MANCOM
ActiveSummary
MANCOM has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of €390,885. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 93% of 10,760 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1.7 FTE
- Equity
- €4.6m
- Profit
- €390,885
Why 95lowers riskLiquidity: current ratio 10.47, cash €1.0mEquity €4.6m (95.8% of total assets)Size: 1.7 FTE, total assets €4.8mFounded in 2003Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 86% on solvency, 68% on liquidity, 45% on profitability and 56% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 25 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 49% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 31,368 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €87,307 | €88,476 | €95,680 | €97,641 | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,206 | €61,293 | €45,680 | €43,866 | €44,774 | €45,135 | €62,844 | ▲ 39.2% |
| Other operating charges640/8 | - | - | - | €5,489 | €5,690 | €6,125 | €7,362 | ▲ 20.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €195 | - |
| Gross operating margin9900 | €493,559 | €460,154 | €440,820 | €621,867 | €629,418 | €367,965 | €497,454 | ▲ 35.2% |
| Operating profit (loss)9901 | €351,271 | €317,521 | €312,704 | €485,205 | €490,478 | €221,025 | €329,411 | ▲ 49.0% |
| Financial income75/76B | - | - | - | €304,973 | €212,871 | €78,249 | €151,919 | ▲ 94.1% |
| Recurring financial income75 | €3,501 | €7,195 | €101,382 | €304,973 | €212,871 | €78,249 | €151,919 | ▲ 94.1% |
| Financial charges65/66B | - | - | - | €13,613 | €13,680 | €17,001 | €9,384 | ▼ 44.8% |
| Recurring financial charges65 | €29,331 | €22,795 | €14,182 | €13,613 | €13,680 | €17,001 | €9,384 | ▼ 44.8% |
| Profit (loss) for the period before taxes9903 | €326,927 | €301,920 | €399,904 | €776,565 | €689,669 | €282,274 | €471,946 | ▲ 67.2% |
| Transfer from deferred taxes780 | - | - | - | €1,561 | €1,561 | €1,561 | €1,561 | = |
| Income taxes67/77 | €104,636 | €80,196 | €70,648 | €112,680 | €114,559 | €54,809 | €82,623 | ▲ 50.7% |
| Profit (loss) for the period9904 | €223,852 | €223,285 | €330,817 | €665,446 | €576,671 | €229,026 | €390,885 | ▲ 70.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €99,282 | €167,232 | €92,032 | €3,032 | ▼ 96.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €315,750 | €315,750 | €115,775 | €157,875 | ▲ 36.4% |
| Profit (loss) for the period to be appropriated9905 | €151,728 | €137,317 | €294,999 | €448,978 | €428,153 | €205,283 | €236,042 | ▲ 15.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.3m | €3.3m | €3.5m | €4.0m | €4.5m | €4.5m | €4.8m | ▲ 6.7% |
| Fixed assets21/28 | €2.3m | €2.3m | €2.9m | €2.8m | €2.8m | €2.8m | €2.8m | ▼ 2.2% |
| Intangible fixed assets21 | €0.002m | €102 | €0.001m | €0.001m | €386 | - | - | - |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 5.6% |
| Land and buildings22 | - | - | - | €1.1m | €1.1m | €1.0m | €1.0m | ▼ 4.2% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.01m | €0.01m | €0.009m | ▼ 9.1% |
| Furniture and vehicles24 | - | - | - | - | €0.001m | €0.09m | €0.07m | ▼ 20.2% |
| Financial fixed assets28 | €1.1m | €1.1m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Current assets29/58 | €0.9m | €1.0m | €0.6m | €1.2m | €1.7m | €1.7m | €2.0m | ▲ 22.0% |
| Amounts receivable within one year40/41 | €0.6m | €0.4m | €0.004m | €0.2m | €0.003m | €0.01m | €0.004m | ▼ 71.9% |
| Trade receivables40 | - | - | - | €0.004m | €0.003m | €0.001m | €0.004m | ▲ 162% |
| Other amounts receivable41 | - | - | - | €0.2m | - | €0.01m | - | - |
| Current investments50/53 | €0.3m | €0.6m | €0.2m | €0.3m | €0.3m | €0.8m | €1.0m | ▲ 19.1% |
