NORMAL SITUATION

MADE

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Financial year 2025 · closed on 30/06/2025

Net result

-44,5 k €

+90.9% YoY

Gross margin

1,2 M €

-10.7% YoY

Equity

90,2 k €

-33.0% YoY

Workforce

13,8 ETP

-7.4% YoY

Company — Normal situation.

What does MADE do?

MADE is a company registered in Belgium. It employs on average 13,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0809.023.055

Legal form

Private limited company

Contributed capital

4 883,00 €

Latest accounts

30/06/2025

Average workforce

13,8 ETP

Joint committees (3)

Signals

Good liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	1,2 M €	-10.7%	1,3 M €	-33.1%	1,9 M €	+3.3%	1,9 M €	+18.0%	1,6 M €	+47.5%	1,1 M €	+19.0%	910,5 k €	+65.7%	549,6 k €	+2.8%	534,7 k €	+12.9%	473,7 k €	+30.4%	363,4 k €	+68.3%	215,9 k €	+155%	84,7 k €	+54.1%	55 k €	+298%	13,8 k €	-1.3%	14 k €
EBITDA	-3 k €	+99.3%	-451,1 k €	-331%	195 k €	+62.7%	119,8 k €	-61.9%	314,6 k €	+106%	152,6 k €	-42.9%	267 k €	+394%	54,1 k €	-71.6%	190,6 k €	-23.9%	250,4 k €	+19.9%	208,8 k €	+96.3%	106,4 k €	+362%	23 k €	+44.0%	16 k €	+235%	4,8 k €	-65.9%	14 k €
Operating result	-31,8 k €	+93.2%	-471,7 k €	-534%	108,7 k €	+179%	39 k €	-82.7%	225,8 k €	+250%	64,5 k €	-63.4%	176,4 k €	+1032%	-18,9 k €	-111%	172,5 k €	-26.5%	234,7 k €	+29.6%	181 k €	+87.1%	96,7 k €	+746%	11,4 k €	+173%	4,2 k €	+203%	-4,1 k €	-243%	2,8 k €
Net result	-44,5 k €	+90.9%	-490,9 k €	-958%	57,2 k €	+1095%	-5,8 k €	-105%	127,8 k €	+321%	30,3 k €	-70.2%	101,8 k €	+417%	19,7 k €	-86.0%	140,7 k €	-29.9%	200,8 k €	+47.3%	136,3 k €	+119%	62,3 k €	+1198%	4,8 k €	+70.5%	2,8 k €	+153%	-5,4 k €	-182%	6,5 k €
Balance sheet
Equity	90,2 k €	-33.0%	134,7 k €	-78.5%	625,6 k €	-16.0%	744,5 k €	-1.0%	752,1 k €	+19.3%	630,3 k €	+5.1%	600 k €	+18.6%	505,7 k €	-2.6%	519 k €	+37.2%	378,3 k €	+113%	177,5 k €	+149%	71,2 k €	+695%	9 k €	+115%	4,2 k €	+208%	1,4 k €	-79.8%	6,7 k €
Total assets	675,3 k €	-48.0%	1,3 M €	+1.7%	1,3 M €	-41.9%	2,2 M €	-5.0%	2,3 M €	+20.5%	1,9 M €	+0.2%	1,9 M €	+9.1%	1,8 M €	+136%	742,8 k €	+29.2%	575 k €	+42.9%	402,3 k €	+80.1%	223,4 k €	+144%	91,4 k €	+5.9%	86,3 k €	+40.0%	61,6 k €	+54.5%	39,9 k €
Cash	104,5 k €	+111%	49,6 k €	-60.8%	126,6 k €	-55.3%	283 k €	+175%	103 k €	-68.4%	325,6 k €	+41.5%	230,1 k €	+11.4%	206,5 k €	-10.9%	231,7 k €	+34.9%	171,7 k €	+10.6%	155,2 k €	+343%	35 k €	+128547%	27,2 €	-99.2%	3,2 k €	-4.0%	3,3 k €	-60.4%	8,4 k €
Debts	510,5 k €	-33.3%	765,3 k €	+17.6%	650,8 k €	-55.2%	1,5 M €	+6.0%	1,4 M €	+8.9%	1,3 M €	-3.1%	1,3 M €	+3.9%	1,2 M €	+458%	223,8 k €	+13.8%	196,7 k €	-12.5%	224,8 k €	+47.8%	152,1 k €	+84.5%	82,5 k €	+0.4%	82,1 k €	+36.3%	60,3 k €	+81.6%	33,2 k €
Other
Workforce	13,8 ETP	-7.4%	14,9 ETP	-34.9%	22,9 ETP	-3.8%	23,8 ETP	+3.0%	23,1 ETP	+47.1%	15,7 ETP	+29.8%	12,1 ETP	+28.7%	9,4 ETP	+59.3%	5,9 ETP	+11.3%	5,3 ETP	+47.2%	3,6 ETP	+28.6%	2,8 ETP	+40.0%	2,0 ETP		–		–		–

