MAD MEN
ActiveMAD MEN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-37k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 1894 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency4▼-10
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.87 in 2024), and 98.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
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
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
1.9%
Return on assets
-4.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€37k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1894 sector peers (2025).
NBB · sector comparisonPosition among 1894 sector peers
Solvency
better than 13%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
31 d early
2023
30 d late
2022
13 d early
2021
58 d late
2020
11 d late
2019
15 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 72.3%
2024 · €51k
2018: €-19k
2019: €11k
2020: €26k
2021: €54k
2022: €80k
2023: €80k
2024: €51k
2018 → 2025
Total assets
€755k▲ 23.1%
2024 · €613k
2018: €460k
2019: €411k
2020: €435k
2021: €544k
2022: €555k
2023: €550k
2024: €613k
2018 → 2025
Net result
€-37k▼ 26.8%
2024 · €-29k
2018: €-16k
2019: €30k
2020: €15k
2021: €28k
2022: €27k
2023: €-480
2024: €-29k
2018 → 2025
Working capital
€-185k▼ 357%
2024 · €-40k
2018: €-176k
2019: €-119k
2020: €-79k
2021: €-61k
2022: €-4k
2023: €-5k
2024: €-40k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€80k▲ 49.1%€80k▼ 0.6%€51k▼ 36.3%€14k▼ 72.3%
Operating result€41k-€35k▼ 14.8%€46k▲ 31.8%€-38k€-37k▲ 3.0%
Net result€28k-€27k▼ 4.0%€-480€-29k▼ 5,950%€-37k▼ 26.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €37k in 2025 against €38k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €755k
Fixed assets
€426k▲ 25.1%
Current assets
€329k▲ 20.6%
Equity and liabilities €755k
Equity
€14k▼ 72.3%
Debt
€741k▲ 31.8%
The debt ratio rises from 91.7% to 98.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-14k▲
2024 · €-15k
Cash flow
€-14k▼
2024 · €-6k
Solvency
1.9%▼
2024 · 8.3%
Current ratio
0.64▼
2024 · 0.87
Quick ratio
0.64▼
2024 · 0.87
Debt / equity
52.47▲
2024 · 11.04
ROE
-260.8%▼
2024 · -57.0%
ROA
-4.9%▼
2024 · -4.7%
Interest coverage
-2.71▲
2024 · -2.71
Debt
€741k▲
2024 · €562k
Debt ≤ 1 year
€514k▲
2024 · €313k
Debt > 1 year
€221k▼
2024 · €243k
Income taxes
€2k▲
2024 · €0
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€613k€755k▲
Fixed assets21/28€341k€426k▲
Tangible fixed assets22/27€336k€349k▲
Land and buildings22€332k€343k▲
Furniture and vehicles24€3k€6k▲
Financial fixed assets28€5k€77k▲
Current assets29/58€273k€329k▲
Amounts receivable after more than one year29€155k€112k▼
Other amounts receivable291€155k€112k▼
Amounts receivable within one year40/41€37k€170k▲
Trade receivables40€7k€143k▲
Other amounts receivable41€30k€27k▼
Cash at bank and in hand54/58€55k€46k▼
Deferred charges and accrued income490/1€26k€658▼
Equity and liabilities
Total equity and liabilities10/49€613k€755k▲
Equity10/15€51k€14k▼
Contributions10/11€82k€82k=
Reserves13€1k€1k=
Tax-exempt reserves132€1k€1k=
Profit (loss) carried forward14€-33k€-70k▼
Amounts payable17/49€562k€741k▲
Amounts payable after more than one year17€243k€221k▼
Financial debts170/4€243k€221k▼
Amounts payable within one year42/48€313k€514k▲
Current portion of amounts payable after more than one year42€22k€22k▲
Trade debts44€2k€81k▲
Suppliers440/4€2k€81k▲
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€7k€10k▲
Remuneration and social security454/9€6k€3k▼
Other amounts payable47/48€276k€398k▲
Accrued charges and deferred income492/3€6k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▼
Other operating charges640/8€11k€8k▼
Gross operating margin9900€-4k€-5k▼
Operating profit (loss)9901€-38k€-37k▲
Financial income75/76B€14k€7k▼
Recurring financial income75€9k€7k▼
Non-recurring financial income76B€5k€0▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-29k€-34k▼
Income taxes67/77€0€2k▲
Profit (loss) for the period9904€-29k€-37k▼
Profit (loss) for the period to be appropriated9905€-29k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-70k▼
Profit (loss) brought forward from the previous period14P€-4k€-33k▼
The notes to these accounts (15 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 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-Martens-Latem · 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.
Kapitteldreef 359830 Sint-Martens-LatemGround area
3,273 m²
Building footprint
161 m²
Volume, LiDAR
1,195 m³
Parcel 44064B0068/00F000, Flanders · tallest building 15.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAD MEN
since 20102.188.070.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0068/00F000 | Flanders | 3,273 m² | 1 · 161 m² | 15.7 m · 2 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.
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Of 3,140 companies in sector 63920 we hold annual accounts for 1,516. 925 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-05-2010
Fiscal year end31-12
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.