MARDAN
InactiveInactive; last annual accounts for fiscal year 2024. Dissolved without liquidation on 10-12-2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2024
8 d late
2023
26 d late
2022
on the day
2021
17 d late
2020
38 d early
2019
57 d early
2018
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Equity
€147,588▼ 9.4%
2023 · €162,933
Total assets
€156,733▼ 6.1%
2023 · €166,835
Net result
-€15,345
2023 · €83
Working capital
€142,114▼ 6.8%
2023 · €152,411
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,065▲ 87.7%-€5,882€10,420€805▼ 92.3%-€15,234
Net result€9,937▲ 327%-€7,886€4,797€83▼ 98.3%-€15,345
Equity€165,939▲ 1.2%€158,053▼ 4.8%€162,850▲ 3.0%€162,933▲ 0.1%€147,588▼ 9.4%
Total assets€205,538▼ 2.4%€164,426▼ 20.0%€170,224▲ 3.5%€166,835▼ 2.0%€156,733▼ 6.1%
Debt€39,599▼ 15.0%€6,373▼ 83.9%€7,374▲ 15.7%€3,903▼ 47.1%€9,145▲ 134%
Working capital€155,828▼ 1.1%€147,794▼ 5.2%€150,509▲ 1.8%€152,411▲ 1.3%€142,114▼ 6.8%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15,234 after €805 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €156,733
Fixed assets
€5,474 ▼ 48.0%
Current assets
€151,259 ▼ 3.2%
Equity and liabilities €156,733
Equity
€147,588 ▼ 9.4%
Debt
€9,145 ▲ 134%
Debt's share of the balance-sheet total rises from 2.3% to 5.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,186▼
2023 · €6,729
Cash flow
-€10,297▼
2023 · €6,007
Current ratio
16.54▼
2023 · 40.05
Debt to equity
0.06▲
2023 · 0.02
ROE
-10.4%▼
2023 · 0.1%
ROA
-9.8%▼
2023 · 0.0%
Interest coverage
-46.86▼
2023 · 27.88
Debt ≤ 1 year
€9,145▲
2023 · €3,903
Income taxes
€0▼
2023 · €519
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,932 | €8,363 | €3,712 | €5,924 | €5,048 | ▼ 14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €355 | €792 | -€792 | ▼ 200% |
| Other operating charges640/8 | - | €3,283 | €1,126 | €961 | €2,004 | ▲ 109% |
| Gross operating margin9900 | €22,167 | €5,764 | €15,614 | €8,481 | -€8,974 | ▼ 206% |
| Operating profit (loss)9901 | €13,065 | -€5,882 | €10,420 | €805 | -€15,234 | ▼ 1,993% |
| Financial income75/76B | - | - | €13 | €38 | €107 | ▲ 181% |
| Recurring financial income75 | €1,006 | - | €13 | €38 | €107 | ▲ 181% |
| Financial charges65/66B | - | €395 | €314 | €241 | €217 | ▼ 9.9% |
| Recurring financial charges65 | €671 | €395 | €314 | €241 | €217 | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €13,400 | -€6,277 | €10,119 | €602 | -€15,345 | ▼ 2,651% |
| Income taxes67/77 | €3,463 | €1,609 | €5,322 | €519 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €9,937 | -€7,886 | €4,797 | €83 | -€15,345 | ▼ 18,623% |
| Profit (loss) for the period to be appropriated9905 | €9,937 | -€7,886 | €4,797 | €83 | -€15,345 | ▼ 18,623% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €205,538 | €164,426 | €170,224 | €166,835 | €156,733 | ▼ 6.1% |
| Fixed assets21/28 | €13,637 | €10,259 | €12,341 | €10,521 | €5,474 | ▼ 48.0% |
| Tangible fixed assets22/27 | €12,447 | €9,070 | €11,151 | €9,331 | €4,284 | ▼ 54.1% |
| Plant, machinery and equipment23 | - | €4,656 | €6,561 | €4,254 | €2,430 | ▼ 42.9% |
| Furniture and vehicles24 | - | €4,414 | €4,590 | €5,078 | €1,854 | ▼ 63.5% |
| Financial fixed assets28 | €1,190 | €1,190 | €1,190 | €1,190 | €1,190 | = |
| Current assets29/58 | €191,901 | €154,167 | €157,884 | €156,314 | €151,259 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €157,254 | €147,808 | €154,023 | €137,155 | €132,078 | ▼ 3.7% |
