MADIN is a property company in Lichtervelde. Public Limited, started on 4 July 1994, 1 establishment.

What is the address of MADIN?

The registered office of MADIN is located at Diksmuidseboterweg 4, 8810 Lichtervelde.

Is MADIN still active?

Yes. According to the CBE (29 October 2026) MADIN is active, legal situation “Normale toestand”, started on 4 July 1994.

Is MADIN registered on Peppol?

Yes, MADIN is registered on the Peppol network with ID 0208:0453046220.

What is the enterprise number of MADIN?

The enterprise number of MADIN is BE0453046220.

When was MADIN founded?

MADIN was founded on 4 July 1994.

Who are the directors of MADIN?

According to the 2024 annual accounts, the directors of MADIN are: Carole Maes.

Is MADIN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 4 July 1994; 5 annual accounts filed, latest fiscal year 2024; 1 directors known from the annual account.

How much profit did MADIN make in 2024?

MADIN posted a profit after taxes of € 274,240 in financial year 2024.

What is the revenue of MADIN?

As a small company, MADIN is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € -16,508.

How much does an employee at MADIN earn?

The average wage cost per full-time employee at MADIN was € 113,300 in 2022: staff costs of € 1.2 million for 10.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MADIN have?

According to the 2024 annual accounts, MADIN has 0.2 full-time equivalents (FTE).

MADIN (Public Limited) - Lichtervelde - BE0453046220

Dossier MADIN, printed on 29 October 2026 from databakkes.be/en/0453046220/madin. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2024

MADIN from Lichtervelde, company number BE0453046220, closed financial year 2024 with a result of € 274,240 after tax. For that financial year MADIN recorded a gross margin of € -16,508 and equity of € 43.4 million. Compared with financial year 2023, the result moved from € -292,763 to € 274,240. 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 May 21, 2025.

What it is worth Growing

€ 43.4 million

▲ 1% vs 2023

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

Profit Growing

€ 274,240

▲ still € 292,763 loss in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 201,005

▼ 97% vs 2023

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

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 7.2 million.