| Cash at bank and in hand54/58 | €0.05m | - | €0.4m | €0.6m | €1.3m | €0.8m | €1.0m | ▲ 27.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.007m | €0.007m | €0.005m | ▼ 29.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.3m | €3.3m | €3.5m | €4.0m | €4.5m | €4.5m | €4.8m | ▲ 6.7% |
| Equity10/15 | €2.2m | €2.4m | €2.8m | €3.4m | €4.0m | €4.2m | €4.6m | ▲ 9.2% |
| Contributions10/11 | €0.03m | €0.03m | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €2.2m | €2.4m | €2.7m | €3.4m | €4.0m | €4.2m | €4.6m | ▲ 9.3% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.003m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.7m | €0.9m | €0.9m | €1.1m | ▲ 16.9% |
| Distributable reserves133 | - | - | - | €2.7m | €3.1m | €3.3m | €3.5m | ▲ 7.2% |
| Provisions and deferred taxes16 | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | €0.008m | ▼ 16.0% |
| Deferred taxes168 | - | - | - | €0.01m | €0.01m | €0.01m | €0.008m | ▼ 16.0% |
| Amounts payable17/49 | €1.1m | €0.9m | €0.7m | €0.6m | €0.5m | €0.3m | €0.2m | ▼ 30.6% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.2m | €0.06m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.06m | - | - | - | - |
| Amounts payable within one year42/48 | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €0.3m | €0.2m | ▼ 30.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.06m | - | - | - |
| Trade debts44 | €0.003m | €0.009m | €0.007m | €0.005m | €0.007m | €0.005m | €0.01m | ▲ 81.5% |
| Suppliers440/4 | - | - | - | €0.005m | €0.007m | €0.005m | €0.01m | ▲ 81.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.04m | €0.09m | ▲ 142% |
| Taxes450/3 | - | - | - | €0.2m | €0.2m | €0.02m | €0.08m | ▲ 246% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 2.8% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.2m | €0.09m | ▼ 61.6% |
| Accrued charges and deferred income492/3 | - | - | - | €428 | €0.002m | €0.002m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €223,852 | €223,285 | €330,817 | €665,446 | €576,671 | €229,026 | €390,885 | ▲ 70.7% |
| + Depreciation and write-downs630 | €61,206 | €61,293 | €45,680 | €43,866 | €44,774 | €45,135 | €62,844 | ▲ 39.2% |
| Operating cash flow (approximation) | €285,058 | €284,577 | €376,497 | €709,312 | €621,445 | €274,161 | €453,728 | ▲ 65.5% |
| Investment in fixed assets (approximation) | - | -€4,441 | -€628,384 | -€11,243 | -€4,049 | -€93,395 | €99 | - |
| Change in cash | - | - | - | €194,334 | €767,310 | -€544,553 | €216,732 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 02-01-2026 | 2026-00002719 |
| 30-06-2024 | abbreviated format | 02-01-2025 | 2025-00628842 |
| 30-06-2023 | abbreviated format | 08-01-2024 | 2024-00544920 |
| 30-06-2022 | abbreviated format | 30-12-2022 | 2023-20552103 |
| 30-06-2021 | abbreviated format | 11-01-2022 | 2022-00800457 |
| 30-06-2020 | abbreviated format | 19-01-2021 | 2021-01100463 |
| 30-06-2019 | abbreviated format | 30-12-2019 | 2019-77700440 |
| 30-06-2018 | abbreviated format | 29-01-2019 | 2019-03300323 |
| 30-06-2017 | abbreviated format | 04-01-2018 | 2018-00500191 |
| 30-06-2016 | abbreviated format | 29-01-2017 | 2017-03100360 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MERLEVEDE Filip |
|
Owners and capital
Capital and shareholders
- 02-05-2023 Converted to unavailable equity · €27,500
Group and network
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 30-06-2025
-
99.96%
-
99.96%
- Equity €1.6mResult -€19,52050%
According to the annual accounts to 30-06-2025 of MANCOM and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
2 board mandatesHistory
Acts, filings and financial milestones
02-05
Gazette deed
