Equity
-€23,752
Debts exceed assets in financial year 2025.
MADOFRAL
Lifetime
17 annual accounts with figures on one time axispeak €104,104 (2015)
€38,453▲ €38,551
lowest -€213,507 (2018)
€8,452▲ €8,717
peak €201,087 (2017)
-€23,752▲ €452
€71,593▲ 105%
Board3 names since 2019
1 director
Owners
Documentsfilings and deeds
29-10-202690 days late
2025micro format
Gross margin from -€98 to €38,453Back to profit: €8,452Debts from €34,842 to €71,593Cash from €2 to €13,472
Key points
from the 2025 annual accountsTurnover
≈ €110,000 estimated
The micro format states no turnover.
Debts
€71,593 150% of the balance sheet
Suppliers 3%Taxes and wages 10%Other 86%
Of this, €56,085 falls due within a year.
Investments
€19,854 5.0 × depreciation
Green is investment, beige is depreciation.
Filings
17 annual accounts 90 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-49.6%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 41,211 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,633 companies had the same profile as MADOFRAL has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 3,633 companies, not a prediction for MADOFRAL. 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
Board and ownership
Manager, , since 01-01-2021
- 50%score equity €46,589 (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0809610993
Registered office moved from Ans to Hamoir
New registered office: Rue du Pont 25 C, 4180 HAMOIR · Previous registered office: RUE DES OVEYES 41, 4432 ANS (ALLEUR) · Resignation: (manager) · General meeting of 31-12-2020 · Gazette deed
Resignation: (manager)
Permanent representative: · Director discharge: · General meeting of 31-01-2020 · Gazette deed
Appointment: (manager)
Permanent representative: · General meeting of 31-01-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MADOFRAL Hamoir | €47,841 | €38,453 | -49.6% | - |
| YEC Saint-Nicolas | €52,221 | €38,255 | 57.9% | - |
| PRO FIRMUS Brussels | €53,745 | €36,338 | 57.8% | - |
| SPC Avelgem | €54,894 | €39,683 | 64.9% | - |
| MALUCA Brussels | €55,371 | €37,959 | -2430.4% | - |
| THE AFTER Woluwe-Saint-Lambert | €52,888 | €35,486 | 11.1% | - |
| ANGELOW Herentals | €55,230 | €35,326 | 91.3% | 0 |
These companies have the same main activity as MADOFRAL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €52,200 and €55,400, founded between 2007 and 2011.
Official details
Source: KBO- Status
- Active since 05-02-2009Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.176.388.3074180 Hamoir, since 03-02-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 06-11-2025
Insights on MADOFRAL
MADOFRAL files the micro format. That format states no turnover. The gross margin rose from €9,170 in 2009 to €38,453 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 MADOFRAL
- What is the company number of MADOFRAL?
- The company number of MADOFRAL is 0809.610.993. The VAT number is the same number with BE in front: BE 0809.610.993.
- Where is MADOFRAL based?
- The registered office is at Rue du Pont 25C, 4180 Hamoir.Company details
- What does MADOFRAL do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MADOFRAL?
- MADOFRAL is a private limited company (pre-2019) (BVBA).
- When was MADOFRAL founded?
- MADOFRAL was founded on 05-02-2009.
- Is MADOFRAL still active?
- Yes, MADOFRAL is an active enterprise in the KBO register.
- How many employees does MADOFRAL have?
- MADOFRAL had an average of 0.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MADOFRAL?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €38,453 and 144 comparable companies (NACE 70200). It probably lies between €67,000 and €150,000.
- Is MADOFRAL profitable?
- In financial year 2025, MADOFRAL made a profit of €8,452.
- Where can I find the annual accounts of MADOFRAL?
- MADOFRAL filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MADOFRAL due?
- MADOFRAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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