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Madyol

Active
Private limited companyfounded 20188 yrs activeTervurenlaan 273, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0691.614.552
Summary

The computed 12-month bankruptcy probability of Madyol is 2.4% (moderate). The 2025 annual accounts show equity of €135,205 and a net result of -€13,641. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability35▲+35
Solvency35▲+34
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.09; short-term debt: 90.4% and cash: 7.1% of total assets), and 90.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · 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
highest failure risk from 2 to 8 years 8 years 0 10 y
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filings
Deviation from the deadline
2025
31 d late
2024
168 d early
2023
58 d early
2022
53 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 62 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 6 June (3 of the last 4 filed years within 86 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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

Madyol was incorporated on 1 March 2018.1 Total assets rose from EUR 30,933 in 2022 to EUR 1.4 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€135,205
2024 · -€1,154
Total assets
€1.4m▲ 29,458%
2024 · €4,740
Net result
-€13,641▲ 25.6%
2024 · -€18,325
Working capital
-€1.2m▼ 101,104%
2024 · -€1,143
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€14,613-€11,021▼ 24.6%-€17,885-€13,526▲ 24.4%
Net result€11,827-€6,924▼ 41.5%-€18,325-€13,641▲ 25.6%
Equity€10,247-€17,171▲ 67.6%-€1,154€135,205
Total assets€30,933-€25,195▼ 18.5%€4,740▼ 81.2%€1.4m▲ 29,458%
Debt€20,686-€8,024▼ 61.2%€5,894▼ 26.5%€1.3m▲ 21,378%
Working capital€10,247-€17,171▲ 67.6%-€1,143-€1.2m▼ 101,104%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2022: €14,613€14,613Net result 2022: €11,827€11,827Operating result 2023: €11,021€11,021Net result 2023: €6,924€6,924Operating result 2024: -€17,885-€17,885Net result 2024: -€18,325-€18,325Operating result 2025: -€13,526-€13,526Net result 2025: -€13,641-€13,6412022202320242025-€20,000-€10,000€0€10,000Operating result 2023: €11,021€11,000Net result 2023: €6,924€6,920Operating result 2024: -€17,885-€17,900Net result 2024: -€18,325-€18,300Operating result 2025: -€13,526-€13,500Net result 2025: -€13,641-€13,600202320242025
The operating result stays negative: a loss of €13,526 in 2025 against €17,885 in 2024; the loss shrinks.
Balance-sheet composition
Assets €1.4m
Fixed assets €1.3m
Current assets €109,076
Equity and liabilities €1.4m
Equity €135,205
Debt €1.3m
Debt finances 90.4% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.09
Debt to equity
9.36
ROE
-10.1%
ROA
-1.0%
Debt ≤ 1 year
€1.3m▲
2024 · €5,883
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 820 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
1.8% went bankrupt
3.3% stopped otherwise
95% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 820 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 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€4,740€1.4m▲
Fixed assets21/28-€1.3m
Tangible fixed assets22/27-€1.3m
Land and buildings22-€1.1m
Assets under construction and advance payments27-€165,438
Current assets29/58€4,740€109,076▲
Amounts receivable within one year40/41€726-
Trade receivables40€726-
Cash at bank and in hand54/58€4,014€99,750▲
Deferred charges and accrued income490/1-€9,326
Equity and liabilities
Total equity and liabilities10/49€4,740€1.4m▲
Equity10/15-€1,154€135,205▲
Contributions10/11€1,000€151,000▲
Profit (loss) carried forward14-€2,154-€15,795▼
Amounts payable17/49€5,894€1.3m▲
Amounts payable within one year42/48€5,883€1.3m▲
Trade debts44€2,769€65,950▲
Suppliers440/4€2,769€65,950▲
Taxes, remuneration and social security45€933-
Taxes450/3€933-
Other amounts payable47/48€2,181€1.2m▲
Accrued charges and deferred income492/3€11-
Income statement Code20242025
Other operating charges640/8€387-
Gross operating margin9900-€17,498-€13,526▲
Operating profit (loss)9901-€17,885-€13,526▲
