MADENT
ActiveSummary
MADENT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23,728 and a net result of -€17,300. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 19% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-74
Solvency53▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.28 in 2023; short-term debt: 43% and cash: 36.7% of total assets), and 72.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← 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
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 2024Solvency, return and age of the figures
Solvency
27.6%
Return on assets
-20.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 19918 sector peers (2024).
NBB · sector comparisonPosition among 19918 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
120 d early
2022
22 d late
2021
25 d late
2020
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2024, micro schema
Equity
€23,728▼ 42.2%
2023 · €41,028
Total assets
€86,090▼ 35.4%
2023 · €133,224
Net result
-€17,300
2023 · €20,319
Working capital
€1,001▼ 93.3%
2023 · €14,923
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€10,913-€37,748▲ 246%€19,878▼ 47.3%€28,955▲ 45.7%-€15,580
Net result€8,069below the sector's middle half-€29,294within the sector's middle half▲ 263%€12,959below the sector's middle half▼ 55.8%€20,319within the sector's middle half▲ 56.8%-€17,300below the sector's middle half
Equity€13,069below the sector's middle half-€37,363below the sector's middle half▲ 186%€50,322below the sector's middle half▲ 34.7%€41,028below the sector's middle half▼ 18.5%€23,728below the sector's middle half▼ 42.2%
Total assets€18,966below the sector's middle half-€52,944below the sector's middle half▲ 179%€135,983below the sector's middle half▲ 157%€133,224within the sector's middle half▼ 2.0%€86,090below the sector's middle half▼ 35.4%
Debt€5,897-€15,581▲ 164%€85,661▲ 450%€92,196▲ 7.6%€62,362▼ 32.4%
Working capital€10,448-€33,259▲ 218%-€3,590€14,923€1,001▼ 93.3%
Solvency68.9%within the sector's middle half-70.6%within the sector's middle half▲ 1.7pp37.0%within the sector's middle half▼ 33.6pp30.8%below the sector's middle half▼ 6.2pp27.6%below the sector's middle half▼ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15,580 after €28,955 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86,090
Fixed assets
€48,053 ▼ 25.6%
Current assets
€38,037 ▼ 44.6%
Equity and liabilities €86,090
Equity
€23,728 ▼ 42.2%
Debt
€62,362 ▼ 32.4%
Debt's share of the balance-sheet total rises from 69.2% to 72.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,444▼
2023 · €46,807
Cash flow
€723▼
2023 · €38,171
Current ratio
1.03▼
2023 · 1.28
Debt to equity
2.63▲
2023 · 2.25
ROE
-72.9%▼
2023 · 49.5%
ROA
-20.1%▼
2023 · 15.3%
Interest coverage
1.64▼
2023 · 22.07
Debt ≤ 1 year
€37,036▼
2023 · €53,753
Debt > 1 year
€25,326▼
2023 · €38,443
Income taxes
€229▼
2023 · €6,564
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,136 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.9%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,136 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,479 | €3,506 | €5,279 | €17,852 | €18,023 | ▲ 1.0% |
| Other operating charges640/8 | - | €581 | €1,276 | €1,232 | €1,228 | ▼ 0.3% |
| Gross operating margin9900 | €15,203 | €41,835 | €26,433 | €48,039 | €3,672 | ▼ 92.4% |
| Operating profit (loss)9901 | €10,913 | €37,748 | €19,878 | €28,955 | -€15,580 | ▼ 154% |
| Financial income75/76B | - | €80 | - | €50 | - | - |
| Recurring financial income75 | - | €80 | - | €50 | - | - |
| Financial charges65/66B | - | €175 | €935 | €2,121 | €1,492 | ▼ 29.7% |
| Recurring financial charges65 | €19 | €175 | €935 | €2,121 | €1,492 | ▼ 29.7% |
| Profit (loss) for the period before taxes9903 | €10,894 | €37,654 | €18,943 | €26,883 | -€17,071 | ▼ 164% |
| Income taxes67/77 | €2,825 | €8,360 | €5,984 | €6,564 | €229 | ▼ 96.5% |
| Profit (loss) for the period9904 | €8,069 | €29,294 | €12,959 | €20,319 | -€17,300 | ▼ 185% |
