ACTIVE

MACADAM EUROPE NV

Financial year 2025 · closed on 31/12/2025
Net result
4,6 M €
+167.2% YoY
Revenue
18,7 M €
+36.8% YoY
Equity
11,2 M €
+59.1% YoY
Workforce
12,0 ETP
+8.1% YoY

What does MACADAM EUROPE NV do?

MACADAM EUROPE NV is a Public limited company incorporated in 2006. Its main activity is: Activities of holding companies. Its registered office is in Vilvoorde. It employs on average 12,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0881.767.513
Incorporation
09/06/2006
Legal form
Public limited company
Registered office
Schaarbeeklei 613
1800 Vilvoorde · FlandreSee on map
Contributed capital
500 000,00 €
Latest accounts
31/12/2025
Average workforce
12,0 ETP
Joint committees (2)
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue18,7 M €13,7 M €7,7 M €6,8 M €6,4 M €5,1 M €4,3 M €3,9 M €3 M €2,6 M €2,5 M €2,8 M €2,7 M €
EBITDA7,6 M €2,9 M €843,2 k €2,1 M €2,6 M €1,9 M €1,8 M €1,6 M €1,2 M €1,4 M €665,6 k €570,2 k €323,9 k €619 k €285,7 k €159,8 k €407,5 k €290 k €130,4 k €-17,8 k €
Operating result5,1 M €809,5 k €-659,9 k €1,1 M €1,8 M €936 k €784,6 k €1 M €856,8 k €1 M €398,2 k €-681,3 k €20,4 k €376,5 k €98,5 k €29,9 k €263,8 k €162,4 k €21,1 k €-57,8 k €
Net result4,6 M €1,7 M €1,1 M €3,2 M €2,4 M €1,3 M €1,7 M €2 M €1,5 M €2,3 M €1,9 M €-648,8 k €116,4 k €-1,1 M €182,7 k €378 €584 k €110,1 k €5,2 k €-59,3 k €
Balance sheet
Equity11,2 M €7 M €6,3 M €6,4 M €4,6 M €3,2 M €3 M €1,3 M €1 M €1,3 M €666 k €422,5 k €1,1 M €954,8 k €2,1 M €1,9 M €1,9 M €1,3 M €1,1 M €1,1 M €
Total assets28,5 M €25,1 M €21,2 M €11,2 M €6,5 M €6,2 M €5,6 M €3,9 M €3,1 M €3,9 M €2,9 M €1,5 M €2,5 M €2,3 M €3,3 M €2,9 M €2,9 M €1,9 M €1,8 M €1,7 M €
Cash159,6 k €157,6 k €188,1 k €143,2 k €218 k €432,3 k €68 k €130,4 k €76,5 k €740,7 k €769,5 k €32,9 k €24,3 €0 €7,9 k €127,6 k €11,8 k €2,3 k €
Debts17,2 M €18 M €14,8 M €4,8 M €1,8 M €2,9 M €2,4 M €2,6 M €2,1 M €2,6 M €2,2 M €1,1 M €1,5 M €1,4 M €1,2 M €957,6 k €977,2 k €602,6 k €696,3 k €535,6 k €
Other
Workforce12,0 ETP11,1 ETP7,4 ETP3,9 ETP5,4 ETP6,6 ETP6,7 ETP4,5 ETP5,1 ETP6,1 ETP6,4 ETP8,0 ETP9,9 ETP11,5 ETP10,4 ETP9,6 ETP5,3 ETP2,4 ETP2,5 ETP0,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 44 ended

Active mandates

L2 Capital

Director · since 01 octobre 2025 · until 02 juin 2027 · 0785.538.959

Represented by Tom Van de Voorde

Active
Ingels Consulting

Director · since 21 juin 2024 · until 02 juin 2027 · 0743.602.592

Represented by Wilbert Ingels

Active
Strike Management Company

Managing director · since 21 juin 2024 · until 02 juin 2027 · 0433.329.484

Represented by Bertrand Donck

Active

Ended mandates

Ingels Consulting

Director · since 21 juin 2024 · until 20 juin 2027 · 0743.602.592

Represented by Wilbert Ingels

Ended
Strike Management Company

Managing director · since 21 juin 2024 · until 20 juin 2027 · 0433.329.484

Represented by Bertrand Donck

Ended
LEADING

Director · since 01 janvier 2024 · until 21 juin 2024 · 1002.248.243

Represented by Jean Thomas

Ended
Strike Management Company

Director · since 01 juin 2022 · until 05 juin 2024 · 0433.329.484

Represented by Bertrand Donck

Ended
At this address

Other companies at this address

CompanyCBE no.
BXB SERVICESActive
0820.235.364
0473.468.183
0809.255.657
MACADAM BELGIUMActive
0836.746.447
0795.443.550
MAJD COMPANYActive
0771.592.735
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull 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 date19/08/202601/10/202517/07/202431/07/202328/06/202215/06/2021
General meeting11/08/202630/09/202521/06/202407/06/202301/06/202202/06/2021
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

