ACTIVE

MADRAS

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Financial year 2025 · closed on 31/12/2025
Net result
-62,1 k €
-188.8% YoY
Gross margin
472,1 k €
-23.3% YoY
Equity
-34,1 k €
-221.7% YoY

What does MADRAS do?

MADRAS is a Non-profit organization incorporated in 1994. Its main activity is: Other human health activities. Its registered office is in La Louvière.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0454.587.233
Incorporation
23/12/1994
Legal form
Non-profit organization
Registered office
Rue Ernest Milcamps(L.L) 26/1
7100 La Louvière · WallonieSee on map
Latest accounts
31/12/2025
Activities (NACE)
86904Other human health activities· main86932Other human health activities
Joint committees (1)
  • 31902
Contacts
2 public details availableLog in to view
Signals
Good liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin472,1 k €615,2 k €543,1 k €409,7 k €
EBITDA-60,7 k €73,2 k €-9 k €-2,7 k €
Operating result-63 k €69,9 k €-13,2 k €-6 k €
Net result-62,1 k €69,9 k €-12,2 k €-5,6 k €
Balance sheet
Equity-34,1 k €28 k €-41,9 k €-28,9 k €
Total assets352,1 k €254,2 k €272,3 k €318,3 k €
Cash276,5 k €215,5 k €246,5 k €284,1 k €
Debts86,1 k €76 k €84,6 k €63,5 k €
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 3 ended

Active mandates

Danielle Hauman

Chairman of the board of directors · since 19 mai 2025

Active
Laurent Clairbois

Director · since 19 mai 2025

Active
Antonin Panier

Director · since 22 mai 2023

Active
Claude Florival

Director · since 22 mai 2023

Active
Jean-Marie Huet

Director · since 22 mai 2023

Active
inclusion

Director · since 24 juin 2019 · 0441.427.501

Represented by Danielle Hauman

Active

Ended mandates

Bernard De Smedt

Chairman of the board of directors · since 22 mai 2023

Ended
Laurence Dobrange

Director · since 22 mai 2023

Ended
Les Services d’Inclusion fondation privée

Chairman of the board of directors · since 24 juin 2019 · 0677.658.331

Represented by Bernard De Smedt

Ended
Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/2022
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months12 months
Filing date18/06/202616/06/202514/06/202423/06/2023
General meeting20/05/202619/05/202523/05/202422/05/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202520/05/202618/06/2026FrenchPDF
Micro model31/12/202419/05/202516/06/2025FrenchPDF
Micro model31/12/202323/05/202414/06/2024FrenchPDF
Micro model31/12/202222/05/202323/06/2023FrenchPDF
Estimate

Indicative valuation

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 · 6 active · 3 ended

Active mandates

Danielle Hauman

Chairman of the board of directors · since 19 mai 2025

Active
Laurent Clairbois

Director · since 19 mai 2025

Active
Antonin Panier

Director · since 22 mai 2023

Active
Claude Florival

Director · since 22 mai 2023

Active
Jean-Marie Huet

Director · since 22 mai 2023

Active
inclusion

Director · since 24 juin 2019 · 0441.427.501

Represented by Danielle Hauman

Active

Ended mandates

Bernard De Smedt

Chairman of the board of directors · since 22 mai 2023

Ended
Laurence Dobrange

Director · since 22 mai 2023

Ended
Les Services d’Inclusion fondation privée

Chairman of the board of directors · since 24 juin 2019 · 0677.658.331

Represented by Bernard De Smedt

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office30/10/2024
    SIEGE SOCIAL
    PDF
  • Mandates29/06/2023
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates25/11/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/07/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/07/2017
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates28/04/2015
    DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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

Timeline

  1. 2025
    Annual accounts 2025-62,1 k €↓
  2. 2024
    Annual accounts 202469,9 k €↑
  3. 2023
    Annual accounts 2023-12,2 k €↓
  4. 2022
    Annual accounts 2022-5,6 k €
  5. 23/12/1994
    IncorporationNon-profit organization