Financial charges65/66B€436€114▼
Recurring financial charges65€436€114▼
Profit (loss) for the period before taxes9903-€18,321-€13,641▲
Income taxes67/77€5-
Profit (loss) for the period9904-€18,325-€13,641▲
Profit (loss) for the period to be appropriated9905-€18,325-€13,641▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2,154-€15,795▼
Profit (loss) brought forward from the previous period14P€16,171-€2,154▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Provisions for liabilities and charges: additions (uses and reversals)635/8-€3,450----
Other operating charges640/8€498€384€387--
Gross operating margin9900€11,661€11,405-€17,498-€13,526▲ 22.7%
Operating profit (loss)9901€14,613€11,021-€17,885-€13,526▲ 24.4%
Financial income75/76B€2----
Recurring financial income75€2----
Financial charges65/66B€348€398€436€114▼ 73.7%
Recurring financial charges65€348€398€436€114▼ 73.7%
Profit (loss) for the period before taxes9903€14,267€10,623-€18,321-€13,641▲ 25.5%
Income taxes67/77€2,440€3,698€5--
Profit (loss) for the period9904€11,827€6,924-€18,325-€13,641▲ 25.6%
Profit (loss) for the period to be appropriated9905€11,827€6,924-€18,325-€13,641▲ 25.6%
Line2022202320242025Change
Assets
Total assets20/58€30,933€25,195€4,740€1.4m▲ 29,458%
Fixed assets21/28---€1.3m-
Tangible fixed assets22/27---€1.3m-
Land and buildings22---€1.1m-
Assets under construction and advance payments27---€165,438-
Current assets29/58€30,933€25,195€4,740€109,076▲ 2,201%
Stocks and contracts in progress3€8,153€8,153---
Stocks30/36€8,153€8,153---
Amounts receivable within one year40/41€7,212€5,225€726--
Trade receivables40€6,052€4,008€726--
Other amounts receivable41€1,160€1,216---
Cash at bank and in hand54/58€13,802€10,455€4,014€99,750▲ 2,385%
Deferred charges and accrued income490/1€1,766€1,362-€9,326-
Equity and liabilities
Total equity and liabilities10/49€30,933€25,195€4,740€1.4m▲ 29,458%
Equity10/15€10,247€17,171-€1,154€135,205▲ 11,816%
Contributions10/11€1,000€1,000€1,000€151,000▲ 15,000%
Profit (loss) carried forward14€9,247€16,171-€2,154-€15,795▼ 633%
Amounts payable17/49€20,686€8,024€5,894€1.3m▲ 21,378%
Amounts payable within one year42/48€20,686€8,024€5,883€1.3m▲ 21,417%
Trade debts44€1,644€659€2,769€65,950▲ 2,281%
Suppliers440/4€1,644€659€2,769€65,950▲ 2,281%
Taxes, remuneration and social security45€749-€933--
Taxes450/3€749-€933--
Other amounts payable47/48€18,293€7,365€2,181€1.2m▲ 54,922%
Accrued charges and deferred income492/3--€11--
Line2022202320242025Change
Profit (loss) for the period9904€11,827€6,924-€18,325-€13,641▲ 25.6%
Operating cash flow (approximation)€11,827€6,924-€18,325-€13,641▲ 25.6%
Change in cash--€3,347-€6,441€95,736▲ 1,586%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial Equity above €100,000Eq €135,205
Equity rises from -€1,154 to €135,205.
13-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€18,325
Net result drops to -€18,325, the lowest in the series; recovery starts the following year.
03-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity doublescurrent ratio 3.14
Current ratio from 1.50 to 3.14; short-term debt falls from €20,686 to €8,024.
08-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Sint-Pieters-Woluwe · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
2,401 m²
Building footprint
855 m²
Volume, LiDAR
16,645 m³
2 parcels, Brussels · tallest building 29.2 m, ±7 floors. Linked by address, not a title deed.
35 companies at this address See who is registered here
1 establishment unit
Montgolfierlaan 7, 1150 Sint-Pieters-Woluwe
Manufacture of jewellery
since 20182.273.304.767
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21019A0193/00Z002 Brussels 2,289 m² 1 · 743 m² 29.2 m · 7 fl.
21683D0324/00K017 Brussels 112 m² 1 · 112 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded01-03-2018
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0691614552
Registered 29-10-2025

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

Register as of 28 September 2026 · Peppol Directory

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