ACTIVE

MADAREST

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Financial year 2025 · Closed on 31/12/2025

Net result666,5 k €+9,2 %over 1 year

Gross margin2,7 M €+12,4 %over 1 year

Equity1,4 M €+4,9 %over 1 year

Workforce24,6 ETP+2,9 %over 1 year

Identity

Source · BCE/KBO

MADAREST is a Private limited company incorporated in 1984. Its main activity is: Manufacture of macaroni, noodles, couscous and similar farinaceous products. Its registered office is in Anderlues. It employs on average 24,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0425.846.331
Incorporation: 07/06/1984
Legal form: Private limited company
Registered office: Rue Joseph Wauters 145
6150 Anderlues · WallonieSee on map
Contributed capital: 18 592,00 €
Latest accounts: 31/12/2025
Average workforce: 24,6 ETP

Activities (NACE)

10730Manufacture of macaroni, noodles, couscous and similar farinaceous products· main 10730Manufacture of macaroni, noodles, couscous and similar farinaceous products

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,7 M €	+12.4%	2,4 M €	+17.7%	2 M €	+6.1%	1,9 M €	+17.9%	1,6 M €
EBITDA	1,1 M €	+6.6%	1,1 M €	+18.2%	904,9 k €	-18.0%	1,1 M €	+10.9%	995,2 k €
Operating result	907,7 k €	+2.4%	886,3 k €	+15.5%	767,2 k €	-21.2%	973,3 k €	+12.9%	862,3 k €
Net result	666,5 k €	+9.2%	610,6 k €	+17.1%	521,5 k €	-23.9%	685,5 k €	+3.6%	661,7 k €
Balance sheet
Equity	1,4 M €	+4.9%	1,4 M €	+15.1%	1,2 M €	-6.2%	1,3 M €	+12.8%	1,1 M €
Total assets	4 M €	+18.9%	3,4 M €	+19.7%	2,8 M €	+7.9%	2,6 M €	+13.0%	2,3 M €
Cash	1,8 M €	+18.3%	1,5 M €	+3.6%	1,5 M €	+4.4%	1,4 M €	+5.7%	1,3 M €
Debts	2,6 M €	+28.4%	2 M €	+22.9%	1,6 M €	+21.1%	1,3 M €	+13.3%	1,2 M €
Other
Workforce	24,6 ETP	+2.9%	23,9 ETP	+23.2%	19,4 ETP	+9.0%	17,8 ETP	+9.2%	16,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active

Active mandates

Director	Mandates in this company	Period
Silvio Luise	Directorsince 01/10/2012Manager01/10/2012 → 2020 accountsended
Sabrina Luise	DirectorManager2020 accountsended
Sara Luise	DirectorManager2020 accountsended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	07/08/2026	27/08/2025	30/08/2024	31/08/2023	31/08/2022	24/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	11/06/2022	25/06/2021
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
Abridged model	31/12/2025	26/06/2026	07/08/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	11/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	24/08/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	25/08/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	23/03/2018	27/03/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	27/06/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	21/11/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	23/07/2013	French	PDF
Abridged model	31/12/2010	24/06/2011	30/09/2011	French	PDF
Abridged model	31/12/2009	24/06/2010	30/09/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	11/08/2008	French	PDF
Abridged model	31/12/2006	25/08/2007	24/09/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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

3 active

Active mandates

Director	Mandates in this company	Period
Silvio Luise	Directorsince 01/10/2012Manager01/10/2012 → 2020 accountsended
Sabrina Luise	DirectorManager2020 accountsended
Sara Luise	DirectorManager2020 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates15/04/2021
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office20/03/2017
TRANSFERT SIEGE SOCIAL
PDF
Other03/07/2013
Mod 2.0
PDF
Mandates17/10/2012
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2012
DEMISSIONS, NOMINATIONS
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

Filings15 filings

Mandates

Silvio Luise

Sara Luise

Sabrina Luise

1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MADAREST

Rue Joseph Wauters 145, 6150 Anderlues

DirectorManager

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Joseph Wauters 145, 6150 AnderluesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00391250

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MADARESTCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00391250

Events

2025
Annual accounts 2025666,5 k €↑
2024
Annual accounts 2024610,6 k €↑
2023
Annual accounts 2023521,5 k €↓
2022
Annual accounts 2022685,5 k €↑
2021
Annual accounts 2021661,7 k €↑
2020
Annual accounts 2020532,2 k €↑
2019
Annual accounts 2019404,7 k €↓
2018
Annual accounts 2018459,9 k €↑
2017
Annual accounts 201790,3 k €↓
2016
Annual accounts 2016113 k €↑
2015
Annual accounts 201578 k €↑
2014
Annual accounts 201434 k €↑
2013
Annual accounts 201324,2 k €↑
2012
Annual accounts 2012672 €↑
2011
Annual accounts 2011-19,1 k €
07/06/1984
IncorporationPrivate limited company

MADAREST

Overview

Identity

Financials

Valuation

Indicative valuation

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

Registered offices

Company names

Events