MADEVI
ActiveSummary
MADEVI has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,684 and a net result of €10,448. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 7098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+6
Solvency94▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 3.19 against 2.02 in 2024; short-term debt: 31.4% and cash: 44.8% of total assets), and 31.4% of the assets are financed with debt.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-09-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
31 d early
2023
4 d early
2022
40 d early
2021
6 d early
2020
47 d early
2019
42 d early
← 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 29 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€54,684▲ 23.6%
2024 · €44,236
Total assets
€79,705▼ 8.9%
2024 · €87,498
Net result
€10,448▲ 48.4%
2024 · €7,042
Working capital
€54,684▲ 23.6%
2024 · €44,236
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20212022202320242025
Operating result€9,439▲ 34.6%€10,945▲ 16.0%€18,016▲ 64.6%€10,143▼ 43.7%€14,086▲ 38.9%
Net result€7,670within the sector's middle half▲ 32.9%€7,837within the sector's middle half▲ 2.2%€13,211within the sector's middle half▲ 68.6%€7,042within the sector's middle half▼ 46.7%€10,448within the sector's middle half▲ 48.4%
Equity€36,146within the sector's middle half▲ 26.9%€43,982within the sector's middle half▲ 21.7%€37,193within the sector's middle half▼ 15.4%€44,236within the sector's middle half▲ 18.9%€54,684within the sector's middle half▲ 23.6%
Total assets€92,670within the sector's middle half▲ 28.9%€90,077within the sector's middle half▼ 2.8%€93,219within the sector's middle half▲ 3.5%€87,498within the sector's middle half▼ 6.1%€79,705within the sector's middle half▼ 8.9%
Debt€56,524▲ 30.2%€46,095▼ 18.5%€56,025▲ 21.5%€43,262▼ 22.8%€25,021▼ 42.2%
Working capital€32,481within the sector's middle half▲ 22.5%€41,881within the sector's middle half▲ 28.9%€36,202within the sector's middle half▼ 13.6%€44,236within the sector's middle half▲ 22.2%€54,684within the sector's middle half▲ 23.6%
Solvency39.0%within the sector's middle half▼ 0.6pp48.8%within the sector's middle half▲ 9.8pp39.9%within the sector's middle half▼ 8.9pp50.6%within the sector's middle half▲ 10.7pp68.6%within the sector's middle half▲ 18.1pp
Current ratio1.57within the sector's middle half▼ 0.041.91within the sector's middle half▲ 0.331.65within the sector's middle half▼ 0.262.02within the sector's middle half▲ 0.383.19within the sector's middle half▲ 1.16
Return on assets (ROA)8.3%within the sector's middle half▲ 0.2pp8.7%within the sector's middle half▲ 0.4pp14.2%within the sector's middle half▲ 5.5pp8.0%within the sector's middle half▼ 6.1pp13.1%within the sector's middle half▲ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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 recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €79,705
Equity
€54,684 ▲ 23.6%
Debt
€25,021 ▼ 42.2%
Debt's share of the balance-sheet total falls from 49.4% to 31.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,086▲
2024 · €11,135
Cash flow
€10,448▲
2024 · €8,034
Debt to equity
0.46▼
2024 · 0.98
ROE
19.1%▲
2024 · 15.9%
Interest coverage
85.05▼
2024 · 87.71
Debt ≤ 1 year
€25,021▼
2024 · €43,262
Income taxes
€3,473▲
2024 · €2,974
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,234 | €1,564 | €1,110 | €991 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1,042 | €1,093 | €1,219 | €1,204 | ▼ 1.3% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €12,094 | €13,551 | €20,218 | €12,354 | €15,290 | ▲ 23.8% |
| Operating profit (loss)9901 | €9,439 | €10,945 | €18,016 | €10,143 | €14,086 | ▲ 38.9% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €50 | €103 | €127 | €166 | ▲ 30.5% |