People and assets in 2024

Full-time equivalents

0.2

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

Wage cost

€ 11,589

▼ 60% vs 2023

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2024

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 4.6 million

▼ 46% vs 2023

€ 910,000 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 1,123

▼ 99% vs 2023

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

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	-	-	-	€ -16,508 Gross margin 2024: € -16,508 First fiscal year in the series
Profit after taxes	€ -9,470,037 Profit after taxes 2021: € -9,470,037 First fiscal year in the series	€ -33,914,095 Profit after taxes 2022: € -33,914,095 ▼ € 24.4 million vs 2021 (€ -9,470,037) Unfavourable step	€ -292,763 Profit after taxes 2023: € -292,763 ▲ € 33.6 million vs 2022 (€ -33,914,095) Favourable step	€ 274,240 Profit after taxes 2024: € 274,240 ▲ € 567,003 vs 2023 (€ -292,763) Favourable step	▲ € 567,003
Equity	€ 75,867,125 Equity 2021: € 75,867,125 First fiscal year in the series	€ 45,936,412 Equity 2022: € 45,936,412 ▼ 39% vs 2021 (€ 75,867,125) Unfavourable step	€ 43,143,650 Equity 2023: € 43,143,650 ▼ 6% vs 2022 (€ 45,936,412) Unfavourable step	€ 43,417,890 Equity 2024: € 43,417,890 ▲ 1% vs 2023 (€ 43,143,650) Favourable step	▲ 1%
Total debts	€ 9,535,926 Total debts 2021: € 9,535,926 First fiscal year in the series	€ 12,520,382 Total debts 2022: € 12,520,382 ▲ 31% vs 2021 (€ 9,535,926) Unfavourable step	€ 10,308,436 Total debts 2023: € 10,308,436 ▼ 18% vs 2022 (€ 12,520,382) Favourable step	€ 5,362,645 Total debts 2024: € 5,362,645 ▼ 48% vs 2023 (€ 10,308,436) Favourable step	▼ 48%
Cash	€ 2,386,137 Cash 2021: € 2,386,137 First fiscal year in the series	€ 2,601,843 Cash 2022: € 2,601,843 ▲ 9% vs 2021 (€ 2,386,137) Favourable step	€ 6,817,420 Cash 2023: € 6,817,420 ▲ 162% vs 2022 (€ 2,601,843) Favourable step	€ 201,005 Cash 2024: € 201,005 ▼ 97% vs 2023 (€ 6,817,420) Unfavourable step	▼ 97%
Retained profit	€ 41,137,079 Retained profit 2021: € 41,137,079 First fiscal year in the series	€ 7,222,984 Retained profit 2022: € 7,222,984 ▼ 82% vs 2021 (€ 41,137,079) Unfavourable step	€ 6,930,222 Retained profit 2023: € 6,930,222 ▼ 4% vs 2022 (€ 7,222,984) Unfavourable step	€ 7,204,462 Retained profit 2024: € 7,204,462 ▲ 4% vs 2023 (€ 6,930,222) Favourable step	▲ 4%
Bank debt	€ 8,733,873 Bank debt 2021: € 8,733,873 First fiscal year in the series	€ 10,142,897 Bank debt 2022: € 10,142,897 ▲ 16% vs 2021 (€ 8,733,873) Unfavourable step	€ 8,460,000 Bank debt 2023: € 8,460,000 ▼ 17% vs 2022 (€ 10,142,897) Favourable step	€ 4,550,000 Bank debt 2024: € 4,550,000 ▼ 46% vs 2023 (€ 8,460,000) Favourable step	▼ 46%
Balance sheet total	€ 85,403,051 Balance sheet total 2021: € 85,403,051 First fiscal year in the series	€ 58,456,794 Balance sheet total 2022: € 58,456,794 ▼ 32% vs 2021 (€ 85,403,051) Unchanged	€ 53,452,085 Balance sheet total 2023: € 53,452,085 ▼ 9% vs 2022 (€ 58,456,794) Unchanged	€ 48,780,535 Balance sheet total 2024: € 48,780,535 ▼ 9% vs 2023 (€ 53,452,085) Unchanged	▼ 9%
Employees (FTE)	10.4 Employees (FTE) 2021: 10.4 First fiscal year in the series	10.2 Employees (FTE) 2022: 10.2 ▼ 0.2 vs 2021 (10.4) Unchanged	0.2 Employees (FTE) 2023: 0.2 ▼ 10 vs 2022 (10.2) Unchanged	0.2 Employees (FTE) 2024: 0.2 Unchanged (0.2) Unchanged

Key figures of MADIN, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to MADIN?

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

2029 Carole Maes stepped down as director. NBB
May 21, 2025 New annual accounts for financial year 2024: profit of € 274,240. Source: NBB ↗
2023 Carole Maes became a director. NBB
Aug 30, 1994 New establishment in Lichtervelde. KBO
Jul 4, 1994 Start of the company according to the CBE. KBO

In short

From € 9.5 million loss in 2021 to € 274,240 profit in 2024.

Paid € 28,377 in corporate taxes since 2021.

Best year ever: 2024, with € 274,240 profit.

Original PDFs at the National Bank ↗

Management

MADIN

Luca Invest 100%

Hevebra 100%

Harbourview Invest 20%

Boardwalk Invest 10%

It owns 100% of Luca Invest, 100% of Hevebra, 20% of Harbourview Invest, 10% of Boardwalk Invest, 10% of De Haan Construct and 10% of Mare Nostra itself.

Directors

According to the 2024 annual accounts

Carole Maes

Director

Also active at: Mare Nostra, BriQasa, De Haan Construct, Harbourview Invest, Boardwalk Invest

since 2023 · until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Diksmuidseboterweg 4

8810 Lichtervelde

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

LUCA INVEST same network

€ 87,407 gross margin · 2024

Maloubema

Malou Invest

EMMA LAROC

€ 67,819 gross margin · 2025

Malou Invest - Knokkelicht

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

Details

Company number: 0453.046.220
VAT number: BE 0453.046.220
Registered office: Diksmuidseboterweg 4, 8810 Lichtervelde
Names & denominations: MADIN
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 4 July 1994
Peppol: Active · Active since 9 Dec 2025
Activities · NACE: Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