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MANDARIN

Active Private limited company (pre-2019)founded 1992active for 34 yearsBrusselbaan 155, 1790 AffligemKBO/BCE: BE 0446.493.671 #5 oldest company in Affligem, Accommodation and food service sector

Overview

Lifetime

20 annual accounts with figures on one time axis, 34 filings since 1992
peak €76,080 (2024)
€14,380▼ 81.1%
lowest -€40,762 (2025)
-€40,762▼ €62,312
peak €134,346 (2024)
€93,584▼ 30.3%
€15,500▼ 29.7%
peak 1.8 FTE (2011)
-not published
Board1 name since 2022
1 director
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €76,080 to €14,380Loss of €40,762Equity from €134,346 to €93,584Debts from €22,064 to €15,500Cash from €96,358 to €61,420

Key points

from the 2025 annual accounts

Result

-€40,762 -€40,762
€21,6002024-€40,8002025

From profit to loss in 2025, after a profit of €21,550 in 2024.

Turnover

≈ €150,000 estimated

The micro format states no turnover.

Position in the sector

-€40,762

Lower net result than 94% of companies in food and beverage service. Sector median €4,675 · 18,476 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 5,828 companies had the same profile as MANDARIN has now. Each dot stands for 15 companies, two years later.

84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more

Another 0.4% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 5,828 companies, not a prediction for MANDARIN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0446493671
Incorporation published on 21-02-1992 · Gazette deed
All 42 events

Comparable companies

same main activity, similar in size and age
Company
MANDARIN Affligem €109,084 €14,380 85.8% -
Pinacoteca Lille €107,911 €14,428 92.1% -
Den Hoek Boom €114,229 €15,140 91.1% -
FESTOS Ciney €96,576 €17,280 54.4% -
Horse - House Vilvoorde €108,906 €15,205 46.9% -
THAI CHINE Drogenbos €73,972 €15,003 78.4% -
Fabrice FICHELLE Rumes €98,182 €17,551 96.6% -

These companies have the same main activity as MANDARIN: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €74,000 and €114,000, founded between 1979 and 1997.

Official details

Source: KBO
Status
Active since 24-01-1992Normal situation
Activity
Full-service restaurantsNACE 56111
Joint committee
302Hotels and catering · annual accounts 2024
Financial year end
31 December
Peppol
Reachable since 11-03-2026
Company details

Annual accounts 2025

€14,380▼ 81.1%
€40,762
€93,584▼ 30.3%
€109,084▼ 30.3%
0.8 FTE▼ 20.0%
Filing
Filed on 30-07-2026, 1 day before the end of the filing period
Financials

Insights on MANDARIN

MANDARIN files the micro format. That format states no turnover. The gross margin fell from €47,270 in 2006 to €14,380 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-07-2026, 1 day before the deadline
€14,380
▼ 81.1%
-€39,789
▼ €71,476
-€40,762
▼ €62,312
€69,505
▼ 29.7%
85.8%
▼ 0.1 percentage points
5.48
▲ 0.00

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €150,000. Estimated: probably between €75,000 and €310,000.

Balance sheet

balance sheet total €109,084 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

85.8%

Higher than 94% of 18,509 companies in 2025.

5.48

Higher than 92% of 17,864 companies in 2025.

-37.4%

Higher than 9% of 17,961 companies in 2025.

MANDARIN Middle half of the sector 80% of the sector Micro accounts in food and beverage service (NACE 56)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Staff

€48,673

Staff costs divided by the average number of full-time equivalents.

