MADO
0443.817.560 · rovalta.com · 22/09/2026
ACTIVE
MADO
Financial year 2025 · closed on 30/06/2025
Net result
159,8 k €
-76.4% YoY
Gross margin
-25,3 k €
-107.5% YoY
Equity
52,7 M €
+0.3% YoY
Workforce
0,0 ETP
Overview
What does MADO do?
MADO is a Public limited company incorporated in 1991. Its registered office is in Gent.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0443.817.560
Incorporation
03/04/1991
Legal form
Public limited company
Registered office
Onafhankelijkheidslaan 17
9000 Gent · FlandreSee on map
9000 Gent · FlandreSee on map
Contributed capital
10 000 000,00 €
Latest accounts
30/06/2025
Average workforce
0,0 ETP
Joint committees (1)
- 100
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | -25,3 k € | -107% | 339,7 k € | +1444% | -25,3 k € | -216% | 21,8 k € | -45.0% | 39,6 k € | +7.7% | 36,7 k € | +313% | -17,2 k € | -189% | 19,4 k € | -26.0% | 26,2 k € | +10.0% | 23,9 k € | -55.5% | 53,7 k € | -18.5% | 65,9 k € | +2.2% | 64,4 k € | +53.0% | 42,1 k € | +501% | 7 k € | -65.4% | 20,3 k € | +0.9% | 20,1 k € | -91.6% | 238,9 k € | +6.1% | 225,2 k € | -83.0% | 1,3 M € |
| EBITDA | -42,9 k € | -113% | 320,8 k € | +716% | -52 k € | -1490% | 3,7 k € | -79.2% | 18 k € | -37.1% | 28,6 k € | +206% | -27,1 k € | -400% | 9 k € | -44.2% | 16,2 k € | +16.7% | 13,8 k € | -68.3% | 43,7 k € | -18.9% | 53,8 k € | -3.1% | 55,6 k € | +69.5% | 32,8 k € | +1728% | -2 k € | -118% | 11,3 k € | +1.6% | 11,1 k € | -95.2% | 230,9 k € | +6.1% | 217,6 k € | -83.4% | 1,3 M € |
| Operating result | -57,4 k € | -119% | 303,3 k € | +495% | -76,8 k € | -186% | -26,8 k € | -113% | -12,6 k € | -434% | -2,4 k € | +95.9% | -58 k € | -58.0% | -36,7 k € | -54.4% | -23,8 k € | +15.7% | -28,2 k € | -3299% | -829,9 € | -106% | 13,1 k € | -53.1% | 28 k € | +703% | -4,6 k € | +88.8% | -41,4 k € | -44.5% | -28,6 k € | -12.4% | -25,5 k € | -114% | 185 k € | +11.7% | 165,7 k € | -86.8% | 1,3 M € |
| Net result | 159,8 k € | -76.4% | 676,6 k € | +70.0% | 398 k € | +14.8% | 346,8 k € | +33.8% | 259,2 k € | -11.2% | 291,9 k € | -19.7% | 363,4 k € | -57.6% | 856,3 k € | +79.2% | 477,9 k € | -46.8% | 898,4 k € | -32.2% | 1,3 M € | +34.5% | 985,7 k € | -44.9% | 1,8 M € | -8.9% | 2 M € | +8.0% | 1,8 M € | +15.6% | 1,6 M € | -5.6% | 1,7 M € | -10.6% | 1,9 M € | +6.5% | 1,8 M € | -92.7% | 24,1 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 52,7 M € | +0.3% | 52,6 M € | +1.3% | 51,9 M € | +0.8% | 51,5 M € | +0.7% | 51,1 M € | +0.5% | 50,9 M € | +0.6% | 50,6 M € | +0.7% | 50,2 M € | +1.7% | 49,4 M € | +1.0% | 48,9 M € | +1.9% | 48 M € | +2.8% | 46,7 M € | +2.2% | 45,7 M € | +3.1% | 44,3 M € | +4.6% | 42,3 M € | +4.5% | 40,5 M € | +4.0% | 38,9 M € | +4.5% | 37,3 M € | +4.3% | 35,7 M € | +4.2% | 34,3 M € |
| Total assets | 53,4 M € | -0.3% | 53,6 M € | +1.4% | 52,9 M € | +1.9% | 51,9 M € | -1.9% | 52,9 M € | -0.2% | 53 M € | +0.6% | 52,7 M € | +0.8% | 52,3 M € | +2.6% | 51 M € | +0.6% | 50,6 M € | +1.7% | 49,8 M € | +2.5% | 48,5 M € | +0.9% | 48,1 M € | +0.5% | 47,9 M € | +4.0% | 46 M € | +4.5% | 44 M € | +3.9% | 42,4 M € | +4.6% | 40,5 M € | +3.6% | 39,1 M € | -21.7% | 50 M € |
| Cash | 292,5 k € | -86.5% | 2,2 M € | -62.0% | 5,7 M € | +18.2% | 4,8 M € | -31.7% | 7 M € | -24.1% | 9,3 M € | +23.6% | 7,5 M € | -0.4% | 7,5 M € | +20.4% | 6,3 M € | -7.7% | 6,8 M € | -10.2% | 7,6 M € | +39.7% | 5,4 M € | +23.9% | 4,4 M € | -10.0% | 4,9 M € | +86.1% | 2,6 M € | +68.4% | 1,5 M € | +279% | 408,8 k € | -92.9% | 5,8 M € | +60.8% | 3,6 M € | +35.3% | 2,6 M € |
| Debts | 711,4 k € | -31.5% | 1 M € | +4.4% | 994,5 k € | +157% | 386,5 k € | -77.5% | 1,7 M € | -18.5% | 2,1 M € | +1.4% | 2,1 M € | +1.6% | 2 M € | +28.7% | 1,6 M € | -9.3% | 1,8 M € | -2.2% | 1,8 M € | -4.8% | 1,9 M € | -22.1% | 2,4 M € | -32.4% | 3,6 M € | -3.3% | 3,7 M € | +4.6% | 3,5 M € | +2.2% | 3,5 M € | +5.6% | 3,3 M € | -3.3% | 3,4 M € | -78.4% | 15,7 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 0,0 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 30/06/2025 · 4 active · 21 ended