22 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202511/08/202619/08/2026DutchPDF
Full model31/12/202430/09/202501/10/2025DutchPDF
Abridged model31/12/202321/06/202417/07/2024DutchPDF
Abridged model31/12/202207/06/202331/07/2023DutchPDF
Abridged model31/12/202101/06/202228/06/2022DutchPDF
Abridged model31/12/202002/06/202115/06/2021DutchPDF
Abridged model31/12/201903/06/202029/06/2020DutchPDF
Abridged model31/12/201805/06/201926/06/2019DutchPDF
Abridged model31/12/201706/06/201810/08/2018DutchPDF
Abridged model31/12/201607/06/201730/06/2017DutchPDF
Abridged model31/12/201501/06/201608/07/2016DutchPDF
Abridged model31/12/201403/06/201506/07/2015DutchPDF
Abridged model31/12/201304/06/201429/09/2014DutchPDF
Abridged modelCorrection31/12/201205/06/201328/02/2014DutchPDF
Abridged model31/12/201205/06/201329/08/2013DutchPDF
Abridged model31/12/201130/06/201227/07/2012DutchPDF
Abridged model31/12/201003/06/201106/07/2011DutchPDF
Abridged modelCorrection31/12/200903/06/201004/02/2011DutchPDF
Abridged model31/12/200930/06/201028/10/2010DutchPDF
Abridged model31/12/200803/06/200929/06/2009DutchPDF
Abridged model31/12/200704/06/200818/07/2008DutchPDF
Abridged model31/12/200630/06/200716/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 44 ended

Active mandates

L2 Capital

Director · since 01 octobre 2025 · until 02 juin 2027 · 0785.538.959

Represented by Tom Van de Voorde

Active
Ingels Consulting

Director · since 21 juin 2024 · until 02 juin 2027 · 0743.602.592

Represented by Wilbert Ingels

Active
Strike Management Company

Managing director · since 21 juin 2024 · until 02 juin 2027 · 0433.329.484

Represented by Bertrand Donck

Active

Ended mandates

Ingels Consulting

Director · since 21 juin 2024 · until 20 juin 2027 · 0743.602.592

Represented by Wilbert Ingels

Ended
Strike Management Company

Managing director · since 21 juin 2024 · until 20 juin 2027 · 0433.329.484

Represented by Bertrand Donck

Ended
LEADING

Director · since 01 janvier 2024 · until 21 juin 2024 · 1002.248.243

Represented by Jean Thomas

Ended
Strike Management Company

Director · since 01 juin 2022 · until 05 juin 2024 · 0433.329.484

Represented by Bertrand Donck

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates30/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/10/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/03/2016
    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

Timeline

  1. 2025
    Annual accounts 20254,6 M €
  2. 2024
    Annual accounts 20241,7 M €
  3. 2023
    Annual accounts 20231,1 M €
  4. 2022
    Annual accounts 20223,2 M €
  5. 2021
    Annual accounts 20212,4 M €
  6. 2020
    Annual accounts 20201,3 M €
  7. 2019
    Annual accounts 20191,7 M €
  8. 2018
    Annual accounts 20182 M €
  9. 2017
    Annual accounts 20171,5 M €
  10. 2016
    Annual accounts 20162,3 M €
  11. 2015
    Annual accounts 20151,9 M €
  12. 2014
    Annual accounts 2014-648,8 k €
  13. 2013
    Annual accounts 2013116,4 k €
  14. 2012
    Annual accounts 2012-1,1 M €
  15. 2011
    Annual accounts 2011182,7 k €
  16. 2010
    Annual accounts 2010378 €
  17. 2009
    Annual accounts 2009584 k €
  18. 2008
    Annual accounts 2008110,1 k €
  19. 2007
    Annual accounts 20075,2 k €
  20. 2006
    Annual accounts 2006-59,3 k €
  21. 09/06/2006
    IncorporationPublic limited company