ACTIVE

MADOCKE

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Financial year 2025 · closed on 31/12/2025

Net result

-24,6 k €

-670.0% YoY

Gross margin

75,8 k €

+83.8% YoY

Equity

68,9 k €

-26.3% YoY

What does MADOCKE do?

MADOCKE is a Private limited company incorporated in 2005. Its main activity is: Construction of buildings. Its registered office is in Stekene.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0872.218.159

Incorporation

02/03/2005

Legal form

Private limited company

Registered office

Meersstraat(STE) 4
9190 Stekene · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 41003Construction of buildings 41203Construction of residential and non-residential buildings 43350Building completion and finishing 43390Other building completion and finishing

Joint committees (2)

Signals

Good liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Gross margin	75,8 k €	+83.8%	41,3 k €	-55.2%	92 k €	+507%	15,1 k €	+27.9%	11,8 k €	+312%	-5,6 k €	-3381%	170,4 €	-95.8%	4 k €	+106%	-65,5 k €	-119%	351,7 k €	+19.2%	295,1 k €	-57.4%	692,3 k €	+196%	234,3 k €	+36.1%	172,2 k €	-41.8%	295,8 k €	+24.5%	237,6 k €	+23.3%	192,7 k €
EBITDA	67,3 k €	+70.3%	39,5 k €	-56.1%	90,1 k €	+528%	14,3 k €	+40.1%	10,2 k €	+964%	961,2 €	+112%	-7,9 k €	-116%	49 k €	+126%	-190,2 k €	-311%	90 k €	+6.1%	84,8 k €	-67.2%	258,7 k €	+206%	84,5 k €	+2527%	3,2 k €	-96.8%	101,9 k €	+59.6%	63,8 k €	-7.8%	69,2 k €
Operating result	33,6 k €	+92.8%	17,4 k €	-75.5%	71 k €	+643%	9,6 k €	-6.6%	10,2 k €	+990%	938,2 €	-95.6%	21,1 k €	-57.9%	50,2 k €	+121%	-238,5 k €	-636%	44,5 k €	+25.3%	35,5 k €	-76.4%	150,5 k €	+385%	31 k €	+72.4%	18 k €	-43.7%	32 k €	-3.1%	33 k €	-9.7%	36,5 k €
Net result	-24,6 k €	-670%	4,3 k €	-92.3%	55,8 k €	+1588%	3,3 k €	-46.8%	6,2 k €	+821%	675 €	-95.1%	13,8 k €	+69.9%	8,1 k €	-95.0%	161,2 k €	+278%	42,7 k €	+223%	13,2 k €	-88.7%	117,4 k €	+495%	19,7 k €	+66.2%	11,9 k €	-48.1%	22,9 k €	-19.1%	28,3 k €	-3.2%	29,2 k €
Balance sheet
Equity	68,9 k €	-26.3%	93,5 k €	+4.8%	89,2 k €	+40.7%	63,4 k €	+5.5%	60,1 k €	-76.7%	257,9 k €	+0.3%	257,2 k €	+5.7%	243,4 k €	+1.5%	239,8 k €	+86.4%	128,6 k €	+17.0%	109,9 k €	+13.7%	96,7 k €	-18.9%	119,3 k €	+15.7%	103,1 k €	+10.6%	93,2 k €	+10.1%	84,7 k €	+50.2%	56,4 k €
Total assets	615,1 k €	-19.9%	767,6 k €	+147%	311,1 k €	+8.1%	287,9 k €	+122%	129,9 k €	-49.7%	258,1 k €	-6.2%	275,2 k €	+9.9%	250,5 k €	-47.0%	472,6 k €	-26.3%	641 k €	-3.5%	664,4 k €	-4.1%	692,7 k €	+33.2%	520,1 k €	-5.1%	548,3 k €	+73.6%	315,8 k €	+27.6%	247,5 k €	+30.3%	189,9 k €
Cash	384,8 k €	+1421%	25,3 k €	+3.6%	24,4 k €	-64.5%	68,9 k €	+261%	19,1 k €	-80.0%	95,3 k €	+21.6%	78,3 k €	-48.2%	151,2 k €	-4.7%	158,6 k €	+529%	25,2 k €	+11.0%	22,7 k €	-77.5%	100,8 k €	+248%	28,9 k €	-28.8%	40,7 k €	+37.3%	29,6 k €	+120%	13,5 k €	+1055%	1,2 k €
Debts	546,2 k €	-19.0%	674,1 k €	+204%	221,9 k €	-1.1%	224,5 k €	+222%	69,7 k €	+33097%	210,1 €	-98.0%	10,8 k €	+52.6%	7,1 k €	-96.1%	180,3 k €	-56.8%	417,8 k €	-18.5%	512,4 k €	-1.3%	518,9 k €	+83.7%	282,5 k €	-9.1%	310,9 k €	+69.2%	183,7 k €	+42.1%	129,3 k €	-3.0%	133,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,9 ETP	-67.8%	5,9 ETP	+20.4%	4,9 ETP	-16.9%	5,9 ETP	+47.5%	4,0 ETP	-25.9%	5,4 ETP	+1.9%	5,3 ETP	-5.4%	5,6 ETP	+64.7%	3,4 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 · 2 active · 13 ended

