MADICO
0442.958.517 · rovalta.com · 23/09/2026
ACTIVE
MADICO
Financial year 2025 · closed on 31/12/2025
Net result
1,6 M €
+636.4% YoY
Gross margin
2,4 M €
+587.0% YoY
Equity
7,6 M €
+26.1% YoY
Overview
What does MADICO do?
MADICO is a Public limited company incorporated in 1991. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Erpe-Mere.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0442.958.517
Incorporation
09/01/1991
Legal form
Public limited company
Registered office
Honegemstraat 133
9420 Erpe-Mere · FlandreSee on map
9420 Erpe-Mere · FlandreSee on map
Contributed capital
1 041 312,52 €
Latest accounts
31/12/2025
Activities (NACE)
74875Other professional, scientific and technical activities· main82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.68201Rental and operating of own or leased real estate68201Rental and operating of own or leased real estate68203Rental and operating of own or leased real estate+1
Joint committees (2)
- 100
- 3230
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 2,4 M € | +587% | 354,7 k € | -83.4% | 2,1 M € | +251% | 609,2 k € | -19.1% | 753,4 k € | +95.9% | 384,6 k € | +22.2% | 314,7 k € | -0.1% | 315 k € | +19.6% | 263,4 k € | +12.2% | 234,7 k € | +9.5% | 214,4 k € | +27.5% | 168,2 k € | +569% | 25,1 k € | -93.5% | 384,4 k € | -4.8% | 403,9 k € | +0.3% | 402,7 k € | -9.8% | 446,3 k € | +5.0% | 424,8 k € |
| EBITDA | 2,3 M € | +923% | 229,2 k € | -88.9% | 2,1 M € | +338% | 471,9 k € | -28.8% | 662,7 k € | +96.7% | 337 k € | +37.0% | 246 k € | +8.7% | 226,3 k € | +581% | -47,1 k € | -125% | 186 k € | +46.0% | 127,4 k € | +53.7% | 82,8 k € | +141% | -201,4 k € | -170% | 288,6 k € | -3.4% | 298,9 k € | -7.6% | 323,4 k € | -15.0% | 380,6 k € | +17.4% | 324,3 k € |
| Operating result | 2,1 M € | +95958% | -2,2 k € | -100% | 1,8 M € | +14057% | 12,9 k € | -97.6% | 538,6 k € | +270% | 145,5 k € | +415% | 28,2 k € | -34.7% | 43,3 k € | +151% | -85,5 k € | -381% | 30,4 k € | +460% | 5,4 k € | +110% | -55,4 k € | +88.7% | -489,3 k € | -758% | 74,3 k € | -18.6% | 91,3 k € | -28.6% | 128 k € | -40.6% | 215,5 k € | +63.1% | 132,2 k € |
| Net result | 1,6 M € | +636% | 213,9 k € | -84.1% | 1,3 M € | +1436% | 87,8 k € | -78.1% | 400,8 k € | +366% | 86,1 k € | +248% | 24,7 k € | -47.3% | 46,9 k € | +154% | -86,3 k € | -385% | 30,3 k € | +3536% | 833,5 € | -98.2% | 45,9 k € | -93.6% | 715,5 k € | +1578% | 42,6 k € | -31.8% | 62,5 k € | -39.0% | 102,6 k € | -72.6% | 373,8 k € | +1076% | -38,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 7,6 M € | +26.1% | 6 M € | +3.7% | 5,8 M € | +30.1% | 4,5 M € | +2.0% | 4,4 M € | +10.0% | 4 M € | +2.2% | 3,9 M € | +0.6% | 3,9 M € | +1.2% | 3,8 M € | -2.2% | 3,9 M € | +0.8% | 3,9 M € | +0.0% | 3,9 M € | +1.2% | 3,8 M € | +22.9% | 3,1 M € | +1.4% | 3,1 M € | +2.1% | 3 M € | +311% | 735,4 k € | +103% | 361,5 k € |
| Total assets | 8,2 M € | +23.0% | 6,7 M € | +2.4% | 6,5 M € | +22.5% | 5,3 M € | +9.1% | 4,9 M € | +6.7% | 4,6 M € | +2.0% | 4,5 M € | +2.4% | 4,4 M € | -0.6% | 4,4 M € | -0.2% | 4,4 M € | +8.7% | 4 M € | -5.9% | 4,3 M € | -11.7% | 4,9 M € | +27.0% | 3,8 M € | +0.4% | 3,8 M € | +1.3% | 3,8 M € | +11.6% | 3,4 M € | -2.6% | 3,5 M € |
| Cash | 30,1 k € | -78.7% | 141,3 k € | +282% | 37 k € | -95.0% | 733,2 k € | +39.5% | 525,8 k € | -53.5% | 1,1 M € | +22.2% | 925,6 k € | +9.9% | 842,5 k € | -8.5% | 921,3 k € | -18.8% | 1,1 M € | -0.3% | 1,1 M € | -8.4% | 1,2 M € | -38.5% | 2 M € | +1686% | 113,1 k € | +134% | 48,2 k € | +26.6% | 38,1 k € | -54.5% | 83,6 k € | +61.2% | 51,9 k € |
