Madon Optiek
ActiveMadon Optiek has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €466k and a net result of €132k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+6
Solvency100▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.29 against 2.35 in 2024; short-term debt: 11.8% and cash: 7.1% of total assets), and 25.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.6%
Return on assets
21.2%
Age of the figures
9 mo
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
72 d early
2023
54 d early
2022
68 d early
2021
87 d early
2020
23 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€466k▲ 39.6%
2024 · €334k
2018: €261k
2019: €277k
2020: €308k
2021: €330k
2022: €337k
2023: €325k
2024: €334k
2018 → 2025
Total assets
€624k▲ 16.0%
2024 · €538k
2018: €712k
2019: €584k
2020: €590k
2021: €623k
2022: €606k
2023: €567k
2024: €538k
2018 → 2025
Net result
€132k▲ 49.5%
2024 · €88k
2018: €95k
2019: €16k
2020: €81k
2021: €22k
2022: €47k
2023: €59k
2024: €88k
2018 → 2025
Working capital
€242k▲ 94.7%
2024 · €124k
2018: €161k
2019: €167k
2020: €174k
2021: €159k
2022: €156k
2023: €126k
2024: €124k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€330k-€337k▲ 2.1%€325k▼ 3.3%€334k▲ 2.6%€466k▲ 39.6%
Operating result€29k-€68k▲ 131%€84k▲ 23.8%€128k▲ 53.0%€189k▲ 48.1%
Net result€22k-€47k▲ 114%€59k▲ 25.6%€88k▲ 49.9%€132k▲ 49.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 48% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €624k
Fixed assets
€309k▼ 4.0%
Current assets
€315k▲ 45.8%
Equity and liabilities €624k
Equity
€466k▲ 39.6%
Debt
€158k▼ 22.6%
The debt ratio falls from 38.0% to 25.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€210k▲
2024 · €148k
Cash flow
€152k▲
2024 · €108k
Solvency
74.6%▲
2024 · 62.0%
Current ratio
4.29▲
2024 · 2.35
Quick ratio
2.22▲
2024 · 0.91
Debt / equity
0.34▼
2024 · 0.61
ROE
28.4%▲
2024 · 26.5%
ROA
21.2%▲
2024 · 16.4%
Interest coverage
14.52▲
2024 · 11.24
Debt
€158k▼
2024 · €204k
Debt ≤ 1 year
€74k▼
2024 · €92k
Debt > 1 year
€85k▼
2024 · €112k
Income taxes
€47k▲
2024 · €31k
Staff costs
€29k▼
2024 · €42k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€538k€624k▲
Fixed assets21/28€322k€309k▼
Tangible fixed assets22/27€322k€309k▼
Land and buildings22€301k€292k▼
Plant, machinery and equipment23€19k€16k▼
Furniture and vehicles24€2k€906▼
Current assets29/58€216k€315k▲
Stocks and contracts in progress3€132k€152k▲
Stocks30/36€132k€152k▲
Amounts receivable within one year40/41€8k€102k▲
Trade receivables40€295€3k▲
Other amounts receivable41€8k€98k▲
Current investments50/53€41k€15k▼
Cash at bank and in hand54/58€33k€44k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€538k€624k▲
Equity10/15€334k€466k▲
Contributions10/11€20k€20k=
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€302k€434k▲
Amounts payable17/49€204k€158k▼
Amounts payable after more than one year17€112k€85k▼
Financial debts170/4€112k€85k▼
Amounts payable within one year42/48€92k€74k▼
Current portion of amounts payable after more than one year42€27k€28k▲
Trade debts44€24k€27k▲
Suppliers440/4€24k€27k▲
Taxes, remuneration and social security45€11k€19k▲
Taxes450/3€5k€10k▲
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€30k€0▼
Accrued charges and deferred income492/3-€208
Income statement
Code20242025
Remuneration, social security and pensions62€42k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€14k▲
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€206k€256k▲
Operating profit (loss)9901€128k€189k▲
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€13k€14k▲
Recurring financial charges65€13k€14k▲
Profit (loss) for the period before taxes9903€119k€180k▲
Income taxes67/77€31k€47k▲
Profit (loss) for the period9904€88k€132k▲
Profit (loss) for the period to be appropriated9905€88k€132k▲
Appropriation of the result
Profit (loss) to be appropriated9906€382k€434k▲
Profit (loss) brought forward from the previous period14P€294k€302k▲
Profit to be distributed694/7€80k€0▼
Return on contributions (dividend)694€80k€0▼
Social balance
Average headcount (FTE)90871.51.4▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €132k ▲49.5%
Operating result €189k, net result €132k, both a record.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €16k ▼82.7%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 50 days late
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Gent · 1 establishment unit since 2002
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.
Antwerpsesteenweg 3829040 GentGround area
436 m²
Building footprint
187 m²
Volume, LiDAR
1,517 m³
Parcel 44432C0785/00H000, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Madon Optiek
since 20022.095.726.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0785/00H000 | Flanders | 436 m² | 1 · 187 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 12,314 EUR awarded · 12,313 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,239 EUR | 1,464 EUR |
| 2023 | 1 | 7,764 EUR | 7,538 EUR |
| 2022 | 2 | 3,311 EUR | 3,311 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Hinderpremie bij openbare werken
Similar companies · same sector, comparable size
Optique Leclercq
BE 0416.959.547
Wavre · Eq €468k
DESO OPTICS
BE 0877.657.879
Kortrijk · Eq €463k
DIVALO SERVICES
BE 0452.824.803
Aalter · Eq €470k
OPTIQUE TISON
BE 0474.500.541
Chimay · Eq €460k
OPTIEK GEERTRUI
BE 0474.504.697
Wichelen · Eq €473k
Of 1,730 companies in sector 47742 we hold annual accounts for 1,138. 829 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2002
Fiscal year end31-12
Activities, NACEBEL
47742Retail sale of prescription glasses, lenses and sunglasses
47782Retail trade
52485
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
52320
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.