Active BE 0847.797.519Private limited company (pre-2019)Open bankruptcy

MADYCARO

Oude Koornmarkt 2 ·2000 Antwerpen, Belgium· 13 yrs active

Sector: Food & beverage service (56112)

Conclusion Checked

A bankruptcy procedure is open for MADYCARO according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-263k) and a net result of €72k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-263k
Net result	€72k
Staff (FTE)	5.3
Better than sector	10%

Snowflake analysis 5 axes · computed by Checked

18 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 0

Solvency 33

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview9 NBB filings

Annual accounts filed on 13-10-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 56 — Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-202.6%	16.0%	better than 10% of 265 sector peers
Net result	€72k	€433	better than 95% of 264 sector peers
Equity	€-263k	€8k	better than 5% of 265 sector peers
Gross operating margin	€210k	€30k	better than 95% of 264 sector peers
Staff costs	€136k	€30k	higher than 91% of 184 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-48k

-30.3% 18–21

Net profit

€72k

— 18–21

Cash flow

€-354k

-16.2% 18–21

Total assets

€130k

+233.3% 18–21

Equity

€-263k

+21.4% 18–21

Working capital

€-163k

+30.5% 18–21

Employees (FTE)

5

-3.6% 18–21

Staff costs

€136k

— 18–21

Debt

€393k

+5.2% 18–21

Debt ≤ 1y

€293k

+7.1% 18–21

Debt > 1y

€100k

0.0% 18–21

Current ratio

0.44

+211.2% 18–21

Quick ratio

0.43

+260.6% 18–21

Solvency

-202.6%

+76.4% 18–21

Debt / equity

-1.49

-400.0% 18–21

ROE

-27.2%

— 18–21

ROA

55.1%

— 18–21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	—
EBITDA	—
Net profit	€72k
Cash flow	—
Staff costs	€136k
Income taxes	—
Dividends	—
Total assets	€130k
Equity	€-263k
Debt	€393k
of which ≤ 1y	€293k
of which > 1y	€100k
Working capital	€-163k
Employees (FTE)	5.3

Ratios (computed)

	2021
Current ratio	0.44
Quick ratio	0.43
Working capital ratio	-125.7%
Solvency	-202.6%
Debt / equity	-1.49
Long-term debt ratio	-0.38
Interest coverage	—
Gross margin	—
Net margin	—
ROA	55.1%
ROE	-27.2%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet — Assets
TOTAL ASSETS	20/58	€130k
Current assets	29/58	€130k
Stocks & contracts in progress	3	€5k
Amounts receivable within one year	40/41	€19k
Cash & bank	54/58	€97k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€130k
Equity	10/15	€-263k
Contributions / capital	10/11	€20k
Accumulated profits (losses)	14	€-283k
Amounts payable	17/49	€393k
Amounts payable after one year	17	€100k
Amounts payable within one year	42/48	€293k
Trade debts payable within one year	44	€109k
Income statement
Gross operating margin	9900	€210k
Operating result	9901	€72k
Financial income	75	€1
Financial charges	65	€164
Result before taxes	9903	€72k
Net result for the period	9904	€72k
Result to be appropriated	9905	€72k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	IWEIN MOORKENS MECHELSESTEENWEG 271 8.1, 2018 ANTWERPEN 1 ↔ Also on 85 other cases	25-04-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Food & beverage service(56112)
Legal form	Private limited company (pre-2019)(015)
Incorporation	01-08-2012
Status	Active
Postal code	2000
First BS signal	02-05-2024
Latest BS signal	02-05-2024

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

FRITUUR NR1

Hoogstraat 1, 2000 AntwerpenActiviteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden

since 20122.211.726.692

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11804D0316/00_000	Flanders	43 m²	1 · 43 m²	20.1 m · 7 fl.
11804D0315/00_000	Flanders	36 m²	1 · 36 m²	19.7 m · 5 fl.

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.

Updates 10 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

02-05-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · MADYCARO BVBA OUDE KOORNMARKT 2/1, 2000 ANTWERPEN 1 · event 25-04-2024

2022

13-10-2022