Equity
RD Center has made a profit in every financial year since 2022.
RD Center has made a profit in every financial year since 2022.
The micro format states no turnover.
Of this, €177,005 falls due within a year.
Short-term debts rose from €76,747 to €177,005.
The 2022 accounts came latest: 65 days after the end of the period.
Larger balance sheet than 93% of companies in motor vehicles. Sector median €170,363 · 119 companies.
The dashed line is the sector median: 0.3% across 228 companies (NACE 29, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 29, micro). It does better than 29% of them on solvency, 55% on liquidity, 44% on profitability and 48% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 896 companies had the same profile as RD Center has now. Each dot stands for 3 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RD Center itself: 0.3% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 896 companies, not a prediction for RD Center. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.66 (2.41 in 2024), above the usual 1.5. Short-term debt is 17.1% and cash 6.3% of total assets. However, 79.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 32 days after the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| RD Center Balen | €1.0m | €101,042 | 20.5% | - |
| 2DOTECHNICS Evergem | €0.7m | €123,435 | 21.2% | - |
| GROUP JACQUES Bree | €1.2m | €218,533 | 68.2% | 2.5 |
| Stig Brecht | €0.5m | €176,260 | 0.7% | - |
| IMMO ZA52 Arlon | €1.4m | €36,866 | 62.7% | - |
| André Wagenbouw Balen Balen | €2.0m | €292,795 | 7.3% | 3.5 |
| RIBA TRAILERS Aartselaar | €0.3m | €140,404 | 41.3% | - |
These companies have the same main activity as RD Center: manufacture of trailers and semi-trailers (NACE 29202). They are comparable in size and age: total assets between €266,000 and €2m, founded between 2017 and 2023.
RD Center files the micro format. That format states no turnover. The gross margin rose from €59,620 in 2022 to €101,042 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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