MAD
ActiveThe computed 12-month bankruptcy probability of MAD is 2.3% (moderate). The 2025 annual accounts show negative equity (€-15k) and a net result of €-73k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 3619 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-99
Solvency20▼-21
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 1.15 in 2024; short-term debt: 98.8% and cash: 18% 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.
+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 56
Relative position
BE, all sectors
reference
Sector 56
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
-4.8%
Return on assets
-22.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
34 d early
2023
61 d late
2022
3 d early
2021
31 d late
2020
30 d early
2019
14 d early
← 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
€-15k
2024 · €57k
2018: €35k
2019: €-46k
2020: €20k
2021: €34k
2022: €-4k
2023: €-29k
2024: €57k
2018 → 2025
Total assets
€318k▼ 9.3%
2024 · €351k
2018: €310k
2019: €266k
2020: €263k
2021: €281k
2022: €347k
2023: €394k
2024: €351k
2018 → 2025
Net result
€-73k
2024 · €86k
2018: €5k
2019: €-81k
2020: €54k
2021: €86k
2022: €-38k
2023: €-24k
2024: €86k
2018 → 2025
Working capital
€-34k
2024 · €42k
2018: €21k
2019: €-50k
2020: €15k
2021: €25k
2022: €-18k
2023: €-43k
2024: €42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€-4k€-29k▼ 600%€57k€-15k
Operating result€94k-€-38k€-30k▲ 21.0%€85k€-78k
Net result€86k-€-38k€-24k▲ 35.7%€86k€-73k
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 €78k after €85k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318k
Fixed assets
€38k▲ 60.7%
Current assets
€280k▼ 14.4%
Key figures and ratios
EBITDA
€-72k▼
2024 · €88k
Cash flow
€-67k▼
2024 · €89k
Solvency
-4.8%▼
2024 · 16.3%
Current ratio
0.89▼
2024 · 1.15
Quick ratio
0.49▼
2024 · 0.65
Debt / equity
-21.64▼
2024 · 5.14
ROA
-22.8%▼
2024 · 24.4%
Interest coverage
-11.38▼
2024 · 151.59
Debt
€333k▲
2024 · €294k
Debt ≤ 1 year
€314k▲
2024 · €285k
Debt > 1 year
€19k▲
2024 · €8k
Staff costs
€923k▲
2024 · €787k
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€351k€318k▼
Fixed assets21/28€24k€38k▲
Tangible fixed assets22/27€24k€38k▲
Plant, machinery and equipment23€12k€9k▼
Furniture and vehicles24€850€3k▲
Leasing and similar rights25€11k€26k▲
Current assets29/58€327k€280k▼
Stocks and contracts in progress3€140k€126k▼
Stocks30/36€140k€126k▼
Amounts receivable within one year40/41€67k€77k▲
Trade receivables40€47k€66k▲
Other amounts receivable41€20k€12k▼
Cash at bank and in hand54/58€103k€57k▼
Deferred charges and accrued income490/1€17k€19k▲
Equity and liabilities
Total equity and liabilities10/49€351k€318k▼
Equity10/15€57k€-15k▼
Contributions10/11€6k€6k=
Reserves13€51k€0▼
Distributable reserves133€51k€0▼
Profit (loss) carried forward14€0€-22k▼
Amounts payable17/49€294k€333k▲
Amounts payable after more than one year17€8k€19k▲
Financial debts170/4€8k€19k▲
Amounts payable within one year42/48€285k€314k▲
Current portion of amounts payable after more than one year42€3k€6k▲
Trade debts44€216k€219k▲
Suppliers440/4€216k€219k▲
Taxes, remuneration and social security45€65k€88k▲
Taxes450/3€1k€146▼
Remuneration and social security454/9€64k€88k▲
Other amounts payable47/48€872€834▼
Income statement
Code20242025
Remuneration, social security and pensions62€787k€923k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€15k€5k▼
Gross operating margin9900€890k€856k▼
Operating profit (loss)9901€85k€-78k▼
Financial income75/76B€2k€12k▲
Recurring financial income75€2k€12k▲
Financial charges65/66B€578€6k▲
Recurring financial charges65€578€6k▲
Profit (loss) for the period before taxes9903€86k€-73k▼
Profit (loss) for the period9904€86k€-73k▼
Profit (loss) for the period to be appropriated9905€86k€-73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€-73k▼
Profit (loss) brought forward from the previous period14P€-37k€0▲
Transfer from equity791/2-€51k
Transfer to equity691/2€49k€0▼
To other reserves6921€49k€0▼
Social balance
Average headcount (FTE)908718.921.1▲
The notes to these accounts (14 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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €86k
Net result €86k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €86k ▲60.8%
Operating result €94k, net result €86k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-81k ▼1680%
Net result drops to €-81k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Genk · 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.
Hermeslaan 603600 GenkGround area
1.2 ha
Building footprint
1,108 m²
Parcel 71307H0001/00L009, Flanders. Linked by address, not a title deed.
1 establishment unit
Bruno Service Station Genk-Noord
since 20152.247.013.809
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71307H0001/00L009 | Flanders | 1.2 ha | 1 · 1,108 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 202,443 EUR awarded · 202,443 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 49,184 EUR | 50,084 EUR |
| 2024 | 3 | 45,155 EUR | 44,255 EUR |
| 2023 | 2 | 50,267 EUR | 50,267 EUR |
| 2022 | 2 | 57,837 EUR | 57,837 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGenk2.247.013.809
Dual-learning approval
2 live approvals · 5 endedWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 8,331 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2015
Fiscal year end31-12
Activities, NACEBEL
56112Limited-service restaurants, excluding mobile food services
95316Washing and cleaning of motor vehicles
47300Retail sale of automotive fuel
56102Limited-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.