ACTIVE

MADS

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Financial year 2025 · closed on 31/12/2025
Net result
-10,2 k €
-68.6% YoY
Gross margin
146,8 k €
+48.9% YoY
Equity
201,7 k €
-4.8% YoY
Workforce
2,6 ETP
+44.4% YoY

What does MADS do?

MADS is a Private company with limited liability incorporated in 2013. Its main activity is: Organisation of conventions and trade shows. Its registered office is in Ixelles. It employs on average 2,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0533.764.175
Incorporation
29/04/2013
Legal form
Private company with limited liability
Registered office
Rue Paul Spaak 2
1050 Ixelles · BruxellesSee on map
Contributed capital
22 000,00 €
Latest accounts
31/12/2025
Average workforce
2,6 ETP
Activities (NACE)
82300Organisation of conventions and trade shows· main82300Organisation of conventions and trade shows93299Other amusement and recreation activities93299Other amusement and recreation activities
Joint committees (1)
  • 200
Signals
Good liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212019201820172016201520142013
Income statement
Gross margin146,8 k €98,6 k €123,5 k €108,3 k €81,6 k €80,8 k €27,6 k €94,4 k €142,6 k €140,9 k €125,8 k €48,6 k €
EBITDA13,3 k €14,1 k €24,5 k €21,5 k €27,7 k €19,1 k €-22,6 k €29,7 k €23 k €41 k €-2,6 k €18 k €
Operating result1,8 k €8,6 k €22,2 k €17,7 k €23,6 k €13,7 k €-29,9 k €21,4 k €19,5 k €39,5 k €-3,8 k €18 k €
Net result-10,2 k €-6 k €4,9 k €2,4 k €123,8 k €398,4 €-36,3 k €9 k €7,5 k €4,8 k €8,1 k €12,3 k €
Balance sheet
Equity201,7 k €211,9 k €218 k €213,1 k €210,6 k €25,8 k €25,4 k €61,7 k €52,7 k €45,2 k €26,6 k €18,5 k €
Total assets877,9 k €945 k €1 M €956,7 k €965,2 k €930,9 k €1 M €899,3 k €870 k €806,1 k €803,4 k €512,9 k €
Cash10,8 k €2,4 k €4,9 k €1,3 k €1,3 k €8,4 k €5,7 k €5,4 k €1,3 k €4,5 k €1,1 k €23,1 k €
Debts675,5 k €728,5 k €795,5 k €743,6 k €754,6 k €905,1 k €977,8 k €835,6 k €817,1 k €758,8 k €776 k €488,8 k €
Other
Workforce2,6 ETP1,8 ETP1,9 ETP1,0 ETP1,3 ETP––––6,0 ETP5,5 ETP1,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Cédric Allard

Mandate

Active
UP COMMUNICATION

Director · 0829.652.183

Active

Ended mandates

Cédric Allard

Mandate · since 05 mai 2015

Ended
Cédric Allard

Director

Ended
Cédric Allard

Manager

Ended
MAJOR DREAMS

Manager · 0894.188.758

Represented by Lionel Majorovic

Ended
At this address

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0818.176.291
IMMO TAAC● Active
0783.297.863
Thiriar Audrey Consulting● Active
0783.297.665
TRIBE AGENCY● Active
0674.654.103
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/08/202621/07/202505/07/202425/08/202320/07/202219/07/2021
General meeting16/04/202617/04/202518/04/202420/04/202321/04/202215/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/04/202604/08/2026FrenchPDF
Abridged model31/12/202417/04/202521/07/2025FrenchPDF
Abridged model31/12/202318/04/202405/07/2024FrenchPDF
Abridged model31/12/202220/04/202325/08/2023FrenchPDF
Abridged model31/12/202121/04/202220/07/2022FrenchPDF
Abridged model31/12/202015/04/202119/07/2021FrenchPDF
Micro model31/12/201916/04/202022/07/2020FrenchPDF
Micro model31/12/201818/04/201913/08/2019FrenchPDF
Micro model31/12/201719/04/201825/05/2018FrenchPDF
Micro model31/12/201620/04/201730/06/2017FrenchPDF
Abridged model31/12/201521/04/201617/08/2016FrenchPDF
Abridged model31/12/201415/06/201512/08/2015FrenchPDF
Abridged model31/12/201317/04/201425/08/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Cédric Allard

Mandate

Active
UP COMMUNICATION

Director · 0829.652.183

Active

Ended mandates

Cédric Allard

Mandate · since 05 mai 2015

Ended
Cédric Allard

Director

Ended
Cédric Allard

Manager

Ended
MAJOR DREAMS

Manager · 0894.188.758

Represented by Lionel Majorovic

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring07/01/2026
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring10/10/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Registered office21/06/2022
    SIEGE SOCIAL
    PDF
  • Registered office16/11/2017
    SIEGE SOCIAL
    PDF
  • Mandates15/06/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office27/01/2015
    SIEGE SOCIAL
    PDF
  • Other02/05/2013
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-10,2 k €↓
  2. 2024
    Annual accounts 2024-6 k €↓
  3. 2023
    Annual accounts 20234,9 k €↑
  4. 2022
    Annual accounts 20222,4 k €↓
  5. 2021
    Annual accounts 2021123,8 k €↑
  6. 2019
    Annual accounts 2019398,4 €↑
  7. 2018
    Annual accounts 2018-36,3 k €↓
  8. 2017
    Annual accounts 20179 k €↑
  9. 2016
    Annual accounts 20167,5 k €↑
  10. 2015
    Annual accounts 20154,8 k €↓
  11. 2014
    Annual accounts 20148,1 k €↓
  12. 2013
    Annual accounts 201312,3 k €
  13. 29/04/2013
    IncorporationPrivate company with limited liability