ACTIVE

MADOSA (SA)

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Financial year 2025 · closed on 31/12/2025
Net result
-86,2 k €
-9001.4% YoY
Gross margin
163,2 k €
+49.1% YoY
Equity
291,1 k €
-49.6% YoY
Workforce
1,0 ETP
0.0% YoY

What does MADOSA do?

MADOSA is a Public limited company incorporated in 2012. Its main activity is: Wholesale of electrical household appliances. Its registered office is in Grimbergen. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0849.140.968
Incorporation
01/10/2012
Legal form
Public limited company
Registered office
Spaanse Lindebaan 87
1850 Grimbergen · FlandreSee on map
Contributed capital
250 000,00 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
46431Wholesale of electrical household appliances· main46431Wholesale of electrical household appliances46497Wholesale of other household goods46497Wholesale of other household goods47540Retail sale of electrical household appliances in specialised stores47540Retail sale of electrical household appliances in specialised stores+2
Joint committees (1)
  • 2000
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin163,2 k €109,5 k €209,9 k €208,7 k €256,6 k €363,5 k €130,2 k €139 k €129,3 k €73,4 k €59,5 k €51,2 k €50,9 k €
EBITDA-51,8 k €9,7 k €101,4 k €107,9 k €132,3 k €183,4 k €13,4 k €34,4 k €61,5 k €18,3 k €9,1 k €12,5 k €22,4 k €
Operating result-63,4 k €2,3 k €84,3 k €93,1 k €122,3 k €173,9 k €7,7 k €31,4 k €57,3 k €13,3 k €4,1 k €7,8 k €18,5 k €
Net result-86,2 k €-946,7 €48,5 k €67,3 k €90,1 k €153,6 k €3,6 k €19,8 k €32,4 k €9,2 k €643,3 €468,9 €2,3 k €
Balance sheet
Equity291,1 k €577,3 k €578,3 k €529,7 k €462,4 k €372,4 k €318,4 k €314,9 k €295 k €262,6 k €253,4 k €252,7 k €252,3 k €
Total assets620,2 k €677,7 k €735,6 k €893,6 k €1,2 M €623,3 k €332,6 k €409,8 k €412 k €518,9 k €356,9 k €398,1 k €424,1 k €
Cash312,2 k €364,9 k €444 k €340,4 k €290,8 k €448,9 k €113 k €128,5 k €151,8 k €167,3 k €47,5 k €148,9 k €163,1 k €
Debts329 k €100,4 k €157,3 k €363,9 k €778,2 k €250,9 k €13,5 k €95 k €108,4 k €256,3 k €103,5 k €145,2 k €171,8 k €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,1 ETP0,7 ETP1,0 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

Griman

Director · since 25 septembre 2012 · 0828.252.910

Active
IMOMAR

Director · since 25 septembre 2012 · 0465.485.776

Represented by MARTIN MAES

Active
Marion Maes

Director · since 25 septembre 2012

Active
ROBERT DE CONINCK

Director · since 25 septembre 2012

Active

Ended mandates

Griman

Chairman of the board of directors · since 17 mai 2019 · 0828.252.910

Represented by JAN DE CONINCK

Ended
Griman

Managing director · since 17 mai 2019 · 0828.252.910

Represented by JAN DE CONINCK

Ended
IMOMAR

Director · since 17 mai 2019 · 0465.485.776

Represented by MARTIN MAES

Ended
MARION MAES

Director · since 17 mai 2019

Ended
At this address

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CompanyCBE no.
Griman● Active
0828.252.910
THE FICO CIRCLE● Active
0603.997.620
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date24/07/202615/07/202518/07/202407/07/202328/07/202228/09/2021
General meeting08/05/202623/05/202524/05/202419/05/202320/05/202202/07/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202508/05/202624/07/2026DutchPDF
Abridged model31/12/202423/05/202515/07/2025DutchPDF
Abridged model31/12/202324/05/202418/07/2024DutchPDF
Abridged model31/12/202219/05/202307/07/2023DutchPDF
Abridged model31/12/202120/05/202228/07/2022DutchPDF
Abridged model31/12/202002/07/202128/09/2021DutchPDF
Abridged model31/12/201915/05/202006/08/2020DutchPDF
Abridged model31/12/201817/05/201930/08/2019DutchPDF
Abridged model31/12/201718/05/201813/08/2018DutchPDF
Abridged model31/12/201619/05/201726/07/2017DutchPDF
Abridged model31/12/201520/05/201604/07/2016DutchPDF
Abridged model31/12/201429/05/201507/07/2015DutchPDF
Abridged model31/12/201316/05/201419/06/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 4 active · 10 ended

Active mandates

Griman

Director · since 25 septembre 2012 · 0828.252.910

Active
IMOMAR

Director · since 25 septembre 2012 · 0465.485.776

Represented by MARTIN MAES

Active
Marion Maes

Director · since 25 septembre 2012

Active
ROBERT DE CONINCK

Director · since 25 septembre 2012

Active

Ended mandates

Griman

Chairman of the board of directors · since 17 mai 2019 · 0828.252.910

Represented by JAN DE CONINCK

Ended
Griman

Managing director · since 17 mai 2019 · 0828.252.910

Represented by JAN DE CONINCK

Ended
IMOMAR

Director · since 17 mai 2019 · 0465.485.776

Represented by MARTIN MAES

Ended
MARION MAES

Director · since 17 mai 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/11/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office28/09/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates18/08/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/10/2012
    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 2025-86,2 k €↓
  2. 2024
    Annual accounts 2024-946,7 €↓
  3. 2023
    Annual accounts 202348,5 k €↓
  4. 2022
    Annual accounts 202267,3 k €↓
  5. 2021
    Annual accounts 202190,1 k €↓
  6. 2020
    Annual accounts 2020153,6 k €↑
  7. 2019
    Annual accounts 20193,6 k €↓
  8. 2018
    Annual accounts 201819,8 k €↓
  9. 2017
    Annual accounts 201732,4 k €↑
  10. 2016
    Annual accounts 20169,2 k €↑
  11. 2015
    Annual accounts 2015643,3 €↑
  12. 2014
    Annual accounts 2014468,9 €↓
  13. 2013
    Annual accounts 20132,3 k €
  14. 01/10/2012
    IncorporationPublic limited company