MORATORIUM (JUDICIAL REORGANISATION)

MadisonUnderwood

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Company — Moratorium (judicial reorganisation).

Strike-off: 25 juillet 2026

Financial year 2025 · Closed on 31/12/2025

Net result-15,2 k €-1 175,1 %over 1 year
Gross margin125,3 k €-15,5 %over 1 year
Equity52,7 k €-22,4 %over 1 year
Workforce1,8 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

MadisonUnderwood is a Private limited company incorporated in 2011. Its main activity is: Computer consultancy activities. Its registered office is in Antwerpen. It employs on average 1,8 ETP workers (FTE).

Legal situation
Moratorium (judicial reorganisation)
BCE/KBO no. / VAT
BE 0838.042.188
Incorporation
20/07/2011
Legal form
Private limited company
Registered office
Berkenlaan 57
2610 Antwerpen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
1,8 ETP
Joint committees (1)
  • 200
Signals
Solid equityGood liquidity

Financials

Source · NBB, 14 filings

Trend over 14 financial years

20252024202320222021
Income statement
Gross margin125,3 k €148,3 k €141,9 k €70,4 k €101,2 k €
EBITDA-9,5 k €7,5 k €15,6 k €1,3 k €43,8 k €
Operating result-11 k €6,2 k €14 k €6,4 k €43,7 k €
Net result-15,2 k €1,4 k €987 €3,3 k €18 k €
Balance sheet
Equity52,7 k €68 k €66,5 k €65,6 k €62,3 k €
Total assets98,6 k €120 k €106,6 k €131,5 k €124,3 k €
Cash1,2 k €16,4 k €9 k €9,5 k €6,4 k €
Debts45,9 k €52 k €40,1 k €65,9 k €54,9 k €
Other
Workforce1,8 ETP1,8 ETP1,8 ETP––

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

Edward Berger

Mandate

Active

Ended mandates

Edward Berger

Mandate · since 29 octobre 2015

Ended
Hendrikus Van Aspert

Manager · since 20 juillet 2011 · until 31 décembre 2012

Ended
Marina Bachot

Manager · since 20 juillet 2011 · until 30 septembre 2015

Ended
Marina Bachot

Manager · since 20 juillet 2011

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/07/202631/07/202502/08/202405/10/202304/08/202201/08/2021
General meeting27/06/202625/06/202525/06/202425/06/202325/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/06/202623/07/2026DutchPDF
Abridged model31/12/202425/06/202531/07/2025DutchPDF
Abridged model31/12/202325/06/202402/08/2024DutchPDF
Micro model31/12/202225/06/202305/10/2023DutchPDF
Micro model31/12/202125/06/202204/08/2022DutchPDF
Abridged model31/12/202025/06/202101/08/2021DutchPDF
Micro model31/12/201924/06/202030/11/2020DutchPDF
Micro model31/12/201824/06/201905/12/2019DutchPDF
Micro model31/12/201725/06/201816/11/2018DutchPDF
Micro model31/12/201626/06/201731/08/2017DutchPDF
Abridged model31/12/201527/06/201631/08/2016DutchPDF
Abridged model31/12/201429/06/201524/07/2015DutchPDF
Abridged model31/12/201330/06/201429/08/2014DutchPDF
Abridged model31/12/201224/06/201326/08/2013DutchPDF

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.

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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 · 7 ended

Active mandates

Edward Berger

Mandate

Active

Ended mandates

Edward Berger

Mandate · since 29 octobre 2015

Ended
Hendrikus Van Aspert

Manager · since 20 juillet 2011 · until 31 décembre 2012

Ended
Marina Bachot

Manager · since 20 juillet 2011 · until 30 septembre 2015

Ended
Marina Bachot

Manager · since 20 juillet 2011

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office18/07/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates17/11/2015
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/02/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other25/07/2011
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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

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Timeline

  1. 2025
    Annual accounts 2025-15,2 k €↓
  2. 2024
    Annual accounts 20241,4 k €↑
  3. 2023
    Annual accounts 2023987 €↓
  4. 2022
    Annual accounts 20223,3 k €↓
  5. 2021
    Annual accounts 202118 k €↑
  6. 2020
    Annual accounts 202015 k €↑
  7. 2019
    Annual accounts 2019-4 k €↓
  8. 2018
    Annual accounts 201812,1 k €↑
  9. 2017
    Annual accounts 2017-1 k €↓
  10. 2016
    Annual accounts 20167,2 k €↑
  11. 2015
    Annual accounts 20156,6 k €↑
  12. 2014
    Annual accounts 20141,4 k €↓
  13. 2013
    Annual accounts 20133,6 k €↑
  14. 2012
    Annual accounts 2012-15,2 k €
  15. 20/07/2011
    IncorporationPrivate limited company