BANDORA
ActiveSummary
BANDORA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€56,949) and a net result of -€3,864. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 2601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-33
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.78 in 2024; short-term debt: 114.3% and cash: 6.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-48.1%
Return on assets
-3.3%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€56,949
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
3 d early
2021
26 d early
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
In the rankings
#7 company by total assets in Merchtem, Other services sector#9 oldest company in Merchtem, Other services sector
Equity
-€56,949▼ 7.3%
2024 · -€53,085
Total assets
€118,275▼ 9.8%
2024 · €131,068
Net result
-€3,864
2024 · €7,205
Working capital
-€30,129▲ 4.5%
2024 · -€31,550
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
Line20212022202320242025
Operating result-€11,274▲ 75.1%-€8,509▲ 24.5%€12,983€11,333▼ 12.7%-€389
Net result-€15,321below the sector's middle half▲ 67.7%-€13,413below the sector's middle half▲ 12.5%€9,892within the sector's middle half€7,205within the sector's middle half▼ 27.2%-€3,864below the sector's middle half
Equity-€56,769below the sector's middle half▼ 37.0%-€70,182below the sector's middle half▼ 23.6%-€60,290below the sector's middle half▲ 14.1%-€53,085below the sector's middle half▲ 12.0%-€56,949below the sector's middle half▼ 7.3%
Total assets€176,395within the sector's middle half▲ 84.6%€114,993within the sector's middle half▼ 34.8%€124,519within the sector's middle half▲ 8.3%€131,068within the sector's middle half▲ 5.3%€118,275within the sector's middle half▼ 9.8%
Debt€233,164▲ 70.2%€185,175▼ 20.6%€184,809▼ 0.2%€184,153▼ 0.4%€175,224▼ 4.8%
Working capital-€37,471below the sector's middle half▲ 3.1%-€59,111below the sector's middle half▼ 57.8%-€41,360below the sector's middle half▲ 30.0%-€31,550below the sector's middle half▲ 23.7%-€30,129below the sector's middle half▲ 4.5%
Solvency-32.2%below the sector's middle half▲ 11.2pp-61.0%below the sector's middle half▼ 28.8pp-48.4%below the sector's middle half▲ 12.6pp-40.5%below the sector's middle half▲ 7.9pp-48.1%below the sector's middle half▼ 7.6pp
Current ratio0.78within the sector's middle half▲ 0.230.58below the sector's middle half▼ 0.200.71below the sector's middle half▲ 0.130.78below the sector's middle half▲ 0.070.78below the sector's middle half=
Return on assets (ROA)-8.7%below the sector's middle half▲ 41.0pp-11.7%below the sector's middle half▼ 3.0pp7.9%within the sector's middle half▲ 19.6pp5.5%within the sector's middle half▼ 2.4pp-3.3%below the sector's middle half▼ 8.8pp
Staff (FTE)1.9▲ 90.0%1▼ 47.4%1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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 turns negative in 2025: a loss of €389 after €11,333 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,275
Fixed assets
€13,180 ▼ 28.6%
Current assets
€105,095 ▼ 6.7%
Key figures and ratios
EBITDA
€4,896▼
2024 · €16,756
Cash flow
€1,421▼
2024 · €12,627
Quick ratio
0.45▼
2024 · 0.53
Debt to equity
-3.08▲
2024 · -3.47
Interest coverage
1.41▼
2024 · 4.05
Debt ≤ 1 year
€135,224▼
2024 · €144,153
Debt > 1 year
€40,000=
2024 · €40,000
Staff costs
€61,311▼
2024 · €74,253
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,570 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,799 | - | - | - |
| Remuneration, social security and pensions62 | €70,379 | €63,231 | €69,975 | €74,253 | €61,311 | ▼ 17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,088 | €8,122 | €5,422 | €5,422 | €5,285 | ▼ 2.5% |
| Other operating charges640/8 | €483 | €138 | €680 | €384 | €400 | ▲ 4.0% |
| Gross operating margin9900 | €67,676 | €62,983 | €89,061 | €91,393 | €66,607 | ▼ 27.1% |
| Operating profit (loss)9901 | -€11,274 | -€8,509 | €12,983 | €11,333 | -€389 | ▼ 103% |
| Financial income75/76B | €169 | €35 | €4 | €11 | €3 | ▼ 72.7% |
| Recurring financial income75 | €169 | €35 | €4 | €11 | €3 | ▼ 72.7% |
| Financial charges65/66B | €4,215 | €4,940 | €3,095 | €4,140 | €3,478 | ▼ 16.0% |
