MADIM
ActiveSummary
MADIM has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €78k and a net result of €555. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-4
Solvency95▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 6.38 against 2.89 in 2023; short-term debt: 4.8% and cash: 3.1% of total assets), and 29.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
70.2%
Return on assets
0.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
58 d late
2022
23 d late
2021
31 d late
2020
83 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€78k▲ 0.7%
2023 · €77k
Total assets
€110k▼ 11.3%
2023 · €125k
Net result
€555▼ 85.6%
2023 · €4k
Working capital
€28k▼ 0.9%
2023 · €28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€12k▼ 9.3%€20k▲ 67.5%€-3k€5k€1k▼ 70.8%
Net result€12k▼ 6.0%€19k▲ 61.2%€-3k€4k€555▼ 85.6%
Equity€58k▲ 25.0%€77k▲ 32.2%€73k▼ 4.5%€77k▲ 5.3%€78k▲ 0.7%
Total assets€67k▲ 29.5%€126k▲ 88.7%€115k▼ 9.2%€125k▲ 8.6%€110k▼ 11.3%
Debt€9k▲ 69.2%€50k▲ 452%€42k▼ 16.5%€48k▲ 14.4%€33k▼ 30.8%
Working capital€26k▲ 116%€29k▲ 15.2%€25k▼ 13.9%€28k▲ 12.3%€28k▼ 0.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 71% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €110k
Fixed assets
€77k ▼ 4.9%
Current assets
€33k ▼ 23.2%
Equity and liabilities €110k
Equity
€78k ▲ 0.7%
Debt
€33k ▼ 30.8%
Debt's share of the balance-sheet total falls from 38.2% to 29.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▼
2023 · €9k
Cash flow
€5k▼
2023 · €8k
Current ratio
6.38▲
2023 · 2.89
Debt to equity
0.42▼
2023 · 0.62
ROE
0.7%▼
2023 · 5.0%
ROA
0.5%▼
2023 · 3.1%
Interest coverage
6.55▼
2023 · 10.12
Debt ≤ 1 year
€5k▼
2023 · €15k
Debt > 1 year
€28k▼
2023 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €4k | €4k | €4k | = |
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▲ 19.4% |
| Non-recurring operating charges66A | - | €8k | - | - | - | - |
| Gross operating margin9900 | €15k | €32k | €2k | €10k | €7k | ▼ 31.2% |
| Operating profit (loss)9901 | €12k | €20k | €-3k | €5k | €1k | ▼ 70.8% |
| Financial income75/76B | - | €1k | €706 | - | - | - |
| Recurring financial income75 | - | €1k | €706 | - | - | - |
| Non-recurring financial income76B | - | €1k | - | - | - | - |
| Financial charges65/66B | - | €2k | €966 | €861 | €820 | ▼ 4.7% |
| Recurring financial charges65 | €774 | €2k | €966 | €861 | €820 | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | €12k | €19k | €-3k | €4k | €555 | ▼ 85.6% |
| Profit (loss) for the period9904 | €12k | €19k | €-3k | €4k | €555 | ▼ 85.6% |
| Profit (loss) for the period to be appropriated9905 | €12k | €19k | €-3k | €4k | €555 | ▼ 85.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67k | €126k | €115k | €125k | €110k | ▼ 11.3% |
| Fixed assets21/28 | €32k | €89k | €85k | €81k | €77k | ▼ 4.9% |
| Tangible fixed assets22/27 | €32k | €89k | €85k | €81k | €77k | ▼ 4.9% |
| Land and buildings22 | - | €89k | €85k | €81k | €77k | ▼ 4.9% |
| Current assets29/58 | €35k | €37k | €30k | €44k | €33k | ▼ 23.2% |
| Amounts receivable within one year40/41 | €29k | €35k | €25k | €37k | €30k | ▼ 19.7% |
| Trade receivables40 | - | €12k | €329 | €13k | €5k | ▼ 58.9% |
| Other amounts receivable41 | - | €22k | €25k | €25k | €25k | ▲ 0.1% |
| Cash at bank and in hand54/58 | €6k | €3k | €5k | €6k | €3k | ▼ 44.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67k | €126k | €115k | €125k | €110k | ▼ 11.3% |
| Equity10/15 | €58k | €77k | €73k | €77k | €78k | ▲ 0.7% |
| Contributions10/11 | - | €89k | €89k | €90k | €90k | = |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €-33k | €-14k | €-17k | €-13k | €-13k | ▲ 4.1% |
| Amounts payable17/49 | €9k | €50k | €42k | €48k | €33k | ▼ 30.8% |
| Amounts payable after more than one year17 | - | €42k | €37k | €32k | €28k | ▼ 14.8% |
| Financial debts170/4 | - | €42k | €37k | €32k | €28k | ▼ 14.8% |
| Amounts payable within one year42/48 | €9k | €8k | €4k | €15k | €5k | ▼ 65.2% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €5k | €4k | ▼ 7.8% |
| Trade debts44 | €532 | €2k | €170 | €10k | €570 | ▼ 94.0% |
| Suppliers440/4 | - | €2k | €170 | €10k | €570 | ▼ 94.0% |
| Taxes, remuneration and social security45 | - | €1k | €8 | €798 | €326 | ▼ 59.1% |
| Taxes450/3 | - | €1k | €8 | €798 | €326 | ▼ 59.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €19k | €-3k | €4k | €555 | ▼ 85.6% |
| + Depreciation and write-downs630 | €2k | €3k | €4k | €4k | €4k | = |
| Operating cash flow (approximation) | €14k | €22k | €536 | €8k | €5k | ▼ 42.0% |
| Investment in fixed assets (approximation) | - | €-60k | €0 | €0 | €0 | - |
| Change in cash | - | €-3k | €2k | €2k | €-3k | ▼ 263% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.38
Current ratio from 2.89 to 6.38; short-term debt falls from €15k to €5k.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €19k ▲61.2%
Operating result €20k, net result €19k, both a record.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.22
Current ratio from 0.83 to 3.22; short-term debt falls from €18k to €5k.
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
Show earlier events
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 787 days late
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 333 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2000
Ground area
517 m²
Building footprint
356 m²
Volume, LiDAR
5,060 m³
Parcel 25386B0122/03E000, Wallonia · tallest building 20.8 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue de la Gare 1, 1348 Ottignies-Louvain-la-Neuve
since 20002.093.707.188
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0122/03E000 | Wallonia | 517 m² | 1 · 356 m² | 20.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 5,113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.