What does M.A.D. VISE do?

M.A.D. VISE is a logistics company in Visé. Public Limited, started on 20 December 1988, 1 establishment.

What is the address of M.A.D. VISE?

The registered office of M.A.D. VISE is located at Rue de Dalhem(VIS) 15, 4600 Visé.

Is M.A.D. VISE still active?

Yes. According to the CBE (30 October 2026) M.A.D. VISE is active, legal situation “Normale toestand”, started on 20 December 1988.

Is M.A.D. VISE registered on Peppol?

Yes, M.A.D. VISE is registered on the Peppol network with ID 0208:0436960650.

What is the enterprise number of M.A.D. VISE?

The enterprise number of M.A.D. VISE is BE0436960650.

When was M.A.D. VISE founded?

M.A.D. VISE was founded on 20 December 1988.

Who are the directors of M.A.D. VISE?

According to the 2025 annual accounts, the directors of M.A.D. VISE are: BARBARA MOONEN, VINCENT MATHY.

Is M.A.D. VISE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 20 December 1988; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did M.A.D. VISE make in 2025?

M.A.D. VISE posted a profit after taxes of € 64,754 in financial year 2025.

What is the revenue of M.A.D. VISE?

As a small company, M.A.D. VISE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,115,320.

How much does an employee at M.A.D. VISE earn?

The average wage cost per full-time employee at M.A.D. VISE was € 41,000 in 2025: staff costs of € 852,090 for 20.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does M.A.D. VISE have?

According to the 2025 annual accounts, M.A.D. VISE has 20.8 full-time equivalents (FTE).

M.A.D. VISE (Public Limited) - Visé - BE0436960650

Dossier M.A.D. VISE, printed on 30 October 2026 from databakkes.be/en/0436960650/m-a-d-vise. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

M.A.D. VISE from Visé, company number BE0436960650, closed financial year 2025 with a result of € 64,754 after tax. For that financial year M.A.D. VISE recorded a gross margin of € 1.1 million and equity of € 564,717. Compared with financial year 2024, the result moved from € 14,905 to € 64,754. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.

What it is worth Healthy

€ 564,717

▼ 11% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 64,754

▲ € 49,849 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 838,710

▲ 12% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 136,901 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

