MADERA CONSULTING
ActiveSummary
MADERA CONSULTING has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €328k and a net result of €49k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-6
Solvency58▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.06 in 2024; short-term debt: 13.2% and cash: 0.2% of total assets), and 67.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
32.8%
Return on assets
4.9%
Age of the figures
12 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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-06-2026, 35 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
35 d late
2024
1 d early
2023
on the day
2022
3 d early
2021
2 d late
2020
on the day
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€328k▲ 17.6%
2024 · €279k
2018: €161klowest in 8 years
2019: €213k▲ +32.3% vs 2018
2020: €246k▲ +15.3% vs 2019
2021: €208k▼ -15.3% vs 2020
2022: €216k▲ +3.7% vs 2021
2023: €204k▼ -5.5% vs 2022
2024: €279k▲ +36.5% vs 2023
2025: €328k▲ +17.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€1,000k▲ 6.6%
2024 · €938k
2018: €831klowest in 8 years
2019: €854k▲ +2.7% vs 2018
2020: €854k▲ +0.1% vs 2019
2021: €856k▲ +0.3% vs 2020
2022: €858k▲ +0.2% vs 2021
2023: €859k▲ +0.1% vs 2022
2024: €938k▲ +9.3% vs 2023
2025: €1,000k▲ +6.6% vs 2024highest in 8 years
2018 → 2025
Net result
€49k▼ 28.3%
2024 · €68k
2018: €116khighest in 8 years
2019: €52k▼ -55.2% vs 2018
2020: €33k▼ -37.5% vs 2019
2021: €-38k▼ -216% vs 2020lowest in 8 years
2022: €8k▲ +120% vs 2021
2023: €-12k▼ -255% vs 2022
2024: €68k▲ +673% vs 2023
2025: €49k▼ -28.3% vs 2024
2018 → 2025
Working capital
€56k▲ 728%
2024 · €7k
2018: €-72klowest in 8 years
2019: €-51k▲ +29.7% vs 2018
2020: €-26k▲ +49.1% vs 2019
2021: €-64k▼ -146% vs 2020
2022: €-56k▲ +12.1% vs 2021
2023: €-68k▼ -21.4% vs 2022
2024: €7k▲ +110% vs 2023
2025: €56k▲ +728% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€208k-€216k▲ 3.7%€204k▼ 5.5%€279k▲ 36.5%€328k▲ 17.6%
2021: €208k
2022: €216k▲ +3.7% vs 2021
2023: €204k▼ -5.5% vs 2022lowest in 5 years
2024: €279k▲ +36.5% vs 2023
2025: €328k▲ +17.6% vs 2024highest in 5 years
Operating result€-38k-€8k€-12k€69k€49k▼ 28.2%
2021: €-38klowest in 5 years
2022: €8k▲ +121% vs 2021
2023: €-12k▼ -249% vs 2022
2024: €69k▲ +690% vs 2023highest in 5 years
2025: €49k▼ -28.2% vs 2024
Net result€-38k-€8k€-12k€68k€49k▼ 28.3%
2021: €-38klowest in 5 years
2022: €8k▲ +120% vs 2021
2023: €-12k▼ -255% vs 2022
2024: €68k▲ +673% vs 2023highest in 5 years
2025: €49k▼ -28.3% vs 2024
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 falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1,000k
Fixed assets
€812k =
Current assets
€188k ▲ 48.6%
Equity and liabilities €1,000k
Equity
€328k ▲ 17.6%
Debt
€672k ▲ 1.9%
Debt's share of the balance-sheet total falls from 70.3% to 67.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.42▲
2024 · 1.06
Debt to equity
2.05▼
2024 · 2.37
ROE
15.0%▼
2024 · 24.6%
ROA
4.9%▼
2024 · 7.3%
Debt ≤ 1 year
€132k▲
2024 · €120k
Debt > 1 year
€540k=
2024 · €540k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€938k€1,000k▲
Fixed assets21/28€812k€812k=
Financial fixed assets28€812k€812k=
Current assets29/58€127k€188k▲
Amounts receivable within one year40/41€119k€186k▲
Trade receivables40€119k€185k▲
Other amounts receivable41€44€501▲
Cash at bank and in hand54/58€7k€2k▼
Equity and liabilities
Total equity and liabilities10/49€938k€1,000k▲
Equity10/15€279k€328k▲
Contributions10/11€269k€269k=
Revaluation surpluses12€400k€400k=
Profit (loss) carried forward14€-390k€-341k▲
Amounts payable17/49€660k€672k▲
Amounts payable after more than one year17€540k€540k=
Financial debts170/4€540k€540k=
Amounts payable within one year42/48€120k€132k▲
Trade debts44€880€193▼
Suppliers440/4€880€193▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€117k€130k▲
Income statement
Code20242025
Other operating charges640/8€960€1k▲
Gross operating margin9900€70k€50k▼
Operating profit (loss)9901€69k€49k▼
Financial charges65/66B€239€266▲
