ACTIVE

MADB

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Financial year 2025 · closed on 30/09/2025
Net result
114,7 k €
-35.9% YoY
Gross margin
487,7 k €
-7.7% YoY
Equity
432,7 k €
-5.0% YoY
Workforce
4,8 ETP
+4.3% YoY

What does MADB do?

MADB is a Private limited company incorporated in 2018. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Sint-Niklaas. It employs on average 4,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0691.975.234
Incorporation
13/03/2018
Legal form
Private limited company
Registered office
August De Boeckstraat 7 box E
9100 Sint-Niklaas · FlandreSee on map
Contributed capital
275 000,00 €
Latest accounts
30/09/2025
Average workforce
4,8 ETP
Activities (NACE)
47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main47114Retail sale in non-specialised stores with food, beverages or tobacco predominating
Joint committees (1)
  • 201
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin487,7 k €528,6 k €585,3 k €251 k €367,7 k €412 k €612,3 k €
EBITDA299,7 k €361 k €376,3 k €91,6 k €282,8 k €268,3 k €466,8 k €
Operating result192,2 k €220 k €235,5 k €-40,8 k €148 k €99,1 k €139,2 k €
Net result114,7 k €179 k €265,6 k €-14 k €136,2 k €94 k €138,8 k €
Balance sheet
Equity432,7 k €455,4 k €595,4 k €529,8 k €543,9 k €507,7 k €413,8 k €
Total assets1,9 M €2 M €2,5 M €2,1 M €2,2 M €2,1 M €2 M €
Cash36,9 k €155,1 k €30,7 k €53,2 k €16,4 k €13,7 k €95,8 k €
Debts1,5 M €1,5 M €1,9 M €1,6 M €1,6 M €1,6 M €1,6 M €
Other
Workforce4,8 ETP4,6 ETP5,4 ETP5,9 ETP2,8 ETP4,4 ETP3,2 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 30/09/2025 · 2 active · 1 ended

Active mandates

BASTIJNS INVESTMENT & MANAGEMENT COMPANY

Director · 0827.367.438

Represented by Ive Bastijns

Active
Liesbeth Deprest

Director

Active

Ended mandates

Ive Bastijns

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/04/202615/05/202531/05/202426/05/202328/04/202230/04/2021
General meeting17/03/202618/03/202519/03/202421/03/202315/03/202216/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202517/03/202628/04/2026DutchPDF
Abridged model30/09/202418/03/202515/05/2025DutchPDF
Abridged model30/09/202319/03/202431/05/2024DutchPDF
Abridged model30/09/202221/03/202326/05/2023DutchPDF
Abridged model30/09/202115/03/202228/04/2022DutchPDF
Abridged model30/09/202016/03/202130/04/2021DutchPDF
Abridged model30/09/201917/03/202030/04/2020DutchPDF
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 30/09/2025 · 2 active · 1 ended

Active mandates

BASTIJNS INVESTMENT & MANAGEMENT COMPANY

Director · 0827.367.438

Represented by Ive Bastijns

Active
Liesbeth Deprest

Director

Active

Ended mandates

Ive Bastijns

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office17/11/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office05/07/2018
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
    PDF
  • Other15/03/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025114,7 k €↓
  2. 2024
    Annual accounts 2024179 k €↓
  3. 2023
    Annual accounts 2023265,6 k €↑
  4. 2022
    Annual accounts 2022-14 k €↓
  5. 2021
    Annual accounts 2021136,2 k €↑
  6. 2020
    Annual accounts 202094 k €↓
  7. 2019
    Annual accounts 2019138,8 k €
  8. 13/03/2018
    IncorporationPrivate limited company