ACTIVE

MADRON

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Financial year 2025 · closed on 30/06/2025

Net result

411,4 k €

+51.7% YoY

Gross margin

179,4 k €

-26.8% YoY

Equity

6,9 M €

+5.1% YoY

Workforce

0,0 ETP

What does MADRON do?

MADRON is a Public limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Halle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0469.351.425

Incorporation

07/01/2000

Legal form

Public limited company

Registered office

Devilléstraat (Isidore) 71
1500 Halle · FlandreSee on map

Contributed capital

1 350 000,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	179,4 k €	-26.8%	245,1 k €	-38.3%	397,4 k €	+8.7%	365,6 k €	-20.0%	456,9 k €	+47.1%	310,7 k €	-1.4%	315,2 k €	-3.6%	326,8 k €	-24.6%	433,7 k €	-1.2%	439 k €	+39.2%	315,3 k €	-8.7%	345,2 k €	+4.6%	329,9 k €	+4.2%	316,7 k €	+6.8%	296,6 k €	+57.6%	188,3 k €	+15.4%	163,1 k €	+16.0%	140,6 k €	+35.7%	103,6 k €
EBITDA	172,2 k €	-27.8%	238,4 k €	-23.3%	310,7 k €	+6.1%	292,7 k €	-24.2%	386 k €	+61.2%	239,4 k €	-3.8%	248,9 k €	-6.5%	266,2 k €	-28.2%	370,8 k €	-1.9%	378,1 k €	+21.2%	312 k €	-8.1%	339,5 k €	+4.2%	325,9 k €	+3.9%	313,7 k €	+6.5%	294,7 k €	+58.1%	186,3 k €	+16.0%	160,6 k €	+16.3%	138,1 k €	+36.6%	101,2 k €
Operating result	147,2 k €	-32.5%	218 k €	-22.9%	282,9 k €	+7.0%	264,5 k €	-25.3%	354,2 k €	+69.5%	209 k €	-4.5%	218,8 k €	-10.0%	243 k €	-30.1%	347,5 k €	-1.4%	352,5 k €	+26.7%	278,3 k €	-9.0%	305,8 k €	+4.5%	292,5 k €	+25.7%	232,6 k €	-20.8%	293,8 k €	+64.5%	178,6 k €	+16.5%	153,3 k €	+17.6%	130,4 k €	+40.2%	93 k €
Net result	411,4 k €	+51.7%	271,1 k €	-21.2%	344,3 k €	+0.1%	344 k €	+7.4%	320,2 k €	+113%	150,5 k €	-9.7%	166,6 k €	+5.4%	158 k €	-61.8%	414 k €	-10.9%	464,6 k €	+8.8%	427,1 k €	-11.6%	483,1 k €	-12.7%	553,2 k €	-14.2%	644,6 k €	-11.0%	724,7 k €	+156%	283,5 k €	+11.4%	254,6 k €	+19.9%	212,3 k €	+40.1%	151,6 k €
Balance sheet
Equity	6,9 M €	+5.1%	6,6 M €	+3.1%	6,4 M €	+5.6%	6,1 M €	+5.8%	5,7 M €	+5.7%	5,4 M €	+2.7%	5,3 M €	+3.1%	5,1 M €	+3.2%	5 M €	+9.1%	4,6 M €	+11.4%	4,1 M €	+11.7%	3,7 M €	+10.7%	3,3 M €	+20.1%	2,8 M €	+30.5%	2,1 M €	+52.3%	1,4 M €	+25.7%	1,1 M €	+30.0%	847,4 k €	+33.4%	635 k €
Total assets	7,2 M €	+4.9%	6,8 M €	+2.6%	6,7 M €	+5.5%	6,3 M €	+5.2%	6 M €	+6.3%	5,7 M €	+2.7%	5,5 M €	+3.1%	5,3 M €	+2.6%	5,2 M €	+8.5%	4,8 M €	+11.9%	4,3 M €	+10.9%	3,9 M €	+8.7%	3,6 M €	+20.0%	3 M €	+21.0%	2,4 M €	+54.6%	1,6 M €	+21.7%	1,3 M €	+24.0%	1 M €	+24.7%	841,9 k €
Cash	1,2 M €	-27.2%	1,7 M €	+26.4%	1,4 M €	+19.2%	1,1 M €	+34.6%	844,6 k €	-33.1%	1,3 M €	+24.8%	1 M €	+34.0%	755,1 k €	+57.0%	480,8 k €	+63.8%	293,6 k €	+70.9%	171,8 k €	-64.9%	489,2 k €	+116%	226,5 k €	+50.1%	150,9 k €	-55.4%	338,6 k €	-4.2%	353,6 k €	+385%	72,9 k €	-7.5%	78,9 k €	+108%	37,9 k €
Debts	227,5 k €	+4.3%	218,1 k €	-10.5%	243,6 k €	+3.2%	236 k €	-9.5%	261 k €	+16.2%	224,6 k €	+2.0%	220,2 k €	+3.8%	212,2 k €	-10.5%	237,2 k €	-1.7%	241,4 k €	+22.8%	196,6 k €	-3.5%	203,7 k €	-17.9%	248 k €	+19.4%	207,7 k €	-38.4%	337 k €	+71.5%	196,5 k €	-0.6%	197,7 k €	-1.3%	200,3 k €	-1.9%	204,2 k €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 18 ended

