MAD Advising
ActiveMAD Advising has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.34B and a net result of €7.28M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
68
/ 100
Healthy▼ -3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3=
Solvency100▲+22
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.26 against 1.01 in 2024), and 0.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.7%
Return on assets
0.5%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
66 d early
2024
29 d late
2023
131 d early
2022
35 d early
2021
31 d late
2020
25 d late
2019
47 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.34B▲ 0.4%
2024 · €1.33B
2019: €4k
2020: €-9k
2021: €-21k
2022: €-36k
2023: €1.32B
2024: €1.33B
2019 → 2025
Total assets
€1.34B▲ 0.3%
2024 · €1.34B
2019: €35k
2020: €7k
2021: €11k
2022: €16k
2023: €1.32B
2024: €1.34B
2019 → 2025
Net result
€7.28M▼ 0.9%
2024 · €7.35M
2019: €-15k
2020: €-13k
2021: €-12k
2022: €-14k
2023: €-238k
2024: €7.35M
2019 → 2025
Working capital
€4.42M▲ 5,946%
2024 · €73k
2019: €4k
2020: €-9k
2021: €-21k
2022: €-40k
2023: €-327k
2024: €73k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-21k-€-36k▼ 68.1%€1.32B€1.33B▲ 0.6%€1.34B▲ 0.4%
Operating result€-12k-€-14k▼ 20.7%€-237k▼ 1,571%€-507k▼ 114%€-2.21M▼ 336%
Net result€-12k-€-14k▼ 18.0%€-238k▼ 1,551%€7.35M€7.28M▼ 0.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.21M in 2025 against €507k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34B
Fixed assets
€1.33B▲ 0.1%
Current assets
€7.93M▲ 43.3%
Equity and liabilities €1.34B
Equity
€1.34B▲ 0.4%
Debt
€3.51M▼ 35.7%
The debt ratio falls from 0.4% to 0.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€-2.21M▼
2024 · €-506k
Cash flow
€7.28M▼
2024 · €7.35M
Solvency
99.7%▲
2024 · 99.6%
Current ratio
2.26▲
2024 · 1.01
Quick ratio
2.26▲
2024 · 1.01
Debt / equity
0.00▼
2024 · 0.00
ROE
0.5%▼
2024 · 0.6%
ROA
0.5%▼
2024 · 0.6%
Interest coverage
-17.49▲
2024 · -24.85
Debt
€3.51M▼
2024 · €5.46M
Debt ≤ 1 year
€3.51M▼
2024 · €5.46M
Income taxes
€133=
2024 · €133
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.34B€1.34B▲
Fixed assets21/28€1.33B€1.33B▲
Tangible fixed assets22/27€2k€33k▲
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26-€29k
Financial fixed assets28€1.33B€1.33B▲
Current assets29/58€5.53M€7.93M▲
Amounts receivable after more than one year29-€290k
Other amounts receivable291-€290k
Amounts receivable within one year40/41€1.24M€2.76M▲
Trade receivables40-€56k
Other amounts receivable41€1.24M€2.71M▲
Current investments50/53€387k€826k▲
Cash at bank and in hand54/58€3.91M€4.03M▲
Deferred charges and accrued income490/1€2k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.34B€1.34B▲
Equity10/15€1.33B€1.34B▲
Contributions10/11€1.32B€1.32B=
Profit (loss) carried forward14€7.06M€12.91M▲
Amounts payable17/49€5.46M€3.51M▼
Amounts payable within one year42/48€5.46M€3.51M▼
Trade debts44€53k€168k▲
Suppliers440/4€53k€168k▲
Other amounts payable47/48€5.40M€3.34M▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€110k
Other operating charges640/8€387€2k▲
Gross operating margin9900€-506k€-2.10M▼
Operating profit (loss)9901€-507k€-2.21M▼
Financial income75/76B€7.88M€9.82M▲
Recurring financial income75€7.88M€9.82M▲
Financial charges65/66B€20k€322k▲
Recurring financial charges65€20k€127k▲
Non-recurring financial charges66B-€195k
Profit (loss) for the period before taxes9903€7.35M€7.28M▼
Income taxes67/77€133€133=
Profit (loss) for the period9904€7.35M€7.28M▼
Profit (loss) for the period to be appropriated9905€7.35M€7.28M▼
Appropriation of the result
Profit (loss) to be appropriated9906€7.06M€14.34M▲
Profit (loss) brought forward from the previous period14P€-292k€7.06M▲
Profit to be distributed694/7-€1.43M
Return on contributions (dividend)694-€1.43M
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 2.26
Current ratio from 1.01 to 2.26; short-term debt falls from €5.46M to €3.51M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €7.35M
Net result €7.35M after 5 loss-making years.
31-12
Financial
Liquidity times 142current ratio 1.01
Current ratio from 0.01 to 1.01.
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-238k
Net result drops to €-238k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1000MEq €1.32B
Equity rises from €-36k to €1.32B.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gulden-Sporenlaan 111050 ElseneGround area
769 m²
Building footprint
285 m²
Volume, LiDAR
4,765 m³
2 parcels, Brussels · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
MAD Advising
since 20192.283.685.054
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0086/00R011 | Brussels | 547 m² | 1 · 199 m² | 23.9 m · 7 fl. |
| 21443C0181/00R007 | Brussels | 222 m² | 1 · 86 m² | 19.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
699400DG2O7X30IRRN14
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 95 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2019
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:laurence@edgeprivate.be