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 15 ended

Active mandates

Felix Kimball

Director · since 27 septembre 2024

Active

Techyard

Director · since 14 juillet 2023 · 0507.630.989

Represented by Jorik Rombouts

Active

Thomas Pels

Director · since 14 juillet 2023 · until 02 octobre 2025

Active

Ended mandates

Gert Aerts

Director · since 14 juillet 2023 · until 27 septembre 2024

Ended

Gert Aerts

Director · since 14 juillet 2023

Ended

Simon De Smet

Director · since 14 juillet 2023

Ended

Techyard

Director · since 14 juillet 2023 · 0507.630.989

Represented by Jorik Rombouts

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	01/07/2024	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	15/12/2025	31/01/2025	04/01/2024	02/01/2023	31/01/2022	24/02/2021
General meeting	05/12/2025	06/12/2024	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	05/12/2025	15/12/2025	Dutch	PDF
Abridged model	30/06/2024	06/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	01/12/2023	04/01/2024	Dutch	PDF
Abridged model	30/06/2022	02/12/2022	02/01/2023	Dutch	PDF
Abridged model	30/06/2021	03/12/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	04/12/2020	24/02/2021	Dutch	PDF
Abridged model	30/06/2019	06/12/2019	15/01/2020	Dutch	PDF
Abridged model	30/06/2018	07/12/2018	28/02/2019	Dutch	PDF
Abridged model	30/06/2017	01/12/2017	29/12/2017	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	27/01/2017	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	15/01/2016	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	14/01/2015	Dutch	PDF
Abridged model	30/06/2013	28/12/2013	28/01/2014	Dutch	PDF
Abridged model	30/06/2012	07/12/2012	04/01/2013	Dutch	PDF
Abridged model	30/06/2011	02/12/2011	26/01/2012	Dutch	PDF
Abridged model	30/06/2010	03/12/2010	23/12/2010	Dutch	PDF

Estimate

Indicative valuation

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 · 3 active · 15 ended

Active mandates

Felix Kimball

Director · since 27 septembre 2024

Active

Techyard

Director · since 14 juillet 2023 · 0507.630.989

Represented by Jorik Rombouts

Active

Thomas Pels

Director · since 14 juillet 2023 · until 02 octobre 2025

Active

Ended mandates

Gert Aerts

Director · since 14 juillet 2023 · until 27 septembre 2024

Ended

Gert Aerts

Director · since 14 juillet 2023

Ended

Simon De Smet

Director · since 14 juillet 2023

Ended

Techyard

Director · since 14 juillet 2023 · 0507.630.989

Represented by Jorik Rombouts

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-44,5 k €↑
2024
Annual accounts 2024-490,9 k €↓
2023
Annual accounts 202357,2 k €↑
2022
Annual accounts 2022-5,8 k €↓
2021
Annual accounts 2021127,8 k €↑
2020
Annual accounts 202030,3 k €↓
2019
Annual accounts 2019101,8 k €↑
2018
Annual accounts 201819,7 k €↓
2017
Annual accounts 2017140,7 k €↓
2016
Annual accounts 2016200,8 k €↑
2015
Annual accounts 2015136,3 k €↑
2014
Annual accounts 201462,3 k €↑
2013
Annual accounts 20134,8 k €↑
2012
Annual accounts 20122,8 k €↑
2011
Annual accounts 2011-5,4 k €↓
2010
Annual accounts 20106,5 k €

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

MADE

Overview

What does MADE do?

Trend over 16 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline