Andel Management
InactiveInactive since 30-07-2026; last annual accounts for fiscal year 2025. Dissolved on 30-06-2026, in liquidation; books and records kept by An Delrue in Diksmuide (5 years).
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
8 d late
2022
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€133,077▲ 57.0%
2024 · €84,741
Total assets
€177,525▲ 27.4%
2024 · €139,365
Net result
€48,336▼ 13.7%
2024 · €55,982
Working capital
€93,294▲ 196%
2024 · €31,468
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€9,360-€27,256▲ 191%€70,562▲ 159%€68,299▼ 3.2%
Net result€5,784within the sector's middle half-€21,475within the sector's middle half▲ 271%€55,982within the sector's middle half▲ 161%€48,336within the sector's middle half▼ 13.7%
Equity€7,284below the sector's middle half-€28,759within the sector's middle half▲ 295%€84,741within the sector's middle half▲ 195%€133,077within the sector's middle half▲ 57.0%
Total assets€46,947below the sector's middle half-€89,480within the sector's middle half▲ 90.6%€139,365within the sector's middle half▲ 55.7%€177,525within the sector's middle half▲ 27.4%
Debt€39,663-€60,721▲ 53.1%€54,624▼ 10.0%€44,448▼ 18.6%
Working capital-€18,759below the sector's middle half--€36,908below the sector's middle half▼ 96.7%€31,468within the sector's middle half€93,294within the sector's middle half▲ 196%
Solvency15.5%below the sector's middle half-32.1%within the sector's middle half▲ 16.6pp60.8%within the sector's middle half▲ 28.7pp75.0%within the sector's middle half▲ 14.2pp
Current ratio0.51below the sector's middle half-0.38below the sector's middle half▼ 0.131.59within the sector's middle half▲ 1.213.30within the sector's middle half▲ 1.71
Return on assets (ROA)12.3%within the sector's middle half-24.0%within the sector's middle half▲ 11.7pp40.2%above the sector's middle half▲ 16.2pp27.2%within the sector's middle half▼ 12.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,525
Fixed assets
€43,713 ▼ 19.7%
Current assets
€133,812 ▲ 57.5%
Equity and liabilities €177,525
Equity
€133,077 ▲ 57.0%
Debt
€44,448 ▼ 18.6%
Debt's share of the balance-sheet total falls from 39.2% to 25.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82,209▼
2024 · €84,352
Cash flow
€62,246▼
2024 · €69,772
Debt to equity
0.33▼
2024 · 0.64
ROE
36.3%▼
2024 · 66.1%
Interest coverage
33.01▼
2024 · 2138.73
Debt ≤ 1 year
€40,518▼
2024 · €53,486
Income taxes
€18,870▲
2024 · €14,540
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,442 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,090 | €7,013 | €13,790 | €13,910 | ▲ 0.9% |
| Other operating charges640/8 | €1,602 | €831 | €962 | €922 | ▼ 4.2% |
| Gross operating margin9900 | €18,051 | €35,100 | €85,314 | €83,131 | ▼ 2.6% |
| Operating profit (loss)9901 | €9,360 | €27,256 | €70,562 | €68,299 | ▼ 3.2% |
| Financial income75/76B | €0 | - | - | €1,397 | - |
| Recurring financial income75 | €0 | - | - | €1,397 | - |
| Financial charges65/66B | €77 | €39 | €39 | €2,491 | ▲ 6,215% |
| Recurring financial charges65 | €77 | €39 | €39 | €2,491 | ▲ 6,215% |
| Profit (loss) for the period before taxes9903 | €9,283 | €27,216 | €70,522 | €67,205 | ▼ 4.7% |
| Income taxes67/77 | €3,499 | €5,741 | €14,540 | €18,870 | ▲ 29.8% |
| Profit (loss) for the period9904 | €5,784 | €21,475 | €55,982 | €48,336 | ▼ 13.7% |
| Profit (loss) for the period to be appropriated9905 | €5,784 | €21,475 | €55,982 | €48,336 | ▼ 13.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €46,947 | €89,480 | €139,365 | €177,525 | ▲ 27.4% |
| Fixed assets21/28 | €27,476 | €66,994 | €54,410 | €43,713 | ▼ 19.7% |
| Tangible fixed assets22/27 | €27,476 | €66,994 | €54,410 | €43,713 | ▼ 19.7% |
| Land and buildings22 | €17,141 | €15,356 | €13,572 | €11,787 | ▼ 13.1% |
| Plant, machinery and equipment23 | €277 | €2,445 | €2,411 | €4,262 | ▲ 76.8% |
| Furniture and vehicles24 | €10,058 | €49,193 | €38,428 | €27,664 | ▼ 28.0% |
| Current assets29/58 | €19,471 | €22,486 | €84,955 | €133,812 | ▲ 57.5% |
