MAD agencies
A bankruptcy procedure is open for MAD agencies according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2019 annual accounts show equity of €46k and a net result of €33k.
| Equity | €46k |
| Net result | €33k |
| Active | 7 yrs |
| Locations | 3 |
Mixed profile: strong on profitability, weaker on stability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Fiscal year | 2019 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €48k |
| Net profit | €33k |
| Cash flow | €34k |
| Staff costs | - |
| Income taxes | €11k |
| Dividends | - |
| Total assets | €79k |
| Equity | €46k |
| Debt | €33k |
| of which ≤ 1y | €33k |
| of which > 1y | - |
| Working capital | €44k |
| Employees (FTE) | - |
| 2019 | |
|---|---|
| Current ratio | 2.33 |
| Quick ratio | 1.14 |
| Working capital ratio | 55.7% |
| Solvency | 58.1% |
| Debt / equity | - |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 42.3% |
| ROE | 72.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2019 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €79k |
| Fixed assets | 21/28 | €2k |
| Tangible fixed assets | 22/27 | €2k |
| Current assets | 29/58 | €77k |
| Stocks & contracts in progress | 3 | €39k |
| Amounts receivable within one year | 40/41 | €37k |
| Cash & bank | 54/58 | €170 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €79k |
| Equity | 10/15 | €46k |
| Contributions / capital | 10/11 | €12k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €31k |
| Amounts payable | 17/49 | €33k |
| Amounts payable within one year | 42/48 | €33k |
| Trade debts payable within one year | 44 | €8k |
| Income statement | ||
| Gross operating margin | 9900 | €49k |
| Operating result | 9901 | €47k |
| Financial income | 75 | €95 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €44k |
| Income taxes | 67/77 | €11k |
| Net result for the period | 9904 | €33k |
| Result to be appropriated | 9905 | €33k |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | GREGORY BRUNEEL ZELLIKSESTEENWEG 12,
1082 SINT-AGATHA-BERCHEM |
03-10-2023 → present | Belgian State Gazette |
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 12-11-2018 |
| Status | Active |
| Postal code | - |
| First insolvency signal | 12-10-2023 |
| Latest insolvency signal | 12-10-2023 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1834/00E000 | Flanders | 3,226 m² | 1 · 493 m² | - |
| 21811M0779/00C000 | Brussels | 713 m² | 1 · 544 m² | 33.8 m · 10 fl. |
| 11811L3672/00P003 | Flanders | 479 m² | 1 · 425 m² | 16.1 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 03-10-2023 to 25-07-2025.
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
| Legal nameNL | MAD agencies |
- 25-07-2025 Address struck