ACTIVE

MADEX

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Financial year 2025 · closed on 31/12/2025

Net result

179 k €

+12.9% YoY

Gross margin

273,6 k €

+9.7% YoY

Equity

472,8 k €

-4.0% YoY

What does MADEX do?

MADEX is a Private limited company incorporated in 2011. Its main activity is: Risk and damage evaluation. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.981.002

Incorporation

21/09/2011

Legal form

Private limited company

Registered office

Menenstraat 104
8560 Wevelgem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

66210Risk and damage evaluation· main 66210Risk and damage evaluation 68312Real estate agencies 68322Management of real estate on a fee or contract basis

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012
Income statement
Gross margin	273,6 k €	+9.7%	249,4 k €	+16.4%	214,2 k €	+41.3%	151,6 k €	+14.4%	132,4 k €	-3.8%	137,7 k €	+22.9%	112,1 k €	+4.7%	107,1 k €	+34.8%	79,5 k €	-59.3%	195,1 k €	+79.9%	108,4 k €	+30.9%	82,8 k €	+53.7%	53,9 k €
EBITDA	271,7 k €	+10.0%	246,9 k €	+17.0%	211 k €	+41.4%	149,2 k €	+17.0%	127,6 k €	-5.6%	135,1 k €	+27.9%	105,6 k €	+1.1%	104,5 k €	+37.1%	76,2 k €	-60.4%	192,4 k €	+79.8%	107 k €	+34.9%	79,3 k €	+49.8%	53 k €
Operating result	257,2 k €	+10.4%	233 k €	+18.6%	196,5 k €	+41.5%	138,9 k €	+19.2%	116,5 k €	+1.3%	115,1 k €	+35.4%	85 k €	+0.8%	84,3 k €	+59.0%	53 k €	-66.2%	156,6 k €	+81.5%	86,3 k €	+44.9%	59,6 k €	+40.2%	42,5 k €
Net result	179 k €	+12.9%	158,6 k €	+18.4%	134 k €	+39.4%	96,1 k €	+14.0%	84,3 k €	+7.5%	78,4 k €	-11.7%	88,8 k €	+58.0%	56,2 k €	+108%	27 k €	-69.7%	89 k €	+81.1%	49,1 k €	+40.5%	35 k €	+18.5%	29,5 k €
Balance sheet
Equity	472,8 k €	-4.0%	492,6 k €	+8.8%	452,8 k €	+42.0%	318,8 k €	+27.7%	249,6 k €	+10.8%	225,3 k €	+32.6%	169,9 k €	+19.8%	141,8 k €	0.0%	141,8 k €	+23.5%	114,8 k €	+25.0%	91,8 k €	+115%	42,7 k €	+19.5%	35,7 k €
Total assets	835,3 k €	+4.2%	801,5 k €	+20.8%	663,5 k €	+32.3%	501,5 k €	+18.9%	421,7 k €	+4.3%	404,3 k €	+4.3%	387,5 k €	+8.6%	356,7 k €	+14.6%	311,3 k €	+14.1%	273 k €	+72.4%	158,4 k €	+36.9%	115,7 k €	+16.6%	99,1 k €
Cash	136,5 k €	+87.7%	72,7 k €	-18.6%	89,3 k €	-58.2%	213,6 k €	+54.6%	138,2 k €	-3.4%	143,1 k €	+25.0%	114,4 k €	+97.4%	58 k €	+114%	27,1 k €	-58.7%	65,5 k €	+58.8%	41,3 k €	+14.4%	36,1 k €	+146%	14,6 k €
Debts	362,5 k €	+17.3%	308,9 k €	+46.8%	210,4 k €	+15.2%	182,7 k €	+6.2%	172 k €	-3.9%	178,9 k €	-17.8%	217,6 k €	+1.3%	214,9 k €	+27.0%	169,2 k €	+7.0%	158,1 k €	+138%	66,5 k €	-8.8%	73 k €	+15.0%	63,4 k €

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 · 2 active · 5 ended

Active mandates

Tine Vanneste

Director · since 01 octobre 2012

Active

Marcelino Vanleynseele

Director · since 21 septembre 2011

Active

Ended mandates

Tine Vanneste

Manager · since 05 décembre 2012 · until 30 juin 2013

Ended

Marcelino Vanleynseele

Manager

Ended

Marcelino VANLEYNSEELE

Director

Ended

Tine VANNESTE

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Bare Invest● Active	0771.474.058

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	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	30/04/2026	23/06/2025	09/07/2024	10/06/2023	27/06/2022	14/06/2021
General meeting	23/04/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/04/2026	30/04/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	09/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	10/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	18/06/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	26/06/2019	Dutch	PDF
Micro model	31/12/2017	08/06/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	16/06/2016	Dutch	PDF
Abridged model	30/06/2014	06/12/2014	08/01/2015	Dutch	PDF
Abridged model	30/06/2013	07/12/2013	11/12/2013	Dutch	PDF
Abridged model	30/06/2012	01/12/2012	03/12/2012	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 · 2 active · 5 ended

Active mandates

Tine Vanneste

Director · since 01 octobre 2012

Active

Marcelino Vanleynseele

Director · since 21 septembre 2011

Active

Ended mandates

Tine Vanneste

Manager · since 05 décembre 2012 · until 30 juin 2013

Ended

Marcelino Vanleynseele

Manager

Ended

Marcelino VANLEYNSEELE

Director

Ended

Tine VANNESTE

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/03/2015
MAATSCHAPPELIJKE ZETEL - BOEKJAAR
PDF
Mandates18/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other19/10/2011
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

2025
Annual accounts 2025179 k €↑
2024
Annual accounts 2024158,6 k €↑
2023
Annual accounts 2023134 k €↑
2022
Annual accounts 202296,1 k €↑
2021
Annual accounts 202184,3 k €↑
2020
Annual accounts 202078,4 k €↓
2019
Annual accounts 201988,8 k €↑
2018
Annual accounts 201856,2 k €↑
2017
Annual accounts 201727 k €↓
2015
Annual accounts 201589 k €↑
2014
Annual accounts 201449,1 k €↑
2013
Annual accounts 201335 k €↑
2012
Annual accounts 201229,5 k €
21/09/2011
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

MADEX

Overview

What does MADEX do?

Trend over 13 financial years

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