LE MANDARIN
ActiveSummary
LE MANDARIN has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €342,606 and a net result of €35,629. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 13617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+1
Solvency100=
Growth65=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 12.46 against 7.91 in 2024; short-term debt: 7.7% and cash: 92.6% of total assets), and 7.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
92.3%
Return on assets
9.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
31 d late
2023
30 d late
2022
32 d late
2021
48 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 company by equity in Nivelles, Accommodation and food service sector#6 oldest company in Nivelles, Accommodation and food service sector
Turnover
€193,718▲ 23.8%
2021 · €156,539
EBIT margin
14.5%▼ 13.4pp
2021 · 27.9%
Net result
€35,629▲ 8.9%
2024 · €32,705
Working capital
€325,428▲ 12.8%
2024 · €288,395
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Turnover€156,539▲ 18.5%€193,718▲ 23.8%
Operating result€43,670▲ 56.5%€28,063▼ 35.7%€54,036▲ 92.6%€48,794▼ 9.7%€54,008▲ 10.7%
Net result€37,610above the sector's middle half▲ 61.2%€17,612within the sector's middle half▼ 53.2%€35,351above the sector's middle half▲ 101%€32,705above the sector's middle half▼ 7.5%€35,629above the sector's middle half▲ 8.9%
EBIT margin27.9%▲ 6.8pp14.5%▼ 13.4pp
Equity€223,001above the sector's middle half▲ 20.3%€240,613above the sector's middle half▲ 7.9%€275,965above the sector's middle half▲ 14.7%€308,669above the sector's middle half▲ 11.9%€342,606above the sector's middle half▲ 11.0%
Total assets€242,199above the sector's middle half▲ 22.0%€268,164above the sector's middle half▲ 10.7%€315,243above the sector's middle half▲ 17.6%€350,728above the sector's middle half▲ 11.3%€370,998above the sector's middle half▲ 5.8%
Debt€19,198▲ 45.5%€27,550▲ 43.5%€39,279▲ 42.6%€42,059▲ 7.1%€28,391▼ 32.5%
Working capital€206,081above the sector's middle half▲ 13.8%€222,740above the sector's middle half▲ 8.1%€249,586above the sector's middle half▲ 12.1%€288,395above the sector's middle half▲ 15.5%€325,428above the sector's middle half▲ 12.8%
Solvency92.1%above the sector's middle half▼ 1.3pp89.7%above the sector's middle half▼ 2.3pp87.5%above the sector's middle half▼ 2.2pp88.0%above the sector's middle half▲ 0.5pp92.3%above the sector's middle half▲ 4.3pp
Current ratio11.78above the sector's middle half▼ 2.969.10above the sector's middle half▼ 2.697.35above the sector's middle half▼ 1.747.91above the sector's middle half▲ 0.5612.46above the sector's middle half▲ 4.55
Return on assets (ROA)15.5%within the sector's middle half▲ 3.8pp6.6%within the sector's middle half▼ 9.0pp11.2%within the sector's middle half▲ 4.6pp9.3%within the sector's middle half▼ 1.9pp9.6%within the sector's middle half▲ 0.3pp
Staff (FTE)1=1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370,998
Fixed assets
€17,182 ▼ 16.7%
Current assets
€353,816 ▲ 7.2%
Equity and liabilities €370,998
Equity
€342,606 ▲ 11.0%
Debt
€28,391 ▼ 32.5%
Debt's share of the balance-sheet total falls from 12.0% to 7.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,161▲
2024 · €54,556
Cash flow
€40,783▲
2024 · €38,466
Quick ratio
12.27▲
2024 · 7.77
Debt to equity
0.08▼
2024 · 0.14
ROE
10.4%▼
2024 · 10.6%
Interest coverage
36.42▲
2024 · 31.61
Debt ≤ 1 year
€28,388▼
2024 · €41,716
Income taxes
€17,061▲
2024 · €15,791
Staff costs
€59,671▲
2024 · €53,297
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €156,539 | €193,718 | - | - | - | - |
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €101,575 | €128,810 | €134,917 | - | - | - |
| Remuneration, social security and pensions62 | €30,995 | €42,470 | €50,633 | €53,297 | €59,671 | ▲ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,426 | €3,623 | €4,957 | €5,762 | €5,154 | ▼ 10.5% |
| Other operating charges640/8 | €868 | €1,140 | €1,339 | €1,039 | €1,042 | ▲ 0.2% |
| Non-recurring operating charges66A | €1 | - | €0 | €0 | - | - |
| Gross operating margin9900 | €77,959 | €75,297 | €110,965 | €108,892 | €119,874 | ▲ 10.1% |
| Operating profit (loss)9901 | €43,670 | €28,063 | €54,036 | €48,794 | €54,008 | ▲ 10.7% |
| Financial income75/76B | €1 | €0 | €151 | €1,427 | €307 | ▼ 78.5% |
| Recurring financial income75 | €1 | €0 | €151 | €1,427 | €307 | ▼ 78.5% |
| Financial charges65/66B | €1,170 | €1,367 | €1,550 | €1,726 | €1,625 | ▼ 5.9% |
| Recurring financial charges65 | €1,170 | €1,367 | €1,550 | €1,726 | €1,625 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €42,500 | €26,696 | €52,637 | €48,495 | €52,690 | ▲ 8.7% |
| Income taxes67/77 | €4,890 | €9,084 | €17,286 | €15,791 | €17,061 | ▲ 8.0% |
