MADAREX
ActiveThe computed 12-month bankruptcy probability of MADAREX is 2.3% (moderate). The 2025 annual accounts show equity of €16k and a net result of €-2k. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 10253 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▲+3
Solvency100=
Growth58=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
cash: 9.5% of total assets, and 0% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
-13.7%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-12-2025, 38 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
38 d early
2024
50 d early
2023
62 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€16k▼ 12.0%
2024 · €18k
2023: €21k
2024: €18k
2023 → 2025
Total assets
€16k▼ 12.9%
2024 · €19k
2023: €21k
2024: €19k
2023 → 2025
Net result
€-2k▲ 21.6%
2024 · €-3k
2023: €-4k
2024: €-3k
2023 → 2025
Working capital
€18k
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€21k-€18k▼ 13.3%€16k▼ 12.0%
Operating result€-4k-€-3k▲ 22.4%€-2k▲ 22.3%
Net result€-4k-€-3k▲ 23.0%€-2k▲ 21.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €3k in 2024; the loss shrinks.
Key figures and ratios
Solvency
100.0%▲
2024 · 99.0%
ROE
-13.7%▲
2024 · -15.4%
ROA
-13.7%▲
2024 · -15.2%
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€19k€16k▼
Current assets29/58€19k€16k▼
Amounts receivable within one year40/41€18k€15k▼
Other amounts receivable41€18k€15k▼
Cash at bank and in hand54/58€459€2k▲
Equity and liabilities
Total equity and liabilities10/49€19k€16k▼
Equity10/15€18k€16k▼
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-7k€-9k▼
Amounts payable17/49€179-
Amounts payable within one year42/48€179-
Trade debts44€179-
Suppliers440/4€179-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€527€120▼
Gross operating margin9900€-2k€-2k▲
Operating profit (loss)9901€-3k€-2k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€65€71▲
Recurring financial charges65€65€71▲
Profit (loss) for the period before taxes9903€-3k€-2k▲
Profit (loss) for the period9904€-3k€-2k▲
Profit (loss) for the period to be appropriated9905€-3k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-9k▼
Profit (loss) brought forward from the previous period14P€-4k€-7k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
NBB filing
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, Schilde · 1 establishment unit since 2022
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.
Baron Delbekelaan 322970 SchildeGround area
2,501 m²
Building footprint
120 m²
Volume, LiDAR
682 m³
Parcel 11039A0357/00D003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MADAREX
since 20222.326.192.038
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0357/00D003 | Flanders | 2,501 m² | 1 · 120 m² | 8.0 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.
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DELUY
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Of 12,979 companies in sector 47120 we hold annual accounts for 2,186. 1,352 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2022
Fiscal year end30-06
Activities, NACEBEL
47120Other non-specialised retail sale
47910Retail trade
46442Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.