ACTIVE

MADY

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Financial year 2025 · closed on 31/12/2025

Net result

213,4 k €

-25.5% YoY

Gross margin

1,5 M €

+4.9% YoY

Equity

1,3 M €

+4.6% YoY

Workforce

10,4 ETP

-10.3% YoY

What does MADY do?

MADY is a Private limited company incorporated in 2002. Its main activity is: Specialised construction activities. Its registered office is in Deinze. It employs on average 10,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.370.760

Incorporation

07/01/2002

Legal form

Private limited company

Registered office

Dentergemstraat 35 A
9800 Deinze · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

10,4 ETP

Activities (NACE)

43410Specialised construction activities· main 43910Roofing activities 45220Maintenance and repair of motor vehicles 43211Electrical installation 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,5 M €	+4.9%	1,4 M €	+11.3%	1,3 M €	-10.7%	1,5 M €	+13.9%	1,3 M €	-18.9%	1,6 M €	+9.2%	1,4 M €	-47.4%	2,7 M €	+91.0%	1,4 M €	-19.5%	1,8 M €	-19.6%	2,2 M €	+110%	1,1 M €	+37.0%	769,9 k €	+38.4%	556,3 k €	+6.8%	520,8 k €	+20.0%	434 k €	+17.5%	369,3 k €	+26.8%	291,1 k €
EBITDA	810,8 k €	+16.8%	694,2 k €	+35.4%	512,8 k €	+0.3%	511,2 k €	+138%	214,8 k €	-16.9%	258,5 k €	+2.9%	251,2 k €	-23.7%	329,1 k €	+102%	162,6 k €	-70.1%	544,5 k €	+121%	246 k €	+10.2%	223,1 k €	+82.0%	122,6 k €	-9.9%	136,1 k €	-21.3%	172,8 k €	+143%	71,2 k €	-4.8%	74,8 k €	+7.3%	69,7 k €
Operating result	531,7 k €	+23.4%	430,9 k €	+48.3%	290,5 k €	-14.1%	338,1 k €	+217%	106,8 k €	-45.3%	195,2 k €	+16.3%	167,8 k €	-6.5%	179,4 k €	+98.6%	90,4 k €	-79.1%	432,8 k €	+1180%	33,8 k €	-79.3%	163,6 k €	+238%	48,4 k €	-25.4%	64,8 k €	-44.1%	116 k €	+914%	11,4 k €	-38.2%	18,5 k €	-35.8%	28,8 k €
Net result	213,4 k €	-25.5%	286,2 k €	+36.8%	209,2 k €	-40.1%	349,3 k €	+210%	112,8 k €	-28.2%	157,1 k €	+9.7%	143,2 k €	-13.1%	164,8 k €	+129%	71,9 k €	-72.5%	261,5 k €	+5408%	4,7 k €	-96.0%	118,8 k €	+205%	39 k €	-23.2%	50,8 k €	-33.6%	76,5 k €	+2959%	2,5 k €	-82.3%	14,1 k €	-24.0%	18,6 k €
Balance sheet
Equity	1,3 M €	+4.6%	1,2 M €	+13.1%	1,1 M €	-17.3%	1,3 M €	+21.2%	1,1 M €	+11.6%	974,5 k €	+19.2%	817,4 k €	+21.2%	674,1 k €	-2.4%	690,7 k €	+11.6%	618,8 k €	+73.2%	357,3 k €	-3.7%	371,1 k €	+47.1%	252,3 k €	+18.3%	213,3 k €	+31.2%	162,6 k €	+88.9%	86,1 k €	+3.0%	83,6 k €	+20.3%	69,5 k €
Total assets	5 M €	+11.7%	4,5 M €	-11.5%	5,1 M €	+12.8%	4,5 M €	+55.0%	2,9 M €	-5.7%	3,1 M €	+40.3%	2,2 M €	-18.0%	2,7 M €	+68.6%	1,6 M €	+8.9%	1,5 M €	+15.6%	1,3 M €	+30.6%	966,1 k €	+14.4%	844,8 k €	+12.5%	750,7 k €	+22.9%	611 k €	+28.6%	475,1 k €	+7.8%	440,7 k €	+7.2%	411 k €
Cash	981,3 k €	+70.1%	576,8 k €	+4.7%	551 k €	+3.1%	534,4 k €	+8.8%	491,2 k €	+82.4%	269,3 k €	+100.0%	134,7 k €	-11.0%	151,4 k €	+253%	42,9 k €	-92.4%	563,7 k €	+544%	87,5 k €	+487%	14,9 k €	-68.8%	47,8 k €	-13.7%	55,4 k €	-70.7%	189,2 k €	+300%	47,3 k €	-34.3%	71,9 k €	-16.3%	85,9 k €
Debts	3,7 M €	+14.4%	3,3 M €	-18.2%	4 M €	+25.2%	3,2 M €	+75.2%	1,8 M €	-13.7%	2,1 M €	+52.8%	1,4 M €	-30.7%	2 M €	+122%	896,2 k €	+16.5%	769,2 k €	-15.0%	904,7 k €	+52.5%	593,4 k €	+0.4%	590,8 k €	+10.2%	536,1 k €	+19.8%	447,6 k €	+15.3%	388,3 k €	+9.2%	355,6 k €	+5.0%	338,5 k €
Other
Workforce	10,4 ETP	-10.3%	11,6 ETP	-11.5%	13,1 ETP	-27.2%	18,0 ETP	-15.9%	21,4 ETP	-17.1%	25,8 ETP	+9.8%	23,5 ETP	+2.6%	22,9 ETP	-11.9%	26,0 ETP	+4.8%	24,8 ETP	+2.5%	24,2 ETP	+39.9%	17,3 ETP	+23.6%	14,0 ETP	+35.9%	10,3 ETP	+39.2%	7,4 ETP	-7.5%	8,0 ETP	+15.9%	6,9 ETP	+23.2%	5,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Karim El Haouari

