Financials
- Financial year
- 2025
- Total assets
- €98,610
- Loss
- -€15,229
- Solvency
- 53.5%
Turnover▲ 3.3%
Net result
20192021
MadisonUnderwood
Judicial reorganisationSummary
The file of MadisonUnderwood contains 1 judicial reorganisation, as published in the Belgian Official Gazette. The KBO register currently lists the legal status of MadisonUnderwood as special situation, with no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €52,729 and a net result of -€15,229. Equity is growing by about 8.2% per year across the filed financial years. Its solvency ranks better than 65% of 1,682 sector peers (NACE 62, financial year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Antwerp
- Opened
- 16 July 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260044
- Moratorium until
- 5 November 2026
- Creditors' vote
- 28 October 2026
- Delegated judge
- Ria Verheyen
- Official Gazette
- 23-07-2026 (pdf) ↗search the document for 2026/132735
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 5 November 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Follow
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Computer consultancy and computer facilities management
NACE 62200
1 site
Size
≈ €280,000turnover 2025, estimated
- Staff
- 1.8 FTE
- Equity
- €52,729
- Loss
- -€15,229
Turnover estimated from the gross margin
Financial health
24
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Signalsraises riskIn judicial reorganisationneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
24
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
78-4
equity 53.5% of total assets
Liquidity
29-17
short-term debt 46.5% · cash 1.2%
Profitability
0-52
return on assets -15.4%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 2.08, compared with 2.22 in 2024, above the usual 1.5; short-term debt: 46.5% and cash: 1.2% of total assets), and 46.5% of the assets are financed with debt and provisions.
Signals
Two signals.
raises riskneutral
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
on the day
2023
2 days late
2022
66 days late
2021
4 days late
2020
1 day late
2019
122 days late
← 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 27 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- OpeningEnterprise Court of Antwerp ·…
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€15,229
Key points
By topic
Board & ownership
- Board
- 1 member
- BERGER EdwardDirector
Timeline
- Events
- 19
- Since
- 2013
- Next accounts
- by 31-07-2027
- 31-07-2025Annual accounts filed
- 02-08-2024Annual accounts filed
- 27-11-2023Resignation: BERGER Edward (bestuurder,voormalige zaakvoerder)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Founded
- 20-07-2011
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 20
- Annual meeting
- Last Monday of June at 14:00
- Purpose
- “ICT oplossingen aanbieden aan klanten,oplossingen van hardware en software alsook de…” (deed in Dutch)
Key facts about MadisonUnderwood
- What is the company number of MadisonUnderwood?
- 0838.042.188. In Belgium the VAT number is the company number with BE in front: BE 0838.042.188.
- Where is MadisonUnderwood based?
- The registered office is at Berkenlaan 57, 2610 Antwerpen.Company details
- What does MadisonUnderwood do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of MadisonUnderwood?
- Private limited company (BV).
- When was MadisonUnderwood founded?
- On 20-07-2011.
- Is MadisonUnderwood still active?
- Yes, MadisonUnderwood is in the KBO register. A judicial reorganisation is running.
- How many employees does MadisonUnderwood have?
- On average 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MadisonUnderwood?
- €249,836 in financial year 2021, according to the filed annual accounts.
- Is MadisonUnderwood profitable?
- In financial year 2025, MadisonUnderwood made a loss of €15,229.
- Where can I find the annual accounts of MadisonUnderwood?
- MadisonUnderwood filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MadisonUnderwood due?
- By 31-07-2027, for financial year 2026.Timeline
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Go further with this company
What should you check before you do business with this company?Supplier due diligence What were this company's board, registered office and name on a given date?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the computer consultancy and computer facilities management sector doing?Sector figures
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