MADMALI
ActiveMADMALI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €-4k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 81% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▲+14
Solvency99▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.89 against 4.34 in 2024; short-term debt: 25.7% and cash: 100% of total assets), and 25.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
74.3%
Return on assets
-6.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
30 d late
2022
25 d late
2021
30 d late
2020
27 d late
2019
69 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▼ 7.8%
2024 · €57k
2018: €50k
2019: €51k
2020: €54k
2021: €40k
2022: €71k
2023: €66k
2024: €57k
2018 → 2025
Total assets
€71k▼ 4.4%
2024 · €74k
2018: €629k
2019: €194k
2020: €141k
2021: €587k
2022: €172k
2023: €86k
2024: €74k
2018 → 2025
Net result
€-4k▲ 50.1%
2024 · €-9k
2018: €3k
2019: €1k
2020: €2k
2021: €-13k
2022: €31k
2023: €-6k
2024: €-9k
2018 → 2025
Working capital
€52k▼ 7.8%
2024 · €57k
2018: €50k
2019: €51k
2020: €54k
2021: €435k
2022: €71k
2023: €66k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€71k▲ 76.6%€66k▼ 8.0%€57k▼ 13.5%€52k▼ 7.8%
Operating result€-8k-€48k€-2k€-4k▼ 146%€-2k▲ 43.3%
Net result€-13k-€31k€-6k€-9k▼ 55.8%€-4k▲ 50.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €71k
Equity
€52k▼ 7.8%
Debt
€18k▲ 6.6%
The debt ratio rises from 23.0% to 25.7%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
74.3%▼
2024 · 77.0%
Current ratio
3.89▼
2024 · 4.34
Quick ratio
3.89▼
2024 · 4.34
Debt / equity
0.35▲
2024 · 0.30
ROE
-8.4%▲
2024 · -15.6%
ROA
-6.2%▲
2024 · -12.0%
Debt
€18k▲
2024 · €17k
Debt ≤ 1 year
€18k▲
2024 · €17k
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€74k€71k▼
Current assets29/58€74k€71k▼
Amounts receivable within one year40/41€233-
Other amounts receivable41€233-
Cash at bank and in hand54/58€74k€71k▼
Equity and liabilities
Total equity and liabilities10/49€74k€71k▼
Equity10/15€57k€52k▼
Contributions10/11€40k€40k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Profit (loss) carried forward14€13k€8k▼
Amounts payable17/49€17k€18k▲
Amounts payable within one year42/48€17k€18k▲
Trade debts44€266€2k▲
Suppliers440/4€266€2k▲
Other amounts payable47/48€17k€17k▼
Income statement
Code20242025
Gross operating margin9900€-4k€-2k▲
Operating profit (loss)9901€-4k€-2k▲
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€-9k€-4k▲
Profit (loss) for the period9904€-9k€-4k▲
Profit (loss) for the period to be appropriated9905€-9k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€8k▼
Profit (loss) brought forward from the previous period14P€22k€13k▼
The notes to these accounts (3 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 4.28
Current ratio from 1.71 to 4.28; short-term debt falls from €100k to €20k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-13k ▼671%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 5.51
Current ratio from 1.61 to 5.51.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Martens-Latem · 1 establishment unit since 2011
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.
Klapstraat 55+9831 Sint-Martens-LatemGround area
821 m²
Building footprint
136 m²
Volume, LiDAR
887 m³
Parcel 44015B0280/00H004, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Klapstraat 55+, 9831 Sint-Martens-Latem
since 20112.234.707.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015B0280/00H004 | Flanders | 821 m² | 1 · 136 m² | 8.9 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.
Similar companies · same sector, comparable size
GEMATH
BE 0818.016.638
Landen · Eq €52k
CAPITALL CONSTRUCT
BE 0801.586.620
Knokke-Heist · Eq €52k
Xpert IMMO
BE 0563.951.763
Ukkel · Eq €52k
WEngineer
BE 0723.770.052
Brussel · Eq €52k
TRADING INTERNATIONAL AGRO - MIXTE IMMO
BE 0462.396.129
Brussel · Eq €53k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-06-2011
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.