| Debts | 81,9 k € | -29.5% | 116,1 k € | -25.9% | 156,8 k € | -78.3% | 722,6 k € | +130% | 313,5 k € | -38.1% | 506,6 k € | -0.1% | 507 k € | +18.5% | 427,9 k € | -14.1% | 498,4 k € | +19.2% | 418,2 k € | +334% | 96,4 k € | -72.4% | 349,6 k € | -62.9% | 942,8 k € | +44.0% | 654,6 k € | +4.1% | 628,6 k € | -3.0% | 648,4 k € | -74.3% | 2,5 M € | -15.1% | 3 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | – | – | |||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 20 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Familie Vyverman● Active | 0722.746.208 |
Financials
Annual accounts
Full financial information
| 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 | 01/05/2021 | 01/05/2020 | 01/05/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 30/04/2021 | 30/04/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 20 months | 12 months | 12 months |
| Filing date | 31/08/2026 | 01/07/2025 | 20/07/2024 | 07/07/2023 | 29/11/2021 | 27/11/2020 |
| General meeting | 22/08/2026 | 20/06/2025 | 21/06/2024 | 16/06/2023 | 30/09/2021 | 24/09/2020 |
| 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
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 22/08/2026 | 31/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 20/06/2025 | 01/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 21/06/2024 | 20/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 16/06/2023 | 07/07/2023 | Dutch | |
| Micro model | 30/04/2021 | 30/09/2021 | 29/11/2021 | Dutch | |
| Micro model | 30/04/2020 | 24/09/2020 | 27/11/2020 | Dutch | |
| Micro model | 30/04/2019 | 26/09/2019 | 28/11/2019 | Dutch | |
| Micro model | 30/04/2018 | 27/09/2018 | 30/10/2018 | Dutch | |
| Micro model | 30/04/2017 | 19/10/2017 | 30/11/2017 | Dutch | |
| Abridged model | 30/04/2016 | 29/09/2016 | 28/10/2016 | Dutch | |
| Abridged model | 30/04/2015 | 24/09/2015 | 07/10/2015 | Dutch | |
| Abridged model | 30/04/2014 | 06/11/2014 | 13/11/2014 | Dutch | |
| Abridged model | 30/04/2013 | 07/11/2013 | 29/11/2013 | Dutch | |
| Abridged model | 30/04/2012 | 15/11/2012 | 22/11/2012 | Dutch | |
| Abridged model | 30/04/2011 | 03/11/2011 | 30/11/2011 | Dutch | |
| Abridged model | 30/04/2010 | 04/11/2010 | 30/11/2010 | Dutch | |
| Abridged model | 30/04/2009 | 05/11/2009 | 27/11/2009 | Dutch | |
| Abridged model | 30/04/2008 | 30/10/2008 | 26/11/2008 | Dutch | |
| Abridged model | 30/04/2007 | 25/10/2007 | 20/11/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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 · 2 active · 20 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates09/04/2024ONTSLAGEN - BENOEMINGEN
- Mandates11/05/2022ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
- Mandates26/02/2018ONTSLAGEN - BENOEMINGEN
- Mandates29/12/2011ONTSLAGEN - BENOEMINGEN
- Restructuring22/05/2009KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring25/03/2009RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
- Capital / shares02/01/2007ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Registered office13/10/2006MAATSCHAPPELIJKE ZETEL
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 20251,6 M €↑
- 2024Annual accounts 2024213,9 k €↓
- 2023Annual accounts 20231,3 M €↑
- 2022Annual accounts 202287,8 k €↓
- 2021Annual accounts 2021400,8 k €↑
- 2020Annual accounts 202086,1 k €↑
- 2019Annual accounts 201924,7 k €↓
- 2018Annual accounts 201846,9 k €↑
- 2017Annual accounts 2017-86,3 k €↓
- 2016Annual accounts 201630,3 k €↑
- 2015Annual accounts 2015833,5 €↓
- 2014Annual accounts 201445,9 k €↓
- 2013Annual accounts 2013715,5 k €↑
- 2012Annual accounts 201242,6 k €↓
- 2011Annual accounts 201162,5 k €↓
- 2010Annual accounts 2010102,6 k €↓
- 2008Annual accounts 2008373,8 k €↑
- 2007Annual accounts 2007-38,3 k €
- 09/01/1991IncorporationPublic limited company