MADISON INTERNATIONAL

Active

Private limited companyfounded 2016active for 9 yearsFrankrijklei 156/158, 2000 Antwerpen, BelgiumKBO/BCE: BE 0666.740.287

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

MADISON INTERNATIONAL has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €376,188 and a net result of €357,045. Equity is growing by about 49% per year across the filed financial years. Its solvency ranks better than 42% of 376 sector peers (NACE 78, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

MADISON INTERNATIONALActiveChecked score 85/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 28-11-2016 Normal situation
Legal form: Private limited company
Registered office: Frankrijklei 156/158, 2000 Antwerpen
Activity: Employment placement agencies NACE 78100
Establishment unit: 2.259.525.423 2000 Antwerpen, since 28-11-2016
Financial year end: 30 September
Peppol: Reachable since 24-11-2023

Company details

Who decides

Board

THOMAS VLEUGELSDirector · since 01-06-2019
THOMAS SWENNENDirector · since 21-11-2019
Noyen consultingDirector · since 14-06-2024 · permanent representative NOYEN Willem,Mark Marleen

Shareholders

Noyen consulting20%annual accounts 2025

Board & ownership

How it is doing

85 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.4%

Annual accounts to 30-09-2025

Gross margin: €3.0m; ▲ 18.0%
Turnover: ≈ €5.1m; estimated
Profit: €357,045; ▼ 9.1%
Equity: €376,188; ▲ 24.9%
Total assets: €2.1m; ▲ 6.3%
Staff: 23.5 FTE; ▲ 23.0%

2025 accounts 1 day early

Filed on 29-04-2026PDF

Financials

Why 85raises riskEquity €376,188 (17.9% of total assets)Size: 23.5 FTE, total assets €2.1mlowers riskFigures for financial year 2025 (filed 29-04-2026)Profit of €357,045 (financial year 2025)Show the evidence

Checked score

Score 2025

85 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 55% of its sector peers (NACE 78, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 43+3

equity 17.9% of total assets

Liquidity 25+16

short-term debt 80.7% · cash 15.5%

Profitability 90-4

return on assets 17.0%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (195 companies, NACE 78, small)

Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.8%▲ +0.1 percentage points vs 03-2025highest value 05-2025: 0.6%▼ -0.2 percentage points vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.8%▲ +0.2 percentage points vs 03-2026 05-2026: 0.4%▼ -0.4 percentage points vs 04-2026lowest value 06-2026: 0.4%● unchanged vs 05-2026lowest value 07-2026: 0.4%● unchanged vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.15, compared with 1.08 in 2024, below the usual 1.5; short-term debt: 80.7% and cash: 15.5% of total assets), and 82.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, small): better than 37% on solvency, 21% on liquidity, 81% on profitability and 82% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Equity €376,188 (17.9% of total assets)

NBB · annual accounts

Figures for financial year 2025 (filed 29-04-2026)

NBB · annual accounts

Size: 23.5 FTE, total assets €2.1m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Profit of €357,045 (financial year 2025)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

1 day early

2024

on the day

2023

8 days early

2022

6 days early

2021

18 days early

2020

on the day

2019

15 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 78) for financial year 2024 is 14 days before the deadline, and 30% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 April (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end01-11-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Among the best 10% on net resultsector median €21,053 · 376 companies €357,045 View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Positive: 7 profitable years in a rowprofit 2025: €357,045 7 years View

Documents

Key facts about MADISON INTERNATIONAL

What is the company number of MADISON INTERNATIONAL?: 0666.740.287. In Belgium the VAT number is the company number with BE in front: BE 0666.740.287.
Where is MADISON INTERNATIONAL based?: The registered office is at Frankrijklei 156/158, 2000 Antwerpen.Company details
What does MADISON INTERNATIONAL do?: According to the KBO register, the main activity is employment placement agencies (NACE 78100).
What is the legal form of MADISON INTERNATIONAL?: Private limited company (BV).
When was MADISON INTERNATIONAL founded?: On 28-11-2016.
Is MADISON INTERNATIONAL still active?: Yes, MADISON INTERNATIONAL is an active enterprise in the KBO register.
How many employees does MADISON INTERNATIONAL have?: On average 23.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MADISON INTERNATIONAL?: ≈ €5.1m in financial year 2025. Estimated from the gross margin of €3.0m: probably between €3.5m and €8.4m, based on 1,586 comparable companies of the same size. A rough estimate.
Is MADISON INTERNATIONAL profitable?: In financial year 2025, MADISON INTERNATIONAL made a profit of €357,045.
Where can I find the annual accounts of MADISON INTERNATIONAL?: MADISON INTERNATIONAL filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of MADISON INTERNATIONAL due?: By 30-04-2027, for financial year 2026.Timeline