| Amounts receivable within one year40/41 | - | €15,649 | €3,194 | €14,618 | ▲ 358% |
| Trade receivables40 | - | €10,890 | - | - | - |
| Other amounts receivable41 | - | €4,759 | €3,194 | €14,618 | ▲ 358% |
| Cash at bank and in hand54/58 | €17,879 | €5,399 | €79,875 | €117,650 | ▲ 47.3% |
| Deferred charges and accrued income490/1 | €1,592 | €1,439 | €1,886 | €1,544 | ▼ 18.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €46,947 | €89,480 | €139,365 | €177,525 | ▲ 27.4% |
| Equity10/15 | €7,284 | €28,759 | €84,741 | €133,077 | ▲ 57.0% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €5,000 | €25,000 | €83,000 | €131,000 | ▲ 57.8% |
| Distributable reserves133 | €5,000 | €25,000 | €83,000 | €131,000 | ▲ 57.8% |
| Profit (loss) carried forward14 | €784 | €2,259 | €241 | €577 | ▲ 139% |
| Amounts payable17/49 | €39,663 | €60,721 | €54,624 | €44,448 | ▼ 18.6% |
| Amounts payable within one year42/48 | €38,230 | €59,393 | €53,486 | €40,518 | ▼ 24.2% |
| Trade debts44 | €510 | €539 | €254 | - | - |
| Suppliers440/4 | €510 | €539 | €254 | - | - |
| Taxes, remuneration and social security45 | €4,861 | €8,576 | €4,660 | €4,660 | = |
| Taxes450/3 | €4,861 | €6,406 | €2,490 | €2,490 | = |
| Remuneration and social security454/9 | - | €2,170 | €2,170 | €2,170 | = |
| Other amounts payable47/48 | €32,859 | €50,279 | €48,573 | €35,858 | ▼ 26.2% |
| Accrued charges and deferred income492/3 | €1,433 | €1,328 | €1,138 | €3,930 | ▲ 245% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,784 | €21,475 | €55,982 | €48,336 | ▼ 13.7% |
| + Depreciation and write-downs630 | €7,090 | €7,013 | €13,790 | €13,910 | ▲ 0.9% |
| Operating cash flow (approximation) | €12,874 | €28,488 | €69,772 | €62,246 | ▼ 10.8% |
| Investment in fixed assets (approximation) | - | -€46,532 | -€1,206 | -€3,213 | ▼ 166% |
| Change in cash | - | -€12,480 | €74,476 | €37,775 | ▼ 49.3% |
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
31-07
State Gazette act
End & cessationNet-asset statement · Auditor report · Dissolution14 facts ▸
State Gazette act
End & cessation
Net-asset statement · Auditor report · Dissolution14 facts ▸
- General meeting, 30-06-2026
- Other statement, knowledge of reports
- Net-asset statement, 31-03-2026
- Auditor report, 29-06-2026
- General meeting, unanimous, shareholders received copies in advance
- Dissolution, 30-06-2026
- Declaration, liabilities status
- Declaration, liquidator appointment
- Declaration, asset recovery, by shareholder themselves
- Declaration, shareholder declaration, all powers to provide assistance
- Declaration, general fixed registration duty, fiscal declaration
- Power of attorney, BV Accolin
- +2 further facts in this act
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 3.30
Current ratio from 1.59 to 3.30; short-term debt falls from €53,486 to €40,518.
31-03
Financial
Equity above €100,000Eq €133,077 ▲57%
4 profitable years in a row build equity to €133,077.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2022net €55,982 ▲161%
Operating result €70,562, net result €55,982, both a record.
31-03
Financial
Liquidity quadruplescurrent ratio 1.59
Current ratio from 0.38 to 1.59; short-term debt falls from €59,393 to €53,486.
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Diksmuide
Ground area
593 m²
Building footprint
150 m²
Volume, LiDAR
726 m³
Parcel 32003D0037/00D000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32003D0037/00D000 | Flanders | 593 m² | 1 · 150 m² | 7.9 m · 2 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.
Articles of association
Other statement
3 provisions in the deed
Custody of records
8600 Diksmuide, Speltstraat 1, An Delrue
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,901 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
Founded07-05-2020
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746754203
Also
9925:BE0746754203
Registered
19-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.