ACTIVE

MADEFRU

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Financial year 2025 · closed on 30/09/2025

Net result

63,3 k €

+3.2% YoY

Gross margin

938,5 k €

-44.3% YoY

Equity

350,5 k €

+22.0% YoY

Workforce

18,2 ETP

-18.4% YoY

What does MADEFRU do?

MADEFRU is a Private limited company incorporated in 2004. Its registered office is in Herk-de-Stad. It employs on average 18,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.515.090

Incorporation

07/01/2004

Legal form

Private limited company

Registered office

Popelierestraat 14 box 1
3540 Herk-de-Stad · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Average workforce

18,2 ETP

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	938,5 k €	-44.3%	1,7 M €	+108%	810,2 k €	+14.5%	707,9 k €	+4.6%	676,5 k €	-4.2%	706 k €	+20.5%	586 k €	+96.1%	298,8 k €	-23.4%	390,1 k €	+197%	131,2 k €	-45.3%	240 k €	+35.4%	177,2 k €	-6.2%	188,9 k €	+9.6%	172,3 k €	+22.5%	140,7 k €	+20.1%	117,1 k €	+19.9%	97,7 k €	-32.5%	144,8 k €	+9.2%	132,6 k €
EBITDA	206,3 k €	-26.3%	279,8 k €	+129%	122,3 k €	+0.6%	121,6 k €	-15.5%	144 k €	+40.8%	102,3 k €	-44.0%	182,6 k €	+171%	67,3 k €	-43.3%	118,6 k €	+333%	27,4 k €	-28.7%	38,4 k €	+9.2%	35,2 k €	+64.5%	21,4 k €	-2.0%	21,8 k €	-49.2%	43 k €	+0.1%	42,9 k €	+28.7%	33,3 k €	-32.2%	49,1 k €	+62.3%	30,3 k €
Operating result	90,2 k €	-18.9%	111,2 k €	+126%	49,2 k €	+59.1%	30,9 k €	-37.3%	49,3 k €	+401%	9,8 k €	-87.5%	78,6 k €	+65.9%	47,4 k €	+40.5%	33,7 k €	+356%	-13,2 k €	-169%	19,1 k €	+23.6%	15,4 k €	+504%	2,6 k €	-30.7%	3,7 k €	-57.4%	8,6 k €	+165%	3,3 k €	+93.3%	1,7 k €	-90.0%	16,8 k €	+847%	1,8 k €
Net result	63,3 k €	+3.2%	61,3 k €	+72.1%	35,6 k €	+154%	14 k €	-2.8%	14,4 k €	+175%	5,2 k €	-92.5%	69,8 k €	+257%	19,5 k €	-30.0%	27,9 k €	+284%	-15,2 k €	-202%	14,9 k €	+648%	2 k €	+38.6%	1,4 k €	+178%	517,4 €	-92.2%	6,6 k €	+19985%	32,9 €	+104%	-779 €	-111%	7,3 k €	+3151%	-238 €
Balance sheet
Equity	350,5 k €	+22.0%	287,3 k €	+27.1%	226 k €	+18.7%	190,3 k €	+7.9%	176,3 k €	+8.9%	161,9 k €	+3.3%	156,7 k €	+80.2%	86,9 k €	+29.0%	67,4 k €	+70.8%	39,5 k €	-27.8%	54,7 k €	+37.4%	39,8 k €	+5.3%	37,8 k €	+3.9%	36,3 k €	+1.4%	35,8 k €	+22.6%	29,2 k €	+0.1%	29,2 k €	-2.6%	30 k €	+32.0%	22,7 k €
Total assets	2,9 M €	+34.4%	2,1 M €	+56.1%	1,4 M €	-15.7%	1,6 M €	+21.1%	1,3 M €	+16.0%	1,2 M €	+18.1%	976,6 k €	+32.1%	739,3 k €	+27.4%	580,2 k €	+64.3%	353,2 k €	+46.7%	240,8 k €	-44.9%	437,2 k €	+23.7%	353,5 k €	+84.7%	191,4 k €	+7.8%	177,5 k €	-25.9%	239,4 k €	+61.0%	148,7 k €	-9.4%	164,1 k €	-49.9%	327,8 k €
Cash	62,9 k €	-74.2%	243,5 k €	+123%	109,2 k €	+907%	10,8 k €	-63.2%	29,5 k €	+144%	12,1 k €	-82.5%	68,9 k €	+184%	24,3 k €	-77.8%	109,5 k €	+1793%	5,8 k €	-90.4%	60,5 k €	+169%	22,5 k €	-63.0%	60,9 k €	+132%	26,3 k €	+203%	8,7 k €	-25.2%	11,6 k €	-78.6%	54,2 k €	+3242%	1,6 k €	-97.7%	69,3 k €
Debts	2,3 M €	+42.1%	1,6 M €	+43.0%	1,1 M €	-20.3%	1,4 M €	+23.1%	1,2 M €	+17.2%	991,7 k €	+21.0%	819,7 k €	+25.7%	652,3 k €	+27.4%	511,8 k €	+63.2%	313,7 k €	+68.6%	186,1 k €	-53.2%	397,4 k €	+30.8%	303,7 k €	+96.1%	154,8 k €	+9.5%	141,5 k €	-32.5%	209,5 k €	+75.6%	119,3 k €	-11.0%	134 k €	-56.1%	305,1 k €
Other
Workforce	18,2 ETP	-18.4%	22,3 ETP	+10.4%	20,2 ETP	+18.1%	17,1 ETP	+1.8%	16,8 ETP	-14.7%	19,7 ETP	+34.9%	14,6 ETP	+78.0%	8,2 ETP	-3.5%	8,5 ETP	+113%	4,0 ETP	-42.0%	6,9 ETP	+68.3%	4,1 ETP	-33.9%	6,2 ETP	+37.8%	4,5 ETP	+18.4%	3,8 ETP	+46.2%	2,6 ETP	-10.3%	2,9 ETP	-17.1%	3,5 ETP	+75.0%	2,0 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 · 1 active · 3 ended

