MARDELA
ActiveMARDELA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €307k and a net result of €91. Equity is shrinking by ~24% per year across the filed fiscal years. Its solvency ranks better than 84% of 7962 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
26 d late
2023
9 d late
2022
19 d late
2020
18 d late
2019
49 d late
2018
44 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€307k▼ 4.6%
2024 · €322k
2018: €785k
2019: €781k
2020: €796k
2022: €235k
2023: €217k
2024: €322k
2018 → 2025
Net result
€91▼ 99.9%
2024 · €136k
2018: €8k
2019: €-3k
2020: €15k
2022: €14k
2023: €-17k
2024: €136k
2018 → 2025
Total assets
€355k▼ 14.5%
2024 · €416k
2018: €845k
2019: €829k
2020: €878k
2022: €660k
2023: €574k
2024: €416k
2018 → 2025
Solvency
86.4%▲ 9.0pp
2024 · 77.5%
2018: 92.9%
2019: 94.3%
2020: 90.7%
2022: 35.5%
2023: 37.9%
2024: 77.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€796k-€235k▼ 70.5%€217k▼ 7.3%€322k▲ 48.0%€307k▼ 4.6%
Operating result€20k-€22k▲ 8.8%€-17k€194k€-2k
Net result€15k-€14k▼ 7.8%€-17k€136k€91▼ 99.9%
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 turns negative in 2025: a loss of €2k after €194k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €355k
Fixed assets
€6k▼ 49.0%
Current assets
€349k▼ 13.5%
Equity and liabilities €355k
Equity
€307k▼ 4.6%
Debt
€48k▼ 48.6%
The debt ratio falls from 22.5% to 13.6%: debt falls faster than equity shrinks.
Key figures and ratios
Solvency
86.4%▲
2024 · 77.5%
ROE
0.0%▼
2024 · 42.2%
ROA
0.0%▼
2024 · 32.7%
Debt
€48k▼
2024 · €94k
Debt ≤ 1 year
€48k▼
2024 · €94k
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€416k€355k▼
Fixed assets21/28€12k€6k▼
Tangible fixed assets22/27€12k€6k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€10k€3k▼
Current assets29/58€403k€349k▼
Stocks and contracts in progress3€2k€25k▲
Stocks30/36€2k€4k▲
Contracts in progress37-€21k
Amounts receivable within one year40/41€66k€30k▼
Trade receivables40€54k€23k▼
Other amounts receivable41€12k€7k▼
Current investments50/53€21k€252k▲
Cash at bank and in hand54/58€315k€41k▼
Equity and liabilities
Total equity and liabilities10/49€416k€355k▼
Equity10/15€322k€307k▼
Contributions10/11€19k€19k=
Reserves13€221k€206k▼
Distributable reserves133€221k€206k▼
Profit (loss) carried forward14€82k€82k▲
Amounts payable17/49€94k€48k▼
Amounts payable within one year42/48€94k€48k▼
Trade debts44€44k€26k▼
Suppliers440/4€44k€26k▼
Taxes, remuneration and social security45€81€3k▲
Taxes450/3€81€3k▲
Other amounts payable47/48€50k€19k▼
Income statement
Code20242025
Non-recurring operating income76A€206k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€4k€922▼
Gross operating margin9900€207k€8k▼
Operating profit (loss)9901€194k€-2k▼
Financial income75/76B€206€2k▲
Recurring financial income75€206€2k▲
Financial charges65/66B€547€642▲
Recurring financial charges65€547€642▲
Profit (loss) for the period before taxes9903€194k€91▼
Income taxes67/77€58k-
Profit (loss) for the period9904€136k€91▼
Profit (loss) for the period to be appropriated9905€136k€91▼
Appropriation of the result
Profit (loss) to be appropriated9906€218k€82k▼
Profit (loss) brought forward from the previous period14P€82k€82k=
Transfer from equity791/2€31k€15k▼
Transfer to equity691/2€136k-
To other reserves6921€136k-
Profit to be distributed694/7€31k€15k▼
Return on contributions (dividend)694€31k€15k▼
The notes to these accounts (5 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €136k
Net result €136k after one loss-making year.
31-12
Financial
Liquidity times 17current ratio 4.31
Current ratio from 0.25 to 4.31; short-term debt falls from €357k to €94k.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Weakest financial yearnet €-17k ▼224%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 44 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Tielt · 1 establishment unit since 2003
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.
Putterijstraat 268700 TieltGround area
1,358 m²
Building footprint
327 m²
Volume, LiDAR
1,426 m³
Parcel 37303G0507/00M000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MARDELA
since 20032.132.433.746
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303G0507/00M000 | Flanders | 1,358 m² | 1 · 327 m² | 7.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 13,731 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-06-2003
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.