Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 1.1 to 0.5.
-
Busy address KBO
57 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MAD - DAM from Brussel, company number BE0479793771, closed financial year 2025 with a result of € 5,396 after tax. For that financial year MAD - DAM recorded a gross margin of € 55,219 and equity of € 76,097. Compared with financial year 2024, the result moved from € -32,998 to € 5,396. 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 October 13, 2026.
€ 76,097
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,396
▲ still € 32,998 loss in 2024
Profit after tax over the fiscal year.
€ 79,707
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 11,956
▼ 77% 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.
€ 1,483
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 113,207
▲ 6% vs 2024
€ 51,877 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 40,970
▲ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,337
▼ 61% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 153,039 | € 109,616 | € 74,882 | € 55,219 | ▼ 26% |
| Profit after taxes | € 9,174 | € -27,562 | € -32,998 | € 5,396 | ▲ € 38,394 |
| Equity | € 231,261 | € 153,699 | € 120,700 | € 76,097 | ▼ 37% |
| Total debts | € 272,325 | € 240,739 | € 181,942 | € 200,238 | ▲ 10% |
| Cash | € 160,119 | € 53,167 | € 92,549 | € 79,707 | ▼ 14% |
| Land & buildings | € 191,060 | € 169,993 | € 131,524 | € 113,056 | ▼ 14% |
| Retained profit | € 212,661 | € 135,099 | € 102,100 | € 57,497 | ▼ 44% |
| Dividend | € 93,701 | € 50,000 | € 0 | € 50,000 | |
| Bank debt | € 217,859 | € 167,509 | € 106,343 | € 113,207 | ▲ 6% |
| Balance sheet total | € 516,086 | € 394,437 | € 302,643 | € 276,334 | ▼ 9% |
| Employees (FTE) | 1.2 | 1.1 | 1 | 0.5 | ▼ 0.5 |
Key figures of MAD - DAM, 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 MAD - DAM?
What happened at MAD - DAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,396. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,174 profit in 2022 to € 5,396 profit in 2025.
Paid € 7,763 in corporate taxes since 2022.
Best year ever: 2022, with € 9,174 profit.
On average € 74,900 of value added per employee in 2024.
Management
Behind MAD - DAM is Philippe Desmecht.
Directors
According to the 2025 annual accounts
Philippe Desmecht
Director
Establishments
Establishment units
Physical locations of this company
Atomiumsquare 1 box 156
1020 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 57 companies are registered at this address.
All companies at this address →UNIMEUBLE - UNIMEUBEL
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€ 304,730 gross margin · 2025
Sofarel
€ 30,937 gross margin · 2025
Brussels International Trade Mart Ltd. and Co.
€ 12 million revenue · 2025
CALYPSO
€ 6,556 gross margin · 2025
+52 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.793.771
- VAT number
- BE 0479.793.771
- Registered office
- Atomiumsquare 1 bus 156, 1020 Brussel
- Names & denominations
- MAD - DAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 March 2003
- Peppol
- Active · Active since 15 Jul 2025
- Activities · NACE
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