ACTIVE

MADANI

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Financial year 2025 · closed on 31/12/2025

Net result

-46,7 k €

-367.9% YoY

Gross margin

56,7 k €

-28.6% YoY

Equity

76,5 k €

-37.9% YoY

What does MADANI do?

MADANI is a Private limited company incorporated in 2000. Its main activity is: Retail sale of second-hand goods in stores. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.516.208

Incorporation

27/03/2000

Legal form

Private limited company

Registered office

Avenue Brugmann 345
1180 Uccle · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

47791Retail sale of second-hand goods in stores· main 47791Retail sale of second-hand goods in stores 52501Warehousing and support activities for transportation 86230Dental practice activities 86230Dental practice activities 46900Non-specialised wholesale trade+5

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

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Health score

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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	56,7 k €	-28.6%	79,4 k €	+89.7%	41,9 k €	-48.8%	81,7 k €	+73.4%	47,2 k €	-37.6%	75,6 k €	-30.5%	108,8 k €	+23.8%	87,9 k €	-13.2%	101,3 k €	+30.6%	77,5 k €	+1.4%	76,5 k €	-8.1%	83,2 k €	-9.4%	91,9 k €	+23.9%	74,2 k €	-15.7%	88 k €	+38.6%	63,5 k €	+68.8%	37,6 k €	+31.4%	28,6 k €	+15.8%	24,7 k €	-11.8%	28 k €
EBITDA	40 k €	-38.9%	65,4 k €	+167%	24,5 k €	-66.4%	72,9 k €	+65.7%	44 k €	-37.9%	70,9 k €	-24.7%	94,2 k €	+25.2%	75,2 k €	-15.4%	88,9 k €	+45.5%	61,1 k €	-8.9%	67,1 k €	-12.8%	76,9 k €	-10.1%	85,6 k €	+25.4%	68,3 k €	-16.6%	81,9 k €	+4.5%	78,3 k €	+149%	31,4 k €	+42.4%	22,1 k €	+21.2%	18,2 k €	-19.1%	22,5 k €
Operating result	34,5 k €	-42.8%	60,3 k €	+223%	18,7 k €	-71.4%	65,4 k €	+101%	32,5 k €	-46.7%	60,9 k €	-27.6%	84,2 k €	+29.3%	65,1 k €	-17.7%	79,2 k €	+54.1%	51,4 k €	-7.0%	55,2 k €	-14.7%	64,8 k €	-8.5%	70,8 k €	+32.1%	53,6 k €	-21.1%	67,9 k €	+5.6%	64,3 k €	+171%	23,7 k €	+83.8%	12,9 k €	+261%	3,6 k €	-57.4%	8,4 k €
Net result	-46,7 k €	-368%	17,4 k €	+31.3%	13,3 k €	+10.8%	12 k €	-47.9%	23 k €	-46.4%	42,9 k €	-22.4%	55,2 k €	+24.7%	44,3 k €	-22.8%	57,4 k €	+27.2%	45,1 k €	-1.7%	45,9 k €	-9.4%	50,7 k €	-13.3%	58,5 k €	+27.6%	45,9 k €	-18.9%	56,6 k €	+6.8%	53 k €	+233%	15,9 k €	+46.6%	10,9 k €	+10632%	101,2 €	-98.7%	7,7 k €
Balance sheet
Equity	76,5 k €	-37.9%	123,2 k €	+16.5%	105,8 k €	+14.4%	92,5 k €	+14.9%	80,5 k €	+39.9%	57,6 k €	+90.3%	30,3 k €	+21.0%	25 k €	-72.4%	90,7 k €	-72.8%	333,3 k €	+15.7%	288,1 k €	+19.0%	242,2 k €	+26.5%	191,5 k €	+25.2%	153 k €	+20.3%	127,1 k €	+40.4%	90,5 k €	+57.3%	57,6 k €	+38.2%	41,6 k €	+35.3%	30,8 k €	+0.3%	30,7 k €
Total assets	91,6 k €	-35.6%	142,2 k €	+13.9%	124,8 k €	+0.8%	123,9 k €	-8.2%	134,9 k €	+8.8%	124 k €	+19.2%	104 k €	-5.9%	110,6 k €	-37.1%	175,7 k €	-68.1%	550,1 k €	+47.4%	373,2 k €	+21.3%	307,6 k €	+11.1%	276,8 k €	+22.8%	225,4 k €	+4.8%	215,1 k €	+7.1%	200,9 k €	+44.9%	138,6 k €	+141%	57,4 k €	+2.7%	55,9 k €	-10.6%	62,5 k €
Cash	7,7 k €	-55.2%	17,1 k €	+242%	5 k €	-54.1%	10,9 k €	-19.3%	13,5 k €	-51.7%	28 k €	+91.3%	14,6 k €	-27.1%	20,1 k €	+447%	3,7 k €	-53.3%	7,9 k €	-23.7%	10,3 k €	-12.2%	11,7 k €	-10.0%	13 k €	+58.1%	8,3 k €	+27.0%	6,5 k €	+8.9%	6 k €	-6.3%	6,4 k €	+48.1%	4,3 k €	+454%	774,9 €	-23.3%	1 k €
Debts	15,1 k €	-20.6%	19 k €	-0.3%	19 k €	-39.4%	31,4 k €	-42.4%	54,4 k €	-18.1%	66,5 k €	-9.9%	73,8 k €	-13.1%	84,9 k €	+1.5%	83,6 k €	-61.4%	216,8 k €	+155%	85,1 k €	+30.1%	65,4 k €	-23.4%	85,4 k €	+17.9%	72,4 k €	-17.6%	87,9 k €	-20.3%	110,3 k €	+36.1%	81,1 k €	+414%	15,8 k €	-37.2%	25,1 k €	-21.1%	31,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,4 ETP	-20.0%	0,5 ETP	+66.7%	0,3 ETP	+50.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 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 · 1 active · 1 ended

