FOR-MADANI
ActiveFOR-MADANI has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €156k and a net result of €33k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 37971 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+44
Solvency100▲+2
Growth52=
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 3.11 against 2.34 in 2023), and 31.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
7 d early
2022
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€156k▲ 27.0%
2023 · €123k
2022: €109k
2023: €123k
2022 → 2024
Total assets
€228k▲ 5.6%
2023 · €215k
2022: €272k
2023: €215k
2022 → 2024
Net result
€33k▲ 141%
2023 · €14k
2022: €104k
2023: €14k
2022 → 2024
Working capital
€128k▲ 37.2%
2023 · €93k
2022: €80k
2023: €93k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€109k-€123k▲ 12.6%€156k▲ 27.0%
Operating result€133k-€20k▼ 84.9%€40k▲ 102%
Net result€104k-€14k▼ 86.8%€33k▲ 141%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 102% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €228k
Fixed assets
€39k▼ 26.6%
Current assets
€189k▲ 16.0%
Equity and liabilities €228k
Equity
€156k▲ 27.0%
Debt
€71k▼ 22.9%
The debt ratio falls from 42.9% to 31.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€54k▲
2023 · €34k
Cash flow
€47k▲
2023 · €28k
Solvency
68.7%▲
2023 · 57.1%
Current ratio
3.11▲
2023 · 2.34
Quick ratio
3.11▲
2023 · 2.34
Debt / equity
0.46▼
2023 · 0.75
ROE
21.2%▲
2023 · 11.2%
ROA
14.6%▲
2023 · 6.4%
Interest coverage
25.22▼
2023 · 102.32
Debt
€71k▼
2023 · €92k
Debt ≤ 1 year
€61k▼
2023 · €69k
Debt > 1 year
€11k▼
2023 · €23k
Income taxes
€9k▲
2023 · €6k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€215k€228k▲
Fixed assets21/28€53k€39k▼
Tangible fixed assets22/27€53k€39k▼
Plant, machinery and equipment23€2k€909▼
Furniture and vehicles24€51k€38k▼
Current assets29/58€163k€189k▲
Amounts receivable within one year40/41€6k€8k▲
Trade receivables40€6k€8k▲
Other amounts receivable41€88-
Current investments50/53€100k€100k=
Cash at bank and in hand54/58€56k€78k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€215k€228k▲
Equity10/15€123k€156k▲
Contributions10/11€5k€5k=
Reserves13€118k€151k▲
Distributable reserves133€118k€151k▲
Amounts payable17/49€92k€71k▼
Amounts payable after more than one year17€23k€11k▼
Financial debts170/4€23k€11k▼
Amounts payable within one year42/48€69k€61k▼
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€795-
Suppliers440/4€795-
Taxes, remuneration and social security45€37k€18k▼
Taxes450/3€37k€18k▼
Other amounts payable47/48€19k€30k▲
Income statement
Code20232024
Remuneration, social security and pensions62€969-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€524€877▲
Gross operating margin9900€35k€55k▲
Operating profit (loss)9901€20k€40k▲
Financial income75/76B-€4k
Recurring financial income75-€4k
Financial charges65/66B€330€2k▲
Recurring financial charges65€330€2k▲
Profit (loss) for the period before taxes9903€20k€42k▲
Income taxes67/77€6k€9k▲
Profit (loss) for the period9904€14k€33k▲
Profit (loss) for the period to be appropriated9905€14k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€33k▲
Transfer to equity691/2€14k€33k▲
To other reserves6921€14k€33k▲
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €150kEq €156k ▲27%
3 profitable years in a row build equity to €156k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €14k ▼86.8%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
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, Wevelgem · 1 establishment unit since 2021
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.
Kloosterstraat 128560 WevelgemGround area
265 m²
Building footprint
225 m²
Volume, LiDAR
1,423 m³
Parcel 34041C0362/00X000, Flanders · tallest building 20.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FOR-MADANI
since 20212.322.849.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0362/00X000 | Flanders | 265 m² | 1 · 225 m² | 20.0 m · 2 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.
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 40,629 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.