MADIV
ActiveThe computed 12-month bankruptcy probability of MADIV is 2.3% (moderate). The 2024 annual accounts show equity of €40k and a net result of €2k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 63% of 9982 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-8
Solvency80▼-15
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 3.18 in 2023; short-term debt: 41.6% and cash: 30.1% of total assets), and 45.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
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 2024Solvency, return and age of the figures
Solvency
54.5%
Return on assets
2.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
44 d early
2022
25 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€40k▲ 4.6%
2023 · €38k
2022: €35k
2023: €38k
2022 → 2024
Total assets
€73k▲ 35.2%
2023 · €54k
2022: €84k
2023: €54k
2022 → 2024
Net result
€2k▼ 51.4%
2023 · €4k
2022: €30k
2023: €4k
2022 → 2024
Working capital
€37k▲ 5.8%
2023 · €35k
2022: €31k
2023: €35k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€35k-€38k▲ 10.4%€40k▲ 4.6%
Operating result€38k-€6k▼ 84.8%€4k▼ 35.8%
Net result€30k-€4k▼ 87.8%€2k▼ 51.4%
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; 2024 is 36% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €73k
Fixed assets
€6k▲ 79.2%
Current assets
€68k▲ 32.3%
Equity and liabilities €73k
Equity
€40k▲ 4.6%
Debt
€33k▲ 108%
The debt ratio rises from 29.5% to 45.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k▼
2023 · €8k
Cash flow
€5k▼
2023 · €6k
Solvency
54.5%▼
2023 · 70.5%
Current ratio
2.21▼
2023 · 3.18
Quick ratio
2.21▼
2023 · 3.18
Debt / equity
0.83▲
2023 · 0.42
ROE
4.4%▼
2023 · 9.5%
ROA
2.4%▼
2023 · 6.7%
Interest coverage
5.64▼
2023 · 7.99
Debt
€33k▲
2023 · €16k
Debt ≤ 1 year
€31k▲
2023 · €16k
Debt > 1 year
€3k
Income taxes
€791▼
2023 · €1k
Staff costs
€48
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€54k€73k▲
Fixed assets21/28€3k€6k▲
Tangible fixed assets22/27€3k€6k▲
Furniture and vehicles24€3k€6k▲
Current assets29/58€51k€68k▲
Amounts receivable within one year40/41€46k€45k▼
Trade receivables40€24k€20k▼
Other amounts receivable41€22k€26k▲
Cash at bank and in hand54/58€5k€22k▲
Deferred charges and accrued income490/1€193€193▼
Equity and liabilities
Total equity and liabilities10/49€54k€73k▲
Equity10/15€38k€40k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€33k€35k▲
Amounts payable17/49€16k€33k▲
Amounts payable after more than one year17-€3k
Financial debts170/4-€3k
Amounts payable within one year42/48€16k€31k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€5k€22k▲
Suppliers440/4€5k€22k▲
Taxes, remuneration and social security45€11k€5k▼
Taxes450/3€7k€5k▼
Remuneration and social security454/9€4k-
Income statement
Code20232024
Remuneration, social security and pensions62-€48
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€1k€387▼
Non-recurring operating charges66A-€763
Gross operating margin9900€9k€8k▼
Operating profit (loss)9901€6k€4k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€5k€3k▼
Income taxes67/77€1k€791▼
Profit (loss) for the period9904€4k€2k▼
Profit (loss) for the period to be appropriated9905€4k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€35k▲
Profit (loss) brought forward from the previous period14P€30k€33k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼51.4%
Net result drops to €2k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro 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, Dilbeek · 1 establishment unit since 2021
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.
Snikbergstraat 231700 DilbeekGround area
415 m²
Building footprint
105 m²
Volume, LiDAR
887 m³
Parcel 23016E0337/00T002, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MADIV
since 20212.317.152.628
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016E0337/00T002 | Flanders | 415 m² | 1 · 105 m² | 9.9 m · 3 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.
Similar companies · same sector, comparable size
BR_PEDROSA
BE 0757.507.741
Kraainem · Eq €40k
RENGEB
BE 1000.507.884
Wervik · Eq €40k
PROGECOO
BE 0479.133.676
Gembloux · Eq €40k
KJ-ELEKTRO
BE 0741.562.624
Kontich · Eq €40k
L.G.E Parachèvement
BE 0779.671.944
Liège · Eq €40k
Of 29,810 companies in sector 41001 we hold annual accounts for 16,032. 12,839 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43240Other construction installation
43299Specialised construction activities
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.