Active BE 0755.961.184Private limited company

MANDACHE CONSTRUCT

Wereldtentoonstellingslaan 18 ·1083 Ganshoren, Belgium· 5 yrs active

Sector: Specialised construction (43990)

Conclusion Checked

The computed 12-month bankruptcy probability of MANDACHE CONSTRUCT is 4.1% (elevated). The 2024 annual accounts show equity of €101k and a net result of €14k. Its solvency ranks better than 70% of 484 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€101k
Net result	€14k
Staff (FTE)	1
Better than sector	70%

Snowflake analysis 5 axes · computed by Checked

72 / 100

Strong profile, led by solvency.

Health 92

Profitability 54

Solvency 96

Growth 22

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

4.1% Elevated

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

92 / 100 Excellent

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 31-08-2025 with the NBB · fiscal year 2024 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	51.3%	36.7%	better than 70% of 484 sector peers
Net result	€14k	€19k	better than 44% of 482 sector peers
Equity	€101k	€90k	better than 52% of 484 sector peers
Gross operating margin	€77k	€110k	better than 44% of 455 sector peers
Staff costs	€34k	€141k	higher than 23% of 317 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€405k

-16.8% 23-24

EBITDA

€39k

-56.2% +250% vs sector

Net profit

€14k

-73.0% +175% vs sector

Cash flow

€30k

-54.7% +288% vs sector

Total assets

€196k

-31.7% +8% vs sector

Equity

€101k

-31.7% +6% vs sector

Working capital

€82k

-35.7% -11% vs sector

Employees (FTE)

1

0.0% -80% vs sector

Staff costs

€34k

+3.0% -79% vs sector

Income taxes

€5k

-75.2% +70% vs sector

Dividends

€22k

- +120% vs sector

Debt

€95k

-31.7% -3% vs sector

Debt ≤ 1y

€65k

-34.4% +35% vs sector

Debt > 1y

€30k

-25.2% -56% vs sector

Current ratio

2.25

-1.1% +3% vs sector

Quick ratio

2.25

-1.1% +6% vs sector

Solvency

51.3%

0.0% +13% vs sector

Debt / equity

0.95

0.0% -21% vs sector

ROE

14.4%

-60.4% +160% vs sector

ROA

7.4%

-60.4% far above sector median

Net margin

3.6%

-67.5% 23-24

EBITDA margin

9.5%

-47.4% 23-24

Interest coverage

9.07

-61.3% -19% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	€405k
EBITDA	€39k
Net profit	€14k
Cash flow	€30k
Staff costs	€34k
Income taxes	€5k
Dividends	€22k
Total assets	€196k
Equity	€101k
Debt	€95k
of which ≤ 1y	€65k
of which > 1y	€30k
Working capital	€82k
Employees (FTE)	1.0

Ratios (computed)

	2024
Current ratio	2.25
Quick ratio	2.25
Working capital ratio	41.6%
Solvency	51.3%
Debt / equity	0.95
Long-term debt ratio	0.30
Interest coverage	9.07
Gross margin	18.4%
Net margin	3.6%
ROA	7.4%
ROE	14.4%
EBITDA margin	9.5%
Days sales outstanding	31d
Days payable outstanding	12d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €49k · 25.1% Current assets €147k · 74.9%

Equity & liabilities

Equity €101k · 51.3% Debt €95k · 48.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€196k
Fixed assets	21/28	€49k
Tangible fixed assets	22/27	€49k
Financial fixed assets	28	€490
Current assets	29/58	€147k
Amounts receivable within one year	40/41	€55k
Cash & bank	54/58	€91k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€196k
Equity	10/15	€101k
Contributions / capital	10/11	€5k
Reserves	13	€475
Accumulated profits (losses)	14	€95k
Amounts payable	17/49	€95k
Amounts payable after one year	17	€30k
Amounts payable within one year	42/48	€65k
Trade debts payable within one year	44	€11k
Income statement
Turnover	70	€405k
Gross operating margin	9900	€77k
Operating result	9901	€23k
Financial charges	65	€4k
Result before taxes	9903	€19k
Income taxes	67/77	€5k
Net result for the period	9904	€14k
Result to be appropriated	9905	€14k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Specialised construction(43990)
Legal form	Private limited company(610)
Incorporation	09-10-2020
Status	Active
Postal code	1083

Establishment units 1 location

MANDACHE CONSTRUCT

Wereldtentoonstellingslaan 18, 1083 GanshorenExploitatie van bossen : houthakken en de productie van onbewerkt hout als mijnhout, gekloofde staken, palen en brandhout

since 20202.308.314.047

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21008A0398/00Y000	Brussels	450 m²	1 · 300 m²	25.3 m · 8 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

31-08-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

30-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

2023

31-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

29-07-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

Credit advice verdict per customer and amount

AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

AI-generated from Checked data; indicative, not legal or investment advice.

Company registry (CBE) Crossroads Bank

Activities

Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Algemene reiniging van gebouwen81210Algemene reiniging van gebouwen81210

Primary activity highlighted.

Names & trade names

Legal nameFR

MANDACHE CONSTRUCT

Registered office

Wereldtentoonstellingslaan 18 bus 12

1083 Ganshoren, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

Similar companies Same NACE

FORESTELL INTERNATIONAL BE 0431.382.061 · Tournai

DAKMEESTERS BE 0436.448.629 · Wommelgem

AMCON BE 0427.409.021 · Antwerpen

M.V.H. rejointoyage BE 0418.271.126 · Verviers

INTERNATIONAL BUSINESS ASSISTANCE BE 0425.644.215 · Brasschaat