Active mandates

Marcoen Jozef Debruyn

Director · since 30 janvier 2024

Active

Ended mandates

Marcoen Debruyn

Director

Ended

Marcoen Debruyn

Manager

Ended

Marcoen Jozef Debruyn

Andere functie

Ended

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	21 months	12 months	12 months	12 months	12 months
Filing date	28/04/2026	28/04/2025	18/07/2023	29/08/2022	26/11/2021	03/10/2020
General meeting	27/03/2026	28/03/2025	31/05/2023	31/05/2022	31/05/2021	31/08/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/03/2026	28/04/2026	Dutch	PDF
Abridged model	30/09/2024	28/03/2025	28/04/2025	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	26/11/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	03/10/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	27/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	13/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	21/06/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	29/05/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	13/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	24/09/2007	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 30/09/2025 · 1 active · 3 ended

Active mandates

Marcoen Jozef Debruyn

Director · since 30 janvier 2024

Active

Ended mandates

Marcoen Debruyn

Director

Ended

Marcoen Debruyn

Manager

Ended

Marcoen Jozef Debruyn

Andere functie

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office19/06/2014
MAATSCHAPPELIJKE ZETEL
PDF
Registered office14/02/2008
MAATSCHAPPELIJKE ZETEL
PDF
Other15/01/2004
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 202563,3 k €↑
2024
Annual accounts 202461,3 k €↑
2022
Annual accounts 202235,6 k €↑
2021
Annual accounts 202114 k €↓
2020
Annual accounts 202014,4 k €↑
2019
Annual accounts 20195,2 k €↓
2018
Annual accounts 201869,8 k €↑
2017
Annual accounts 201719,5 k €↓
2016
Annual accounts 201627,9 k €↑
2015
Annual accounts 2015-15,2 k €↓
2014
Annual accounts 201414,9 k €↑
2013
Annual accounts 20132 k €↑
2012
Annual accounts 20121,4 k €↑
2011
Annual accounts 2011517,4 €↓
2010
Annual accounts 20106,6 k €↑
2009
Annual accounts 200932,9 €↑
2008
Annual accounts 2008-779 €↓
2007
Annual accounts 20077,3 k €↑
2006
Annual accounts 2006-238 €
07/01/2004
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

MADEFRU

Overview

What does MADEFRU do?

Trend over 19 financial years

Indicative valuation

Board of directors

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