MADANI AH
Open bankruptcyA bankruptcy procedure is open for MADANI AH according to publications in the Belgian State Gazette; curator: GAUTIER PIRARD. The 2024 annual accounts show negative equity (€-2k) and a net result of €-12k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-2k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
not confirmed
2024
31 d late
2023
31 d late
2022
57 d late
2021
147 d late
2020
67 d late
2019
305 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€10k▼ 28.9%
2020 · €13k
2019: €27k
2020: €13k
2019 → 2021
EBIT margin
81.4%▲ 81.0pp
2020 · 0.4%
2019: -0.2%
2020: 0.4%
2019 → 2021
Net result
€-12k▼ 18,942%
2023 · €-64
2018: €6k
2019: €-178
2020: €59
2021: €8k
2023: €-64
2018 → 2024
Working capital
€-2k
2023 · €10k
2018: €-5k
2019: €-5k
2020: €-5k
2021: €3k
2022: €10k
2023: €10k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€13k-€10k▼ 28.9%
Equity€-5k-€3k€10k▲ 256%€10k▼ 0.6%€-2k
Operating result€59-€8k▲ 13,132%€-64€-50▲ 21.6%
Net result€59-€8k▲ 13,131%€-64€-12k▼ 18,942%
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 €50 in 2024 against €64 in 2023; the loss shrinks.
Key figures and ratios
Solvency
-15.5%▼
2023 · 61.7%
Current ratio
0.87▼
2023 · 2.61
Quick ratio
0.87▼
2023 · 2.61
Debt / equity
-7.47▼
2023 · 0.62
ROA
-97.8%▼
2023 · -0.4%
Debt
€14k▲
2023 · €6k
Debt ≤ 1 year
€14k▲
2023 · €6k
Income taxes
€12k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€17k€12k▼
Current assets29/58€17k€12k▼
Amounts receivable within one year40/41€13k€12k▼
Other amounts receivable41€13k€12k▼
Cash at bank and in hand54/58€4k€17▼
Equity and liabilities
Total equity and liabilities10/49€17k€12k▼
Equity10/15€10k€-2k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-8k€-21k▼
Amounts payable17/49€6k€14k▲
Amounts payable within one year42/48€6k€14k▲
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Other amounts payable47/48€3k€3k▲
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€64-
Other operating charges640/8-€50
Gross operating margin9900€-64€0▲
Operating profit (loss)9901€-64€-50▲
Financial charges65/66B-€92
Recurring financial charges65-€92
Profit (loss) for the period before taxes9903€-64€-142▼
Income taxes67/77-€12k
Profit (loss) for the period9904€-64€-12k▼
Profit (loss) for the period to be appropriated9905€-64€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-21k▼
Profit (loss) brought forward from the previous period14P€-8k€-8k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL MADANI AH RUE DE L’ETOILE 29/8, 1180 UCCLE · event 26-01-2026
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
25-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 147 days late
2021
31-12
Financial
Highest result since 2018net €8k ▲13131%
Operating result €8k, net result €8k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.34
Current ratio from 0.38 to 1.34.
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
01-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 305 days late
2020
31-12
Financial
Back to profitnet €59
Net result €59 after one loss-making year.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Ukkel
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.
Sterstraat 291180 UkkelGround area
278 m²
Building footprint
217 m²
Volume, LiDAR
2,884 m³
Parcel 21616G0232/00F000, Brussels · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0232/00F000 | Brussels | 278 m² | 1 · 217 m² | 16.0 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GAUTIER PIRARD AVENUE FRANKLIN ROOSE-
VELT 51, 1050 IXELLES |
26-01-2026 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-12-2012
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.