MANCINELLI M.
ActiveMANCINELLI M. has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €574k and a net result of €77k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+19
Solvency100▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 2.85 in 2024; short-term debt: 11.5% and cash: 12.9% of total assets), and 15.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
84.1%
Return on assets
11.3%
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 26-08-2026, 26 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
26 d late
2024
30 d late
2023
25 d late
2022
27 d late
2021
27 d late
2020
30 d late
2019
85 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€574k▲ 5.6%
2024 · €543k
2018: €437k
2019: €386k
2020: €439k
2021: €439k
2022: €456k
2023: €493k
2024: €543k
2018 → 2025
Total assets
€683k▼ 24.9%
2024 · €909k
2018: €955k
2019: €848k
2020: €989k
2021: €886k
2022: €1.07M
2023: €1.28M
2024: €909k
2018 → 2025
Net result
€77k▲ 53.0%
2024 · €51k
2018: €35k
2019: €-46k
2020: €73k
2021: €25k
2022: €17k
2023: €37k
2024: €51k
2018 → 2025
Working capital
€129k▼ 48.4%
2024 · €250k
2018: €16k
2019: €-41k
2020: €24k
2021: €-3k
2022: €224k
2023: €492k
2024: €250k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€439k-€456k▲ 3.9%€493k▲ 8.1%€543k▲ 10.3%€574k▲ 5.6%
Operating result€26k-€18k▼ 29.8%€74k▲ 312%€82k▲ 11.1%€90k▲ 9.8%
Net result€25k-€17k▼ 30.5%€37k▲ 115%€51k▲ 36.9%€77k▲ 53.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €683k
Fixed assets
€475k▼ 9.4%
Current assets
€208k▼ 46.0%
Equity and liabilities €683k
Equity
€574k▲ 5.6%
Debt
€109k▼ 70.2%
The debt ratio falls from 40.2% to 15.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€139k▼
2024 · €150k
Cash flow
€127k▲
2024 · €119k
Solvency
84.1%▲
2024 · 59.8%
Current ratio
2.64▼
2024 · 2.85
Quick ratio
2.53▲
2024 · 0.99
Debt / equity
0.19▼
2024 · 0.67
ROE
13.5%▲
2024 · 9.3%
ROA
11.3%▲
2024 · 5.6%
Interest coverage
18.68▲
2024 · 4.54
Debt
€109k▼
2024 · €366k
Debt ≤ 1 year
€79k▼
2024 · €135k
Debt > 1 year
€30k▼
2024 · €231k
Income taxes
€12k▼
2024 · €19k
Staff costs
€148k▼
2024 · €170k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€909k€683k▼
Fixed assets21/28€524k€475k▼
Tangible fixed assets22/27€520k€471k▼
Land and buildings22€480k€450k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€16k€2k▼
Other tangible fixed assets26€21k€16k▼
Financial fixed assets28€4k€4k=
Current assets29/58€385k€208k▼
Stocks and contracts in progress3€251k€9k▼
Stocks30/36€251k€9k▼
Amounts receivable within one year40/41€44k€107k▲
Trade receivables40€33k€87k▲
Other amounts receivable41€11k€20k▲
Cash at bank and in hand54/58€83k€88k▲
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€909k€683k▼
Equity10/15€543k€574k▲
Contributions10/11€6k€6k=
Reserves13€21k€21k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€516k€546k▲
Amounts payable17/49€366k€109k▼
Amounts payable after more than one year17€231k€30k▼
Financial debts170/4€231k€30k▼
Amounts payable within one year42/48€135k€79k▼
Current portion of amounts payable after more than one year42€83k€47k▼
Trade debts44€15k€805▼
Suppliers440/4€15k€805▼
Advances received on contracts in progress46€4k€4k=
Taxes, remuneration and social security45€29k€27k▼
Taxes450/3€12k€16k▲
Remuneration and social security454/9€18k€10k▼
Other amounts payable47/48€4k€366▼
Income statement
Code20242025
Remuneration, social security and pensions62€170k€148k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€49k▼
Other operating charges640/8€11k€11k▼
Gross operating margin9900€331k€297k▼
Operating profit (loss)9901€82k€90k▲
Financial income75/76B€20k€7k▼
Recurring financial income75€20k€7k▼
Financial charges65/66B€33k€7k▼
Recurring financial charges65€33k€7k▼
Profit (loss) for the period before taxes9903€69k€90k▲
Income taxes67/77€19k€12k▼
Profit (loss) for the period9904€51k€77k▲
Profit (loss) for the period to be appropriated9905€51k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€516k€593k▲
Profit (loss) brought forward from the previous period14P€465k€516k▲
Profit to be distributed694/7-€47k
Return on contributions (dividend)694-€47k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
25-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation2 facts ▸
- General meeting, 29/12/2025
- Director resignation, BAGLIVO SALVATORE (administrateur)
2025
31-12
Financial
Highest result since 2018net €77k ▲53%
Operating result €90k, net result €77k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Equity above €500kEq €543k ▲10.3%
5 profitable years in a row build equity to €543k.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.14
Current ratio from 0.98 to 2.14.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €73k
Net result €73k after one loss-making year.
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
2019
31-12
Financial
Weakest financial yearnet €-46k ▼232%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-11-2025
Resigned as Director
Location & real-estate footprint
Registered office, Juprelle · 1 establishment unit since 1999
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.
Rue de Houtain 414450 JuprelleGround area
1,914 m²
Building footprint
271 m²
Volume, LiDAR
1,036 m³
2 parcels, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Houtain 43, 4450 Juprelle
since 19992.091.561.312
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62097A0750/00F000 | Wallonia | 1,481 m² | 1 · 176 m² | 7.5 m · 2 fl. |
| 62035A0471/03B000 | Wallonia | 433 m² | 1 · 95 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,308 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-1999
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
45211
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.mancinelli.be
E-mail:info@mancinelli.be