OPENING OF BANKRUPTCY

MS MADAN

Financial year 2023 · closed on 31/12/2023
Net result
1,8 k €
-67.4% YoY
Gross margin
26 k €
+1305.7% YoY
Equity
32,8 k €
+6.0% YoY

Company — Opening of bankruptcy.

What does MS MADAN do?

MS MADAN is a Private company with limited liability incorporated in 2018. Its main activity is: Floor and wall covering. Its registered office is in Leopoldsburg.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0701.878.934
Incorporation
29/08/2018
Legal form
Private company with limited liability
Registered office
Koningin Astridplein 27 box 4
3970 Leopoldsburg · FlandreSee on map
Contributed capital
1,00 €
Latest accounts
31/12/2023
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20232022202120202019
Income statement
Gross margin26 k €-2,2 k €22,6 k €34,6 k €26,4 k €
EBITDA22,7 k €-9,9 k €17,6 k €31,5 k €23,9 k €
Operating result8,7 k €-22,2 k €8,4 k €24,5 k €16,9 k €
Net result1,8 k €5,7 k €13,9 €18 k €7,3 k €
Balance sheet
Equity32,8 k €31 k €25,3 k €25,3 k €7,3 k €
Total assets80,5 k €130,9 k €195,7 k €64,7 k €106,4 k €
Cash558,8 €4,4 k €22,6 k €21 k €20,8 k €
Debts47,6 k €99,9 k €101,5 k €39,4 k €99,2 k €
Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 3 ended

Active mandates

Kadir Gümüstekin

Director · since 29 août 2018

Active

Ended mandates

Ramadan Feim

Director · since 29 août 2018

Ended
KADIR GUMUSTEKIN

Manager

Ended
RAMADAN FEIM

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
EM&COBankrupt
0535.821.169
R-TransLiquidation
0764.602.795
SDS TRANSActive
0784.806.808
Annual accounts

Full financial information

20232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202301/01/202201/01/202101/01/202029/08/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months17 months
Filing date10/07/202423/07/202305/07/202225/06/202106/07/2020
General meeting20/06/202415/06/202316/06/202220/06/202120/06/2020
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202320/06/202410/07/2024DutchPDF
Micro model31/12/202215/06/202323/07/2023DutchPDF
Micro model31/12/202116/06/202205/07/2022DutchPDF
Micro model31/12/202020/06/202125/06/2021DutchPDF
Micro model31/12/201920/06/202006/07/2020DutchPDF
Estimate

Indicative valuation

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 31/12/2023 · 1 active · 3 ended

Active mandates

Kadir Gümüstekin

Director · since 29 août 2018

Active

Ended mandates

Ramadan Feim

Director · since 29 août 2018

Ended
KADIR GUMUSTEKIN

Manager

Ended
RAMADAN FEIM

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/06/2025
    Ontslag / Benoeming / Overdracht zetel
    PDF
  • Mandates09/05/2025
    Ontslag / Benoeming / Overdracht zetel
    PDF
  • Mandates15/05/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/08/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2023
    Annual accounts 20231,8 k €
  2. 2022
    Annual accounts 20225,7 k €
  3. 2021
    Annual accounts 202113,9 €
  4. 2020
    Annual accounts 202018 k €
  5. 2019
    Annual accounts 20197,3 k €
  6. 29/08/2018
    IncorporationPrivate company with limited liability