| Recurring financial charges65 | €4,215 | €4,940 | €3,095 | €4,140 | €3,478 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | -€15,321 | -€13,413 | €9,892 | €7,205 | -€3,864 | ▼ 154% |
| Profit (loss) for the period9904 | -€15,321 | -€13,413 | €9,892 | €7,205 | -€3,864 | ▼ 154% |
| Profit (loss) for the period to be appropriated9905 | -€15,321 | -€13,413 | €9,892 | €7,205 | -€3,864 | ▼ 154% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176,395 | €114,993 | €124,519 | €131,068 | €118,275 | ▼ 9.8% |
| Fixed assets21/28 | €42,633 | €34,511 | €23,888 | €18,465 | €13,180 | ▼ 28.6% |
| Tangible fixed assets22/27 | €42,583 | €34,461 | €23,838 | €18,415 | €13,130 | ▼ 28.7% |
| Plant, machinery and equipment23 | €25,364 | €21,154 | €16,945 | €12,735 | €8,663 | ▼ 32.0% |
| Furniture and vehicles24 | €7,901 | €5,201 | - | - | - | - |
| Other tangible fixed assets26 | €9,318 | €8,106 | €6,893 | €5,680 | €4,467 | ▼ 21.4% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €133,762 | €80,482 | €100,632 | €112,603 | €105,095 | ▼ 6.7% |
| Stocks and contracts in progress3 | €51,852 | €30,555 | €29,717 | €35,971 | €43,834 | ▲ 21.9% |
| Stocks30/36 | €51,852 | €30,555 | €29,717 | €35,971 | €43,834 | ▲ 21.9% |
| Amounts receivable within one year40/41 | €78,612 | €34,110 | €54,032 | €57,695 | €52,383 | ▼ 9.2% |
| Trade receivables40 | €74,973 | €34,110 | €49,046 | €55,653 | €51,315 | ▼ 7.8% |
| Other amounts receivable41 | €3,639 | - | €4,986 | €2,042 | €1,068 | ▼ 47.7% |
| Cash at bank and in hand54/58 | €2,171 | €14,710 | €16,323 | €18,277 | €8,192 | ▼ 55.2% |
| Deferred charges and accrued income490/1 | €1,127 | €1,107 | €560 | €660 | €685 | ▲ 3.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176,395 | €114,993 | €124,519 | €131,068 | €118,275 | ▼ 9.8% |
| Equity10/15 | -€56,769 | -€70,182 | -€60,290 | -€53,085 | -€56,949 | ▼ 7.3% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€62,769 | -€76,182 | -€66,290 | -€59,085 | -€62,949 | ▼ 6.5% |
| Amounts payable17/49 | €233,164 | €185,175 | €184,809 | €184,153 | €175,224 | ▼ 4.8% |
| Amounts payable after more than one year17 | €61,931 | €45,582 | €42,818 | €40,000 | €40,000 | = |
| Financial debts170/4 | €61,931 | €45,582 | €42,818 | €40,000 | €40,000 | = |
| Amounts payable within one year42/48 | €171,233 | €139,593 | €141,991 | €144,153 | €135,224 | ▼ 6.2% |
| Current portion of amounts payable after more than one year42 | €22,968 | €16,349 | €3,013 | €2,818 | - | - |
| Trade debts44 | €78,642 | €54,187 | €61,973 | €62,067 | €54,554 | ▼ 12.1% |
| Suppliers440/4 | €78,642 | €54,187 | €61,973 | €62,067 | €54,554 | ▼ 12.1% |
| Taxes, remuneration and social security45 | €29,783 | €17,258 | €23,066 | €23,103 | €20,155 | ▼ 12.8% |
| Taxes450/3 | €20,222 | €6,920 | €12,449 | €10,445 | €4,806 | ▼ 54.0% |
| Remuneration and social security454/9 | €9,561 | €10,338 | €10,618 | €12,657 | €15,348 | ▲ 21.3% |
| Other amounts payable47/48 | €39,840 | €51,799 | €53,940 | €56,166 | €60,515 | ▲ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,321 | -€13,413 | €9,892 | €7,205 | -€3,864 | ▼ 154% |
| + Depreciation and write-downs630 | €8,088 | €8,122 | €5,422 | €5,422 | €5,285 | ▼ 2.5% |
| Operating cash flow (approximation) | -€7,233 | -€5,290 | €15,314 | €12,627 | €1,421 | ▼ 88.7% |
| Investment in fixed assets (approximation) | - | €0 | €5,201 | €0 | €0 | - |
| Change in cash | - | €12,539 | €1,613 | €1,954 | -€10,085 | ▼ 616% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €9,892
Net result €9,892 after 3 loss-making years.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merchtem · 1 establishment unit since 2019
Ground area
4,003 m²
Building footprint
1,654 m²
Volume, LiDAR
7,963 m³
Parcel 23602I0172/00N004, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PROFILE MERCHTEM
since 20192.289.248.203
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0172/00N004 | Flanders | 4,003 m² | 1 · 1,654 m² | 6.7 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,000 companies in sector 95315 we hold annual accounts for 427. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-05-2019
Fiscal year end30-09
Activities, NACEBEL 2025
95315Tyre services
95319Other maintenance and repair of motor vehicles
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726733995
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.