20.8

▲ 0.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 852,090

▲ 14% vs 2024

€ 41,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 32,664

▼ 48% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.5 million

▼ 9% vs 2024

€ 248,549 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 1.3 million

▲ 6% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 135,548

▼ 14% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 951,838 Gross margin 2022: € 951,838 First fiscal year in the series	€ 1,293,128 Gross margin 2023: € 1,293,128 ▲ 36% vs 2022 (€ 951,838) Favourable step	€ 924,372 Gross margin 2024: € 924,372 ▼ 29% vs 2023 (€ 1,293,128) Unfavourable step	€ 1,115,320 Gross margin 2025: € 1,115,320 ▲ 21% vs 2024 (€ 924,372) Favourable step	▲ 21%
Profit after taxes	€ 128,573 Profit after taxes 2022: € 128,573 First fiscal year in the series	€ 420,581 Profit after taxes 2023: € 420,581 ▲ 227% vs 2022 (€ 128,573) Favourable step	€ 14,905 Profit after taxes 2024: € 14,905 ▼ 96% vs 2023 (€ 420,581) Unfavourable step	€ 64,754 Profit after taxes 2025: € 64,754 ▲ € 49,849 vs 2024 (€ 14,905) Favourable step	▲ € 49,849
Equity	€ 669,684 Equity 2022: € 669,684 First fiscal year in the series	€ 621,958 Equity 2023: € 621,958 ▼ 7% vs 2022 (€ 669,684) Unfavourable step	€ 636,864 Equity 2024: € 636,864 ▲ 2% vs 2023 (€ 621,958) Favourable step	€ 564,717 Equity 2025: € 564,717 ▼ 11% vs 2024 (€ 636,864) Unfavourable step	▼ 11%
Total debts	€ 1,494,109 Total debts 2022: € 1,494,109 First fiscal year in the series	€ 2,685,796 Total debts 2023: € 2,685,796 ▲ 80% vs 2022 (€ 1,494,109) Unfavourable step	€ 3,146,276 Total debts 2024: € 3,146,276 ▲ 17% vs 2023 (€ 2,685,796) Unfavourable step	€ 3,162,381 Total debts 2025: € 3,162,381 ▲ 1% vs 2024 (€ 3,146,276) Unfavourable step	▲ 1%
Cash	€ 785,644 Cash 2022: € 785,644 First fiscal year in the series	€ 1,537,950 Cash 2023: € 1,537,950 ▲ 96% vs 2022 (€ 785,644) Favourable step	€ 747,271 Cash 2024: € 747,271 ▼ 51% vs 2023 (€ 1,537,950) Unfavourable step	€ 838,710 Cash 2025: € 838,710 ▲ 12% vs 2024 (€ 747,271) Favourable step	▲ 12%
Land & buildings	€ 270,772 Land & buildings 2022: € 270,772 First fiscal year in the series	€ 828,619 Land & buildings 2023: € 828,619 ▲ 206% vs 2022 (€ 270,772) Unchanged	€ 1,824,078 Land & buildings 2024: € 1,824,078 ▲ 120% vs 2023 (€ 828,619) Unchanged	€ 1,659,222 Land & buildings 2025: € 1,659,222 ▼ 9% vs 2024 (€ 1,824,078) Unchanged	▼ 9%
Retained profit	€ 594,684 Retained profit 2022: € 594,684 First fiscal year in the series	€ 560,458 Retained profit 2023: € 560,458 ▼ 6% vs 2022 (€ 594,684) Unfavourable step	€ 575,364 Retained profit 2024: € 575,364 ▲ 3% vs 2023 (€ 560,458) Favourable step	€ 503,217 Retained profit 2025: € 503,217 ▼ 13% vs 2024 (€ 575,364) Unfavourable step	▼ 13%
Dividend	€ 85,750 Dividend 2022: € 85,750 First fiscal year in the series	€ 100,000 Dividend 2023: € 100,000 ▲ 17% vs 2022 (€ 85,750) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 100,000) Unchanged	€ 136,901 Dividend 2025: € 136,901 Unchanged (€ 0) Unchanged
Bank debt	€ 192,164 Bank debt 2022: € 192,164 First fiscal year in the series	€ 1,450,626 Bank debt 2023: € 1,450,626 ▲ € 1.3 million vs 2022 (€ 192,164) Unfavourable step	€ 1,648,876 Bank debt 2024: € 1,648,876 ▲ 14% vs 2023 (€ 1,450,626) Unfavourable step	€ 1,507,205 Bank debt 2025: € 1,507,205 ▼ 9% vs 2024 (€ 1,648,876) Favourable step	▼ 9%
Balance sheet total	€ 2,163,793 Balance sheet total 2022: € 2,163,793 First fiscal year in the series	€ 3,307,754 Balance sheet total 2023: € 3,307,754 ▲ 53% vs 2022 (€ 2,163,793) Unchanged	€ 3,783,139 Balance sheet total 2024: € 3,783,139 ▲ 14% vs 2023 (€ 3,307,754) Unchanged	€ 3,727,098 Balance sheet total 2025: € 3,727,098 ▼ 1% vs 2024 (€ 3,783,139) Unchanged	▼ 1%
Employees (FTE)	19.3 Employees (FTE) 2022: 19.3 First fiscal year in the series	19 Employees (FTE) 2023: 19 ▼ 0.3 vs 2022 (19.3) Unchanged	20.5 Employees (FTE) 2024: 20.5 ▲ 1.5 vs 2023 (19) Unchanged	20.8 Employees (FTE) 2025: 20.8 ▲ 0.3 vs 2024 (20.5) Unchanged	▲ 0.3

Key figures of M.A.D. VISE, 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 M.A.D. VISE?

What happened at M.A.D. VISE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 BARBARA MOONEN stepped down as director. NBB
2027 VINCENT MATHY stepped down as director. NBB
May 27, 2026 New annual accounts for financial year 2025: profit of € 64,754 (▲ € 49,849 vs 2024). Source: NBB ↗
2022 BARBARA MOONEN became a director. NBB
2022 VINCENT MATHY became a director. NBB
Mar 24, 1989 New establishment in Visé. KBO
Dec 20, 1988 Start of the company according to the CBE. KBO

In short

From € 128,573 profit in 2022 to € 64,754 profit in 2025.

Paid € 223,021 in corporate taxes since 2022.

Best year ever: 2023, with € 420,581 profit.

On average € 53,600 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

M.A.D. VISE

MALLET 23%

It owns 23% of MALLET itself.

Directors

According to the 2025 annual accounts

BARBARA MOONEN

Director

since 2022 · until 2027

VINCENT MATHY

Managing director

Also active at: BARVIMMO

since 2022 · until 2027

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Dalhem(VIS) 15

4600 Visé

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

BARVI

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0436.960.650

VAT number

BE 0436.960.650

Registered office

Rue de Dalhem(VIS) 15, 4600 Visé

Names & denominations

M.A.D. VISE

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

20 December 1988

Peppol

Active · Active since 18 Jul 2025

Contact

[email protected] +3243798541

Activities · NACE

Supermarkten (verkoopsoppervlakte tussen 400 m2 en minder dan 2.500 m2)

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen

Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)

View on CBE Public ↗ Annual accounts (NBB) ↗

M.A.D. VISE

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Financials

What happened to M.A.D. VISE?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions