Financials
- Fiscal year
- 2025
- Total assets
- €620,160
- Loss
- -€86,162
- Solvency
- 46.9%
Total assets▼ 8.5%
Net result
20182025
MADOSA
ActiveSummary
MADOSA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291,143 and a net result of -€86,162. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
What they do
Wholesale of electrical household appliances and audio-video equipment
NACE 46431
1 site
How big
€620,160total assets 2025
- Staff
- 1 FTE
- Equity
- €291,143
- Loss
- -€86,162
Who decides
- Largest shareholder
- Griman · 40%
Accounts 7 d early0 of 5 deeds read
Why 57- Higher-failure-rate sector- Persistent losses+ Lower-risk legal form+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-29
Solvency72▼-28
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 1.8 against 6.35 in 2024; short-term debt: 53.1% and cash: 50.3% of total assets), but 53.1% of the assets are financed with debt.
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Signals
Five 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€86,162
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
16 d early
2023
13 d early
2022
24 d early
2021
3 d early
2020
59 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 19 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€86,162
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Caution: Result fell in 2025from -€947 to -€86,162 ▼ 9,001% View
- Caution: Among the weakest 14% on net resultsector median €112,531 · 5,060 companies -€86,162 View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€86,162 View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
By topic
Board & ownership
- Largest shareholder
- Griman · 40%
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 24-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 15-07-2025Annual accounts filed
Support & recognitions
- Funding sources
- 1
- Flemish government
- €7,812awarded · 2022 - 2024
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale of electrical household appliances and audio-video equipmentNACE 46431
- Founded
- 01-10-2012
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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