Director

Active

Ended mandates

Karim El Haouari

Director · since 01 avril 2019

Ended

Elmahdi El Haoari

Manager · since 18 janvier 2002

Ended

Elmahdi El Haouari

Director · since 18 janvier 2002 · until 31 mars 2019

Ended

Elmahdi EL HAOUARI

Mandate

Ended

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	01/01/2025	01/01/2024	01/01/2023	29/12/2021	29/12/2020	29/12/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	28/12/2021	28/12/2020
Length of the financial year	12 months	12 months	12 months	13 months	13 months	13 months
Filing date	30/06/2026	02/07/2025	27/06/2024	29/06/2023	30/06/2022	28/06/2021
General meeting	27/06/2026	28/06/2025	22/06/2024	24/06/2023	25/06/2022	26/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	28/06/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	22/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	29/06/2023	Dutch	PDF
Abridged model	28/12/2021	25/06/2022	30/06/2022	Dutch	PDF
Abridged model	28/12/2020	26/06/2021	28/06/2021	Dutch	PDF
Abridged model	28/12/2019	27/06/2020	02/07/2020	Dutch	PDF
Abridged model	29/12/2018	01/06/2019	06/06/2019	Dutch	PDF
Abridged model	31/12/2016	30/03/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	29/08/2016	Dutch	PDF
Abridged model	30/12/2014	25/06/2015	24/08/2015	Dutch	PDF
Abridged model	01/01/2013	23/09/2013	27/09/2013	Dutch	PDF
Abridged model	01/01/2012	15/06/2012	17/06/2012	Dutch	PDF
Abridged model	01/01/2011	30/08/2011	23/09/2011	Dutch	PDF
Abridged model	01/01/2010	30/07/2010	17/08/2010	Dutch	PDF
Abridged model	01/01/2009	30/06/2009	27/07/2009	Dutch	PDF
Abridged model	01/01/2008	16/07/2008	31/07/2008	Dutch	PDF
Abridged model	01/01/2007	16/07/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 5 ended

Active mandates

Karim El Haouari

Director

Active

Ended mandates

Karim El Haouari

Director · since 01 avril 2019

Ended

Elmahdi El Haoari

Manager · since 18 janvier 2002

Ended

Elmahdi El Haouari

Director · since 18 janvier 2002 · until 31 mars 2019

Ended

Elmahdi EL HAOUARI

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates08/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2018
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/04/2014
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025213,4 k €↓
2024
Annual accounts 2024286,2 k €↑
2023
Annual accounts 2023209,2 k €↓
2022
Annual accounts 2022349,3 k €↑
2021
Annual accounts 2021112,8 k €↓
2020
Annual accounts 2020157,1 k €↑
2019
Annual accounts 2019143,2 k €↓
2018
Annual accounts 2018164,8 k €↑
2016
Annual accounts 201671,9 k €↓
2015
Annual accounts 2015261,5 k €↑
2014
Annual accounts 20144,7 k €↓
2013
Annual accounts 2013118,8 k €↑
2012
Annual accounts 201239 k €↓
2011
Annual accounts 201150,8 k €↓
2010
Annual accounts 201076,5 k €↑
2009
Annual accounts 20092,5 k €↓
2008
Annual accounts 200814,1 k €↓
2007
Annual accounts 200718,6 k €
07/01/2002
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

MADY

Overview

What does MADY do?

Trend over 18 financial years

Indicative valuation

Board of directors

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