Maddy Riga
ActiveMaddy Riga has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €51k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 1008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +33 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+62
Solvency68▲+30
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.75 in 2024), and 55.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 2025Solvency, return and age of the figures
Solvency
44.4%
Return on assets
18.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
44 d early
2023
57 d early
2022
26 d early
2021
45 d early
2020
36 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€51k▲ 768%
2024 · €6k
2018: €22k
2019: €22k
2020: €33k
2021: €37k
2022: €58k
2023: €-18k
2024: €6k
2018 → 2025
Working capital
€7k
2024 · €-33k
2018: €50k
2019: €51k
2020: €86k
2021: €103k
2022: €115k
2023: €71k
2024: €-33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€169k-€194k▲ 14.9%€176k▼ 9.3%€79k▼ 55.3%€126k▲ 59.7%
Operating result€59k-€81k▲ 36.8%€101k▲ 24.3%€17k▼ 82.7%€82k▲ 372%
Net result€37k-€58k▲ 56.6%€-18k€6k€51k▲ 768%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 372% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €283k
Fixed assets
€157k▼ 15.1%
Current assets
€126k▲ 28.7%
Equity and liabilities €283k
Equity
€126k▲ 59.7%
Debt
€157k▼ 23.0%
The debt ratio falls from 72.2% to 55.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€119k▲
2024 · €56k
Cash flow
€88k▲
2024 · €45k
Solvency
44.4%▲
2024 · 27.8%
Current ratio
1.06▲
2024 · 0.75
Quick ratio
1.06▲
2024 · 0.75
Debt / equity
1.25▼
2024 · 2.59
ROE
40.8%▲
2024 · 7.5%
ROA
18.1%▲
2024 · 2.1%
Interest coverage
18.48▲
2024 · 6.38
Debt
€157k▼
2024 · €204k
Debt ≤ 1 year
€119k▼
2024 · €131k
Debt > 1 year
€39k▼
2024 · €69k
Income taxes
€25k▲
2024 · €4k
Staff costs
€111k▲
2024 · €102k
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€283k€283k=
Fixed assets21/28€185k€157k▼
Tangible fixed assets22/27€184k€156k▼
Land and buildings22€120k€115k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€59k€39k▼
Financial fixed assets28€550€550=
Current assets29/58€98k€126k▲
Amounts receivable within one year40/41€40k€20k▼
Trade receivables40€35k€20k▼
Other amounts receivable41€5k€318▼
Cash at bank and in hand54/58€55k€104k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€283k€283k=
Equity10/15€79k€126k▲
Contributions10/11€8k€8k=
Capital10€8k€8k=
Issued capital100€8k€8k=
Reserves13€9k€9k=
Tax-exempt reserves132€9k€9k=
Profit (loss) carried forward14€62k€109k▲
Amounts payable17/49€204k€157k▼
Amounts payable after more than one year17€69k€39k▼
Financial debts170/4€69k€39k▼
Amounts payable within one year42/48€131k€119k▼
Current portion of amounts payable after more than one year42€54k€42k▼
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€26k€36k▲
Taxes450/3€13k€20k▲
Remuneration and social security454/9€13k€16k▲
Other amounts payable47/48€48k€39k▼
Accrued charges and deferred income492/3€5k-
Income statement
Code20242025
Remuneration, social security and pensions62€102k€111k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€36k▼
Other operating charges640/8€16k€5k▼
Non-recurring operating charges66A-€304
Gross operating margin9900€175k€235k▲
Operating profit (loss)9901€17k€82k▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€10k€76k▲
Income taxes67/77€4k€25k▲
Profit (loss) for the period9904€6k€51k▲
Profit (loss) for the period to be appropriated9905€6k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€113k▲
Profit (loss) brought forward from the previous period14P€59k€62k▲
Transfer from equity791/2€100k-
Profit to be distributed694/7€103k€4k▼
Return on contributions (dividend)694€100k-
Employees696€3k€4k▲
The notes to these accounts (12 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
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €100kEq €126k ▲59.7%
2 profitable years in a row build equity to €126k.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-18k ▼131%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €58k ▲56.6%
Net result €58k, the highest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €154k ▲21.9%
3 profitable years in a row build equity to €154k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wavre · 4 establishment units since 1998
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.
Chaussée d'Ottenbourg 1411300 WavreGround area
6,319 m²
Building footprint
590 m²
Volume, LiDAR
2,815 m³
4 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
Chaussée d'Ottenbourg 141, 1300 Wavre
since 19982.087.013.101
Maddy Riga
since 20072.164.795.619
MADDY RIGA
since 20182.279.284.125
Maddy Riga
since 20222.326.485.909
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84050A0904/00E002 | Wallonia | 3,652 m² | 1 · 142 m² | 10.6 m · 3 fl. |
| 25112D0185/00G002 | Wallonia | 1,189 m² | 1 · 159 m² | 8.5 m · 2 fl. |
| 55019A0066/00T000 | Wallonia | 1,081 m² | 1 · 144 m² | - |
| 25006C0114/00T000 | Wallonia | 396 m² | 1 · 145 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900J09Z7TB19HZ177
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Of 12,175 companies in sector 69201 we hold annual accounts for 7,639. 6,534 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-05-1998
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 28 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.