Active mandates

Madani Shiva

Mandate

Active

Ended mandates

Shiva Madani

Manager

Ended

At this address

Other companies at this address

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Comptoir d'Achat Bruxelles● Active	0409.296.943
Eurobrussels Media● Active	0536.796.416
Polydent 4S Holding● Active	0668.491.336
Radio Vibration● Active	0476.851.307

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	03/07/2026	24/07/2025	24/07/2024	25/08/2023	24/08/2022	27/08/2021
General meeting	20/06/2026	20/06/2025	17/06/2024	17/06/2023	17/06/2022	18/06/2021
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	20/06/2026	03/07/2026	French	PDF
Micro model	31/12/2024	20/06/2025	24/07/2025	French	PDF
Micro model	31/12/2023	17/06/2024	24/07/2024	French	PDF
Micro model	31/12/2022	17/06/2023	25/08/2023	French	PDF
Micro model	31/12/2021	17/06/2022	24/08/2022	French	PDF
Micro model	31/12/2020	18/06/2021	27/08/2021	French	PDF
Micro model	31/12/2019	19/06/2020	26/10/2020	French	PDF
Micro model	31/12/2018	15/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	22/08/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	06/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	08/08/2008	French	PDF
Abridged model	31/12/2006	26/06/2007	08/08/2007	French	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 · 1 active · 1 ended

Active mandates

Madani Shiva

Mandate

Active

Ended mandates

Shiva Madani

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/05/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other12/10/2005
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

2025
Annual accounts 2025-46,7 k €↓
2024
Annual accounts 202417,4 k €↑
2023
Annual accounts 202313,3 k €↑
2022
Annual accounts 202212 k €↓
2021
Annual accounts 202123 k €↓
2020
Annual accounts 202042,9 k €↓
2019
Annual accounts 201955,2 k €↑
2018
Annual accounts 201844,3 k €↓
2017
Annual accounts 201757,4 k €↑
2016
Annual accounts 201645,1 k €↓
2015
Annual accounts 201545,9 k €↓
2014
Annual accounts 201450,7 k €↓
2013
Annual accounts 201358,5 k €↑
2012
Annual accounts 201245,9 k €↓
2011
Annual accounts 201156,6 k €↑
2010
Annual accounts 201053 k €↑
2009
Annual accounts 200915,9 k €↑
2008
Annual accounts 200810,9 k €↑
2007
Annual accounts 2007101,2 €↓
2006
Annual accounts 20067,7 k €
27/03/2000
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

MADANI

Overview

What does MADANI 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