MADEMA

Active

Private limited companyfounded 2006active for 20 yearsNachtegaalstraat(STE) 41A, 9190 Stekene, BelgiumKBO/BCE: BE 0884.246.555

Summary

MADEMA has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,250 and a net result of €1,556. Equity is shrinking by about 6.2% per year across the filed financial years. Its solvency ranks better than 25% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow Report Compare

MADEMAActiveChecked score 68/100

Risk analysis Report Compare

Activity

Joinery installation

NACE 43320

1 site

Size

≈ €210,000turnover 2025, estimated

Equity: €23,250
Profit: €1,556

Turnover estimated from the gross margin

Financial health

68 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.7%

Structure

DE MAEYER ÜlkeDirector
MARTENS IvanDirector

2025 accounts 16 days early1 of 3 deeds summarised

Why 68raises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.57lowers riskSize: total assets €101,083Founded in 2006Show the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 36% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 48+7

equity 23.0% of total assets

Liquidity 52+10

short-term debt 48.4%

Profitability 42-39

return on assets 1.5%

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,658 companies, NACE 43, micro)

Last 24 months 11-2024: 1.4%highest value 12-2024: 1.4%● unchanged vs 11-2024 01-2025: 0.8%▼ -0.6 percentage points vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 1.0%▲ +0.2 percentage points vs 12-2025 02-2026: 0.7%▼ -0.3 percentage points vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026lowest value 09-2026: 0.7%● unchanged vs 08-2026lowest value 10-2026: 0.7%● unchanged vs 09-2026

Credit of up to €1,500 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.57, compared with 0.6 in 2024, below 1; short-term debt: 48.4% of total assets), and 77% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 25% on solvency, 47% on liquidity, 21% on profitability and 50% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises riskneutral

Size: total assets €101,083

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2006

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Specialised construction activities (NACE 43)

KBO

Liquidity: current ratio 0.57

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 34747 sector peers (2025).

NBB · sector comparison

Position among 34747 sector peers

Solvency

better than 25%

← weakest strongest →

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year €23,250

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

16 days early

2024

46 days early

2023

48 days early

2022

40 days early

2021

41 days early

2020

31 days early

2019

on the day

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 December (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end28-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

15-01-2026 Annual accounts filedfinancial year 2025 · micro…
16-12-2024 Annual accounts filedfinancial year 2024 · micro…
30-06-2024 Back to profitnet €13,075

Key points

Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Board2 directors in office 2 View
Total assets 20256 financial years filed €101,083 View

By topic

Financials

Financial year: 2025
Total assets: €101,083
Profit: €1,556
Solvency: 23.0%

Total assets▼ 27.3%

Net result

20192025

Go to Financials

Board & ownership

Board: 2 members

DE MAEYER ÜlkeDirector
MARTENS IvanDirector

Go to Board & ownership

Timeline

Events: 21
Since: 2009
Next accounts: by 31-01-2027

14-12-2023Annual accounts filed
06-12-2023Resignations: MARTENS Ivan (manager) and DE MAEYER…
22-12-2022Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Joinery installationNACE 43320
Founded: 13-10-2006
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 10

Purpose: “De onderneming in,het plaatsen,het vervaardigen,de handel en het aannemen van alle…” (deed in Dutch)

Go to Articles of association

Key facts about MADEMA

What is the company number of MADEMA?: 0884.246.555. In Belgium the VAT number is the company number with BE in front: BE 0884.246.555.
Where is MADEMA based?: The registered office is at Nachtegaalstraat(STE) 41A, 9190 Stekene.Company details
What does MADEMA do?: According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of MADEMA?: Private limited company (BV).
When was MADEMA founded?: On 13-10-2006.
Is MADEMA still active?: Yes, MADEMA is an active enterprise in the KBO register.
What is the turnover of MADEMA?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MADEMA profitable?: In financial year 2025, MADEMA made a profit of €1,556.
Where can I find the annual accounts of MADEMA?: MADEMA filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MADEMA due?: By 31-01-2027, for financial year 2026.Timeline