ACTIVE

NAAMLOZE VENNOOTSCHAP VOOR MANAGEMENT INVESTMENT EN CONSULTING

Financial year 2025 · Closed on 31/12/2025

Net result-108,5 k €+0,5 %over 1 year

Gross margin-44,8 k €+7,0 %over 1 year

Equity247,6 k €-30,5 %over 1 year

Identity

Source · BCE/KBO

NAAMLOZE VENNOOTSCHAP VOOR MANAGEMENT INVESTMENT EN CONSULTING is a Public limited company incorporated in 1979. Its main activity is: Development of building projects. Its registered office is in Meise.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0419.816.889
Incorporation: 12/09/1979
Legal form: Public limited company
Registered office: Kon. Kasteeldreef 36
1860 Meise · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-44,8 k €	+7.0%	-48,1 k €	-185%	56,8 k €	+48.2%	38,3 k €	+131%	16,6 k €
EBITDA	-98,1 k €	+2.7%	-100,8 k €	-1784%	6 k €	+157%	-10,6 k €	+62.8%	-28,5 k €
Operating result	-108,5 k €	+0.2%	-108,8 k €	-1995%	5,7 k €	+146%	-12,6 k €	+66.6%	-37,7 k €
Net result	-108,5 k €	+0.5%	-109,1 k €	-2121%	5,4 k €	+142%	-12,9 k €	+66.1%	-38 k €
Balance sheet
Equity	247,6 k €	-30.5%	356,1 k €	-23.4%	465,2 k €	+1.2%	459,8 k €	-2.7%	472,7 k €
Total assets	262,5 k €	-29.0%	369,5 k €	-22.8%	478,7 k €	+0.5%	476,2 k €	-2.3%	487,1 k €
Cash	218,3 k €	-30.4%	313,6 k €	-33.2%	469,1 k €	+3.0%	455,6 k €	-2.7%	468,1 k €
Debts	14,9 k €	+10.7%	13,4 k €	-0.7%	13,5 k €	-17.4%	16,4 k €	+13.2%	14,5 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Isabelle BUELENS	Director24/01/2003 → 27/05/2031
Marie-Madeleine PRINCEN	Managing director29/05/2007 → 27/05/2031Director29/05/2001 → 28/05/2019ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BUDEVCO0884.628.815Represented by Pascal BUELENS	Managing director28/05/2013 → 27/05/2025
Pascal BUELENS	Director28/05/2019 → 27/05/2025

Other companies at this address

Kon. Kasteeldreef 36 1860 Meise

Company	CBE no.
JAN DE BOM VAN DRIESSCHE● Active	0791.831.487

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	27/07/2026	23/07/2025	24/06/2024	02/07/2023	29/06/2022	15/07/2021
General meeting	23/06/2026	24/06/2025	28/05/2024	30/05/2023	31/05/2022	30/06/2021
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	23/06/2026	27/07/2026	Dutch	PDF
Micro model	31/12/2024	24/06/2025	23/07/2025	Dutch	PDF
Micro model	31/12/2023	28/05/2024	24/06/2024	Dutch	PDF
Micro model	31/12/2022	30/05/2023	02/07/2023	Dutch	PDF
Micro model	31/12/2021	31/05/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	15/07/2021	Dutch	PDF
Micro model	31/12/2019	26/05/2020	30/06/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	17/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/05/2018	04/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/05/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	10/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/05/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/05/2013	09/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	04/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/05/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/05/2008	30/05/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	30/05/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Isabelle BUELENS	Director24/01/2003 → 27/05/2031
Marie-Madeleine PRINCEN	Managing director29/05/2007 → 27/05/2031Director29/05/2001 → 28/05/2019ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BUDEVCO0884.628.815Represented by Pascal BUELENS	Managing director28/05/2013 → 27/05/2025
Pascal BUELENS	Director28/05/2019 → 27/05/2025

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/01/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/02/2012
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/07/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/02/2003
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Isabelle BUELENS

Marie-Madeleine PRINCEN

BUDEVCO

Pascal BUELENS

Gustaaf BUELENS

19791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

MADINCO - VENNOOTSCHAP VOOR MANAGEMENT, INVESTMENT EN CONSULTINGNAAMLOZE VENNOOTSCHAP VOOR MANAGEMENT INVESTMENT EN CONSULTING

Kon. Kasteeldreef 36, 1860 Meise

Director

Managing directorDirector

Managing director

DirectorManaging director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kon. Kasteeldreef 36, 1860 MeiseCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00336585
Belgicastraat 7 bte 6, 1930 Zaventem	accounts 2023	Accounts 2023 · 2024-00161206
Koninklijke Kasteeldreef 36 bte 6, 1860 Meise	accounts 2022	Accounts 2022 · 2023-00206430
Belgicastraat 7 bte 6, 1930 Zaventem	accounts 2021	Accounts 2021 · 2022-20115494

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
NAAMLOZE VENNOOTSCHAP VOOR MANAGEMENT INVESTMENT EN CONSULTINGCurrent		CBE
MADINCO - VENNOOTSCHAP VOOR MANAGEMENT, INVESTMENT EN CONSULTING	accounts 2021 → 2025	Accounts 2025 · 2026-00336585
NAAMLOZE VENNOOTSCHAP VOOR MANAGEMENT INVESTMENT EN CONSULTING	accounts 2006 → 2020	Accounts 2020 · 2021-35700329

Events

2025
Annual accounts 2025-108,5 k €↑
2024
Annual accounts 2024-109,1 k €↓
2023
Annual accounts 20235,4 k €↑
2022
Annual accounts 2022-12,9 k €↑
2021
Annual accounts 2021-38 k €↓
2021
Name changeMADINCO - VENNOOTSCHAP VOOR MANAGEMENT, INVESTMENT EN CONSULTING
2020
Annual accounts 2020-21 k €↓
2019
Annual accounts 201929,1 k €↓
2018
Annual accounts 201838,6 k €↑
2017
Annual accounts 201710,3 k €↓
2016
Annual accounts 201622,1 k €↑
2015
Annual accounts 2015-1,1 k €↓
2014
Annual accounts 2014231,3 €↑
2013
Annual accounts 2013-5 k €↓
2012
Annual accounts 2012-1,1 k €↓
2011
Annual accounts 20112,8 k €↑
2010
Annual accounts 20102,6 k €↑
2009
Annual accounts 2009612,4 €↓
2008
Annual accounts 200812,2 k €↑
2007
Annual accounts 2007-5,7 k €↓
2006
Annual accounts 200632,5 k €
12/09/1979
IncorporationPublic limited company

NAAMLOZE VENNOOTSCHAP VOOR MANAGEMENT INVESTMENT EN CONSULTING

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Registered offices

Company names

Events