ACTIVE

MADESMA

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Financial year 2025 · closed on 31/12/2025

Net result

22,3 k €

-20.3% YoY

Gross margin

185,7 k €

+26.0% YoY

Equity

1,8 M €

+1.3% YoY

What does MADESMA do?

MADESMA is a Private limited company incorporated in 1992. Its main activity is: Freight transport by road. Its registered office is in Zulte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.632.027

Incorporation

09/11/1992

Legal form

Private limited company

Registered office

Visserijstraat 27
9870 Zulte · FlandreSee on map

Contributed capital

1 157 838,81 €

Latest accounts

31/12/2025

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities

Joint committees (2)

140
14204

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

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	185,7 k €	+26.0%	147,4 k €	-7.3%	159,1 k €	+42.2%	111,9 k €	+36.9%	81,7 k €	+9.6%	74,6 k €	-1.3%	75,5 k €	-1.7%	76,8 k €	-7.7%	83,2 k €	-2.8%	85,6 k €	-10.1%	95,2 k €	-4.2%	99,4 k €	+9.6%	90,7 k €	-6.7%	97,3 k €	+12.1%	86,8 k €	-11.8%	98,4 k €	+25.9%	78,1 k €	-59.5%	192,7 k €	+28.5%	149,9 k €	+109%	71,9 k €
EBITDA	170,6 k €	+28.0%	133,3 k €	-6.9%	143,2 k €	+34.1%	106,8 k €	+38.1%	77,3 k €	+10.1%	70,2 k €	-2.6%	72,1 k €	-1.8%	73,5 k €	-8.1%	79,9 k €	-2.9%	82,3 k €	-10.9%	92,4 k €	-2.3%	94,5 k €	+10.1%	85,9 k €	-7.2%	92,5 k €	+10.2%	84 k €	-9.3%	92,5 k €	+56.8%	59 k €	-3.8%	61,3 k €	+5.7%	58 k €	+0.4%	57,8 k €
Operating result	38,6 k €	-12.4%	44,1 k €	-36.0%	68,9 k €	+47.9%	46,6 k €	-11.0%	52,3 k €	+15.0%	45,5 k €	+9.8%	41,4 k €	-3.0%	42,7 k €	-10.5%	47,7 k €	-3.5%	49,5 k €	-17.0%	59,6 k €	-4.4%	62,3 k €	+4.2%	59,8 k €	+24.3%	48,1 k €	+14.2%	42,2 k €	-21.2%	53,6 k €	+71.8%	31,2 k €	+17.3%	26,6 k €	-36.7%	42 k €	+36.2%	30,8 k €
Net result	22,3 k €	-20.3%	28 k €	-7.7%	30,3 k €	+9.9%	27,6 k €	-17.5%	33,4 k €	+18.7%	28,2 k €	+21.0%	23,3 k €	-1.1%	23,5 k €	-6.8%	25,2 k €	+8.5%	23,3 k €	-25.5%	31,2 k €	-5.9%	33,2 k €	-3.2%	34,3 k €	+44.4%	23,7 k €	+59.6%	14,9 k €	-46.8%	27,9 k €	+36.0%	20,6 k €	-18.1%	25,1 k €	-3.5%	26 k €	+32.0%	19,7 k €
Balance sheet
Equity	1,8 M €	+1.3%	1,7 M €	+1.2%	1,7 M €	+212%	550,5 k €	+5.3%	522,6 k €	+6.8%	489,2 k €	+6.1%	461 k €	+5.3%	437,8 k €	+5.7%	414,2 k €	+6.5%	389 k €	+6.4%	365,7 k €	+9.3%	334,5 k €	+11.0%	301,3 k €	+12.8%	267 k €	+9.8%	243,3 k €	+6.5%	228,4 k €	+13.9%	200,5 k €	+11.4%	179,9 k €	+16.2%	154,8 k €	+20.2%	128,8 k €
Total assets	4,1 M €	+13.6%	3,6 M €	+28.4%	2,8 M €	+94.1%	1,4 M €	+68.8%	848,5 k €	-0.4%	851,5 k €	-1.4%	863,2 k €	-3.5%	894,6 k €	-4.0%	931,8 k €	-4.5%	975,8 k €	-2.8%	1 M €	-2.8%	1 M €	+7.0%	965,7 k €	-1.9%	984,5 k €	-5.2%	1 M €	-5.9%	1,1 M €	+76.8%	624,3 k €	+80.0%	346,8 k €	+47.6%	235 k €	+2.0%	230,5 k €
Cash	36,2 k €	+108%	17,4 k €	-79.2%	83,6 k €	+43.0%	58,5 k €	+4.7%	55,8 k €	-4.7%	58,6 k €	+127%	25,8 k €	-12.7%	29,5 k €	-11.5%	33,4 k €	-40.3%	55,9 k €	+0.5%	55,6 k €	-10.4%	62,1 k €	+82.2%	34,1 k €	+16.4%	29,3 k €	+107%	14,2 k €	-79.7%	69,8 k €	+12.3%	62,2 k €	-27.7%	86 k €	+4.1%	82,6 k €	+120%	37,5 k €
Debts	2,3 M €	+25.3%	1,8 M €	+72.3%	1,1 M €	+20.4%	881,5 k €	+171%	325,5 k €	-10.1%	361,9 k €	-9.9%	401,8 k €	-12.1%	456,9 k €	-11.7%	517,6 k €	-11.7%	586,4 k €	-8.1%	638 k €	-8.6%	698,4 k €	+5.1%	664,4 k €	-7.4%	717,5 k €	-9.8%	795,1 k €	-9.2%	875,4 k €	+107%	423,9 k €	+154%	166,9 k €	+108%	80,2 k €	-21.1%	101,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-88.0%	2,5 ETP	+25.0%	2,0 ETP	+567%	0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Stephan De Sloover

