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Mados

Active
Private limited companyfounded 20242 yrs activeNieuwstraat 73, 9840 Nazareth-De Pinte, BelgiumKBO/BCE: BE 1007.841.579
Summary

The computed 12-month bankruptcy probability of Mados is 3.0% (moderate). The 2024 annual accounts show equity of €45,460 and a net result of €43,460. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency88
Growth-
Track record67
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.44; short-term debt: 37.4% and cash: 73.3% of total assets), and 37.4% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
6 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2024 accounts 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 April 2024, Mados was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€45,460
Total assets
€72,627
Net result
€43,460
Working capital
€39,248

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €72,627
Fixed assets €6,212
Current assets €66,415
Equity and liabilities €72,627
Equity €45,460
Debt €27,167
Debt finances 37.4% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€55,912
Cash flow
€43,857
Current ratio
2.44
Debt to equity
0.60
ROE
95.6%
ROA
59.8%
Interest coverage
274.26
Debt ≤ 1 year
€27,167
Income taxes
€11,852

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€72,627
Fixed assets21/28€6,212
Tangible fixed assets22/27€6,212
Plant, machinery and equipment23€1,861
Furniture and vehicles24€4,351
Current assets29/58€66,415
Amounts receivable within one year40/41€8,935
Trade receivables40€8,935
Cash at bank and in hand54/58€53,200
Deferred charges and accrued income490/1€4,280
Equity and liabilities
Total equity and liabilities10/49€72,627
Equity10/15€45,460
Contributions10/11€2,000
Reserves13€43,460
Distributable reserves133€43,460
Amounts payable17/49€27,167
Amounts payable within one year42/48€27,167
Trade debts44€2,141
Suppliers440/4€2,141
Taxes, remuneration and social security45€14,448
Taxes450/3€14,448
Other amounts payable47/48€10,577
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€397
Other operating charges640/8€977
Gross operating margin9900€56,890
Operating profit (loss)9901€55,516
Financial charges65/66B€204
Recurring financial charges65€204
Profit (loss) for the period before taxes9903€55,312
Income taxes67/77€11,852
Profit (loss) for the period9904€43,460
Profit (loss) for the period to be appropriated9905€43,460
Appropriation of the result
Profit (loss) to be appropriated9906€43,460
Transfer to equity691/2€43,460
To other reserves6921€43,460

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€397
Other operating charges640/8€977
Gross operating margin9900€56,890
Operating profit (loss)9901€55,516
Financial charges65/66B€204
Recurring financial charges65€204
Profit (loss) for the period before taxes9903€55,312
Income taxes67/77€11,852
Profit (loss) for the period9904€43,460
Profit (loss) for the period to be appropriated9905€43,460
Line2024
Assets
Total assets20/58€72,627
Fixed assets21/28€6,212
Tangible fixed assets22/27€6,212
Plant, machinery and equipment23€1,861
Furniture and vehicles24€4,351
Current assets29/58€66,415
Amounts receivable within one year40/41€8,935
Trade receivables40€8,935
Cash at bank and in hand54/58€53,200
Deferred charges and accrued income490/1€4,280
Equity and liabilities
Total equity and liabilities10/49€72,627
Equity10/15€45,460
Contributions10/11€2,000
Reserves13€43,460
Distributable reserves133€43,460
Amounts payable17/49€27,167
Amounts payable within one year42/48€27,167
Trade debts44€2,141
Suppliers440/4€2,141
Taxes, remuneration and social security45€14,448
Taxes450/3€14,448
Other amounts payable47/48€10,577
Line2024
Profit (loss) for the period9904€43,460
+ Depreciation and write-downs630€397
Operating cash flow (approximation)€43,857

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Nazareth-De Pinte · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,134 m²
Building footprint
196 m²
Volume, LiDAR
859 m³
Parcel 44012C0194/00C003, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Mados
Nieuwstraat 73, 9840 Nazareth-De PinteHuman health activities
since 20242.358.581.031
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44012C0194/00C003 Flanders 1,134 m² 1 · 196 m² 7.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded02-04-2024
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.