Financials
- Financial year
- 2024
- Total assets
- €249,185
- Profit
- €12,412
- Solvency
- -7.4%
Total assets▲ 2.2%
Net result
20182024
MAD CLASSICS
ActiveSummary
The computed 12-month bankruptcy probability of MAD CLASSICS is 2.5% (moderate). The 2024 annual accounts show negative equity (-€18,325) and a net result of €12,412. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 9,537 sector peers (NACE 47, financial year 2024). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811
1 site
Size
€249,185total assets 2024
- Equity
- -€18,325
- Profit
- €12,412
Turnover not published (abbreviated or micro format)
Structure
2025 accounts not filed, 89 days past the deadline1 of 8 deeds summarised
Why 52raises riskFigures for financial year 2024 (filed 08-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 69 days late; 3 of the last 3 latelowers riskFounded in 2006Size: total assets €249,185Show the evidence
Checked score
Score 2024
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 43% of its sector peers (NACE 47, micro)
Financial strength · tick = 2023
Weak
Solvency
18+6
equity -7.4% of total assets
Liquidity
8+7
short-term debt 107.4% · cash 6.3%
Profitability
75+2
return on assets 5.0%
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.7%
12-2024: 3.7%● unchanged vs 11-2024
01-2025: 3.7%● unchanged vs 12-2024
02-2025: 3.8%▲ +0.1 percentage points vs 01-2025highest value
03-2025: 3.8%● unchanged vs 02-2025
04-2025: 1.6%▼ -2.2 percentage points vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.5%▼ -0.1 percentage points vs 05-2025
07-2025: 1.6%▲ +0.1 percentage points vs 06-2025
08-2025: 2.2%▲ +0.6 percentage points vs 07-2025
09-2025: 2.5%▲ +0.3 percentage points vs 08-2025
10-2025: 2.8%▲ +0.3 percentage points vs 09-2025
11-2025: 1.3%▼ -1.5 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.2%▼ -0.1 percentage points vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026lowest value
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.7%▲ +0.5 percentage points vs 07-2026
09-2026: 2.0%▲ +0.3 percentage points vs 08-2026
10-2026: 2.5%▲ +0.5 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.82, compared with 0.77 in 2023, below 1; short-term debt: 107.4% and cash: 6.3% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 17% on solvency, 9% on liquidity, 61% on profitability and 83% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9537 sector peers (2024).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline28-10-2026 today
raises risk · 2024 accounts filed 69 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
69 days late
2023
71 days late
2022
32 days late
2021
61 days late
2020
80 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 64 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
- Back to profitnet €8,719
Key points
By topic
Timeline
- Events
- 23
- Since
- 2007
- 01-09-2023Annual accounts filed
- 16-03-2023Registered office
- 30-09-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Retail sale of cars and light vans (up…NACE 47811
- Founded
- 10-02-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about MAD CLASSICS
- What is the company number of MAD CLASSICS?
- 0879.389.726. In Belgium the VAT number is the company number with BE in front: BE 0879.389.726.
- Where is MAD CLASSICS based?
- The registered office is at Klapstraat 55+, 9831 Sint-Martens-Latem.Company details
- What does MAD CLASSICS do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of MAD CLASSICS?
- Private limited company (pre-2019) (BVBA).
- When was MAD CLASSICS founded?
- On 10-02-2006.
- Is MAD CLASSICS still active?
- Yes, MAD CLASSICS is an active enterprise in the KBO register.
- What is the turnover of MAD CLASSICS?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is MAD CLASSICS profitable?
- In financial year 2024, MAD CLASSICS made a profit of €12,412.
- Where can I find the annual accounts of MAD CLASSICS?
- MAD CLASSICS filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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