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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Georges & Madeleine from Aalst, company number BE0772440593, closed financial year 2025 with a result of € -3,865 after tax. For that financial year Georges & Madeleine recorded a gross margin of € 51,597 and equity of € -126,064. Compared with financial year 2024, the result moved from € -13,977 to € -3,865. The company made a loss. 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 26, 2026.
€ -126,064
▼ € 3,865 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,865
▲ 72 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,903
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -136,064.
People and assets in 2025
€ 6,930
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 432,737
▼ 9% vs 2024
€ 45,937 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 15,150
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 165
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -46,110 | € 27,293 | € 41,242 | € 51,597 | ▲ 25% |
| Profit after taxes | € -89,902 | € -28,320 | € -13,977 | € -3,865 | ▲ € 10,111 |
| Equity | € -79,902 | € -108,222 | € -122,199 | € -126,064 | ▼ € 3,865 |
| Total debts | € 787,263 | € 847,312 | € 815,214 | € 775,466 | ▼ 5% |
| Cash | € 27,418 | € 1,655 | € 2,331 | € 2,903 | ▲ 25% |
| Land & buildings | € 147,356 | € 139,164 | € 131,381 | € 123,597 | ▼ 6% |
| Retained profit | € -89,902 | € -118,222 | € -132,199 | € -136,064 | ▼ € 3,865 |
| Bank debt | € 562,859 | € 523,081 | € 478,161 | € 432,737 | ▼ 9% |
| Balance sheet total | € 707,361 | € 739,089 | € 693,015 | € 649,402 | ▼ 6% |
Key figures of Georges & Madeleine, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Georges & Madeleine?
What happened at Georges & Madeleine in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,865. filed late Source: NBB ↗
- New establishment in Aalst. KBO
- Philippe Kiekens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 89,902 loss in 2022 to € 3,865 loss in 2025.
Management
Behind Georges & Madeleine is Philippe Kiekens. Philippe Kiekens is also behind MAAAT, AquaFlanders, IMMO PHICAR and Siesegem Noord.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Molenstraat 54
9300 Aalst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0772.440.593
- VAT number
- BE 0772.440.593
- Registered office
- Molenstraat 54, 9300 Aalst
- Names & denominations
- Georges & Madeleine
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 August 2021
- Peppol
- Active · Active since 29 Jan 2026
- Activities · NACE
Gastenkamers