RDSoudage
ActiveSummary
RDSoudage has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118,302 and a net result of €29,202. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 1043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-19
Solvency53▲+9
Growth52▼-26
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 short (current ratio 0.24 against 0.17 in 2024; short-term debt: 26.1% of total assets), and 72.3% 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
27.7%
Return on assets
6.8%
Age of the figures
9 mo
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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
on the day
2023
34 d early
2022
32 d early
2021
31 d late
2020
54 d late
2019
62 d late
← 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 15 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 (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 31 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29,202▼ 70.8%
2024 · €100,029
Working capital
-€85,268▲ 33.1%
2024 · -€127,370
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€55,831▲ 9.9%-€55,819-€21,357▲ 61.7%€121,778€50,893▼ 58.2%
Net result€28,263within the sector's middle half▼ 5.6%-€74,941below the sector's middle half-€43,638below the sector's middle half▲ 41.8%€100,029within the sector's middle half€29,202within the sector's middle half▼ 70.8%
Equity€107,649within the sector's middle half▲ 35.6%€32,708within the sector's middle half▼ 69.6%-€10,930below the sector's middle half€89,100below the sector's middle half€118,302below the sector's middle half▲ 32.8%
Total assets€811,201above the sector's middle half▼ 1.1%€714,792above the sector's middle half▼ 11.9%€641,810above the sector's middle half▼ 10.2%€461,368below the sector's middle half▼ 28.1%€426,567below the sector's middle half▼ 7.5%
Debt€703,552▼ 5.1%€682,084▼ 3.1%€652,740▼ 4.3%€372,268▼ 43.0%€308,265▼ 17.2%
Working capital-€27,038below the sector's middle half▲ 24.4%-€117,289below the sector's middle half▼ 334%-€161,051below the sector's middle half▼ 37.3%-€127,370below the sector's middle half▲ 20.9%-€85,268below the sector's middle half▲ 33.1%
Solvency13.3%below the sector's middle half▲ 3.6pp4.6%below the sector's middle half▼ 8.7pp-1.7%below the sector's middle half▼ 6.3pp19.3%below the sector's middle half▲ 21.0pp27.7%within the sector's middle half▲ 8.4pp
Current ratio0.80below the sector's middle half▲ 0.100.32below the sector's middle half▼ 0.480.16below the sector's middle half▼ 0.160.17below the sector's middle half▲ 0.010.24below the sector's middle half▲ 0.06
Return on assets (ROA)3.5%within the sector's middle half▼ 0.2pp-10.5%below the sector's middle half▼ 14.0pp-6.8%below the sector's middle half▲ 3.7pp21.7%above the sector's middle half▲ 28.5pp6.8%within the sector's middle half▼ 14.8pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €426,567
Fixed assets
€400,308 ▼ 8.0%
Current assets
€26,259 ▲ 0.1%
Equity and liabilities €426,567
Equity
€118,302 ▲ 32.8%
Debt
€308,265 ▼ 17.2%
Debt's share of the balance-sheet total falls from 80.7% to 72.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,100▼
2024 · €160,820
Cash flow
€67,409▼
2024 · €139,071
Debt to equity
2.61▼
2024 · 4.18
ROE
24.7%▼
2024 · 112.3%
Interest coverage
5.90▼
2024 · 7.52
Debt ≤ 1 year
€111,527▼
2024 · €153,613
Debt > 1 year
€196,738▼
2024 · €218,655
Income taxes
€6,604▲
2024 · €373
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 5,053 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,243 | €51,958 | €47,754 | €39,042 | €38,206 | ▼ 2.1% |
| Other operating charges640/8 | €5,181 | €5,965 | €7,351 | €7,617 | €3,526 | ▼ 53.7% |
| Gross operating margin9900 | €111,255 | €2,105 | €33,748 | €168,437 | €92,626 | ▼ 45.0% |
| Operating profit (loss)9901 | €55,831 | -€55,819 | -€21,357 | €121,778 | €50,893 | ▼ 58.2% |
| Financial income75/76B | - | - | - | - | €2 | - |
| Recurring financial income75 | - | - | - | - | €2 | - |
| Financial charges65/66B | €16,332 | €18,780 | €21,921 | €21,376 | €15,090 | ▼ 29.4% |
| Recurring financial charges65 | €16,332 | €18,780 | €21,921 | €21,376 | €15,090 | ▼ 29.4% |
| Profit (loss) for the period before taxes9903 | €39,499 | -€74,599 | -€43,277 | €100,403 | €35,806 | ▼ 64.3% |
| Income taxes67/77 | €11,236 | €342 | €361 | €373 | €6,604 | ▲ 1,670% |
| Profit (loss) for the period9904 | €28,263 | -€74,941 | -€43,638 | €100,029 | €29,202 | ▼ 70.8% |
| Profit (loss) for the period to be appropriated9905 | €28,263 | -€74,941 | -€43,638 | €100,029 | €29,202 | ▼ 70.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €811,201 | €714,792 | €641,810 | €461,368 | €426,567 | ▼ 7.5% |
