MAD GROUP
The computed 12-month bankruptcy probability of MAD GROUP is 0.6% (low). The 2023 annual accounts show equity of €48k and a net result of €24k. Its solvency ranks better than 22% of 10068 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €48k |
| Net result | €24k |
| Better than sector | 22% |
| Active | 4 yrs |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.9% | 58.6% | |
| Net result | €24k | €28k | |
| Equity | €48k | €52k | |
| Gross operating margin | €45k | €46k | |
| Staff costs | €3k | €8k |
| Fiscal year | 2023 |
|---|---|
| Revenue | €173k |
| EBITDA | €42k |
| Net profit | €24k |
| Cash flow | €32k |
| Staff costs | €3k |
| Income taxes | €7k |
| Dividends | - |
| Total assets | €187k |
| Equity | €48k |
| Debt | €138k |
| of which ≤ 1y | €125k |
| of which > 1y | €13k |
| Working capital | €30k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 1.24 |
| Quick ratio | 1.24 |
| Working capital ratio | 15.9% |
| Solvency | 25.9% |
| Debt / equity | 2.86 |
| Long-term debt ratio | 0.27 |
| Interest coverage | 13.53 |
| Gross margin | 24.5% |
| Net margin | 14.2% |
| ROA | 13.1% |
| ROE | 50.6% |
| EBITDA margin | 24.3% |
| Days sales outstanding | 174d |
| Days payable outstanding | 180d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €187k |
| Fixed assets | 21/28 | €32k |
| Intangible fixed assets | 21 | €26k |
| Financial fixed assets | 28 | €5k |
| Current assets | 29/58 | €155k |
| Amounts receivable within one year | 40/41 | €145k |
| Cash & bank | 54/58 | €731 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €187k |
| Equity | 10/15 | €48k |
| Contributions / capital | 10/11 | €500 |
| Accumulated profits (losses) | 14 | €48k |
| Amounts payable | 17/49 | €138k |
| Amounts payable after one year | 17 | €13k |
| Amounts payable within one year | 42/48 | €125k |
| Trade debts payable within one year | 44 | €64k |
| Income statement | ||
| Turnover | 70 | €173k |
| Gross operating margin | 9900 | €45k |
| Operating result | 9901 | €35k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €32k |
| Income taxes | 67/77 | €7k |
| Net result for the period | 9904 | €24k |
| Result to be appropriated | 9905 | €24k |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 20-09-2021 |
| Status | Active |
| Postal code | 2650 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0366/00D003 | Flanders | 527 m² | 1 · 177 m² | 12.2 m · 3 fl. |
| 11513C0157/00X002 | Flanders | 412 m² | 1 · 203 m² | 10.2 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
20-08-2024 Registered office moved from Mortsel to Edegem
- Mechelsesteenweg 140 bus 5, 2640 Mortsel → Kontichstraat 75, 2650 Edegem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Kontichstraat 75, 2650 Edegem",
"city": "Edegem",
"region": "vlaams_gewest",
"street": "Kontichstraat",
"country": "BE",
"postcode": "2650",
"box_number": null,
"street_number": "75",
"locality_suffix": null
},
"old_address": {
"raw": "Mechelsesteenweg 140 bus 5, 2640 Mortsel",
"city": "Mortsel",
"region": "vlaams_gewest",
"street": "Mechelsesteenweg",
"country": "BE",
"postcode": "2640",
"box_number": "5",
"street_number": "140",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-08-20",
"filing_date": "2024-08-06",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2024-06-10",
"unanimous": null
},
"subject_company": {
"kbo": "0774.312.396",
"name_full": "MAD GROUP",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Marsel Arapi",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Annexes du Moniteur belge"
]
}12-06-2023 Lushaj Denisa resigns as director
- Lushaj Denisa, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": "92.10.28-566.14",
"name": "Lushaj Denisa",
"address": "Mechelsesteenweg 140/5, 2640 Mortsel",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "voluntary",
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2023-03-30",
"evidence_quote": "Mevrouw Lushaj Denisa, wonende te Mechelsesteenweg 140/5, 2640 Mortsel met RR 92.10.28-566.14 neemt haar ontslag als bestuurder per 30/03/2023. Er wordt volledige decharge gegeven over haar mandaat.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "board_snapshot",
"role": null,
"person": null,
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De voorzitter sluit de algemene vergadering om 11u45.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-06-12",
"filing_date": "2023-05-31",
"act_kind_objet": "ONTSLAG BESTUURDER"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2023-03-30",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0774.312.396",
"name_full": "MAD GROUP",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Arapi Marsel",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | MAD GROUP |