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Complete company report
Generated 09-08-2026
Active BE 0875.447.665Private limited company

MADI

Sympathiestraat 57 ·1070 Anderlecht, Belgium· 21 yrs active
Sector: Land transport (49330)
Conclusion Checked

The computed 12-month bankruptcy probability of MADI is 3.4% (moderate). The 2023 annual accounts show equity of €26k and a net result of €-5k. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 90% of 1816 sector peers (fiscal year 2023). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €26k
Net result €-5k
Better than sector 90%
Active 21 yrs
Snowflake analysis 5 axes · computed by Checked
Health65Profitability0Solvency79Growth78Stability100
64 / 100

Strong profile, led by stability.

Health 65
Profitability 0
Solvency 79
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
3.4% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 2005, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
65 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 24-09-2024 with the NBB · fiscal year 2023 · micro
€-40k€-20k€0€20k€40kOperating result 2019: €-16k€-16kNet result 2019: €-21k€-21kNet result 2020: €-21k€-21kOperating result 2021: €30k€30kNet result 2021: €26k€26kOperating result 2022: €6k€6kNet result 2022: €4k€4kOperating result 2023: €2k€2kNet result 2023: €-5k€-5k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~29.2%/year over 5 fiscal years, indicative, assuming unchanged policy.
€-25k€0€25k€50k€75k2024: €38k (€24k - €51k)2025: €45k (€24k - €67k)2026: €53k (€23k - €83k)2019: €-592020: €-592021: €26k2022: €31k2023: €26k20192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 49, Land transport · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 77.1% 28.5%
better than 90% of 1816 sector peers
Net result €-5k €4k
better than 21% of 1794 sector peers
Equity €26k €16k
better than 62% of 1827 sector peers
Gross operating margin €36k €25k
better than 58% of 1782 sector peers
Total assets €34k €64k
better than 31% of 1818 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€20k
-20.3% -10% vs sector
Net profit
€-5k
- far below sector median
Cash flow
€13k
-42.0% -39% vs sector
Total assets
€34k
-47.9% -79% vs sector
Equity
€26k
-15.2% -55% vs sector
Working capital
€320
- -80% vs sector
Income taxes
€4k
+192.9% +69% vs sector
Debt
€8k
-77.4% -89% vs sector
Debt ≤ 1y
€8k
-77.4% -86% vs sector
Current ratio
1.04
+5.4% +3% vs sector
Quick ratio
1.04
+5.4% +3% vs sector
Solvency
77.1%
+62.9% +35% vs sector
Debt / equity
0.30
-73.3% -60% vs sector
ROE
-17.9%
- far below sector median
ROA
-13.8%
- far below sector median
Interest coverage
10.41
-92.5% -69% vs sector
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA€20k
Net profit€-5k
Cash flow€13k
Staff costs-
Income taxes€4k
Dividends-
Total assets€34k
Equity€26k
Debt€8k
of which ≤ 1y€8k
of which > 1y-
Working capital€320
Employees (FTE)-
Ratios (computed)
2023
Current ratio1.04
Quick ratio1.04
Working capital ratio1.0%
Solvency77.1%
Debt / equity0.30
Long-term debt ratio-
Interest coverage10.41
Gross margin-
Net margin-
ROA-13.8%
ROE-17.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€34k
Fixed assets 21/28€26k
Tangible fixed assets 22/27€26k
Current assets 29/58€8k
Amounts receivable within one year 40/41€3k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€34k
Equity 10/15€26k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€5k
Amounts payable 17/49€8k
Amounts payable within one year 42/48€8k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€36k
Operating result 9901€2k
Financial charges 65€2k
Result before taxes 9903€-152
Income taxes 67/77€4k
Net result for the period 9904€-5k
Result to be appropriated 9905€-5k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Land transport(49330)
Legal form Private limited company(610)
Incorporation05-08-2005
StatusActive
Postal code1070
Establishment units 1 location
MADI
Sympathiestraat 57, 1070 AnderlechtPersonenvervoer over de weg zonder dienstregeling
since 20202.306.571.116
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21306D0208/00B006 Brussels 141 m² 1 · 64 m² 10.3 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 14 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
16-09-2025
State Gazette act Capital & shares
2024
30-10-2024
State Gazette act Capital & shares
24-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
13-05-2024
State Gazette act Capital & shares
2023
29-11-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
24-04-2023
State Gazette act Director changes
2022
23-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
26-10-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2017
28-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
28-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
30-06-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
02-07-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
28-06-2013
NBB filing Annual accounts filed
fiscal year 2012 · verkort
Belgisch Staatsblad, acts 4 acts
Capital history · 3
16-09-2025
Capital change
30-10-2024
Capital change
13-05-2024
Capital change
All acts · 4 updated 10 months ago
2025
16-09-2025 Transaction in capital or shares Capital & shares
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2024
30-10-2024 Transaction in capital or shares Capital & shares
Technical details 
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      "share_emission": {
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13-05-2024 Transaction in capital or shares Capital & shares
Technical details 
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2023
24-04-2023 3 directors appointed Director changes
  • BCHARRI Hicham, Bestuurder
  • EL HARHOUR SANHAJI Mohamed, Bestuurder
  • AHMITTACH Abdellatif, Bestuurder
Technical details 
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      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "L\u0027assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire du 01/04/2023 accepte la nomination au poste d\u0027administrateur, de Mr EL HARHOUR SANHAJI Mohamed domicili\u00E9 \u00E0 Avenue de la Reine 129 bte 1 \u00E0 1030 Schaerbeek",
      "decharge_status": null,
      "mandate_duration": null,
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    },
    {
      "kind": "director_in",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "AHMITTACH Abdellatif",
        "address": "Daringlaan 6 \u00E0 1080 Molenbeek",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "L\u0027assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire du 01/04/2023 accepte la nomination au poste d\u0027administrateur, de Mr AHMITTACH Abdellatif domicili\u00E9 \u00E0 Daringlaan 6 \u00E0 1080 Molenbeek",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2023-04-24",
    "filing_date": null,
    "act_kind_objet": "Obiet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-04-01",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0875.447.665",
    "name_full": "MADI SOCIETE A RESPONSABILITE LIMIT\u0415\u0415",
    "legal_form": "SARL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "ELOTMANI Bilal",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": [],
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}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Exploitatie van taxi's49320Diensten voor personenvervoer op aanvraag per voertuig met chauffeur49330Personenvervoer over de weg zonder dienstregeling49320Overig personenvervoer te land, n.e.g.49390Diensten in verband met vervoer te land52210Diensten in verband met vervoer te land52210
Primary activity highlighted.
Names & trade names
Legal nameFR MADI
Registered office
Sympathiestraat 57
1070 Anderlecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
Arent BE 0424.329.963 · Anderlecht
RAYANE ET PARTNERS BE 0445.756.966 · Brussel
MURS BE 0424.338.277 · Tubize
KADBANO BE 0448.013.504 · Schaarbeek
RABSI BE 0445.967.495 · Elsene
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative