ATELIER MADANDA
ActiveThe computed 12-month bankruptcy probability of ATELIER MADANDA is 2.3% (moderate). The 2025 annual accounts show equity of €32k and a net result of €-5k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 10252 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-93
Solvency100▲+33
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 4.37 against 1.63 in 2024; short-term debt: 20.3% and cash: 51.9% of total assets), and 20.3% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
79.7%
Return on assets
-12.4%
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 24-08-2026, 24 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 · 3 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
251 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€32k▼ 13.5%
2024 · €37k
2023: €18k
2024: €37k
2023 → 2025
Total assets
€40k▼ 53.9%
2024 · €87k
2023: €44k
2024: €87k
2023 → 2025
Net result
€-5k
2024 · €19k
2023: €17k
2024: €19k
2023 → 2025
Working capital
€28k▼ 13.3%
2024 · €32k
2023: €16k
2024: €32k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€18k-€37k▲ 102%€32k▼ 13.5%
Operating result€21k-€23k▲ 9.5%€-5k
Net result€17k-€19k▲ 10.9%€-5k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €23k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€5k▼ 14.4%
Current assets
€36k▼ 56.5%
Equity and liabilities €40k
Equity
€32k▼ 13.5%
Debt
€8k▼ 83.8%
The debt ratio falls from 57.5% to 20.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €25k
Cash flow
€-3k▼
2024 · €21k
Solvency
79.7%▲
2024 · 42.5%
Current ratio
4.37▲
2024 · 1.63
Quick ratio
4.37▲
2024 · 1.63
Debt / equity
0.25▼
2024 · 1.35
ROE
-15.6%▼
2024 · 50.5%
ROA
-12.4%▼
2024 · 21.4%
Interest coverage
-2.26▼
2024 · 378.85
Debt
€8k▼
2024 · €50k
Debt ≤ 1 year
€8k▼
2024 · €50k
Income taxes
€100▼
2024 · €5k
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€87k€40k▼
Fixed assets21/28€5k€5k▼
Tangible fixed assets22/27€5k€5k▼
Plant, machinery and equipment23€283€1k▲
Furniture and vehicles24€5k€3k▼
Current assets29/58€82k€36k▼
Amounts receivable within one year40/41€46k€13k▼
Trade receivables40€35k€3k▼
Other amounts receivable41€11k€10k▼
Cash at bank and in hand54/58€36k€21k▼
Deferred charges and accrued income490/1€24€2k▲
Equity and liabilities
Total equity and liabilities10/49€87k€40k▼
Equity10/15€37k€32k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€36k€31k▼
Amounts payable17/49€50k€8k▼
Amounts payable within one year42/48€50k€8k▼
Trade debts44€19k€3k▼
Suppliers440/4€19k€3k▼
Advances received on contracts in progress46€22k€453▼
Taxes, remuneration and social security45€10k€5k▼
Taxes450/3€10k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€162€1k▲
Gross operating margin9900€26k€-1k▼
Operating profit (loss)9901€23k€-5k▼
Financial income75/76B€394€532▲
Recurring financial income75€394€532▲
Financial charges65/66B€67€938▲
Recurring financial charges65€67€938▲
Profit (loss) for the period before taxes9903€24k€-5k▼
Income taxes67/77€5k€100▼
Profit (loss) for the period9904€19k€-5k▼
Profit (loss) for the period to be appropriated9905€19k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€31k▼
Profit (loss) brought forward from the previous period14P€17k€36k▲
The notes to these accounts (6 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-5k ▼127%
Net result drops to €-5k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 4.37
Current ratio from 1.63 to 4.37; short-term debt falls from €50k to €8k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 251 days late
2024
31-12
Financial
Highest result since 2023net €19k ▲10.9%
Operating result €23k, net result €19k, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zonhoven · 1 establishment unit since 2022
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.
Teutseweg 333520 ZonhovenGround area
1,053 m²
Building footprint
283 m²
Volume, LiDAR
1,072 m³
Parcel 71442C1127/00T006, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ATELIER MADANDA
since 20222.341.883.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442C1127/00T006 | Flanders | 1,053 m² | 1 · 283 m² | 9.3 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.
Similar companies · same sector, comparable size
DOM'IN
BE 0842.543.087
Ukkel · Eq €31k
KNOPS & MORE
BE 0740.515.915
Buggenhout · Eq €34k
Délirev
BE 0809.583.873
Rochefort · Eq €35k
wolkom
BE 0791.483.376
Aarschot · Eq €26k
PIOUX
BE 1022.817.785
Grez-Doiceau · Eq €40k
Of 220 companies in sector 47513 we hold annual accounts for 59. 51 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2022
Fiscal year end31-12
Activities, NACEBEL
47513Retail trade
15120Manufacture of leather and related products
46190Agents in non-specialised wholesale trade
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.