What is the address of MADO?

The registered office of MADO is located at Onafhankelijkheidslaan 17, 9000 Gent.

Is MADO still active?

Yes. According to the CBE (29 October 2026) MADO is active, legal situation “Normale toestand”, started on 3 April 1991.

Is MADO registered on Peppol?

Yes, MADO is registered on the Peppol network with ID 0208:0443817560.

What is the enterprise number of MADO?

The enterprise number of MADO is BE0443817560.

When was MADO founded?

MADO was founded on 3 April 1991.

Who are the directors of MADO?

According to the 2025 annual accounts, the directors of MADO are: Ann Myriam Donck, Luc Vandenbulcke, Frank Donck, Mathieu Vandenbulcke.

Is MADO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 3 April 1991; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did MADO make in 2025?

MADO posted a profit after taxes of € 159,755 in financial year 2025.

What is the revenue of MADO?

As a small company, MADO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -25,338.

How many employees does MADO have?

According to the 2025 annual accounts, MADO has 0 full-time equivalents (FTE).

MADO (Public Limited) - Gent - BE0443817560

Dossier MADO, printed on 29 October 2026 from databakkes.be/en/0443817560/mado. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

MADO from Gent, company number BE0443817560, closed financial year 2025 with a result of € 159,755 after tax. For that financial year MADO recorded a gross margin of € -25,338 and equity of € 52.7 million. Compared with financial year 2024, the result moved from € 676,640 to € 159,755. The company is profitable. 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 January 13, 2026.

What it is worth Growing

€ 52.7 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 159,755

▼ 76% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 292,549

▼ 86% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 42.7 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 17,567

▲ 134% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 21,775 Gross margin 2022: € 21,775 First fiscal year in the series	€ -25,278 Gross margin 2023: € -25,278 ▼ € 47,053 vs 2022 (€ 21,775) Unfavourable step	€ 339,747 Gross margin 2024: € 339,747 ▲ € 365,025 vs 2023 (€ -25,278) Favourable step	€ -25,338 Gross margin 2025: € -25,338 ▼ € 365,085 vs 2024 (€ 339,747) Unfavourable step	▼ € 365,085
Profit after taxes	€ 346,844 Profit after taxes 2022: € 346,844 First fiscal year in the series	€ 398,041 Profit after taxes 2023: € 398,041 ▲ 15% vs 2022 (€ 346,844) Favourable step	€ 676,640 Profit after taxes 2024: € 676,640 ▲ 70% vs 2023 (€ 398,041) Favourable step	€ 159,755 Profit after taxes 2025: € 159,755 ▼ 76% vs 2024 (€ 676,640) Unfavourable step	▼ 76%
Equity	€ 51,480,940 Equity 2022: € 51,480,940 First fiscal year in the series	€ 51,878,981 Equity 2023: € 51,878,981 ▲ 1% vs 2022 (€ 51,480,940) Favourable step	€ 52,555,621 Equity 2024: € 52,555,621 ▲ 1% vs 2023 (€ 51,878,981) Favourable step	€ 52,715,376 Equity 2025: € 52,715,376 Unchanged (€ 52,555,621) Favourable step
Total debts	€ 387,119 Total debts 2022: € 387,119 First fiscal year in the series	€ 995,257 Total debts 2023: € 995,257 ▲ 157% vs 2022 (€ 387,119) Unfavourable step	€ 1,039,012 Total debts 2024: € 1,039,012 ▲ 4% vs 2023 (€ 995,257) Unfavourable step	€ 712,436 Total debts 2025: € 712,436 ▼ 31% vs 2024 (€ 1,039,012) Favourable step	▼ 31%
Cash	€ 4,813,865 Cash 2022: € 4,813,865 First fiscal year in the series	€ 5,690,214 Cash 2023: € 5,690,214 ▲ 18% vs 2022 (€ 4,813,865) Favourable step	€ 2,162,455 Cash 2024: € 2,162,455 ▼ 62% vs 2023 (€ 5,690,214) Unfavourable step	€ 292,549 Cash 2025: € 292,549 ▼ 86% vs 2024 (€ 2,162,455) Unfavourable step	▼ 86%
Land & buildings	€ 578,919 Land & buildings 2022: € 578,919 First fiscal year in the series	€ 554,118 Land & buildings 2023: € 554,118 ▼ 4% vs 2022 (€ 578,919) Unchanged	€ 501,314 Land & buildings 2024: € 501,314 ▼ 10% vs 2023 (€ 554,118) Unchanged	€ 486,844 Land & buildings 2025: € 486,844 ▼ 3% vs 2024 (€ 501,314) Unchanged	▼ 3%
Retained profit	€ 41,480,940 Retained profit 2022: € 41,480,940 First fiscal year in the series	€ 41,878,981 Retained profit 2023: € 41,878,981 ▲ 1% vs 2022 (€ 41,480,940) Favourable step	€ 42,555,621 Retained profit 2024: € 42,555,621 ▲ 2% vs 2023 (€ 41,878,981) Favourable step	€ 42,715,376 Retained profit 2025: € 42,715,376 Unchanged (€ 42,555,621) Favourable step
Balance sheet total	€ 51,868,059 Balance sheet total 2022: € 51,868,059 First fiscal year in the series	€ 52,874,238 Balance sheet total 2023: € 52,874,238 ▲ 2% vs 2022 (€ 51,868,059) Unchanged	€ 53,594,633 Balance sheet total 2024: € 53,594,633 ▲ 1% vs 2023 (€ 52,874,238) Unchanged	€ 53,427,811 Balance sheet total 2025: € 53,427,811 Unchanged (€ 53,594,633) Unchanged

