MANDA
Dissolved on 12-05-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-04-2026 PDF all 15 filings
Equity
€167,134▼ 0.8%
2024 · €168,475
Total assets
€169,961▼ 2.1%
2024 · €173,682
Net result
-€1,341▲ 41.5%
2024 · -€2,293
Working capital
€167,134▼ 0.8%
2024 · €168,475
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€1,055
▲ 53.1%
2025
20182025
Net result
-€1,341
▲ 41.5%
2025
20182025
Equity
€167,134
▼ 0.8%
2025
20182025
Total assets
€169,961
▼ 2.1%
2025
20182025
Debt
€2,827
▼ 45.7%
2025
20182025
Working capital
€167,134
▼ 0.8%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€28,130-€22,695▼ 19.3%€8,059▼ 64.5%€11,677▲ 44.9%€14,710▲ 26.0%€18,209▲ 23.8%-€2,251-€1,055▲ 53.1%
Net result€18,208-€18,463▲ 1.4%€6,020▼ 67.4%€8,431▲ 40.0%€10,698▲ 26.9%€12,411▲ 16.0%-€2,293-€1,341▲ 41.5%
Equity€123,245-€134,208▲ 8.9%€139,228▲ 3.7%€147,659▲ 6.1%€158,357▲ 7.2%€170,768▲ 7.8%€168,475▼ 1.3%€167,134▼ 0.8%
Total assets€123,941-€143,469▲ 15.8%€155,197▲ 8.2%€165,901▲ 6.9%€164,833▼ 0.6%€179,190▲ 8.7%€173,682▼ 3.1%€169,961▼ 2.1%
Debt€695-€9,261▲ 13×€15,969▲ 72.4%€18,242▲ 14.2%€6,477▼ 64.5%€8,423▲ 30.0%€5,207▼ 38.2%€2,827▼ 45.7%
Working capital€123,245-€134,208▲ 8.9%€139,228▲ 3.7%€147,659▲ 6.1%€158,357▲ 7.2%€170,768▲ 7.8%€168,475▼ 1.3%€167,134▼ 0.8%
The operating result for 2025 is a loss of €1,055, smaller than the loss of €2,251 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €169,961
Equity
€167,134 ▼ 0.8%
Debt
€2,827 ▼ 45.7%
Debt's share of the balance-sheet total falls from 3.0% to 1.7%. Equity and debt are lower.
Key figures and ratios
Current ratio
60.12▲
2024 · 33.35
Debt to equity
0.02▼
2024 · 0.03
ROE
-0.8%▲
2024 · -1.4%
ROA
-0.8%▲
2024 · -1.3%
Debt ≤ 1 year
€2,827▼
2024 · €5,207
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €101 | €102 | €109 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €28,226 | €22,793 | €8,159 | €11,778 | €14,812 | €18,318 | -€1,746 | -€536 | ▲ 69.3% |
| Operating profit (loss)9901 | €28,130 | €22,695 | €8,059 | €11,677 | €14,710 | €18,209 | -€2,251 | -€1,055 | ▲ 53.1% |
| Recurring financial income75 | €318 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | - | - | €6 | €42 | €286 | ▲ 582% |
| Recurring financial charges65 | €99 | €113 | €38 | - | - | €6 | €42 | €286 | ▲ 582% |
| Profit (loss) for the period before taxes9903 | €28,348 | €22,582 | €8,021 | €11,677 | €14,710 | €18,203 | -€2,293 | -€1,341 | ▲ 41.5% |
| Income taxes67/77 | €10,140 | €4,119 | €2,001 | €3,246 | €4,012 | €5,792 | €0 | - | - |
| Profit (loss) for the period9904 | €18,208 | €18,463 | €6,020 | €8,431 | €10,698 | €12,411 | -€2,293 | -€1,341 | ▲ 41.5% |
| Profit (loss) for the period to be appropriated9905 | €18,208 | €18,463 | €6,020 | €8,431 | €10,698 | €12,411 | -€2,293 | -€1,341 | ▲ 41.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €123,941 | €143,469 | €155,197 | €165,901 | €164,833 | €179,190 | €173,682 | €169,961 | ▼ 2.1% |
| Current assets29/58 | €123,941 | €143,469 | €155,197 | €165,901 | €164,833 | €179,190 | €173,682 | €169,961 | ▼ 2.1% |
| Amounts receivable after more than one year29 | - | - | - | €105,700 | €90,300 | €75,900 | €68,700 | €68,700 | = |
| Other amounts receivable291 | - | - | - | €105,700 | €90,300 | €75,900 | €68,700 | €68,700 | = |
| Stocks and contracts in progress3 | €26,716 | €11,980 | €12,780 | €9,110 | €13,700 | €7,460 | €0 | - | - |
| Stocks30/36 | - | - | - | €9,110 | €13,700 | €7,460 | €0 | - | - |
| Amounts receivable within one year40/41 | €18,419 | €7,528 | €881 | €10,473 | €1,616 | €9,674 | €17,746 | €6,268 | ▼ 64.7% |
| Trade receivables40 | - | - | - | €10,473 | €1,616 | €9,674 | €13,746 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | - | - | €4,000 | €6,268 | ▲ 56.7% |
| Cash at bank and in hand54/58 | €78,806 | €123,961 | €141,536 | €40,618 | €59,218 | €86,156 | €87,237 | €94,993 | ▲ 8.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €123,941 | €143,469 | €155,197 | €165,901 | €164,833 | €179,190 | €173,682 | €169,961 | ▼ 2.1% |
| Equity10/15 | €123,245 | €134,208 | €139,228 | €147,659 | €158,357 | €170,768 | €168,475 | €167,134 | ▼ 0.8% |
| Contributions10/11 | €9,210 | €9,210 | - | €9,210 | €9,210 | €9,210 | €9,210 | €9,210 | = |
| Reserves13 | €114,035 | €124,998 | €130,018 | €138,449 | €149,147 | €161,558 | €159,265 | €157,924 | ▼ 0.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €136,589 | €147,287 | €159,698 | €157,405 | €156,064 | ▼ 0.9% |
| Amounts payable17/49 | €695 | €9,261 | €15,969 | €18,242 | €6,477 | €8,423 | €5,207 | €2,827 | ▼ 45.7% |
| Amounts payable within one year42/48 | €695 | €9,261 | €15,969 | €18,242 | €6,477 | €8,423 | €5,207 | €2,827 | ▼ 45.7% |
| Trade debts44 | €454 | €454 | €454 | €11,634 | €454 | €1,496 | €387 | €634 | ▲ 63.8% |
| Suppliers440/4 | - | - | - | €11,634 | €454 | €1,496 | €387 | €634 | ▲ 63.8% |
| Taxes, remuneration and social security45 | - | - | - | €3,915 | €3,330 | €4,233 | €2,127 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €3,915 | €3,330 | €4,233 | €2,127 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €2,693 | €2,693 | €2,693 | €2,693 | €2,193 | ▼ 18.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,208 | €18,463 | €6,020 | €8,431 | €10,698 | €12,411 | -€2,293 | -€1,341 | ▲ 41.5% |
| Operating cash flow (approximation) | €18,208 | €18,463 | €6,020 | €8,431 | €10,698 | €12,411 | -€2,293 | -€1,341 | ▲ 41.5% |
| Change in cash | - | €45,155 | €17,575 | -€100,918 | €18,600 | €26,939 | €1,080 | €7,756 | ▲ 618% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-04-2026 | 2026-00087892 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00235612 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00185233 | |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00202575 | |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20194575 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-32800349 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-21400388 | |
| 31-12-2018 | micro format | 01-07-2019 | 2019-26200187 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-23700289 | |
| 31-12-2016 | micro format | 27-06-2017 | 2017-21200018 |