11 hours per contract

contracts started contracts ended

In 2025, 114 short contracts started and 115 ended, on average 11 hours worked per contract. Staff averaged 0.8 full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 109,084156,410128,017106,783116,37997,625101,67987,77279,67282,77178,67575,80570,37463,64172,22576,06579,86384,19453,46543,056
21/28 24,07935,43039,19638,02646,97520,99013,55514,95815,92515,44816,2037,1319,1318,02216,98426,25031,33441,59116,02311,140
22/27 21,10432,45536,22135,05144,00018,01510,58011,98312,95012,47313,2284,1566,1565,04714,00923,27528,35938,61613,0488,165
23 19,35523,71120,48212,31614,27018,01510,58011,98312,95012,47313,2284,1566,1565,0476,8098,8756,7599,81613,0488,165
24 1,7498,74415,73922,73529,730---------7,20014,40021,60028,800--
28 2,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,9752,975
29/58 85,005120,98088,82168,75769,40476,63588,12472,81463,74767,32362,47268,67461,24355,61955,24149,81548,52942,60337,44231,916
3 -4164925146487139112,4542,2101,8321,6211,7801,8231,2301,1211,2801,416559507420
30/36 -4164925146487139112,4542,2101,8321,6211,7801,8231,2301,1211,2801,416559507420
40/41 23,58524,20625,78235,40328,30430,63229,48927,01724,48626,84629,13930,21328,79127,21131,11426,93526,86526,70622,74923,848
40 -----458------1,037-------
41 23,58524,20625,78235,40328,30430,17429,48927,01724,48626,84629,13930,21327,75427,21131,11426,93526,86526,70622,74923,848
54/58 61,42096,35861,09032,84040,45245,29057,72443,34337,05138,64531,71236,68130,62927,17821,81720,22618,11014,99712,3916,101
490/1 --1,457-----------1,1891,3742,1383411,7951,547
Balance sheet: equity and liabilities
10/49 109,084156,410128,017106,783116,37997,625101,67987,77279,67282,77178,67575,80570,37463,64172,22576,06579,86384,19453,46543,056
10/15 93,584134,346112,79693,025108,07987,29285,54478,60570,26071,08173,38767,70661,12955,26154,65852,00845,23344,61639,99034,923
10/11 140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000
100 -----140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000140,000
13 4,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5291,2991,2991,2991,2991,299
133 4,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5294,5291,2991,2991,2991,2991,299
14 -50,945-10,183-31,733-51,504-36,450-57,237-58,985-65,924-74,269-73,448-71,142-76,823-83,400-89,268-89,871-89,291-96,066-96,683-101,309-106,376
17/49 15,50022,06415,22113,7588,30010,33316,1359,1679,41211,6905,2888,0999,2458,38017,56724,05734,63039,57813,4758,133
17 --------------2,71110,56018,00125,055--
170/4 --------------2,71110,56018,00125,055--
42/48 15,50022,06415,22113,7588,30010,33316,1359,1679,41211,6905,2888,0998,0638,38014,85613,49716,62914,52313,4758,133
42 -------------2,7117,8497,4417,0536,686--
43 ------667----1,0001,038-667667667667667333
430/8 ------667----1,0001,038-667667667667667333
44 1,2865,4525,9397,8103,3504,6668,5734,0595,5938,3012,0833,9063,3252,7993,9951,4013,9124,3796,0863,227
440/4 1,2865,4525,9397,8103,3504,6668,5734,0595,5938,3012,0833,9063,3252,7993,9951,4013,9124,3796,0863,227
45 14,21416,6129,2825,9484,9505,6676,8955,1083,8193,3893,2053,1933,7002,8702,3453,9884,9972,7916,7224,573
450/3 -13,4762,7743,5031322,0532,4352,6631,7991,4031,4251,9112,1871,4391,1042,2802,3031,7582,5092,356
454/9 14,2143,1366,5082,4454,8183,6144,4602,4452,0201,9861,7801,2821,5131,4311,2411,7082,6941,0334,2132,217
492/3 ------------1,182-------
Income statement
9900 14,38076,08061,37214,57671,82737,48153,78846,55337,38735,21741,36441,81938,70542,61641,14145,74845,11545,09240,39247,270
62 38,93829,78226,99916,28539,15827,55641,28233,40733,81532,31031,03731,35229,41130,07229,44826,18129,11025,78624,27336,831
630 13,94313,36311,22211,0998,9923,6422,8532,5632,2442,7742,5722,0002,0818,9629,2669,48110,25710,4324,6553,549
640/8 1,2881,2489321,1071,5923,7791,4199811,1321,1821,0901,1022632,0321,1061,1271,4641,7725,4122,910
9901 -39,78931,68722,219-13,91522,0852,5048,2349,602196-1,0496,6657,3656,9501,5501,3218,9594,2847,1026,0523,980
75/76B 10515381221151811018128023238830212514621414599
75 10515381221151811018128023238830212514621414599
65/66B 8781,1831,1191,0611,1786171,1471,1121,0181,2671,1651,0681,3141,3352,2032,3093,8132,6901,1301,518
