Result
€51,186 €51,186
Back in profit in 2024, after a loss of €20,161 in 2023.
MADO GROUP
Lifetime
2 annual accounts with figures on one time axispeak €139,221 (2024)
€139,221▲ 271%
lowest -€20,161 (2023)
€51,186▲ €71,347
peak €41,025 (2024)
€41,025▲ €51,186
€77,676▲ 41.9%
Board1 name since 2022
1 director
Documentsfilings and deeds
28-08-202528 days late
2024micro format
Gross margin from €37,528 to €139,221Back to profit: €51,186Equity from -€10,161 to €41,025Debts from €54,747 to €77,676Investments €8,252Cash from €11,167 to €17,307
Key points
from the 2024 annual accountsTurnover
≈ €350,000 estimated
The micro format states no turnover.
Investments
€8,252 9.4 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.20 was 0.47 in 2023
Short-term debts rose from €54,747 to €76,786.
At the same address
613 companies
Position in the sector
€51,186
Higher net result than 90% of companies in land transport. Sector median €5,857 · 6,625 companies.
2025 accounts not filed, 104 days past the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,274 companies had the same profile as MADO GROUP has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% 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 39,274 companies, not a prediction for MADO GROUP. 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 0208:0793772576
First establishment
Leon Gillardlaan 97, Asse
Incorporation
Founding capital of €10,000, 100 shares · Founder: (comparant/oprichter) · Appointment: (director) · published on 23-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MADO GROUP Wezembeek-Oppem | €118,701 | €139,221 | 34.6% | - |
| MARCADIN Opwijk | €122,495 | €131,069 | 9.6% | - |
| NOUR'S LIGHT SERVICES Zaventem | €118,855 | €107,296 | 44.0% | - |
| BARYBEL Meise | €150,652 | €152,204 | 29.2% | - |
| TRANS EUROPEAN LOGISTICS EXPRESS Zaventem | €108,091 | €112,984 | 22.9% | - |
| ANC INVEST Charleroi | €139,586 | €141,046 | -12.6% | - |
| TRANS VAES Wommelgem | €115,281 | €112,927 | 68.0% | - |
These companies have the same main activity as MADO GROUP: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €108,000 and €151,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 21-11-2022Normal situation
- Registered office
- 614 active companies are registered at this address102 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Freight transport by roadNACE 49410
- Joint committee
- 140Transport and logistics · annual accounts 2024
- Establishment unit
- 2.337.942.3021731 Asse, since 01-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2024
Insights on MADO GROUP
The 2024 annual accounts show equity of €41,025 and a net result of €51,186. Its solvency ranks better than 47% of 6,656 sector peers (NACE 49, financial year 2024).
The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
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 MADO GROUP
- What is the company number of MADO GROUP?
- The company number of MADO GROUP is 0793.772.576. The VAT number is the same number with BE in front: BE 0793.772.576.
- Where is MADO GROUP based?
- The registered office is at Lange Eikstraat 46, 1970 Wezembeek-Oppem.Company details
- What does MADO GROUP do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of MADO GROUP?
- MADO GROUP is a private limited company (BV).
- When was MADO GROUP founded?
- MADO GROUP was founded on 21-11-2022.
- Is MADO GROUP still active?
- Yes, MADO GROUP is an active enterprise in the KBO register.
- How many employees does MADO GROUP have?
- MADO GROUP had an average of 1.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does MADO GROUP fall under?
- In its 2024 annual accounts, MADO GROUP states joint committee 140 (Transport and logistics).
- What is the turnover of MADO GROUP?
- The turnover in financial year 2024 is ≈ €350,000. This figure is estimated from the gross margin of €139,221 and 63 comparable companies (NACE 49410). It probably lies between €300,000 and €480,000.
- Is MADO GROUP profitable?
- In financial year 2024, MADO GROUP made a profit of €51,186.
- Where can I find the annual accounts of MADO GROUP?
- MADO GROUP filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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