Equity
Equity rose in 2025 from €77,778 to €130,707.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 30% of them on solvency, 45% on liquidity, 52% on profitability and 84% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,976 companies had the same profile as M'AUDA has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of M'AUDA itself is lower: 0.3% within 12 months. It rests on far more data about M'AUDA than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for M'AUDA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 4.47 (1.24 in 2024), above the usual 1.5. Short-term debt is 11.9% and cash 4.9% of total assets. However, 70.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 20 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| M'AUDA Ghent | €436,737 | €97,402 | 29.9% | - |
| Bauwens Consulting Ghent | €519,245 | €89,432 | 49.5% | - |
| Vinke Management Consulting Zelzate | €401,873 | €97,927 | 90.9% | - |
| SDW consult Deinze | €424,339 | €98,124 | 79.2% | - |
| JOHTAA Buggenhout | €428,272 | €112,085 | 95.3% | - |
| SCHRIJN EN DAKWERKEN ANDY Wetteren | €394,908 | €107,322 | 53.7% | - |
| IMMO BELRA Beveren-Kruibeke-Zwijndrecht | €382,667 | €85,686 | 29.3% | - |
These companies have the same main activity as M'AUDA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €383,000 and €519,000, founded between 2021 and 2022.
M'AUDA files the micro format. That format states no turnover. The gross margin fell from €140,682 in 2023 to €97,402 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €150,000 and €250,000.
Higher than 30% of 39,360 companies in 2025.
Higher than 75% of 38,044 companies in 2025.
Higher than 46% of 38,516 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
436,737 | 334,793 | 301,784 | |
21/28 |
203,607 | 224,257 | 244,907 | |
22/27 |
203,607 | 224,257 | 244,907 | |
22 |
174,195 | 180,655 | 187,115 | |
23 |
1,516 | 3,585 | 5,654 | |
24 |
27,896 | 40,017 | 52,139 | |
29/58 |
233,130 | 110,536 | 56,877 | |
3 |
10,044 | - | - | |
30/36 |
10,044 | - | - | |
40/41 |
201,046 | 98,940 | 23,185 | |
40 |
21,223 | 3,933 | 17,969 | |
41 |
179,823 | 95,008 | 5,217 | |
54/58 |
21,501 | 11,063 | 33,105 | |
490/1 |
539 | 532 | 587 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
436,737 | 334,793 | 301,784 | |
10/15 |
130,707 | 77,778 | 55,968 | |
10/11 |
1,000 | 1,000 | 1,000 | |
13 |
76,778 | 76,778 | 54,968 | |
133 |
76,778 | 76,778 | 54,968 | |
14 |
52,929 | - | - | |
17/49 |
306,031 | 257,015 | 245,816 | |
17 |
253,901 | 168,035 | 183,207 | |
170/4 |
253,901 | 168,035 | 183,207 | |
42/48 |
52,129 | 88,980 | 62,609 | |
42 |
16,134 | 15,583 | 15,463 | |
43 |
- | 1,329 | - | |
430/8 |
- | 1,329 | - | |
44 |
1,446 | 2,752 | 1,075 | |
440/4 |
1,446 | 2,752 | 1,075 | |
45 |
34,462 | 45,359 | 46,070 | |
450/3 |
34,462 | 45,359 | 46,070 | |
47/48 |
88 | 23,956 | - | |
| Income statement | ||||
9900 |
97,402 | 66,908 | 140,682 | |
630 |
20,650 | 20,650 | 44,048 | |
640/8 |
1,304 | 1,365 | 1,704 | |
9901 |
75,448 | 44,893 | 94,930 | |
75/76B |
8,250 | 375 | 138 | |
75 |
8,250 | 375 | 138 | |
65/66B |
14,360 | 8,585 | 1,294 | |
65 |
14,360 | 8,585 | 1,294 | |
9903 |
69,338 | 36,683 | 93,774 | |
67/77 |
16,409 | 14,014 | 37,973 | |
9904 |
52,929 | 22,669 | 55,801 | |
9905 |
52,929 | 22,669 | 55,801 | |
| Appropriation of the result | ||||
9906 |
52,929 | 22,669 | 55,801 | |
691/2 |
- | 21,810 | 54,968 | |
6921 |
- | 21,810 | 54,968 | |
694/7 |
- | 859 | 833 | |
694 |
- | 859 | 833 | |
| Document | ||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-03-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 96,098 | 65,543 | 138,978 | ||
| 73,579 | 43,319 | 99,849 | ||
| 0 | 0 | 288,955 | ||
| 10,438 | -22,042 | - | ||
| 181,001 | 21,555 | -5,732 | ||
| 29.9% | 23.2% | 18.5% | ||
| 4.47 | 1.24 | 0.91 | ||
| 4.28 | 1.24 | 0.91 | ||
| 2.34 | 3.30 | 4.39 | ||
| 40.5% | 29.1% | 99.7% | ||
| 12.1% | 6.8% | 18.5% | ||
| 6.69 | 7.63 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €288,955 |
| €20,650 | €20,650 | €44,048 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 68% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 76.8% to 70.1%. Equity and debt are higher.
M'AUDA has no parent and no holdings in its annual accounts. El-Saidy, Hadiel is the only director. M'AUDA shares no director with another company.
| MONSAERT
registered office since 21-03-2011 · founded in 2011 |
total assets €32.3m (2025) 0834.725.976 |
| HODHOD
registered office since 13-10-2014 · founded in 2014 |
total assets €1.8m (2025) 0563.926.425 |
| NONON
registered office since 21-10-2021 · founded in 2021 |
total assets €1.7m (2025) 0776.341.478 |
| IMMEIR
registered office since 17-01-2012 · founded in 2012 |
total assets €1.5m (2025) 0842.894.465 |
| ECOTEC
registered office since 12-10-2004 · founded in 2004 · negative equity (2025) |
total assets €1.1m (2025) 0867.237.705 |
| DE JACOBIJNEN
registered office since 20-04-1993 · founded in 1993 |
total assets €979,221 (2025) 0449.746.834 |
| o'yo
registered office since 01-07-2022 · founded in 2015 · negative equity (2025) |
total assets €302,468 (2025) 0641.908.386 |
| Bekaert, Delphine (sole trader)
establishment since 25-11-2019 |
founded in 2019 0738.444.370 |
| Vereniging van mede-eigenaars van de residentie Sint-Baafs te Gent, Sint-Baafsplein 12-20
registered office since 01-02-2018 |
founded in 2018 0720.501.647 |
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Sint-Baafsplein 12 registered office 9000 Ghent | ||
| Kruideniersstraat 8 9000 Ghent | 02-12-2021 | 2.325.113.655 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44803C0496/00K000 | 354 m² | 1 · 396 m² | 18.7 m · 4 |
| 44802B1227/00H000 | 185 m² | 1 · 325 m² | 14.0 m · 1 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.