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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MADEVCO from Rixensart, company number BE0876792403, closed financial year 2025 with a result of € -27,562 after tax. For that financial year MADEVCO recorded a gross margin of € 99,259 and equity of € -209,385. Compared with financial year 2024, the result moved from € -25,341 to € -27,562. The company made a loss. 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 August 21, 2026.
€ -209,385
▼ € 27,562 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -27,562
▼ 9 % more loss than in 2024
Profit after tax over the fiscal year.
€ 10,690
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -221,785.
People and assets in 2025
€ 70
▲ 52% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 589,182
▼ 9% vs 2024
€ 61,914 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 36,476
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,355
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 65,821 | € 79,288 | € 105,060 | € 99,259 | ▼ 6% |
| Profit after taxes | € -109,477 | € -49,952 | € -25,341 | € -27,562 | ▼ € 2,221 |
| Equity | € -106,529 | € -156,481 | € -181,822 | € -209,385 | ▼ € 27,562 |
| Total debts | € 996,229 | € 952,302 | € 903,144 | € 793,395 | ▼ 12% |
| Cash | € 48,158 | € 10,515 | € 41,011 | € 10,690 | ▼ 74% |
| Land & buildings | € 840,275 | € 752,032 | € 658,264 | € 562,953 | ▼ 14% |
| Retained profit | € -118,929 | € -168,881 | € -194,222 | € -221,785 | ▼ € 27,562 |
| Bank debt | € 771,090 | € 712,821 | € 650,445 | € 589,182 | ▼ 9% |
| Balance sheet total | € 889,700 | € 795,821 | € 721,322 | € 584,010 | ▼ 19% |
Key figures of MADEVCO, 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 MADEVCO?
What happened at MADEVCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 27,562. filed late Source: NBB ↗
- Christian Robert became a director. NBB
- Jonathan Robert became a director. NBB
- New establishment in Sint-Pieters-Woluwe. KBO
- Start of the company according to the CBE. KBO
In short
From € 109,477 loss in 2022 to € 27,562 loss in 2025.
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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
Behind MADEVCO are Jonathan Robert and Christian Robert.
Directors
According to the 2025 annual accounts
Jonathan Robert
Director
since 2012
Christian Robert
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Avenue des Genêts 8
1332 Rixensart
François Desmedtstraat 139
1150 Sint-Pieters-Woluwe
Active since 28 November 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
- 0876.792.403
- VAT number
- BE 0876.792.403
- Registered office
- Avenue des Genêts 8, 1332 Rixensart
- Names & denominations
- MADEVCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 October 2005
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
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