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MADYAR

Active
Private limited companyfounded 20242 yrs activeWaterlose Steenweg 318, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 1005.816.655
Summary

The computed 12-month bankruptcy probability of MADYAR is 6.2% (elevated). The 2025 annual accounts show equity of €33,067 and a net result of €18,067. Its solvency ranks better than 84% of 13617 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
59 / 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes
Profitability100
Solvency96
Growth-
Track record67
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.18; short-term debt: 29.3% and cash: 70% of total assets), and 29.3% of the assets are financed with debt.
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Signals

Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
70.7%
Return on assets
38.6%
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 09-06-2026, 52 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
52 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

MADYAR was incorporated on 8 February 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€33,067
Total assets
€46,747
Net result
€18,067
Working capital
€29,853

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

Balance-sheet composition
Assets €46,747
Fixed assets €3,214
Current assets €43,533
Equity and liabilities €46,747
Equity €33,067
Debt €13,679
Debt finances 29.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€23,412
Cash flow
€23,118
Current ratio
3.18
Quick ratio
3.10
Debt to equity
0.41
ROE
54.6%
ROA
38.6%
Interest coverage
84.67
Debt ≤ 1 year
€13,679
Income taxes
€20
Staff costs
€10,049

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 6.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€46,747
Fixed assets21/28€3,214
Tangible fixed assets22/27€3,214
Furniture and vehicles24€3,214
Current assets29/58€43,533
Stocks and contracts in progress3€1,078
Stocks30/36€1,078
Amounts receivable within one year40/41€9,712
Other amounts receivable41€9,712
Cash at bank and in hand54/58€32,742
Equity and liabilities
Total equity and liabilities10/49€46,747
Equity10/15€33,067
Contributions10/11€15,000
Outside capital11€15,000
Other1109/19€15,000
Profit (loss) carried forward14€18,067
Amounts payable17/49€13,679
Amounts payable within one year42/48€13,679
Trade debts44€13,679
Suppliers440/4€13,679
Income statement Code2025
Remuneration, social security and pensions62€10,049
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,051
Other operating charges640/8€707
Gross operating margin9900€34,168
Operating profit (loss)9901€18,362
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€277
Recurring financial charges65€277
Profit (loss) for the period before taxes9903€18,087
Income taxes67/77€20
Profit (loss) for the period9904€18,067
Profit (loss) for the period to be appropriated9905€18,067
Appropriation of the result
Profit (loss) to be appropriated9906€18,067

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€10,049
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,051
Other operating charges640/8€707
Gross operating margin9900€34,168
Operating profit (loss)9901€18,362
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€277
Recurring financial charges65€277
Profit (loss) for the period before taxes9903€18,087
Income taxes67/77€20
Profit (loss) for the period9904€18,067
Profit (loss) for the period to be appropriated9905€18,067
Line2025
Assets
Total assets20/58€46,747
Fixed assets21/28€3,214
Tangible fixed assets22/27€3,214
Furniture and vehicles24€3,214
Current assets29/58€43,533
Stocks and contracts in progress3€1,078
Stocks30/36€1,078
Amounts receivable within one year40/41€9,712
Other amounts receivable41€9,712
Cash at bank and in hand54/58€32,742
Equity and liabilities
Total equity and liabilities10/49€46,747
Equity10/15€33,067
Contributions10/11€15,000
Outside capital11€15,000
Other1109/19€15,000
Profit (loss) carried forward14€18,067
Amounts payable17/49€13,679
Amounts payable within one year42/48€13,679
Trade debts44€13,679
Suppliers440/4€13,679
Line2025
Profit (loss) for the period9904€18,067
+ Depreciation and write-downs630€5,051
Operating cash flow (approximation)€23,118

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
09-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
68 m²
Building footprint
68 m²
Volume, LiDAR
745 m³
Parcel 21013B0326/00B014, Brussels · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
MADYAR
Waterlose Steenweg 318, 1060 Sint-Gillis (bij-Brussel)Limited-service restaurants
since 20242.355.566.113
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21013B0326/00B014 Brussels 68 m² 1 · 68 m² 14.8 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Sint-Gillis2.355.566.113
1 permission
Toelating · Eetgelegenheid · since 20-02-2024

Similar companies · same sector, comparable size

Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,574 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded08-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005816655
Also 9925:BE1005816655
Registered 20-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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