Mandel Car Toerisme
ActiveSummary
Mandel Car Toerisme has been active since 1961 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.0m and a net result of €788,949, of which €441,305 non-recurring income. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 39% of 1,081 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 01-07-1961 Normal situation
- Activity
- Non-scheduled passenger transport by road NACE 49320and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.006.275.249 8870 Izegem, since 01-10-1961
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- Chelo InvestDaily manager · permanent representative Olivier Naert
- Auditor
- Auditas Bedrijfsrevisoren
- DEVACON100%30-09-2026 annual accounts of DEVACON
- MANDEL MANAGEMENT97.6%30-12-2023 annual accounts of MANDEL MANAGEMENT
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Turnover
- €7.8m
- Profit
- €788,949
- ▼ 6.4%
- Equity
- €4.0m
- ▲ 34.1%
- Total assets
- €13.5m
- ▲ 110%
- Employees on 31-12-2025
- 53
- ▲ 8.2%
Score breakdownraises riskSector: Land transport and transport via pipelines (NACE 49)Liquidity: current ratio 0.84, cash €899,960lowers riskFounded in 1961Profit of €788,949 (financial year 2025)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, medium-sized). It does better than 48% of them on solvency, 81% on liquidity, 85% on profitability and 85% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: 3rd largest company by total assets in Izegem, Transport and storage sectorin the Checked rankings No. 3 View
- Merger with CLICKING TGmerger on 23-03-2026 2026 View
- Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
- Positive: Equity rose in 2025from €3.0m to €4.0m ▲ 34.1% View
- Flemish supportawarded from 2022 to 2025 €423,503 View
- A director leftlatest change 23-03-2026 · 0 in office 1 left View
- Positive: 5 profitable years in a rowprofit 2025: €788,949, mostly one-off 5 years View
Recent changes
- · Gazette deed Merger: MANDEL CAR TOERISME takes over CLICKING TGResignation: DEVACON (sole director)
- · Gazette deed Appointment: CHELO INVEST COMMV (day-to-day manager)Permanent representative: Olivier Naert
- · Gazette deed Appointment: BV AUDITAS BEDRIJFSREVISOREN (statutory auditor)Permanent representatives: Sven VANSTEELANT and Marc D'Eigens
Comparable companies
These companies have the same main activity as Mandel Car Toerisme: non-scheduled passenger transport by road (NACE 49320). They are comparable in size and age: total assets between €7.8m and €14m, founded between 1953 and 1976.
| Company | Total assets | Turnover |
|---|---|---|
| Mandel Car Toerisme Izegem | €13.5m | €7.8m |
| SELECTA CARS DE SWAEF Gent | €11.1m | €7.9m |
| Autobussen P. Van Mullem Tienen | €12.5m | €12.3m |
| Autobusbedrijf Gustaaf Mebis en co Hasselt | €13.5m | €11.5m |
| Sylvae Tours Herzele | €13.0m | €9.4m |
| Autobusuitbating Egmont Zottegem | €10.4m | €5.3m |
| HEYERICK Zulte | €7.8m | €8.8m |
Key facts about Mandel Car Toerisme
- What is the company number of Mandel Car Toerisme?
- The company number of Mandel Car Toerisme is 0405.580.259. The VAT number is the same number with BE in front: BE 0405.580.259.
- Where is Mandel Car Toerisme based?
- The registered office is at Prins Albertlaan 78, 8870 Izegem.Company details
- What does Mandel Car Toerisme do?
- According to the KBO register, the main activity is non-scheduled passenger transport by road (NACE 49320).
- What is the legal form of Mandel Car Toerisme?
- The legal form of Mandel Car Toerisme is Public limited company (NV).
- When was Mandel Car Toerisme founded?
- Mandel Car Toerisme was founded on 01-07-1961.
- Is Mandel Car Toerisme still active?
- Yes, Mandel Car Toerisme is an active enterprise in the KBO register.
- How many employees does Mandel Car Toerisme have?
- Mandel Car Toerisme had an average of 57.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Mandel Car Toerisme fall under?
- In its 2025 annual accounts, Mandel Car Toerisme states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of Mandel Car Toerisme?
- The turnover of Mandel Car Toerisme was €7.8m in financial year 2025, according to the filed annual accounts.
- Is Mandel Car Toerisme profitable?
- In financial year 2025, Mandel Car Toerisme made a profit of €788,949.
- Where can I find the annual accounts of Mandel Car Toerisme?
- Mandel Car Toerisme filed 50 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Mandel Car Toerisme due?
- Mandel Car Toerisme must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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