65 8781,1831,1191,0611,1786171,1471,1121,0181,2671,1651,0681,3141,3352,2032,3093,8132,6901,1301,518
9903 -40,65730,50921,115-14,93820,9191,9087,1028,508-821-2,3065,6816,5775,868603-5806,7756174,6265,0672,561
67/77 1058,9591,344116132160163163------------
9904 -40,76221,55019,771-15,05420,7871,7486,9398,345-821-2,3065,6816,5775,868603-5806,7756174,6265,0672,561
9905 -40,76221,55019,771-15,05420,7871,7486,9398,345-821-2,3065,6816,5775,868603-5806,7756174,6265,0672,561
Appropriation of the result
9906 -50,945-10,183-31,733-51,504-36,450-57,237-58,985-65,924-74,269-73,448-71,142-76,823-83,400-89,268-89,871-89,291-96,066-96,683-101,309-106,376
14P -10,183-31,733-51,504-36,450-57,237---------------
Social balance sheet
9087 0.81113.81.21.20.90.90.90.90.80.80.81.811.10.911.5
Hours worked1013 1,2831,8921,7191,0771,9611,3141,9321,6861,6741,6771,5461,5311,4711,5281,4891,3341,6601,5921,5552,328
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 30-07-2026 2026-00380867 PDF
31-12-2024 micro format 21-05-2025 2025-00108023 PDF
31-12-2023 micro format 04-07-2024 2024-00231519 PDF
31-12-2022 micro format 13-07-2023 2023-00256845 PDF
31-12-2021 micro format 01-08-2022 2022-20263293 PDF
31-12-2020 micro format 12-08-2021 2021-48600530 PDF
31-12-2019 micro format 04-08-2020 2020-39800570 PDF
31-12-2018 micro format 04-07-2019 2019-30900250 PDF
31-12-2017 micro format 12-07-2018 2018-34500470 PDF
31-12-2016 abbreviated format 18-07-2017 2017-34700591 PDF
31-12-2015 abbreviated format 18-07-2016 2016-34900341 PDF
31-12-2014 abbreviated format 30-07-2015 2015-39400421 PDF
31-12-2013 abbreviated format 19-08-2014 2014-45200547 PDF
31-12-2012 abbreviated format 23-07-2013 2013-36200251 PDF
31-12-2011 abbreviated format 23-07-2012 2012-34900531 PDF
31-12-2010 abbreviated format 28-06-2011 2011-25000515 PDF
31-12-2009 abbreviated format 19-07-2010 2010-32700585 PDF
31-12-2008 abbreviated format 22-07-2009 2009-47700115 PDF
31-12-2007 abbreviated format 02-07-2008 2008-36600272 PDF
31-12-2006 abbreviated format 25-09-2007 2007-74900351 PDF
31-12-2005 abbreviated format 14-08-2006 2006-63201518 PDF
31-12-2004 abbreviated format 30-09-2005 2005-80202527 PDF
31-12-2003 abbreviated format 05-11-2004 2004-78201323 PDF
31-12-2002 abbreviated format 11-05-2004 2004-14300714 PDF
31-12-2001 abbreviated format 08-11-2002 2002-71000589 PDF
31-12-2000 abbreviated format 31-12-2001 2001-79301102 PDF
31-12-1999 abbreviated format 13-06-2001 2001-20800079 PDF
31-12-1998 abbreviated format 13-06-2001 2001-20800095 PDF
31-12-1997 abbreviated format 13-06-2001 2001-20800111 PDF
31-12-1996 abbreviated format 15-04-1999 1999-07700837 PDF
31-12-1995 abbreviated format 15-04-1999 1999-07700853 PDF
31-12-1994 abbreviated format 28-06-1996 1996-24800026 PDF
31-12-1993 abbreviated format 28-06-1996 1996-24800041 PDF
31-12-1992 abbreviated format 28-06-1996 1996-24800056 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-25,84645,05033,441-2,81631,0776,14611,08712,1652,4401,7259,2379,3659,03110,51210,58718,44014,54117,53410,7077,529
-26,81934,91330,993-3,95529,7795,3909,79210,9081,4234688,2538,5777,9499,5658,68616,25610,87415,0589,7226,110
2,5929,59712,3932,15034,97611,0771,4501,5962,7212,01911,64403,190004,397036,0009,5381,073
-34,93835,26828,250-7,612-4,838-12,43414,3816,292-1,5946,933-4,9696,0523,4515,3611,5912,1163,1132,6066,290-
69,50598,91673,60054,99961,10466,30271,98963,64754,33555,63357,18460,57553,18047,23940,38536,31831,90028,08023,96723,783
85.8%85.9%88.1%87.1%92.9%89.4%84.1%89.6%88.2%85.9%93.3%89.3%86.9%86.8%75.7%68.4%56.6%53.0%74.8%81.1%
5.485.485.845.008.367.425.467.946.775.7611.818.487.606.643.723.692.922.932.783.92
5.485.465.804.968.287.355.417.686.545.6011.518.267.376.493.643.602.832.892.743.87
0.170.160.130.150.080.120.190.120.130.160.070.120.150.150.320.460.770.890.340.23
-43.6%16.0%17.5%-16.2%19.2%2.0%8.1%10.6%-1.2%-3.2%7.7%9.7%9.6%1.1%-1.1%13.0%1.4%10.4%12.7%7.3%
-37.4%13.8%15.4%-14.1%17.9%1.8%6.8%9.5%-1.0%-2.8%7.2%8.7%8.3%0.9%-0.8%8.9%0.8%5.5%9.5%5.9%
-29.4438.0829.88-2.6526.38---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date-2214
full-time-11--
part-time-1114
in full-time equivalents-1.41.40.41
0.80.90.60.51.2
On a permanent contract-1112
Joined1141582668
Left1151581697

