Turnover
≈ €370,000 estimated
The micro format states no turnover.
Madek
Lifetime
2 annual accounts with figures on one time axispeak €95,152 (2025)
€95,152▲ 261%
peak €6,892 (2024)
€6,162▼ 10.6%
peak €18,054 (2025)
€18,054▲ 51.8%
€327,100▲ 1.6%
Board1 name since 2024
1 director
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €26,350 to €95,152Equity from €11,892 to €18,054Cash from €3,188 to €1,144
Key points
from the 2025 annual accountsDebts
€327,100 95% of the balance sheet
Financial debts 32%Suppliers 17%Taxes and wages 1%Other 49%
Of this, €94,127 falls due within a year.
Position in the sector
5.2%
Lower solvency than 88% of companies in specialised construction. Sector median 46.8% · 37,240 companies.
2025 accounts filed 30 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,136 companies had the same profile as Madek has now. Each dot stands for 6 companies, two years later.
92.0%
were still trading
2.4%
stopped another way
5.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,136 companies, not a prediction for Madek. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011719995
Incorporation
Founding capital of €5,000, 5,000 shares · Founder: · Appointment: (statutory director) · published on 22-07-2024 · Gazette deed
First establishment
Baron Ruzettelaan 109, Bruges
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Madek Bruges | €345,154 | €95,152 | 5.2% | - |
| Immo Verschueren Sint-Lievens-Houtem | €374,228 | €83,389 | 74.8% | - |
| ASW Halle | €288,159 | €116,320 | 57.1% | - |
| THERMOMATTE Wezembeek-Oppem | €275,256 | €98,901 | 72.8% | - |
| Wille-TECHNICS Aalter | €308,083 | €126,923 | 11.2% | 1.1 |
| BTNS Leuven | €325,362 | €143,765 | 57.1% | - |
| JDeprez Ravels | €278,388 | €75,412 | 43.1% | - |
These companies have the same main activity as Madek: plumbing work (NACE 43221). They are comparable in size and age: total assets between €275,000 and €374,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 18-07-2024Normal situation
- Activity
- Plumbing workNACE 43221and 1 other
- Establishment unit
- 2.362.148.1568310 Bruges, since 18-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2025
Insights on Madek
The 2025 annual accounts show equity of €18,054 and a net result of €6,162. Its solvency ranks better than 11% of 37,240 sector peers (NACE 43, financial year 2025).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Madek
- What is the company number of Madek?
- The company number of Madek is 1011.719.995. The VAT number is the same number with BE in front: BE 1011.719.995.
- Where is Madek based?
- The registered office is at Baron Ruzettelaan 109, 8310 Bruges.Company details
- What does Madek do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of Madek?
- Madek is a private limited company (BV).
- When was Madek founded?
- Madek was founded on 18-07-2024.
- Is Madek still active?
- Yes, Madek is an active enterprise in the KBO register.
- What is the turnover of Madek?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €95,152 and 116 comparable companies (NACE 432). It probably lies between €270,000 and €540,000.Financials
- Is Madek profitable?
- In financial year 2025, Madek made a profit of €6,162.
- Where can I find the annual accounts of Madek?
- Madek filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Madek due?
- Madek must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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