MADLINE
ActiveMADLINE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €63k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 6967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
75
/ 100
Excellent▼ -19 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency54▼-31
Growth58=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 24.24 in 2024), and 70.8% 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.
−lowers risk+raises risk○neutral
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
29.2%
Return on assets
45%
Age of the figures
8 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
23 d early
2022
33 d early
2021
46 d early
2020
36 d early
2019
35 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▼ 47.8%
2024 · €78k
2018: €84k
2019: €87k
2020: €64k
2021: €80k
2022: €113k
2023: €12k
2024: €78k
2018 → 2025
Total assets
€139k▼ 27.0%
2024 · €191k
2018: €124k
2019: €99k
2020: €106k
2021: €129k
2022: €250k
2023: €142k
2024: €191k
2018 → 2025
Net result
€63k▼ 5.0%
2024 · €66k
2018: €44k
2019: €4k
2020: €-24k
2021: €16k
2022: €27k
2023: €-101k
2024: €66k
2018 → 2025
Working capital
€37k▼ 79.9%
2024 · €182k
2018: €83k
2019: €88k
2020: €57k
2021: €71k
2022: €211k
2023: €115k
2024: €182k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€80k-€113k▲ 41.5%€12k▼ 89.5%€78k▲ 555%€41k▼ 47.8%
Operating result€21k-€37k▲ 78.0%€71k▲ 91.2%€71k▲ 0.5%€73k▲ 2.3%
Net result€16k-€27k▲ 67.4%€-101k€66k€63k▼ 5.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139k
Fixed assets
€4k▲ 247%
Current assets
€135k▼ 28.8%
Equity and liabilities €139k
Equity
€41k▼ 47.8%
Debt
€99k▼ 12.7%
The debt ratio rises from 59.2% to 70.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€74k▲
2024 · €72k
Cash flow
€64k▼
2024 · €67k
Solvency
29.2%▼
2024 · 40.8%
Current ratio
1.37▼
2024 · 24.24
Quick ratio
1.37▼
2024 · 24.24
Debt / equity
2.43▲
2024 · 1.45
ROE
154.3%▲
2024 · 84.7%
ROA
45.0%▲
2024 · 34.6%
Interest coverage
645.26▲
2024 · 13.48
Debt
€99k▼
2024 · €113k
Debt ≤ 1 year
€98k▲
2024 · €8k
Debt > 1 year
€0▼
2024 · €105k
Income taxes
€11k▲
2024 · €479
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€191k€139k▼
Fixed assets21/28€1k€4k▲
Tangible fixed assets22/27€1k€4k▲
Furniture and vehicles24€1k€4k▲
Current assets29/58€190k€135k▼
Amounts receivable within one year40/41€31k€36k▲
Trade receivables40€18k€22k▲
Other amounts receivable41€13k€14k▲
Cash at bank and in hand54/58€157k€97k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€191k€139k▼
Equity10/15€78k€41k▼
Contributions10/11€19k€19k=
Reserves13€67k€16k▼
Distributable reserves133€67k€16k▼
Profit (loss) carried forward14€-8k€6k▲
Amounts payable17/49€113k€99k▼
Amounts payable after more than one year17€105k€0▼
Financial debts170/4€105k€0▼
Amounts payable within one year42/48€8k€98k▲
Trade debts44€875€3k▲
Suppliers440/4€875€3k▲
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€7k€11k▲
Remuneration and social security454/9€0-
Other amounts payable47/48-€85k
Accrued charges and deferred income492/3€163€169▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-2k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€74k€76k▲
Operating profit (loss)9901€71k€73k▲
Financial income75/76B€657€1k▲
Recurring financial income75€657€1k▲
Financial charges65/66B€5k€115▼
Recurring financial charges65€5k€115▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€67k€74k▲
Income taxes67/77€479€11k▲
Profit (loss) for the period9904€66k€63k▼
Profit (loss) for the period to be appropriated9905€66k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€55k▲
Profit (loss) brought forward from the previous period14P€-74k€-8k▲
Transfer from equity791/2-€51k
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 24.24
Current ratio from 5.63 to 24.24; short-term debt falls from €25k to €8k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-101k ▼475%
Net result drops to €-101k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 7.76
Current ratio from 2.70 to 7.76; short-term debt falls from €41k to €31k.
31-12
Financial
Equity above €100kEq €113k ▲41.5%
2 profitable years in a row build equity to €113k.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 9.34
Current ratio from 3.06 to 9.34; short-term debt falls from €40k to €11k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Wavre · 1 establishment unit since 2016
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.
Avenue Baudelaire 91300 WavreGround area
696 m²
Building footprint
127 m²
Volume, LiDAR
800 m³
Parcel 25772H0069/00W000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Madline
since 20162.259.631.529
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772H0069/00W000 | Wallonia | 696 m² | 1 · 127 m² | 8.7 m · 2 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.
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Of 13,391 companies in sector 73300 we hold annual accounts for 6,882. 5,377 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2016
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:matthieu.halet@gmail.com
Phone:0479678761