MADAFISC
ActiveSummary
MADAFISC has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €413k and a net result of €48k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.7 against 4.18 in 2023; short-term debt: 15.5% and cash: 41% of total assets), and 18.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Sector 69
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
81.7%
Return on assets
9.5%
Age of the figures
21 mo
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
35 d early
2021
34 d early
2020
33 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€413k▲ 12.9%
2023 · €366k
2018: €207k
2019: €243k
2020: €267k
2021: €301k
2022: €315k
2023: €366k
2018 → 2024
Total assets
€506k▲ 7.7%
2023 · €469k
2018: €363k
2019: €400k
2020: €397k
2021: €432k
2022: €424k
2023: €469k
2018 → 2024
Net result
€48k▼ 16.8%
2023 · €58k
2018: €43k
2019: €50k
2020: €26k
2021: €36k
2022: €31k
2023: €58k
2018 → 2024
Working capital
€289k▲ 16.6%
2023 · €248k
2018: €78k
2019: €111k
2020: €133k
2021: €162k
2022: €199k
2023: €248k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€267k-€301k▲ 12.7%€315k▲ 4.6%€366k▲ 16.3%€413k▲ 12.9%
Operating result€40k-€55k▲ 35.0%€48k▼ 12.0%€85k▲ 76.3%€68k▼ 19.6%
Net result€26k-€36k▲ 36.2%€31k▼ 12.4%€58k▲ 85.8%€48k▼ 16.8%
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 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €506k
Fixed assets
€138k ▼ 3.7%
Current assets
€368k ▲ 12.7%
Equity and liabilities €506k
Equity
€413k ▲ 12.9%
Debt
€92k ▼ 10.7%
Debt's share of the balance-sheet total falls from 22.0% to 18.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88k▼
2023 · €102k
Cash flow
€68k▼
2023 · €75k
Current ratio
4.70▲
2023 · 4.18
Debt to equity
0.22▼
2023 · 0.28
ROE
11.6%▼
2023 · 15.8%
ROA
9.5%▼
2023 · 12.3%
Interest coverage
13.15▼
2023 · 15.11
Debt ≤ 1 year
€78k▲
2023 · €78k
Debt > 1 year
€12k▼
2023 · €24k
Income taxes
€19k▼
2023 · €23k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€469k€506k▲
Fixed assets21/28€143k€138k▼
Tangible fixed assets22/27€143k€138k▼
Land and buildings22€117k€109k▼
Furniture and vehicles24€11k€16k▲
Other tangible fixed assets26€16k€12k▼
Financial fixed assets28€10€10=
Current assets29/58€326k€368k▲
Amounts receivable within one year40/41€9k€7k▼
Trade receivables40€9k€7k▼
Current investments50/53-€150k
Cash at bank and in hand54/58€317k€207k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€469k€506k▲
Equity10/15€366k€413k▲
Contributions10/11€1k€1k=
Reserves13€361k€409k▲
Distributable reserves133€361k€409k▲
Profit (loss) carried forward14€4k€4k=
Amounts payable17/49€103k€92k▼
Amounts payable after more than one year17€24k€12k▼
Financial debts170/4€24k€12k▼
Amounts payable within one year42/48€78k€78k▲
Current portion of amounts payable after more than one year42€12k€12k=
Trade debts44€5k€11k▲
Suppliers440/4€5k€11k▲
Taxes, remuneration and social security45€25k€37k▲
Taxes450/3€23k€26k▲
Remuneration and social security454/9€2k€11k▲
Other amounts payable47/48€36k€18k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€20k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€106k€92k▼
Operating profit (loss)9901€85k€68k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€81k€67k▼
Income taxes67/77€23k€19k▼
Profit (loss) for the period9904€58k€48k▼
Profit (loss) for the period to be appropriated9905€58k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€52k▼
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer from equity791/2€7k-
Transfer to equity691/2€58k€47k▼
To other reserves6921€58k€47k▼
Profit to be distributed694/7€7k€833▼
Return on contributions (dividend)694€7k€833▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €58k ▲85.8%
Operating result €85k, net result €58k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €26k ▼47.6%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Hooglede · 1 establishment unit since 2006
Ground area
399 m²
Building footprint
101 m²
Volume, LiDAR
492 m³
Parcel 36006D0119/00R002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MADAFISC
since 20062.223.402.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36006D0119/00R002 | Flanders | 399 m² | 1 · 101 m² | 8.2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 68 EUR awarded · 68 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 68 EUR | 68 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,730 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@madafisc.be
Phone:0476/60.78.86