MADELEINE
ActiveFor MADELEINE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €27k and a net result of €-664k. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 17% of 6143 sector peers (fiscal year 2023). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-61
Solvency37▼-51
Growth22▼-2
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
12.3%
Return on assets
-306.2%
Age of the figures
36 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline23-09-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 10-07-2024, 71 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
71 d late
2022
2 d early
2021
31 d early
2020
11 d early
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
€1.30M▼ 41.6%
2022 · €2.23M
2018: €3.15M
2019: €2.82M
2020: €3.15M
2021: €2.91M
2022: €2.23M
2018 → 2023
EBIT margin
-52.1%▼ 55.5pp
2022 · 3.4%
2018: 7.6%
2019: 7.8%
2020: 4.7%
2021: 4.8%
2022: 3.4%
2018 → 2023
Net result
€-664k
2022 · €51k
2018: €155k
2019: €143k
2020: €113k
2021: €100k
2022: €51k
2018 → 2023
Working capital
€36k▼ 95.0%
2022 · €721k
2018: €980k
2019: €740k
2020: €689k
2021: €679k
2022: €721k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€2.82M-€3.15M▲ 11.9%€2.91M▼ 7.8%€2.23M▼ 23.3%€1.30M▼ 41.6%
Equity€641k-€640k▼ 0.3%€640k=€691k▲ 8.0%€27k▼ 96.2%
Operating result€220k-€149k▼ 32.4%€139k▼ 6.7%€76k▼ 45.4%€-678k
Net result€143k-€113k▼ 20.9%€100k▼ 11.4%€51k▼ 49.1%€-664k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €678k after €76k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €217k
Fixed assets
€8k=
Current assets
€209k▼ 80.9%
Equity and liabilities €217k
Equity
€27k▼ 96.2%
Provisions
€5k▼ 82.3%
Debt
€185k▼ 51.6%
The debt ratio rises from 34.8% to 85.5%. Equity and debt are lower.
Key figures and ratios
Solvency
12.3%▼
2022 · 62.7%
Current ratio
1.21▼
2022 · 2.93
Quick ratio
1.21▼
2022 · 2.93
Debt / equity
6.98▲
2022 · 0.56
ROA
-306.2%▼
2022 · 4.6%
Debt
€185k▼
2022 · €384k
Debt ≤ 1 year
€173k▼
2022 · €373k
Income taxes
€0▼
2022 · €17k
A ratio outside any meaningful range has been withheld (balance sheet total €217k, equity €27k).
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€1.10M€217k▼
Fixed assets21/28€8k€8k=
Financial fixed assets28€8k€8k=
Other financial fixed assets284/8€8k€8k=
Amounts receivable and cash guarantees285/8€8k€8k=
Current assets29/58€1.09M€209k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€1.03M€79k▼
Trade receivables40€42k€21k▼
Other amounts receivable41€988k€58k▼
Cash at bank and in hand54/58€61k€127k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€217k▼
Equity10/15€691k€27k▼
Contributions10/11€600k€600k=
Reserves13€39k€39k=
Non-distributable reserves130/1€39k€39k=
Reserves not available under the articles1311€39k€39k=
Profit (loss) carried forward14€52k€-612k▼
Provisions and deferred taxes16€27k€5k▼
Provisions for liabilities and charges160/5€27k€5k▼
Other liabilities and charges164/5€27k€5k▼
Amounts payable17/49€384k€185k▼
Amounts payable within one year42/48€373k€173k▼
Trade debts44€347k€163k▼
Suppliers440/4€347k€163k▼
Taxes, remuneration and social security45€27k€10k▼
Taxes450/3€27k€10k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€10k€13k▲
Income statement
Code20222023
Operating income70/76A€2.29M€1.34M▼
Turnover70€2.23M€1.30M▼
Other operating income74€59k€39k▼
Non-recurring operating income76A€42€0▼
Operating charges60/66A€2.21M€2.02M▼
Goods for resale, raw materials and consumables60€697k€681k▼
Purchases600/8€697k€681k▼
Services and other goods61€1.52M€630k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k€724k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-10k€-23k▼
Other operating charges640/8€6k€6k▼
Non-recurring operating charges66A€125€0▼
Operating profit (loss)9901€76k€-678k▼
Financial income75/76B€476€19k▲
Recurring financial income75€476€19k▲
Other financial income752/9€476€19k▲
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Other financial charges652/9€8k€5k▼
Profit (loss) for the period before taxes9903€68k€-664k▼
Income taxes67/77€17k€0▼
Taxes670/3€17k€0▼
Profit (loss) for the period9904€51k€-664k▼
Profit (loss) for the period to be appropriated9905€51k€-664k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€-612k▼
Profit (loss) brought forward from the previous period14P€1k€52k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (33 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 71 days late
2023
30-09
Financial
Weakest financial yearnet €-664k ▼1403%
Net result drops to €-664k, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 34 days late
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Asse · 1 establishment unit since 2008
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.
Gentsesteenweg 641730 AsseGround area
6,402 m²
Building footprint
3,530 m²
Volume, LiDAR
27,263 m³
2 parcels, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Z. 5 Mollem 392, 1730 Asse
since 20082.176.144.421
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053B0228/00E002indicative | Flanders | 6,140 m² | 1 · 3,330 m² | 9.9 m · 3 fl. |
| 23002K0213/00F000 | Flanders | 261 m² | 1 · 200 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,311 companies in sector 46423 we hold annual accounts for 812. 454 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2008
Fiscal year end30-09
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
47711Retail sale of women's outerwear
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.