MADENA
ActiveMADENA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317k and a net result of €67k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 65% of 4559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+3
Solvency72=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 2.31 in 2024; short-term debt: 34.8% and cash: 27.4% of total assets), but 53.4% of the assets are financed with debt.
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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.6%
Return on assets
9.9%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-03-2026, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
58 d late
2024
3 d late
2023
28 d early
2022
41 d early
2021
46 d early
2020
40 d early
2019
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€317k▲ 26.9%
2024 · €250k
2019: €147k
2020: €151k
2021: €131k
2022: €173k
2023: €212k
2024: €250k
2019 → 2025
Total assets
€681k▲ 28.4%
2024 · €531k
2019: €445k
2020: €420k
2021: €404k
2022: €379k
2023: €447k
2024: €531k
2019 → 2025
Net result
€67k▲ 75.5%
2024 · €38k
2019: €34k
2020: €5k
2021: €-20k
2022: €42k
2023: €39k
2024: €38k
2019 → 2025
Working capital
€154k▲ 17.4%
2024 · €131k
2019: €42k
2020: €59k
2021: €46k
2022: €86k
2023: €109k
2024: €131k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€131k-€173k▲ 32.1%€212k▲ 22.5%€250k▲ 18.1%€317k▲ 26.9%
Operating result€-12k-€50k€55k▲ 11.2%€63k▲ 13.4%€102k▲ 62.9%
Net result€-20k-€42k€39k▼ 7.6%€38k▼ 1.2%€67k▲ 75.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 63% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €681k
Fixed assets
€290k▼ 3.0%
Current assets
€391k▲ 68.9%
Equity and liabilities €681k
Equity
€317k▲ 26.9%
Debt
€364k▲ 29.7%
The debt ratio rises from 52.9% to 53.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€148k▲
2024 · €106k
Cash flow
€113k▲
2024 · €82k
Solvency
46.6%▼
2024 · 47.1%
Current ratio
1.65▼
2024 · 2.31
Quick ratio
1.24▼
2024 · 1.84
Debt / equity
1.15▲
2024 · 1.12
ROE
21.2%▲
2024 · 15.3%
ROA
9.9%▲
2024 · 7.2%
Interest coverage
21.11▲
2024 · 12.95
Debt
€364k▲
2024 · €280k
Debt ≤ 1 year
€237k▲
2024 · €100k
Debt > 1 year
€127k▼
2024 · €138k
Income taxes
€31k▲
2024 · €16k
Staff costs
€244k▲
2024 · €182k
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€531k€681k▲
Fixed assets21/28€299k€290k▼
Tangible fixed assets22/27€292k€283k▼
Land and buildings22€232k€213k▼
Plant, machinery and equipment23€18k€13k▼
Furniture and vehicles24€41k€57k▲
Financial fixed assets28€7k€7k=
Current assets29/58€231k€391k▲
Stocks and contracts in progress3€47k€97k▲
Stocks30/36€47k€97k▲
Amounts receivable within one year40/41€65k€108k▲
Trade receivables40€24k€48k▲
Other amounts receivable41€41k€59k▲
Current investments50/53€76k-
Cash at bank and in hand54/58€37k€187k▲
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€531k€681k▲
Equity10/15€250k€317k▲
Contributions10/11€19k€19k=
Reserves13€2k€69k▲
Distributable reserves133€2k€69k▲
Profit (loss) carried forward14€230k€230k=
Amounts payable17/49€280k€364k▲
Amounts payable after more than one year17€138k€127k▼
Financial debts170/4€138k€127k▼
Amounts payable within one year42/48€100k€237k▲
Current portion of amounts payable after more than one year42€33k€35k▲
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€27k€132k▲
Suppliers440/4€27k€132k▲
Taxes, remuneration and social security45€41k€62k▲
Taxes450/3€29k€47k▲
Remuneration and social security454/9€12k€15k▲
Accrued charges and deferred income492/3€42k-
Income statement
Code20242025
Non-recurring operating income76A€826-
Remuneration, social security and pensions62€182k€244k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€46k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€292k€397k▲
Operating profit (loss)9901€63k€102k▲
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€55k€99k▲
Income taxes67/77€16k€31k▲
Profit (loss) for the period9904€38k€67k▲
Profit (loss) for the period to be appropriated9905€38k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€230k€297k▲
Profit (loss) brought forward from the previous period14P€191k€230k▲
Transfer to equity691/2-€67k
To other reserves6921-€67k
The notes to these accounts (13 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
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 58 days late
2025
30-06
Financial
Highest result since 2019net €67k ▲75.5%
Operating result €102k, net result €67k, both a record.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €200kEq €212k ▲22.5%
2 profitable years in a row build equity to €212k.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
30-06
Financial
Equity above €150kEq €173k ▲32.1%
Equity rises from €131k to €173k.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-20k ▼541%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €150kEq €151k ▲3.2%
2 profitable years in a row build equity to €151k.
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Geel · 2 establishment units since 2007
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.
H.-Geeststraat 292440 GeelGround area
1,551 m²
Building footprint
982 m²
Volume, LiDAR
10,514 m³
3 parcels, Flanders · tallest building 19.1 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
MADENA
since 20072.167.938.716
madena bvba
since 20122.214.034.896
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008H1423/00D003 | Flanders | 1,180 m² | 1 · 746 m² | 15.3 m · 4 fl. |
| 13376G0663/00Y022 | Flanders | 284 m² | 1 · 149 m² | 10.6 m · 2 fl. |
| 11804D3471/00R002 | Flanders | 87 m² | 1 · 87 m² | 19.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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 · 2 entries · 6,170 EUR awarded · 6,170 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 6,170 EUR | 6,170 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 4 endedHaarverzorging duaal (so)
Kapper (vwo)
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Of 21,748 companies in sector 96210 we hold annual accounts for 2,829. 1,040 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-12-2007
Fiscal year end30-06
Activities, NACEBEL
96021Hairdressing
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.