Madalie
ActiveSummary
Madalie has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €423k and a net result of €71k. Equity is growing by ~32.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+2
Solvency76▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.75 in 2024; short-term debt: 49.1% and cash: 17.4% of total assets), and 49.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
50.9%
Return on assets
8.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
23 d late
2022
3 d early
2021
30 d late
2020
87 d late
2019
122 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, micro schema
Equity
€423k▲ 20.3%
2024 · €352k
2019: €55k
2020: €85k
2021: €128k
2022: €207k
2023: €283k
2024: €352k
2019 → 2025
Total assets
€831k▼ 22.4%
2024 · €1.07M
2019: €462k
2020: €497k
2021: €936k
2022: €1.00M
2023: €1.07M
2024: €1.07M
2019 → 2025
Net result
€71k▲ 4.7%
2024 · €68k
2019: €23k
2020: €30k
2021: €43k
2022: €79k
2023: €76k
2024: €68k
2019 → 2025
Working capital
€-264k▼ 123%
2024 · €-118k
2019: €-324k
2020: €-280k
2021: €-279k
2022: €-223k
2023: €-169k
2024: €-118k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€128k-€207k▲ 62.0%€283k▲ 36.5%€352k▲ 24.1%€423k▲ 20.3%
Operating result€70k-€129k▲ 83.8%€122k▼ 5.0%€108k▼ 11.8%€110k▲ 2.0%
Net result€43k-€79k▲ 85.7%€76k▼ 4.6%€68k▼ 10.0%€71k▲ 4.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €831k
Fixed assets
€687k ▼ 3.3%
Current assets
€144k ▼ 60.0%
Equity and liabilities €831k
Equity
€423k ▲ 20.3%
Debt
€408k ▼ 43.3%
Debt's share of the balance-sheet total falls from 67.2% to 49.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€133k▲
2024 · €131k
Cash flow
€95k▲
2024 · €92k
Current ratio
0.35▼
2024 · 0.75
Debt to equity
0.96▼
2024 · 2.04
ROE
16.9%▼
2024 · 19.4%
ROA
8.6%▲
2024 · 6.4%
Interest coverage
25.71▲
2024 · 17.07
Debt ≤ 1 year
€408k▼
2024 · €478k
Debt > 1 year
€0▼
2024 · €240k
Income taxes
€33k▲
2024 · €32k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€831k▼
Fixed assets21/28€710k€687k▼
Tangible fixed assets22/27€710k€687k▼
Land and buildings22€704k€683k▼
Plant, machinery and equipment23€6k€4k▼
Current assets29/58€360k€144k▼
Cash at bank and in hand54/58€360k€144k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.07M€831k▼
Equity10/15€352k€423k▲
Contributions10/11€19k€19k=
Reserves13€333k€404k▲
Distributable reserves133€333k€404k▲
Amounts payable17/49€719k€408k▼
Amounts payable after more than one year17€240k€0▼
Financial debts170/4€240k€0▼
Amounts payable within one year42/48€478k€408k▼
Financial debts43€41k€0▼
Other loans439€41k€0▼
Taxes, remuneration and social security45€40k€5k▼
Taxes450/3€40k€5k▼
Other amounts payable47/48€398k€403k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k=
Other operating charges640/8€12k€13k▲
Gross operating margin9900€143k€147k▲
Operating profit (loss)9901€108k€110k▲
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€100k€105k▲
Income taxes67/77€32k€33k▲
Profit (loss) for the period9904€68k€71k▲
Profit (loss) for the period to be appropriated9905€68k€71k▲
Appropriation of the result
Profit (loss) to be appropriated9906€68k€71k▲
Transfer to equity691/2€68k€71k▲
To other reserves6921€68k€71k▲
The notes to these accounts (5 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €79k ▲85.7%
Operating result €129k, net result €79k, both a record.
31-12
Financial
Equity above €200kEq €207k ▲62%
4 profitable years in a row build equity to €207k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €100kEq €128k ▲50.2%
3 profitable years in a row build equity to €128k.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Herent · 1 establishment unit since 2016
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.
Brusselsesteenweg 3793020 HerentGround area
5,661 m²
Building footprint
793 m²
Volume, LiDAR
2,197 m³
Parcel 24111B0282/00C000, Flanders · tallest building 3.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Madalie
since 20162.258.742.691
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24111B0282/00C000 | Flanders | 5,661 m² | 1 · 792 m² | 3.7 m · 1 fl. |
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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-08-2016
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.