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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MADESMA from Zulte, company number BE0448632027, closed financial year 2025 with a result of € 22,276 after tax. For that financial year MADESMA recorded a gross margin of € 185,683 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 27,962 to € 22,276. 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 July 9, 2026.
€ 1.8 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,276
▼ 20% vs 2024
Profit after tax over the fiscal year.
€ 36,176
▲ 108% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 605,234.
People and assets in 2025
€ 14,458
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 307,152
▼ 17% vs 2024
€ 65,171 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 14,526
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 73,301
▲ € 62,312 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 111,854 | € 159,095 | € 147,405 | € 185,683 | ▲ 26% |
| Profit after taxes | € 27,581 | € 30,298 | € 27,962 | € 22,276 | ▼ 20% |
| Equity | € 550,523 | € 1,719,461 | € 1,740,797 | € 1,763,073 | ▲ 1% |
| Total debts | € 881,899 | € 1,061,499 | € 1,828,995 | € 2,291,804 | ▲ 25% |
| Cash | € 58,461 | € 83,592 | € 17,366 | € 36,176 | ▲ 108% |
| Land & buildings | € 1,285,249 | € 2,486,430 | € 2,766,143 | € 3,957,476 | ▲ 43% |
| Retained profit | € 531,324 | € 561,622 | € 582,958 | € 605,234 | ▲ 4% |
| Bank debt | € 852,220 | € 436,951 | € 372,143 | € 307,152 | ▼ 17% |
| Balance sheet total | € 1,432,422 | € 2,780,960 | € 3,569,792 | € 4,054,877 | ▲ 14% |
Key figures of MADESMA, 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 July 2027.
What happened to MADESMA?
What happened at MADESMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,276 (▼ 20% vs 2024). Source: NBB ↗
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,581 profit in 2022 to € 22,276 profit in 2025.
Paid € 39,163 in corporate taxes since 2022.
Best year ever: 2023, with € 30,298 profit.
Management
Behind MADESMA is Stephan De Sloover. Stephan De Sloover is also behind MADESMA STABLES.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Visserijstraat 27
9870 Zulte
Dries 2
9870 Zulte
Active since 20 January 1993
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.632.027
- VAT number
- BE 0448.632.027
- Registered office
- Visserijstraat 27, 9870 Zulte
- Names & denominations
- MADESMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 November 1992
- Peppol
- Active · Active since 11 Jul 2025
- Activities · NACE
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