Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 10.8 to 9.5.
Financials
Financial year 2025
AL. RADCO from Mouscron, company number BE0465609896, closed financial year 2025 with a result of € -301,957 after tax. For that financial year AL. RADCO recorded a gross margin of € 293,738 and equity of € 38,588. Compared with financial year 2024, the result moved from € 4,555 to € -301,957. The company made a loss. The buffer shrank hard: equity is 89 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ 38,588
▼ 89% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -301,957
▼ still € 4,555 profit in 2024
Profit after tax over the fiscal year.
€ 97,707
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 19,988.
People and assets in 2025
9.5
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 462,484
▲ 2% vs 2024
€ 48,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 70,000
Loans from banks and other lenders, long and short.
€ 873,789
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,084
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 660,692 | € 438,681 | € 550,209 | € 293,738 | ▼ 47% |
| Profit after taxes | € 72,897 | € 3,121 | € 4,555 | € -301,957 | ▼ € 306,512 |
| Equity | € 332,869 | € 335,990 | € 340,545 | € 38,588 | ▼ 89% |
| Total debts | € 3,024,111 | € 3,162,610 | € 3,503,210 | € 3,447,029 | ▼ 2% |
| Cash | € 418,425 | € 212,416 | € 205,243 | € 97,707 | ▼ 52% |
| Retained profit | € 314,269 | € 317,390 | € 321,945 | € 19,988 | ▼ 94% |
| Bank debt | € 70,000 | € 70,000 | € 70,000 | € 70,000 | |
| Balance sheet total | € 3,356,980 | € 3,498,601 | € 3,843,755 | € 3,485,617 | ▼ 9% |
| Employees (FTE) | 11.3 | 10.8 | 9.7 | 9.5 | ▼ 0.2 |
Key figures of AL. RADCO, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AL. RADCO?
What happened at AL. RADCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 301,957 (▼ € 306,512 vs 2024). filed late Source: NBB ↗
- New establishment in Mouscron. KBO
- Start of the company according to the CBE. KBO
In short
From € 72,897 profit in 2023 to € 301,957 loss in 2025.
Paid € 31,785 in corporate taxes since 2023.
Best year ever: 2023, with € 72,897 profit.
On average € 30,900 of value added per employee in 2025.
Management
The stake of NEANKAST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AL. RADCOBehind AL. RADCO are Stijn Steenhoudt, Karel Steenhoudt and Bart Steenhoudt. The shares are held by NEANKAST (75.7%).
Directors
According to the 2025 annual accounts
Bart Steenhoudt
Director
Shareholders
75.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Malgré-Toutstraat 50
7700 Mouscron
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.609.896
- VAT number
- BE 0465.609.896
- Registered office
- Malgré-Toutstraat 50, 7700 Mouscron
- Names & denominations
- AL. RADCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 1999
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
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