Financials
Financial year 2024
EL MADINA from Namur, company number BE0650973532, closed financial year 2024 with a result of € 109,197 after tax. For that financial year EL MADINA recorded a gross margin of € 580,144 and equity of € 238,388. Compared with financial year 2023, the result moved from € 117,557 to € 109,197. 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 September 27, 2025.
€ 238,388
▲ 33% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 109,197
▼ 7% vs 2023
Profit after tax over the fiscal year.
€ 539,199
▲ 48% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
46 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
€ 389,058
▲ 16% 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.
€ 15,139
▼ 35% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 44,264
▼ 31% vs 2023
€ 20,353 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 537,204
▼ 17% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 213,172
▲ 152% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 100,705 | € 281,433 | € 537,845 | € 580,144 | ▲ 8% |
| Profit after taxes | € -36,892 | € 4,261 | € 117,557 | € 109,197 | ▼ 7% |
| Equity | € 57,373 | € 61,634 | € 179,192 | € 238,388 | ▲ 33% |
| Total debts | € 235,758 | € 2,903,077 | € 793,323 | € 851,349 | ▲ 7% |
| Cash | € 72,798 | € 148,937 | € 364,102 | € 539,199 | ▲ 48% |
| Land & buildings | - | € 91,994 | € 81,951 | € 71,908 | ▼ 12% |
| Retained profit | € 38,773 | € 43,034 | € 160,592 | € 219,788 | ▲ 37% |
| Dividend | € 0 | € 0 | € 0 | € 50,000 | |
| Bank debt | € 0 | € 22,237 | € 64,258 | € 44,264 | ▼ 31% |
| Balance sheet total | € 293,132 | € 2,964,712 | € 972,514 | € 1,089,738 | ▲ 12% |
Key figures of EL MADINA, 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 EL MADINA?
What happened at EL MADINA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Namur. KBO
- New annual accounts for financial year 2024: profit of € 109,197 (▼ 7% vs 2023). filed late Source: NBB ↗
- Abdesamed Laqdach became a director. NBB
- New establishment in Namur. KBO
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 36,892 loss in 2021 to € 109,197 profit in 2024.
Paid € 58,818 in corporate taxes since 2021.
Best year ever: 2023, with € 117,557 profit.
Paid out € 50,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Abdesamed Laqdach
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Avenue des Combattants 7
5000 Namur
Avenue Gouverneur Bovesse(JB) 66A
5100 Namur
Active since 22 June 2021
Avenue des Combattants 24
5000 Namur
Active since 1 April 2026
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0650.973.532
- VAT number
- BE 0650.973.532
- Registered office
- Avenue des Combattants 7, 5000 Namur
- Names & denominations
- EL MADINA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2016
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte
Activiteiten van slachthuizen
Verwerking en conservering van vlees, exclusief vlees van gevogelte
Vervaardiging van producten van vlees of van vlees van gevogelte
Verwerking en conservering van vlees van gevogelte
Groothandel in andere voedingsmiddelen, neg
Detailhandel in groenten en fruit