| Profit (loss) for the period to be appropriated9905 | €8,069 | €29,294 | €12,959 | €20,319 | -€17,300 | ▼ 185% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,966 | €52,944 | €135,983 | €133,224 | €86,090 | ▼ 35.4% |
| Fixed assets21/28 | €2,621 | €4,104 | €76,040 | €64,548 | €48,053 | ▼ 25.6% |
| Tangible fixed assets22/27 | €2,621 | €4,104 | €76,040 | €64,548 | €48,053 | ▼ 25.6% |
| Plant, machinery and equipment23 | - | €2,200 | €41,178 | €33,353 | €24,746 | ▼ 25.8% |
| Furniture and vehicles24 | - | €1,904 | €32,576 | €25,368 | €18,680 | ▼ 26.4% |
| Other tangible fixed assets26 | - | - | €2,286 | €5,828 | €4,627 | ▼ 20.6% |
| Current assets29/58 | €16,345 | €48,840 | €59,943 | €68,675 | €38,037 | ▼ 44.6% |
| Amounts receivable within one year40/41 | - | €3,380 | - | €3,575 | €4,471 | ▲ 25.1% |
| Other amounts receivable41 | - | €3,380 | - | €3,575 | €4,471 | ▲ 25.1% |
| Cash at bank and in hand54/58 | €15,474 | €37,509 | €52,946 | €63,389 | €31,629 | ▼ 50.1% |
| Deferred charges and accrued income490/1 | - | €7,950 | €6,997 | €1,712 | €1,937 | ▲ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,966 | €52,944 | €135,983 | €133,224 | €86,090 | ▼ 35.4% |
| Equity10/15 | €13,069 | €37,363 | €50,322 | €41,028 | €23,728 | ▼ 42.2% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €8,069 | €23,069 | €36,028 | €36,028 | €36,028 | = |
| Distributable reserves133 | - | €23,069 | €36,028 | €36,028 | €36,028 | = |
| Profit (loss) carried forward14 | - | €9,294 | €9,294 | - | -€17,300 | - |
| Amounts payable17/49 | €5,897 | €15,581 | €85,661 | €92,196 | €62,362 | ▼ 32.4% |
| Amounts payable after more than one year17 | - | - | €22,128 | €38,443 | €25,326 | ▼ 34.1% |
| Financial debts170/4 | - | - | €22,128 | €38,443 | €25,326 | ▼ 34.1% |
| Amounts payable within one year42/48 | €5,897 | €15,581 | €63,533 | €53,753 | €37,036 | ▼ 31.1% |
| Current portion of amounts payable after more than one year42 | - | - | €5,992 | €12,770 | €13,118 | ▲ 2.7% |
| Trade debts44 | €755 | €121 | €40,864 | €2,121 | €1,378 | ▼ 35.1% |
| Suppliers440/4 | - | €121 | €40,864 | €2,121 | €1,378 | ▼ 35.1% |
| Taxes, remuneration and social security45 | - | €10,460 | €10,734 | €13,690 | €3,584 | ▼ 73.8% |
| Taxes450/3 | - | €10,460 | €10,734 | €13,690 | €3,584 | ▼ 73.8% |
| Other amounts payable47/48 | - | €5,000 | €5,942 | €25,172 | €18,957 | ▼ 24.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,069 | €29,294 | €12,959 | €20,319 | -€17,300 | ▼ 185% |
| + Depreciation and write-downs630 | €3,479 | €3,506 | €5,279 | €17,852 | €18,023 | ▲ 1.0% |
| Operating cash flow (approximation) | €11,548 | €32,800 | €18,239 | €38,171 | €723 | ▼ 98.1% |
| Investment in fixed assets (approximation) | - | -€4,990 | -€77,215 | -€6,360 | -€1,528 | ▲ 76.0% |
| Change in cash | - | €22,036 | €15,436 | €10,443 | -€31,760 | ▼ 404% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€17,300
Net result drops to -€17,300, the lowest in the series.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2020net €29,294 ▲263%
Operating result €37,748, net result €29,294, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2019
Ground area
2,418 m²
Building footprint
243 m²
Volume, LiDAR
1,149 m³
2 parcels, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MADENT
since 20192.297.318.603
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92017B0024/00Y005 | Wallonia | 1,317 m² | 1 · 170 m² | 10.0 m · 2 fl. |
| 92402G0203/00K004 | Wallonia | 1,101 m² | 1 · 72 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TANDARTS VIVIANE KRESSIN
BE 0758.742.512
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AMSEDENT
BE 1008.864.831
Liedekerke · Eq €23,724
ORTHO SCHMIT
BE 1015.117.965
Verviers · Eq €23,733
AR Dent Art Clinic
BE 0742.596.465
Mortsel · Eq €23,737
ELITE DENTAL
BE 1001.740.774
Etterbeek · Eq €23,794
Of 6,945 companies in sector 86230 we hold annual accounts for 4,294. 2,319 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736782702
Also
9925:BE0736782702
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.