Made SA — Cyborg Score 2/10

Challenged
Industrial detection and measurement equipment

Strategic Profile

The provided ticker and entity identifiers point to an industrial B2B equipment supplier, not the consumer furniture platform. As of December 2025, Made SA completed a delisting via voluntary buyback at €12/share, removing it from public markets.

Cyborg Score Rationale

Company identity mismatch; entity is delisted as of late 2025; industrial equipment business, not e-commerce furniture.

Top Insights

  • MLMAD ticker corresponds to Made SA (industrial detection/measurement equipment), not Made.com furniture retailer
  • Company delisted in December 2025 following voluntary share buyback at €12.00/share
  • 80%+ revenue from France; B2B focus on energy, construction, telecom, and defense sectors
  • No current public market data available post-delisting

Recent Developments

  • (December 2025) Completed voluntary share buyback offer at €12.00/share and delisting from EURONEXT Access
  • (September 2025) Novarc announced intention to launch voluntary buyback offer

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