Registered office · Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousReappointment: MERLEVEDE Filip (statutory director) · Legal-form conversion · Capital conversion9 facts ▸
- General meeting, 26-04-2023
- Legal-form conversion, “adaptation to WVV, Besloten Vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- General meeting, “opheffen statutair onbeschikbare eigen vermogensrekening, artikel 39, §2, derde lid van de wet van 23-03-2019” (deed in Dutch)
- Director reappointment, MERLEVEDE Filip (statutory director)
- Amendment of the articles
- Director in office, MERLEVEDE Filip (director)
- Incorporation, “Besloten Vennootschap met Beperkte Aansprakelijkheid” (deed in Dutch)
- Registered-office move, 8970 Poperinge, Ieperstraat 210
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34018A0163/00L000 | Flanders | 3,678 m² | 1 · 902 m² | 8.2 m · 2 |
| 33312D0679/00M000 | Flanders | 851 m² | 1 · 213 m² | 8.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Verlenen van alle dienstprestaties van economische aard, zowel voor eigen rekening als voor rekening van derden. Daartoe behoren onder meer…” (deed in Dutch)
6 activities (deed in Dutch)
- Verlenen van alle dienstprestaties van economische aard, zowel voor eigen rekening als voor rekening van derden. Daartoe behoren onder meer het stellen van borgstelling voor rekening van derden, financieel, administratief, commercieel, technisch en sociaal beheer en advies
- Het patrimonium van de vennootschap te behouden, in de ruimste zin van het woord te beheren, en oordeelkundig uit te breiden, alle beschikbare middelen te beleggen of weder te beleggen, zowel in roerende als in onroerende goederen. Binnen het kader van haar voorwerp zal de vennootschap mogen overgaan tot het aankopen, opschikken, uitrusten, valoriseren, bouwen, verhuren of in huur nemen van onroerende goederen, al dan niet gemeubeld
- Het besturen van vennootschappen, welk voorwerp deze vennootschappen ook mochten hebben
- Het ter beschikking stellen van eigen personeel tegen vergoeding aan private en rechtspersonen
- In het algemeen zal de vennootschap alle roerende, onroerende of financiële verrichtingen mogen stellen, die nodig zijn voor de verwezenlijking van haar voorwerp
- De vennootschap mag daarenboven belangen nemen, hetzij door deelneming, inbreng of elke andere wijze in alle vennootschappen, ondernemingen, beroepsverenigingen of groeperingen, bestaande of op te richten, zo in België als in het buitenland, die een gelijkluidend, aanvullend of soortgelijk voorwerp nastreven, of die van aard zijn de ontwikkeling van haar onderneming te bevorderen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MANCOM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, exploitatiezetels, administratieve zetels, filialen, agentschappen en depots in België of het buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 9 : Bestuur Het bestuursorgaan zal overeenkomstig artikel 5:73 WVV, alle handelingen verrichten die nodig of dienstig zijn tot…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Indien een rechtspersoon tot bestuurder wordt aangesteld, dient de besturende vennootschap een vaste vertegenwoordiger aan te stellen…” (deed in Dutch)“Het bestuursorgaan zal overeenkomstig artikel 5:73 WVV, alle handelingen verrichten die nodig of dienstig zijn tot verwezenlijking van het…” (deed in Dutch)3 more provisions on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Aandelen op naam, 250” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of December at 15:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Ontbinding, beslissing van de algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Onmiddellijke sluiting van de vereffening, onder de voorwaarden van artikel 2:80 WVV” (deed in Dutch)