Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MADOU from Lievegem, company number BE0476923264, closed financial year 2025 with a result of € 36,157 after tax. For that financial year MADOU recorded a gross margin of € 217,675 and equity of € 156,460. Compared with financial year 2024, the result moved from € 44,727 to € 36,157. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 156,460
▲ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 36,157
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 101,159
▲ 56% 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 € 93,960.
People and assets in 2025
€ 532,508
▲ 124% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 387,467
▲ 229% vs 2024
€ 99,578 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 14,757
▲ € 11,358 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,703
▲ 18% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 123,635 | € 140,552 | € 153,612 | € 217,675 | ▲ 42% |
| Profit after taxes | € -5,525 | € 8,570 | € 44,727 | € 36,157 | ▼ 19% |
| Equity | € 67,006 | € 75,576 | € 120,303 | € 156,460 | ▲ 30% |
| Total debts | € 469,316 | € 357,089 | € 281,314 | € 586,484 | ▲ 108% |
| Cash | € 61,074 | € 76,792 | € 64,961 | € 101,159 | ▲ 56% |
| Land & buildings | € 101,410 | € 83,612 | € 83,588 | € 83,588 | |
| Retained profit | € 4,506 | € 13,076 | € 57,803 | € 93,960 | ▲ 63% |
| Bank debt | € 254,081 | € 178,635 | € 117,754 | € 387,467 | ▲ 229% |
| Balance sheet total | € 536,322 | € 432,665 | € 401,618 | € 742,944 | ▲ 85% |
Key figures of MADOU, 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 MADOU?
What happened at MADOU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 36,157 (▼ 19% vs 2024). Source: NBB ↗
- New establishment in Eeklo. KBO
- New establishment in Lievegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,525 loss in 2022 to € 36,157 profit in 2025.
Paid € 5,288 in corporate taxes since 2022.
Best year ever: 2024, with € 44,727 profit.
Management
Behind MADOU are Annie De Witte, Jo Madou, Luc Madou and Kurt Madou.
Directors
According to the 2025 annual accounts
Annie De Witte
Director
Jo Madou
Director
Luc Madou
Director
Kurt Madou
Director
Establishments
Establishment units
Physical locations of this company
Vaartkant(OW) 19
9931 Lievegem
Slachthuisstraat 1B
9900 Eeklo
Active since 1 January 2005
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.923.264
- VAT number
- BE 0476.923.264
- Registered office
- Vaartkant(OW) 19, 9931 Lievegem
- Names & denominations
- MADOU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2002
- Peppol
- Active · Active since 18 Dec 2024
- Activities · NACE
Personenvervoer door de lucht
Luchtvaart zonder dienstregeling