Financials
- Fiscal year
- 2023
- Total assets
- €525,369
- Profit
- €3,637
- Solvency
- 47.0%
Total assets▼ 2.8%
Net result
20192023
M.A.D.
ActiveSummary
The computed 12-month bankruptcy probability of M.A.D. is 4.9% (elevated). For M.A.D., at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €246,669 and a net result of €3,637. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 18398 sector peers (fiscal year 2023). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
1 site
Size
€525,369total assets 2023
- Equity
- €246,669
- Profit
- €3,637
Turnover not published (abridged schema)
Financial health
- Bankruptcy chance 12 m
- 4.9%
2023 figures too old to score
Structure
Accounts 521 d overdue0 of 2 deeds read
Signals- Figures for FY 2023 (filed 23-05-2024)- 2 financial years not filed after the legal deadline; latest accounts 23 days late; 1 of the last 3 late- Liquidity: current ratio 0.05, cash €2,669- Two or more financial years not filed+ Sector Real estate activities (NACE 68)Filed after the deadlineShow the evidence
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency
72+2
equity 47.0% of total assets
Liquidity
50=
short-term debt 10.5% · cash 0.5%
Profitability
70+67
return on assets 0.7%
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.3%▼ -0.6% vs 11-2024
01-2025: 0.3%▼ -3.4% vs 12-2024lowest value
02-2025: 0.4%▲ +4.5% vs 01-2025
03-2025: 0.3%▼ -0.6% vs 02-2025
04-2025: 0.5%▲ +36.9% vs 03-2025
05-2025: 0.7%▲ +51.8% vs 04-2025
06-2025: 0.8%▲ +14.9% vs 05-2025
07-2025: 1.2%▲ +43.5% vs 06-2025
08-2025: 1.3%▲ +9.1% vs 07-2025
09-2025: 1.7%▲ +29.5% vs 08-2025
10-2025: 3.2%▲ +87.0% vs 09-2025
11-2025: 3.2%● 0.0% vs 10-2025
12-2025: 3.4%▲ +6.2% vs 11-2025
01-2026: 3.0%▼ -9.4% vs 12-2025
02-2026: 3.0%● 0.0% vs 01-2026
03-2026: 3.0%● 0.0% vs 02-2026
04-2026: 3.0%● 0.0% vs 03-2026
05-2026: 4.2%▲ +37.0% vs 04-2026
06-2026: 4.9%▲ +18.0% vs 05-2026highest value
07-2026: 4.9%● 0.0% vs 06-2026highest value
08-2026: 4.9%● 0.0% vs 07-2026highest value
09-2026: 4.9%● 0.0% vs 08-2026highest value
10-2026: 4.9%● 0.0% vs 09-2026highest value
- Figures for FY 2023 (filed 23-05-2024) raises the probability
- 2 financial years not filed after the legal deadline; latest accounts 23 days late; 1 of the last 3 late raises the probability
- Liquidity: current ratio 0.05, cash €2,669 raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline03-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 23-05-2024, 23 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
not filed
2024
not filed
2023
23 d late
2022
31 d late
2021
30 d early
2020
2 d early
2019
66 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2023 · micro…
- Back to profitnet €3,637
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2015
- 23-05-2024Annual accounts filed
- 30-09-2023Back to profit
- 31-05-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Renting and operating of own or leased residential…NACE 68201
- Founded
- 16-09-2002
- Year ends
- 30-09
- Peppol
- Not found in the Peppol directory
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