Key figures of MADO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to MADO?

What happened at MADO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Ann Myriam Donck stepped down as director. NBB
2030 Luc Vandenbulcke stepped down as director. NBB
2030 Frank Donck stepped down as director. NBB
2030 Mathieu Vandenbulcke stepped down as director. NBB
Jan 13, 2026 New annual accounts for financial year 2025: profit of € 159,755 (▼ 76% vs 2024). Source: NBB ↗
2024 Ann Myriam Donck became a director. NBB
2024 Luc Vandenbulcke became a director. NBB
2024 Frank Donck became a director. NBB

In short

From € 346,844 profit in 2022 to € 159,755 profit in 2025.

Paid € 665,729 in corporate taxes since 2022.

Best year ever: 2024, with € 676,640 profit.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Ann Myriam Donck

Director

Also active at: IMDOMA, IMMOBILIEN DONCK, ANFRA, IBERIS, HUON & KAURI

since 2024 · until 2030

Luc Vandenbulcke

Director

Also active at: Koninklijke Belgische Redersvereniging-Union Royale des ARmateurs Belges, VOKA - VLAAMS NETWERK VAN ONDERNEMINGEN, IMDOMA, GasthuisZusters Antwerpen, MEDIUS, IMMOBILIEN DONCK, 3 D, VINCENTIUS +3 more

since 2024 · until 2030

Frank Donck

Director

Also active at: IMDOMA, TER WYNDT, WINGE GOLF, IBERVEST, IMMOBILIEN DONCK, 3 D, ANFRA, IBERIS +12 more

since 2024 · until 2030

Mathieu Vandenbulcke

Director

Also active at: IMDOMA, MEDIUS, IMMOBILIEN DONCK, VINCENTIUS, Woonzorgnet-Dijleland, Zorgcirkels Jongdementie

since 2024 · until 2030

Establishments

Establishment units

Physical locations of this company

Registered office

Onafhankelijkheidslaan 17

9000 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

IMDOMA same network

€ -2,975 gross margin · 2025

IMMOBILIEN DONCK same network

€ 52,887 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0443.817.560
VAT number: BE 0443.817.560
Registered office: Onafhankelijkheidslaan 17, 9000 Gent
Names & denominations: MADO
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 3 April 1991
Peppol: Active · Active since 27 Mar 2026

View on CBE Public ↗ Annual accounts (NBB) ↗

MADO

Financials

What happened to MADO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions