LA MANCHA
ActiveLA MANCHA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-86k) and a net result of €-34k. Equity is shrinking by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 12% of 4360 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
15
/ 100
Critical▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.24 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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
-18.3%
Return on assets
-7.3%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€86k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
54 d late
2022
30 d late
2021
30 d late
2020
30 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-86k▼ 66.0%
2023 · €-52k
2018: €63k
2019: €84k
2020: €66k
2021: €11k
2022: €3k
2023: €-52k
2018 → 2024
Total assets
€472k▼ 2.3%
2023 · €484k
2018: €95k
2019: €140k
2020: €402k
2021: €400k
2022: €365k
2023: €484k
2018 → 2024
Net result
€-34k▲ 37.7%
2023 · €-55k
2018: €35k
2019: €29k
2020: €-18k
2021: €-55k
2022: €-8k
2023: €-55k
2018 → 2024
Working capital
€-186k▼ 21.9%
2023 · €-153k
2018: €38k
2019: €69k
2020: €-46k
2021: €-118k
2022: €-128k
2023: €-153k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€66k-€11k▼ 83.0%€3k▼ 73.0%€-52k€-86k▼ 66.0%
Operating result€-12k-€-48k▼ 290%€-1k▲ 97.3%€-48k▼ 3,620%€-25k▲ 47.4%
Net result€-18k-€-55k▼ 203%€-8k▲ 85.0%€-55k▼ 572%€-34k▲ 37.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2024 against €48k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €472k
Fixed assets
€454k▲ 4.3%
Current assets
€18k▼ 62.0%
Key figures and ratios
EBITDA
€3k▲
2023 · €-25k
Cash flow
€-5k▲
2023 · €-31k
Solvency
-18.3%▼
2023 · -10.8%
Current ratio
0.09▼
2023 · 0.24
Quick ratio
0.09▼
2023 · 0.24
Debt / equity
-6.46▲
2023 · -10.28
ROE
39.7%▼
2023 · 105.8%
ROA
-7.3%▲
2023 · -11.4%
Interest coverage
0.39▲
2023 · -3.63
Debt
€559k▲
2023 · €536k
Debt ≤ 1 year
€205k▲
2023 · €201k
Debt > 1 year
€351k▲
2023 · €332k
Staff costs
€0▼
2023 · €22k
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€484k€472k▼
Fixed assets21/28€435k€454k▲
Tangible fixed assets22/27€435k€454k▲
Land and buildings22€407k€432k▲
Plant, machinery and equipment23€22k€18k▼
Furniture and vehicles24€7k€4k▼
Current assets29/58€48k€18k▼
Amounts receivable within one year40/41€8k€11k▲
Trade receivables40€8k€11k▲
Other amounts receivable41€76€32▼
Cash at bank and in hand54/58€38k€6k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€484k€472k▼
Equity10/15€-52k€-86k▼
Contributions10/11€6k€6k=
Reserves13€78k€78k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€76k€78k▲
Profit (loss) carried forward14€-136k€-171k▼
Amounts payable17/49€536k€559k▲
Amounts payable after more than one year17€332k€351k▲
Financial debts170/4€332k€351k▲
Amounts payable within one year42/48€201k€205k▲
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€3k€414▼
Suppliers440/4€3k€414▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€177k€183k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€22k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€29k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€607€6k▲
Operating profit (loss)9901€-48k€-25k▲
Financial income75/76B€1€8▲
Recurring financial income75€1€8▲
Financial charges65/66B€7k€9k▲
Recurring financial charges65€7k€9k▲
Profit (loss) for the period before taxes9903€-55k€-34k▲
Profit (loss) for the period9904€-55k€-34k▲
Profit (loss) for the period to be appropriated9905€-55k€-34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-136k€-171k▼
Profit (loss) brought forward from the previous period14P€-81k€-136k▼
Social balance
Average headcount (FTE)90870.5-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 57 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Mechelen · 1 establishment unit since 2013
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.
Kapellebaan(LST) 462811 MechelenGround area
952 m²
Building footprint
221 m²
Volume, LiDAR
1,034 m³
Parcel 12020C0106/00C000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LA MANCHA
since 20132.218.536.884
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12020C0106/00C000 | Flanders | 952 m² | 1 · 221 m² | 7.2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 161 EUR awarded · 161 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 161 EUR | 161 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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PRODIGITAL
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TRANSFER
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Of 983 companies in sector 74209 we hold annual accounts for 144. 50 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2013
Fiscal year end31-12
Activities, NACEBEL
74209Other photographic activities
68110Buying and selling of own real estate
69201Accountants
69209Other tax advisory services
70200Business and other management consultancy
70220Business consulting
73110Advertising agencies
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.