MAD INDUSTRIES
ActiveMAD INDUSTRIES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €24k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 78 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+7
Solvency79▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.04 in 2024; short-term debt: 20.4% and cash: 0.1% of total assets), and 46.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.7%
Return on assets
7.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
14 d late
2023
26 d late
2022
31 d late
2021
23 d late
2020
27 d late
2019
84 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24k▲ 265%
2024 · €6k
2018: €264
2019: €-8k
2020: €11k
2021: €1k
2022: €5k
2023: €2k
2024: €6k
2018 → 2025
Working capital
€-60k▲ 14.6%
2024 · €-70k
2018: €-46k
2019: €-62k
2020: €-56k
2021: €-49k
2022: €-55k
2023: €-64k
2024: €-70k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€128k-€133k▲ 4.0%€135k▲ 1.7%€142k▲ 4.8%€165k▲ 16.7%
Operating result€4k-€10k▲ 151%€6k▼ 39.2%€11k▲ 85.5%€28k▲ 156%
Net result€1k-€5k▲ 288%€2k▼ 55.3%€6k▲ 185%€24k▲ 265%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 156% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308k
Fixed assets
€305k▼ 0.3%
Current assets
€3k▼ 5.3%
Equity and liabilities €308k
Equity
€165k▲ 16.7%
Debt
€142k▼ 14.8%
The debt ratio falls from 54.1% to 46.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▲
2024 · €13k
Cash flow
€25k▲
2024 · €8k
Solvency
53.7%▲
2024 · 45.9%
Current ratio
0.05▲
2024 · 0.04
Quick ratio
0.05▲
2024 · 0.04
Debt / equity
0.86▼
2024 · 1.18
ROE
14.3%▲
2024 · 4.6%
ROA
7.7%▲
2024 · 2.1%
Interest coverage
22.25▲
2024 · 7.10
Debt
€142k▼
2024 · €167k
Debt ≤ 1 year
€63k▼
2024 · €73k
Debt > 1 year
€80k▼
2024 · €94k
Income taxes
€3k▲
2024 · €3k
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€309k€308k▼
Fixed assets21/28€306k€305k▼
Tangible fixed assets22/27€1k€344▼
Plant, machinery and equipment23€162€29▼
Furniture and vehicles24€1k€315▼
Financial fixed assets28€305k€305k=
Current assets29/58€3k€3k▼
Amounts receivable within one year40/41€0€2k▲
Trade receivables40€0€2k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€3k€373▼
Deferred charges and accrued income490/1€414€414▼
Equity and liabilities
Total equity and liabilities10/49€309k€308k▼
Equity10/15€142k€165k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€121k€145k▲
Amounts payable17/49€167k€142k▼
Amounts payable after more than one year17€94k€80k▼
Financial debts170/4€94k€80k▼
Amounts payable within one year42/48€73k€63k▼
Current portion of amounts payable after more than one year42€15k€16k▲
Financial debts43€326€2k▲
Credit institutions430/8€326€2k▲
Trade debts44€16k€15k▼
Suppliers440/4€16k€15k▼
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Other amounts payable47/48€35k€25k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€888▼
Other operating charges640/8€536€548▲
Non-recurring operating charges66A€61€0▼
Gross operating margin9900€13k€29k▲
Operating profit (loss)9901€11k€28k▲
Financial income75/76B€5€8▲
Recurring financial income75€5€8▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€9k€27k▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€6k€24k▲
Profit (loss) for the period to be appropriated9905€6k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€121k€145k▲
Profit (loss) brought forward from the previous period14P€115k€121k▲
Social balance
Average headcount (FTE)90870.00.0=
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Highest result since 2018net €24k ▲265%
Operating result €28k, net result €24k, both a record.
31-12
Financial
Equity above €150kEq €165k ▲16.7%
6 profitable years in a row build equity to €165k.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
31-12
Financial
Weakest financial yearnet €-8k ▼3296%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 27 days late
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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2010
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.
Sint-Lambertusstraat 1111200 Sint-Lambrechts-WoluweGround area
359 m²
Building footprint
256 m²
Volume, LiDAR
2,445 m³
Parcel 21674C0116/00F000, Brussels · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Lambertusstraat 111, 1200 Sint-Lambrechts-Woluwe
since 20102.190.666.014
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21674C0116/00F000 | Brussels | 359 m² | 1 · 256 m² | 15.6 m · 4 fl. |
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.
Similar companies · same sector, comparable size
GTC
BE 0820.951.580
Halen · Eq €166k
Buitra
BE 0450.171.951
Herenthout · Eq €167k
FLEXVAN
BE 0801.955.319
Ledegem · Eq €163k
KAROSSERIE MARC MEESSEN
BE 0807.084.738
Eupen · Eq €169k
STOREVAN VLAANDEREN
BE 0545.898.776
Wetteren · Eq €157k
Of 248 companies in sector 29201 we hold annual accounts for 120. 87 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2010
Fiscal year end31-12
Activities, NACEBEL
29201Manufacture of motor vehicles, trailers and semi-trailers
62020IT consultancy
62200Computer consultancy and computer facilities management
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.