MADISON CONSULT
ActiveMADISON CONSULT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354k and a net result of €29k. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 6971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-42
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 7.7 against 5.07 in 2024), and 12.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
87.6%
Return on assets
7.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
8 d early
2023
35 d early
2022
53 d early
2021
34 d early
2020
51 d early
2019
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€354k▲ 8.8%
2024 · €325k
2019: €94k
2020: €144k
2021: €170k
2022: €186k
2023: €271k
2024: €325k
2019 → 2025
Total assets
€404k▼ 0.6%
2024 · €406k
2019: €175k
2020: €179k
2021: €245k
2022: €278k
2023: €395k
2024: €406k
2019 → 2025
Net result
€29k▼ 47.0%
2024 · €54k
2019: €79k
2020: €77k
2021: €69k
2022: €82k
2023: €128k
2024: €54k
2019 → 2025
Working capital
€303k▲ 10.9%
2024 · €273k
2019: €90k
2020: €139k
2021: €153k
2022: €161k
2023: €226k
2024: €273k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€170k-€186k▲ 9.1%€271k▲ 46.0%€325k▲ 20.0%€354k▲ 8.8%
Operating result€93k-€110k▲ 18.3%€171k▲ 55.2%€67k▼ 60.7%€25k▼ 63.0%
Net result€69k-€82k▲ 18.6%€128k▲ 55.8%€54k▼ 57.7%€29k▼ 47.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 63% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404k
Fixed assets
€56k▼ 15.7%
Current assets
€348k▲ 2.3%
Equity and liabilities €404k
Equity
€354k▲ 8.8%
Debt
€50k▼ 38.4%
The debt ratio falls from 20.0% to 12.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€35k▼
2024 · €78k
Cash flow
€39k▼
2024 · €65k
Solvency
87.6%▲
2024 · 80.0%
Current ratio
7.70▲
2024 · 5.07
Quick ratio
7.70▲
2024 · 5.07
Debt / equity
0.14▼
2024 · 0.25
ROE
8.1%▼
2024 · 16.7%
ROA
7.1%▼
2024 · 13.4%
Interest coverage
7.84▼
2024 · 38.21
Debt
€50k▼
2024 · €81k
Debt ≤ 1 year
€45k▼
2024 · €67k
Debt > 1 year
€5k▼
2024 · €14k
Income taxes
€12k▼
2024 · €22k
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€406k€404k▼
Fixed assets21/28€66k€56k▼
Tangible fixed assets22/27€66k€56k▼
Land and buildings22€46k€43k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€18k€11k▼
Current assets29/58€340k€348k▲
Amounts receivable after more than one year29€119k€119k=
Other amounts receivable291€119k€119k=
Amounts receivable within one year40/41€212k€229k▲
Trade receivables40€14k€29k▲
Other amounts receivable41€198k€200k▲
Current investments50/53€9k-
Cash at bank and in hand54/58-€0
Equity and liabilities
Total equity and liabilities10/49€406k€404k▼
Equity10/15€325k€354k▲
Contributions10/11€12k€14k▲
Reserves13€312k€338k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€310k€338k▲
Profit (loss) carried forward14€856€2k▲
Amounts payable17/49€81k€50k▼
Amounts payable after more than one year17€14k€5k▼
Financial debts170/4€14k€5k▼
Amounts payable within one year42/48€67k€45k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43€7k€8k▲
Credit institutions430/8€7k€8k▲
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€4k€19k▲
Taxes450/3€4k€19k▲
Other amounts payable47/48€43k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€607€795▲
Gross operating margin9900€79k€36k▼
Operating profit (loss)9901€67k€25k▼
Financial income75/76B€11k€20k▲
Recurring financial income75€11k€20k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€77k€41k▼
Income taxes67/77€22k€12k▼
Profit (loss) for the period9904€54k€29k▼
Profit (loss) for the period to be appropriated9905€54k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€30k▼
Profit (loss) brought forward from the previous period14P€693€856▲
Transfer to equity691/2€54k€28k▼
To other reserves6921€54k€28k▼
The notes to these accounts (8 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €29k ▼47%
Net result drops to €29k, the lowest in the series.
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €128k ▲55.8%
Operating result €171k, net result €128k, both a record.
30-06
Financial
Equity above €200kEq €271k ▲46%
5 profitable years in a row build equity to €271k.
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €150kEq €170k ▲18.4%
3 profitable years in a row build equity to €170k.
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 4.98
Current ratio from 2.12 to 4.98; short-term debt falls from €81k to €35k.
30-06
Financial
Equity above €100kEq €144k ▲53.2%
2 profitable years in a row build equity to €144k.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
09-12
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
3 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, Brussel · 1 establishment unit since 1998
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.
Vogelvangersweg 1051000 BrusselGround area
1,308 m²
Building footprint
911 m²
Volume, LiDAR
12,400 m³
2 parcels, Brussels · tallest building 24.8 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
MADISON CONSULT
since 19982.086.411.996
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0329/00H006 | Brussels | 751 m² | 1 · 747 m² | 24.8 m · 7 fl. |
| 21822R0287/00T008 | Brussels | 557 m² | 1 · 164 m² | 10.9 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
Legal Entity Identifier
254900MQEH78NVZR9072
Similar companies · same sector, comparable size
QUENTOR
BE 0477.543.272
Ukkel · Eq €354k
1-MORE-THING
BE 0466.117.068
Elsene · Eq €355k
HOLDING WALLONIE INVEST
BE 0476.492.605
Anderlues · Eq €353k
CY SALES & MARKETING
BE 0865.042.238
Gent · Eq €356k
BALENBERG
BE 0878.461.395
Tremelo · Eq €351k
Of 2,717 companies in sector 73200 we hold annual accounts for 1,785. 1,323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-1998
Fiscal year end30-06
Activities, NACEBEL
73200Market research and public opinion polling
74131
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.