RD DESIGN
ActiveSummary
RD DESIGN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €97,957 and a net result of €30,343. Equity is growing by ~48.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+13
Solvency90▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.41 against 2.41 in 2023; short-term debt: 19.6% and cash: 32% of total assets), and 35.2% of the assets are financed with debt.
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Signals
Three 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
36 d early
2022
34 d early
2021
34 d early
2020
39 d early
2019
38 d early
← 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 36 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€97,957▲ 44.9%
2023 · €67,614
Total assets
€151,232▲ 0.1%
2023 · €151,129
Net result
€30,343▲ 39.6%
2023 · €21,741
Working capital
€100,912▲ 42.5%
2023 · €70,794
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€63,925▲ 150%€70,550▲ 10.4%€10,115▼ 85.7%€27,953▲ 176%€43,477▲ 55.5%
Net result€58,334within the sector's middle half▲ 250%€60,818within the sector's middle half▲ 4.3%€7,652within the sector's middle half▼ 87.4%€21,741within the sector's middle half▲ 184%€30,343above the sector's middle half▲ 39.6%
Equity-€22,597below the sector's middle half▲ 72.1%€38,221below the sector's middle half€45,873below the sector's middle half▲ 20.0%€67,614within the sector's middle half▲ 47.4%€97,957within the sector's middle half▲ 44.9%
Total assets€106,002below the sector's middle half▼ 8.7%€123,746below the sector's middle half▲ 16.7%€115,666below the sector's middle half▼ 6.5%€151,129within the sector's middle half▲ 30.7%€151,232within the sector's middle half▲ 0.1%
Debt€128,599▼ 34.7%€85,524▼ 33.5%€69,793▼ 18.4%€83,514▲ 19.7%€53,275▼ 36.2%
Working capital€19,381-€1,954€8,537€70,794▲ 729%€100,912▲ 42.5%
Solvency-21.3%below the sector's middle half▲ 48.4pp30.9%within the sector's middle half▲ 52.2pp39.7%within the sector's middle half▲ 8.8pp44.7%within the sector's middle half▲ 5.1pp64.8%within the sector's middle half▲ 20.0pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 56% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €151,232
Fixed assets
€20,729 ▼ 31.3%
Current assets
€130,503 ▲ 7.9%
Equity and liabilities €151,232
Equity
€97,957 ▲ 44.9%
Debt
€53,275 ▼ 36.2%
Debt's share of the balance-sheet total falls from 55.3% to 35.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,328▲
2023 · €46,231
Cash flow
€41,194▲
2023 · €40,019
Current ratio
4.41▲
2023 · 2.41
Quick ratio
4.28▲
2023 · 2.11
Debt to equity
0.54▼
2023 · 1.24
ROE
31.0%▼
2023 · 32.2%
ROA
20.1%▲
2023 · 14.4%
Interest coverage
7.19▲
2023 · 5.37
Debt ≤ 1 year
€29,592▼
2023 · €50,173
Debt > 1 year
€23,473▼
2023 · €33,342
Income taxes
€17,047▲
2023 · €10,391
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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% | 1.6% |
| 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 74% 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,877 | €10,590 | €17,934 | €18,278 | €10,851 | ▼ 40.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,936 | - | - | - | - |
| Other operating charges640/8 | - | €3,151 | €2,378 | €2,513 | €2,612 | ▲ 3.9% |
| Gross operating margin9900 | €71,585 | €86,227 | €30,427 | €48,744 | €56,939 | ▲ 16.8% |
| Operating profit (loss)9901 | €63,925 | €70,550 | €10,115 | €27,953 | €43,477 | ▲ 55.5% |
| Financial income75/76B | - | €4,302 | €9,606 | €12,793 | €11,471 | ▼ 10.3% |
| Recurring financial income75 | €2,208 | €4,302 | €9,606 | €12,793 | €11,471 | ▼ 10.3% |
| Financial charges65/66B | - | €7,913 | €7,573 | €8,615 | €7,558 | ▼ 12.3% |
| Recurring financial charges65 | €7,800 | €7,913 | €7,573 | €8,615 | €7,558 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €58,334 | €66,938 | €12,148 | €32,132 | €47,389 | ▲ 47.5% |
| Income taxes67/77 | - | €6,120 | €4,496 | €10,391 | €17,047 | ▲ 64.1% |
| Profit (loss) for the period9904 | €58,334 | €60,818 | €7,652 | €21,741 | €30,343 | ▲ 39.6% |
| Profit (loss) for the period to be appropriated9905 | €58,334 | €60,818 | €7,652 | €21,741 | €30,343 | ▲ 39.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,002 | €123,746 | €115,666 | €151,129 | €151,232 | ▲ 0.1% |
| Fixed assets21/28 | €25,361 | €62,272 | €46,953 | €30,161 | €20,729 | ▼ 31.3% |
