MADSOUND

Active

Private limited companyfounded 20224 yrs activeRue de Campine 387, 4000 Liège, BelgiumKBO/BCE: BE 0783.304.593

Summary

MADSOUND has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €-13k. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Watch Print / PDF

Checked score

Score 2025

67 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability25▼-31

Solvency100▲+1

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 2.45 against 9.03 in 2024; short-term debt: 17.8% and cash: 24.5% of total assets), and 17.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 90

Relative position

BE, all sectors

reference

Sector 90

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

82.2%

Return on assets

-49.5%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

22232425

2022 to 2025 · latest year €-13k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

31 d late

2024

31 d late

2023

30 d late

2022

8 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€22k▼ 37.6%

2024 · €35k

2022: €31k 2023: €40k 2024: €35k

2022 → 2025

Total assets

€27k▼ 43.7%

2024 · €47k

2022: €60k 2023: €57k 2024: €47k

2022 → 2025

Net result

€-13k▼ 183%

2024 · €-5k

2022: €28k 2023: €9k 2024: €-5k

2022 → 2025

Working capital

€7k▼ 65.8%

2024 · €20k

2022: €-2k 2023: €16k 2024: €20k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€31k-€40k▲ 28.2%€35k▼ 11.7%€22k▼ 37.6%

Operating result€35k-€11k▼ 67.8%€-5k€-13k▼ 187%

Net result€28k-€9k▼ 68.8%€-5k€-13k▼ 183%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €13k in 2025 against €5k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €27k

56.2%

43.8%

Fixed assets €15k ▼ 39.1%

Current assets €12k ▼ 48.7%

Equity and liabilities €27k

82.2%

17.8%

Equity €22k ▼ 37.6%

Debt €5k ▼ 61.3%

The debt ratio falls from 25.9% to 17.8%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€686▼

2024 · €13k

Cash flow

€459▼

2024 · €13k

Current ratio

2.45▼

2024 · 9.03

Debt / equity

0.22▼

2024 · 0.35

ROE

-60.2%▼

2024 · -13.3%

ROA

-49.5%▼

2024 · -9.8%

Interest coverage

2.98▼

2024 · 91.04

Debt ≤ 1 year

€5k▲

2024 · €3k

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 · 38 lines

Balance sheet Code20242025

Assets

Total assets20/58€47k€27k▼

Fixed assets21/28€25k€15k▼

Tangible fixed assets22/27€25k€15k▼

Plant, machinery and equipment23€18k€13k▼

Furniture and vehicles24€7k€2k▼

Current assets29/58€23k€12k▼

Amounts receivable within one year40/41€6k€3k▼

Trade receivables40€4k€2k▼

Other amounts receivable41€2k€1k▼

Cash at bank and in hand54/58€15k€7k▼

Deferred charges and accrued income490/1€2k€2k▲

Equity and liabilities

Total equity and liabilities10/49€47k€27k▼

Equity10/15€35k€22k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€32k€19k▼

Amounts payable17/49€12k€5k▼

Amounts payable within one year42/48€3k€5k▲

Trade debts44€2k€3k▲

Suppliers440/4€2k€3k▲

Taxes, remuneration and social security45€808€2k▲

Taxes450/3€808€2k▲

Remuneration and social security454/9€0€0=

Other amounts payable47/48€0€0=

Accrued charges and deferred income492/3€10k€0▼

Income statement Code20242025

Remuneration, social security and pensions62€77-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€14k▼

Other operating charges640/8€96€958▲

Gross operating margin9900€14k€2k▼

Operating profit (loss)9901€-5k€-13k▼

Financial income75/76B€1€3▲

Recurring financial income75€1€3▲

Financial charges65/66B€147€230▲

Recurring financial charges65€147€230▲

Profit (loss) for the period before taxes9903€-5k€-13k▼

Profit (loss) for the period9904€-5k€-13k▼

Profit (loss) for the period to be appropriated9905€-5k€-13k▼

Appropriation of the result

Profit (loss) to be appropriated9906€32k€19k▼

Profit (loss) brought forward from the previous period14P€37k€32k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Weakest financial yearnet €-13k

Net result drops to €-13k, the lowest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

31-12

Financial Liquidity times 5current ratio 9.03

Current ratio from 1.94 to 9.03; short-term debt falls from €17k to €3k.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Liquidity doublescurrent ratio 1.94

Current ratio from 0.92 to 1.94; short-term debt falls from €29k to €17k.

08-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 8 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Liège · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Rue de Campine 3874000 Liège

Ground area

360 m²

Building footprint

218 m²

Volume, LiDAR

2,017 m³

2 parcels, Brussels, Wallonia · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

MADSOUND

Groenstraat 150, 1030 SchaarbeekMotion picture, video and television programme production, sound recording and music publishing activities

since 20222.329.221.507

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21908E0243/00V004	Brussels	254 m²	1 · 102 m²	16.4 m · 4 fl.
62818E0301/00S000	Wallonia	106 m²	1 · 116 m²	10.7 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

MK SOUND PRO

BE 1000.841.347

Boortmeerbeek · Eq €22k

Of 3,396 companies in sector 90393 we hold annual accounts for 940. 646 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded11-03-2022

Fiscal year end31-12

Activities, NACEBEL

90393Specialised image, lighting and sound technical services

59202Motion picture, video and television programme production, sound recording and music publishing activities

59209Motion picture, video and television programme production, sound recording and music publishing activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.