Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MADRUGA from Sint-Jans-Molenbeek, company number BE0434810418, closed financial year 2025 with a result of € 154,544 after tax. For that financial year MADRUGA recorded a gross margin of € 223,212 and equity of € 79,592. Compared with financial year 2024, the result moved from € 1.3 million to € 154,544. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 23, 2026.
€ 79,592
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 154,544
▼ 88% vs 2024
Profit after tax over the fiscal year.
€ 269,505
▲ € 255,847 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 180,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,647
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 87,676
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 97,943 | € 98,415 | € 1,732,051 | € 223,212 | ▼ 87% |
| Profit after taxes | € 43,795 | € 42,170 | € 1,269,520 | € 154,544 | ▼ 88% |
| Equity | € 383,359 | € 425,528 | € 105,049 | € 79,592 | ▼ 24% |
| Total debts | € 36,577 | € 35,429 | € 1,000,095 | € 793,932 | ▼ 21% |
| Cash | € 64,193 | € 79,096 | € 13,658 | € 269,505 | ▲ € 255,847 |
| Land & buildings | € 336,877 | € 312,342 | € 116,384 | € 42,011 | ▼ 64% |
| Retained profit | € 306,512 | € 348,682 | € 28,202 | € 2,745 | ▼ 90% |
| Dividend | € 0 | € 0 | € 1,590,000 | € 180,000 | ▼ 89% |
| Balance sheet total | € 425,644 | € 465,896 | € 1,109,311 | € 873,524 | ▼ 21% |
Key figures of MADRUGA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MADRUGA?
What happened at MADRUGA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 154,544 (▼ 88% vs 2024). filed late Source: NBB ↗
- Annie Gryspeerdt stepped down as director. NBB
- Sabine Defoort became a director. NBB
- Annie Gryspeerdt became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 43,795 profit in 2022 to € 154,544 profit in 2025.
Paid € 517,276 in corporate taxes since 2022.
Best year ever: 2024, with € 1.3 million profit.
Paid out € 1.8 million in dividends to the owners in total.
A new publication or filing at MADRUGA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MADRUGA is Sabine Defoort. Sabine Defoort is also behind BOEKHANDEL JUSTUS LIPSIUS - LIBRAIRIE JUSTUS LIPSIUS - BOOKSTORE JUSTUS LIPSIUS and Waerenborg.
Directors
According to the 2025 annual accounts
Sabine Defoort
Director
Also active at: BOEKHANDEL JUSTUS LIPSIUS - LIBRAIRIE JUSTUS LIPSIUS - BOOKSTORE JUSTUS LIPSIUS, Waerenborg
since 2023
since 1992 · until 2023
Establishments
Establishment units
Physical locations of this company
Belgicalaan 35
1080 Sint-Jans-Molenbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.810.418
- VAT number
- BE 0434.810.418
- Registered office
- Belgicalaan 35, 1080 Sint-Jans-Molenbeek
- Names & denominations
- MADRUGA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 July 1988
- Peppol
- Not registered