MADY & CO
ActiveThe computed 12-month bankruptcy probability of MADY & CO is 1.6% (moderate). The 2025 annual accounts show equity of €244k and a net result of €195k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 7778 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
69
/ 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
Profitability100▲+7
Solvency64▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 2.52 in 2024; short-term debt: 60.6% and cash: 55.7% of total assets), but 60.6% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
39.4%
Return on assets
31.5%
Age of the figures
9 mo
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 10-06-2026, 51 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
51 d early
2024
35 d early
2023
34 d early
2022
53 d early
2021
31 d early
2020
37 d early
2019
50 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€244k▼ 34.8%
2024 · €374k
2018: €203k
2019: €287k
2020: €373k
2021: €401k
2022: €429k
2023: €451k
2024: €374k
2018 → 2025
Total assets
€618k▲ 0.3%
2024 · €617k
2018: €531k
2019: €529k
2020: €551k
2021: €454k
2022: €448k
2023: €600k
2024: €617k
2018 → 2025
Net result
€195k▲ 59.8%
2024 · €122k
2018: €63k
2019: €71k
2020: €83k
2021: €35k
2022: €55k
2023: €75k
2024: €122k
2018 → 2025
Working capital
€237k▼ 36.1%
2024 · €370k
2018: €186k
2019: €284k
2020: €299k
2021: €357k
2022: €416k
2023: €447k
2024: €370k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€401k-€429k▲ 6.9%€451k▲ 5.2%€374k▼ 17.3%€244k▼ 34.8%
Operating result€34k-€58k▲ 73.5%€89k▲ 52.8%€156k▲ 74.8%€248k▲ 59.5%
Net result€35k-€55k▲ 55.4%€75k▲ 37.2%€122k▲ 62.9%€195k▲ 59.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 59% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €618k
Fixed assets
€7k▲ 110%
Current assets
€611k▼ 0.3%
Equity and liabilities €618k
Equity
€244k▼ 34.8%
Debt
€375k▲ 54.1%
The debt ratio rises from 39.4% to 60.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€249k▲
2024 · €157k
Cash flow
€196k▲
2024 · €123k
Solvency
39.4%▼
2024 · 60.6%
Current ratio
1.63▼
2024 · 2.52
Quick ratio
1.42▼
2024 · 2.20
Debt / equity
1.54▲
2024 · 0.65
ROE
80.1%▲
2024 · 32.7%
ROA
31.5%▲
2024 · 19.8%
Interest coverage
253.31▲
2024 · 37.60
Debt
€375k▲
2024 · €243k
Debt ≤ 1 year
€375k▲
2024 · €243k
Income taxes
€60k▲
2024 · €36k
Staff costs
€192k▲
2024 · €131k
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€617k€618k▲
Fixed assets21/28€3k€7k▲
Tangible fixed assets22/27€3k€6k▲
Plant, machinery and equipment23-€4k
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€600€600=
Current assets29/58€614k€611k▼
Stocks and contracts in progress3€78k€78k▲
Stocks30/36€21k€19k▼
Contracts in progress37€56k€59k▲
Amounts receivable within one year40/41€207k€188k▼
Trade receivables40€191k€173k▼
Other amounts receivable41€17k€15k▼
Cash at bank and in hand54/58€328k€344k▲
Deferred charges and accrued income490/1€440€1k▲
Equity and liabilities
Total equity and liabilities10/49€617k€618k▲
Equity10/15€374k€244k▼
Contributions10/11€149k€149k=
Reserves13€225k€95k▼
Distributable reserves133€225k€95k▼
Amounts payable17/49€243k€375k▲
Amounts payable within one year42/48€243k€375k▲
Financial debts43€3k€43k▲
Credit institutions430/8€3k€43k▲
Trade debts44€17k€56k▲
Suppliers440/4€17k€56k▲
Taxes, remuneration and social security45€42k€110▼
Taxes450/3€34k€110▼
Remuneration and social security454/9€7k-
Other amounts payable47/48€182k€276k▲
Income statement
Code20242025
Remuneration, social security and pensions62€131k€192k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€725€578▼
Other operating charges640/8€169€129▼
Gross operating margin9900€288k€441k▲
Operating profit (loss)9901€156k€248k▲
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€4k€983▼
Recurring financial charges65€4k€983▼
Profit (loss) for the period before taxes9903€158k€255k▲
Income taxes67/77€36k€60k▲
Profit (loss) for the period9904€122k€195k▲
Profit (loss) for the period to be appropriated9905€122k€195k▲
Appropriation of the result
Profit (loss) to be appropriated9906€122k€195k▲
Transfer from equity791/2€120k€325k▲
Transfer to equity691/2€122k€195k▲
To other reserves6921€122k€195k▲
Profit to be distributed694/7€120k€325k▲
Return on contributions (dividend)694€120k€325k▲
Social balance
Average headcount (FTE)9087-3.3
The notes to these accounts (7 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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €195k ▲59.8%
Operating result €248k, net result €195k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 22.88
Current ratio from 7.80 to 22.88; short-term debt falls from €52k to €19k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €35k ▼57.6%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.80
Current ratio from 2.70 to 7.80; short-term debt falls from €176k to €52k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Anderlecht · 1 establishment unit since 2017
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.
Bergense Steenweg 814A1070 AnderlechtGround area
2,782 m²
Building footprint
1,550 m²
Volume, LiDAR
52,294 m³
2 parcels, Brussels · tallest building 47.3 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
Mady & Co
since 20172.272.945.570
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0130/00E000 | Brussels | 2,640 m² | 1 · 1,480 m² | 47.3 m · 14 fl. |
| 21306D0190/00V003 | Brussels | 142 m² | 1 · 70 m² | 9.4 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.
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ENTREPRISE D'ANDREA ET FILS
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Of 8,563 companies in sector 43410 we hold annual accounts for 4,358. 3,490 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2017
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.