| Profit (loss) for the period9904 | €37,610 | €17,612 | €35,351 | €32,705 | €35,629 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | €37,610 | €17,612 | €35,351 | €32,705 | €35,629 | ▲ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,199 | €268,164 | €315,243 | €350,728 | €370,998 | ▲ 5.8% |
| Fixed assets21/28 | €17,009 | €17,915 | €26,378 | €20,616 | €17,182 | ▼ 16.7% |
| Tangible fixed assets22/27 | €17,009 | €17,915 | €26,378 | €20,616 | €17,182 | ▼ 16.7% |
| Plant, machinery and equipment23 | €11,837 | €10,074 | €23,568 | €19,338 | €16,726 | ▼ 13.5% |
| Furniture and vehicles24 | €5,172 | €4,341 | €2,810 | €1,279 | €456 | ▼ 64.3% |
| Assets under construction and advance payments27 | - | €3,500 | - | - | - | - |
| Current assets29/58 | €225,190 | €250,248 | €288,865 | €330,112 | €353,816 | ▲ 7.2% |
| Stocks and contracts in progress3 | €8,758 | €8,041 | €6,628 | €6,047 | €5,417 | ▼ 10.4% |
| Stocks30/36 | €8,758 | €8,041 | €6,628 | €6,047 | €5,417 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €7,488 | €5,772 | €5,320 | €2,890 | €4,062 | ▲ 40.5% |
| Trade receivables40 | €2,275 | €5,583 | €5,320 | €2,890 | €3,036 | ▲ 5.0% |
| Other amounts receivable41 | €5,213 | €189 | - | - | €1,026 | - |
| Cash at bank and in hand54/58 | €208,184 | €235,615 | €276,567 | €319,405 | €343,447 | ▲ 7.5% |
| Deferred charges and accrued income490/1 | €760 | €821 | €350 | €1,769 | €890 | ▼ 49.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,199 | €268,164 | €315,243 | €350,728 | €370,998 | ▲ 5.8% |
| Equity10/15 | €223,001 | €240,613 | €275,965 | €308,669 | €342,606 | ▲ 11.0% |
| Contributions10/11 | €18,840 | €18,840 | €18,840 | €18,840 | €18,840 | = |
| Reserves13 | €26,368 | €43,968 | €78,968 | €110,968 | €144,468 | ▲ 30.2% |
| Non-distributable reserves130/1 | €3,495 | €3,495 | €3,495 | €3,495 | €3,495 | = |
| Reserves not available under the articles1311 | €3,495 | €3,495 | €3,495 | €3,495 | €3,495 | = |
| Distributable reserves133 | €22,873 | €40,473 | €75,473 | €107,473 | €140,973 | ▲ 31.2% |
| Profit (loss) carried forward14 | €177,793 | €177,805 | €178,156 | €178,861 | €179,298 | ▲ 0.2% |
| Amounts payable17/49 | €19,198 | €27,550 | €39,279 | €42,059 | €28,391 | ▼ 32.5% |
| Amounts payable within one year42/48 | €19,109 | €27,509 | €39,279 | €41,716 | €28,388 | ▼ 32.0% |
| Current portion of amounts payable after more than one year42 | €4,710 | €8,120 | €10,396 | €11,847 | €14,011 | ▲ 18.3% |
| Trade debts44 | €3,546 | €5,021 | €3,716 | €9,304 | €2,007 | ▼ 78.4% |
| Suppliers440/4 | €3,546 | €5,021 | €3,716 | €9,304 | €2,007 | ▼ 78.4% |
| Advances received on contracts in progress46 | €65 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €10,789 | €14,368 | €25,167 | €20,566 | €11,536 | ▼ 43.9% |
| Taxes450/3 | €4,472 | €8,353 | €15,292 | €12,998 | €1,913 | ▼ 85.3% |
| Remuneration and social security454/9 | €6,317 | €6,015 | €9,876 | €7,568 | €9,624 | ▲ 27.2% |
| Other amounts payable47/48 | - | - | - | - | €833 | - |
| Accrued charges and deferred income492/3 | €89 | €42 | - | €343 | €4 | ▼ 98.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,610 | €17,612 | €35,351 | €32,705 | €35,629 | ▲ 8.9% |
| + Depreciation and write-downs630 | €2,426 | €3,623 | €4,957 | €5,762 | €5,154 | ▼ 10.5% |
| Operating cash flow (approximation) | €40,036 | €21,235 | €40,308 | €38,466 | €40,783 | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | -€4,530 | -€13,420 | €0 | -€1,719 | - |
| Change in cash | - | €27,430 | €40,953 | €42,837 | €24,042 | ▼ 43.9% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €17,612 ▼53.2%
Net result drops to €17,612, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €37,610 ▲61.2%
Net result €37,610, the highest in the series.
31-12
Financial
Equity above €200,000Eq €223,001 ▲20.3%
4 profitable years in a row build equity to €223,001.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €150,000Eq €162,056 ▲15.1%
2 profitable years in a row build equity to €162,056.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Nivelles · 1 establishment unit since 1986
Ground area
353 m²
Building footprint
97 m²
Volume, LiDAR
871 m³
Parcel 25782D0270/00H000, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Soignies 13, 1400 Nivelles
since 19862.129.319.452
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782D0270/00H000 | Wallonia | 353 m² | 1 · 97 m² | 11.6 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNivelles2.129.319.452
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BIBOIS
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’T VOSKEN, HOTEL – CAFE - RESTAURANT
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 7,327 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
Founded17-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428259255
Also
9925:BE0428259255
Registered
21-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.