Recurring financial charges65€239€266▲
Profit (loss) for the period before taxes9903€68k€49k▼
Profit (loss) for the period9904€68k€49k▼
Profit (loss) for the period to be appropriated9905€68k€49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-390k€-341k▲
Profit (loss) brought forward from the previous period14P€-458k€-390k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €981 | €897 | €960 | €1k | ▲ 4.6% |
| Gross operating margin9900 | €-38k | €9k | €-11k | €70k | €50k | ▼ 27.7% |
| Operating profit (loss)9901 | €-38k | €8k | €-12k | €69k | €49k | ▼ 28.2% |
| Financial charges65/66B | €49 | €71 | €306 | €239 | €266 | ▲ 11.1% |
| Recurring financial charges65 | €49 | €71 | €306 | €239 | €266 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | €-38k | €8k | €-12k | €68k | €49k | ▼ 28.3% |
| Profit (loss) for the period9904 | €-38k | €8k | €-12k | €68k | €49k | ▼ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €-38k | €8k | €-12k | €68k | €49k | ▼ 28.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €856k | €858k | €859k | €938k | €1,000k | ▲ 6.6% |
| Fixed assets21/28 | €812k | €812k | €812k | €812k | €812k | = |
| Financial fixed assets28 | €812k | €812k | €812k | €812k | €812k | = |
| Current assets29/58 | €45k | €46k | €47k | €127k | €188k | ▲ 48.6% |
| Amounts receivable within one year40/41 | €39k | €40k | €39k | €119k | €186k | ▲ 56.0% |
| Trade receivables40 | €36k | €40k | €39k | €119k | €185k | ▲ 55.6% |
| Other amounts receivable41 | €2k | €200 | €360 | €44 | €501 | ▲ 1,052% |
| Cash at bank and in hand54/58 | €6k | €6k | €8k | €7k | €2k | ▼ 71.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €856k | €858k | €859k | €938k | €1,000k | ▲ 6.6% |
| Equity10/15 | €208k | €216k | €204k | €279k | €328k | ▲ 17.6% |
| Contributions10/11 | €263k | €263k | €263k | €269k | €269k | = |
| Revaluation surpluses12 | €400k | €400k | €400k | €400k | €400k | = |
| Profit (loss) carried forward14 | €-454k | €-446k | €-458k | €-390k | €-341k | ▲ 12.6% |
| Amounts payable17/49 | €648k | €642k | €655k | €660k | €672k | ▲ 1.9% |
| Amounts payable after more than one year17 | €540k | €540k | €540k | €540k | €540k | = |
| Financial debts170/4 | €540k | €540k | €540k | €540k | €540k | = |
| Amounts payable within one year42/48 | €108k | €102k | €115k | €120k | €132k | ▲ 10.4% |
| Trade debts44 | €2k | €1k | €2k | €880 | €193 | ▼ 78.1% |
| Suppliers440/4 | €2k | €1k | €2k | €880 | €193 | ▼ 78.1% |
| Taxes, remuneration and social security45 | €428 | €401 | €2k | €2k | €2k | ▲ 8.7% |
| Taxes450/3 | €428 | €401 | €2k | €2k | €2k | ▲ 8.7% |
| Other amounts payable47/48 | €106k | €100k | €111k | €117k | €130k | ▲ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-38k | €8k | €-12k | €68k | €49k | ▼ 28.3% |
| Operating cash flow (approximation) | €-38k | €8k | €-12k | €68k | €49k | ▼ 28.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-51 | €2k | €-772 | €-5k | ▼ 580% |
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
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 1.06
Current ratio from 0.41 to 1.06.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €200kEq €213k ▲32.3%
2 profitable years in a row build equity to €213k.
Show earlier events
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2010
Ground area
269 m²
Parcel 21004A1207/00B000, Brussels. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Grote Markt 19, 1000 Brussel
since 20102.185.253.315
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1207/00B000 | Brussels | 269 m² | - | - |
Linked by address, not proof of ownership
Good to know
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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,621 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
Founded06-01-2010
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
66129Activities auxiliary to financial services and insurance activities
Scores and ratios are computed by Checked and are not a credit decision.