Hoeve Mandeldaele
ActiveThe annual accounts of Hoeve Mandeldaele for fiscal year 2024 show a net loss of 98% of the equity at the start of that year. The 2024 annual accounts show equity of €515 and a net result of €-22k. Equity is shrinking by ~20.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 23% of 26052 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-78
Solvency25▼-12
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.71 against 0.87 in 2023; short-term debt: 88.7% and cash: 6.2% of total assets), and 99.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
0.4%
Return on assets
-15.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 26052 sector peers (2024).
NBB · sector comparisonPosition among 26052 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
96 d late
2022
on the day
2021
82 d late
2020
93 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€515▼ 97.7%
2023 · €23k
2019: €22k
2020: €16k
2021: €29k
2022: €10k
2023: €23k
2019 → 2024
Total assets
€139k▼ 23.3%
2023 · €181k
2019: €178k
2020: €181k
2021: €188k
2022: €193k
2023: €181k
2019 → 2024
Net result
€-22k
2023 · €13k
2019: €16k
2020: €-6k
2021: €13k
2022: €-19k
2023: €13k
2019 → 2024
Working capital
€-35k▼ 105%
2023 · €-17k
2019: €-23k
2020: €-29k
2021: €-25k
2022: €-39k
2023: €-17k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€29k▲ 81.4%€10k▼ 66.0%€23k▲ 130%€515▼ 97.7%
Operating result€-4k-€15k€-11k€17k€-18k
Net result€-6k-€13k€-19k€13k€-22k
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 2024: a loss of €18k after €17k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €139k
Fixed assets
€51k▼ 22.1%
Current assets
€88k▼ 24.0%
Equity and liabilities €139k
Equity
€515▼ 97.7%
Debt
€139k▼ 12.7%
The debt ratio rises from 87.6% to 99.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2023 · €36k
Cash flow
€-8k▼
2023 · €32k
Solvency
0.4%▼
2023 · 12.4%
Current ratio
0.71▼
2023 · 0.87
Quick ratio
0.59▼
2023 · 0.78
ROA
-15.8%▼
2023 · 7.0%
Interest coverage
-0.99▼
2023 · 8.99
Debt
€139k▼
2023 · €159k
Debt ≤ 1 year
€123k▼
2023 · €133k
Debt > 1 year
€15k▼
2023 · €26k
Staff costs
€104k▲
2023 · €99k
Equity ratios withheld: equity of €515 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€181k€139k▼
Fixed assets21/28€66k€51k▼
Tangible fixed assets22/27€66k€51k▼
Land and buildings22€24k€22k▼
Plant, machinery and equipment23€42k€29k▼
Furniture and vehicles24€0-
Current assets29/58€116k€88k▼
Amounts receivable after more than one year29€35k€35k=
Other amounts receivable291€35k€35k=
Stocks and contracts in progress3€12k€15k▲
Stocks30/36€12k€15k▲
Amounts receivable within one year40/41€23k€10k▼
Trade receivables40€23k€10k▼
Other amounts receivable41€547€0▼
Cash at bank and in hand54/58€28k€9k▼
Deferred charges and accrued income490/1€17k€20k▲
Equity and liabilities
Total equity and liabilities10/49€181k€139k▼
Equity10/15€23k€515▼
Contributions10/11€6k€6k=
Reserves13€16k€0▼
Distributable reserves133€16k€0▼
Profit (loss) carried forward14-€-6k
Amounts payable17/49€159k€139k▼
Amounts payable after more than one year17€26k€15k▼
Financial debts170/4€26k€15k▼
Amounts payable within one year42/48€133k€123k▼
Current portion of amounts payable after more than one year42€11k€20k▲
Trade debts44€94k€78k▼
Suppliers440/4€94k€78k▼
Taxes, remuneration and social security45€19k€18k▼
Taxes450/3€2k€3k▲
Remuneration and social security454/9€17k€15k▼
Other amounts payable47/48€9k€7k▼
Income statement
Code20232024
Remuneration, social security and pensions62€99k€104k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€15k▼
Other operating charges640/8€1k€5k▲
Gross operating margin9900€137k€106k▼
Operating profit (loss)9901€17k€-18k▼
Financial income75/76B€101€287▲
Recurring financial income75€101€287▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€13k€-22k▼
Profit (loss) for the period9904€13k€-22k▼
Profit (loss) for the period to be appropriated9905€13k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-22k▼
Transfer from equity791/2€0€16k▲
Transfer to equity691/2€13k€0▼
To other reserves6921€13k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-22k ▼273%
Net result drops to €-22k, the lowest in the series.
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
01-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 93 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oostrozebeke · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dentergemstraat 978780 OostrozebekeGround area
465 m²
Building footprint
220 m²
Volume, LiDAR
1,131 m³
Parcel 37010F0057/00B002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dentergemstraat 97, 8780 Oostrozebeke
since 20182.276.396.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37010F0057/00B002 | Flanders | 465 m² | 1 · 220 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostrozebeke2.276.396.394
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,561. 73 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-05-2018
Fiscal year end31-12
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.