MADO
0428.428.016 · rovalta.com · 22/09/2026
ACTIVE
MADO
Financial year 2025 · closed on 31/12/2025
Net result
260,6 k €
-37.1% YoY
Gross margin
1,3 M €
-12.0% YoY
Equity
2,4 M €
+12.4% YoY
Workforce
12,9 ETP
-11.0% YoY
Overview
What does MADO do?
MADO is a Private limited company incorporated in 1986. Its main activity is: Wholesale of perfume and cosmetics. Its registered office is in Antwerpen. It employs on average 12,9 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0428.428.016
Incorporation
11/02/1986
Legal form
Private limited company
Registered office
Frans Baetenstraat 44
2100 Antwerpen · FlandreSee on map
2100 Antwerpen · FlandreSee on map
Contributed capital
18 592,01 €
Latest accounts
31/12/2025
Average workforce
12,9 ETP
Activities (NACE)
Joint committees (4)
- 100
- 10000
- 20000
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 1,3 M € | -12.0% | 1,5 M € | -2.3% | 1,6 M € | +45.6% | 1,1 M € | -35.2% | 1,7 M € | +52.5% | 1,1 M € | +3.1% | 1,1 M € | +6.7% | 987,3 k € | -6.7% | 1,1 M € | +22.6% | 863,2 k € | +19.1% | 724,6 k € | -10.5% | 809,2 k € | +7.6% | 752 k € | -11.2% | 846,9 k € | +22.5% | 691,1 k € | -7.6% | 747,8 k € | +15.0% | 650,4 k € | -1.9% | 663,1 k € | +18.2% | 561,1 k € |
| EBITDA | 501 k € | -27.2% | 688,4 k € | -8.4% | 751,5 k € | +165% | 283,7 k € | -68.3% | 895,9 k € | +206% | 292,7 k € | +19.9% | 244,2 k € | -7.8% | 265 k € | -26.0% | 358,2 k € | +36.9% | 261,6 k € | +110% | 124,6 k € | -39.7% | 206,7 k € | +55.2% | 133,1 k € | -49.3% | 262,4 k € | +111% | 124,3 k € | -44.5% | 224,1 k € | -1.2% | 226,7 k € | +2.1% | 222,1 k € | +113% | 104,1 k € |
| Operating result | 398,6 k € | -32.3% | 588,4 k € | -12.6% | 673,5 k € | +171% | 248,6 k € | -72.5% | 904,2 k € | +708% | 111,9 k € | -22.3% | 144 k € | -6.3% | 153,7 k € | -44.8% | 278,6 k € | +56.5% | 178,1 k € | +332% | 41,2 k € | -72.3% | 148,6 k € | +485% | 25,4 k € | -76.8% | 109,5 k € | +387% | 22,5 k € | -83.8% | 138,9 k € | +0.6% | 138 k € | +7.0% | 129 k € | +793% | 14,4 k € |
| Net result | 260,6 k € | -37.1% | 414,3 k € | -18.2% | 506,4 k € | +259% | 141 k € | -78.0% | 641,5 k € | +839% | 68,3 k € | -36.0% | 106,8 k € | -7.6% | 115,6 k € | -44.2% | 207,2 k € | +68.4% | 123 k € | +947% | 11,7 k € | -88.2% | 99,9 k € | +1115% | -9,8 k € | -117% | 59,1 k € | +2093% | -3 k € | -103% | 90,6 k € | -1.6% | 92,1 k € | +42.5% | 64,6 k € | +381% | -23 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 2,4 M € | +12.4% | 2,1 M € | +24.5% | 1,7 M € | +31.6% | 1,3 M € | +12.3% | 1,1 M € | +206% | 373,3 k € | +7.4% | 347,5 k € | +8.4% | 320,7 k € | +5.1% | 305 k € | +54.2% | 197,9 k € | +36.6% | 144,9 k € | +8.8% | 133,1 k € | +29.0% | 103,2 k € | -8.7% | 113 k € | +8.8% | 103,9 k € | -2.8% | 106,9 k € | +40.6% | 76 k € | +72.9% | 44 k € | +49.7% | 29,4 k € |
| Total assets | 3,1 M € | +14.6% | 2,7 M € | -2.5% | 2,8 M € | +18.6% | 2,4 M € | +4.8% | 2,3 M € | +19.6% | 1,9 M € | -1.3% | 1,9 M € | +17.1% | 1,6 M € | +4.1% | 1,6 M € | +6.5% | 1,5 M € | +9.8% | 1,3 M € | -6.7% | 1,4 M € | -4.7% | 1,5 M € | +4.2% | 1,4 M € | -10.9% | 1,6 M € | +5.4% | 1,5 M € | +5.0% | 1,5 M € | -5.8% | 1,6 M € | -3.8% | 1,6 M € |
| Cash | 129,7 k € | -61.7% | 338,7 k € | +266% | 92,5 k € | +2.2% | 90,5 k € | -67.4% | 277,7 k € | +11829% | 2,3 k € | -97.8% | 104,4 k € | +2492% | 4 k € | -87.9% | 33,2 k € | -20.5% | 41,8 k € | +278% | 11,1 k € | +15.8% | 9,6 k € | +94.9% | 4,9 k € | +59.0% | 3,1 k € | -92.3% | 40,2 k € | -8.2% | 43,9 k € | +327% | 10,3 k € | -64.8% | 29,2 k € | +387% | 6 k € |