Active mandates
Ann Myriam Donck
ActiveFrank Donck
ActiveLuc Vandenbulcke
ActiveMathieu Vandenbulcke
ActiveEnded mandates
Agnes DONCK
EndedAgnes DONCK
EndedAgnes DONCK
EndedAgnes DONCK
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
IMDOMA● Active | 0425.371.526 |
IMMOBILIEN DONCK● Active | 0443.852.895 |
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 | 01/07/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 9 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 13/01/2026 | 30/01/2025 | 26/04/2024 | 28/04/2023 | 29/04/2022 | 30/04/2021 |
| General meeting | 15/12/2025 | 13/12/2024 | 01/03/2024 | 01/03/2023 | 01/03/2022 | 01/03/2021 |
| 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 | 30/06/2025 | 15/12/2025 | 13/01/2026 | Dutch | |
| Abridged model | 30/06/2024 | 13/12/2024 | 30/01/2025 | Dutch | |
| Abridged model | 30/09/2023 | 01/03/2024 | 26/04/2024 | Dutch | |
| Abridged model | 30/09/2022 | 01/03/2023 | 28/04/2023 | Dutch | |
| Abridged model | 30/09/2021 | 01/03/2022 | 29/04/2022 | Dutch | |
| Abridged model | 30/09/2020 | 01/03/2021 | 30/04/2021 | Dutch | |
| Abridged model | 30/09/2019 | 20/06/2020 | 29/06/2020 | Dutch | |
| Abridged model | 30/09/2018 | 01/03/2019 | 26/04/2019 | Dutch | |
| Abridged model | 30/09/2017 | 01/03/2018 | 27/04/2018 | Dutch | |
| Abridged model | 30/09/2016 | 01/03/2017 | 28/04/2017 | Dutch | |
| Abridged model | 30/09/2015 | 01/03/2016 | 01/04/2016 | Dutch | |
| Abridged model | 30/09/2014 | 02/03/2015 | 31/03/2015 | Dutch | |
| Abridged model | 30/09/2013 | 01/03/2014 | 29/04/2014 | Dutch | |
| Abridged model | 30/09/2012 | 01/03/2013 | 13/05/2013 | Dutch | |
| Abridged model | 30/09/2011 | 01/03/2012 | 27/04/2012 | Dutch | |
| Abridged model | 30/09/2010 | 04/04/2011 | 27/04/2011 | Dutch | |
| Abridged model | 30/09/2009 | 01/03/2010 | 22/04/2010 | Dutch | |
| Abridged model | 30/09/2008 | 01/03/2009 | 27/03/2009 | Dutch | |
| Abridged model | 30/09/2007 | 01/03/2008 | 22/04/2008 | Dutch | |
| Abridged model | 30/09/2006 | 01/03/2007 | 13/04/2007 | 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 30/06/2025 · 4 active · 21 ended
Active mandates
Ann Myriam Donck
ActiveFrank Donck
ActiveLuc Vandenbulcke
ActiveMathieu Vandenbulcke
ActiveEnded mandates
Agnes DONCK
EndedAgnes DONCK
EndedAgnes DONCK
EndedAgnes DONCK
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates09/07/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
- Mandates24/07/2020MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates24/04/2015ONTSLAGEN - BENOEMINGEN
- Mandates06/05/2009ONTSLAGEN - BENOEMINGEN
- Capital / shares19/09/2007KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates24/07/2003ONTSLAGEN - BENOEMINGEN
- Mandates27/03/2003ONTSLAGEN - BENOEMINGEN
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 2025159,8 k €↓
- 2024Annual accounts 2024676,6 k €↑
- 28/06/2024nominationDONCK Ann Myriam — bestuurder categorie A
- 28/06/2024nominationDONCK Frank Cornelius — bestuurder categorie A
- 28/06/2024nominationVANDENBULCKE Luc Louis Joseph Cornelius — bestuurder categorie B
- 28/06/2024nominationVANDENBULCKE Mathieu Joseph Marie Cornelius — bestuurder categorie B
- 2023Annual accounts 2023398 k €↑
- 2022Annual accounts 2022346,8 k €↑
- 15/11/2021autreMaria Donck
- 2021Annual accounts 2021259,2 k €↓
- 2020Annual accounts 2020291,9 k €↓
- 2019Annual accounts 2019363,4 k €↓
- 2018Annual accounts 2018856,3 k €↑
- 2017Annual accounts 2017477,9 k €↓
- 2016Annual accounts 2016898,4 k €↓
- 2015Annual accounts 20151,3 M €↑
- 2014Annual accounts 2014985,7 k €↓
- 2013Annual accounts 20131,8 M €↓
- 2012Annual accounts 20122 M €↑
- 2011Annual accounts 20111,8 M €↑
- 2010Annual accounts 20101,6 M €↓
- 2009Annual accounts 20091,7 M €↓
- 2008Annual accounts 20081,9 M €↑
- 2007Annual accounts 20071,8 M €↓
- 2006Annual accounts 200624,1 M €
- 03/04/1991IncorporationPublic limited company