Losses
-€18,917 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
MADMALI
Lifetime
15 annual accounts with figures on one time axispeak €50,215 (2022)
-€2,174▲ €1,663
lowest -€30,385 (2015)
-€4,407▲ €4,430
peak €71,330 (2022)
€52,413▼ 7.8%
€18,112▲ 6.6%
Board2 names since 2021
2 directorsVIAENE DAMIEN and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€3,837 to -€2,174Loss of €4,407
Key points
from the 2025 annual accountsFilings
15 annual accounts since 2011
Ten of the last ten came late. The 2019 accounts came latest: 69 days after the end of the period.
Position in the sector
74.3%
Higher solvency than 82% of companies in real estate. Sector median 28.9% · 17,178 companies.
Turnover not published (abbreviated or micro format)
Checked score
91
Excellent
Financially stronger than 56% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
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 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 0.4%▼ -0.1 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.3%▼ -0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.2%▼ -0.2 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Loss of €4,407, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 3.89, cash €70,525
Equity €52,413 (74.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 81% of them on solvency, 91% on liquidity, 21% on profitability and 30% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as MADMALI has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MADMALI itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,908 companies, not a prediction for MADMALI. 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
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.89 (4.34 in 2024), above the usual 1.5. Short-term debt is 25.7% and cash 100% of total assets. 25.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€4,407
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
61 days late
2023
30 days late
2022
25 days late
2021
30 days late
2020
27 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 39 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Jabbeke to Sint-Martens-Latem
New registered office: Klapstraat 55+, 9831 Sint-Martens-Latem · Previous registered office: Westernieuwweg 80, 8490 Jabbeke · General meeting of 01-06-2024 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Gent
First establishment
Klapstraat 55+, Sint-Martens-Latem
Incorporation
published on 06-07-2011 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MADMALI Sint-Martens-Latem | €70,525 | -€2,174 | 74.3% | - |
| ALUTI Sint-Laureins | €86,555 | -€10 | 70.3% | - |
| Q.T. Projects Kortrijk | €75,792 | -€2,967 | 22.8% | - |
| FERMONT IMMO Tournai | €63,639 | -€23,853 | -475.5% | - |
| Tilufra Tremelo | €57,276 | -€18,203 | -21.7% | - |
| VKJ Sint-Niklaas | €62,429 | -€2,400 | 94.7% | - |
| EDM WOONADVIES Ghent | €48,296 | -€25,740 | -100.3% | 0.1 |
These companies have the same main activity as MADMALI: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €48,300 and €86,600, founded between 2008 and 2014.
Official details
Source: KBO- Status
- Active since 22-06-2011Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 1 other
- Establishment unit
- 2.234.707.9729831 Sint-Martens-Latem, since 01-09-2011
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on MADMALI
MADMALI files the micro format. That format states no turnover. The gross margin rose from -€2,936 in 2011 to -€2,174 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 MADMALI
- What is the company number of MADMALI?
- The company number of MADMALI is 0837.263.814. The VAT number is the same number with BE in front: BE 0837.263.814.
- Where is MADMALI based?
- The registered office is at Klapstraat 55+, 9831 Sint-Martens-Latem.Company details
- What does MADMALI do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of MADMALI?
- MADMALI is a private limited company (pre-2019) (BVBA).
- When was MADMALI founded?
- MADMALI was founded on 22-06-2011.
- Is MADMALI still active?
- Yes, MADMALI is an active enterprise in the KBO register.
- What is the turnover of MADMALI?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is MADMALI profitable?
- In financial year 2025, MADMALI made a loss of €4,407.
- Where can I find the annual accounts of MADMALI?
- MADMALI filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MADMALI due?
- MADMALI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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