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MADAREST

Active
Private limited companyfounded 1984active for 42 yearsRue Joseph Wauters 145, 6150 Anderlues, BelgiumKBO/BCE: BE 0425.846.331
Summary

MADAREST has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €666,538. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 45% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 07-06-1984 Normal situation
Activity
Manufacture of food products NACE 10730
Joint committees
118 Paritair Comité voor de voedingsnijverheid
220 Paritair Comité voor de bedienden uit de voedingsnijverheid · annual accounts 2025
Establishment units
2.024.833.725 6150 Anderlues, since 01-07-1984
2.395.120.832 6150 Anderlues, since 01-01-2025
Financial year end
31 December
Peppol
Reachable since 03-10-2025

Board and ownership

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€2.7m
▲ 12.4%
Turnover
≈ €4.6m
estimated
Profit
€666,538
▲ 9.2%
Equity
€1.4m
▲ 4.9%
Total assets
€4.0m
▲ 18.9%
Employees on 31-12-2025
25
=
  • 2025 accounts filed 7 days after the deadline
Filed on 07-08-2026
Score breakdownraises riskSector: Manufacture of food products (NACE 10)lowers riskFounded in 1984Liquidity: current ratio 1.31, cash €1.8mSize: 24.6 FTE, total assets €4.0mShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of small companies in food products (NACE 10)
Financial strength · tick: 2024
Strong
Solvency 61-5
equity 35.8% of total assets
Liquidity 73-2
short-term debt 53.8% · cash 45.5%
Profitability 90+1
return on assets 16.7%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (630 companies, NACE 10, small)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.2%▼ -0.2 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (1.42 in 2024), below the usual 1.5. Short-term debt is 53.8% and cash 45.5% of total assets. 64.2% of the assets are financed with debt and provisions.
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 10, small). It does better than 49% of them on solvency, 89% on liquidity, 89% on profitability and 50% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1984
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 1.31, cash €1.8m
NBB · annual accounts
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
lowers risk · Size: 24.6 FTE, total assets €4.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 7 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 10 filings
Deviation from the deadline
2025
7 days late
2024
27 days late
2023
30 days late
2022
31 days late
2021
31 days late
2020
24 days late
2019
25 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 25 days after the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% 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 (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 5th largest employer in Anderluesin the Checked rankings No. 5 View
  • Positive: 8 profitable years in a rowprofit 2025: €666,538 8 years View

Recent changes

  1. · Gazette deed Resignations & appointmentsReappointment: LUISE Silvio (director) · Appointments: LUISE Sara Silvia Marie-Valentine (director) and LUISE Sabrina Gennara Raffaela (director)
All 14 events

Comparable companies

These companies have the same main activity as MADAREST: manufacture of food products (NACE 10730). They are comparable in size and age: total assets between €2.9m and €7.2m, founded between 1980 and 2006.

CompanyTotal assetsGross margin
MADAREST Anderlues€4.0m€2.7m
PASTIFICIO DELLA MAMMA Herstal€6.5m€2.4m
L'ARTISANE FOOD Courcelles€3.2m€3.2m
GEAL Brugge€5.8m€1.8m
ALGI Wavre€7.2m€1.0m
L ARTISAN GOURMET Manage€3.8m€2.2m
HD BAKERY GROUP Braine-le-Château€2.9m€1.4m
Full comparison

Key facts about MADAREST

What is the company number of MADAREST?
The company number of MADAREST is 0425.846.331. The VAT number is the same number with BE in front: BE 0425.846.331.
Where is MADAREST based?
The registered office is at Rue Joseph Wauters 145, 6150 Anderlues.Company details
What does MADAREST do?
According to the KBO register, the main activity is manufacture of food products (NACE 10730).
What is the legal form of MADAREST?
The legal form of MADAREST is Private limited company (BV).
When was MADAREST founded?
MADAREST was founded on 07-06-1984.
Is MADAREST still active?
Yes, MADAREST is an active enterprise in the KBO register.
How many employees does MADAREST have?
MADAREST had an average of 24.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does MADAREST fall under?
In its 2025 annual accounts, MADAREST states joint committees 118 (Paritair Comité voor de voedingsnijverheid) and 220 (Paritair Comité voor de bedienden uit de voedingsnijverheid).
What is the turnover of MADAREST?
The turnover in financial year 2025 is ≈ €4.6m. This figure is estimated from the gross margin of €2.7m and 1,586 comparable companies of the same size. It probably lies between €3.1m and €7.6m. It is a rough estimate. In financial year 2024 turnover was €6.7m.
Is MADAREST profitable?
In financial year 2025, MADAREST made a profit of €666,538.
Where can I find the annual accounts of MADAREST?
MADAREST filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MADAREST due?
MADAREST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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