Active mandates

DAVY VERDURMEN

Director · since 31 mars 2025 · 0829.633.476

Represented by Verdurmen Davy Roger

Active

Nicholaï Pauwels

Director · since 31 mars 2025 · 0749.705.476

Represented by Pauwels Nicholaï

Active

Ended mandates

Davy Roger Verdurmen

Director · since 28 août 2020

Ended

Davy Verdurmen

Director · since 28 août 2020

Ended

Nicholaï Pauwels

Director · since 28 août 2020

Ended

Beatrix Verschraege

Manager · since 01 janvier 2017

Ended

At this address

Other companies at this address

Company	CBE no.
DAVY VERDURMEN● Active	0829.633.476

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/09/2019	01/09/2018
Closing of the financial year	31/12/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	31/08/2019
Length of the financial year	18 months	12 months	12 months	12 months	22 months	12 months
Filing date	20/04/2026	30/01/2025	30/01/2024	27/01/2023	27/01/2022	26/12/2019
General meeting	24/03/2026	02/12/2024	04/12/2023	05/12/2022	06/12/2021	25/11/2019
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/03/2026	20/04/2026	Dutch	PDF
Micro model	30/06/2024	02/12/2024	30/01/2025	Dutch	PDF
Micro model	30/06/2023	04/12/2023	30/01/2024	Dutch	PDF
Micro model	30/06/2022	05/12/2022	27/01/2023	Dutch	PDF
Micro model	30/06/2021	06/12/2021	27/01/2022	Dutch	PDF
Micro model	31/08/2019	25/11/2019	26/12/2019	Dutch	PDF
Micro model	31/08/2018	28/01/2019	28/02/2019	Dutch	PDF
Micro model	31/08/2017	29/01/2018	13/03/2018	Dutch	PDF
Abridged model	31/08/2016	30/01/2017	24/02/2017	Dutch	PDF
Abridged model	30/09/2014	20/03/2015	25/03/2015	Dutch	PDF
Abridged model	30/09/2013	21/03/2014	24/04/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	21/05/2013	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	03/08/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	26/06/2007	Dutch	PDF

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 · 2 active · 13 ended

Active mandates

DAVY VERDURMEN

Director · since 31 mars 2025 · 0829.633.476

Represented by Verdurmen Davy Roger

Active

Nicholaï Pauwels

Director · since 31 mars 2025 · 0749.705.476

Represented by Pauwels Nicholaï

Active

Ended mandates

Davy Roger Verdurmen

Director · since 28 août 2020

Ended

Davy Verdurmen

Director · since 28 août 2020

Ended

Nicholaï Pauwels

Director · since 28 août 2020

Ended

Beatrix Verschraege

Manager · since 01 janvier 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/07/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates07/09/2020
MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates16/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/04/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other12/02/2015
BENAMING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/10/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2012
ONTSLAGEN - BENOEMINGEN
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 2025-24,6 k €↓
2024
Annual accounts 20244,3 k €↓
2023
Annual accounts 202355,8 k €↑
2022
Annual accounts 20223,3 k €↓
2021
Annual accounts 20216,2 k €↑
2019
Annual accounts 2019675 €↓
2018
Annual accounts 201813,8 k €↑
2017
Annual accounts 20178,1 k €↓
2016
Annual accounts 2016161,2 k €↑
2014
Annual accounts 201442,7 k €↑
2013
Annual accounts 201313,2 k €↓
2012
Annual accounts 2012117,4 k €↑
2010
Annual accounts 201019,7 k €↑
2009
Annual accounts 200911,9 k €↓
2008
Annual accounts 200822,9 k €↓
2007
Annual accounts 200728,3 k €↓
2006
Annual accounts 200629,2 k €
02/03/2005
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

MADOCKE

Overview

What does MADOCKE do?

Trend over 17 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