OPENING OF BANKRUPTCY

M.A.D. COLLECTIONS

Financial year 2018 · closed on 31/12/2018
Net result
538,1 k €
+768752128.6% YoY
Equity
2,2 M €
+32.2% YoY
Workforce
2,2 ETP
-24.1% YoY

Company — Opening of bankruptcy.

What does M.A.D. COLLECTIONS do?

M.A.D. COLLECTIONS is a Public limited company incorporated in 2003. Its main activity is: Agents involved in the sale of textiles, clothing, fur, footwear and leather goods. Its registered office is in Mechelen. It employs on average 2,2 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0862.015.343
Incorporation
04/12/2003
Legal form
Public limited company
Registered office
Bautersemstraat 68a
2800 Mechelen · FlandreSee on map
Latest accounts
31/12/2018
Average workforce
2,2 ETP
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2018201720152013201220112010200820072006
Income statement
Gross margin935,3 k €551 k €
EBITDA699,9 k €386,1 k €834,6 k €3 M €2,6 M €1,5 M €1,3 M €722,6 k €659,9 k €297,8 k €
Operating result573,5 k €31,1 k €-3 M €66,6 k €81,6 k €73,1 k €114,1 k €322,4 k €270,3 k €214,5 k €
Net result538,1 k €0,1 €-3,1 M €-3,7 k €16,8 k €40 k €16,6 k €225,1 k €199,2 k €185,2 k €
Balance sheet
Equity2,2 M €1,7 M €-2 M €1 M €1,1 M €1 M €996,5 k €979,9 k €939,8 k €905,5 k €
Total assets4 M €6,4 M €39,3 M €42 M €36,6 M €21,6 M €13,9 M €6,3 M €4,9 M €4,8 M €
Cash16,3 k €24,9 k €13,6 k €47,2 k €24,4 k €30,7 k €12,2 k €37,8 k €6,5 k €6,6 k €
Debts1,8 M €4,7 M €41,3 M €41 M €35,5 M €20,5 M €12,9 M €5,3 M €4 M €3,9 M €
Other
Workforce2,2 ETP2,9 ETP3,0 ETP6,0 ETP6,8 ETP8,8 ETP7,1 ETP5,5 ETP6,3 ETP4,2 ETP
Governance

Board of directors

Seen on filing of 31/12/2018 · 5 active · 26 ended

Active mandates

Anja Maes

Director · since 30 novembre 2017 · until 24 juin 2024

Active
Dieter Penninckx

Mandate · since 30 novembre 2017 · until 24 juin 2024

Active
Emmanuel Bracke

Director · since 30 novembre 2017 · until 24 juin 2024

Active
FNG GROUP

Director · since 30 novembre 2017 · until 24 juin 2024 · 0865.085.788

Represented by Dieter Penninckx

Active
FIGURAD BEDRIJFSREVISOREN

Mandate · since 01 avril 2015 · until 06 décembre 2019 · 0423.109.644

Represented by Ann (A01494) Van Vlaenderen

Active

Ended mandates

Dieter Penninckx

Managing director · since 30 novembre 2017 · until 24 juin 2024

Ended
FNG GROUP

Managing director · since 30 novembre 2017 · until 24 juin 2024 · 0865.085.788

Represented by Dieter Penninckx

Ended
Tine De Ryck

Director · since 30 novembre 2017 · until 24 juin 2024

Ended
Anja Maes

Director · since 20 décembre 2011 · until 06 mars 2017

Ended
At this address

Other companies at this address

CompanyCBE no.
BRANTNEWBankrupt
0645.846.982
Annual accounts

Full financial information

201820172016201520132012
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/201801/01/201701/04/201501/10/201301/10/201201/08/2011
Closing of the financial year31/12/201831/12/201731/12/201631/03/201530/09/201330/09/2012
Length of the financial year12 months12 months21 months18 months12 months14 months
Filing date17/12/201928/09/201829/12/201730/10/201530/04/201430/04/2013
General meeting06/12/201925/06/201830/11/201729/09/201530/04/201426/04/2013
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/201806/12/201917/12/2019DutchPDF
Full model31/12/201725/06/201828/09/2018DutchPDF
Full model31/12/201630/11/201729/12/2017DutchPDF
Full model31/03/201529/09/201530/10/2015DutchPDF
Full model30/09/201330/04/201430/04/2014DutchPDF
Full model30/09/201226/04/201330/04/2013DutchPDF
Full model31/07/201120/12/201125/01/2012DutchPDF
Full model31/07/201010/01/201131/01/2011DutchPDF
Full model31/12/200826/06/200914/07/2009DutchPDF
Abridged model31/12/200726/06/200828/08/2008DutchPDF
Abridged model31/12/200628/06/200731/08/2007DutchPDF
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 31/12/2018 · 5 active · 26 ended

Active mandates

Anja Maes

Director · since 30 novembre 2017 · until 24 juin 2024

Active
Dieter Penninckx

Mandate · since 30 novembre 2017 · until 24 juin 2024

Active
Emmanuel Bracke

Director · since 30 novembre 2017 · until 24 juin 2024

Active
FNG GROUP

Director · since 30 novembre 2017 · until 24 juin 2024 · 0865.085.788

Represented by Dieter Penninckx

Active
FIGURAD BEDRIJFSREVISOREN

Mandate · since 01 avril 2015 · until 06 décembre 2019 · 0423.109.644

Represented by Ann (A01494) Van Vlaenderen

Active

Ended mandates

Dieter Penninckx

Managing director · since 30 novembre 2017 · until 24 juin 2024

Ended
FNG GROUP

Managing director · since 30 novembre 2017 · until 24 juin 2024 · 0865.085.788

Represented by Dieter Penninckx

Ended
Tine De Ryck

Director · since 30 novembre 2017 · until 24 juin 2024

Ended
Anja Maes

Director · since 20 décembre 2011 · until 06 mars 2017

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Other28/09/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates31/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/01/2020
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates28/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/03/2018
    ONTSLAGEN - BENOEMINGEN
    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. 2018
    Annual accounts 2018538,1 k €
  2. 2017
    Annual accounts 20170,1 €
  3. 2015
    Annual accounts 2015-3,1 M €
  4. 2013
    Annual accounts 2013-3,7 k €
  5. 2012
    Annual accounts 201216,8 k €
  6. 2011
    Annual accounts 201140 k €
  7. 2010
    Annual accounts 201016,6 k €
  8. 2008
    Annual accounts 2008225,1 k €
  9. 2007
    Annual accounts 2007199,2 k €
  10. 2006
    Annual accounts 2006185,2 k €
  11. 04/12/2003
    IncorporationPublic limited company