MADAC
ActiveSummary
MADAC has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €163k and a net result of €26k. Equity is growing by ~37.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-23
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 62.72 against 32.76 in 2023; short-term debt: 1.6% and cash: 98.1% of total assets), and 1.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
43 d early
2022
40 d early
2021
5 d late
2020
4 d late
2019
33 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€163k▲ 19.3%
2023 · €136k
2018: €22klowest in 7 years
2019: €38k▲ +67.6% vs 2018
2020: €57k▲ +52.3% vs 2019
2021: €72k▲ +26.6% vs 2020
2022: €93k▲ +28.9% vs 2021
2023: €136k▲ +46.0% vs 2022
2024: €163k▲ +19.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€165k▲ 17.6%
2023 · €141k
2018: €22klowest in 7 years
2019: €39k▲ +74.5% vs 2018
2020: €59k▲ +51.4% vs 2019
2021: €74k▲ +25.0% vs 2020
2022: €96k▲ +29.0% vs 2021
2023: €141k▲ +47.2% vs 2022
2024: €165k▲ +17.6% vs 2023highest in 7 years
2018 → 2024
Net result
€26k▼ 38.6%
2023 · €43k
2018: €8klowest in 7 years
2019: €15k▲ +90.9% vs 2018
2020: €20k▲ +29.7% vs 2019
2021: €15k▼ -22.4% vs 2020
2022: €21k▲ +37.5% vs 2021
2023: €43k▲ +105% vs 2022highest in 7 years
2024: €26k▼ -38.6% vs 2023
2018 → 2024
Working capital
€163k▲ 19.3%
2023 · €136k
2019: €38klowest in 6 years
2020: €57k▲ +52.3% vs 2019
2021: €72k▲ +26.6% vs 2020
2022: €93k▲ +28.9% vs 2021
2023: €136k▲ +46.0% vs 2022
2024: €163k▲ +19.3% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€57k-€72k▲ 26.6%€93k▲ 28.9%€136k▲ 46.0%€163k▲ 19.3%
2020: €57klowest in 5 years
2021: €72k▲ +26.6% vs 2020
2022: €93k▲ +28.9% vs 2021
2023: €136k▲ +46.0% vs 2022
2024: €163k▲ +19.3% vs 2023highest in 5 years
Operating result€29k-€22k▼ 22.7%€31k▲ 37.5%€63k▲ 105%€36k▼ 42.6%
2020: €29k
2021: €22k▼ -22.7% vs 2020lowest in 5 years
2022: €31k▲ +37.5% vs 2021
2023: €63k▲ +105% vs 2022highest in 5 years
2024: €36k▼ -42.6% vs 2023
Net result€20k-€15k▼ 22.4%€21k▲ 37.5%€43k▲ 105%€26k▼ 38.6%
2020: €20k
2021: €15k▼ -22.4% vs 2020lowest in 5 years
2022: €21k▲ +37.5% vs 2021
2023: €43k▲ +105% vs 2022highest in 5 years
2024: €26k▼ -38.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €165k
Equity
€163k ▲ 19.3%
Debt
€3k ▼ 38.6%
Debt's share of the balance-sheet total falls from 3.1% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
62.72▲
2023 · 32.76
Debt to equity
0.02▼
2023 · 0.03
ROE
16.2%▼
2023 · 31.5%
ROA
15.9%▼
2023 · 30.5%
Debt ≤ 1 year
€3k▼
2023 · €4k
Income taxes
€12k▼
2023 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 28 lines
Balance sheet
Code20232024
Assets
Total assets20/58€141k€165k▲
Current assets29/58€141k€165k▲
Amounts receivable within one year40/41€5k€3k▼
Other amounts receivable41€5k€3k▼
Cash at bank and in hand54/58€135k€162k▲
Equity and liabilities
Total equity and liabilities10/49€141k€165k▲
Equity10/15€136k€163k▲
Contributions10/11€19k€19k=
Reserves13€122k€148k▲
Distributable reserves133€122k€148k▲
Profit (loss) carried forward14€-4k€-4k=
Amounts payable17/49€4k€3k▼
Amounts payable within one year42/48€4k€3k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Income statement
Code20232024
Other operating charges640/8€109€118▲
Gross operating margin9900€63k€36k▼
Operating profit (loss)9901€63k€36k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Profit (loss) for the period before taxes9903€63k€39k▼
