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MADICO

Active
Public limited companyfounded 199135 yrs activeHonegemstraat 133, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 0442.958.517
Summary

MADICO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.6m and a net result of €1.6m. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 2731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
MADICOActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Other business support services
NACE 82990Business and other management consultancy NACE 70200Business consulting NACE 70220
#1 company by equity in Erpe-Mere, Administrative and support services sector1 site
Size
€8.2mtotal assets 2025
Staff
1 FTE
Equity
€7.6m
Profit
€1.6m
Turnover not published (abridged schema)Net result +636%: other schema
Financial health
96 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts filed 31 d late0 of 5 deeds read
Why 96- Liquidity: current ratio 65.89, cash €30,119, halved- Latest accounts 31 days late; 1 of the last 3 late+ Founded in 1991+ Size: total assets €8.2mShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Better than 78% of its sector peers (NACE 82, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 93.2% of total assets
Liquidity 50-3
short-term debt 1.0% · cash 0.4%
Profitability 93+20
return on assets 19.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,114 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%▼ -2.4% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%▲ +2.4% vs 02-2025 04-2025: < 0.1%▲ +4.8% vs 03-2025 05-2025: < 0.1%▲ +2.3% vs 04-2025 06-2025: < 0.1%▼ -2.2% vs 05-2025 07-2025: 0.1%▲ +25.0% vs 06-2025 08-2025: < 0.1%▼ -23.6% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▼ -2.4% vs 12-2025lowest value 02-2026: < 0.1%▲ +2.4% vs 01-2026 03-2026: < 0.1%▲ +2.4% vs 02-2026 04-2026: < 0.1%▲ +4.7% vs 03-2026 05-2026: < 0.1%▲ +2.2% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%▲ +4.3% vs 06-2026 08-2026: 0.1%▲ +133% vs 07-2026 09-2026: 0.1%▲ +4.5% vs 08-2026highest value 10-2026: 0.1%● 0.0% vs 09-2026highest value
  • Liquidity: current ratio 65.89, cash €30,119, halved raises the probability
  • Latest accounts 31 days late; 1 of the last 3 late raises the probability
  • Founded in 1991 lowers the probability for this profile
  • Size: total assets €8.2m lowers the probability for this profile
Credit up to €700,000 at 30 days acceptable
Liquidity ample (current ratio 65.89 against 28.21 in 2024; short-term debt: 1% and cash: 0.4% of total assets), and 6.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 82, small). Better than this share of them on solvency 89%, liquidity 52%, profitability 91%, growth against the median 80%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 65.89, cash €30,119, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 31 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1991
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €8.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 d late
2024
30 d early
2023
11 d early
2022
24 d early
2021
1 d early
2020
3 d early
2019
2 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 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

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. Usually files around 14 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Highest result since 2019net €1.6m ▲636%
  3. Liquidity doublescurrent ratio 65.89

Key points

  • Positive: Result rose in 2025different schema filed ▲ 636% View
  • Positive: Company by equity in Erpe-Mere, Administrative and support…in the Checked rankings #1 View
  • Positive: 7 profitable years in a rowprofit 2025: €1.6m 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€8.2m
Profit
€1.6m
Solvency
93.2%
Total assets▲ 23.0%
Net result
20192025
Go to Financials

Timeline

Events
15
Since
2016
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 31-12-2025Highest result since 2019
  3. 31-12-2025Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other business support servicesNACE 82990
Founded
09-01-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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