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MADLEM

Active
Private limited companyfounded 199531 years activeSpoorwegstraat 1, 2550 Kontich, BelgiumKBO/BCE: BE 0456.047.280
Summary

MADLEM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,747 and a net result of €95,879. Equity is shrinking by about 11% per year across the filed fiscal years. Its solvency ranks better than 21% of 981 sector peers (NACE 10, fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Artisanal bread and fresh pastry making
NACE 10712
1 site
Size
€243,383total assets 2025
Equity
€25,747
Profit
€95,879
Turnover not published (abridged or micro schema)
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Accounts 80 days early1 of 4 deeds read
Why 69raises risk1 change of registered office in 24 monthsEquity €25,747 (10.6% of total assets)Sector Manufacture of food products (NACE 10)lowers riskLiquidity: current ratio 1.12, cash €174,940Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 45% of its sector peers (NACE 10, micro)
Financial strength · tick = 2024
Strong
Solvency 36-64
equity 10.6% of total assets
Liquidity 50-50
short-term debt 89.4% · cash 71.9%
Profitability 100+27
return on assets 39.4%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,071 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.3 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.7%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 85.43 in 2024; short-term debt: 89.4% and cash: 71.9% of total assets), and 89.4% of the assets are financed with debt.
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 10, micro): better than 28% on solvency, 50% on liquidity, 95% on profitability and 7% on growth.

The bankruptcy probability was computed on 08-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Equity €25,747 (10.6% of total assets)
NBB · annual accounts
raises risk · Sector Manufacture of food products (NACE 10)
KBO
lowers risk · Liquidity: current ratio 1.12, cash €174,940
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 981 sector peers (2025).
NBB · sector comparison
Position among 981 sector peers
Solvency
better than 21%
← weakest strongest →
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 12-05-2026, 80 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
80 days early
2024
10 days early
2023
15 days early
2022
49 days early
2021
47 days early
2020
2 days early
2019
4 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 30 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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. Usually files around 14 June (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven months
Position in the running window
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignation: BISCOP Marina Julien Maria (enige…Appointments: MELNYK Oleksii (non-statutory director)…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Annual accounts filedfiscal year 2025 · micro…

Key points

  • Caution: Equity fell in 2025from €142,368 to €25,747 ▼ 81.9% View
  • Caution: Among the weakest 20% on equitysector median €258,854 · 981 companies €25,747 View
  • Board changedlatest change 21-08-2026 · 2 in office 2 joined · 1 left View
  • Positive: Filed on time since fiscal year 2019accounts within the deadline every year 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€243,383
Profit
€95,879
Solvency
10.6%
Total assets▲ 69.3%
Net result
20182025
Go to Financials

Timeline

Events
35
Since
1999
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2018 to 2025
  2. 21-07-2025Annual accounts filed
  3. 31-12-2024Liquidity more than doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Artisanal bread and fresh pastry makingNACE 10712
Founded
29-09-1995
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
De uitbating van frituren, koffieshops, confiserie, in de ruimste zin van het woord; De…
Go to Articles of association

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