DE MANSEN
ActiveSummary
DE MANSEN has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,282 and a net result of €29,698. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 2021 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+1
Solvency53▼-3
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.92 against 3.23 in 2024; short-term debt: 18.1% and cash: 10.8% of total assets), and 72.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.7%
Return on assets
8.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
15 d early
2024
2 d early
2023
19 d early
2022
7 d early
2021
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€96,282▼ 3.1%
2024 · €99,354
Total assets
€347,327▲ 8.6%
2024 · €319,734
Net result
€29,698▲ 20.5%
2024 · €24,650
Working capital
-€4,816
2024 · €46,072
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
Line20212022202320242025
Operating result€43,755-€49,598▲ 13.4%€4,617▼ 90.7%€36,527▲ 691%€48,630▲ 33.1%
Net result€32,770above the sector's middle half-€36,380above the sector's middle half▲ 11.0%€1,553within the sector's middle half▼ 95.7%€24,650above the sector's middle half▲ 1,487%€29,698above the sector's middle half▲ 20.5%
Equity€36,770within the sector's middle half-€73,150within the sector's middle half▲ 98.9%€74,704within the sector's middle half▲ 2.1%€99,354within the sector's middle half▲ 33.0%€96,282within the sector's middle half▼ 3.1%
Total assets€52,296within the sector's middle half-€90,780within the sector's middle half▲ 73.6%€101,904within the sector's middle half▲ 12.3%€319,734above the sector's middle half▲ 214%€347,327above the sector's middle half▲ 8.6%
Debt€15,526-€17,630▲ 13.6%€27,200▲ 54.3%€220,380▲ 710%€251,045▲ 13.9%
Working capital€22,568-€56,685▲ 151%€55,134▼ 2.7%€46,072▼ 16.4%-€4,816
Solvency70.3%within the sector's middle half-80.6%above the sector's middle half▲ 10.3pp73.3%within the sector's middle half▼ 7.3pp31.1%within the sector's middle half▼ 42.2pp27.7%within the sector's middle half▼ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €347,327
Fixed assets
€289,414 ▲ 14.4%
Current assets
€57,913 ▼ 13.2%
Equity and liabilities €347,327
Equity
€96,282 ▼ 3.1%
Debt
€251,045 ▲ 13.9%
Debt's share of the balance-sheet total rises from 68.9% to 72.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€60,453▲
2024 · €45,938
Cash flow
€41,521▲
2024 · €34,061
Current ratio
0.92▼
2024 · 3.23
Debt to equity
2.61▲
2024 · 2.22
ROE
30.8%▲
2024 · 24.8%
ROA
8.6%▲
2024 · 7.7%
Interest coverage
6.95▼
2024 · 9.82
Debt ≤ 1 year
€62,729▲
2024 · €20,654
Debt > 1 year
€186,150▼
2024 · €197,560
Income taxes
€10,228▲
2024 · €7,204
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 74% 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 6,703 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,435 | €3,563 | €1,384 | €9,411 | €11,823 | ▲ 25.6% |
| Other operating charges640/8 | €1,292 | €1,120 | €918 | €836 | €1,291 | ▲ 54.5% |
| Non-recurring operating charges66A | - | - | €1,439 | €0 | - | - |
| Gross operating margin9900 | €46,482 | €54,281 | €8,357 | €46,773 | €61,744 | ▲ 32.0% |
| Operating profit (loss)9901 | €43,755 | €49,598 | €4,617 | €36,527 | €48,630 | ▲ 33.1% |
| Financial income75/76B | €1 | - | €80 | €4 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | - | €80 | €4 | €0 | ▼ 100% |
| Financial charges65/66B | €16 | €162 | €1,350 | €4,677 | €8,704 | ▲ 86.1% |
| Recurring financial charges65 | €16 | €162 | €1,350 | €4,677 | €8,704 | ▲ 86.1% |
| Profit (loss) for the period before taxes9903 | €43,740 | €49,436 | €3,348 | €31,854 | €39,926 | ▲ 25.3% |
| Income taxes67/77 | €10,970 | €13,056 | €1,794 | €7,204 | €10,228 | ▲ 42.0% |
| Profit (loss) for the period9904 | €32,770 | €36,380 | €1,553 | €24,650 | €29,698 | ▲ 20.5% |
| Profit (loss) for the period to be appropriated9905 | €32,770 | €36,380 | €1,553 | €24,650 | €29,698 | ▲ 20.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,296 | €90,780 | €101,904 | €319,734 | €347,327 | ▲ 8.6% |
