Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAD Projects from Wevelgem, company number BE1007123185, closed financial year 2025 with a result of € 17,020 after tax. For that financial year MAD Projects recorded a gross margin of € 32,453 and equity of € 2,379. Compared with financial year 2024, the result moved from € -16,142 to € 17,020. 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 26, 2026.
€ 2,379
▲ € 17,020 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,020
▲ still € 16,142 loss in 2024
Profit after tax over the fiscal year.
€ 14,031
▲ € 11,225 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 € 879.
Debts at end 2025
€ 147,000
▲ 80% vs 2024
Loans from banks and other lenders, long and short.
€ 52,413
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,846
▲ 135% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -9,636 | € 32,453 | ▲ € 42,089 |
| Profit after taxes | € -16,142 | € 17,020 | ▲ € 33,162 |
| Equity | € -14,642 | € 2,379 | ▲ € 17,020 |
| Total debts | € 253,294 | € 314,558 | ▲ 24% |
| Cash | € 2,806 | € 14,031 | ▲ € 11,225 |
| Retained profit | € -16,142 | € 879 | ▲ € 17,020 |
| Bank debt | € 81,500 | € 147,000 | ▲ 80% |
| Balance sheet total | € 238,653 | € 316,937 | ▲ 33% |
Key figures of MAD Projects, fiscal years 2024 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 Projects?
What happened at MAD Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,020. Source: NBB ↗
- New establishment in Wevelgem. KBO
- Start of the company according to the CBE. KBO
- Glenn Godtschalck became a director. NBB
- Alexandra Domingues Mazeda became a director. NBB
In short
From € 16,142 loss in 2024 to € 17,020 profit in 2025.
Paid € 535 in corporate taxes since 2024.
Best year ever: 2025, with € 17,020 profit.
A new publication or filing at MAD Projects? 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 MAD Projects are Glenn Godtschalck and Alexandra Domingues Mazeda. Glenn Godtschalck is also behind GG RENO-WOOD.
Directors
According to the 2025 annual accounts
since 2024
Alexandra Domingues Mazeda
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Ledegemstraat 85
8560 Wevelgem
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
- 1007.123.185
- VAT number
- BE 1007.123.185
- Registered office
- Ledegemstraat 85, 8560 Wevelgem
- Names & denominations
- MAD Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 2024
- Peppol
- Active · Active since 13 Feb 2025