MADIX
ActiveSummary
MADIX has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €400,631 and a net result of €171,362. Equity is growing by ~130.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+2
Solvency47▲+10
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.49 in 2024; short-term debt: 18.2% and cash: 1.2% of total assets), and 77.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
22.4%
Return on assets
9.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
31 d late
2022
12 d early
2021
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€400,631▲ 74.7%
2024 · €229,269
Total assets
€1.8m▼ 4.3%
2024 · €1.9m
Net result
€171,362▲ 2.4%
2024 · €167,368
Working capital
-€295,349▼ 99.5%
2024 · -€148,053
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,480-€19,881▲ 2.1%€16,644▼ 16.3%€31,767▲ 90.9%€39,488▲ 24.3%
Net result€13,312within the sector's middle half-€14,355within the sector's middle half▲ 7.8%€31,734within the sector's middle half▲ 121%€167,368above the sector's middle half▲ 427%€171,362above the sector's middle half▲ 2.4%
Equity€15,812below the sector's middle half-€30,167within the sector's middle half▲ 90.8%€61,901within the sector's middle half▲ 105%€229,269within the sector's middle half▲ 270%€400,631above the sector's middle half▲ 74.7%
Total assets€88,186within the sector's middle half-€147,350within the sector's middle half▲ 67.1%€1.9mabove the sector's middle half▲ 1,161%€1.9mabove the sector's middle half▲ 0.6%€1.8mabove the sector's middle half▼ 4.3%
Debt€72,374-€117,183▲ 61.9%€1.8m▲ 1,433%€1.6m▼ 8.7%€1.4m▼ 15.4%
Working capital-€4,131below the sector's middle half-€9,531within the sector's middle half-€35,776below the sector's middle half-€148,053below the sector's middle half▼ 314%-€295,349below the sector's middle half▼ 99.5%
Solvency17.9%below the sector's middle half-20.5%below the sector's middle half▲ 2.5pp3.3%below the sector's middle half▼ 17.1pp12.3%below the sector's middle half▲ 8.9pp22.4%below the sector's middle half▲ 10.1pp
Current ratio0.87below the sector's middle half-1.11within the sector's middle half▲ 0.230.83below the sector's middle half▼ 0.280.49below the sector's middle half▼ 0.340.09below the sector's middle half▼ 0.40
Return on assets (ROA)15.1%within the sector's middle half-9.7%within the sector's middle half▼ 5.4pp1.7%within the sector's middle half▼ 8.0pp9.0%within the sector's middle half▲ 7.2pp9.6%within the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.8m ▲ 1.7%
Current assets
€29,548 ▼ 78.9%
Equity and liabilities €1.8m
Equity
€400,631 ▲ 74.7%
Debt
€1.4m ▼ 15.4%
Debt's share of the balance-sheet total falls from 87.7% to 77.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,039▲
2024 · €41,515
Cash flow
€185,913▲
2024 · €177,116
Debt to equity
3.46▼
2024 · 7.15
ROE
42.8%▼
2024 · 73.0%
Interest coverage
0.86▲
2024 · 0.70
Debt ≤ 1 year
€324,898▲
2024 · €288,192
Debt > 1 year
€1.0m▼
2024 · €1.3m
Income taxes
€167▲
2024 · €63
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,982 | €13,823 | €2,042 | €9,748 | €14,550 | ▲ 49.3% |
| Other operating charges640/8 | €5,884 | €1,179 | €5,056 | €437 | €998 | ▲ 128% |
| Gross operating margin9900 | €32,346 | €34,883 | €23,742 | €41,953 | €55,037 | ▲ 31.2% |
| Operating profit (loss)9901 | €19,480 | €19,881 | €16,644 | €31,767 | €39,488 | ▲ 24.3% |
| Financial income75/76B | €0 | €1,856 | €32,185 | €195,364 | €194,989 | ▼ 0.2% |
| Recurring financial income75 | €0 | €1,856 | €32,185 | €195,364 | €194,989 | ▼ 0.2% |
| Financial charges65/66B | €303 | €684 | €14,629 | €59,700 | €62,948 | ▲ 5.4% |
| Recurring financial charges65 | €303 | €684 | €14,629 | €59,700 | €62,948 | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | €19,176 | €21,053 | €34,200 | €167,431 | €171,529 | ▲ 2.4% |
| Income taxes67/77 | €5,864 | €6,698 | €2,466 | €63 | €167 | ▲ 164% |
| Profit (loss) for the period9904 | €13,312 | €14,355 | €31,734 | €167,368 | €171,362 | ▲ 2.4% |
