Madep
ActiveMadep has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270k and a net result of €77k. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 9369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+5
Growth52=
Stability94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.72 against 1.89 in 2024), and 18.2% 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
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
81.8%
Return on assets
23.4%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-04-2026, 121 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
121 d early
2024
140 d early
2023
86 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€270k▲ 40.0%
2024 · €193k
2023: €146k
2024: €193k
2023 → 2025
Total assets
€331k▼ 4.4%
2024 · €346k
2023: €205k
2024: €346k
2023 → 2025
Net result
€77k▲ 65.3%
2024 · €47k
2023: €146k
2024: €47k
2023 → 2025
Working capital
€214k▲ 68.1%
2024 · €128k
2023: €100k
2024: €128k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€146k-€193k▲ 31.9%€270k▲ 40.0%
Operating result€191k-€59k▼ 69.2%€98k▲ 66.7%
Net result€146k-€47k▼ 67.9%€77k▲ 65.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 67% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €331k
Fixed assets
€59k▼ 21.2%
Current assets
€272k▲ 0.2%
Equity and liabilities €331k
Equity
€270k▲ 40.0%
Debt
€60k▼ 60.5%
The debt ratio falls from 44.2% to 18.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€117k▲
2024 · €76k
Cash flow
€96k▲
2024 · €63k
Solvency
81.8%▲
2024 · 55.8%
Current ratio
4.72▲
2024 · 1.89
Quick ratio
4.72▲
2024 · 1.89
Debt / equity
0.22▼
2024 · 0.79
ROE
28.6%▲
2024 · 24.2%
ROA
23.4%▲
2024 · 13.5%
Interest coverage
126.27▲
2024 · 72.83
Debt
€60k▼
2024 · €153k
Debt ≤ 1 year
€58k▼
2024 · €144k
Debt > 1 year
€3k▼
2024 · €9k
Income taxes
€20k▲
2024 · €12k
Staff costs
€34k▲
2024 · €34k
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€346k€331k▼
Fixed assets21/28€74k€59k▼
Tangible fixed assets22/27€74k€59k▼
Plant, machinery and equipment23€36k€28k▼
Furniture and vehicles24€38k€28k▼
Assets under construction and advance payments27-€3k
Current assets29/58€272k€272k▲
Amounts receivable after more than one year29€10k€0▼
Other amounts receivable291€10k€0▼
Amounts receivable within one year40/41€65k€58k▼
Trade receivables40€62k€54k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€193k€211k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€346k€331k▼
Equity10/15€193k€270k▲
Contributions10/11€2k€2k=
Reserves13€192k€269k▲
Distributable reserves133€192k€269k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€153k€60k▼
Amounts payable after more than one year17€9k€3k▼
Financial debts170/4€9k€3k▼
Amounts payable within one year42/48€144k€58k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€55k€14k▼
Suppliers440/4€55k€14k▼
Taxes, remuneration and social security45€76k€32k▼
Taxes450/3€69k€32k▼
Remuneration and social security454/9€7k€0▼
Other amounts payable47/48€7k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€34k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€19k▲
Other operating charges640/8€496€2k▲
Gross operating margin9900€110k€154k▲
Operating profit (loss)9901€59k€98k▲
Financial income75/76B€1k€132▼
Recurring financial income75€1k€132▼
Financial charges65/66B€1k€927▼
Recurring financial charges65€1k€927▼
Profit (loss) for the period before taxes9903€59k€97k▲
Income taxes67/77€12k€20k▲
Profit (loss) for the period9904€47k€77k▲
Profit (loss) for the period to be appropriated9905€47k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€77k▲
Transfer to equity691/2€47k€77k▲
To other reserves6921€47k€77k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (16 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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 4.72
Current ratio from 1.89 to 4.72; short-term debt falls from €144k to €58k.
31-12
Financial
Equity above €200kEq €270k ▲40%
3 profitable years in a row build equity to €270k.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €47k ▼67.9%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €193k ▲31.9%
2 profitable years in a row build equity to €193k.
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Maarkedal · 1 establishment unit since 2022
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.
Nederholbeekstraat (ETKH) 689680 MaarkedalGround area
1,122 m²
Building footprint
120 m²
Volume, LiDAR
680 m³
Parcel 45011A0931/00H002, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Madep
since 20222.326.057.030
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45011A0931/00H002 | Flanders | 1,122 m² | 1 · 120 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,503 companies in sector 71121 we hold annual accounts for 6,523. 4,912 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2022
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
62010Computer programming, consultancy and related activities
62020IT consultancy
62030Computer programming, consultancy and related activities
62100Computer programming
62200Computer consultancy and computer facilities management
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
66210Risk and damage evaluation
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.