MadGus
ActiveSummary
MadGus has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €157k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 1004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 7.41 against 8.72 in 2024; short-term debt: 13.4% and cash: 47.1% of total assets), and 13.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Sector 69
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
86.5%
Return on assets
77.2%
Age of the figures
9 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 27-03-2026, 126 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
126 d early
2024
61 d late
2023
69 d early
2022
31 d late
2021
32 d early
2020
5 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€157k▲ 54.0%
2024 · €102k
2018: €34k
2019: €35k
2020: €81k
2021: €57k
2022: €43k
2023: €62k
2024: €102k
2018 → 2025
Working capital
€175k▲ 40.9%
2024 · €124k
2018: €58k
2019: €93k
2020: €173k
2021: €75k
2022: €116k
2023: €21k
2024: €124k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€79k-€121k▲ 54.5%€24k▼ 80.4%€126k▲ 427%€176k▲ 39.8%
Operating result€75k-€57k▼ 24.0%€84k▲ 48.8%€133k▲ 57.9%€205k▲ 53.5%
Net result€57k-€43k▼ 25.2%€62k▲ 45.8%€102k▲ 63.0%€157k▲ 54.0%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203k
Fixed assets
€651 ▼ 64.2%
Current assets
€202k ▲ 44.2%
Equity and liabilities €203k
Equity
€176k ▲ 39.8%
Debt
€28k ▲ 65.9%
Debt's share of the balance-sheet total rises from 11.7% to 13.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€206k▲
2024 · €135k
Cash flow
€158k▲
2024 · €103k
Current ratio
7.41▼
2024 · 8.72
Debt to equity
0.16▲
2024 · 0.13
ROE
89.3%▲
2024 · 81.0%
ROA
77.2%▲
2024 · 71.6%
Interest coverage
190.33▲
2024 · 131.87
Debt ≤ 1 year
€27k▲
2024 · €16k
Income taxes
€49k▲
2024 · €31k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€142k€203k▲
Fixed assets21/28€2k€651▼
Tangible fixed assets22/27€2k€651▼
Furniture and vehicles24€2k€651▼
Current assets29/58€140k€202k▲
Amounts receivable within one year40/41€31k€106k▲
Trade receivables40€14k€15k▲
Other amounts receivable41€17k€90k▲
Cash at bank and in hand54/58€108k€96k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€142k€203k▲
Equity10/15€126k€176k▲
Contributions10/11€19k€19k=
Reserves13€107k€157k▲
Distributable reserves133€107k€157k▲
Profit (loss) carried forward14€258€46▼
Amounts payable17/49€17k€28k▲
Amounts payable within one year42/48€16k€27k▲
Trade debts44€799€987▲
Suppliers440/4€799€987▲
Taxes, remuneration and social security45€15k€26k▲
Taxes450/3€15k€26k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€493€202▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€736€758▲
Gross operating margin9900€135k€207k▲
Operating profit (loss)9901€133k€205k▲
Financial income75/76B€822€2k▲
Recurring financial income75€822€2k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€133k€206k▲
Income taxes67/77€31k€49k▲
Profit (loss) for the period9904€102k€157k▲
Profit (loss) for the period to be appropriated9905€102k€157k▲
Appropriation of the result
Profit (loss) to be appropriated9906€102k€157k▲
Profit (loss) brought forward from the previous period14P€255€258▲
Transfer from equity791/2€0€107k▲
Transfer to equity691/2€102k€157k▲
To other reserves6921€102k€157k▲
Profit to be distributed694/7€0€107k▲
Return on contributions (dividend)694€0€107k▲
The notes to these accounts (5 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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €157k ▲54%
Operating result €205k, net result €157k, both a record.
31-12
Financial
Equity above €150kEq €176k ▲39.8%
8 profitable years in a row build equity to €176k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Liquidity times 8current ratio 8.72
Current ratio from 1.12 to 8.72; short-term debt falls from €177k to €16k.
31-12
Financial
Equity above €100kEq €126k ▲427%
7 profitable years in a row build equity to €126k.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Liquidity times 8current ratio 11.83
Current ratio from 1.51 to 11.83; short-term debt falls from €148k to €11k.
31-12
Financial
Equity above €100kEq €121k ▲54.5%
5 profitable years in a row build equity to €121k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
31-12
Financial
Equity above €150kEq €175k ▲86.1%
3 profitable years in a row build equity to €175k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 58 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full 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, Elsene · 1 establishment unit since 2017
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.
Burgemeestersstraat 481050 ElseneGround area
106 m²
Building footprint
62 m²
Volume, LiDAR
579 m³
Parcel 21443C0245/00B002, Brussels · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MadGus
since 20172.268.406.168
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0245/00B002 | Brussels | 106 m² | 1 · 62 m² | 12.7 m · 3 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.
Similar companies · same sector, comparable size
FidAdvice Boekhouding & Fiscaliteit
BE 0745.747.579
Schoten · Eq €175,341
Urban Prairie
BE 0774.577.464
Kortrijk · Eq €175,929
Rony Gysels & Zoon
BE 0452.282.393
Antwerpen · Eq €174,860
RANSQUIN
BE 0668.774.814
Kapelle-op-den-Bos · Eq €174,750
LAJURO
BE 0739.964.993
Halle · Eq €177,598
Of 2,762 companies in sector 69109 we hold annual accounts for 1,208. 928 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.