). The 2025 annual accounts show equity of €37,318 and a net result of €5,708. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 4709 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+5
Solvency34▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.2 against 1.64 in 2024; short-term debt: 5.4% and cash: 0% of total assets), but 90.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.1%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4709 sector peers (2025).
NBB · sector comparisonPosition among 4709 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
35 d early
2023
71 d early
2022
61 d early
2021
41 d early
2020
31 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 20 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€37,318▲ 18.1%
2024 · €31,610
Total assets
€407,930▼ 2.1%
2024 · €416,512
Net result
€5,708
2024 · -€936
Working capital
€26,418▲ 67.9%
2024 · €15,734
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20212022202320242025
Operating result€1,845▼ 91.1%€42,481▲ 2,203%€29,200▼ 31.3%€22,148▼ 24.1%€30,677▲ 38.5%
Net result-€260within the sector's middle half€31,350above the sector's middle half€21,504within the sector's middle half▼ 31.4%-€936within the sector's middle half€5,708within the sector's middle half
Equity€20,117within the sector's middle half▼ 38.2%€33,921within the sector's middle half▲ 68.6%€32,546within the sector's middle half▼ 4.1%€31,610within the sector's middle half▼ 2.9%€37,318within the sector's middle half▲ 18.1%
Total assets€29,341below the sector's middle half▼ 39.4%€50,056within the sector's middle half▲ 70.6%€58,510within the sector's middle half▲ 16.9%€416,512above the sector's middle half▲ 612%€407,930above the sector's middle half▼ 2.1%
Debt€9,223▼ 42.0%€16,135▲ 74.9%€25,964▲ 60.9%€384,902▲ 1,382%€370,612▼ 3.7%
Working capital€20,117within the sector's middle half▼ 35.3%€31,218within the sector's middle half▲ 55.2%€28,183within the sector's middle half▼ 9.7%€15,734within the sector's middle half▼ 44.2%€26,418within the sector's middle half▲ 67.9%
Solvency68.6%above the sector's middle half▲ 1.4pp67.8%above the sector's middle half▼ 0.8pp55.6%within the sector's middle half▼ 12.1pp7.6%below the sector's middle half▼ 48.0pp9.1%below the sector's middle half▲ 1.6pp
Current ratio3.18above the sector's middle half▲ 0.232.93above the sector's middle half▼ 0.252.09within the sector's middle half▼ 0.851.64within the sector's middle half▼ 0.442.20within the sector's middle half▲ 0.56
Return on assets (ROA)-0.9%below the sector's middle half▼ 30.9pp62.6%above the sector's middle half▲ 63.5pp36.8%above the sector's middle half▼ 25.9pp-0.2%within the sector's middle half▼ 37.0pp1.4%within the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €407,930
Fixed assets
€359,538 ▼ 4.5%
Current assets
€48,391 ▲ 20.3%
Equity and liabilities €407,930
Equity
€37,318 ▲ 18.1%
Debt
€370,612 ▼ 3.7%
Debt's share of the balance-sheet total falls from 92.4% to 90.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47,436▲
2024 · €38,900
Cash flow
€22,467▲
2024 · €15,816
Debt to equity
9.93▼
2024 · 12.18
ROE
15.3%▲
2024 · -3.0%
Interest coverage
2.19▲
2024 · 1.87
Debt ≤ 1 year
€21,973▼
2024 · €24,481
Debt > 1 year
€346,315▼
2024 · €360,421
Income taxes
€3,571▲
2024 · €2,244
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,250 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,250 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,357 | - |
| Remuneration, social security and pensions62 | €613 | - | €45 | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €582 | €884 | €16,751 | €16,759 | = |
| Other operating charges640/8 | €27,123 | €388 | €474 | €964 | €655 | ▼ 32.1% |
| Gross operating margin9900 | €29,581 | €43,451 | €30,603 | €39,864 | €48,091 | ▲ 20.6% |
| Operating profit (loss)9901 | €1,845 | €42,481 | €29,200 | €22,148 | €30,677 | ▲ 38.5% |
| Financial income75/76B | - | - | - | €0 | €249 | ▲ 311,250% |
| Recurring financial income75 | - | - | - | €0 | €249 | ▲ 311,250% |
| Financial charges65/66B | €1,973 | €1,617 | €378 | €20,840 | €21,648 | ▲ 3.9% |
| Recurring financial charges65 | €1,973 | €1,617 | €378 | €20,840 | €21,648 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | -€128 | €40,864 | €28,822 | €1,308 | €9,278 | ▲ 609% |
