NORMAL SITUATION

Madam'M

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Company — Normal situation.

Strike-off: 17 juillet 2026

Financial year 2025 · Closed on 31/12/2025

Net result180,3 k €+253,0 %over 1 year

Gross margin295,6 k €+764,8 %over 1 year

Equity376,4 k €+87,0 %over 1 year

Identity

Source · BCE/KBO

Madam'M is a Public limited company incorporated in 1975.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0415.429.719
Incorporation: 01/10/1975
Legal form: Public limited company
Contributed capital: 99 159,99 €
Latest accounts: 31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	295,6 k €	+765%	34,2 k €	-53.7%	73,8 k €	+38.7%	53,2 k €	-46.2%	98,9 k €
EBITDA	224 k €	+374%	-81,9 k €	-135%	-34,9 k €	-1846%	2 k €	-94.0%	33,4 k €
Operating result	220 k €	+292%	-114,4 k €	-159%	-44,1 k €	-268%	-12 k €	-146%	26,2 k €
Net result	180,3 k €	+253%	-117,8 k €	-159%	-45,4 k €	-232%	-13,7 k €	-159%	23,1 k €
Balance sheet
Equity	376,4 k €	+87.0%	201,3 k €	-37.9%	324,3 k €	-13.5%	374,9 k €	-4.8%	393,7 k €
Total assets	439,2 k €	+6.2%	413,5 k €	-16.0%	492 k €	-10.7%	550,9 k €	-14.0%	640,2 k €
Cash	429,5 k €	+1912%	21,3 k €	+122%	9,6 k €	-69.2%	31,2 k €	-38.6%	50,9 k €
Debts	62,8 k €	-70.4%	212,2 k €	+26.5%	167,8 k €	-4.7%	176 k €	-27.0%	241,1 k €
Other
Workforce	–		–		–		–		–

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 9 ended

Active mandates

CORTEN-LUTTERS Irene

Director · since 14 mai 2022

Active

Ended mandates

Irène LUTTERS

Director · since 30 septembre 2013 · until 28 mai 2019

Ended

Nathalie CORTEN

Managing director · since 30 septembre 2013 · until 28 mai 2019

Ended

Philippe BLONDIN

Director · since 13 mai 2008 · until 13 mai 2014

Ended

Irène LUTHERS

Director · since 05 octobre 2007 · until 04 octobre 2013

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	30/09/2025	23/07/2024	29/09/2023	30/08/2022	30/08/2021
General meeting	30/06/2026	30/09/2025	31/05/2024	31/05/2023	26/08/2022	26/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	03/07/2026	French	PDF
Micro model	31/12/2024	30/09/2025	30/09/2025	French	PDF
Micro model	31/12/2023	31/05/2024	23/07/2024	French	PDF
Micro model	31/12/2022	31/05/2023	29/09/2023	French	PDF
Abridged model	31/12/2021	26/08/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	26/08/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	31/08/2020	30/10/2020	French	PDF
Abridged model	31/12/2018	28/05/2019	09/07/2019	French	PDF
Abridged model	31/12/2017	29/05/2018	30/05/2018	French	PDF
Abridged model	31/12/2016	30/05/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	31/05/2016	18/07/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	29/05/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	11/07/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	14/05/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	16/05/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	07/07/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	14/05/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	15/05/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	04/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 9 ended

Active mandates

CORTEN-LUTTERS Irene

Director · since 14 mai 2022

Active

Ended mandates

Irène LUTTERS

Director · since 30 septembre 2013 · until 28 mai 2019

Ended

Nathalie CORTEN

Managing director · since 30 septembre 2013 · until 28 mai 2019

Ended

Philippe BLONDIN

Director · since 13 mai 2008 · until 13 mai 2014

Ended

Irène LUTHERS

Director · since 05 octobre 2007 · until 04 octobre 2013

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Dissolution20/07/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Registered office24/12/2025
SIEGE SOCIAL
PDF
Mandates04/07/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office11/03/2014
SIEGE SOCIAL
PDF
Mandates27/12/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates12/12/2013
DEMISSIONS, NOMINATIONS
PDF
Capital / shares03/02/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/07/2009
DEMISSIONS, NOMINATIONS
PDF

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

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Timeline

2025
Annual accounts 2025180,3 k €↑
2024
Annual accounts 2024-117,8 k €↓
2023
Annual accounts 2023-45,4 k €↓
2022
Annual accounts 2022-13,7 k €↓
2021
Annual accounts 202123,1 k €↓
2020
Annual accounts 202055,3 k €↑
2019
Annual accounts 2019-13,5 k €↓
2018
Annual accounts 20188,8 k €↓
2017
Annual accounts 201729,3 k €↑
2016
Annual accounts 2016-16,3 k €↑
2015
Annual accounts 2015-34 k €↓
2014
Annual accounts 201415,5 k €↑
2013
Annual accounts 2013-8,3 k €↓
2012
Annual accounts 2012188 €↓
2011
Annual accounts 20118,3 k €↓
2010
Annual accounts 201025,9 k €↑
2009
Annual accounts 2009-4,2 k €↓
2008
Annual accounts 200826 k €↑
2007
Annual accounts 200711,9 k €↓
2006
Annual accounts 200619,9 k €
01/10/1975
IncorporationPublic limited company

Madam'M

Overview

Identity

Financials

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline