MaD Consulting
ActiveSummary
MaD Consulting has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €76k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 54% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency86▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.48 in 2024; short-term debt: 39.2% and cash: 43% of total assets), and 39.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
60.8%
Return on assets
48.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
21 d late
2023
21 d late
2022
137 d late
2021
20 d early
2020
8 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€95k▲ 59.1%
2024 · €59k
2019: €23klowest in 7 years
2020: €54k▲ +139% vs 2019
2021: €63k▲ +16.3% vs 2020
2022: €54k▼ -13.0% vs 2021
2023: €52k▼ -4.8% vs 2022
2024: €59k▲ +14.7% vs 2023
2025: €95k▲ +59.1% vs 2024highest in 7 years
2019 → 2025
Total assets
€156k▲ 56.5%
2024 · €100k
2019: €29klowest in 7 years
2020: €68k▲ +130% vs 2019
2021: €63k▼ -6.1% vs 2020
2022: €55k▼ -13.7% vs 2021
2023: €53k▼ -3.9% vs 2022
2024: €100k▲ +88.9% vs 2023
2025: €156k▲ +56.5% vs 2024highest in 7 years
2019 → 2025
Net result
€76k▲ 166%
2024 · €29k
2019: €16k
2020: €31k▲ +92.0% vs 2019
2021: €-4k▼ -112% vs 2020
2022: €-8k▼ -125% vs 2021lowest in 7 years
2023: €-3k▲ +67.6% vs 2022
2024: €29k▲ +1187% vs 2023
2025: €76k▲ +166% vs 2024highest in 7 years
2019 → 2025
Working capital
€79k▲ 33.0%
2024 · €59k
2019: €21klowest in 7 years
2020: €50k▲ +133% vs 2019
2021: €60k▲ +20.3% vs 2020
2022: €53k▼ -11.4% vs 2021
2023: €52k▼ -2.8% vs 2022
2024: €59k▲ +14.7% vs 2023
2025: €79k▲ +33.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€54k▼ 13.0%€52k▼ 4.8%€59k▲ 14.7%€95k▲ 59.1%
2021: €63k
2022: €54k▼ -13.0% vs 2021
2023: €52k▼ -4.8% vs 2022lowest in 5 years
2024: €59k▲ +14.7% vs 2023
2025: €95k▲ +59.1% vs 2024highest in 5 years
Operating result€-9k-€-9k▲ 1.3%€-3k▲ 64.8%€34k€98k▲ 191%
2021: €-9klowest in 5 years
2022: €-9k▲ +1.3% vs 2021
2023: €-3k▲ +64.8% vs 2022
2024: €34k▲ +1218% vs 2023
2025: €98k▲ +191% vs 2024highest in 5 years
Net result€-4k-€-8k▼ 125%€-3k▲ 67.6%€29k€76k▲ 166%
2021: €-4k
2022: €-8k▼ -125% vs 2021lowest in 5 years
2023: €-3k▲ +67.6% vs 2022
2024: €29k▲ +1187% vs 2023
2025: €76k▲ +166% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 191% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€16k ▲ 2,932%
Current assets
€140k ▲ 41.2%
Equity and liabilities €156k
Equity
€95k ▲ 59.1%
Debt
€61k ▲ 52.7%
Debt's share of the balance-sheet total falls from 40.2% to 39.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€103k▲
2024 · €34k
Cash flow
€81k▲
2024 · €29k
Current ratio
2.29▼
2024 · 2.48
Debt to equity
0.65▼
2024 · 0.67
ROE
80.3%▲
2024 · 48.1%
ROA
48.8%▲
2024 · 28.8%
Interest coverage
659.54▲
2024 · 336.12
Debt ≤ 1 year
€61k▲
2024 · €40k
Income taxes
€22k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€100k€156k▲
Fixed assets21/28€527€16k▲
Tangible fixed assets22/27€527€16k▲
Furniture and vehicles24€527€16k▲
Current assets29/58€99k€140k▲
Amounts receivable within one year40/41€31k€15k▼
Trade receivables40€15k€15k▲
Other amounts receivable41€15k-
Current investments50/53€28k€58k▲
Cash at bank and in hand54/58€41k€67k▲
Deferred charges and accrued income490/1€163-
Equity and liabilities
Total equity and liabilities10/49€100k€156k▲
Equity10/15€59k€95k▲
Contributions10/11€19k€19k=
Reserves13€27k-
Distributable reserves133€27k-
Profit (loss) carried forward14€14k€76k▲
Amounts payable17/49€40k€61k▲
Amounts payable within one year42/48€40k€61k▲
Trade debts44€267€1k▲
Suppliers440/4€267€1k▲
Taxes, remuneration and social security45€19k€40k▲
Taxes450/3€19k€40k▲
Other amounts payable47/48€21k€20k▼
Accrued charges and deferred income492/3€190-
Income statement
Code20242025
Non-recurring operating income76A€180-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€226€5k▲
Other operating charges640/8€874€1k▲
Gross operating margin9900€35k€104k▲
Operating profit (loss)9901€34k€98k▲
Financial income75/76B€858€78▼
Recurring financial income75€858€78▼
Financial charges65/66B€101€156▲
Recurring financial charges65€101€156▲
Profit (loss) for the period before taxes9903€34k€98k▲
Income taxes67/77€6k€22k▲
Profit (loss) for the period9904€29k€76k▲
Profit (loss) for the period to be appropriated9905€29k€76k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€90k▲
Profit (loss) brought forward from the previous period14P€-14k€14k▲
Transfer from equity791/2€21k€27k▲
Profit to be distributed694/7€21k€41k▲
Return on contributions (dividend)694€21k€41k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €180 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €674 | €226 | €5k | ▲ 2,059% |
| Other operating charges640/8 | €101 | €853 | €285 | €874 | €1k | ▲ 27.2% |
| Gross operating margin9900 | €-7k | €-6k | €-2k | €35k | €104k | ▲ 199% |
| Operating profit (loss)9901 | €-9k | €-9k | €-3k | €34k | €98k | ▲ 191% |
| Financial income75/76B | €5k | €433 | €441 | €858 | €78 | ▼ 90.9% |
| Recurring financial income75 | €5k | €433 | €441 | €858 | €78 | ▼ 90.9% |
| Financial charges65/66B | €153 | €16 | €66 | €101 | €156 | ▲ 54.6% |
| Recurring financial charges65 | €153 | €16 | €66 | €101 | €156 | ▲ 54.6% |
| Profit (loss) for the period before taxes9903 | €-4k | €-8k | €-3k | €34k | €98k | ▲ 184% |
| Income taxes67/77 | €35 | - | - | €6k | €22k | ▲ 277% |
| Profit (loss) for the period9904 | €-4k | €-8k | €-3k | €29k | €76k | ▲ 166% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-8k | €-3k | €29k | €76k | ▲ 166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63k | €55k | €53k | €100k | €156k | ▲ 56.5% |
| Fixed assets21/28 | €3k | €1k | €753 | €527 | €16k | ▲ 2,932% |
| Tangible fixed assets22/27 | €3k | €1k | €753 | €527 | €16k | ▲ 2,932% |
| Furniture and vehicles24 | €3k | €1k | €753 | €527 | €16k | ▲ 2,932% |
| Current assets29/58 | €61k | €53k | €52k | €99k | €140k | ▲ 41.2% |
| Amounts receivable after more than one year29 | €15k | €15k | €15k | - | - | - |
| Other amounts receivable291 | €15k | €15k | €15k | - | - | - |
| Amounts receivable within one year40/41 | €0 | €341 | €652 | €31k | €15k | ▼ 50.4% |
| Trade receivables40 | €0 | - | - | €15k | €15k | ▲ 0.1% |
| Other amounts receivable41 | €0 | €341 | €652 | €15k | - | - |
| Current investments50/53 | €31k | €31k | €31k | €28k | €58k | ▲ 109% |
| Cash at bank and in hand54/58 | €15k | €7k | €5k | €41k | €67k | ▲ 64.9% |
| Deferred charges and accrued income490/1 | €160 | €160 | €163 | €163 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63k | €55k | €53k | €100k | €156k | ▲ 56.5% |
| Equity10/15 | €63k | €54k | €52k | €59k | €95k | ▲ 59.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €48k | €48k | €48k | €27k | - | - |
| Distributable reserves133 | €48k | €48k | €48k | €27k | - | - |
| Profit (loss) carried forward14 | €-4k | €-12k | €-14k | €14k | €76k | ▲ 433% |
| Amounts payable17/49 | €894 | €345 | €853 | €40k | €61k | ▲ 52.7% |
| Amounts payable within one year42/48 | €894 | €345 | €383 | €40k | €61k | ▲ 53.4% |
| Trade debts44 | €802 | €345 | €383 | €267 | €1k | ▲ 424% |
| Suppliers440/4 | €802 | €345 | €383 | €267 | €1k | ▲ 424% |
| Taxes, remuneration and social security45 | €0 | - | - | €19k | €40k | ▲ 115% |
| Taxes450/3 | €0 | - | - | €19k | €40k | ▲ 115% |
| Other amounts payable47/48 | €92 | - | - | €21k | €20k | ▼ 5.8% |
| Accrued charges and deferred income492/3 | - | - | €470 | €190 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-8k | €-3k | €29k | €76k | ▲ 166% |
| + Depreciation and write-downs630 | €1k | €1k | €674 | €226 | €5k | ▲ 2,059% |
| Operating cash flow (approximation) | €-2k | €-7k | €-2k | €29k | €81k | ▲ 180% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-20k | - |
| Change in cash | - | €-8k | €-2k | €35k | €26k | ▼ 25.6% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €76k ▲166%
Operating result €98k, net result €76k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €29k
Net result €29k after 3 loss-making years.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 137 days late
2022
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 154.83
Current ratio from 67.93 to 154.83; short-term debt falls from €894 to €345.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 15current ratio 67.93
Current ratio from 4.61 to 67.93; short-term debt falls from €14k to €894.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Kontich · 1 establishment unit since 2019
Ground area
2,209 m²
Building footprint
231 m²
Volume, LiDAR
667 m³
Parcel 11024F0385/00M000, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MaD Consulting
since 20192.285.269.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024F0385/00M000 | Flanders | 2,209 m² | 1 · 231 m² | 4.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,526 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.