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MADOLEX BELGIUM

Active
Public limited companyfounded 2000active for 26 yearsThor Park 8027/207, 3600 Genk, BelgiumKBO/BCE: BE 0472.881.829
Summary

MADOLEX BELGIUM has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248,089 and a net result of €31,878. Equity has been shrinking by about 3% per year since 2018. Its solvency ranks better than 17% of 482 sector peers (NACE 95, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Official details

Source: KBO
Status
Active since 02-10-2000 Normal situation
Activity
Repair and maintenance of other personal and household goods NACE 95290and 1 other
Joint committees
209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid
111 Paritair Comité voor de metaal-, machine- en elektrische bouw · annual accounts 2025
Establishment units
2.097.671.421 3600 Genk, since 04-12-2000
2.287.496.461 2440 Geel, since 01-05-2014
Financial year end
31 December
Peppol
Reachable since 13-05-2025

Board and ownership

Board
  • GEB HoldManaging director · permanent representative BULT Olav Alexander
  • SigitDirector · since 14-12-2023 · permanent representative GIJBELS Stijn
Auditor
BV VAN HAVERMAET BEDRIJFSREVISOREN
Shareholders
  • GEB Hold2025 annual accounts of GEB Hold
  • Gembit Holding Venray BVannual accounts 2022

Financial position

79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2025
Gross margin
€5.4m
▲ 10.3%
Turnover
≈ €9.4m
estimated
Profit
€31,878
▼ 73.3%
Equity
€248,089
▼ 13.3%
Total assets
€1.9m
▲ 7.0%
Employees on 31-12-2025
63
▲ 1.6%
Score breakdownraises riskEquity €248,089 (12.8% of total assets)Sector: Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)Size: 60.7 FTE, total assets €1.9mlowers riskFounded in 2000Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 32% of medium-sized companies in repair of computers and personal goods (NACE 95)
Financial strength · tick: 2024
Weak
Solvency 38-3
equity 12.8% of total assets
Liquidity 29-6
short-term debt 74.8% · cash 15.6%
Profitability 43-11
return on assets 1.6%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (39 companies, NACE 95, medium-sized)
Last 24 months 12-2024: 1.0% 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.1%▲ +0.1 percentage points vs 03-2025 05-2025: 1.3%▲ +0.2 percentage points vs 04-2025highest value 06-2025: 0.7%▼ -0.6 percentage points vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.9%▲ +0.2 percentage points vs 04-2026 06-2026: 0.8%▼ -0.1 percentage points vs 05-2026 07-2026: 0.9%▲ +0.1 percentage points vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 0.5%▼ -0.4 percentage points vs 08-2026lowest value 10-2026: 0.5%● unchanged vs 09-2026lowest value 11-2026: 0.5%● unchanged vs 10-2026lowest value
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.12 (1.21 in 2024), below the usual 1.5. Short-term debt is 74.8% and cash 15.6% of total assets. 87.2% of the assets are financed with debt and provisions.
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 95, medium-sized). It does better than 32% of them on solvency, 47% on liquidity, 32% on profitability and 18% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Equity €248,089 (12.8% of total assets)
NBB · annual accounts
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
KBO
raises risk · Size: 60.7 FTE, total assets €1.9m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 482 sector peers (2025).
NBB · sector comparison
Position among 482 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
80 days early
2023
28 days early
2022
3 days early
2021
52 days early
2020
3 days early
2019
59 days early
← 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 before the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% 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 16 June (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from €119,307 to €31,878 ▼ 73.3% View
  • Positive: 3rd fastest staff growth in Limburg, Repair of computers and personal goods…in the Checked rankings No. 3 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Merger with RISK TO SAFETYmerger on 19-06-2024 2024 View

Recent changes

  1. · Gazette deed Registered office moved within Genk
  2. · Gazette deed Merger: MADOLEX BELGIUM takes over RISK TO SAFETYResignations: MADOLEX BELGIUM (director) and Sigit (director) · Permanent representatives: BULT Olav and GIJBELS Stijn
  3. · Gazette deed Merger proposal: MADOLEX BELGIUM takes over RISK TO SAFETYPermanent representatives: Olav Bult and Stijn Gijbels
All 21 events

Comparable companies

These companies have the same main activity as MADOLEX BELGIUM: repair and maintenance of other personal and household goods (NACE 95290). They are comparable in size and age: total assets between €1.9m and €6.5m, founded between 1981 and 2003.

CompanyTotal assetsGross margin
MADOLEX BELGIUM Genk€1.9m€5.4m
CYCLO Brussel€1.9m€3.5m
ENTRANCE SERVICES Sprimont€4.4m€4.9m
La Thiérache Momignies€2.7m€2.1m
CLdN Tech Brugge€6.5m€3.9m
LAURYSSEN SERVICE Brecht€2.3m€2.2m
DALLMAYR VENDING BELGIUM Tubize€2.1m€1.5m
Full comparison

Key facts about MADOLEX BELGIUM

What is the company number of MADOLEX BELGIUM?
The company number of MADOLEX BELGIUM is 0472.881.829. The VAT number is the same number with BE in front: BE 0472.881.829.
Where is MADOLEX BELGIUM based?
The registered office is at Thor Park 8027/207, 3600 Genk.Company details
What does MADOLEX BELGIUM do?
According to the KBO register, the main activity is repair and maintenance of other personal and household goods (NACE 95290).
What is the legal form of MADOLEX BELGIUM?
The legal form of MADOLEX BELGIUM is Public limited company (NV).
When was MADOLEX BELGIUM founded?
MADOLEX BELGIUM was founded on 02-10-2000.
Is MADOLEX BELGIUM still active?
Yes, MADOLEX BELGIUM is an active enterprise in the KBO register.
How many employees does MADOLEX BELGIUM have?
MADOLEX BELGIUM had an average of 60.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does MADOLEX BELGIUM fall under?
In its 2025 annual accounts, MADOLEX BELGIUM states joint committees 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid) and 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw).
What is the turnover of MADOLEX BELGIUM?
The turnover in financial year 2025 is ≈ €9.4m. This figure is estimated from the gross margin of €5.4m and 1,584 comparable companies of the same size. It probably lies between €6.3m and €15.0m. It is a rough estimate.
Is MADOLEX BELGIUM profitable?
In financial year 2025, MADOLEX BELGIUM made a profit of €31,878.
Where can I find the annual accounts of MADOLEX BELGIUM?
MADOLEX BELGIUM filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MADOLEX BELGIUM due?
MADOLEX BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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