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Madam

Active
Limited partnershipfounded 2013active for 13 yearsChemin de la Bruyère 12, 1473 Genappe, BelgiumKBO/BCE: BE 0537.391.480

From the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette

Summary

Madam has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135,289 and a net result of €4,585. Its solvency ranks better than 60% of 193 sector peers (NACE 60, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

KBO
Status
Active since 24-06-2013 Normal situation
Legal form
Limited partnership
Registered office
Chemin de la Bruyère 12, 1473 Genappe
Activity
News agency activities NACE 60310
Establishment unit
2.221.511.519 1473 Genappe, since 24-06-2013
Financial year end
31 December
Peppol
Reachable since 13-09-2025

Board and ownership

Board

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€26,765
Turnover
≈ €110,000
estimated
Profit
€4,585
Equity
€135,289
Total assets
€192,281
Staff
≈ 0.6 FTE
estimated
2025 accounts filed 31 days after the deadline
Filed on 31-08-2026at the National Bank
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 3.29, cash €83,323Sector: Programming, broadcasting, news agency and other content distribution activities (NACE 60)Size: total assets €192,281Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 65% of micro companies in programming and broadcasting (NACE 60)
Financial strength
Strong
Solvency 95
equity 70.4% of total assets
Liquidity 88
short-term debt 29.6% · cash 43.3%
Profitability 72
return on assets 2.4%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (262 companies, NACE 60, micro)
Last 24 months 11-2024: 0.1%highest value 12-2024: 0.1%● unchanged vs 11-2024highest value 01-2025: 0.1%● unchanged vs 12-2024highest value 02-2025: 0.1%● unchanged vs 01-2025highest value 03-2025: 0.1%● unchanged vs 02-2025highest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.29, above the usual 1.5. Short-term debt is 29.6% and cash 43.3% of total assets. 29.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 60, micro). It does better than 64% of them on solvency, 78% on liquidity and 54% on profitability.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 3.29, cash €83,323
NBB · annual accounts
lowers risk · Sector: Programming, broadcasting, news agency and other content distribution activities (NACE 60)
KBO
lowers risk · Size: total assets €192,281
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
31 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Documents

Annual accounts at the NBB

Articles and registers

Key facts about Madam

What is the company number of Madam?
The company number of Madam is 0537.391.480. The VAT number is the same number with BE in front: BE 0537.391.480.
Where is Madam based?
The registered office is at Chemin de la Bruyère 12, 1473 Genappe.Company details
What does Madam do?
According to the KBO register, the main activity is news agency activities (NACE 60310).
What is the legal form of Madam?
The legal form of Madam is Limited partnership (CommV).
When was Madam founded?
Madam was founded on 24-06-2013.
Is Madam still active?
Yes, Madam is an active enterprise in the KBO register.
What is the turnover of Madam?
The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €26,765 and 2,949 comparable companies of the same size. It probably lies between €65,000 and €190,000. It is a rough estimate.Financials
Is Madam profitable?
In financial year 2025, Madam made a profit of €4,585.
Where can I find the annual accounts of Madam?
Madam filed 1 annual account with the National Bank of Belgium, for financial year 2025.Annual accounts at the National Bank

Comparable companies

These companies have the same main activity as Madam: news agency activities (NACE 60310). They are comparable in size and age: total assets between €114,000 and €404,000, founded between 2010 and 2016.

CompanyTotal assetsGross margin
Madam Genappe€192,281€26,765
BRAIDBURN COMMUNICATION Waterloo€121,182€21,875
NO WHERE ELSE NEWS PRODUCTION Elsene€148,662€22,831
BENJAMIN ROELANTS Puurs-Sint-Amands€168,510€39,129
TRADUCTIONS GENERALES & COMMUNICATION Drogenbos€113,813€13,193
NNSTUDIO Liège€119,127€75,325
This Ain't Kansas Anymore Deinze€404,070€57,303
Full comparison

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