| Fixed assets21/28 | €700,844 | €659,521 | €611,767 | €435,125 | €400,308 | ▼ 8.0% |
| Intangible fixed assets21 | €3,800 | - | - | - | - | - |
| Tangible fixed assets22/27 | €697,044 | €659,521 | €611,767 | €435,125 | €400,308 | ▼ 8.0% |
| Land and buildings22 | €645,733 | €622,838 | €588,849 | €424,140 | €400,308 | ▼ 5.6% |
| Furniture and vehicles24 | €51,311 | €36,683 | €22,918 | €10,985 | - | - |
| Current assets29/58 | €110,356 | €55,271 | €30,043 | €26,243 | €26,259 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €101,528 | €53,878 | €28,348 | €24,498 | €25,175 | ▲ 2.8% |
| Trade receivables40 | €90,084 | €43,161 | €28,328 | €24,478 | €20,995 | ▼ 14.2% |
| Other amounts receivable41 | €11,444 | €10,717 | €20 | €20 | €4,180 | ▲ 20,802% |
| Cash at bank and in hand54/58 | €8,171 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | €658 | €1,393 | €1,695 | €1,745 | €1,084 | ▼ 37.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €811,201 | €714,792 | €641,810 | €461,368 | €426,567 | ▼ 7.5% |
| Equity10/15 | €107,649 | €32,708 | -€10,930 | €89,100 | €118,302 | ▲ 32.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €30,123 | €30,123 | €30,123 | €30,123 | €59,325 | ▲ 96.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €28,263 | €28,263 | €28,263 | €28,263 | €57,465 | ▲ 103% |
| Profit (loss) carried forward14 | €65,126 | -€9,815 | -€53,453 | €46,577 | €46,577 | = |
| Amounts payable17/49 | €703,552 | €682,084 | €652,740 | €372,268 | €308,265 | ▼ 17.2% |
| Amounts payable after more than one year17 | €566,157 | €509,523 | €460,763 | €218,655 | €196,738 | ▼ 10.0% |
| Financial debts170/4 | €566,157 | €509,523 | €460,763 | €218,655 | €196,738 | ▼ 10.0% |
| Amounts payable within one year42/48 | €137,395 | €172,560 | €191,094 | €153,613 | €111,527 | ▼ 27.4% |
| Current portion of amounts payable after more than one year42 | €53,574 | €55,642 | €52,526 | €23,661 | €21,917 | ▼ 7.4% |
| Financial debts43 | €38,077 | €73,949 | €75,324 | €75,482 | €61,834 | ▼ 18.1% |
| Credit institutions430/8 | €38,077 | €73,949 | €75,324 | €75,482 | €61,834 | ▼ 18.1% |
| Trade debts44 | €33,874 | €31,391 | €46,102 | €44,252 | €20,371 | ▼ 54.0% |
| Suppliers440/4 | €33,874 | €31,391 | €46,102 | €44,252 | €20,371 | ▼ 54.0% |
| Taxes, remuneration and social security45 | €11,869 | €11,578 | €6,222 | €4,620 | €7,404 | ▲ 60.3% |
| Taxes450/3 | €11,869 | €11,578 | €6,222 | €4,620 | €7,404 | ▲ 60.3% |
| Other amounts payable47/48 | - | - | €10,921 | €5,599 | - | - |
| Accrued charges and deferred income492/3 | - | - | €883 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,263 | -€74,941 | -€43,638 | €100,029 | €29,202 | ▼ 70.8% |
| + Depreciation and write-downs630 | €50,243 | €51,958 | €47,754 | €39,042 | €38,206 | ▼ 2.1% |
| Operating cash flow (approximation) | €78,505 | -€22,983 | €4,116 | €139,071 | €67,409 | ▼ 51.5% |
| Investment in fixed assets (approximation) | - | -€10,635 | €0 | €137,600 | -€3,389 | ▼ 102% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Equity above €100,000Eq €118,302 ▲32.8%
2 profitable years in a row build equity to €118,302.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €100,029
Net result €100,029 after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€74,941
Net result drops to -€74,941, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100,000Eq €107,649 ▲35.6%
4 profitable years in a row build equity to €107,649.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Hannut · 1 establishment unit since 2013
Ground area
1,480 m²
Building footprint
104 m²
Parcel 64042B0117/00N003, Wallonia. Linked by address, not a title deed.
1 establishment unit
RDSoudage
since 20132.215.730.319
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64042B0117/00N003 | Wallonia | 1,480 m² | 1 · 104 m² | - |
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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RNTH.
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Of 3,982 companies in sector 25110 we hold annual accounts for 2,144. 1,644 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
Founded17-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25210Manufacture of fabricated metal products, except machinery and equipment
25530Machining of metals
Contact
E-mail
info@rdsoudage.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502544132
Registered
30-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.