MADATO
ActiveMADATO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €17k. Equity is growing by ~44.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-2
Solvency68▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 2.22 in 2024; short-term debt: 18.4% and cash: 3.4% of total assets), but 56.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
43.4%
Return on assets
3.4%
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 · 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
28 d late
2022
24 d late
2021
25 d late
2020
11 d late
2019
49 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€210k▲ 8.6%
2024 · €194k
2018: €21k
2019: €23k
2020: €38k
2021: €68k
2022: €71k
2023: €169k
2024: €194k
2018 → 2025
Total assets
€484k▼ 5.7%
2024 · €513k
2018: €857k
2019: €738k
2020: €543k
2021: €580k
2022: €627k
2023: €702k
2024: €513k
2018 → 2025
Net result
€17k▼ 31.7%
2024 · €24k
2018: €2k
2019: €2k
2020: €15k
2021: €30k
2022: €3k
2023: €98k
2024: €24k
2018 → 2025
Working capital
€132k▼ 5.9%
2024 · €140k
2018: €-462k
2019: €124k
2020: €147k
2021: €-20k
2022: €-13k
2023: €329k
2024: €140k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€71k▲ 4.6%€169k▲ 137%€194k▲ 14.4%€210k▲ 8.6%
Operating result€50k-€14k▼ 73.1%€118k▲ 771%€54k▼ 54.0%€27k▼ 49.6%
Net result€30k-€3k▼ 89.5%€98k▲ 2,987%€24k▼ 75.1%€17k▼ 31.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €484k
Fixed assets
€262k▲ 1.9%
Current assets
€221k▼ 13.4%
Equity and liabilities €484k
Equity
€210k▲ 8.6%
Debt
€274k▼ 14.4%
The debt ratio falls from 62.3% to 56.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▼
2024 · €66k
Cash flow
€29k▼
2024 · €36k
Solvency
43.4%▲
2024 · 37.7%
Current ratio
2.48▲
2024 · 2.22
Quick ratio
2.48▲
2024 · 2.16
Debt / equity
1.30▼
2024 · 1.65
ROE
7.9%▼
2024 · 12.6%
ROA
3.4%▼
2024 · 4.8%
Interest coverage
25.08▲
2024 · 15.51
Debt
€274k▼
2024 · €320k
Debt ≤ 1 year
€89k▼
2024 · €115k
Debt > 1 year
€184k▼
2024 · €204k
Income taxes
€9k▼
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€513k€484k▼
Fixed assets21/28€257k€262k▲
Tangible fixed assets22/27€257k€262k▲
Land and buildings22€241k€232k▼
Furniture and vehicles24€16k€30k▲
Current assets29/58€256k€221k▼
Stocks and contracts in progress3€7k-
Stocks30/36€7k-
Amounts receivable within one year40/41€230k€205k▼
Trade receivables40€54k€30k▼
Other amounts receivable41€176k€176k=
Cash at bank and in hand54/58€19k€16k▼
Equity and liabilities
Total equity and liabilities10/49€513k€484k▼
Equity10/15€194k€210k▲
Contributions10/11€19k€19k=
Reserves13€26k€43k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€24k€41k▲
Profit (loss) carried forward14€149k€149k▲
Amounts payable17/49€320k€274k▼
Amounts payable after more than one year17€204k€184k▼
Financial debts170/4€204k€184k▼
Amounts payable within one year42/48€115k€89k▼
Current portion of amounts payable after more than one year42€23k€19k▼
Trade debts44€19k€2k▼
Suppliers440/4€19k€2k▼
Taxes, remuneration and social security45€26k€32k▲
Taxes450/3€23k€29k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€47k€36k▼
Accrued charges and deferred income492/3€800€320▼
Income statement
Code20242025
Remuneration, social security and pensions62€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€927€298▼
Gross operating margin9900€68k€40k▼
Operating profit (loss)9901€54k€27k▼
Financial income75/76B€13€0▼
Recurring financial income75€13€0▼
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€50k€26k▼
Income taxes67/77€25k€9k▼
Profit (loss) for the period9904€24k€17k▼
Profit (loss) for the period to be appropriated9905€24k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€173k€165k▼
Profit (loss) brought forward from the previous period14P€149k€149k▲
Transfer to equity691/2€24k€17k▼
To other reserves6921€24k€17k▼
The notes to these accounts (7 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
31-12
Financial
Equity above €200kEq €210k ▲8.6%
8 profitable years in a row build equity to €210k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €98k ▲2987%
Operating result €118k, net result €98k, both a record.
31-12
Financial
Liquidity times 5current ratio 4.09
Current ratio from 0.84 to 4.09.
31-12
Financial
Equity above €150kEq €169k ▲137%
6 profitable years in a row build equity to €169k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Weakest financial yearnet €2k ▼4.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 31current ratio 2.75
Current ratio from 0.09 to 2.75; short-term debt falls from €507k to €71k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · 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
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, Hamme (Vl.) · 1 establishment unit since 2015
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.
Biezestraat 379220 Hamme (Vl.)Ground area
275 m²
Parcel 42008A0137/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Madato
since 20152.253.603.374
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42008A0137/00E000 | Flanders | 275 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.
Similar companies · same sector, comparable size
MENUISERIE SERVATY
BE 0472.760.776
Blégny · Eq €210k
Dak- & Timmerwerken Eeckloo
BE 0761.344.585
Diksmuide · Eq €210k
INSTAPKLAAR!
BE 0822.649.476
Staden · Eq €210k
SCHRIJNWERKERIJ PAELINCK J.
BE 0897.240.793
Destelbergen · Eq €210k
WOOD-WORKS D'HULSTER
BE 0679.979.106
Vleteren · Eq €210k
Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 7,363 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2015
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43410Roofing work
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.