MANDELBROT
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 04-04-2025, 210 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
210 d early
2024
118 d early
2023
28 d early
2022
4 d early
2021
31 d late
2020
16 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 50 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?De Eik · 10 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
-€14,038
EBIT margin
73.9%
Net result
-€28,387▲ 95.3%
2023 · -€600,505
Working capital
-€455,999=
2024 · -€455,999
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover-€14,038
Operating result€34,145-€71,421-€10,379▲ 85.5%-€6,430▲ 38.0%
Net result€13,917-€4.6m-€600,505▲ 87.0%-€28,387▲ 95.3%
EBIT margin73.9%
Equity€5.0m▲ 0.3%€422,894▼ 91.6%-€177,612-€205,999▼ 16.0%-€205,999=
Total assets€5.8m▼ 1.5%€1.1m▼ 80.1%€253,081▼ 77.8%€250,479▼ 1.0%€251,266▲ 0.3%
Debt€713,990▼ 12.5%€719,224▲ 0.7%€430,693▼ 40.1%€456,478▲ 6.0%€457,265▲ 0.2%
Working capital-€615,663▲ 3.0%-€703,001▼ 14.2%-€427,612▲ 39.2%-€455,999▼ 6.6%-€455,999=
Staff (FTE)0
Why a figure moved sharply
- 2023 Net result +87% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,430 in 2024 against €10,379 in 2023; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €251,266
Fixed assets
€250,000 =
Current assets
€1,266 ▲ 165%
Key figures and ratios
Solvency
-82.0%▲
2024 · -82.2%
Current ratio
0.00▲
2024 · 0.00
Debt to equity
-2.22▼
2024 · -2.22
Debt ≤ 1 year
€457,265▲
2024 · €456,478
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | -€14,038 | - | - | - |
| Turnover70 | - | - | -€14,038 | - | - | - |
| Operating charges60/66A | - | - | -€3,658 | €6,430 | - | - |
| Services and other goods61 | - | - | €8,473 | €5,124 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €14,038 | -€14,038 | - | - | - |
| Other operating charges640/8 | €1,174 | €1,166 | €1,906 | €1,306 | - | - |
| Gross operating margin9900 | €35,320 | -€56,217 | - | - | - | - |
| Operating profit (loss)9901 | €34,145 | -€71,421 | -€10,379 | -€6,430 | - | - |
| Financial income75/76B | - | - | €524,342 | - | - | - |
| Recurring financial income75 | - | - | €524,342 | - | - | - |
| Non-recurring financial income76B | - | - | €524,342 | - | - | - |
| Financial charges65/66B | €20,229 | €4.5m | €1.1m | €21,957 | - | - |
| Recurring financial charges65 | €20,229 | €17,684 | €35,130 | €21,957 | - | - |
| Debt charges650 | - | - | €35,119 | €21,957 | - | - |
| Other financial charges652/9 | - | - | €11 | - | - | - |
| Non-recurring financial charges66B | - | €4.5m | €1.1m | - | - | - |
| Profit (loss) for the period before taxes9903 | €13,917 | -€4.6m | -€600,505 | -€28,387 | - | - |
| Profit (loss) for the period9904 | €13,917 | -€4.6m | -€600,505 | -€28,387 | - | - |
| Profit (loss) for the period to be appropriated9905 | €13,917 | -€4.6m | -€600,505 | -€28,387 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.8m | €1.1m | €253,081 | €250,479 | €251,266 | ▲ 0.3% |
| Fixed assets21/28 | €5.7m | €1.1m | €250,000 | €250,000 | €250,000 | = |
| Financial fixed assets28 | €5.7m | €1.1m | €250,000 | €250,000 | €250,000 | = |
| Affiliated companies280/1 | - | - | €250,000 | €250,000 | €250,000 | = |
| Participating interests280 | - | - | €250,000 | €250,000 | €250,000 | = |
| Current assets29/58 | €96,987 | €13,117 | €3,081 | €479 | €1,266 | ▲ 165% |
| Amounts receivable within one year40/41 | €87,449 | €4,462 | €346 | €87 | €939 | ▲ 974% |
| Trade receivables40 | €71,324 | €2,948 | - | - | - | - |
| Other amounts receivable41 | €16,125 | €1,514 | €346 | €87 | €939 | ▲ 974% |
| Cash at bank and in hand54/58 | €8,869 | €6,052 | €2,735 | €391 | €327 | ▼ 16.3% |
| Deferred charges and accrued income490/1 | €669 | €2,603 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.8m | €1.1m | €253,081 | €250,479 | €251,266 | ▲ 0.3% |
| Equity10/15 | €5.0m | €422,894 | -€177,612 | -€205,999 | -€205,999 | = |
| Contributions10/11 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Capital10 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Issued capital100 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Reserves13 | €374,109 | €4,109 | €4,109 | €4,109 | €4,109 | = |
| Non-distributable reserves130/1 | €4,109 | €4,109 | €4,109 | €4,109 | €4,109 | = |
| Legal reserve130 | €4,109 | €4,109 | €4,109 | €4,109 | €4,109 | = |
| Distributable reserves133 | €370,000 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €18,617 | -€4.2m | -€4.8m | -€4.9m | -€4.9m | = |
| Amounts payable17/49 | €713,990 | €719,224 | €430,693 | €456,478 | €457,265 | ▲ 0.2% |
| Amounts payable within one year42/48 | €712,650 | €716,118 | €430,693 | €456,478 | €457,265 | ▲ 0.2% |
| Trade debts44 | €100,171 | €4,690 | €4,226 | €4,817 | - | - |
| Suppliers440/4 | €100,171 | €4,690 | €4,226 | €4,817 | - | - |
| Taxes, remuneration and social security45 | - | €710 | €730 | - | - | - |
| Taxes450/3 | - | €710 | €730 | - | - | - |
| Other amounts payable47/48 | €612,479 | €710,718 | €425,737 | €451,661 | €457,265 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | €1,340 | €3,106 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,917 | -€4.6m | -€600,505 | -€28,387 | - | - |
| Operating cash flow (approximation) | €13,917 | -€4.6m | -€600,505 | -€28,387 | - | - |
| Investment in fixed assets (approximation) | - | €4.5m | €879,001 | €0 | €0 | - |
| Change in cash | - | -€2,818 | -€3,316 | -€2,344 | -€64 | ▲ 97.3% |
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
04-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€4.6m
Net result drops to -€4.6m, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €13,917
Net result €13,917 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Part of the group
De Eik
10 companies
Group, risk and exposure
Owners and holdings
3 owners · 1 holdingChain of control
- De Eik
- Indufin Investment Fund
- Springbok Group
- Springbok
- MANDELBROT
Highest known parent: De Eik. The sources do not say who stands above it.
Owners 3
- SpringbokparentSourceaccounts Springbok 2024100%
- Sourceaccounts PZAZZ 202514.77%
-
14.77%
Holdings 1
-
100%
According to the annual accounts to 31-03-2025 of MANDELBROT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.