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 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MADAS from Roeselare, company number BE0818464125, closed financial year 2025 with a result of € 31,681 after tax. For that financial year MADAS recorded a gross margin of € 91,467 and equity of € 210,972. Compared with financial year 2024, the result moved from € 20,408 to € 31,681. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2026.
€ 210,972
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,681
▲ 55% vs 2024
Profit after tax over the fiscal year.
€ 5,295
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 19,314 paid out
61 % of the profit went to the shareholders, mostly to Ebbs oder Nix (50 % of the shares). That is where the money ends up.
Debts at end 2025
€ 1.1 million
▲ 12% vs 2024
€ 100,000 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 172,809
▲ € 142,295 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 78,977
▲ 126% vs 2024
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 | € 182,835 | € 84,427 | € 106,138 | € 91,467 | ▼ 14% |
| Profit after taxes | € 114,194 | € 34,919 | € 20,408 | € 31,681 | ▲ 55% |
| Equity | € 218,405 | € 198,505 | € 198,605 | € 210,972 | ▲ 6% |
| Total debts | € 906,870 | € 1,044,619 | € 1,162,841 | € 1,450,475 | ▲ 25% |
| Cash | € 44,002 | € 14,674 | € 39,516 | € 5,295 | ▼ 87% |
| Retained profit | € 198,405 | € 178,505 | € 178,605 | € 190,972 | ▲ 7% |
| Dividend | € 10,822 | € 54,819 | € 20,308 | € 19,314 | ▼ 5% |
| Bank debt | € 721,445 | € 915,080 | € 1,020,796 | € 1,140,916 | ▲ 12% |
| Balance sheet total | € 1,125,275 | € 1,243,124 | € 1,361,446 | € 1,661,447 | ▲ 22% |
Key figures of MADAS, fiscal years 2022 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 MADAS?
What happened at MADAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,681 (▲ 55% vs 2024). filed late Source: NBB ↗
- Ebbs oder Nix became a director. NBB
- New establishment in Roeselare. KBO
- Start of the company according to the CBE. KBO
In short
From € 114,194 profit in 2022 to € 31,681 profit in 2025.
Paid € 80,120 in corporate taxes since 2022.
Best year ever: 2022, with € 114,194 profit.
Paid out € 105,263 in dividends to the owners in total.
Management
The stake of Ebbs oder Nix comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MADASBehind MADAS is Ebbs oder Nix. The shares are held by Ebbs oder Nix (50%). It owns 50% of TRIBUTO BOEMIO and 50% of DESTAQUE BOEMIO itself.
Directors
According to the 2025 annual accounts
Director · represented by BERT JEURIS
since 2023
Shareholders
50%
Participations
50%
50%
Establishments
Establishment units
Physical locations of this company
Kaaistraat 62 A
8800 Roeselare
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0818.464.125
- VAT number
- BE 0818.464.125
- Registered office
- Kaaistraat 62 A, 8800 Roeselare
- Names & denominations
- MADAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 2009
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Groothandel in dranken, algemeen assortiment