Financials
- Fiscal year
- 2024
- Total assets
- €159,948
- Profit
- €1,785
- Solvency
- 4.5%
Total assets▼ 8.0%
Net result
20182024
MADOVA
ActiveSummary
The computed 12-month bankruptcy probability of MADOVA is 2.3% (moderate). The 2024 annual accounts show equity of €7,214 and a net result of €1,785. Equity remains stable across the filed fiscal years (±0.5% per year). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known
Size
€159,948total assets 2024
- Equity
- €7,214
- Profit
- €1,785
Turnover not published (abridged schema)
Structure
Accounts 43 d early0 of 2 deeds read
Why 52- Figures for FY 2024 (filed 30-06-2025)- No establishment unit in the KBO+ Size: total assets €159,948+ Founded in 2001Show the evidence
Checked score
Score 2024
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 39% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
30+2
equity 4.5% of total assets
Liquidity
3=
short-term debt 89.2% · cash 2.4%
Profitability
70+4
return on assets 1.1%
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● 0.0% vs 11-2024
01-2025: 0.4%▲ +1.2% vs 12-2024
02-2025: 0.4%● 0.0% vs 01-2025
03-2025: 0.4%● 0.0% vs 02-2025
04-2025: 0.4%▲ +0.5% vs 03-2025
05-2025: 0.4%▼ -1.1% vs 04-2025
06-2025: 0.5%▲ +23.9% vs 05-2025
07-2025: 0.4%▼ -32.8% vs 06-2025lowest value
08-2025: 0.4%● 0.0% vs 07-2025lowest value
09-2025: 0.4%● 0.0% vs 08-2025lowest value
10-2025: 0.4%● 0.0% vs 09-2025lowest value
11-2025: 0.4%● 0.0% vs 10-2025lowest value
12-2025: 0.4%● 0.0% vs 11-2025lowest value
01-2026: 0.4%▲ +1.1% vs 12-2025
02-2026: 0.4%▲ +0.8% vs 01-2026
03-2026: 0.4%● 0.0% vs 02-2026
04-2026: 0.4%▲ +0.3% vs 03-2026
05-2026: 0.4%▼ -1.9% vs 04-2026
06-2026: 0.5%▲ +24.2% vs 05-2026
07-2026: 0.5%▲ +2.4% vs 06-2026
08-2026: 1.0%▲ +105% vs 07-2026
09-2026: 1.3%▲ +34.4% vs 08-2026
10-2026: 2.3%▲ +80.6% vs 09-2026highest value
- Figures for FY 2024 (filed 30-06-2025) raises the probability
- Size: total assets €159,948 lowers the probability for this profile
- No establishment unit in the KBO raises the probability
- Founded in 2001 lowers the probability for this profile
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 19%, liquidity 6%, profitability 50%, growth against the median 82%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
31 d early
2023
49 d early
2022
13 d early
2021
33 d early
2020
12 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 21 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 (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 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €1,785
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 18-06-2026Annual accounts filed
- 30-06-2025Annual accounts filed
- 31-12-2024Back to profit
Company details
- Legal form
- Public limited company
- Founded
- 12-03-2001
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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