Summary
MANDATUS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €23,024 and a net result of €8,743. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 12% of 9872 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9872 sector peers (2024).
NBB · sector comparisonPosition among 9872 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
8 d early
2022
89 d early
2021
22 d late
2020
39 d early
2019
122 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 oldest company in Blankenberge, Finance and insurance sector
Equity
€23,024▲ 61.2%
2023 · €14,281
Net result
€8,743▼ 34.2%
2023 · €13,281
Total assets
€320,838▲ 2.7%
2023 · €312,494
Solvency
7.2%▲ 2.6pp
2023 · 4.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€26,025€40,355▲ 55.1%€30,233▼ 25.1%€19,329▼ 36.1%€13,770▼ 28.8%
Net result€25,999within the sector's middle half€41,812within the sector's middle half▲ 60.8%€31,243within the sector's middle half▼ 25.3%€13,281within the sector's middle half▼ 57.5%€8,743within the sector's middle half▼ 34.2%
Equity€31,843below the sector's middle half€73,655within the sector's middle half▲ 131%€101,000within the sector's middle half▲ 37.1%€14,281below the sector's middle half▼ 85.9%€23,024below the sector's middle half▲ 61.2%
Total assets€35,651below the sector's middle half€82,598below the sector's middle half▲ 132%€422,481within the sector's middle half▲ 411%€312,494within the sector's middle half▼ 26.0%€320,838within the sector's middle half▲ 2.7%
Debt€3,808▼ 95.0%€8,943▲ 135%€321,481▲ 3,495%€298,213▼ 7.2%€297,814▼ 0.1%
Working capital€33,093within the sector's middle half€74,905within the sector's middle half▲ 126%€102,250within the sector's middle half▲ 36.5%€15,531within the sector's middle half▼ 84.8%€24,274within the sector's middle half▲ 56.3%
Solvency89.3%above the sector's middle half89.2%above the sector's middle half▼ 0.1pp23.9%within the sector's middle half▼ 65.3pp4.6%below the sector's middle half▼ 19.3pp7.2%below the sector's middle half▲ 2.6pp
Current ratio13.94above the sector's middle half10.74above the sector's middle half▼ 3.201.32within the sector's middle half▼ 9.421.05within the sector's middle half▼ 0.271.08within the sector's middle half▲ 0.03
Return on assets (ROA)72.9%above the sector's middle half50.6%above the sector's middle half▼ 22.3pp7.4%within the sector's middle half▼ 43.2pp4.2%within the sector's middle half▼ 3.1pp2.7%within the sector's middle half▼ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 29% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €320,838
Equity
€23,024 ▲ 61.2%
Debt
€297,814 ▼ 0.1%
Debt's share of the balance-sheet total falls from 95.4% to 92.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
38.0%▼
2023 · 93.0%
Debt ≤ 1 year
€296,564▼
2023 · €296,963
Income taxes
€4,989▼
2023 · €7,324
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €459 | €480 | €499 | €513 | ▲ 2.8% |
| Gross operating margin9900 | €26,481 | €40,813 | €30,713 | €19,828 | €14,284 | ▼ 28.0% |
| Operating profit (loss)9901 | €26,025 | €40,355 | €30,233 | €19,329 | €13,770 | ▼ 28.8% |
| Financial income75/76B | - | €1,501 | €2,750 | €1,315 | - | - |
| Recurring financial income75 | - | €1,501 | €2,750 | €1,315 | - | - |
| Financial charges65/66B | - | €45 | €514 | €39 | €39 | ▲ 0.1% |
| Recurring financial charges65 | €26 | €45 | €514 | €39 | €39 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €25,999 | €41,812 | €32,469 | €20,605 | €13,731 | ▼ 33.4% |
| Income taxes67/77 | - | - | €1,225 | €7,324 | €4,989 | ▼ 31.9% |
| Profit (loss) for the period9904 | €25,999 | €41,812 | €31,243 | €13,281 | €8,743 | ▼ 34.2% |
| Profit (loss) for the period to be appropriated9905 | €25,999 | €41,812 | €31,243 | €13,281 | €8,743 | ▼ 34.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,651 | €82,598 | €422,481 | €312,494 | €320,838 | ▲ 2.7% |
| Current assets29/58 | €35,651 | €82,598 | €422,481 | €312,494 | €320,838 | ▲ 2.7% |
| Amounts receivable after more than one year29 | - | €25,000 | - | - | - | - |
| Other amounts receivable291 | - | €25,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €10,285 | €16,000 | €106,653 | - | - | - |
| Trade receivables40 | - | €16,000 | €6,653 | - | - | - |
| Other amounts receivable41 | - | - | €100,000 | - | - | - |
| Current investments50/53 | - | - | €300,000 | €300,000 | €300,000 | = |
| Cash at bank and in hand54/58 | €25,366 | €41,598 | €15,828 | €12,494 | €20,838 | ▲ 66.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,651 | €82,598 | €422,481 | €312,494 | €320,838 | ▲ 2.7% |
| Equity10/15 | €31,843 | €73,655 | €101,000 | €14,281 | €23,024 | ▲ 61.2% |
| Contributions10/11 | - | €100,000 | €100,000 | - | - | - |
| Reserves13 | - | - | €1,000 | €14,281 | €23,024 | ▲ 61.2% |
| Distributable reserves133 | - | - | €1,000 | €14,281 | €23,024 | ▲ 61.2% |
| Profit (loss) carried forward14 | -€68,157 | -€26,345 | - | - | - | - |
| Amounts payable17/49 | €3,808 | €8,943 | €321,481 | €298,213 | €297,814 | ▼ 0.1% |
| Amounts payable within one year42/48 | €2,558 | €7,693 | €320,231 | €296,963 | €296,564 | ▼ 0.1% |
| Trade debts44 | €545 | €111 | €8,580 | €743 | €3,104 | ▲ 318% |
| Suppliers440/4 | - | €111 | €8,580 | €743 | €3,104 | ▲ 318% |
| Taxes, remuneration and social security45 | - | €7,582 | €7,753 | €11,220 | €8,459 | ▼ 24.6% |
| Taxes450/3 | - | €7,582 | €7,753 | €11,220 | €8,459 | ▼ 24.6% |
| Other amounts payable47/48 | - | - | €303,898 | €285,000 | €285,000 | = |
| Accrued charges and deferred income492/3 | - | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,999 | €41,812 | €31,243 | €13,281 | €8,743 | ▼ 34.2% |
| Operating cash flow (approximation) | €25,999 | €41,812 | €31,243 | €13,281 | €8,743 | ▼ 34.2% |
| Change in cash | - | €16,231 | -€25,770 | -€3,333 | €8,343 | ▲ 350% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €101,000 ▲37.1%
3 profitable years in a row build equity to €101,000.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €41,812 ▲60.8%
Net result €41,812, the highest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
15-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 107 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Blankenberge · 1 establishment unit since 2004
Ground area
5,397 m²
Building footprint
1,409 m²
Volume, LiDAR
11,796 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FUN FOR ALL, ALL FOR FUN
since 20042.137.866.736
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0324/00E002 | Flanders | 4,736 m² | 1 · 1,212 m² | 11.5 m · 3 fl. |
| 31602B0190/00T000 | Flanders | 662 m² | 1 · 197 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 7,910 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-05-2004
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865301168
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.