Skip to content

Madras Bruxelles

Active
Non-profit associationfounded 2011active for 14 yearsErasmusstraat 2, 1070 Anderlecht, BelgiumKBO/BCE: BE 0841.604.563

From the official registers: KBO 6 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Madras Bruxelles has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79,754 and a net result of €25,109. Equity has been growing by about 17% per year since 2019. Its solvency ranks better than 27% of 514 sector peers (NACE 88, financial year 2024). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

KBO
Status
Active since 07-12-2011 Normal situation
Activity
Social work activities without accommodation NACE 88106
Establishment unit
2.205.296.186 1070 Anderlecht, since 01-01-2012
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Board and ownership

Board
  • La fondation privée "LES SERVIVES D'INCLUSION"Director · since 15-11-2011
  • INCLUSIONDirector · since 18-01-2021
  • Javaux CécileDirector · since 18-01-2021
  • Francis Van der MarenDirector

Financial position

57 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2024
Gross margin
€484,347
▲ 31.4%
Turnover
≈ €550,000
estimated
Surplus
€25,109
▲ 431%
Equity
€79,754
▲ 45.9%
Total assets
€334,491
▲ 30.7%
Staff
6.3 FTE
▲ 5.0%
2025 accounts not filed, 93 days past the deadline
Filed on 13-10-2025PDF
Score breakdownraises riskCapped at 59: a confirmed filing findingLast filed accounts filed 74 days late; 2 of the last 3 accounts latelowers riskLegal form: non-profit associationLiquidity: current ratio 5.26, cash €290,270Sector: Social work activities without accommodation (NACE 88)Show the evidence

Checked score

Score 2024
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 65% of micro companies in social work without accommodation (NACE 88)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2023
Strong
Solvency 49+3
equity 23.8% of total assets
Liquidity 94+2
short-term debt 18.9% · cash 86.8%
Profitability 78+7
return on assets 7.5%
Bankruptcy probability within 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).

Sector median < 0.1% (1,127 companies, NACE 88, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025highest value 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 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €4,500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 5.26 (4.43 in 2023), above the usual 1.5. Short-term debt is 18.9% and cash 86.8% of total assets. However, 76.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 88, micro). It does better than 31% of them on solvency, 89% on liquidity, 61% on profitability and 80% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 5.26, cash €290,270
NBB · annual accounts
lowers risk · Sector: Social work activities without accommodation (NACE 88)
KBO
raises risk · Last filed accounts filed 74 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 74 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
not filed
2024
74 days late
2023
29 days late
2022
31 days late
2021
31 days late
2020
31 days late
2019
214 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 68 days after the deadline. In the sector (NACE 88), the median for financial year 2024 was 24 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 6 profitable years in a rowprofit 2024: €25,109 6 years View

Comparable companies

These companies have the same main activity as Madras Bruxelles: social work activities without accommodation (NACE 88106). They are comparable in size and age: total assets between €145,000 and €1.8m, founded between 2000 and 2016.

CompanyTotal assetsGross margin
Madras Bruxelles Anderlecht€0.3m€0.5m
CRF Impulso Mons€0.4m€0.8m
Orion asbl - vzw Etterbeek€0.1m€1.0m
L'Oiseau Bleu – Mons Saint-Ghislain€0.3m-
LES HELIOTROPES Incourt€1.6m€0.8m
La Braise - Centre de réadaptation cognitive Anderlecht€0.5m€0.9m
ARTOS Sint-Pieters-Woluwe€1.8m€1.1m
Full comparison

Documents

Annual accounts at the NBB

All 6 annual accounts

Articles and registers

Key facts about Madras Bruxelles

What is the company number of Madras Bruxelles?
The company number of Madras Bruxelles is 0841.604.563. The VAT number is the same number with BE in front: BE 0841.604.563.
Where is Madras Bruxelles based?
The registered office is at Erasmusstraat 2, 1070 Anderlecht.Company details
What does Madras Bruxelles do?
According to the KBO register, the main activity is social work activities without accommodation (NACE 88106).
What is the legal form of Madras Bruxelles?
The legal form of Madras Bruxelles is Non-profit association (VZW).
When was Madras Bruxelles founded?
Madras Bruxelles was founded on 07-12-2011.
Is Madras Bruxelles still active?
Yes, Madras Bruxelles is an active enterprise in the KBO register.
How many employees does Madras Bruxelles have?
Madras Bruxelles had an average of 6.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Madras Bruxelles?
The turnover in financial year 2024 is ≈ €550,000. This figure is estimated from the gross margin of €484,347 and 37 comparable companies (NACE 88). It probably lies between €530,000 and €640,000.
Is Madras Bruxelles profitable?
In financial year 2024, Madras Bruxelles made a profit of €25,109.
Where can I find the annual accounts of Madras Bruxelles?
Madras Bruxelles filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.