Madzuli Development
ActiveSummary
The computed 12-month bankruptcy probability of Madzuli Development is 2.1% (moderate). For Madzuli Development, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (€-25k) and a net result of €-8k. Equity is shrinking by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 16078 sector peers (fiscal year 2022). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0▼-8
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2022Age of the figures
Age of the figures
45 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 11-09-2023, 42 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
42 d late
2021
46 d late
2020
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€-25k▼ 45.2%
2021 · €-17k
2020: €-16khighest in 3 years
2021: €-17k▼ -4.1% vs 2020
2022: €-25k▼ -45.2% vs 2021lowest in 3 years
2020 → 2022
Total assets
€2k▼ 62.6%
2021 · €6k
2020: €6khighest in 3 years
2021: €6k▼ -0.3% vs 2020
2022: €2k▼ -62.6% vs 2021lowest in 3 years
2020 → 2022
Net result
€-8k▼ 1,054%
2021 · €-662
2020: €-34klowest in 3 years
2021: €-662▲ +98.1% vs 2020highest in 3 years
2022: €-8k▼ -1054% vs 2021
2020 → 2022
Working capital
€-25k▼ 45.2%
2021 · €-17k
2020: €-16khighest in 3 years
2021: €-17k▼ -4.1% vs 2020
2022: €-25k▼ -45.2% vs 2021lowest in 3 years
2020 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€-16k-€-17k▼ 4.1%€-25k▼ 45.2%
2020: €-16khighest in 3 years
2021: €-17k▼ -4.1% vs 2020
2022: €-25k▼ -45.2% vs 2021lowest in 3 years
Operating result€-33k-€-644▲ 98.0%€-8k▼ 1,081%
2020: €-33klowest in 3 years
2021: €-644▲ +98.0% vs 2020highest in 3 years
2022: €-8k▼ -1081% vs 2021
Net result€-34k-€-662▲ 98.1%€-8k▼ 1,054%
2020: €-34klowest in 3 years
2021: €-662▲ +98.1% vs 2020highest in 3 years
2022: €-8k▼ -1054% vs 2021
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 €8k in 2022 against €644 in 2021; the loss grows.
Key figures and ratios
Debt
€27k▲
2021 · €23k
Debt ≤ 1 year
€27k▲
2021 · €23k
Ratios withheld: a balance sheet total of €2k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 23 lines
Balance sheet
Code20212022
Assets
Total assets20/58€6k€2k▼
Current assets29/58€6k€2k▼
Amounts receivable within one year40/41€6k€2k▼
Trade receivables40-€780
Other amounts receivable41€6k€1k▼
Equity and liabilities
Total equity and liabilities10/49€6k€2k▼
Equity10/15€-17k€-25k▼
Contributions10/11€18k€18k=
Profit (loss) carried forward14€-35k€-43k▼
Amounts payable17/49€23k€27k▲
Amounts payable within one year42/48€23k€27k▲
Trade debts44€644€4k▲
Suppliers440/4€644€4k▲
Other amounts payable47/48€22k€23k▲
Income statement
Code20212022
Gross operating margin9900€-644€-8k▼
Operating profit (loss)9901€-644€-8k▼
Financial charges65/66B€18€26▲
Recurring financial charges65€18€26▲
Profit (loss) for the period before taxes9903€-662€-8k▼
Profit (loss) for the period9904€-662€-8k▼
Profit (loss) for the period to be appropriated9905€-662€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-43k▼
Profit (loss) brought forward from the previous period14P€-34k€-35k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €-33k | €-644 | €-8k | ▼ 1,081% |
| Operating profit (loss)9901 | €-33k | €-644 | €-8k | ▼ 1,081% |
| Financial charges65/66B | - | €18 | €26 | ▲ 48.6% |
| Recurring financial charges65 | €1k | €18 | €26 | ▲ 48.6% |
| Profit (loss) for the period before taxes9903 | €-34k | €-662 | €-8k | ▼ 1,054% |
| Profit (loss) for the period9904 | €-34k | €-662 | €-8k | ▼ 1,054% |
| Profit (loss) for the period to be appropriated9905 | €-34k | €-662 | €-8k | ▼ 1,054% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €6k | €6k | €2k | ▼ 62.6% |
| Current assets29/58 | €6k | €6k | €2k | ▼ 62.6% |
| Amounts receivable within one year40/41 | €6k | €6k | €2k | ▼ 62.6% |
| Trade receivables40 | - | - | €780 | - |
| Other amounts receivable41 | - | €6k | €1k | ▼ 76.4% |
| Cash at bank and in hand54/58 | €18 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €6k | €6k | €2k | ▼ 62.6% |
| Equity10/15 | €-16k | €-17k | €-25k | ▼ 45.2% |
| Contributions10/11 | - | €18k | €18k | = |
| Profit (loss) carried forward14 | €-34k | €-35k | €-43k | ▼ 21.9% |
| Amounts payable17/49 | €22k | €23k | €27k | ▲ 18.3% |
| Amounts payable within one year42/48 | €22k | €23k | €27k | ▲ 18.3% |
| Trade debts44 | - | €644 | €4k | ▲ 520% |
| Suppliers440/4 | - | €644 | €4k | ▲ 520% |
| Other amounts payable47/48 | - | €22k | €23k | ▲ 3.6% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-34k | €-662 | €-8k | ▼ 1,054% |
| Operating cash flow (approximation) | €-34k | €-662 | €-8k | ▼ 1,054% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mechelen · 1 establishment unit since 2019
Ground area
8,114 m²
Building footprint
2,002 m²
Volume, LiDAR
16,687 m³
2 parcels, Flanders · tallest building 24.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Madzuli Development
since 20192.295.021.879
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0204/00G000 | Flanders | 4,340 m² | 1 · 997 m² | - |
| 12402A0204/00R000 | Flanders | 3,774 m² | 1 · 1,004 m² | 24.9 m · 6 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.