MADO GROUP
ActiveThe computed 12-month bankruptcy probability of MADO GROUP is 3.5% (moderate). The 2024 annual accounts show equity of €41k and a net result of €51k. Its solvency ranks better than 47% of 6717 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency60▲+58
Growth78
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.47 in 2023; short-term debt: 64.7% and cash: 14.6% of total assets), and 65.4% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
34.6%
Return on assets
43.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€41k
2023 · €-10k
2023: €-10k
2023 → 2024
Total assets
€119k▲ 166%
2023 · €45k
2023: €45k
2023 → 2024
Net result
€51k
2023 · €-20k
2023: €-20k
2023 → 2024
Working capital
€16k
2023 · €-29k
2023: €-29k
2023 → 2024
Multi-year overview
Available amounts per fiscal year
Line20232024Trend
Equity€-10k-€41k
Operating result€-20k-€60k
Net result€-20k-€51k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €60k after a loss of €20k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €119k
Fixed assets
€26k▲ 38.8%
Current assets
€92k▲ 261%
Equity and liabilities €119k
Equity
€41k
Debt
€78k
Debt finances 65.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€61k
Cash flow
€52k
Solvency
34.6%▲
2023 · -22.8%
Current ratio
1.20▲
2023 · 0.47
Quick ratio
1.20▲
2023 · 0.47
Debt / equity
1.89▲
2023 · -5.39
ROE
124.8%
ROA
43.1%▲
2023 · -45.2%
Interest coverage
304.79
Debt
€78k▲
2023 · €55k
Debt ≤ 1 year
€77k▲
2023 · €55k
Income taxes
€8k
Staff costs
€77k▲
2023 · €56k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€45k€119k▲
Fixed assets21/28€19k€26k▲
Tangible fixed assets22/27-€7k
Furniture and vehicles24-€7k
Financial fixed assets28€19k€19k=
Current assets29/58€26k€92k▲
Amounts receivable within one year40/41€14k€75k▲
Trade receivables40€14k€75k▲
Other amounts receivable41-€10
Cash at bank and in hand54/58€11k€17k▲
Equity and liabilities
Total equity and liabilities10/49€45k€119k▲
Equity10/15€-10k€41k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-20k€31k▲
Amounts payable17/49€55k€78k▲
Amounts payable within one year42/48€55k€77k▲
Trade debts44€12k€29k▲
Suppliers440/4€12k€29k▲
Taxes, remuneration and social security45€30k€43k▲
Taxes450/3€17k€28k▲
Remuneration and social security454/9€13k€14k▲
Other amounts payable47/48€13k€5k▼
Accrued charges and deferred income492/3-€890
Income statement
Code20232024
Remuneration, social security and pensions62€56k€77k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€879
Other operating charges640/8€2k€1k▼
Gross operating margin9900€38k€139k▲
Operating profit (loss)9901€-20k€60k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€190€199▲
Recurring financial charges65€190€199▲
Profit (loss) for the period before taxes9903€-20k€60k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€-20k€51k▲
Profit (loss) for the period to be appropriated9905€-20k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€31k▲
Profit (loss) brought forward from the previous period14P-€-20k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.20
Current ratio from 0.47 to 1.20.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wezembeek-Oppem · 1 establishment unit since 2023
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.
Lange Eikstraat 461970 Wezembeek-OppemGround area
823 m²
Building footprint
416 m²
Volume, LiDAR
3,502 m³
2 parcels, Flanders · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MADO GROUP
since 20232.337.942.302
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 fl. |
| 23095C0066/00M007 | Flanders | 303 m² | 1 · 91 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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PAESEN M TRANSPORT
BE 0691.716.502
Peer · Eq €41k
TRANSPORT PEETERS
BE 0463.077.109
Kinrooi · Eq €41k
GING
BE 0778.341.361
Sint-Jans-Molenbeek · Eq €41k
Evertrans
BE 0732.545.186
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MARIOTRANS
BE 0478.780.023
Tongeren-Borgloon · Eq €41k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,203. 5,857 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2022
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.