Director

Active

Vicky Naessens

Mandate

Active

Ended mandates

STEPHAN DE SLOOVER

Director · since 28 février 2003

Ended

STEPHAN DE SLOOVER

Administrator - manager · since 28 février 2003

Ended

STEPHAN DE SLOOVER

Manager · since 28 février 2003

Ended

SUZANNE JONCKHEERE

Administrator - manager · since 28 février 2003

Ended

At this address

Other companies at this address

Company	CBE no.
MADESMA STABLES● Active	0759.705.483
MARION I● Active	1013.442.538
MARION II● Active	1021.556.587

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	09/07/2026	19/05/2025	12/06/2024	07/07/2023	30/05/2022	16/07/2021
General meeting	30/06/2026	10/05/2025	11/05/2024	14/06/2023	14/05/2022	08/05/2021
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	30/06/2026	09/07/2026	Dutch	PDF
Micro model	31/12/2024	10/05/2025	19/05/2025	Dutch	PDF
Micro model	31/12/2023	11/05/2024	12/06/2024	Dutch	PDF
Micro model	31/12/2022	14/06/2023	07/07/2023	Dutch	PDF
Micro model	31/12/2021	14/05/2022	30/05/2022	Dutch	PDF
Micro model	31/12/2020	08/05/2021	16/07/2021	Dutch	PDF
Micro model	31/12/2019	09/05/2020	01/07/2020	Dutch	PDF
Micro model	31/12/2018	11/05/2019	20/08/2019	Dutch	PDF
Micro model	31/12/2017	12/05/2018	31/05/2018	Dutch	PDF
Micro model	31/12/2016	29/07/2017	17/08/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	20/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	17/07/2014	Dutch	PDF
Abridged model	31/12/2012	11/05/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	12/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	09/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/05/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 6 ended

Active mandates

Stephan De Sloover

Director

Active

Vicky Naessens

Mandate

Active

Ended mandates

STEPHAN DE SLOOVER

Director · since 28 février 2003

Ended

STEPHAN DE SLOOVER

Administrator - manager · since 28 février 2003

Ended

STEPHAN DE SLOOVER

Manager · since 28 février 2003

Ended

SUZANNE JONCKHEERE

Administrator - manager · since 28 février 2003

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/05/2025
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares31/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates27/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring17/05/2023
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring15/06/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/10/2012
MAATSCHAPPELIJKE ZETEL
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 202522,3 k €↓
2024
Annual accounts 202428 k €↓
2023
Annual accounts 202330,3 k €↑
2022
Annual accounts 202227,6 k €↓
2021
Annual accounts 202133,4 k €↑
2020
Annual accounts 202028,2 k €↑
2019
Annual accounts 201923,3 k €↓
2018
Annual accounts 201823,5 k €↓
2017
Annual accounts 201725,2 k €↑
2016
Annual accounts 201623,3 k €↓
2015
Annual accounts 201531,2 k €↓
2014
Annual accounts 201433,2 k €↓
2013
Annual accounts 201334,3 k €↑
2012
Annual accounts 201223,7 k €↑
2011
Annual accounts 201114,9 k €↓
2011
Name changeMadesma
2010
Annual accounts 201027,9 k €↑
2009
Annual accounts 200920,6 k €↓
2008
Annual accounts 200825,1 k €↓
2007
Annual accounts 200726 k €↑
2006
Annual accounts 200619,7 k €
2006
Name changeTRANS IVAN
09/11/1992
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

MADESMA

Overview

What does MADESMA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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