Madrico
ActiveMadrico has been active since 1963 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.10M and a net result of €405k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 6.54 against 6.04 in 2024; short-term debt: 9.1% and cash: 17.2% of total assets), and 19.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.2%
Return on assets
10.5%
Age of the figures
9 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
14 d early
2023
19 d early
2022
20 d early
2021
45 d late
2020
38 d late
2019
24 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€405k▲ 71.6%
2024 · €236k
2018: €80k
2019: €87k
2020: €90k
2021: €108k
2022: €274k
2023: €378k
2024: €236k
2018 → 2025
Working capital
€1.96M▲ 21.6%
2024 · €1.61M
2018: €1.24M
2019: €1.37M
2020: €1.46M
2021: €1.60M
2022: €1.91M
2023: €2.08M
2024: €1.61M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.08M-€2.35M▲ 13.2%€2.63M▲ 11.8%€2.78M▲ 6.0%€3.10M▲ 11.5%
Operating result€144k-€465k▲ 223%€528k▲ 13.7%€325k▼ 38.5%€597k▲ 83.5%
Net result€108k-€274k▲ 155%€378k▲ 38.2%€236k▼ 37.6%€405k▲ 71.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 83% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.87M
Fixed assets
€1.56M▼ 5.9%
Current assets
€2.31M▲ 19.8%
Equity and liabilities €3.87M
Equity
€3.10M▲ 11.5%
Debt
€769k▼ 4.6%
The debt ratio falls from 22.5% to 19.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€760k▲
2024 · €542k
Cash flow
€569k▲
2024 · €454k
Solvency
80.2%▲
2024 · 77.5%
Current ratio
6.54▲
2024 · 6.04
Quick ratio
3.79▲
2024 · 3.50
Debt / equity
0.25▼
2024 · 0.29
ROE
13.1%▲
2024 · 8.5%
ROA
10.5%▲
2024 · 6.6%
Interest coverage
27.86▲
2024 · 17.95
Debt
€769k▼
2024 · €806k
Debt ≤ 1 year
€354k▲
2024 · €320k
Debt > 1 year
€413k▼
2024 · €480k
Income taxes
€186k▲
2024 · €92k
Staff costs
€312k▲
2024 · €228k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.59M€3.87M▲
Fixed assets21/28€1.66M€1.56M▼
Tangible fixed assets22/27€1.66M€1.56M▼
Land and buildings22€1.45M€1.38M▼
Plant, machinery and equipment23€53k€35k▼
Furniture and vehicles24€161k€150k▼
Assets under construction and advance payments27€0-
Current assets29/58€1.93M€2.31M▲
Amounts receivable after more than one year29€301k€263k▼
Other amounts receivable291€301k€263k▼
Stocks and contracts in progress3€812k€973k▲
Stocks30/36€812k€973k▲
Amounts receivable within one year40/41€392k€409k▲
Trade receivables40€346k€370k▲
Other amounts receivable41€46k€39k▼
Cash at bank and in hand54/58€422k€665k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€3.59M€3.87M▲
Equity10/15€2.78M€3.10M▲
Contributions10/11€162k€162k=
Capital10€162k€162k=
Issued capital100€162k€162k=
Reserves13€2.62M€2.94M▲
Non-distributable reserves130/1€18k€18k=
Legal reserve130€16k€16k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€67k€67k=
Distributable reserves133€2.54M€2.86M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€806k€769k▼
Amounts payable after more than one year17€480k€413k▼
Financial debts170/4€480k€413k▼
Amounts payable within one year42/48€320k€354k▲
Current portion of amounts payable after more than one year42€67k€67k▼
Trade debts44€99k€122k▲
Suppliers440/4€99k€122k▲
Taxes, remuneration and social security45€141k€160k▲
Taxes450/3€109k€116k▲
Remuneration and social security454/9€32k€43k▲
Other amounts payable47/48€13k€5k▼
Accrued charges and deferred income492/3€6k€2k▼
Income statement
Code20242025
Non-recurring operating income76A-€500
Remuneration, social security and pensions62€228k€312k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€217k€164k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€0▼
Other operating charges640/8€40k€45k▲
Gross operating margin9900€818k€1.12M▲
Operating profit (loss)9901€325k€597k▲
Financial income75/76B€33k€22k▼
Recurring financial income75€33k€22k▼
Financial charges65/66B€30k€27k▼
Recurring financial charges65€30k€27k▼
Profit (loss) for the period before taxes9903€328k€591k▲
Income taxes67/77€92k€186k▲
Profit (loss) for the period9904€236k€405k▲
Profit (loss) for the period to be appropriated9905€236k€405k▲
Appropriation of the result
Profit (loss) to be appropriated9906€236k€405k▲
Transfer from equity791/2€80k€85k▲
Transfer to equity691/2€236k€405k▲
To other reserves6921€236k€405k▲
Profit to be distributed694/7€80k€85k▲
Return on contributions (dividend)694€80k€85k▲
Social balance
Average headcount (FTE)90875.47.0▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €405k ▲71.6%
Operating result €597k, net result €405k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 45 days late
2021
31-12
Financial
Equity above €2MEq €2.08M ▲5.5%
4 profitable years in a row build equity to €2.08M.
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 38 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 47 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 50 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are 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, Bree · 1 establishment unit since 1963
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Peerderbaan 1133960 BreeGround area
2,372 m²
Building footprint
839 m²
Parcel 72402B0002/00Z003, Flanders. Linked by address, not a title deed.
1 establishment unit
Peerderbaan 113, 3960 Bree
since 19632.005.813.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72402B0002/00Z003 | Flanders | 2,372 m² | 1 · 839 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 9,706 EUR awarded · 9,706 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,706 EUR | 9,706 EUR |
Schemes
Individueel Maatwerk
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Of 505 companies in sector 46841 we hold annual accounts for 365. 243 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-07-1963
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
46841Wholesale trade
46610Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
51880
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.