Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2026
MADS from Theux, company number BE0676879856, closed financial year 2026 with a result of € 71,136 after tax. For that financial year MADS recorded a gross margin of € 81,834 and equity of € -167,288. Compared with financial year 2025, the result moved from € -88,033 to € 71,136. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.
€ -167,288
▲ € 71,136 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 71,136
▲ still € 88,033 loss in 2025
Profit after tax over the fiscal year.
€ 1,426
▲ 175% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -215,888.
People and assets in 2026
€ 1,720
▼ 91% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2026
€ 162,776
▼ 18% vs 2025
€ 38,858 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 6,109
▼ 48% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 42,921 | € 155,100 | - | - | |
| Gross margin | € -36,250 | € 11,915 | € 55,743 | € 81,834 | ▲ 47% |
| Profit after taxes | € -97,580 | € -68,545 | € -88,033 | € 71,136 | ▲ € 159,169 |
| Equity | € -81,845 | € -150,390 | € -238,424 | € -167,288 | ▲ € 71,136 |
| Total debts | € 302,452 | € 358,745 | € 283,837 | € 245,206 | ▼ 14% |
| Cash | € 45,686 | € 3,640 | € 519 | € 1,426 | ▲ 175% |
| Retained profit | € -130,445 | € -198,990 | € -287,024 | € -215,888 | ▲ € 71,136 |
| Bank debt | € 276,461 | € 261,410 | € 199,164 | € 162,776 | ▼ 18% |
| Balance sheet total | € 220,607 | € 208,355 | € 45,414 | € 77,919 | ▲ 72% |
Key figures of MADS, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to MADS?
What happened at MADS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 71,136. Source: NBB ↗
- New establishment in Verviers. KBO
- Start of the company according to the CBE. KBO
In short
From € 97,580 loss in 2023 to € 71,136 profit in 2026.
Paid € 2,080 in corporate taxes since 2023.
Best year ever: 2026, with € 71,136 profit.
A new publication or filing at MADS? 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
Establishments
Establishment units
Physical locations of this company
Rue Thier May 60
4910 Theux
Avenue Peltzer 41
4800 Verviers
Active since 16 June 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0676.879.856
- VAT number
- BE 0676.879.856
- Registered office
- Rue Thier May 60, 4910 Theux
- Names & denominations
- MADS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 June 2017
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige zakelijke dienstverlening, neg
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Adviesbureaus op het gebied van public relations en communicatie
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