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 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MADAME from Seraing, company number BE0439276277, closed financial year 2025 with a result of € 808 after tax. For that financial year MADAME recorded a gross margin of € 122,838 and equity of € 547,796. Compared with financial year 2024, the result moved from € 42,712 to € 808. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ 547,796
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 808
▼ 98% vs 2024
Profit after tax over the fiscal year.
€ 9,184
▲ 177% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 165,876.
People and assets in 2025
€ 88,322
▲ 1% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 73
▼ 66% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
Loans from banks and other lenders, long and short.
€ 22,417
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35,366
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 123,616 | € 124,511 | € 140,540 | € 122,838 | ▼ 13% |
| Profit after taxes | € 45,745 | € 43,207 | € 42,712 | € 808 | ▼ 98% |
| Equity | € 461,068 | € 504,275 | € 546,987 | € 547,796 | |
| Total debts | € 1,297,545 | € 1,350,362 | € 1,374,101 | € 1,418,583 | ▲ 3% |
| Cash | € 11,051 | € 8,780 | € 3,320 | € 9,184 | ▲ 177% |
| Retained profit | € 79,148 | € 122,355 | € 165,067 | € 165,876 | |
| Bank debt | € 1,084,320 | € 1,084,320 | € 1,084,320 | € 1,084,320 | |
| Balance sheet total | € 1,758,613 | € 1,854,637 | € 1,921,089 | € 1,966,379 | ▲ 2% |
Key figures of MADAME, 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 MADAME?
What happened at MADAME in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bernadette FRESON stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 808 (▼ 98% vs 2024). Source: NBB ↗
- Bernadette FRESON became a director. NBB
- New establishment in Seraing. KBO
- Start of the company according to the CBE. KBO
In short
From € 45,745 profit in 2022 to € 808 profit in 2025.
Paid € 13,642 in corporate taxes since 2022.
Best year ever: 2022, with € 45,745 profit.
Management
Directors
According to the 2025 annual accounts
Bernadette FRESON
Managing director
since 2020 · until 2027
Establishments
Establishment units
Physical locations of this company
Rue Grand-Vinâve 76
4101 Seraing
Rue Grand-Vinâve 74 box 76
4101 Seraing
Active since 18 May 1990
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.276.277
- VAT number
- BE 0439.276.277
- Registered office
- Rue Grand-Vinâve 76, 4101 Seraing
- Names & denominations
- MADAME
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1989
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
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