Income taxes67/77€20k€12k▼
Profit (loss) for the period9904€43k€26k▼
Profit (loss) for the period to be appropriated9905€43k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€22k▼
Profit (loss) brought forward from the previous period14P€-4k€-4k=
Transfer to equity691/2€43k€26k▼
To other reserves6921€43k€26k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €101 | €102 | €109 | €118 | ▲ 8.3% |
| Gross operating margin9900 | €29k | €22k | €31k | €63k | €36k | ▼ 42.5% |
| Operating profit (loss)9901 | €29k | €22k | €31k | €63k | €36k | ▼ 42.6% |
| Financial income75/76B | - | - | - | - | €3k | - |
| Recurring financial income75 | - | - | - | - | €3k | - |
| Profit (loss) for the period before taxes9903 | €29k | €22k | €31k | €63k | €39k | ▼ 38.6% |
| Income taxes67/77 | €9k | €7k | €10k | €20k | €12k | ▼ 38.6% |
| Profit (loss) for the period9904 | €20k | €15k | €21k | €43k | €26k | ▼ 38.6% |
| Profit (loss) for the period to be appropriated9905 | €20k | €15k | €21k | €43k | €26k | ▼ 38.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59k | €74k | €96k | €141k | €165k | ▲ 17.6% |
| Current assets29/58 | €59k | €74k | €96k | €141k | €165k | ▲ 17.6% |
| Amounts receivable within one year40/41 | €2k | €2k | €2k | €5k | €3k | ▼ 40.4% |
| Trade receivables40 | - | €166 | - | - | - | - |
| Other amounts receivable41 | - | €1k | €2k | €5k | €3k | ▼ 40.4% |
| Cash at bank and in hand54/58 | €57k | €72k | €93k | €135k | €162k | ▲ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59k | €74k | €96k | €141k | €165k | ▲ 17.6% |
| Equity10/15 | €57k | €72k | €93k | €136k | €163k | ▲ 19.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €43k | €58k | €79k | €122k | €148k | ▲ 21.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €56k | €77k | €122k | €148k | ▲ 21.6% |
| Profit (loss) carried forward14 | €-4k | €-4k | €-4k | €-4k | €-4k | = |
| Amounts payable17/49 | €2k | €2k | €2k | €4k | €3k | ▼ 38.6% |
| Amounts payable within one year42/48 | €2k | €2k | €2k | €4k | €3k | ▼ 38.6% |
| Trade debts44 | €47 | €47 | - | - | - | - |
| Suppliers440/4 | - | €47 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €2k | €2k | €4k | €3k | ▼ 38.6% |
| Taxes450/3 | - | €2k | €2k | €4k | €3k | ▼ 38.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €15k | €21k | €43k | €26k | ▼ 38.6% |
| Operating cash flow (approximation) | €20k | €15k | €21k | €43k | €26k | ▼ 38.6% |
| Change in cash | - | €15k | €21k | €42k | €27k | ▼ 36.2% |
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
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €163k ▲19.3%
7 profitable years in a row build equity to €163k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €43k ▲105%
Operating result €63k, net result €43k, both a record.
31-12
Financial
Equity above €100kEq €136k ▲46%
6 profitable years in a row build equity to €136k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Kapellen · 1 establishment unit since 2016
Ground area
694 m²
Building footprint
180 m²
Volume, LiDAR
923 m³
Parcel 11362M0131/00E000, Flanders · tallest building 16.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MADAC
since 20162.248.786.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0131/00E000 | Flanders | 694 m² | 1 · 180 m² | 16.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,747 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.