Financials
- Fiscal year
- 2025
- Total assets
- €53,528
- Profit
- €22,537
- Solvency
- 76.5%
MANDAR MANAGEMENT
ActiveSummary
MANDAR MANAGEMENT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,939 and a net result of €22,537. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Other legal services
NACE 69109NACE 74114
2 sites
How big
€53,528total assets 2025
- Equity
- €40,939
- Profit
- €22,537
Turnover not published (abridged schema)
Who decides
- Board
- 2 members
Accounts filed 2 d late1 of 7 deeds read
Why 97- Size: total assets €53,528+ Sector Legal and accounting activities (NACE 69)+ Founded in 2003+ Figures for FY 2025 (filed 02-02-2026)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Better than 73% of its sector peers (NACE 69, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100+30
equity 76.5% of total assets
Liquidity
52-20
short-term debt 23.5% · cash 8.1%
Profitability
100+35
return on assets 42.1%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Sector Legal and accounting activities (NACE 69) lowers the probability
- Founded in 2003 lowers the probability for this profile
- Figures for FY 2025 (filed 02-02-2026) lowers the probability
- Size: total assets €53,528 raises the probability for this profile
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 4.01 against 1.67 in 2024; short-term debt: 23.5% and cash: 8.1% of total assets), and 23.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 69, micro). Better than this share of them on solvency 86%, liquidity 33%, profitability 82%, growth against the median 92%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €40,939
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
4 d late
2023
1 d late
2022
16 d late
2021
184 d late
2020
37 d early
2019
1 d early
← 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 24 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 4 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close02-10-2026 today31-01-2027 deadline
- Appointments: RODAER Raphaël Ary Raymond (non-statutory…Legal-form conversion · Statutes amendment…
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2019net €22,537 ▲467%
Key points
By topic
Board & ownership
- Board
- 2 members
Go to Board & ownership
Timeline
- Events
- 17
- Since
- 2017
- Next accounts
- by 31-01-2027
- 22-07-2026Appointments: RODAER Raphaël Ary Raymond (non-statutory director)…
- 02-02-2026Annual accounts filed
- 30-06-2025Highest result since 2019
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Other legal servicesNACE 69109
- Founded
- 31-10-2003
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 62
- Who signs
- Each director alone
- Annual meeting
- 30 November at 12:00
- Purpose
- Het beheer van vennootschappen; Het verstrekken van advies- en consultancydiensten in het…
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