| Trade receivables40 | - | €22,128 | €28,887 | €13,172 | €20,440 | ▲ 55.2% |
| Other amounts receivable41 | - | €125,680 | €125,136 | €123,982 | €111,638 | ▼ 10.0% |
| Cash at bank and in hand54/58 | €34,647 | €6,358 | €3,036 | €18,174 | €18,205 | ▲ 0.2% |
| Deferred charges and accrued income490/1 | - | - | €824 | €986 | €977 | ▼ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €205,538 | €164,426 | €170,224 | €166,835 | €156,733 | ▼ 6.1% |
| Equity10/15 | €165,939 | €158,053 | €162,850 | €162,933 | €147,588 | ▼ 9.4% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €147,347 | €139,461 | €144,258 | €144,341 | €144,341 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | - | - |
| Other1319 | - | - | - | - | €1,859 | - |
| Distributable reserves133 | - | €137,602 | €142,398 | €142,481 | €142,481 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€15,345 | - |
| Amounts payable17/49 | €39,599 | €6,373 | €7,374 | €3,903 | €9,145 | ▲ 134% |
| Amounts payable after more than one year17 | €3,526 | - | - | - | - | - |
| Amounts payable within one year42/48 | €36,073 | €6,373 | €7,374 | €3,903 | €9,145 | ▲ 134% |
| Current portion of amounts payable after more than one year42 | - | €3,526 | - | - | - | - |
| Trade debts44 | €19,897 | €1,883 | €7,374 | €3,903 | €9,145 | ▲ 134% |
| Suppliers440/4 | - | €1,883 | €7,374 | €3,903 | €9,145 | ▲ 134% |
| Taxes, remuneration and social security45 | - | €773 | - | - | - | - |
| Taxes450/3 | - | €773 | - | - | - | - |
| Other amounts payable47/48 | - | €191 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,937 | -€7,886 | €4,797 | €83 | -€15,345 | ▼ 18,623% |
| + Depreciation and write-downs630 | €6,932 | €8,363 | €3,712 | €5,924 | €5,048 | ▼ 14.8% |
| Operating cash flow (approximation) | €16,869 | €477 | €8,509 | €6,007 | -€10,297 | ▼ 271% |
| Investment in fixed assets (approximation) | - | -€4,985 | -€5,794 | -€4,105 | €0 | ▲ 100% |
| Change in cash | - | -€28,289 | -€3,322 | €15,137 | €31 | ▼ 99.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
06-02
State Gazette act
Restructuring · End & cessationPermanent representatives: Dodson George and Berghmans Ilse · Merger · Share cancellation9 facts ▸
State Gazette act
Restructuring · End & cessation
Permanent representatives: Dodson George and Berghmans Ilse · Merger · Share cancellation9 facts ▸
- General meeting, 10-12-2025
- Merger, 10-12-2025
- Share cancellation, merger
- Dissolution, 10-12-2025
- Accounting effect, 01-07-2025
- Permanent representative, Dodson George
- Permanent representative, Berghmans Ilse
- Merger proposal, 16-10-2025, 0136515
- Guarantee preservation
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
31-12
Financial
Weakest financial yearnet -€15,345
Net result drops to -€15,345, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €4,797
Net result €4,797 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
31-12
Financial
Liquidity times 5current ratio 24.19
Current ratio from 5.32 to 24.19; short-term debt falls from €36,073 to €6,373.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.16
Current ratio from 2.54 to 5.16; short-term debt falls from €101,527 to €37,865.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- DODCOM
- MARDAN
Highest known parent: DODCOM. The sources do not say who stands above it.
Owners 1
- DODCOMparentSourceaccounts DODCOM 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:DODCOM