KORAD Radiators
Manufacturer of steel panel radiators for heating systems, selling in Slovakia and to customers in about 15 countries
Highlights
- ProfitableFY2025 net profit €1.9M · RÚZ
- GrowingRevenue +65% YoY (FY2025) · RÚZ
Recent signals
What changed at KORAD Radiators in the last 6 months, newest first. Each line links to its public source.
- 21 Oct 2026 Revenue jump · Revenue €9.9M → €16.2M (+65%) in FY2025 registeruz.sk
About KORAD Radiators
KORAD Radiators s.r.o. manufactures steel panel radiators for water-based heating systems at its plant in Košice, Slovakia. The range covers standard, flat-front (Plan), hygienic, galvanized (for higher humidity) and colour radiators, with 10-year warranty and EN 442-1 certified parameters.
The company sells its radiators in Slovakia and, according to its website, to 15 countries worldwide. Its customers are heating system installers and buyers; the website lists four sales contacts for radiator sales and states that sales and production are the company's priority.
The company is based in the U. S. Steel Košice industrial site (Šaca district, Košice). The website traces radiator production in Košice to 1968 and the KORAD brand to 1990; KORAD Radiators s.r.o. became the owner of the plant in 2019. The company was registered in 2025.
Product: Steel panel radiators for central or individual heating systems, in multiple sizes, models and colours.
Financials
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | €16.2M | €9.9M | €8.3M | €6.5M | €7.4M |
| Growth | +65% | +19% | +28% | −12% | — |
| EBITDA | €1.1M | €828k | €891k | €184k | €727k |
| Operating profit | €2.6M | €729k | €804k | €101k | €645k |
| Net profit | €1.9M | €435k | €585k | €59k | €443k |
| Net margin | 11.5% | 4.4% | 7% | 0.9% | 6% |
| Personnel costs | €3.1M | €1.8M | €2.0M | €2.3M | €2.7M |
| Total assets | €10.1M | €5.3M | €4.8M | €3.3M | €4.3M |
| Cash | €993k | €11k | €5k | €174k | €29k |
| Liabilities | €5.5M | €2.8M | €2.7M | €1.8M | €2.7M |
| Equity | €4.4M | €2.5M | €2.1M | €1.5M | €1.6M |
As filed with RÚZ (Slovak register of financial statements). Each year links to its statement.
Public contracts
Contracts KORAD Radiators signed since 1 Nov 2024, from the Slovak and Czech public contract registers. Values as published; amendments are not counted.
Customers
6 contracts with 2 buyers · €30k
| Contracts | Value | |
|---|---|---|
| Úrad práce, sociálnych vecí a rodiny Košice | 5 | €30k |
| Slovenská agentúra pre rozvoj investícií a obchodu (SARIO) | 1 | — |
Open public tenders for KORAD Radiators →
Latest contracts
- 21 Sep 2026 for Slovenská agentúra pre rozvoj investícií a obchodu (SARIO) · Zmluva o spolupráci a poskytnutí pomoci register
- 10 Mar 2026 for Úrad práce, sociálnych vecí a rodiny Košice · Dohoda, §60, príspevok pre zamestnávateľa, ŠR - v zmysle schémy DM a mimo schémy · €5k register
- 24 Nov 2025 for Úrad práce, sociálnych vecí a rodiny Košice · Dohoda – NP Finančné stimuly - Mentorované zapracovanie – v zmysle schémy DM a mimo schémy · €10k register
- 25 Aug 2025 for Úrad práce, sociálnych vecí a rodiny Košice · Dohoda – NP Finančné stimuly - Mentorované zapracovanie – v zmysle schémy DM a mimo schémy · €7k register
- 12 Mar 2025 for Úrad práce, sociálnych vecí a rodiny Košice · §60 Dohoda - príspevok pre zamestnávateľa - ŠR · €5k register
- 28 Nov 2024 for Úrad práce, sociálnych vecí a rodiny Košice · Dohoda – NP Finančné stimuly - Mentorované zapracovanie – v zmysle schémy DM a mimo schémy · €3k register
Jobs at KORAD Radiators
Leadership
- Peter Drotár · Konateľ (Managing director)Source: business register
- Vladimír Kováč · Konateľ (Managing director)Source: business register
- Dušan Fedák · Obchodný riaditeľ pre predaj radiátorovSource: company website
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Frontend frameworks
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