MAD - DAM
MAD - DAM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €121k and a net result of €-33k. Equity is shrinking by ~36% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 48% of 6007 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
| Equity | €121k |
| Net result | €-33k |
| Staff (FTE) | 1 |
| Better than sector | 48% |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 39.9% | 41.8% | |
| Net result | €-33k | €89k | |
| Equity | €121k | €1.19M | |
| Gross operating margin | €75k | €245k | |
| Staff costs | €51k | €631k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | full schema | full schema | full schema |
| Revenue | - | - | - |
| EBITDA | €15k | €19k | €68k |
| Net profit | €-33k | €-28k | €9k |
| Cash flow | €7k | €13k | €48k |
| Staff costs | €51k | €82k | €77k |
| Income taxes | €468 | €653 | €6k |
| Dividends | - | €50k | €94k |
| Total assets | €303k | €394k | €516k |
| Equity | €121k | €154k | €231k |
| Debt | €182k | €241k | €272k |
| of which ≤ 1y | €122k | €126k | €105k |
| of which > 1y | €60k | €115k | €167k |
| Working capital | €35k | €82k | €201k |
| Employees (FTE) | 1.0 | 1.1 | 1.2 |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 1.28 | 1.65 | 2.91 |
| Quick ratio | 1.03 | 1.37 | 2.67 |
| Working capital ratio | 11.4% | 20.8% | 39.0% |
| Solvency | 39.9% | 39.0% | 44.8% |
| Debt / equity | 1.51 | 1.57 | 1.18 |
| Long-term debt ratio | 0.50 | 0.75 | 0.72 |
| Interest coverage | 1.54 | 1.65 | 5.11 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -10.9% | -7.0% | 1.8% |
| ROE | -27.3% | -17.9% | 4.0% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (27 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €303k | €394k | €516k |
| Fixed assets | 21/28 | €146k | €186k | €209k |
| Tangible fixed assets | 22/27 | €134k | €174k | €197k |
| Financial fixed assets | 28 | €12k | €12k | €12k |
| Current assets | 29/58 | €157k | €208k | €307k |
| Stocks & contracts in progress | 3 | €31k | €36k | €25k |
| Amounts receivable within one year | 40/41 | €20k | €24k | €32k |
| Investments | 50/53 | - | €91k | €86k |
| Cash & bank | 54/58 | €93k | €53k | €160k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €303k | €394k | €516k |
| Equity | 10/15 | €121k | €154k | €231k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €152k | €152k | €203k |
| Accumulated profits (losses) | 14 | €-49k | €-16k | €9k |
| Provisions & deferred taxes | 16 | - | - | €13k |
| Amounts payable | 17/49 | €182k | €241k | €272k |
| Amounts payable after one year | 17 | €60k | €115k | €167k |
| Amounts payable within one year | 42/48 | €122k | €126k | €105k |
| Trade debts payable within one year | 44 | €28k | €23k | €10k |
| Income statement | ||||
| Gross operating margin | 9900 | €75k | €110k | €153k |
| Operating result | 9901 | €-25k | €-22k | €30k |
| Financial income | 75 | €3k | €1k | €1k |
| Financial charges | 65 | €10k | €11k | €13k |
| Result before taxes | 9903 | €-33k | €-27k | €16k |
| Income taxes | 67/77 | €468 | €653 | €6k |
| Net result for the period | 9904 | €-33k | €-28k | €9k |
| Result to be appropriated | 9905 | €-33k | €-28k | €9k |
| NACE primary | Agents in the wholesale of textiles, clothing, fur, footwear and leather goods(46160) |
| Legal form | Private limited company(610) |
| Incorporation | 18-03-2003 |
| Status | Active |
| Postal code | 1020 |
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.
06-11-2023 Discharge granted to the board
Technical details
{
"events": [
{
"kind": "decharge_granted",
"role": "g\u00E9rant",
"person": {
"rrn": null,
"name": "DESMECHT Philippe Michel",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale donne d\u00E9charge au g\u00E9rant d\u00E9missionnaire pour l\u0027ex\u00E9cution de son mandat.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Katrien VAN KRIEKINGE",
"firm_city": null,
"firm_name": null,
"office_city": "Beersel",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-11-06",
"filing_date": "2023-10-31",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-10-31",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-31",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-31",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-31",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-31",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-31",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-31",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0479.793.771",
"name_full": "MAD-DAM",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Katrien VAN KRIEKINGE",
"org_rep_person_name": null,
"person_role_at_subject": "notaire"
},
"co_filed_documents": [
"une exp\u00E9dition de l\u0027acte"
],
"corrected_publication_numac": null
}| Legal nameFR | MAD - DAM |