Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MADI from Dendermonde, company number BE0433505668, closed financial year 2025 with a result of € 45,645 after tax. For that financial year MADI recorded a gross margin of € 105,023 and equity of € 660,443. Compared with financial year 2024, the result moved from € -82,228 to € 45,645. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 660,443
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,645
▲ still € 82,228 loss in 2024
Profit after tax over the fiscal year.
€ 4,711
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,666 paid out
4 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 286,441
▼ 17% vs 2024
€ 44,356 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 27,827
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,291
▲ 19% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 146,271 | € 522,168 | € 17,653 | € 105,023 | ▲ € 87,370 |
| Profit after taxes | € 73,980 | € 360,010 | € -82,228 | € 45,645 | ▲ € 127,873 |
| Equity | € 341,948 | € 700,358 | € 616,464 | € 660,443 | ▲ 7% |
| Total debts | € 817,571 | € 600,637 | € 607,697 | € 716,237 | ▲ 18% |
| Cash | € 6,527 | € 38,929 | € 7,455 | € 4,711 | ▼ 37% |
| Land & buildings | € 1,138,034 | € 946,476 | € 1,110,331 | € 1,452,614 | ▲ 31% |
| Retained profit | € 323,356 | € 681,766 | € 597,872 | € 641,851 | ▲ 7% |
| Dividend | € 1,600 | € 1,600 | € 1,666 | € 1,666 | |
| Bank debt | € 576,384 | € 409,572 | € 347,024 | € 286,441 | ▼ 17% |
| Balance sheet total | € 1,159,519 | € 1,397,308 | € 1,318,078 | € 1,465,335 | ▲ 11% |
Key figures of MADI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to MADI?
What happened at MADI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,645. Source: NBB ↗
- Ronny Van Damme became a director. NBB
- New establishment in Dendermonde. KBO
- Start of the company according to the CBE. KBO
In short
From € 73,980 profit in 2022 to € 45,645 profit in 2025.
Paid € 92,333 in corporate taxes since 2022.
Best year ever: 2023, with € 360,010 profit.
Paid out € 6,532 in dividends to the owners in total.
Management
Behind MADI is Ronny Van Damme. Ronny Van Damme is also behind VANDER HOEVEN.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Schippersdijk (BAA) 72
9200 Dendermonde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.505.668
- VAT number
- BE 0433.505.668
- Registered office
- Schippersdijk (BAA) 72, 9200 Dendermonde
- Names & denominations
- MADI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 February 1988
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
Activiteiten van holdings
Holdings