Warning lights
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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Tight liquidity NBB
Cash and receivables cover 65 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAD Malt from Dinant, company number BE0798627526, closed financial year 2025 with a result of € 54,084 after tax. For that financial year MAD Malt recorded a gross margin of € 78,969 and equity of € 54,895. Compared with financial year 2024, the result moved from € -1,042 to € 54,084. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 54,895
▲ € 54,084 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 54,084
▲ still € 1,042 loss in 2024
Profit after tax over the fiscal year.
€ 241,272
▲ € 240,928 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 50,895.
Debts at end 2025
€ 350,000
Loans from banks and other lenders, long and short.
€ 29,717
▲ € 29,654 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -1,680 | € -616 | € 78,969 | ▲ € 79,585 |
| Profit after taxes | € -2,147 | € -1,042 | € 54,084 | ▲ € 55,126 |
| Equity | € 1,853 | € 811 | € 54,895 | ▲ € 54,084 |
| Total debts | € 101 | € 64 | € 563,555 | ▲ € 563,492 |
| Cash | € 1,603 | € 344 | € 241,272 | ▲ € 240,928 |
| Retained profit | € -2,147 | € -3,189 | € 50,895 | ▲ € 54,084 |
| Bank debt | € 0 | € 0 | € 350,000 | |
| Balance sheet total | € 1,954 | € 875 | € 618,451 | ▲ € 617,576 |
Key figures of MAD Malt, fiscal years 2023 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 Malt?
What happened at MAD Malt in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 54,084. Source: NBB ↗
- RODRIGUE ULLENS de SCHOTEN became a director. NBB
- FANNY LEBRUN stepped down as director. NBB
- GIL LECLERCQ stepped down as director. NBB
- New establishment in Dinant. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,147 loss in 2023 to € 54,084 profit in 2025.
Best year ever: 2025, with € 54,084 profit.
Management
Behind MAD Malt are Bruno GREINDL and RODRIGUE ULLENS de SCHOTEN. Bruno GREINDL is also behind CYCLE EN TERRE and ASBL Coeur de Condroz. RODRIGUE ULLENS de SCHOTEN is also behind Ferme de Waulx.
Directors
According to the 2025 annual accounts
since 2025
· until 2025
GIL LECLERCQ
Managing director
· until 2025
Establishments
Establishment units
Physical locations of this company
Chaussée des Alpinistes 44
5500 Dinant
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0798.627.526
- VAT number
- BE 0798.627.526
- Registered office
- Chaussée des Alpinistes 44, 5500 Dinant
- Names & denominations
- MAD Malt
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2023
- Peppol
- Active · Active since 3 Apr 2023
- Activities · NACE
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