MADNESS
Open bankruptcyA bankruptcy procedure is open for MADNESS according to publications in the Belgian State Gazette; curator: JORIS J. DE SMET.
Summary
Inactive; last annual accounts for fiscal year 2024.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 27 January 2026
- Supervising judge
- Pieter Vander Stichele
- Official Gazette
- 02-02-2026 (pdf) ↗search the document for 2026/104222
Deadlines
- Provisional date payments stopped
- 27 January 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 February 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 26 February 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 4 March 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 27 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Joris J. De SmetWinston Churchilllaan 118B, 1180 Brussel 18joris@jorisjdesmet.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 240 days later.
NBB · 2 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 18-12-2024, 44 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
44 d early
2023
322 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 139 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€147,421▼ 775%
2023 · -€16,847
Total assets
€209,830▼ 10.0%
2023 · €233,206
Net result
-€130,574▼ 179%
2023 · -€46,847
Working capital
-€202,014
2023 · €24,000
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result-€43,595--€125,184▼ 187%
Net result-€46,847--€130,574▼ 179%
Equity-€16,847--€147,421▼ 775%
Total assets€233,206-€209,830▼ 10.0%
Debt€250,054-€357,251▲ 42.9%
Working capital€24,000--€202,014
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €125,184 in 2024 against €43,595 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €209,830
Fixed assets
€54,593 ▼ 16.2%
Current assets
€155,237 ▼ 7.6%
Key figures and ratios
EBITDA
-€107,433▼
2023 · -€23,609
Cash flow
-€112,823▼
2023 · -€26,862
Solvency
-70.3%▼
2023 · -7.2%
Current ratio
0.43▼
2023 · 1.17
Quick ratio
0.11▼
2023 · 1.08
Debt to equity
-2.42▲
2023 · -14.84
ROA
-62.2%▼
2023 · -20.1%
Interest coverage
-19.93▼
2023 · -6.99
Debt ≤ 1 year
€357,251▲
2023 · €144,035
Staff costs
€73,730▲
2023 · €14,426
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €14,426 | €73,730 | ▲ 411% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,986 | €17,751 | ▼ 11.2% |
| Gross operating margin9900 | -€9,182 | -€33,703 | ▼ 267% |
| Operating profit (loss)9901 | -€43,595 | -€125,184 | ▼ 187% |
| Financial income75/76B | €126 | €1 | ▼ 99.3% |
| Recurring financial income75 | €126 | €1 | ▼ 99.3% |
| Financial charges65/66B | €3,379 | €5,391 | ▲ 59.5% |
| Recurring financial charges65 | €3,379 | €5,391 | ▲ 59.5% |
| Profit (loss) for the period before taxes9903 | -€46,847 | -€130,574 | ▼ 179% |
| Profit (loss) for the period9904 | -€46,847 | -€130,574 | ▼ 179% |
| Profit (loss) for the period to be appropriated9905 | -€46,847 | -€130,574 | ▼ 179% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €233,206 | €209,830 | ▼ 10.0% |
| Fixed assets21/28 | €65,171 | €54,593 | ▼ 16.2% |
| Tangible fixed assets22/27 | €65,171 | €54,593 | ▼ 16.2% |
| Plant, machinery and equipment23 | - | €5,028 | - |
| Furniture and vehicles24 | €65,171 | €49,566 | ▼ 23.9% |
| Current assets29/58 | €168,035 | €155,237 | ▼ 7.6% |
| Stocks and contracts in progress3 | €11,841 | €117,180 | ▲ 890% |
| Stocks30/36 | €11,841 | €117,180 | ▲ 890% |
| Amounts receivable within one year40/41 | €85,183 | €5,602 | ▼ 93.4% |
| Trade receivables40 | €80,744 | - | - |
| Other amounts receivable41 | €4,440 | €5,602 | ▲ 26.2% |
| Cash at bank and in hand54/58 | €69,353 | €32,455 | ▼ 53.2% |
| Deferred charges and accrued income490/1 | €1,658 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €233,206 | €209,830 | ▼ 10.0% |
| Equity10/15 | -€16,847 | -€147,421 | ▼ 775% |
| Contributions10/11 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€46,847 | -€177,421 | ▼ 279% |
| Amounts payable17/49 | €250,054 | €357,251 | ▲ 42.9% |
| Amounts payable after more than one year17 | €50,000 | - | - |
| Financial debts170/4 | €50,000 | - | - |
| Amounts payable within one year42/48 | €144,035 | €357,251 | ▲ 148% |
| Trade debts44 | €18,273 | €64,362 | ▲ 252% |
| Suppliers440/4 | €18,273 | €64,362 | ▲ 252% |
| Taxes, remuneration and social security45 | €3,405 | €108,805 | ▲ 3,096% |
| Taxes450/3 | €707 | €90,547 | ▲ 12,700% |
| Remuneration and social security454/9 | €2,698 | €18,257 | ▲ 577% |
| Other amounts payable47/48 | €122,357 | €184,084 | ▲ 50.4% |
| Accrued charges and deferred income492/3 | €56,018 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€46,847 | -€130,574 | ▼ 179% |
| + Depreciation and write-downs630 | €19,986 | €17,751 | ▼ 11.2% |
| Operating cash flow (approximation) | -€26,862 | -€112,823 | ▼ 320% |
| Investment in fixed assets (approximation) | - | -€7,173 | - |
| Change in cash | - | -€36,898 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
02-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 27-01-2026
02-01
Bankruptcy
Judicial dissolution and immediate closure
Ondernemingsrechtbank Brussel · event 26-12-2025
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 322 days late
30-10
Bankruptcy
Judicial dissolution and immediate closure
Ondernemingsrechtbank Brussel · event 25-10-2024
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JORIS J. DE SMET WINSTON CHURCHILLLAAN 118B,
1180 BRUSSEL 18 |
27-01-2026 → present |