Active mandates

Paul Denayer

Persoon belast met dagelijks bestuur · since 27 octobre 2023 · until 27 octobre 2029

Active

Dominique Merckx

Director · since 27 octobre 2013 · until 27 octobre 2029

Active

Ended mandates

Dominique Merckx

Director · since 27 octobre 2023 · until 26 octobre 2029

Ended

Dominique Merckx

Director · since 27 octobre 2023 · until 27 octobre 2029

Ended

Paul Denayer

Director · since 27 octobre 2023 · until 26 octobre 2029

Ended

Dominique Merckx

Director · since 29 décembre 2017 · until 11 février 2023

Ended

At this address

Other companies at this address

Company	CBE no.
HALIMMO● Active	0459.441.884

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	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/12/2025	26/12/2024	20/12/2023	07/12/2022	24/12/2021	29/01/2021
General meeting	05/12/2025	06/12/2024	01/12/2023	02/12/2022	03/12/2021	31/12/2020
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	05/12/2025	16/12/2025	Dutch	PDF
Abridged model	30/06/2024	06/12/2024	26/12/2024	Dutch	PDF
Abridged model	30/06/2023	01/12/2023	20/12/2023	Dutch	PDF
Abridged model	30/06/2022	02/12/2022	07/12/2022	Dutch	PDF
Abridged model	30/06/2021	03/12/2021	24/12/2021	Dutch	PDF
Abridged model	30/06/2020	31/12/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	31/12/2019	30/01/2020	Dutch	PDF
Micro model	30/06/2018	31/12/2018	30/01/2019	Dutch	PDF
Abridged model	30/06/2017	29/12/2017	24/01/2018	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	29/12/2016	Dutch	PDF
Abridged model	30/06/2015	24/12/2015	08/01/2016	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	22/12/2014	Dutch	PDF
Abridged model	30/06/2013	31/12/2013	31/01/2014	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	25/01/2013	Dutch	PDF
Abridged model	30/06/2011	30/12/2011	30/01/2012	Dutch	PDF
Abridged model	30/06/2010	03/12/2010	23/12/2010	Dutch	PDF
Abridged model	30/06/2009	30/12/2009	28/01/2010	Dutch	PDF
Abridged model	30/06/2008	05/12/2008	17/12/2008	Dutch	PDF
Abridged model	30/06/2007	28/12/2007	11/01/2008	Dutch	PDF
Abridged model	30/06/2006	22/12/2006	12/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

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 30/06/2025 · 2 active · 18 ended

Active mandates

Paul Denayer

Persoon belast met dagelijks bestuur · since 27 octobre 2023 · until 27 octobre 2029

Active

Dominique Merckx

Director · since 27 octobre 2013 · until 27 octobre 2029

Active

Ended mandates

Dominique Merckx

Director · since 27 octobre 2023 · until 26 octobre 2029

Ended

Dominique Merckx

Director · since 27 octobre 2023 · until 27 octobre 2029

Ended

Paul Denayer

Director · since 27 octobre 2023 · until 26 octobre 2029

Ended

Dominique Merckx

Director · since 29 décembre 2017 · until 11 février 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/08/2014
KAPITAAL - AANDELEN
PDF
Mandates30/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/08/2006
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/02/2006
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 2025411,4 k €↑
2024
Annual accounts 2024271,1 k €↓
2023
Annual accounts 2023344,3 k €↑
2022
Annual accounts 2022344 k €↑
2021
Annual accounts 2021320,2 k €↑
2020
Annual accounts 2020150,5 k €↓
2019
Annual accounts 2019166,6 k €↑
2018
Annual accounts 2018158 k €↓
2017
Annual accounts 2017414 k €↓
2016
Annual accounts 2016464,6 k €↑
2015
Annual accounts 2015427,1 k €↓
2014
Annual accounts 2014483,1 k €↓
2013
Annual accounts 2013553,2 k €↓
2012
Annual accounts 2012644,6 k €↓
2011
Annual accounts 2011724,7 k €↑
2010
Annual accounts 2010283,5 k €↑
2009
Annual accounts 2009254,6 k €↑
2008
Annual accounts 2008212,3 k €↑
2007
Annual accounts 2007151,6 k €
07/01/2000
IncorporationPublic 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

MADRON

Overview

What does MADRON do?

Trend over 19 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