| Profit (loss) for the period to be appropriated9905 | €13,312 | €14,355 | €31,734 | €167,368 | €171,362 | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,186 | €147,350 | €1.9m | €1.9m | €1.8m | ▼ 4.3% |
| Fixed assets21/28 | €59,728 | €49,601 | €1.7m | €1.7m | €1.8m | ▲ 1.7% |
| Tangible fixed assets22/27 | €59,728 | €49,601 | €4,112 | €45,511 | €75,377 | ▲ 65.6% |
| Furniture and vehicles24 | €59,728 | €49,601 | €4,112 | €39,817 | €30,512 | ▼ 23.4% |
| Other tangible fixed assets26 | - | - | - | €5,694 | €44,865 | ▲ 688% |
| Financial fixed assets28 | - | - | €1.7m | €1.7m | €1.7m | = |
| Current assets29/58 | €28,458 | €97,749 | €170,901 | €140,138 | €29,548 | ▼ 78.9% |
| Amounts receivable within one year40/41 | €24,214 | €84,394 | €141,866 | €114,302 | €4,785 | ▼ 95.8% |
| Trade receivables40 | €24,204 | €2,529 | €45,000 | €0 | €1,815 | - |
| Other amounts receivable41 | €10 | €81,866 | €96,866 | €114,302 | €2,970 | ▼ 97.4% |
| Cash at bank and in hand54/58 | €2,888 | €11,709 | €27,226 | €24,184 | €21,736 | ▼ 10.1% |
| Deferred charges and accrued income490/1 | €1,356 | €1,645 | €1,809 | €1,652 | €3,028 | ▲ 83.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,186 | €147,350 | €1.9m | €1.9m | €1.8m | ▼ 4.3% |
| Equity10/15 | €15,812 | €30,167 | €61,901 | €229,269 | €400,631 | ▲ 74.7% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €13,312 | €27,667 | €59,401 | €226,769 | €398,131 | ▲ 75.6% |
| Amounts payable17/49 | €72,374 | €117,183 | €1.8m | €1.6m | €1.4m | ▼ 15.4% |
| Amounts payable after more than one year17 | €38,785 | €27,842 | €1.6m | €1.3m | €1.0m | ▼ 23.8% |
| Financial debts170/4 | €38,785 | €27,842 | €1.6m | €1.3m | €1.0m | ▼ 23.8% |
| Amounts payable within one year42/48 | €32,589 | €88,218 | €206,677 | €288,192 | €324,898 | ▲ 12.7% |
| Current portion of amounts payable after more than one year42 | €10,837 | €10,943 | €181,301 | €210,633 | €198,675 | ▼ 5.7% |
| Trade debts44 | €4,429 | €494 | €1,194 | €12,168 | €2,222 | ▼ 81.7% |
| Suppliers440/4 | €4,429 | €494 | €1,194 | €12,168 | €2,222 | ▼ 81.7% |
| Taxes, remuneration and social security45 | €12,990 | €22,117 | €14,510 | €5,521 | €7,334 | ▲ 32.8% |
| Taxes450/3 | €12,990 | €22,117 | €14,510 | €5,521 | €7,334 | ▲ 32.8% |
| Other amounts payable47/48 | €4,333 | €54,664 | €9,673 | €59,870 | €116,667 | ▲ 94.9% |
| Accrued charges and deferred income492/3 | €1,000 | €1,123 | €20,567 | €9,954 | €39,837 | ▲ 300% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,312 | €14,355 | €31,734 | €167,368 | €171,362 | ▲ 2.4% |
| + Depreciation and write-downs630 | €6,982 | €13,823 | €2,042 | €9,748 | €14,550 | ▲ 49.3% |
| Operating cash flow (approximation) | €20,294 | €28,178 | €33,776 | €177,116 | €185,913 | ▲ 5.0% |
| Investment in fixed assets (approximation) | - | -€3,697 | -€1.6m | -€51,147 | -€44,416 | ▲ 13.2% |
| Change in cash | - | €8,821 | €15,517 | -€3,042 | -€2,449 | ▲ 19.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €171,362 ▲2.4%
Operating result €39,488, net result €171,362, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Equity above €200,000Eq €229,269 ▲270%
4 profitable years in a row build equity to €229,269.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Overijse · 1 establishment unit since 2020
Ground area
2,411 m²
Building footprint
162 m²
Volume, LiDAR
1,017 m³
Parcel 23062N0035/00V015, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MADIX
since 20202.309.653.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062N0035/00V015 | Flanders | 2,411 m² | 1 · 162 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33%
According to the 2025 annual accounts of MADIX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 36,389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
madix.srl@gmail.com
Phone
+32479831464
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757735987
Registered
28-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.