Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MADRE from Alveringem, company number BE0667747802, closed financial year 2025 with a result of € 9,078 after tax. For that financial year MADRE recorded a gross margin of € 34,634 and equity of € 46,957. Compared with financial year 2024, the result moved from € 6,443 to € 9,078. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 46,957
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,078
▲ 41% vs 2024
Profit after tax over the fiscal year.
€ 7,701
▲ 60% 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 € 40,757.
People and assets in 2025
€ 1,094
▼ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 14,846
▼ 46% vs 2024
€ 12,706 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 1,097
▲ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,477
▼ 9% 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 | € 57,410 | € 33,683 | € 31,991 | € 34,634 | ▲ 8% |
| Profit after taxes | € 18,571 | € 1,190 | € 6,443 | € 9,078 | ▲ 41% |
| Equity | € 30,245 | € 31,436 | € 37,878 | € 46,957 | ▲ 24% |
| Total debts | € 221,361 | € 211,520 | € 188,749 | € 162,414 | ▼ 14% |
| Cash | € 1,965 | € 2,212 | € 4,826 | € 7,701 | ▲ 60% |
| Land & buildings | € 243,556 | € 227,236 | € 210,916 | € 194,596 | ▼ 8% |
| Retained profit | € 24,045 | € 25,236 | € 31,678 | € 40,757 | ▲ 29% |
| Bank debt | € 51,602 | € 39,572 | € 27,323 | € 14,846 | ▼ 46% |
| Balance sheet total | € 251,606 | € 242,956 | € 226,627 | € 209,371 | ▼ 8% |
Key figures of MADRE, 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 MADRE?
What happened at MADRE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,078 (▲ 41% vs 2024). Source: NBB ↗
- New establishment in Alveringem. KBO
- Antoon Denorme became a director. NBB
- Kathleen Matthieu became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,571 profit in 2022 to € 9,078 profit in 2025.
Paid € 24,345 in corporate taxes since 2022.
Best year ever: 2022, with € 18,571 profit.
Management
Behind MADRE are Antoon Denorme and Kathleen Matthieu.
Directors
According to the 2025 annual accounts
Antoon Denorme
Director
since 2016
Kathleen Matthieu
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Putstraat 22
8690 Alveringem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0667.747.802
- VAT number
- BE 0667.747.802
- Registered office
- Putstraat 22, 8690 Alveringem
- Names & denominations
- MADRE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2016
- Peppol
- Active · Active since 15 Apr 2026
- Activities · NACE
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