| Income taxes67/77 | €132 | €9,514 | €7,318 | €2,244 | €3,571 | ▲ 59.1% |
| Profit (loss) for the period9904 | -€260 | €31,350 | €21,504 | -€936 | €5,708 | ▲ 710% |
| Profit (loss) for the period to be appropriated9905 | -€260 | €31,350 | €21,504 | -€936 | €5,708 | ▲ 710% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,341 | €50,056 | €58,510 | €416,512 | €407,930 | ▼ 2.1% |
| Fixed assets21/28 | - | €2,703 | €4,363 | €376,297 | €359,538 | ▼ 4.5% |
| Intangible fixed assets21 | - | €967 | €657 | €347 | €37 | ▼ 89.2% |
| Tangible fixed assets22/27 | - | €1,736 | €3,706 | €375,950 | €359,501 | ▼ 4.4% |
| Furniture and vehicles24 | - | €1,736 | €3,706 | €2,788 | €1,870 | ▼ 32.9% |
| Leasing and similar rights25 | - | - | - | €373,162 | €357,630 | ▼ 4.2% |
| Current assets29/58 | €29,341 | €47,353 | €54,147 | €40,215 | €48,391 | ▲ 20.3% |
| Amounts receivable within one year40/41 | €24,896 | €36,058 | €38,483 | €34,882 | €47,899 | ▲ 37.3% |
| Trade receivables40 | €22,150 | €36,058 | €36,651 | €29,110 | €42,992 | ▲ 47.7% |
| Other amounts receivable41 | €2,746 | - | €1,833 | €5,772 | €4,907 | ▼ 15.0% |
| Cash at bank and in hand54/58 | €4,445 | €6,295 | €15,663 | €5,332 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | €5,000 | - | - | €492 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,341 | €50,056 | €58,510 | €416,512 | €407,930 | ▼ 2.1% |
| Equity10/15 | €20,117 | €33,921 | €32,546 | €31,610 | €37,318 | ▲ 18.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €8,060 | ▲ 30.0% |
| Reserves13 | €26,346 | €26,346 | €26,346 | €26,346 | €29,258 | ▲ 11.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | €24,486 | €24,486 | €24,486 | €24,486 | €29,258 | ▲ 19.5% |
| Profit (loss) carried forward14 | -€12,429 | €1,375 | - | -€936 | €0 | ▲ 100% |
| Amounts payable17/49 | €9,223 | €16,135 | €25,964 | €384,902 | €370,612 | ▼ 3.7% |
| Amounts payable after more than one year17 | - | - | - | €360,421 | €346,315 | ▼ 3.9% |
| Financial debts170/4 | - | - | - | €360,421 | €346,315 | ▼ 3.9% |
| Amounts payable within one year42/48 | €9,223 | €16,135 | €25,964 | €24,481 | €21,973 | ▼ 10.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,568 | €14,106 | ▲ 4.0% |
| Financial debts43 | - | - | - | - | €24 | - |
| Credit institutions430/8 | - | - | - | - | €24 | - |
| Trade debts44 | €2,010 | €208 | €2,269 | €3,035 | €2,014 | ▼ 33.6% |
| Suppliers440/4 | €2,010 | €208 | €2,269 | €3,035 | €2,014 | ▼ 33.6% |
| Taxes, remuneration and social security45 | €7,213 | €15,928 | €23,695 | €7,878 | €5,829 | ▼ 26.0% |
| Taxes450/3 | €4,379 | €15,928 | €23,695 | €5,411 | €3,571 | ▼ 34.0% |
| Remuneration and social security454/9 | €2,834 | - | - | €2,467 | €2,258 | ▼ 8.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,323 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€260 | €31,350 | €21,504 | -€936 | €5,708 | ▲ 710% |
| + Depreciation and write-downs630 | - | €582 | €884 | €16,751 | €16,759 | = |
| Operating cash flow (approximation) | -€260 | €31,932 | €22,389 | €15,816 | €22,467 | ▲ 42.1% |
| Investment in fixed assets (approximation) | - | - | -€2,545 | -€388,685 | €0 | ▲ 100% |
| Change in cash | - | €1,850 | €9,368 | -€10,331 | -€5,332 | ▲ 48.4% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €5,708
Net result €5,708 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€936
Net result drops to -€936, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €31,350
Net result €31,350 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kortrijk · 1 establishment unit since 2018
Ground area
145 m²
Building footprint
63 m²
Volume, LiDAR
453 m³
Parcel 34354C0411/00T000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Morinnestraat(Kor) 52, 8500 Kortrijk
since 20182.281.529.179
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0411/00T000 | Flanders | 145 m² | 1 · 63 m² | 9.2 m · 2 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.
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,203. 5,749 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
Founded31-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
63920Other information service activities
64210Activities of holding companies
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712752436
Also
9925:BE0712752436
Registered
03-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.