MADIOR
ActiveThe computed 12-month bankruptcy probability of MADIOR is 2.3% (moderate). The 2025 annual accounts show negative equity (€-12k) and a net result of €-4k. Equity is shrinking by ~60.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 18024 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33▼-8
Growth32=
Stability100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.85 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-24.1%
Return on assets
-7.2%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€12k
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 08-07-2026, 23 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
23 d early
2024
29 d late
2023
19 d early
2022
17 d early
2021
46 d late
2020
411 d late
2019
717 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€31k
EBIT margin
1.8%
Net result
€-4k▲ 50.1%
2024 · €-7k
2018: €551
2019: €-3k
2020: €-8k
2021: €-444
2022: €-906
2023: €-6k
2024: €-7k
2018 → 2025
Working capital
€-56k▼ 539%
2024 · €-9k
2018: €5k
2019: €15k
2020: €6k
2021: €6k
2022: €-27k
2023: €-25k
2024: €-9k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€5k▼ 15.3%€-1k€-9k▼ 562%€-12k▼ 42.3%
Operating result€-364-€-820▼ 125%€-6k▼ 603%€-4k▲ 26.2%€-4k▲ 17.2%
Net result€-444-€-906▼ 104%€-6k▼ 597%€-7k▼ 16.8%€-4k▲ 50.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
Assets €51k
Fixed assets
€43k
Current assets
€8k
Key figures and ratios
EBITDA
€5k
Cash flow
€5k
Solvency
-24.1%▼
2024 · -17.7%
Current ratio
0.13▼
2024 · 0.85
Quick ratio
0.11▼
2024 · 0.67
Debt / equity
-5.15▲
2024 · -6.65
ROE
29.7%▼
2024 · 84.9%
ROA
-7.2%▲
2024 · -15.0%
Interest coverage
30.35
Debt
€64k▲
2024 · €58k
Debt ≤ 1 year
€64k▲
2024 · €58k
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€49k€51k▲
Fixed assets21/28-€43k
Tangible fixed assets22/27-€43k
Furniture and vehicles24-€43k
Current assets29/58€49k€8k▼
Stocks and contracts in progress3€11k€927▼
Stocks30/36€11k€927▼
Amounts receivable within one year40/41€26k€2k▼
Trade receivables40€24k€2k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€13k€4k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€49k€51k▲
Equity10/15€-9k€-12k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-27k€-31k▼
Amounts payable17/49€58k€64k▲
Amounts payable within one year42/48€58k€64k▲
Trade debts44€58k€49k▼
Suppliers440/4€58k€49k▼
Taxes, remuneration and social security45-€659
Taxes450/3-€659
Other amounts payable47/48-€15k
Income statement
Code20242025
Non-recurring operating income76A-€12k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8k
Other operating charges640/8€310€2k▲
Gross operating margin9900€-4k€7k▲
Operating profit (loss)9901€-4k€-4k▲
Financial income75/76B€21k-
Recurring financial income75€21k-
Non-recurring financial income76B€21k-
Financial charges65/66B€24k€161▼
Recurring financial charges65€121€161▲
Non-recurring financial charges66B€24k-
Profit (loss) for the period before taxes9903€-7k€-4k▲
Profit (loss) for the period9904€-7k€-4k▲
Profit (loss) for the period to be appropriated9905€-7k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-31k▼
Profit (loss) brought forward from the previous period14P€-20k€-27k▼
The notes to these accounts (5 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 411 days late
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 717 days late
2020
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 406 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Anderlecht · 1 establishment unit since 2015
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.
Wayezstraat 1191070 AnderlechtGround area
105 m²
Building footprint
119 m²
Volume, LiDAR
1,374 m³
Parcel 21001A0599/00K012, Brussels · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MADIOR
since 20152.267.805.362
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0599/00K012 | Brussels | 105 m² | 1 · 119 m² | 19.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 426 companies in sector 47553 we hold annual accounts for 169. 61 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-2015
Fiscal year end31-12
Activities, NACEBEL
47553Retail trade
47593Retail trade
47559Retail sale of other household articles
47599Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.