Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
The MAD Company from Etterbeek, company number BE0640811001, closed financial year 2024 with a result of € 12,699 after tax. For that financial year The MAD Company recorded a gross margin of € 18,264 and equity of € -3,005. Compared with financial year 2023, the result moved from € -7,027 to € 12,699. Profitable, and profit is growing. 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 28, 2025.
€ -3,005
▲ € 12,699 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,699
▲ still € 7,027 loss in 2023
Profit after tax over the fiscal year.
€ 101
▼ 59% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -23,005.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 30,171
▲ € 27,909 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 9,789
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 105,796 | € 3,209 | € -6,120 | € 18,264 | ▲ € 24,384 |
| Profit after taxes | € 8,560 | € -4,729 | € -7,027 | € 12,699 | ▲ € 19,726 |
| Equity | € -3,948 | € -8,677 | € -15,704 | € -3,005 | ▲ € 12,699 |
| Total debts | € 87,901 | € 70,067 | € 48,076 | € 45,773 | ▼ 5% |
| Cash | € 7,557 | € 131 | € 244 | € 101 | ▼ 59% |
| Retained profit | € -23,948 | € -28,677 | € -35,704 | € -23,005 | ▲ € 12,699 |
| Bank debt | € 276 | € 13,482 | € 0 | € 0 | |
| Balance sheet total | € 83,953 | € 61,390 | € 32,371 | € 42,768 | ▲ 32% |
Key figures of The MAD Company, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to The MAD Company?
What happened at The MAD Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 12,699. filed late Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
- LAMBDA MIND SRL became a director. NBB
- CUVELIER COMPANY SRL became a director. NBB
In short
From € 8,560 profit in 2021 to € 12,699 profit in 2024.
Paid € 8,154 in corporate taxes since 2021.
Best year ever: 2024, with € 12,699 profit.
A new publication or filing at The MAD Company? We notify you, reason included.
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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 The MAD Company are LAMBDA MIND SRL and CUVELIER COMPANY SRL. LAMBDA MIND SRL is also behind Betacowork collaborative working and Data.be.
Directors
According to the 2024 annual accounts
Director · represented by Eric RODRIGUEZ
Also active at: Betacowork collaborative working, Data.be
since 2015
Director · represented by Jean-Christophe CUVELIER
since 2015
Establishments
Establishment units
Physical locations of this company
Witte Patersstraat 4
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
All companies at this address →OCTOPUS INTERNATIONAL
€ 7,348 gross margin · 2025
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€ 14,010 gross margin · 2024
Virtual Words
€ 48,534 gross margin · 2024
PEGAS
€ 77,953 gross margin · 2025
+64 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
madkings.com
Registered
2009-03-01
Registrar
OVH sas
Expires
2027-03-01
Website info
Features
Security
Network
Details
- Company number
- 0640.811.001
- VAT number
- BE 0640.811.001
- Registered office
- Witte Patersstraat 4, 1040 Etterbeek
- Names & denominations
- The MAD Company · MAD Co
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 October 2015
- Peppol
- Active · Active since 11 Feb 2026
- Activities · NACE
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