Skip to content

MADRIAN

Active Private limited companyfounded 2003active for 22 yearsAvenue des Genêts 16, 1490 Court-Saint-EtienneKBO/BCE: BE 0862.033.753

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late
€1,286
▼ 25.9%
-€3,307
▼ €3,748
-€227
▼ €3,377
€58,822
▲ 1.0%
96.4%
▼ 1.6 percentage points
27.20
▼ 22.56

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €13,000. Estimated: probably between €7,500 and €27,000.

Balance sheet

balance sheet total €62,841 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

96.4%

Higher than 95% of 37,177 companies in 2025.

27.20

Higher than 95% of 36,472 companies in 2025.

-0.4%

Higher than 23% of 36,707 companies in 2025.

MADRIAN Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420122011201020092008
Balance sheet: assets
20/58 62,84162,01761,89967,66153,59258,76484,887123,457231,349123,97068,471264,184319,356263,556302,246354,225379,879
21/28 1,7742,6043,8755,1462,7363,1999,32717,17420,71323,7511,193189,297222,606227,874237,484266,957292,819
22/27 1,4572,2873,5584,8292,4192,8829,01016,85620,71323,751651188,755222,064227,333235,847265,326291,210
22 -----------187,600217,486224,128230,769237,411244,053
23 -3231,0601,797--881,3872,8841,1183804976751,6253,0002,8254,655
24 1,4571,9642,4983,0322,4192,8823,3224,2691,0282332716593,9031,5802,0784,0308,213
28 317317317317317317317317--5425425425421,6371,6321,609
29/58 61,06759,41358,02462,51550,85655,56575,560106,284210,636100,22067,27874,88696,75035,68164,76287,26887,060
3 -----1,4553,6436,6251,963----4,6376,45424,98932,441
30/36 -----1,4553,6436,6251,963----4,6376,45411,52425,436
37 ---------------13,4657,005
40/41 60,82459,21258,02462,51548,25248,38070,73485,211203,60082,19259,63764,65791,74528,77551,88841,89447,086
40 -1,1925,30212,3761,465-6,97719,403124,17610,2638,66113,17555,51619,95649,554-45,373
41 60,82458,02052,72350,13846,78748,38063,75865,80979,42471,92950,97651,48236,2298,8182,33441,8941,713
54/58 243201--2,6045,38130511,1531,36114,9364,8621,2465283095,88616,5254,864
490/1 -----3498773,2953,7123,0922,7808,9844,4781,9615343,8602,669
Balance sheet: equity and liabilities
10/49 62,84162,01761,89967,66153,59258,76484,887123,457231,349123,97068,471264,184319,356263,556302,246354,225379,879
10/15 60,59660,82357,67364,81348,46544,23848,26748,69484,99762,05443,11843,82341,904-9,122-41,652-74,922-36,160
10/11 20,46020,46018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
13 --1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 ---1,8601,8601,860-----------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 ---1,8601,8601,860-----------
133 --1,860--------------
14 40,13640,36337,21344,35328,00523,77827,80728,23464,53741,59422,65823,36321,444-29,582-62,112-95,382-56,620
17/49 2,2451,1944,2272,8475,12714,52636,62074,764146,35261,91625,353220,360277,452272,678343,899429,147416,039
17 ------7,22011,64315,93920,112-168,710191,623201,471211,389228,680254,447
170/4 ------7,22011,64315,93920,112-168,710191,623201,471211,389228,680254,447
42/48 2,2451,1944,1632,6975,07014,47129,34563,067130,24841,60125,07951,15585,40671,207121,361200,466161,592
42 -----6,8464,0593,9433,8303,720-11,75010,4649,9189,89625,76733,669
43 --1,622752184-1,615---1,4903,25829,45522,64027,59446,07327,783
430/8 --1,622752184-1,615---1,4903,25829,45522,64027,59446,07327,783
44 2,2451,1142,4601,3641,0894,22312,53424,65546,7695,61510,2859,17812,57511,19720,01083,82371,394
440/4 2,2451,1142,4601,3641,0894,22312,53424,65546,7695,61510,2859,17812,57511,19720,01083,82371,394
46 --------------29,87520,000-
45 -80805802,7963,40211,13734,46929,9769,1168,61213,27812,91227,45133,9867,64214,819
450/3 -80805802,7962,3052,90021,88429,9769,1168,61211,1285,195-1,5472,7505,185
454/9 -----1,0978,23712,585---2,1507,71627,45132,4384,8929,633
47/48 ----1,000---49,67223,1504,69113,69120,000--17,16213,928
492/3 --6415057555554165203274495423-11,149--
Income statement
76A ----7,220-----11,9572,858--18,273--
9900 1,2861,736-5,67718,0975,8254,45112,25440,42561,05661,45539,16431,55289,25983,629102,620101,958197,630
62 -----1472,72366,631-----18,74148,91588,071258,514
630 8301,2711,2718924636,3977,8468,3107,8026,2931,0748,97411,0729,56310,84125,88420,225
631/4 ------------4,637----
640/8 827242,4315066302,1608581,2332,1158193,9952,1031,9241,8302,0003,2652,995
66A 2,936--------4,88943,981---2,517--
9901 -3,307441-9,37916,6994,732-4,253827-35,74951,13949,45434,09420,47571,62653,49540,864-15,262-84,104
75/76B 3,3933,3282,8251701591,2083096817671,23334118846419627238185
75 3,3933,3282,8251701591,2083096817671,23334118846419627238185
65/66B 3136195865206659001,4521,1871,0052,9992,98213,65716,06421,16129,33919,40211,088
65 3136195865206659001,4521,1871,0052,9992,98213,65716,06421,16129,33919,40211,088
9903 -2273,150-7,14116,3494,225-3,945-317-36,25550,90147,688-5709,86356,02632,53127,553-34,626-95,007
67/77 -----185110489,95710,752135-105,000--5,7164,1361
9904 -2273,150-7,14116,3494,227-4,029-426-36,30340,94436,935-7059,87451,02632,53133,269-38,761-95,007
9905 -2273,150-7,14116,3494,227-4,029-426-36,30340,94436,935-7059,87451,02632,53133,269-38,761-95,007
Appropriation of the result
9906 40,13640,36337,21344,35328,00523,77827,80728,23482,53759,59422,65832,36321,444-29,582-62,112-95,382-56,620
14P 40,36337,21344,35328,00523,778------------
694/7 --------18,00018,000-9,000-----
695 --------18,00018,000-9,000-----
Social balance sheet
9087 -----0.10.82-----1.32.34.86
Hours worked1013 -----182,376-----1,3094,9803,44510,584
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 4 older financial years (2004-2007) were filed as documents without figures as data, scans for example.

