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 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
B-MAD from Messancy, company number BE0794506313, closed financial year 2025 with a result of € 61,116 after tax. For that financial year B-MAD recorded a gross margin of € 51,333 and equity of € 169,956. Compared with financial year 2024, the result moved from € 47,802 to € 61,116. Profitable, and profit is growing. 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 27, 2026.
€ 169,956
▲ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 61,116
▲ 28% vs 2024
Profit after tax over the fiscal year.
€ 5,533
▲ 120% 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 € 164,956.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 622
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 19
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,218
▼ 58% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 58,669 | € 44,643 | € 51,333 | ▲ 15% |
| Profit after taxes | € 56,037 | € 47,802 | € 61,116 | ▲ 28% |
| Equity | € 61,037 | € 108,839 | € 169,956 | ▲ 56% |
| Total debts | € 69,251 | € 124,535 | € 104,849 | ▼ 16% |
| Cash | € 34,047 | € 2,513 | € 5,533 | ▲ 120% |
| Retained profit | € 56,037 | € 103,839 | € 164,956 | ▲ 59% |
| Balance sheet total | € 130,288 | € 233,374 | € 274,805 | ▲ 18% |
Key figures of B-MAD, fiscal years 2023 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 B-MAD?
What happened at B-MAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 61,116 (▲ 28% vs 2024). Source: NBB ↗
- New establishment in Messancy. KBO
- Start of the company according to the CBE. KBO
- Elvire Denamur became a director. NBB
In short
From € 56,037 profit in 2023 to € 61,116 profit in 2025.
Paid € 44,575 in corporate taxes since 2023.
Best year ever: 2025, with € 61,116 profit.
Management
Behind B-MAD is Elvire Denamur. It owns 34.9% of Limpimmo, 15% of THG Pescatore S.à r.l. and 13% of ComColors Benelux itself.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Rue Grande 53
6780 Messancy
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0794.506.313
- VAT number
- BE 0794.506.313
- Registered office
- Rue Grande 53, 6780 Messancy
- Names & denominations
- B-MAD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 2022
- Peppol
- Active · Active since 25 Dec 2025
- Activities · NACE
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