ACTIVE

AMADE

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Financial year 2025 · closed on 31/12/2025

Net result

19 k €

-7.1% YoY

Gross margin

22,9 k €

-5.0% YoY

Equity

721,1 k €

+2.7% YoY

What does AMADE do?

AMADE is a Private limited company incorporated in 1991. Its registered office is in Nazareth-De Pinte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.736.792

Incorporation

21/03/1991

Legal form

Private limited company

Registered office

Latemstraat 10
9840 Nazareth-De Pinte · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	22,9 k €	-5.0%	24,1 k €	+27.6%	18,9 k €	-13.9%	22 k €	+20.0%	18,3 k €	+70.5%	10,7 k €	+1.3%	10,6 k €	+167%	4 k €	+54.6%	2,6 k €	-83.4%	15,5 k €	-19.4%	19,2 k €	+15.2%	16,7 k €	-29.6%	23,7 k €	+57.5%	15,1 k €	+283%	3,9 k €	-32.3%	5,8 k €	+255%	-3,7 k €	+55.1%	-8,3 k €
EBITDA	19,2 k €	-7.0%	20,6 k €	+36.3%	15,1 k €	-18.4%	18,6 k €	+24.0%	15 k €	+102%	7,4 k €	-6.4%	7,9 k €	+514%	1,3 k €	-56.7%	3 k €	-69.8%	9,9 k €	-41.4%	16,9 k €	+20.1%	14,1 k €	-32.5%	20,8 k €	+81.2%	11,5 k €	+776%	1,3 k €	-23.6%	1,7 k €	+131%	-5,6 k €	+51.9%	-11,7 k €
Operating result	19,1 k €	-6.9%	20,5 k €	+41.1%	14,5 k €	-2.1%	14,8 k €	+32.0%	11,2 k €	+205%	3,7 k €	-12.2%	4,2 k €	+271%	-2,4 k €	-223%	-757 €	-112%	6,1 k €	-53.2%	13,1 k €	+27.4%	10,3 k €	-39.6%	17,1 k €	+143%	7 k €	+322%	-3,2 k €	+84.0%	-19,8 k €	+28.9%	-27,8 k €	+19.6%	-34,5 k €
Net result	19 k €	-7.1%	20,5 k €	+42.0%	14,4 k €	-2.1%	14,7 k €	+31.5%	11,2 k €	-13.8%	13 k €	+18.8%	10,9 k €	+210%	3,5 k €	-21.2%	4,5 k €	-58.2%	10,7 k €	-17.4%	13 k €	+27.3%	10,2 k €	-40.4%	17,1 k €	+148%	6,9 k €	+311%	-3,3 k €	+83.5%	-19,8 k €	+28.6%	-27,8 k €	+11.8%	-31,5 k €
Balance sheet
Equity	721,1 k €	+2.7%	702,1 k €	+3.0%	681,6 k €	+2.2%	667,2 k €	+2.3%	652,4 k €	+1.7%	641,2 k €	+2.1%	628,2 k €	+1.8%	617,3 k €	+0.6%	613,7 k €	+0.7%	609,3 k €	+308%	149,2 k €	+9.5%	136,3 k €	+8.1%	126,1 k €	+15.6%	109 k €	+6.7%	102,1 k €	-3.1%	105,4 k €	-15.8%	125,3 k €	-18.2%	153,1 k €
Total assets	721,1 k €	+2.7%	702,1 k €	+3.0%	681,7 k €	+2.2%	667,2 k €	+2.2%	652,5 k €	+1.8%	641,2 k €	+2.1%	628,2 k €	+1.8%	617,3 k €	+0.6%	613,7 k €	+0.2%	612,3 k €	+310%	149,2 k €	+9.5%	136,3 k €	+8.1%	126,1 k €	+7.7%	117,1 k €	-3.6%	121,5 k €	-3.6%	126 k €	-15.2%	148,6 k €	-14.0%	172,7 k €
Cash	284 €	+1395%	19 €	-17.4%	23 €	+21.1%	19 €	+46.2%	13 €	-66.7%	39 €	+160%	15 €		–		–		106 €	+30.9%	81 €	+326%	19 €	+5.6%	18 €	-83.0%	106 €	+147%	43 €	-70.3%	145 €	-84.9%	961 €	-45.6%	1,8 k €
Debts	–		–		132 €		–		61 €		–		–		8 €	0.0%	8 €		–		–		–		–		8 k €	-58.5%	19,3 k €	-6.4%	20,6 k €	-11.6%	23,3 k €	+18.7%	19,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Adelheid Balcaen

Director

Active

Mark Balcaen

Director

Active

Ended mandates

Adelheid Balcaen

Director · since 31 mai 2008 · until 31 mai 2014

Ended

Godelieve Vermeulen

Director · since 31 mai 2008 · until 31 mai 2014

Ended

Marc Balcaen

Managing director · since 31 mai 2008 · until 31 mai 2014

Ended

Adelheid Balcaen

Manager

Ended

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	01/01/2022	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	31/08/2026	31/08/2025	31/12/2024	31/08/2023	23/08/2022	30/08/2021
General meeting	27/06/2026	28/06/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	28/06/2025	31/08/2025	Dutch	PDF
Micro model	31/12/2023	25/05/2024	31/12/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	28/05/2022	23/08/2022	Dutch	PDF
Micro model	31/12/2020	29/05/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	25/07/2020	31/07/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	31/08/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	24/06/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	25/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	30/05/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	20/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	01/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	10/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Adelheid Balcaen

Director

Active

Mark Balcaen

Director

Active

Ended mandates

Adelheid Balcaen

Director · since 31 mai 2008 · until 31 mai 2014

Ended

Godelieve Vermeulen

Director · since 31 mai 2008 · until 31 mai 2014

Ended

Marc Balcaen

Managing director · since 31 mai 2008 · until 31 mai 2014

Ended

Adelheid Balcaen

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates09/03/2017
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates15/04/2011
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/09/2008
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202519 k €↓
2024
Annual accounts 202420,5 k €↑
2023
Annual accounts 202314,4 k €↓
2022
Annual accounts 202214,7 k €↑
2021
Annual accounts 202111,2 k €↓
2020
Annual accounts 202013 k €↑
2019
Annual accounts 201910,9 k €↑
2018
Annual accounts 20183,5 k €↓
2017
Annual accounts 20174,5 k €↓
2016
Annual accounts 201610,7 k €↓
2015
Annual accounts 201513 k €↑
2014
Annual accounts 201410,2 k €↓
2013
Annual accounts 201317,1 k €↑
2012
Annual accounts 20126,9 k €↑
2011
Annual accounts 2011-3,3 k €↑
2010
Annual accounts 2010-19,8 k €↑
2009
Annual accounts 2009-27,8 k €↑
2008
Annual accounts 2008-31,5 k €
21/03/1991
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AMADE

Overview

What does AMADE do?

Trend over 18 financial years

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