Equity
-€17,006
Debts exceed assets in financial year 2025.
MADLEN
Lifetime
18 annual accounts with figures on one time axispeak €25,499 (2023)
€10,708▼ 28.4%
lowest -€17,747 (2010)
-€14,631▼ €8,197
peak €4,058 (2023)
-€17,006▼ €14,631
€25,270▲ 472%
peak 1.9 FTE (2009)
-not published
Board2 names since 2017
1 director
Documentsfilings and deeds
18-09-202649 days late
2025micro format
Gross margin from €14,948 to €10,708Loss of €14,631Equity from -€2,376 to -€17,006Debts from €4,415 to €25,270Cash from €332 to €117
Key points
from the 2025 annual accountsLosses
-€21,064 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €50,000 estimated
The accounts state no turnover.
Debts
€25,270 306% of the balance sheet
Suppliers 28%Taxes and wages 15%Other 57%
Filings
18 annual accounts since 2006
Four of the last ten came late. The 2018 accounts came latest: 56 days after the end of the period.
Position in the sector
-205.8%
Lower solvency than 90% of companies in personal services. Sector median 26.7% · 6,259 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,618 companies had the same profile as MADLEN has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,618 companies, not a prediction for MADLEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0869780687
Registered office moved to Tervuren
New registered office: Brusselsesteenweg 110, 3080 Tervuren · Change of role: , from manager to director · Director discharge: (manager) · General meeting of 16-12-2023 · Gazette deed
Transfer of 50 shares from to
Resignation: (manager and shareholder) · General meeting of 30-09-2017 · Gazette deed
Incorporation
published on 12-11-2004 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MADLEN Tervuren | €8,263 | €10,708 | -205.8% | - |
| COCOON BEAUTY CENTER Wemmel | €10,233 | €6,478 | -181.1% | - |
| ARGILE ET SPIRULINE Wemmel | €5,482 | €7,253 | -72.0% | - |
| COSMEDIA Meise | €12,191 | €7,193 | 75.0% | - |
| Axian Hemiksem | €8,057 | €7,110 | 39.7% | - |
| Godfried Brasschaat | €6,115 | €7,748 | -329.6% | - |
| MIMOUNE Molenbeek-Saint-Jean | €12,602 | €7,502 | 100.0% | - |
These companies have the same main activity as MADLEN: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €5,480 and €12,600, founded between 1995 and 2010.
Official details
Source: KBO- Status
- Active since 02-11-2004Normal situation
- Activity
- Beauty care and other beauty treatmentsNACE 96220and 1 other
- Establishment unit
- 2.143.206.9813080 Tervuren, since 02-11-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Insights on MADLEN
MADLEN files the micro format. That format states no turnover. The gross margin fell from €14,506 in 2006 to €10,708 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MADLEN
- What is the company number of MADLEN?
- The company number of MADLEN is 0869.780.687. The VAT number is the same number with BE in front: BE 0869.780.687.
- Where is MADLEN based?
- The registered office is at Brusselsesteenweg 110, 3080 Tervuren.Company details
- What does MADLEN do?
- According to the KBO register, the main activity is beauty care and other beauty treatments (NACE 96220).
- What is the legal form of MADLEN?
- MADLEN is a private limited company (BV).
- When was MADLEN founded?
- MADLEN was founded on 02-11-2004.
- Is MADLEN still active?
- Yes, MADLEN is an active enterprise in the KBO register.
- How many employees does MADLEN have?
- MADLEN had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MADLEN?
- The turnover in financial year 2025 is ≈ €50,000. This figure is estimated from the gross margin of €10,708 and 32 comparable companies (NACE 96220). It probably lies between €36,000 and €98,000. It is a rough estimate.
- Is MADLEN profitable?
- In financial year 2025, MADLEN made a loss of €14,631.
- Where can I find the annual accounts of MADLEN?
- MADLEN filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MADLEN due?
- MADLEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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