Financials
Financial year 2025
MADOC from Ieper, company number BE0452003172, closed financial year 2025 with a result of € 17,867 after tax. For that financial year MADOC recorded a gross margin of € 106,004 and equity of € 2,123. Compared with financial year 2024, the result moved from € -272,766 to € 17,867. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 2,123
▲ € 39,746 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,867
▲ still € 272,766 loss in 2024
Profit after tax over the fiscal year.
€ 286
▼ 98% 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 € -211,077.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 80,286
▼ 36% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,500
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 70,570
▼ 73% vs 2024
€ 31,299 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 62,427
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,890
▼ 58% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 183,443 | € 238,901 | € -93,170 | € 106,004 | ▲ € 199,173 |
| Profit after taxes | € 1,783 | € 15,090 | € -272,766 | € 17,867 | ▲ € 290,634 |
| Equity | € -129,947 | € -114,857 | € -37,623 | € 2,123 | ▲ € 39,746 |
| Total debts | € 531,393 | € 502,122 | € 591,979 | € 158,012 | ▼ 73% |
| Cash | € 5,832 | € 1,758 | € 17,332 | € 286 | ▼ 98% |
| Retained profit | € -343,147 | € -328,057 | € -250,823 | € -211,077 | ▲ € 39,746 |
| Bank debt | € 367,641 | € 345,076 | € 258,167 | € 70,570 | ▼ 73% |
| Balance sheet total | € 401,446 | € 387,266 | € 554,357 | € 160,135 | ▼ 71% |
| Employees (FTE) | 0 | 1.8 | - | - |
Key figures of MADOC, 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 MADOC?
What happened at MADOC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,867. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,783 profit in 2022 to € 17,867 profit in 2025.
Paid € 895 in corporate taxes since 2022.
Best year ever: 2025, with € 17,867 profit.
On average € 132,700 of value added per employee in 2023.
Management
Behind MADOC is Benny Kerkhof.
Directors
According to the 2025 annual accounts
Benny Kerkhof
Director
Establishments
Establishment units
Physical locations of this company
Dikkebusseweg 164
8900 Ieper
Coupure 261
9000 Gent
Active since 7 March 1994
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.003.172
- VAT number
- BE 0452.003.172
- Registered office
- Dikkebusseweg 164, 8900 Ieper
- Names & denominations
- MADOC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 1994
- Peppol
- Active · Active since 3 Jul 2025
- Contact
- [email protected]
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