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 3 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
68 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MAAD & CO from Jette, company number BE0804200472, closed financial year 2025 with a result of € -56,689 after tax. For that financial year MAAD & CO recorded a gross margin of € -56,531 and equity of € -133,403. Compared with financial year 2024, the result moved from € -70,227 to € -56,689. 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 July 29, 2026.
€ -133,403
▼ € 56,689 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -56,689
▲ 19 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,488
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -158,403.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 401
▼ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34
▼ 99% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -31,476 | € -70,090 | € -56,531 | ▲ € 13,559 |
| Profit after taxes | € -31,487 | € -70,227 | € -56,689 | ▲ € 13,537 |
| Equity | € -6,487 | € -76,713 | € -133,403 | ▼ € 56,689 |
| Total debts | € 10,630 | € 87,192 | € 142,301 | ▲ 63% |
| Cash | € 1,759 | € 6,036 | € 1,488 | ▼ 75% |
| Retained profit | € -31,487 | € -101,713 | € -158,403 | ▼ € 56,689 |
| Balance sheet total | € 4,143 | € 10,479 | € 8,898 | ▼ 15% |
Key figures of MAAD & CO, 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 MAAD & CO?
What happened at MAAD & CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 56,689. Source: NBB ↗
- New establishment in Jette. KBO
- New establishment in Sint-Pieters-Woluwe. KBO
- Start of the company according to the CBE. KBO
In short
From € 31,487 loss in 2023 to € 56,689 loss in 2025.
A new publication or filing at MAAD & CO? 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
Behind MAAD & CO are Damaris HURSTEL and Olivier BRUN.
Directors
According to the 2025 annual accounts
Damaris HURSTEL
Director
Olivier BRUN
Director
Establishments
Establishment units
Physical locations of this company
Burgemeester Etienne Demunterl. 5 box 10
1090 Jette
Mostincklaan 79
1150 Sint-Pieters-Woluwe
Active since 24 July 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 68 companies are registered at this address.
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€ 196.3 million revenue · 2025
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€ 12.4 million gross margin · 2025
BAMEL
€ 166,815 gross margin · 2025
+63 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
- 0804.200.472
- VAT number
- BE 0804.200.472
- Registered office
- Burgemeester Etienne Demunterl. 5 bus 10, 1090 Jette
- Names & denominations
- MAAD & CO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 July 2023
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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