| Debts | 751,4 k € | +22.2% | 614,7 k € | -44.0% | 1,1 M € | +2.8% | 1,1 M € | -2.9% | 1,1 M € | -27.0% | 1,5 M € | -3.2% | 1,6 M € | +19.1% | 1,3 M € | +3.8% | 1,3 M € | -0.9% | 1,3 M € | +6.5% | 1,2 M € | -8.2% | 1,3 M € | -7.2% | 1,4 M € | +5.3% | 1,3 M € | -12.0% | 1,5 M € | +6.4% | 1,4 M € | +2.5% | 1,4 M € | -8.2% | 1,5 M € | -4.9% | 1,6 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 12,9 ETP | -11.0% | 14,5 ETP | -7.1% | 15,6 ETP | -4.3% | 16,3 ETP | -6.3% | 17,4 ETP | +3.6% | 16,8 ETP | -3.4% | 17,4 ETP | +1.2% | 17,2 ETP | +8.2% | 15,9 ETP | +12.0% | 14,2 ETP | +3.6% | 13,7 ETP | +3.0% | 13,3 ETP | -2.2% | 13,6 ETP | -0.7% | 13,7 ETP | +6.2% | 12,9 ETP | +11.2% | 11,6 ETP | +3.6% | 11,2 ETP | -3.4% | 11,6 ETP | -4.9% | 12,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 4 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
ALFITRAH● Active | 0502.250.558 |
| 0889.090.716 |
Financials
Annual accounts
Full financial information
| 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 | 28/08/2026 | 05/08/2025 | 02/10/2024 | 28/09/2023 | 30/09/2022 | 30/08/2021 |
| General meeting | 27/08/2026 | 30/06/2025 | 24/09/2024 | 25/09/2023 | 26/09/2022 | 18/05/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 27/08/2026 | 28/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/06/2025 | 05/08/2025 | Dutch | |
| Abridged model | 31/12/2023 | 24/09/2024 | 02/10/2024 | Dutch | |
| Abridged model | 31/12/2022 | 25/09/2023 | 28/09/2023 | Dutch | |
| Abridged model | 31/12/2021 | 26/09/2022 | 30/09/2022 | Dutch | |
| Abridged model | 31/12/2020 | 18/05/2021 | 30/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 08/09/2020 | 08/10/2020 | Dutch | |
| Abridged model | 31/12/2018 | 21/05/2019 | 30/08/2019 | Dutch | |
| Abridged model | 31/12/2017 | 15/05/2018 | 31/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 16/05/2017 | 29/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 28/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 28/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 20/05/2014 | 13/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 30/06/2013 | 06/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 15/07/2012 | 02/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/06/2011 | 25/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 20/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 26/06/2009 | 23/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 20/05/2008 | 28/05/2008 | Dutch | |
| Abridged model | 31/12/2006 | 06/06/2007 | 29/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 4 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025260,6 k €↓
- 2024Annual accounts 2024414,3 k €↓
- 2023Annual accounts 2023506,4 k €↑
- 2022Annual accounts 2022141 k €↓
- 2021Annual accounts 2021641,5 k €↑
- 2019Annual accounts 201968,3 k €↓
- 2018Annual accounts 2018106,8 k €↓
- 2017Annual accounts 2017115,6 k €↓
- 2016Annual accounts 2016207,2 k €↑
- 2015Annual accounts 2015123 k €↑
- 2014Annual accounts 201411,7 k €↓
- 2013Annual accounts 201399,9 k €↑
- 2012Annual accounts 2012-9,8 k €↓
- 2011Annual accounts 201159,1 k €↑
- 2010Annual accounts 2010-3 k €↓
- 2009Annual accounts 200990,6 k €↓
- 2008Annual accounts 200892,1 k €↑
- 2007Annual accounts 200764,6 k €↑
- 2006Annual accounts 2006-23 k €
- 11/02/1986IncorporationPrivate limited company