Financials
- Financial year
- 2024
- Total assets
- €2.6m
- Profit
- €305,947
- Solvency
- 53.0%
Total assets▲ 0.2%
Net result
20182024
Madie
ActiveSummary
The computed 12-month bankruptcy probability of Madie is 5.9% (elevated). The 2024 annual accounts show equity of €1.4m and a net result of €305,947. Equity is growing by about 5.3% per year across the filed financial years. The company has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
“Het verwerven van participaties in eender welke vorm in alle bestaande of op te…” (deed in Dutch)
From the articles, 21 activitiesNo NACE code in the KBO yet1 site
Size
€2.6mtotal assets 2024
- Staff
- 15.8 FTE
- Equity
- €1.4m
- Profit
- €305,947
Turnover not published (abbreviated format)
Structure
2025 accounts not filed, 85 days past the deadline2 of 9 deeds summarised
Why 38raises riskFigures for financial year 2024 (filed 21-07-2025)No main activity registered1 change of registered office in 24 monthslowers riskFounded in 1998Show the evidence
Checked score
Score 2024
38
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 60% of its sector peers (no NACE code, small)
Financial strength · tick = 2023
Strong
Solvency
78+2
equity 53.0% of total assets
Liquidity
47=
short-term debt 29.6% · cash 7.3%
Profitability
83+2
return on assets 11.6%
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%lowest value
12-2024: 0.9%● unchanged vs 11-2024lowest value
01-2025: 0.9%● unchanged vs 12-2024lowest value
02-2025: 0.9%● unchanged vs 01-2025lowest value
03-2025: 0.9%● unchanged vs 02-2025lowest value
04-2025: 1.9%▲ +1.0 percentage point vs 03-2025
05-2025: 2.1%▲ +0.2 percentage points vs 04-2025
06-2025: 2.3%▲ +0.2 percentage points vs 05-2025
07-2025: 2.6%▲ +0.3 percentage points vs 06-2025
08-2025: 1.5%▼ -1.1 percentage points vs 07-2025
09-2025: 1.5%● unchanged vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.6%▲ +0.1 percentage points vs 03-2026
05-2026: 1.8%▲ +0.2 percentage points vs 04-2026
06-2026: 2.0%▲ +0.2 percentage points vs 05-2026
07-2026: 2.2%▲ +0.2 percentage points vs 06-2026
08-2026: 2.8%▲ +0.6 percentage points vs 07-2026
09-2026: 3.5%▲ +0.7 percentage points vs 08-2026
10-2026: 5.9%▲ +2.4 percentage points vs 09-2026highest value
Credit of up to €50,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity insufficient (current ratio 0.43, compared with 0.4 in 2023, below 1; short-term debt: 29.6% and cash: 7.3% of total assets), and 47% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 49% on solvency, 36% on liquidity, 91% on profitability and 66% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 85 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline24-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
14 days early
2023
34 days early
2022
3 days early
2021
2 days early
2020
33 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 21 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Purpose · NameName change · Purpose change…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Registered officeRegistered-office move · Power of…
Key points
By topic
Timeline
- Events
- 30
- Since
- 2000
- 27-06-2024Annual accounts filed
- 28-07-2023Annual accounts filed
- 31-12-2022Highest result from 2018 to 2024
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 10-07-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 4
- Financial year
- From 1 October to 30 September
- Annual meeting
- Second Saturday of March at 10:00
- Purpose
- “Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten…” (deed in Dutch)
Key facts about Madie
- What is the company number of Madie?
- 0463.815.396. In Belgium the VAT number is the company number with BE in front: BE 0463.815.396.
- Where is Madie based?
- The registered office is at Vaartdijk-Zuid 21, 8432 Middelkerke.Company details
- What is the legal form of Madie?
- Private limited company (BV).
- When was Madie founded?
- On 10-07-1998.
- Is Madie still active?
- Yes, Madie is an active enterprise in the KBO register.
- How many employees does Madie have?
- On average 15.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of Madie?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is Madie profitable?
- In financial year 2024, Madie made a profit of €305,947.
- Where can I find the annual accounts of Madie?
- Madie filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies
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