Active BE 0801.139.925Public limited company

MADAME CAFE

Anspachlaan 80 ·1000 Brussel, Belgium· 3 yrs active

Sector: Detailhandel in souvenirs en religieuze artikelen (47784)

Conclusion Checked

The computed 12-month bankruptcy probability of MADAME CAFE is 4.8% (elevated). The 2024 annual accounts show negative equity (€-62k) and a net result of €-176k. Its solvency ranks better than 14% of 776 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-62k
Net result	€-176k
Staff (FTE)	17.2
Better than sector	14%

Snowflake analysis 5 of 5 axes measured · computed by Checked

63 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 20

Profitability 100

Solvency 42

Growth 58

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

4.8% Elevated

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

20 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 17-02-2026 with the NBB · fiscal year 2024 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-7.9%	16.5%	better than 14% of 776 sector peers
Net result	€-176k	€-2k	better than 14% of 774 sector peers
Equity	€-62k	€136k	better than 14% of 776 sector peers
Gross operating margin	€567k	€45k	better than 87% of 609 sector peers
Staff costs	€656k	€80k	higher than 85% of 133 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€700k

- 23-24

EBITDA

€-133k

+22.8% 23-24

Net profit

€-176k

+3.5% 23-24

Cash flow

€-167k

+6.6% 23-24

Total assets

€788k

+29.5% 23-24

Equity

€-62k

- 23-24

Working capital

€-86k

- 23-24

Employees (FTE)

17

+364.9% 23-24

Staff costs

€656k

+335.4% 23-24

Income taxes

€284

- 23-24

Debt

€850k

+71.7% 23-24

Debt ≤ 1y

€850k

+73.1% 23-24

Current ratio

0.90

-23.4% 23-24

Quick ratio

0.84

-22.8% 23-24

Solvency

-7.9%

- 23-24

Debt / equity

-13.67

- 23-24

ROE

282.6%

- 23-24

ROA

-22.3%

+25.5% 23-24

Net margin

-26.0%

- 23-24

EBITDA margin

-24.7%

- 23-24

Interest coverage

-3.89

+86.3% 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€-133k
Net profit	€-176k
Cash flow	€-167k
Staff costs	€656k
Income taxes	€284
Dividends	-
Total assets	€788k
Equity	€-62k
Debt	€850k
of which ≤ 1y	€850k
of which > 1y	-
Working capital	€-86k
Employees (FTE)	17.2

Ratios (computed)

	2024
Current ratio	0.90
Quick ratio	0.84
Working capital ratio	-10.9%
Solvency	-7.9%
Debt / equity	-13.67
Long-term debt ratio	-
Interest coverage	-3.89
Gross margin	-
Net margin	-
ROA	-22.3%
ROE	282.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €22k · 2.8% Current assets €764k · 97.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€788k
Fixed assets	21/28	€22k
Formation expenses	20	€2k
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€22k
Current assets	29/58	€764k
Stocks & contracts in progress	3	€51k
Amounts receivable within one year	40/41	€619k
Cash & bank	54/58	€94k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€788k
Equity	10/15	€-62k
Contributions / capital	10/11	€296k
Accumulated profits (losses)	14	€-358k
Amounts payable	17/49	€850k
Amounts payable within one year	42/48	€850k
Trade debts payable within one year	44	€652k
Income statement
Gross operating margin	9900	€567k
Operating result	9901	€-142k
Financial income	75	€952
Financial charges	65	€34k
Result before taxes	9903	€-175k
Income taxes	67/77	€284
Net result for the period	9904	€-176k
Result to be appropriated	9905	€-176k

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Ratios computed by Checked.

Directors & mandates 3 directors

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (25050647). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Dirk Lubbers
Director
State Gazette act 25050647 (17-04-2025)

Current
05-02-2025 → present
Krishan Maudgal
Managing director
State Gazette act 25050647 (17-04-2025)

Current
05-02-2025 → present
2 events
- 17-04-2025 Appointed· Managing director
- 05-02-2025 Appointed· Director
Vincent Moreaux
Director
State Gazette act 25050647 (17-04-2025)

Current
05-02-2025 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Detailhandel in souvenirs en religieuze artikelen(47784)
Legal form	Public limited company(014)
Incorporation	25-04-2023
Status	Active
Postal code	1000

Establishment units 1 location

Madame Café

Anspachlaan 80, 1000 BrusselVerhuur van niet-residentiële gebouwen zoals kantoorgebouwen, handelspanden, tentoonstellingsruimtes, enz

since 20232.345.028.547

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21811M1019/00D000indicative	Brussels	1,356 m²	1 · 553 m²	28.2 m · 9 fl.

Methodology

via registered seat: 1

0 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

17-02-2026

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2025

17-04-2025

State Gazette act Director changes

correction

07-02-2025

NBB filing Annual accounts filed

fiscal year 2023 · volledig

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

17-04-2025 4 directors appointed, 1 resigning Director changescorrection

Krishan Maudgal, Bestuurder
Dirk Lubbers, Bestuurder
Vincent Moreaux, Bestuurder
Krishan Maudgal, Gedelegeerd bestuurder
Pascale MATHON, Commissaris

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Detailhandel in souvenirs en religieuze artikelen47784Detailhandel in souvenirs en religieuze artikelen in gespecialiseerde winkels47786Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203

Primary activity highlighted.

Names & trade names

Legal nameFR

MADAME CAFE

Registered office

Anspachlaan 80

1000 Brussel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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