MAD
ActiveFrom the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of MAD is 5.9% (elevated). The 2025 annual accounts show negative equity (-€15,408) and a net result of -€72,549. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 20% of 4,785 sector peers (NACE 56, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 21-09-2015 Normal situation
- Activity
- Limited-service restaurants, excluding mobile food services NACE 56112and 2 others
- Establishment unit
- 2.247.013.809 3600 Genk, since 01-10-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.9%
- Gross margin
- €856,287
- ▼ 3.8%
- Turnover
- ≈ €2.4m
- estimated
- Loss
- €72,549
- Equity
- -€15,408
- Total assets
- €318,075
- ▼ 9.3%
- Staff
- 21.1 FTE
- ▲ 11.6%
Score breakdownraises riskNegative equity -€15,408Loss of €72,549 (financial year 2025)Sector: Food and beverage service activities (NACE 56)1 of the last 3 accounts lateShow the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, small). It does better than 13% of them on solvency, 13% on liquidity, 4% on profitability and 5% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€15,408 View
- Caution: From profit to loss in 2025after a profit of €85,683 in 2024 -€72,549 View
- Caution: Lower net result than 92% of companies in food and beverage servicesector median €10,390 · 4,780 companies -€72,549 View
- Flemish supportawarded from 2022 to 2025 €202,443 View
Comparable companies
These companies have the same main activity as MAD: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €334,000 and €415,000, founded between 2014 and 2018.
| Company | Total assets | Gross margin |
|---|---|---|
| MAD Genk | €0.3m | €0.9m |
| cafématic Antwerpen | €0.3m | €1.1m |
| DALTON Brussel | €0.4m | €0.8m |
| SSN1 Namur | €0.3m | €0.8m |
| BÚN Antwerpen | €0.4m | €0.7m |
| SOMAREST Theux | €0.4m | €0.8m |
| SSL1 Liège | €0.3m | €0.9m |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 20-05-2026
- Annual accounts 2024filed on 27-06-2025
- Annual accounts 2023filed on 30-09-2024
- Annual accounts 2022filed on 28-07-2023
Acts in the Belgian Official Gazette
All publications in the Belgian Official GazetteArticles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about MAD
- What is the company number of MAD?
- The company number of MAD is 0637.938.712. The VAT number is the same number with BE in front: BE 0637.938.712.
- Where is MAD based?
- The registered office is at Hermeslaan 60, 3600 Genk.Company details
- What does MAD do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of MAD?
- The legal form of MAD is Private limited company (BV).
- When was MAD founded?
- MAD was founded on 21-09-2015.
- Is MAD still active?
- Yes, MAD is an active enterprise in the KBO register.
- How many employees does MAD have?
- MAD had an average of 21.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MAD?
- The turnover in financial year 2025 is ≈ €2.4m. This figure is estimated from the gross margin of €856,287 and 35 comparable companies (NACE 56112). It probably lies between €2.0m and €2.7m.
- Is MAD profitable?
- In financial year 2025, MAD made a loss of €72,549.
- Where can I find the annual accounts of MAD?
- MAD filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of MAD due?
- MAD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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