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00467537.

Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00467537 PDF
31-12-2024 micro format 03-09-2025 2025-00475196 PDF
31-12-2023 micro format 31-08-2024 2024-00447086 PDF
31-12-2022 micro format 18-08-2023 2023-00339473 PDF
31-12-2021 micro format 27-06-2022 2022-20157694 PDF
31-12-2020 micro format 21-06-2021 2021-22000597 PDF
31-12-2019 micro format 29-09-2020 2020-56600328 PDF
31-12-2018 micro format 30-08-2019 2019-60500057 PDF
31-12-2017 micro format 31-08-2018 2018-57300120 PDF
31-12-2016 micro format 31-08-2017 2017-58700286 PDF
31-12-2015 full format 29-09-2016 2016-64500049 PDF
31-12-2014 full format 30-09-2015 2015-63800237 PDF
31-12-2012 full format 31-10-2013 2013-65400159 PDF
31-12-2011 full format 21-12-2012 2012-67100243 PDF
31-12-2010 full format 30-09-2011 2011-57000237 PDF
31-12-2009 full format 31-08-2010 2010-47700212 PDF
31-12-2008 full format 14-07-2009 2009-40300193 PDF
31-12-2007 full format 12-06-2008 2008-20700246 PDF
31-12-2006 full format 12-07-2007 2007-37900355 PDF
31-12-2005 full format 13-06-2006 2006-22600027 PDF
31-12-2004 full format 08-06-2005 2005-20800227 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420122011201020092008
-2,4771,712-8,10917,5915,1952,1448,673-27,43958,94155,74735,16929,44982,69863,05851,70410,622-63,879
6034,421-5,87017,2414,6902,3677,420-27,99448,74643,22837018,84762,09842,09344,110-12,877-74,783
0-003,302026804,7704,76529,39231,013-5,8031,0487,45322249,491
42----2,7775,075-10,8479,791-13,57510,0743,616-218-5,576-10,63911,661-
58,82258,21953,86159,81845,78641,09446,21543,21780,38858,61842,20023,73111,344-35,525-56,599-113,199-74,533
96.4%98.1%93.2%95.8%90.4%75.3%56.9%39.4%36.7%50.1%63.0%16.6%13.1%-3.5%-13.8%-21.2%-9.5%
27.2049.7613.9423.1810.033.842.571.691.622.412.681.461.130.500.530.440.54
27.2049.7613.9423.1810.033.742.451.581.602.412.681.461.130.440.480.310.34
0.040.020.070.040.110.330.761.541.721.000.595.036.62----
-0.4%5.2%-12.4%25.2%8.7%-9.1%-0.9%-74.6%48.2%59.5%-1.6%22.5%121.8%----
-0.4%5.1%-11.5%24.2%7.9%-6.9%-0.5%-29.4%17.7%29.8%-1.0%3.7%16.0%12.3%11.0%-10.9%-25.0%
-7.912.77-13.8333.847.81------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets---€3,302-
€830€1,271€1,271€892€463

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MADRIAN

The operating result for 2025 is a loss of €3,307, after a profit of €441 in 2024.

Debt's share of the balance-sheet total rises from 1.9% to 3.6%. Equity is lower and debt is higher.

Next steps