Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
MS MADAN from Leopoldsburg, company number BE0701878934, closed financial year 2023 with a result of € 1,848 after tax. For that financial year MS MADAN recorded a gross margin of € 26,048 and equity of € 32,842. Compared with financial year 2022, the result moved from € 5,665 to € 1,848. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2024.
€ 32,842
▲ 6% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,848
▼ 67% vs 2022
Profit after tax over the fiscal year.
€ 559
▼ 87% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 32,841.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 27,836
▼ 33% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 18,586
▼ 6% vs 2022
€ 11,824 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 22,979
▼ 58% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 22,623 | € -2,160 | € 26,048 | ▲ € 28,208 |
| Profit after taxes | € 14 | € 5,665 | € 1,848 | ▼ 67% |
| Equity | € 25,329 | € 30,994 | € 32,842 | ▲ 6% |
| Total debts | € 170,420 | € 99,881 | € 47,648 | ▼ 52% |
| Cash | € 22,596 | € 4,368 | € 559 | ▼ 87% |
| Retained profit | € 25,328 | € 30,993 | € 32,841 | ▲ 6% |
| Bank debt | € 26,342 | € 19,727 | € 18,586 | ▼ 6% |
| Balance sheet total | € 195,749 | € 130,875 | € 80,490 | ▼ 38% |
Key figures of MS MADAN, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to MS MADAN?
What happened at MS MADAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MS MADAN is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 1,848 (▼ 67% vs 2022). Source: NBB ↗
- New establishment in Genk. KBO
- Kadir Gümüstekin became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 14 profit in 2021 to € 1,848 profit in 2023.
Paid € 6,747 in corporate taxes since 2021.
Best year ever: 2022, with € 5,665 profit.
A new publication or filing at MS MADAN? 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
Directors
According to the 2023 annual accounts
Kadir Gümüstekin
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Koningin Astridplein 27 box 4
3970 Leopoldsburg
Verbindingslaan 79 box L002
3600 Genk
Active since 29 August 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0701.878.934
- VAT number
- BE 0701.878.934
- Registered office
- Koningin Astridplein 27 bus 4, 3970 Leopoldsburg
- Names & denominations
- MS MADAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 29 August 2018
- Peppol
- Not registered
- Activities · NACE
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