MAD Construction
ActiveSummary
The computed 12-month bankruptcy probability of MAD Construction is 4.6% (elevated). The latest annual accounts of MAD Construction were filed more than 90 days after the deadline. The 2024 annual accounts show equity of €132. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability.
Bankruptcy probability: Elevated
Filing: Filed more than 90 days late
Axes · tick = 2023
Profitability-
Solvency64=
Growth55=
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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
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 2024Age of the figures
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-03-2026, 217 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
217 d late
2023
582 d late
2022
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 294 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€132=
2023 · €132
Total assets
€342=
2023 · €342
Net result
-€1,868
Working capital
-€159=
2023 · -€159
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result-€1,810-
Net result-€1,868-
Equity€132-€132=€132=
Total assets€959-€342▼ 64.3%€342=
Debt€826-€210▼ 74.6%€210=
Working capital-€159--€159=-€159=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
2022 is the only fiscal year with figures: the operating result is a loss of €1,810.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €342
Equity
€132 =
Debt
€210 =
Debt's share of the balance-sheet total stays at 61.3%.
Key figures and ratios
Debt ≤ 1 year
€210=
2023 · €210
Ratios withheld: a balance sheet total of €342 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €916 | - | - | - |
| Other operating charges640/8 | €67 | - | - | - |
| Gross operating margin9900 | -€826 | - | - | - |
| Operating profit (loss)9901 | -€1,810 | - | - | - |
| Financial charges65/66B | €57 | - | - | - |
| Recurring financial charges65 | €57 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1,868 | - | - | - |
| Profit (loss) for the period9904 | -€1,868 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€1,868 | - | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €959 | €342 | €342 | = |
| Formation expenses20 | €291 | €291 | €291 | = |
| Current assets29/58 | €668 | €51 | €51 | = |
| Amounts receivable within one year40/41 | €617 | - | - | - |
| Other amounts receivable41 | €617 | - | - | - |
| Cash at bank and in hand54/58 | €51 | €51 | €51 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €959 | €342 | €342 | = |
| Equity10/15 | €132 | €132 | €132 | = |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€1,868 | -€1,868 | -€1,868 | = |
| Amounts payable17/49 | €826 | €210 | €210 | = |
| Amounts payable within one year42/48 | €826 | €210 | €210 | = |
| Trade debts44 | €826 | - | - | - |
| Suppliers440/4 | €826 | - | - | - |
| Other amounts payable47/48 | - | €210 | €210 | = |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,868 | - | - | - |
| + Depreciation and write-downs630 | €916 | - | - | - |
| Operating cash flow (approximation) | -€951 | - | - | - |
| Change in cash | - | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 217 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 582 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Trooz · 1 establishment unit since 2022
Ground area
1,662 m²
Building footprint
220 m²
Volume, LiDAR
930 m³
2 parcels, Flanders, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAD Construction
since 20222.330.955.233
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73059A0635/00X000 | Flanders | 1,436 m² | 1 · 174 m² | 4.4 m · 1 fl. |
| 62040A0294/00G003 | Wallonia | 226 m² | 1 · 46 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded30-03-2022
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784220155
Also
9925:BE0784220155
Registered
04-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.