MaDec
ActiveSummary
MaDec has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €31k. Equity is growing by ~40% per year across the filed fiscal years. Its solvency ranks better than 39% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+3
Solvency67▲+1
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.08 in 2024; short-term debt: 57.6% and cash: 17.3% of total assets), and 57.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-10-2025, 16 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
16 d early
2024
3 d early
2023
15 d early
2022
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€27k▲ 25.4%
2024 · €21k
2022: €9k
2023: €9k
2024: €21k
2022 → 2025
Total assets
€63k▲ 21.6%
2024 · €52k
2022: €73k
2023: €62k
2024: €52k
2022 → 2025
Net result
€31k▲ 157%
2024 · €12k
2022: €7k
2023: €1k
2024: €12k
2022 → 2025
Working capital
€4k▲ 113%
2024 · €2k
2022: €-7k
2023: €-8k
2024: €2k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€9k-€9k▲ 7.9%€21k▲ 126%€27k▲ 25.4%
Operating result€9k-€4k▼ 49.4%€18k▲ 308%€39k▲ 121%
Net result€7k-€1k▼ 78.0%€12k▲ 703%€31k▲ 157%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 121% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€23k ▼ 15.7%
Current assets
€41k ▲ 62.0%
Equity and liabilities €63k
Equity
€27k ▲ 25.4%
Debt
€37k ▲ 19.0%
Debt's share of the balance-sheet total falls from 58.9% to 57.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▲
2024 · €28k
Cash flow
€35k▲
2024 · €22k
Current ratio
1.11▲
2024 · 1.08
Quick ratio
0.93▲
2024 · 0.83
Debt to equity
1.36▼
2024 · 1.43
ROE
114.3%▲
2024 · 55.8%
ROA
48.4%▲
2024 · 22.9%
Interest coverage
129.54▲
2024 · 75.04
Debt ≤ 1 year
€37k▲
2024 · €23k
Debt > 1 year
€0▼
2024 · €8k
Income taxes
€8k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€52k€63k▲
Fixed assets21/28€27k€23k▼
Tangible fixed assets22/27€27k€23k▼
Plant, machinery and equipment23€26k€23k▼
Furniture and vehicles24€712€0▼
Current assets29/58€25k€41k▲
Stocks and contracts in progress3€6k€7k▲
Stocks30/36€6k€7k▲
Amounts receivable within one year40/41€17k€22k▲
Trade receivables40€17k€19k▲
Other amounts receivable41€145€2k▲
Cash at bank and in hand54/58€617€11k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€52k€63k▲
Equity10/15€21k€27k▲
Contributions10/11€2k€2k=
Reserves13€19k€25k▲
Distributable reserves133€19k€25k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€31k€37k▲
Amounts payable after more than one year17€8k€0▼
Financial debts170/4€8k€0▼
Amounts payable within one year42/48€23k€37k▲
Current portion of amounts payable after more than one year42€12k€9k▼
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€3k€23k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€4k▼
Other operating charges640/8€1k€964▼
Gross operating margin9900€29k€44k▲
Operating profit (loss)9901€18k€39k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€372€334▼
Recurring financial charges65€372€334▼
Profit (loss) for the period before taxes9903€17k€39k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€12k€31k▲
Profit (loss) for the period to be appropriated9905€12k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€31k▲
Transfer from equity791/2-€19k
Transfer to equity691/2€12k€25k▲
To other reserves6921€12k€25k▲
Profit to be distributed694/7€0€25k▲
Return on contributions (dividend)694€0€20k▲
Directors or managers695-€5k
The notes to these accounts (5 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
15-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2022net €31k ▲157%
Operating result €39k, net result €31k, both a record.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €1k ▼78%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Moorslede · 2 establishment units since 2021
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.
Korenwind 488890 MoorsledeGround area
997 m²
Building footprint
246 m²
Volume, LiDAR
1,784 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
MaDec
since 20212.315.628.144
Plumaris
since 20262.393.905.065
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012A1765/00B004 | Flanders | 669 m² | 1 · 114 m² | 10.2 m · 3 fl. |
| 36012F0113/00G000 | Flanders | 328 m² | 1 · 132 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 147 EUR awarded · 147 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 147 EUR | 147 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
EXTERNA
BE 0472.906.276
Alken · Eq €26,891
Mountain Constructions
BE 0784.846.794
Gent · Eq €26,896
ENVIROBOUW
BE 0553.748.353
Namur · Eq €26,877
ATRUFIN
BE 1005.341.157
Kortenberg · Eq €26,872
SINIA SERVICES
BE 0846.357.365
Sint-Lievens-Houtem · Eq €26,866
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 33,520 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2021
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
01480Raising of other animals
47762Retail sale of pets, pet food and pet supplies
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.