Financials
- Financial year
- 2025
- Total assets
- €742,944
- Profit
- €36,157
- Solvency
- 21.1%
Total assets▲ 85.0%
Net result
20182025
MADOU
ActiveSummary
MADOU has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156,460 and a net result of €36,157, of which €92,204 non-recurring income. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 35% of 38 sector peers (NACE 51, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Air transport
NACE 51100
8th oldest company in East Flanders, Air transport sector2 sites
Size
≈ €550,000turnover 2025, estimated
- Equity
- €156,460
- Profit
- €36,157
Turnover estimated from the gross margin
Structure
2025 accounts 1 day early4 deeds in the Belgian Official Gazette
Why 95lowers riskSize: total assets €742,944Figures for financial year 2025 (filed 30-07-2026)Founded in 2002Liquidity: current ratio 0.55, cash €101,159Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 51, micro)
Financial strength · tick = 2024
Average
Solvency
46-9
equity 21.1% of total assets
Liquidity
55+3
short-term debt 29.1% · cash 13.6%
Profitability
75-8
return on assets 4.9%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.55, compared with 0.51 in 2024, below 1; short-term debt: 29.1% and cash: 13.6% of total assets), and 78.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 51, micro): better than 36% on solvency, 53% on liquidity, 59% on profitability and 79% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €156,460
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
2 days early
2023
7 days early
2022
12 days early
2021
31 days late
2020
89 days late
2019
25 days 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 18 days after the deadline; the sector median (NACE 51) for financial year 2024 is 10 days before the deadline, and 35% 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 29 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Equity above €150,000equity €156,460 ▲30.1%
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Timeline
- Events
- 30
- Since
- 2003
- Next accounts
- by 31-07-2027
- 31-12-2024Highest result from 2018 to 2025
- 31-12-2024Equity above €100,000
- 24-07-2024Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Air transportNACE 51100
- Founded
- 22-02-2002
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about MADOU
- What is the company number of MADOU?
- 0476.923.264. In Belgium the VAT number is the company number with BE in front: BE 0476.923.264.
- Where is MADOU based?
- The registered office is at Vaartkant(OW) 19, 9931 Lievegem.Company details
- What does MADOU do?
- According to the KBO register, the main activity is air transport (NACE 51100).
- What is the legal form of MADOU?
- Public limited company (NV).
- When was MADOU founded?
- On 22-02-2002.
- Is MADOU still active?
- Yes, MADOU is an active enterprise in the KBO register.
- What is the turnover of MADOU?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is MADOU profitable?
- In financial year 2025, MADOU made a profit of €36,157.
- Where can I find the annual accounts of MADOU?
- MADOU filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MADOU due?
- By 31-07-2027, for financial year 2026.Timeline
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