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€2,592€9,597€12,393€2,150€34,976
€13,943€13,363€11,222€11,099€8,992

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MANDARIN

The operating result for 2025 is a loss of €39,789, after a profit of €31,687 in 2024. It is the lowest result since 2006.

Debt's share of the balance-sheet total rises from 14.1% to 14.2%. Equity and debt are lower.

Board & ownership

Board

1 director
Director
listed in the 2025 annual accounts, filed on 30-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director
Boardmandate already running before its first mention
Mandates as a list
    • Director, since before 31-12-2022

See the board, name and registered office on a given date →

Control

Capital

Contribution
€140,000
Source
2025 annual accounts

Network & group

No group

MANDARIN has no parent and no holdings in its annual accounts. is the only director. MANDARIN shares no director with another company.

Timeline

Timeline

42 events since 1992

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 1 day before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0446493671
2025
Weakest financial year net -€40,762 The net result drops to -€40,762, the lowest from 2006 to 2025.
Annual accounts 2024 filed PDFmicro format · 71 days before the deadline
2024
Highest result from 2006 to 2025 net €21,550 ▲9% The operating result of €31,687 and the net result of €21,550 are both a record.
Annual accounts 2023 filed PDFmicro format · 27 days before the deadline
2023
Back to profit net €19,771 The net result is €19,771, after one loss-making year.
Annual accounts 2022 filed PDFmicro format · 18 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 1 day late
2021
Equity above €100,000 equity €108,079 ▲23.8% After 4 profitable years in a row, equity reaches €108,079.
Annual accounts 2020 filed PDFmicro format · 12 days late
2020
Annual accounts 2019 filed PDFmicro format · 4 days late
2019
Annual accounts 2018 filed PDFmicro format · 27 days before the deadline
2018
Back to profit net €8,345 The net result is €8,345, after 2 loss-making years.
Annual accounts 2017 filed PDFmicro format · 19 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 13 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 13 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 1 day before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 19 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 8 days before the deadline
2012
Back to profit net €603 The net result is €603, after one loss-making year.
Annual accounts 2011 filed PDFabbreviated format · 8 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 33 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 12 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 9 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 29 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 56 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
Annual accounts 1997 filed PDFabbreviated format
Annual accounts 1998 filed PDFabbreviated format
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1995 filed PDFabbreviated format
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1992 filed PDFabbreviated format
Annual accounts 1993 filed PDFabbreviated format
Annual accounts 1994 filed PDFabbreviated format
1992
Incorporation published on 21-02-1992

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 24 January 1992, MANDARIN was incorporated.1 Total assets went from €87,772 in 2018 to €109,084 in 2025 and headcount from 0.9 to 0.8 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0446.493.671
VAT number
BE 0446.493.671
Peppol ID
0208:0446493671
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
24-01-1992
Financial year
ends on 31 December
Peppol
Reachable since 11-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MANDARIN in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
56111 Full-service restaurants main activity
Joint committees annual accounts 2024
JC 302 Hotels and catering
Codes under NACEBEL 2008
56101 Full-service restaurants main activity
Codes under NACEBEL 2003
55301 main activity

Registered office and establishments

Brusselbaan 155 registered office 1790 Affligem

Buildings and parcels at the address

Ground area
504 m²
Buildings
237 m²
Volume, LiDAR
1,580 m³
Tallest building
11.2 m
Buildings to scale, each on its own parcel
237 m², 11.2 m 237 m², 11.2 m

Location

exact location from the address register On OpenStreetMap

Parcels

Cadastral parcelArea Buildings Height / floors
23030A1067/00G000504 m² 1 · 237 m² 11.2 m · 2