Data with Sina

COFFEE / LEUVEN / THE CHOICES BEHIND GROWTH

How do you build Leuven's next coffee business?

The answer is bigger than opening another cafe.

A station concession. A second city. A shop across the street. Madmum, MOK and Onan show different ways a local coffee business can grow, and different questions worth asking before you follow.

Three businesses. Different ways to grow.

Evidence checked October 2026

Madmum in Leuven

THE ECONOMIC CHECK

Expansion and profit are different stories.

Net profit fluctuates even as a business develops. The accounts show the outcome, not which location or channel caused it.

Company net profit · EUR
Exact figures and comparison
Reported net profit, EUR. All three companies, 2021–2025.
YearMadmum / FelipesMOK / City RoastOnan / Koffie Onan

No company in this pilot disclosed turnover in these filings. Net profit is not revenue, cash flow or a profit-margin percentage.

Download the financial evidence

WHAT THIS MEANS FOR A NEW OPERATOR

Copy the question. Not the chain.

01

Choose the customer occasion

Campus routine, commuter stop or neighbourhood visit? Check when people pass, what they buy and why they would return.

Next test: observe two candidate sites across weekday, weekend and quieter periods.

02

Choose the growth engine

A second bar, wholesale, take-home retail or training are different businesses. More locations are not the only route to scale.

Next test: compare one new-site scenario with one non-store channel.

03

Earn the right to expand

Company accounts cannot prove a single site's economics. Rent, staffing, repeat demand and operating capacity must work first.

Next test: build a site-level break-even case and stress-test lower sales and higher costs.

A plausible opportunity is not simply an empty patch on a map. It is a customer occasion you can serve with repeatable economics.

Explore the earlier location-screening map
Where the story ends and the unknowns begin

These are selected surviving businesses, not a complete market sample. We have no branch sales, rents, footfall or customer-retention data. A timeline is not proof of causation; a historical profit is not a forecast. Current locations and known milestones do not reconstruct every closure or relocation.

Sources and boundaries

Financial evidence

Original National Bank CSV filings, 2021–2025, three matched legal entities. Every period is January–December in EUR. Net result is accounting code 9904. Turnover code 70 is absent in all 15 filings. Values are each year's selected filing; comparative restatements have not been audited.

Felipes / Madmum · City Roast / MOK · Koffie Onan

Locations and chronology

Brand websites, a founder account published by KU Leuven, CBE establishment records and OpenStreetMap points checked on 7 October 2026. Dates are shown at year precision. The map reveals sourced milestones in the current confirmed roster, not a complete historical census.

Onan's second location is confirmed by 2026, not assigned a guessed 2025 opening. Brusselsestraat's 2022 year is inferred from the founder's sequence and its registration. Campus and station entrances differ between sources; points are approximate. Outside-city activity and other registered formats are not plotted as Leuven cafes.

Location evidence · Full feasibility audit · Financial CSV

Interpretation

Growth paths and next tests are Sina's analysis, not the companies' stated strategy or investment advice. No reviews, estimated revenue or Huff scores enter this story.