ACTIVE

MADISIM

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result494,8 k €-24,6 %over 1 year

Revenue1 M €-4,0 %over 1 year

Equity4,7 M €+11,7 %over 1 year

Workforce1,9 ETP+72,7 %over 1 year

Identity

Source · BCE/KBO

MADISIM is a Public limited company incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Beyne-Heusay. It employs on average 1,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0508.534.772
Incorporation: 18/12/2012
Legal form: Public limited company
Registered office: Rue Albert 1er 43
4610 Beyne-Heusay · WallonieSee on map
Contributed capital: 200 000,00 €
Latest accounts: 31/12/2025
Average workforce: 1,9 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 13 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1 M €	-4.0%	1,1 M €	+0.8%	1,1 M €	+19.9%	889,2 k €	+13.2%	785,6 k €
EBITDA	682,1 k €	-16.7%	819 k €	-4.2%	855,1 k €	+32.2%	647 k €	+0.6%	642,9 k €
Operating result	681,3 k €	-16.8%	818,5 k €	-4.2%	854,6 k €	+32.2%	646,6 k €	+0.9%	640,9 k €
Net result	494,8 k €	-24.6%	656 k €	+1.7%	644,8 k €	-22.4%	831,2 k €	+31.1%	634,2 k €
Balance sheet
Equity	4,7 M €	+11.7%	4,2 M €	+18.3%	3,6 M €	+19.1%	3 M €	+38.2%	2,2 M €
Total assets	4,8 M €	+10.0%	4,4 M €	+16.3%	3,8 M €	+17.2%	3,2 M €	+21.3%	2,6 M €
Cash	217,9 k €	+2.1%	213,5 k €	-78.3%	983,4 k €	+568%	147,2 k €	+99.0%	74 k €
Debts	72,9 k €	+10.9%	65,8 k €	-51.4%	135,4 k €	-8.0%	147,1 k €	-68.4%	464,9 k €
Other
Workforce	1,9 ETP	+72.7%	1,1 ETP	+10.0%	1,0 ETP	+11.1%	0,9 ETP	+80.0%	0,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pierre Conrardy	DirectorManaging director18/12/2012 → 18/12/2018ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniel Conrardy	Director14/05/2018 → 2021 accounts
Danniel Conrardy	Director18/12/2012 → 18/12/2018

Other companies at this address

Rue Albert 1er 43 4610 Beyne-Heusay

Company	CBE no.
DALIMAR● Active	0508.744.016
IMMO BEYNE● Active	0790.959.180
ODYSSEY● Active	0458.006.878

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged 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	07/07/2026	28/06/2025	26/06/2024	05/07/2023	04/05/2022	30/08/2021
General meeting	30/06/2026	05/02/2025	20/02/2024	15/03/2023	24/03/2022	10/05/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	07/07/2026	French	PDF
Full model	31/12/2024	05/02/2025	28/06/2025	French	PDF
Full model	31/12/2023	20/02/2024	26/06/2024	French	PDF
Full model	31/12/2022	15/03/2023	05/07/2023	French	PDF
Full model	31/12/2021	24/03/2022	04/05/2022	French	PDF
Abridged model	31/12/2020	10/05/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	11/05/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	13/05/2019	17/06/2019	French	PDF
Abridged model	31/12/2017	14/05/2018	17/07/2018	French	PDF
Abridged model	31/12/2016	08/05/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	09/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	11/05/2015	21/08/2015	French	PDF
Abridged model	31/12/2013	12/05/2014	24/07/2014	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pierre Conrardy	DirectorManaging director18/12/2012 → 18/12/2018ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniel Conrardy	Director14/05/2018 → 2021 accounts
Danniel Conrardy	Director18/12/2012 → 18/12/2018

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/11/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates27/08/2018
DEMISSIONS, NOMINATIONS
PDF
Other20/12/2012
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

PIERRE CONRARDY

Daniel Conrardy

Danniel Conrardy

201220132014201520162017201820192020202120222023202420252026

MADISIM

Rue Albert 1er 43, 4610 Beyne-Heusay

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Albert 1er 43, 4610 Beyne-HeusayCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00270478

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MADISIMCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00270478

Events

2025
Annual accounts 2025494,8 k €↓
2024
Annual accounts 2024656 k €↑
2023
Annual accounts 2023644,8 k €↓
2022
Annual accounts 2022831,2 k €↑
2021
Annual accounts 2021634,2 k €↑
2020
Annual accounts 2020307,7 k €↑
2019
Annual accounts 2019209,6 k €↓
2018
Annual accounts 2018235,4 k €↑
2017
Annual accounts 201788,2 k €↓
2016
Annual accounts 2016283,6 k €↑
2015
Annual accounts 2015196,6 k €↑
2014
Annual accounts 201481,8 k €↑
2013
Annual accounts 201365,9 k €
18/12/2012
IncorporationPublic limited company

MADISIM

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events