MADS
ActiveFrom the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of MADS is 2.4% (moderate). The 2026 annual accounts show negative equity (-€167,288) and a net result of €71,136. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 305 sector peers (NACE 56, financial year 2026). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 16-06-2017 Normal situation
- Activity
- Full-service restaurants NACE 56111and 4 others
- Establishment unit
- 2.272.942.602 4800 Verviers, since 16-06-2017
- Financial year end
- 31 March
- Peppol
- Reachable since 30-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.4%
- Gross margin
- €81,834
- ▲ 46.8%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €71,136
- Equity
- -€167,288
- ▲ 29.8%
- Total assets
- €77,919
- ▲ 71.6%
- Staff
- ≈ 0.1 FTE
- estimated
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Negative equity -€167,288Liquidity: current ratio 0.65, cash €1,426lowers riskSize: total assets €77,919Show the evidence
Checked score
About 2 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, micro). It does better than 9% of them on solvency, 4% on liquidity, 93% on profitability and 73% 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 106 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 2026 -€167,288 View
- Caution: Lower solvency than 95% of companies in food and beverage servicesector median 34.2% · 305 companies -214.7% View
- Positive: Back in profit in 2026after a loss of €88,033 in 2025 €71,136 View
- Positive: Filed on time since financial year 2022accounts within the deadline every year 5 years View
Comparable companies
These companies have the same main activity as MADS: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €77,400 and €82,700, founded between 2016 and 2018.
| Company | Total assets | Gross margin |
|---|---|---|
| MADS Theux | €77,919 | €81,834 |
| FERME DES BRUYERES Malmedy | €80,379 | €69,576 |
| DA GENOVA Liège | €82,657 | €69,123 |
| LUTJE & ROB Peer | €81,170 | €81,241 |
| 3O Nijlen | €77,353 | €73,769 |
| MiLADY Beveren-Kruibeke-Zwijndrecht | €80,037 | €84,147 |
| BRASSERIE TREFPUNT Westerlo | €80,971 | €76,341 |
Documents
Annual accounts at the NBB
- Annual accounts 2026filed on 29-05-2026
- Annual accounts 2025filed on 29-04-2025
- Annual accounts 2024filed on 11-10-2024
- Annual accounts 2023filed on 30-08-2023
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 04-10-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about MADS
- What is the company number of MADS?
- The company number of MADS is 0676.879.856. The VAT number is the same number with BE in front: BE 0676.879.856.
- Where is MADS based?
- The registered office is at Rue Thier May 60, 4910 Theux.Company details
- What does MADS do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of MADS?
- The legal form of MADS is Private limited company (BV).
- When was MADS founded?
- MADS was founded on 16-06-2017.
- Is MADS still active?
- Yes, MADS is an active enterprise in the KBO register.
- How many employees does MADS have?
- MADS had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MADS?
- The turnover in financial year 2026 is ≈ €260,000. This figure is estimated from the gross margin of €81,834 and 73 comparable companies (NACE 56111). It probably lies between €220,000 and €350,000. In financial year 2024 turnover was €155,100.
- Is MADS profitable?
- In financial year 2026, MADS made a profit of €71,136.
- Where can I find the annual accounts of MADS?
- MADS filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2026.Annual accounts 2026 (PDF)
- When are the next annual accounts of MADS due?
- MADS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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