MAUDEL CONCEPT
ActiveSummary
MAUDEL CONCEPT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-12k) and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▲+46
Solvency23▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.67 against 0.71 in 2023; short-term debt: 95.6% and cash: 3.5% of total assets), and equity is negative.
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-2.5%
Return on assets
3.2%
Age of the figures
21 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 6537 sector peers (2024).
NBB · sector comparisonPosition among 6537 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-05-2025, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
12 d late
2022
62 d early
2021
74 d early
2020
31 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15k
2023 · €-27k
2018: €-68k
2019: €24k
2020: €101k
2021: €142k
2022: €119k
2023: €-27k
2018 → 2024
Working capital
€-148k▲ 19.0%
2023 · €-182k
2018: €-156k
2019: €-186k
2020: €-146k
2021: €-30k
2022: €-19k
2023: €-182k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-119k-€24k€60k▲ 154%€-27k€-12k▲ 56.6%
Operating result€83k-€141k▲ 69.6%€187k▲ 32.9%€-65k€4k
Net result€101k-€142k▲ 40.5%€119k▼ 16.6%€-27k€15k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €65k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €474k
Fixed assets
€169k ▼ 16.2%
Current assets
€305k ▼ 32.7%
Key figures and ratios
EBITDA
€67k▲
2023 · €-4k
Cash flow
€78k▲
2023 · €34k
Solvency
-2.5%▲
2023 · -4.1%
Current ratio
0.67▼
2023 · 0.71
Quick ratio
0.63▼
2023 · 0.70
Debt to equity
-41.66▼
2023 · -25.36
ROA
3.2%▲
2023 · -4.1%
Interest coverage
10.37▲
2023 · 0.25
Debt
€486k▼
2023 · €682k
Debt ≤ 1 year
€453k▼
2023 · €636k
Debt > 1 year
€0▼
2023 · €3k
Income taxes
€2k▲
2023 · €1k
Staff costs
€293k▲
2023 · €266k
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 · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€655k€474k▼
Fixed assets21/28€201k€169k▼
Tangible fixed assets22/27€200k€167k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€145k€121k▼
Other tangible fixed assets26€47k€40k▼
Financial fixed assets28€1k€1k▲
Current assets29/58€454k€305k▼
Stocks and contracts in progress3€11k€20k▲
Stocks30/36€11k€20k▲
Amounts receivable within one year40/41€208k€130k▼
Trade receivables40€208k€130k▼
Other amounts receivable41€0€83▲
Current investments50/53€168k€117k▼
Cash at bank and in hand54/58€65k€16k▼
Deferred charges and accrued income490/1€2k€22k▲
Equity and liabilities
Total equity and liabilities10/49€655k€474k▼
Equity10/15€-27k€-12k▲
Contributions10/11€100€100=
Reserves13€305€734▲
Tax-exempt reserves132€305€734▲
Profit (loss) carried forward14€-27k€-12k▲
Amounts payable17/49€682k€486k▼
Amounts payable after more than one year17€3k€0▼
Financial debts170/4€3k€0▼
Amounts payable within one year42/48€636k€453k▼
Current portion of amounts payable after more than one year42€5k€3k▼
Trade debts44€189k€97k▼
Suppliers440/4€189k€97k▼
Advances received on contracts in progress46€314k€291k▼
Taxes, remuneration and social security45€71k€62k▼
Taxes450/3€40k€18k▼
Remuneration and social security454/9€32k€45k▲
Other amounts payable47/48€56k€0▼
Accrued charges and deferred income492/3€43k€32k▼
Income statement
Code20232024
Non-recurring operating income76A€4k€7k▲
Remuneration, social security and pensions62€266k€293k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€63k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€265k€362k▲
Operating profit (loss)9901€-65k€4k▲
Financial income75/76B€24k€20k▼
Recurring financial income75€24k€20k▼
Financial charges65/66B€-14k€6k▲
Recurring financial charges65€-14k€6k▲
Profit (loss) for the period before taxes9903€-26k€17k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€-27k€15k▲
Transfer to tax-exempt reserves689€305€430▲
Profit (loss) for the period to be appropriated9905€-27k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-12k▲
Profit (loss) brought forward from the previous period14P€0€-27k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90874.75.0▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 12 days late
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €142k ▲40.5%
Net result €142k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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, Orp-Jauche · 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.
Rue des Cortils(F) 111350 Orp-JaucheGround area
3,877 m²
Building footprint
1,121 m²
Volume, LiDAR
7,714 m³
2 parcels, Wallonia · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAUDEL CONCEPT
since 20152.241.809.857
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772G0238/00X002 | Wallonia | 2,426 m² | 1 · 984 m² | 11.8 m · 2 fl. |
| 25029A0519/00E000 | Wallonia | 1,451 m² | 1 · 137 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
VC ATELIER
BE 0476.300.880
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INTER CHANTIER
BE 0712.597.830
Verviers · Eq €60,340
ALAL ZAVENTEM
BE 0546.763.561
Neupré · Eq €59,586
Belgian Professional Home Appliances
BE 0830.746.602
Grez-Doiceau · Eq €60,626
ELEKTRO LEFEVRE
BE 0474.990.786
Tienen · Eq €60,781
Of 1,510 companies in sector 47540 we hold annual accounts for 805. 600 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
47551Retail sale of household furniture
23420Manufacture of other non-metallic mineral products
31002Manufacture of furniture
47527Retail trade
47559Retail sale of other household articles
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.