Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2022; threshold 65 %.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
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Busy address KBO
60 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2022
Madzuli Development from Mechelen, company number BE0733875076, closed financial year 2022 with a result of € -7,637 after tax. For that financial year Madzuli Development recorded a gross margin of € -7,611 and equity of € -24,525. Compared with financial year 2021, the result moved from € -662 to € -7,637. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 11, 2023.
€ -24,525
▼ € 7,637 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,637
▼ 1054 % more loss than in 2021
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -42,525.
People and assets in 2022
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2022
None
No bank loans on the last day of the fiscal year.
€ 3,991
▲ € 3,347 vs 2021
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € -644 | € -7,611 | ▼ € 6,967 |
| Profit after taxes | € -662 | € -7,637 | ▼ € 6,975 |
| Equity | € -16,888 | € -24,525 | ▼ € 7,637 |
| Total debts | € 22,501 | € 26,627 | ▲ 18% |
| Retained profit | € -34,888 | € -42,525 | ▼ € 7,637 |
| Balance sheet total | € 5,613 | € 2,102 | ▼ 63% |
Key figures of Madzuli Development, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to Madzuli Development?
What happened at Madzuli Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2022: loss of € 7,637. filed late Source: NBB ↗
- New establishment in Mechelen. KBO
- Kevin Geets became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 662 loss in 2021 to € 7,637 loss in 2022.
Management
Behind Madzuli Development is Kevin Geets. Kevin Geets is also behind ALDRIN and MaDo.
Establishments
Establishment units
Physical locations of this company
Schaliënhoevedreef 20 box F
2800 Mechelen
Schaliënhoevedreef 20C
2800 Mechelen
Active since 10 September 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 60 companies are registered at this address.
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+55 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0733.875.076
- VAT number
- BE 0733.875.076
- Registered office
- Schaliënhoevedreef 20 bus F, 2800 Mechelen
- Names & denominations
- Madzuli Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 September 2019
- Peppol
- Not registered
- Activities · NACE
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