RADSYS
ActiveSummary
RADSYS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €492k and a net result of €57k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+35
Solvency100▲+17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 4.96 against 1.96 in 2024; short-term debt: 15.1% and cash: 48.5% of total assets), and 15.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
84.9%
Return on assets
9.8%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
100 d early
2023
37 d early
2022
on the day
2021
86 d late
2020
152 d late
2019
133 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€57k▲ 127%
2024 · €25k
2018: €58k
2019: €16k
2020: €38k
2021: €64k
2022: €55k
2023: €123k
2024: €25k
2018 → 2025
Working capital
€347k▲ 16.9%
2024 · €297k
2018: €162k
2019: €160k
2020: €194k
2021: €185k
2022: €198k
2023: €268k
2024: €297k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€252k-€306k▲ 21.7%€419k▲ 37.0%€445k▲ 6.0%€492k▲ 10.6%
Operating result€88k-€66k▼ 24.4%€175k▲ 164%€8k▼ 95.7%€65k▲ 772%
Net result€64k-€55k▼ 14.3%€123k▲ 126%€25k▼ 79.6%€57k▲ 127%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 772% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €579k
Fixed assets
€145k ▼ 11.1%
Current assets
€435k ▼ 28.3%
Equity and liabilities €579k
Equity
€492k ▲ 10.6%
Debt
€88k ▼ 72.9%
Debt's share of the balance-sheet total falls from 42.2% to 15.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€85k▲
2024 · €26k
Cash flow
€76k▲
2024 · €44k
Current ratio
4.96▲
2024 · 1.96
Debt to equity
0.18▼
2024 · 0.73
ROE
11.6%▲
2024 · 5.7%
ROA
9.8%▲
2024 · 3.3%
Interest coverage
12.45▲
2024 · 2.82
Debt ≤ 1 year
€88k▼
2024 · €309k
Income taxes
€14k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€769k€579k▼
Fixed assets21/28€163k€145k▼
Tangible fixed assets22/27€161k€142k▼
Land and buildings22€98k€89k▼
Plant, machinery and equipment23€61k€51k▼
Furniture and vehicles24€1k€2k▲
Financial fixed assets28€2k€2k=
Current assets29/58€606k€435k▼
Amounts receivable within one year40/41€72k€24k▼
Trade receivables40€35k€13k▼
Other amounts receivable41€37k€10k▼
Current investments50/53€111k€125k▲
Cash at bank and in hand54/58€419k€281k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€769k€579k▼
Equity10/15€445k€492k▲
Contributions10/11€58k€58k=
Reserves13€186k€186k=
Distributable reserves133€186k€186k=
Profit (loss) carried forward14€201k€248k▲
Amounts payable17/49€324k€88k▼
Amounts payable after more than one year17€15k-
Financial debts170/4€15k-
Amounts payable within one year42/48€309k€88k▼
Current portion of amounts payable after more than one year42€15k€15k=
Financial debts43€7€11▲
Credit institutions430/8€7€11▲
Trade debts44€293k€62k▼
Suppliers440/4€293k€62k▼
Taxes, remuneration and social security45€788€804▲
Taxes450/3€788€804▲
Other amounts payable47/48€168€10k▲
Accrued charges and deferred income492/3€32-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Other operating charges640/8€853€880▲
Gross operating margin9900€27k€85k▲
Operating profit (loss)9901€8k€65k▲
Financial income75/76B€28k€12k▼
Recurring financial income75€28k€12k▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€26k€71k▲
Income taxes67/77€1k€14k▲
Profit (loss) for the period9904€25k€57k▲
Profit (loss) for the period to be appropriated9905€25k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€201k€258k▲
Profit (loss) brought forward from the previous period14P€176k€201k▲
Profit to be distributed694/7-€10k
Directors or managers695-€10k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity triplescurrent ratio 4.96
Current ratio from 1.96 to 4.96; short-term debt falls from €309k to €88k.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €123k ▲126%
Operating result €175k, net result €123k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.94
Current ratio from 1.88 to 3.94; short-term debt falls from €224k to €91k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 86 days late
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 152 days late
2020
31-12
Financial
Equity above €200kEq €209k ▲21.9%
3 profitable years in a row build equity to €209k.
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 133 days late
2019
31-12
Financial
Weakest financial yearnet €16k ▼73%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
Show earlier events
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 141 days late
2018
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Jurbise · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin du Prince(J) 1647050 JurbiseGround area
1,407 m²
Building footprint
149 m²
Parcel 53023B0143/00E004, Wallonia. Linked by address, not a title deed.
1 establishment unit
RADSYS SPRL
since 20082.172.985.684
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53023B0143/00E004 | Wallonia | 1,407 m² | 1 · 149 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500S3A7NP1DA7HV39
Similar companies · same sector, comparable size
CEDIVA
BE 0862.843.902
Knokke-Heist · Eq €491,633
TAMACE CONSULT & INVEST
BE 0462.046.632
Nieuwpoort · Eq €491,640
JBMa
BE 0822.386.487
Brussel · Eq €491,644
SARCUS
BE 0880.611.629
Silly · Eq €491,524
ELETEC
BE 0783.939.746
Anderlecht · Eq €491,672
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 34,773 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:marc.minon@radsys.eu
Phone:065691099
Fax:065642751