MADIGO
ActiveThe computed 12-month bankruptcy probability of MADIGO is 1.8% (moderate). The 2025 annual accounts show equity of €384k and a net result of €67k. Equity is growing by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 3609 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-13
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.17 in 2024), and 34.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
65.7%
Return on assets
11.4%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
27 d late
2023
1 d late
2022
on the day
2021
37 d early
2020
31 d late
2019
38 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€67k▼ 30.1%
2024 · €96k
2018: €19k
2019: €636
2020: €56k
2021: €56k
2022: €92k
2023: €55k
2024: €96k
2018 → 2025
Working capital
€200k▲ 31.9%
2024 · €151k
2018: €-23k
2019: €-14k
2020: €77k
2021: €103k
2022: €37k
2023: €134k
2024: €151k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€191k▲ 2.7%€246k▲ 29.0%€318k▲ 29.1%€384k▲ 21.0%
Operating result€72k-€124k▲ 71.1%€81k▼ 34.9%€131k▲ 63.1%€93k▼ 29.0%
Net result€56k-€92k▲ 64.1%€55k▼ 39.9%€96k▲ 72.9%€67k▼ 30.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €586k
Fixed assets
€222k▼ 8.8%
Current assets
€363k▲ 29.4%
Equity and liabilities €586k
Equity
€384k▲ 21.0%
Debt
€201k▼ 2.7%
The debt ratio falls from 39.4% to 34.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€182k▼
2024 · €206k
Cash flow
€155k▼
2024 · €170k
Solvency
65.7%▲
2024 · 60.6%
Current ratio
2.22▲
2024 · 2.17
Quick ratio
2.12▲
2024 · 2.04
Debt / equity
0.52▼
2024 · 0.65
ROE
17.4%▼
2024 · 30.1%
ROA
11.4%▼
2024 · 18.2%
Interest coverage
27.86▼
2024 · 34.16
Debt
€201k▼
2024 · €207k
Debt ≤ 1 year
€164k▲
2024 · €129k
Debt > 1 year
€37k▼
2024 · €67k
Income taxes
€22k▼
2024 · €30k
Staff costs
€702k▲
2024 · €647k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€524k€586k▲
Formation expenses20€0-
Fixed assets21/28€243k€222k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€243k€222k▼
Plant, machinery and equipment23€88k€86k▼
Furniture and vehicles24€155k€136k▼
Current assets29/58€281k€363k▲
Stocks and contracts in progress3€17k€16k▼
Stocks30/36€17k€16k▼
Amounts receivable within one year40/41€30k€35k▲
Trade receivables40€13k€13k▲
Other amounts receivable41€17k€22k▲
Cash at bank and in hand54/58€228k€296k▲
Deferred charges and accrued income490/1€6k€17k▲
Equity and liabilities
Total equity and liabilities10/49€524k€586k▲
Equity10/15€318k€384k▲
Contributions10/11€19k€19k=
Reserves13€299k€366k▲
Distributable reserves133€299k€366k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€207k€201k▼
Amounts payable after more than one year17€67k€37k▼
Financial debts170/4€67k€37k▼
Amounts payable within one year42/48€129k€164k▲
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€41k€76k▲
Suppliers440/4€41k€76k▲
Taxes, remuneration and social security45€49k€49k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€45k€45k▲
Other amounts payable47/48€8k€7k▼
Accrued charges and deferred income492/3€10k€59▼
Income statement
Code20242025
Remuneration, social security and pensions62€647k€702k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€88k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€857k€886k▲
Operating profit (loss)9901€131k€93k▼
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€125k€88k▼
Income taxes67/77€30k€22k▼
Profit (loss) for the period9904€96k€67k▼
Profit (loss) for the period to be appropriated9905€96k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€67k▼
Transfer from equity791/2€24k-
Transfer to equity691/2€96k€67k▼
To other reserves6921€96k€67k▼
Profit to be distributed694/7€24k-
Return on contributions (dividend)694€24k-
Social balance
Average headcount (FTE)908719.921.2▲
The notes to these accounts (9 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €96k ▲72.9%
Operating result €131k, net result €96k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
31-12
Financial
Equity above €200kEq €246k ▲29%
6 profitable years in a row build equity to €246k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €186k ▲43.3%
4 profitable years in a row build equity to €186k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.80
Current ratio from 0.82 to 1.80.
31-12
Financial
Equity above €100kEq €130k ▲75.3%
3 profitable years in a row build equity to €130k.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
31-12
Financial
Weakest financial yearnet €636 ▼96.6%
Net result drops to €636, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Theux · 2 establishment units since 2012
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.
Rue Petit-Jonckeu 494910 TheuxGround area
2,562 m²
Building footprint
100 m²
Volume, LiDAR
641 m³
2 parcels, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MADIGO
since 20122.209.834.895
MADIGO
since 20222.329.748.869
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63060D0024/00L002 | Wallonia | 1,356 m² | 1 · 100 m² | 7.7 m · 2 fl. |
| 63038B0954/00G000 | Wallonia | 1,206 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyJalhay2.209.834.895
Similar companies · same sector, comparable size
L&Z
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Multi-Stone
BE 0458.228.394
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REO-CATERING
BE 0863.817.860
Roeselare · Eq €385k
CASAMI
BE 0835.823.165
Koksijde · Eq €384k
Devisch Jelle
BE 0722.791.639
Diksmuide · Eq €384k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 6,930 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-2012
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
93299Other amusement and recreation activities
56210Event catering
56301Cafés and bars
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.