MADE BY DAVE

Active

Private limited companyfounded 20223 yrs activeAvenue du Monde 17, 1400 Nivelles, BelgiumKBO/BCE: BE 0791.537.915

The computed 12-month bankruptcy probability of MADE BY DAVE is 2.2% (moderate). The 2025 annual accounts show equity of €84k and a net result of €2k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 91% of 7331 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

77 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability71▼-27

Solvency100=

Growth52=

Track record94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 9.16 against 7.55 in 2024; short-term debt: 9.8% and cash: 69.2% of total assets), and 15.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

84.2%

Return on assets

1.8%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

80 d early

2024

49 d early

2023

50 d early

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€84k▲ 2.1%

2024 · €82k

2023: €58k 2024: €82k

2023 → 2025

Total assets

€100k▼ 4.1%

2024 · €104k

2023: €91k 2024: €104k

2023 → 2025

Net result

€2k▼ 92.9%

2024 · €25k

2023: €55k 2024: €25k

2023 → 2025

Working capital

€80k▲ 8.3%

2024 · €74k

2023: €47k 2024: €74k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€58k-€82k▲ 42.9%€84k▲ 2.1%

Operating result€71k-€35k▼ 51.4%€1k▼ 96.5%

Net result€55k-€25k▼ 54.7%€2k▼ 92.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 97% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €100k

10%

90.1%

Fixed assets €10k▼ 47.5%

Current assets €90k▲ 5.5%

Equity and liabilities €100k

84.2%

15.8%

Equity €84k▲ 2.1%

Debt €16k▼ 27.6%

The debt ratio falls from 20.9% to 15.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€13k▼

2024 · €45k

Cash flow

€13k▼

2024 · €35k

Solvency

84.2%▲

2024 · 79.1%

Current ratio

9.16▲

2024 · 7.55

Quick ratio

9.16▲

2024 · 7.55

Debt / equity

0.19▼

2024 · 0.26

ROE

2.1%▼

2024 · 30.0%

ROA

1.8%▼

2024 · 23.7%

Interest coverage

15.45▼

2024 · 30.18

Debt

€16k▼

2024 · €22k

Debt ≤ 1 year

€10k▼

2024 · €11k

Debt > 1 year

€6k▼

2024 · €10k

Income taxes

€-942▼

2024 · €8k

Staff costs

€5k▼

2024 · €6k

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€104k€100k▼

Fixed assets21/28€19k€10k▼

Tangible fixed assets22/27€19k€10k▼

Plant, machinery and equipment23€6k€773▼

Furniture and vehicles24€770€2k▲

Leasing and similar rights25€12k€7k▼

Current assets29/58€85k€90k▲

Amounts receivable within one year40/41€10k€15k▲

Trade receivables40-€7k

Other amounts receivable41€10k€8k▼

Cash at bank and in hand54/58€72k€69k▼

Deferred charges and accrued income490/1€4k€6k▲

Equity and liabilities

Total equity and liabilities10/49€104k€100k▼

Equity10/15€82k€84k▲

Contributions10/11€3k€3k=

Reserves13€79k€81k▲

Distributable reserves133€79k€81k▲

Amounts payable17/49€22k€16k▼

Amounts payable after more than one year17€10k€6k▼

Financial debts170/4€10k€6k▼

Amounts payable within one year42/48€11k€10k▼

Current portion of amounts payable after more than one year42€8k€5k▼

Trade debts44€3k€5k▲

Suppliers440/4€3k€5k▲

Taxes, remuneration and social security45€313€621▲

Taxes450/3€274€528▲

Remuneration and social security454/9€40€93▲

Income statement Code20242025

Remuneration, social security and pensions62€6k€5k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲

Other operating charges640/8€128€574▲

Gross operating margin9900€52k€18k▼

Operating profit (loss)9901€35k€1k▼

Financial income75/76B€42€430▲

Recurring financial income75€42€430▲

Financial charges65/66B€2k€822▼

Recurring financial charges65€2k€822▼

Profit (loss) for the period before taxes9903€33k€810▼

Income taxes67/77€8k€-942▼

Profit (loss) for the period9904€25k€2k▼

Profit (loss) for the period to be appropriated9905€25k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€25k€2k▼

Transfer to equity691/2€25k€2k▼

To other reserves6921€25k€2k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

12-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €2k ▼92.9%

Net result drops to €2k, the lowest in the series.

12-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

11-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Nivelles · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Avenue du Monde 171400 Nivelles

Ground area

1.5 ha

Building footprint

355 m²

Volume, LiDAR

6,049 m³

Parcel 25783F0246/00F000, Wallonia · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

MADE BY DAVE

Avenue du Monde 17, 1400 NivellesManufacture of other builders' carpentry and joinery

since 20222.336.144.238

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25783F0246/00F000	Wallonia	1.5 ha	1 · 355 m²	22.5 m · 6 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.

Similar companies · same sector, comparable size

Colfontaine · Eq €84k

AMARANTE

BE 0841.469.852

Braine-le-Château · Eq €84k

Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 13,160 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-09-2022

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

43990Other specialised construction activities

43995Specialised construction activities

41002Construction of residential and non-residential buildings

41003General construction of other non-residential buildings

43211General electrical installation work

43222Installation of electric heating, air conditioning, cooling and ventilation

43410Roofing work

43994Specialised construction activities

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.