| Recurring financial charges65 | €61 | €50 | €103 | €127 | €166 | ▲ 30.5% |
| Profit (loss) for the period before taxes9903 | €9,378 | €10,895 | €17,913 | €10,016 | €13,921 | ▲ 39.0% |
| Income taxes67/77 | €1,709 | €3,058 | €4,702 | €2,974 | €3,473 | ▲ 16.8% |
| Profit (loss) for the period9904 | €7,670 | €7,837 | €13,211 | €7,042 | €10,448 | ▲ 48.4% |
| Profit (loss) for the period to be appropriated9905 | €7,670 | €7,837 | €13,211 | €7,042 | €10,448 | ▲ 48.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92,670 | €90,077 | €93,219 | €87,498 | €79,705 | ▼ 8.9% |
| Fixed assets21/28 | €3,665 | €2,101 | €991 | €0 | - | - |
| Tangible fixed assets22/27 | €3,665 | €2,101 | €991 | €0 | - | - |
| Furniture and vehicles24 | - | €2,101 | €991 | €0 | - | - |
| Current assets29/58 | €89,005 | €87,976 | €92,227 | €87,498 | €79,705 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €55,172 | €58,273 | €57,995 | €63,674 | €44,002 | ▼ 30.9% |
| Trade receivables40 | - | €57,468 | €57,995 | €61,648 | €44,002 | ▼ 28.6% |
| Other amounts receivable41 | - | €805 | €0 | €2,026 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €33,833 | €29,703 | €34,232 | €23,824 | €35,703 | ▲ 49.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92,670 | €90,077 | €93,219 | €87,498 | €79,705 | ▼ 8.9% |
| Equity10/15 | €36,146 | €43,982 | €37,193 | €44,236 | €54,684 | ▲ 23.6% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €16,146 | €23,982 | €17,193 | €24,236 | €34,684 | ▲ 43.1% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | €21,982 | €15,193 | €24,236 | €34,684 | ▲ 43.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €56,524 | €46,095 | €56,025 | €43,262 | €25,021 | ▼ 42.2% |
| Amounts payable within one year42/48 | €56,524 | €46,095 | €56,025 | €43,262 | €25,021 | ▼ 42.2% |
| Trade debts44 | €292 | €1,042 | €413 | €534 | €1,059 | ▲ 98.4% |
| Suppliers440/4 | - | €1,042 | €413 | €534 | €1,059 | ▲ 98.4% |
| Taxes, remuneration and social security45 | - | €7,051 | €8,001 | €3,191 | €3,651 | ▲ 14.4% |
| Taxes450/3 | - | €7,051 | €8,001 | €3,191 | €3,651 | ▲ 14.4% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €38,002 | €47,611 | €39,537 | €20,310 | ▼ 48.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,670 | €7,837 | €13,211 | €7,042 | €10,448 | ▲ 48.4% |
| + Depreciation and write-downs630 | €1,234 | €1,564 | €1,110 | €991 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €8,904 | €9,401 | €14,321 | €8,034 | €10,448 | ▲ 30.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€4,129 | €4,529 | -€10,408 | €11,879 | ▲ 214% |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €13,211 ▲68.6%
Operating result €18,016, net result €13,211, both a record.
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €5,771
Net result €5,771 after one loss-making year.
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
03-10
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.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Zwevegem · 1 establishment unit since 2015
Ground area
788 m²
Building footprint
165 m²
Volume, LiDAR
952 m³
Parcel 34042A0227/00P002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MADEVI
since 20152.242.511.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0227/00P002 | Flanders | 788 m² | 1 · 165 m² | 8.3 m · 2 fl. |
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 13,417 companies in sector 73300 we hold annual accounts for 6,907. 5,521 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
Founded05-06-2015
Fiscal year end31-03
Activities, NACEBEL 2025
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0631802471
Also
9925:BE0631802471
Registered
27-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.