| Fixed assets21/28 | €16,219 | €18,629 | €21,734 | €253,008 | €289,414 | ▲ 14.4% |
| Tangible fixed assets22/27 | €16,219 | €18,629 | €21,734 | €253,008 | €289,414 | ▲ 14.4% |
| Land and buildings22 | €10,197 | €14,941 | €17,905 | €249,965 | €287,156 | ▲ 14.9% |
| Furniture and vehicles24 | €6,022 | €3,689 | €3,828 | €3,043 | €2,258 | ▼ 25.8% |
| Current assets29/58 | €36,077 | €72,151 | €80,171 | €66,726 | €57,913 | ▼ 13.2% |
| Amounts receivable within one year40/41 | €13,476 | €40,459 | €36,978 | €15,766 | €20,458 | ▲ 29.8% |
| Trade receivables40 | €7,334 | €17,277 | €22,135 | €9,790 | €15,230 | ▲ 55.6% |
| Other amounts receivable41 | €6,142 | €23,181 | €14,843 | €5,976 | €5,228 | ▼ 12.5% |
| Cash at bank and in hand54/58 | €22,382 | €31,552 | €42,264 | €49,910 | €37,456 | ▼ 25.0% |
| Deferred charges and accrued income490/1 | €219 | €140 | €929 | €1,049 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,296 | €90,780 | €101,904 | €319,734 | €347,327 | ▲ 8.6% |
| Equity10/15 | €36,770 | €73,150 | €74,704 | €99,354 | €96,282 | ▼ 3.1% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €32,770 | €69,150 | €70,704 | €95,354 | €92,282 | ▼ 3.2% |
| Distributable reserves133 | €32,770 | €69,150 | €70,704 | €95,354 | €92,282 | ▼ 3.2% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €15,526 | €17,630 | €27,200 | €220,380 | €251,045 | ▲ 13.9% |
| Amounts payable after more than one year17 | - | - | - | €197,560 | €186,150 | ▼ 5.8% |
| Financial debts170/4 | - | - | - | €197,560 | €186,150 | ▼ 5.8% |
| Amounts payable within one year42/48 | €13,509 | €15,466 | €25,037 | €20,654 | €62,729 | ▲ 204% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,997 | €11,411 | ▲ 3.8% |
| Financial debts43 | - | €393 | €2,091 | €565 | €456 | ▼ 19.3% |
| Credit institutions430/8 | - | €393 | €2,091 | €565 | €456 | ▼ 19.3% |
| Trade debts44 | - | €1,928 | €3,038 | €215 | €5,909 | ▲ 2,653% |
| Suppliers440/4 | - | €1,928 | €3,038 | €215 | €5,909 | ▲ 2,653% |
| Taxes, remuneration and social security45 | €10,970 | €13,056 | €13,056 | €0 | €7,144 | - |
| Taxes450/3 | €10,970 | €13,056 | €13,056 | €0 | €7,144 | - |
| Other amounts payable47/48 | €2,539 | €89 | €6,851 | €8,878 | €37,809 | ▲ 326% |
| Accrued charges and deferred income492/3 | €2,017 | €2,164 | €2,164 | €2,166 | €2,167 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,770 | €36,380 | €1,553 | €24,650 | €29,698 | ▲ 20.5% |
| + Depreciation and write-downs630 | €1,435 | €3,563 | €1,384 | €9,411 | €11,823 | ▲ 25.6% |
| Operating cash flow (approximation) | €34,205 | €39,943 | €2,937 | €34,061 | €41,521 | ▲ 21.9% |
| Investment in fixed assets (approximation) | - | -€5,973 | -€4,488 | -€240,685 | -€48,229 | ▲ 80.0% |
| Change in cash | - | €9,170 | €10,712 | €7,647 | -€12,455 | ▼ 263% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €1,553 ▼95.7%
Net result drops to €1,553, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €36,380 ▲11%
Operating result €49,598, net result €36,380, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Kortenberg · 1 establishment unit since 2021
Ground area
142 m²
Building footprint
83 m²
Volume, LiDAR
595 m³
Parcel 24055B0120/00V003, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DE MANSEN
since 20212.317.414.033
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055B0120/00V003 | Flanders | 142 m² | 1 · 83 m² | 10.4 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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Of 8,313 companies in sector 90201 we hold annual accounts for 601. 485 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
Founded04-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
90202Performing arts by artistic ensembles
90312Arts creation and performing arts activities
90399Other support activities for arts and performing arts
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762944293
Also
9925:BE0762944293
Registered
01-03-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.