Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MADHOVER from Oudenaarde, company number BE0473989015, closed financial year 2025 with a result of € -62,325 after tax. For that financial year MADHOVER recorded a gross margin of € 44,758 and equity of € 138,895. Compared with financial year 2024, the result moved from € -36,664 to € -62,325. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 138,895
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -62,325
▼ 70 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,969
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3,859.
People and assets in 2025
€ 96,081
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 308,134
▼ 18% vs 2024
€ 44,762 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 10,035
▲ € 8,064 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,309
▼ 50% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 92,364 | € 80,910 | € 94,375 | € 44,758 | ▼ 53% |
| Profit after taxes | € 35,119 | € 5,593 | € -36,664 | € -62,325 | ▼ € 25,662 |
| Equity | € 232,291 | € 237,884 | € 201,220 | € 138,895 | ▼ 31% |
| Total debts | € 483,840 | € 918,744 | € 858,050 | € 827,041 | ▼ 4% |
| Cash | € 22,766 | € 29,075 | € 15,451 | € 3,969 | ▼ 74% |
| Land & buildings | € 653,104 | € 954,013 | € 875,636 | € 828,909 | ▼ 5% |
| Retained profit | € 97,255 | € 102,848 | € 66,184 | € 3,859 | ▼ 94% |
| Bank debt | € 239,271 | € 420,153 | € 375,429 | € 308,134 | ▼ 18% |
| Balance sheet total | € 716,132 | € 1,156,629 | € 1,059,270 | € 965,936 | ▼ 9% |
Key figures of MADHOVER, 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 MADHOVER?
What happened at MADHOVER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Koen DHONT stepped down as director. NBB
- Anne VERTHÉ stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 62,325. Source: NBB ↗
- Koen DHONT became a director. NBB
- Anne VERTHÉ became a director. NBB
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,119 profit in 2022 to € 62,325 loss in 2025.
Paid € 10,906 in corporate taxes since 2022.
Best year ever: 2022, with € 35,119 profit.
Management
Directors
According to the 2025 annual accounts
since 2012 · until 2029
Anne VERTHÉ
Director
since 2012 · until 2029
Establishments
Establishment units
Physical locations of this company
Ronseweg 142
9700 Oudenaarde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0473.989.015
- VAT number
- BE 0473.989.015
- Registered office
- Ronseweg 142, 9700 Oudenaarde
- Names & denominations
- MADHOVER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 2001
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings