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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MADOFRAL from Hamoir, company number BE0809610993, closed financial year 2025 with a result of € 8,452 after tax. For that financial year MADOFRAL recorded a gross margin of € 38,453 and equity of € -23,752. Compared with financial year 2024, the result moved from € -265 to € 8,452. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2026.
€ -23,752
▲ € 452 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,452
▲ still € 265 loss in 2024
Profit after tax over the fiscal year.
€ 13,472
▲ € 13,471 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 8,000 paid out
95 % of the profit went to the shareholders, mostly to MARGEST (50 % of the shares). That is where the money ends up.
People and assets in 2025
€ 24,293
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,883
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,502
Supplier invoices still open on the last day of the fiscal year.
€ 7,190
▲ € 7,140 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -85 | € -96 | € -98 | € 38,453 | ▲ € 38,551 |
| Profit after taxes | € -1,009 | € -648 | € -265 | € 8,452 | ▲ € 8,717 |
| Equity | € -23,290 | € -23,939 | € -24,204 | € -23,752 | ▲ € 452 |
| Total debts | € 33,997 | € 34,577 | € 34,842 | € 71,593 | ▲ 105% |
| Cash | € 104 | € 20 | € 2 | € 13,472 | ▲ € 13,471 |
| Retained profit | € -29,490 | € -30,139 | € -30,404 | € -29,952 | ▲ € 452 |
| Dividend | € 0 | € 0 | € 0 | € 8,000 | |
| Balance sheet total | € 10,707 | € 10,639 | € 10,639 | € 47,841 | ▲ € 37,202 |
Key figures of MADOFRAL, 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 MADOFRAL?
What happened at MADOFRAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,452. filed late Source: NBB ↗
- MARGEST SPRL became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Hamoir. KBO
In short
From € 1,009 loss in 2022 to € 8,452 profit in 2025.
Best year ever: 2025, with € 8,452 profit.
Paid out € 8,000 in dividends to the owners in total.
Management
The stake of MARGEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MADOFRALBehind MADOFRAL is MARGEST SPRL. The shares are held by MARGEST (50%).
Directors
According to the 2025 annual accounts
Manager · represented by Thierry WERY
Also active at: BFOX COMPANY, MAGNETICO POLISSAGE DE PRECISION
since 2021
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Pont 25C
4180 Hamoir
Rue du Pont 25 C
4180 Hamoir
Active since 3 February 2009
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0809.610.993
- VAT number
- BE 0809.610.993
- Registered office
- Rue du Pont 25C, 4180 Hamoir
- Names & denominations
- MADOFRAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 2009
- Peppol
- Active · Active since 6 Nov 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Activiteiten van holdings
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Holdings