MADISO
ActiveThe computed 12-month bankruptcy probability of MADISO is 2.3% (moderate). The 2025 annual accounts show equity of €72k and a net result of €81k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 7391 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+22
Solvency59▼-41
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 3.2 in 2024; short-term debt: 65.7% and cash: 47.1% of total assets), and 65.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
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
34.3%
Return on assets
38.6%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
16 d early
2024
on the day
2023
5 d early
2022
21 d early
2021
23 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€72k▼ 27.9%
2024 · €100k
2021: €47k
2022: €82k
2023: €90k
2024: €100k
2021 → 2025
Total assets
€209k▲ 63.0%
2024 · €128k
2021: €73k
2022: €121k
2023: €122k
2024: €128k
2021 → 2025
Net result
€81k▲ 744%
2024 · €10k
2021: €37k
2022: €35k
2023: €9k
2024: €10k
2021 → 2025
Working capital
€41k▼ 35.0%
2024 · €63k
2021: €23k
2022: €30k
2023: €45k
2024: €63k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€82k▲ 74.7%€90k▲ 10.4%€100k▲ 10.6%€72k▼ 27.9%
Operating result€46k-€44k▼ 2.9%€28k▼ 37.7%€17k▼ 37.8%€103k▲ 501%
Net result€37k-€35k▼ 4.9%€9k▼ 75.6%€10k▲ 12.3%€81k▲ 744%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 501% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209k
Fixed assets
€31k▼ 15.7%
Current assets
€178k▲ 94.4%
Equity and liabilities €209k
Equity
€72k▼ 27.9%
Debt
€137k▲ 379%
The debt ratio rises from 22.3% to 65.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€113k▲
2024 · €29k
Cash flow
€90k▲
2024 · €21k
Solvency
34.3%▼
2024 · 77.7%
Current ratio
1.30▼
2024 · 3.20
Quick ratio
1.30▼
2024 · 2.47
Debt / equity
1.91▲
2024 · 0.29
ROE
112.3%▲
2024 · 9.6%
ROA
38.6%▲
2024 · 7.4%
Interest coverage
28.17▲
2024 · 6.65
Debt
€137k▲
2024 · €29k
Debt ≤ 1 year
€137k▲
2024 · €29k
Income taxes
€19k▲
2024 · €3k
Staff costs
€0▼
2024 · €5k
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€128k€209k▲
Fixed assets21/28€37k€31k▼
Tangible fixed assets22/27€37k€31k▼
Land and buildings22€23k€20k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€3k€4k▲
Current assets29/58€92k€178k▲
Stocks and contracts in progress3€21k€0▼
Contracts in progress37€21k€0▼
Amounts receivable within one year40/41€45k€80k▲
Trade receivables40€37k€70k▲
Other amounts receivable41€8k€10k▲
Cash at bank and in hand54/58€26k€99k▲
Deferred charges and accrued income490/1€207€0▼
Equity and liabilities
Total equity and liabilities10/49€128k€209k▲
Equity10/15€100k€72k▼
Contributions10/11€10k€10k=
Reserves13€80k€0▼
Distributable reserves133€80k€0▼
Profit (loss) carried forward14€10k€62k▲
Amounts payable17/49€29k€137k▲
Amounts payable within one year42/48€29k€137k▲
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€509€20k▲
Taxes450/3€509€20k▲
Other amounts payable47/48€20k€114k▲
Income statement
Code20242025
Remuneration, social security and pensions62€5k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼
Other operating charges640/8€684€714▲
Gross operating margin9900€35k€114k▲
Operating profit (loss)9901€17k€103k▲
Financial income75/76B€13€30▲
Recurring financial income75€13€30▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€13k€99k▲
Income taxes67/77€3k€19k▲
Profit (loss) for the period9904€10k€81k▲
Profit (loss) for the period to be appropriated9905€10k€81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€90k▲
Profit (loss) brought forward from the previous period14P€9k€10k▲
Transfer from equity791/2-€80k
Transfer to equity691/2€9k€0▼
To other reserves6921€9k€0▼
Profit to be distributed694/7-€109k
Return on contributions (dividend)694-€100k
Directors or managers695-€9k
The notes to these accounts (11 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €81k ▲744%
Operating result €103k, net result €81k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €9k ▼75.6%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wevelgem · 2 establishment units since 2020
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.
Vijverlaan 548560 WevelgemGround area
664 m²
Building footprint
359 m²
Volume, LiDAR
1,897 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MADISO
since 20202.298.711.146
Grill On Wheels
since 20262.384.827.746
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0391/00H005 | Flanders | 415 m² | 1 · 143 m² | 7.5 m · 1 fl. |
| 34012D0062/00H000 | Flanders | 249 m² | 1 · 216 m² | 11.5 m · 2 fl. |
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 siteWevelgem2.384.827.746
Similar companies · same sector, comparable size
KW RENOVATIONS
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K-ABUILD
BE 0464.264.368
Temse · Eq €72k
DE KEYPROJECT
BE 1002.131.942
Rijkevorsel · Eq €72k
RM CONSTRUCTION
BE 0632.990.326
Wemmel · Eq €72k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 13,237 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.