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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MAD Advising from Elsene, company number BE0717912638, closed financial year 2025 with a result of € 7.3 million after tax. For that financial year MAD Advising recorded a gross margin of € -2.1 million and equity of € 1.3 billion. Compared with financial year 2024, the result moved from € 7.4 million to € 7.3 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 26, 2026.
€ 1.3 billion
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.3 million
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 4 million
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.4 million paid out
20 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 3,458
▲ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 168,317
▲ 218% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -12,912 | € -228,555 | € -506,063 | € -2,100,627 | ▼ € 1.6 million |
| Profit after taxes | € -14,429 | € -238,284 | € 7,351,727 | € 7,283,743 | ▼ 1% |
| Equity | € -35,617 | € 1,323,360,762 | € 1,330,712,489 | € 1,336,566,232 | |
| Total debts | € 51,827 | € 329,612 | € 5,459,330 | € 3,508,014 | ▼ 36% |
| Cash | € 162 | € 2,351 | € 3,905,284 | € 4,026,843 | ▲ 3% |
| Retained profit | € -54,117 | € -292,401 | € 7,059,326 | € 12,913,069 | ▲ 83% |
| Dividend | € 0 | € 0 | € 0 | € 1,430,000 | |
| Balance sheet total | € 16,210 | € 1,323,690,374 | € 1,336,171,820 | € 1,340,074,246 |
Key figures of MAD Advising, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MAD Advising?
What happened at MAD Advising in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7.3 million (▼ 1% vs 2024). Source: NBB ↗
- Guillaume De Walque became a director. NBB
- Marie D'Oultremont became a director. NBB
- Hélène Cohadon became a director. NBB
- Laurence Leunen became a director. NBB
- Marguerite Dassault became a director. NBB
- Adrien Dassault became a director. NBB
- New establishment in Elsene. KBO
In short
From € 14,429 loss in 2022 to € 7.3 million profit in 2025.
Paid € 551 in corporate taxes since 2022.
Best year ever: 2024, with € 7.4 million profit.
Paid out € 1.4 million in dividends to the owners in total.
Management
Behind MAD Advising are Guillaume De Walque, Marie D'Oultremont, Marguerite Dassault, Hélène Cohadon, Adrien Dassault and Laurence Leunen. Hélène Cohadon is also behind C2F.
Directors
According to the 2025 annual accounts
Guillaume De Walque
Director
since 2023
Marie D'Oultremont
Director
since 2023
Marguerite Dassault
Director
since 2020
since 2023
Adrien Dassault
Director
since 2020
Laurence Leunen
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Gulden-Sporenlaan 11
1050 Elsene
Géo Bernierlaan 11
1050 Elsene
Active since 10 January 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0717.912.638
- VAT number
- BE 0717.912.638
- Registered office
- Gulden-Sporenlaan 11, 1050 Elsene
- Names & denominations
- MAD Advising
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2019
- Peppol
- Not registered
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies