Losses
-€216,939 in seven years
Every financial year from 2019 to 2025 closed with a loss. 2025 was the heaviest.
MAD VALLEY
Lifetime
9 annual accounts with figures on one time axispeak €49,333 (2024)
€18,977▼ 61.5%
lowest -€68,372 (2025)
-€68,372▼ €39,810
peak €255,208 (2025)
€255,208▲ €381,628
€926,569▼ 30.7%
Board1 name since 2016
-
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €49,333 to €18,977Loss of €68,372Capital contribution of €450,000 17-11Registered office moved from Merchtem to Brussegem 22-09Equity from -€126,420 to €255,208Debts from €1.3m to €926,569
Key points
from the 2025 annual accountsDebts
€926,569 78% of the balance sheet
Financial debts 80%Suppliers 2%Taxes and wages 0%Other 18%
Of this, €191,591 falls due within a year.
Position in the sector
-€68,372
Lower net result than 95% of companies in advertising and market research. Sector median €14,764 · 8,615 companies.
2025 accounts filed 31 days after the deadline
Checked score
55
Fair
Financially stronger than 43% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.4%▼ -0.1 percentage points vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025lowest value
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.4%● unchanged vs 06-2025
08-2025: 2.1%▲ +0.7 percentage points vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.9%▲ +0.8 percentage points vs 09-2025
11-2025: 2.9%● unchanged vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 2.9%● unchanged vs 12-2025
02-2026: 3.0%▲ +0.1 percentage points vs 01-2026
03-2026: 3.0%● unchanged vs 02-2026
04-2026: 2.9%▼ -0.1 percentage points vs 03-2026
05-2026: 3.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.8%▼ -0.2 percentage points vs 05-2026
07-2026: 2.8%● unchanged vs 06-2026
08-2026: 3.6%▲ +0.8 percentage points vs 07-2026highest value
09-2026: 1.6%▼ -2.0 percentage points vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.44, cash €1,191
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
1 change of registered office in 24 months
lowers risk
Size: total assets €1.2m
Calculation
The band follows from the bankruptcy probability. 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 73, micro). It does better than 27% of them on solvency, 29% on liquidity, 19% on profitability and 97% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 748 companies had the same profile as MAD VALLEY has now. Each dot stands for 2 companies, two years later.
96.7%
were still trading
1.9%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAD VALLEY itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 748 companies, not a prediction for MAD VALLEY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.44 (0.16 in 2024), below 1. Short-term debt is 16.2% and cash 0.1% of total assets. 78.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 days late
2024
on the day
2023
30 days late
2022
31 days late
2021
28 days late
2020
3 days late
2019
70 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Capital contribution of €450,000
Contribution: Bert Marievoet · 7,250 new shares · Bert Marievoet is a shareholder · General meeting of 23-10-2025 · Gazette deed
Registered office moved from Merchtem to Brussegem
New registered office: Lobbeweg 5, 1785 Brussegem · Previous registered office: De Keersmaekerlaan 23, 1785 Merchtem · General meeting of 10-07-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0668389386
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Merchtem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAD VALLEY Merchtem | €1.2m | €18,977 | 21.6% | - |
| AFTER THIS Berchem-Sainte-Agathe | €1.1m | €17,312 | -7.1% | - |
| FULLTIME BUSINESS Asse | €1.8m | €24,565 | 5.8% | - |
| BOWLING Antwerp | €1.2m | €16,363 | 82.3% | 1.4 |
| SUPERGLUE Ghent | €0.8m | €13,955 | 86.4% | - |
| BAWE INVEST Wemmel | €0.7m | €50,865 | 8.5% | - |
| MC MICHAEL Lochristi | €0.5m | €24,114 | 0.9% | - |
These companies have the same main activity as MAD VALLEY: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €543,000 and €1.8m, founded between 2011 and 2020.
Official details
Source: KBO- Status
- Active since 22-12-2016Normal situation
- Activity
- Advertising agenciesNACE 73110and 3 others
- Establishment unit
- 2.260.552.6331785 Merchtem, since 22-12-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 12-07-2025
Insights on MAD VALLEY
MAD VALLEY files the micro format. That format states no turnover. The gross margin rose from €9,968 in 2017 to €18,977 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAD VALLEY
- What is the company number of MAD VALLEY?
- The company number of MAD VALLEY is 0668.389.386. The VAT number is the same number with BE in front: BE 0668.389.386.
- Where is MAD VALLEY based?
- The registered office is at Lobbeweg 5, 1785 Merchtem.Company details
- What does MAD VALLEY do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of MAD VALLEY?
- MAD VALLEY is a private limited company (BV).
- When was MAD VALLEY founded?
- MAD VALLEY was founded on 22-12-2016.
- Is MAD VALLEY still active?
- Yes, MAD VALLEY is an active enterprise in the KBO register.
- What is the turnover of MAD VALLEY?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €18,977 and 41 comparable companies (NACE 73110). It probably lies between €57,000 and €210,000. It is a rough estimate.Financials
- Is MAD VALLEY profitable?
- In financial year 2025, MAD VALLEY made a loss of €68,372.
- Where can I find the annual accounts of MAD VALLEY?
- MAD VALLEY filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAD VALLEY due?
- MAD VALLEY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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