| Tangible fixed assets22/27 | €25,088 | €61,999 | €46,680 | €29,888 | €20,455 | ▼ 31.6% |
| Plant, machinery and equipment23 | - | €3,076 | €3,603 | €3,705 | €2,337 | ▼ 36.9% |
| Furniture and vehicles24 | - | €15,086 | €8,421 | €709 | €1,825 | ▲ 157% |
| Leasing and similar rights25 | - | €36,355 | €28,917 | €21,479 | €14,041 | ▼ 34.6% |
| Other tangible fixed assets26 | - | €7,482 | €5,739 | €3,996 | €2,253 | ▼ 43.6% |
| Financial fixed assets28 | €273 | €273 | €273 | €273 | €273 | = |
| Current assets29/58 | €80,641 | €61,473 | €68,713 | €120,967 | €130,503 | ▲ 7.9% |
| Stocks and contracts in progress3 | €14,312 | €10,080 | €9,878 | €15,077 | €3,794 | ▼ 74.8% |
| Stocks30/36 | - | €10,080 | €9,878 | €15,077 | €3,794 | ▼ 74.8% |
| Amounts receivable within one year40/41 | €62,974 | €43,923 | €54,784 | €76,646 | €76,945 | ▲ 0.4% |
| Trade receivables40 | - | €42,644 | €30,619 | €48,147 | €45,430 | ▼ 5.6% |
| Other amounts receivable41 | - | €1,279 | €24,165 | €28,499 | €31,515 | ▲ 10.6% |
| Cash at bank and in hand54/58 | - | €3,078 | - | €27,855 | €48,390 | ▲ 73.7% |
| Deferred charges and accrued income490/1 | - | €4,393 | €4,051 | €1,389 | €1,375 | ▼ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,002 | €123,746 | €115,666 | €151,129 | €151,232 | ▲ 0.1% |
| Equity10/15 | -€22,597 | €38,221 | €45,873 | €67,614 | €97,957 | ▲ 44.9% |
| Contributions10/11 | - | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Reserves13 | - | €21,200 | €28,850 | €50,550 | €80,850 | ▲ 59.9% |
| Distributable reserves133 | - | €21,200 | €28,850 | €50,550 | €80,850 | ▲ 59.9% |
| Profit (loss) carried forward14 | -€39,597 | €21 | €23 | €64 | €107 | ▲ 66.8% |
| Amounts payable17/49 | €128,599 | €85,524 | €69,793 | €83,514 | €53,275 | ▼ 36.2% |
| Amounts payable after more than one year17 | €66,327 | €22,097 | €9,616 | €33,342 | €23,473 | ▼ 29.6% |
| Financial debts170/4 | - | €22,097 | €9,616 | €33,342 | €23,473 | ▼ 29.6% |
| Amounts payable within one year42/48 | €61,260 | €63,427 | €60,176 | €50,173 | €29,592 | ▼ 41.0% |
| Current portion of amounts payable after more than one year42 | - | €20,569 | €12,481 | €18,924 | €9,869 | ▼ 47.8% |
| Financial debts43 | - | - | €11,465 | - | - | - |
| Credit institutions430/8 | - | - | €11,465 | - | - | - |
| Trade debts44 | €40,464 | €28,911 | €27,585 | €15,534 | €10,018 | ▼ 35.5% |
| Suppliers440/4 | - | €28,911 | €27,585 | €15,534 | €10,018 | ▼ 35.5% |
| Taxes, remuneration and social security45 | - | €4,412 | €8,645 | €15,715 | €9,704 | ▼ 38.2% |
| Taxes450/3 | - | €300 | €4,493 | €12,779 | €8,016 | ▼ 37.3% |
| Remuneration and social security454/9 | - | €4,112 | €4,151 | €2,935 | €1,688 | ▼ 42.5% |
| Other amounts payable47/48 | - | €9,535 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €211 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,334 | €60,818 | €7,652 | €21,741 | €30,343 | ▲ 39.6% |
| + Depreciation and write-downs630 | €6,877 | €10,590 | €17,934 | €18,278 | €10,851 | ▼ 40.6% |
| Operating cash flow (approximation) | €65,211 | €71,408 | €25,586 | €40,019 | €41,194 | ▲ 2.9% |
| Investment in fixed assets (approximation) | - | -€47,501 | -€2,615 | -€1,487 | -€1,418 | ▲ 4.6% |
| Change in cash | - | - | - | - | €20,535 | - |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.41
Current ratio from 1.14 to 2.41; short-term debt falls from €60,176 to €50,173.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €60,818 ▲4.3%
Operating result €70,550, net result €60,818, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €16,658
Net result €16,658 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
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, Pelt · 1 establishment unit since 2014
Ground area
1,525 m²
Building footprint
208 m²
Volume, LiDAR
940 m³
Parcel 72362D0473/00Z000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RD DESIGN
since 20142.226.551.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72362D0473/00Z000 | Flanders | 1,525 m² | 1 · 208 m² | 10.1 m · 1 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 855 companies in sector 46832 we hold annual accounts for 590. 329 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
Founded19-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543463284
Also
9925:BE0543463284
Registered
02-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.