MANDELLEX
ActiveMANDELLEX has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273k and a net result of €142k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 12690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▼-4
Solvency56▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.57 in 2024; short-term debt: 22% and cash: 17.5% of total assets), but 69.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.8%
Return on assets
16%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
42 d early
2023
43 d early
2022
43 d early
2021
45 d early
2020
44 d early
2019
42 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€273k▲ 55.2%
2024 · €176k
2019: €58k
2020: €71k
2021: €110k
2022: €131k
2023: €128k
2024: €176k
2019 → 2025
Total assets
€888k▲ 18.0%
2024 · €752k
2019: €119k
2020: €112k
2021: €138k
2022: €201k
2023: €644k
2024: €752k
2019 → 2025
Net result
€142k▼ 3.7%
2024 · €148k
2019: €17k
2020: €37k
2021: €64k
2022: €81k
2023: €37k
2024: €148k
2019 → 2025
Working capital
€180k▲ 129%
2024 · €79k
2019: €47k
2020: €71k
2021: €107k
2022: €129k
2023: €25k
2024: €79k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€110k-€131k▲ 19.2%€128k▼ 2.0%€176k▲ 37.1%€273k▲ 55.2%
Operating result€80k-€103k▲ 28.8%€54k▼ 47.8%€214k▲ 298%€205k▼ 4.1%
Net result€64k-€81k▲ 27.7%€37k▼ 53.9%€148k▲ 295%€142k▼ 3.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €888k
Fixed assets
€513k▼ 4.0%
Current assets
€375k▲ 72.2%
Equity and liabilities €888k
Equity
€273k▲ 55.2%
Debt
€615k▲ 6.7%
The debt ratio falls from 76.6% to 69.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€242k▼
2024 · €249k
Cash flow
€179k▼
2024 · €182k
Solvency
30.8%▲
2024 · 23.4%
Current ratio
1.92▲
2024 · 1.57
Quick ratio
1.92▲
2024 · 1.57
Debt / equity
2.25▼
2024 · 3.27
ROE
52.0%▼
2024 · 83.9%
ROA
16.0%▼
2024 · 19.6%
Interest coverage
12.32▲
2024 · 11.57
Debt
€615k▲
2024 · €576k
Debt ≤ 1 year
€195k▲
2024 · €139k
Debt > 1 year
€419k▼
2024 · €437k
Income taxes
€44k▼
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€752k€888k▲
Fixed assets21/28€534k€513k▼
Intangible fixed assets21-€0
Tangible fixed assets22/27€534k€513k▼
Land and buildings22€525k€503k▼
Furniture and vehicles24€9k€10k▲
Current assets29/58€218k€375k▲
Amounts receivable within one year40/41€92k€219k▲
Trade receivables40€1k€174k▲
Other amounts receivable41€91k€45k▼
Cash at bank and in hand54/58€126k€156k▲
Equity and liabilities
Total equity and liabilities10/49€752k€888k▲
Equity10/15€176k€273k▲
Contributions10/11€20k€20k=
Outside capital11€20k-
Other1109/19€20k-
Reserves13€155k€252k▲
Distributable reserves133€155k€252k▲
Profit (loss) carried forward14€552€656▲
Amounts payable17/49€576k€615k▲
Amounts payable after more than one year17€437k€419k▼
Financial debts170/4€437k€419k▼
Amounts payable within one year42/48€139k€195k▲
Current portion of amounts payable after more than one year42€17k€117k▲
Trade debts44€4k€15k▲
Suppliers440/4€4k€15k▲
Taxes, remuneration and social security45€33k€25k▼
Taxes450/3€33k€25k▼
Other amounts payable47/48€85k€38k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€37k▲
Other operating charges640/8€484€4k▲
Gross operating margin9900€249k€246k▼
Operating profit (loss)9901€214k€205k▼
Financial income75/76B€24-
Recurring financial income75€24-
Financial charges65/66B€21k€20k▼
Recurring financial charges65€21k€20k▼
Profit (loss) for the period before taxes9903€193k€186k▼
Income taxes67/77€45k€44k▼
Profit (loss) for the period9904€148k€142k▼
Profit (loss) for the period to be appropriated9905€148k€142k▼
Appropriation of the result
Profit (loss) to be appropriated9906€151k€143k▼
Profit (loss) brought forward from the previous period14P€3k€552▼
Transfer to equity691/2€50k€97k▲
To other reserves6921€50k€97k▲
Profit to be distributed694/7€100k€45k▼
Return on contributions (dividend)694€100k€45k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Equity above €200kEq €273k ▲55.2%
7 profitable years in a row build equity to €273k.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €148k ▲295%
Operating result €214k, net result €148k, both a record.
30-06
Financial
Equity above €150kEq €176k ▲37.1%
6 profitable years in a row build equity to €176k.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €100kEq €110k ▲54%
3 profitable years in a row build equity to €110k.
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Schaarbeek · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Auguste Reyerslaan 411030 SchaarbeekGround area
2,317 m²
Building footprint
334 m²
Volume, LiDAR
9,319 m³
Parcel 21905C0095/00G008, Brussels · tallest building 32.7 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Mandellex
since 20152.239.098.807
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0095/00G008 | Brussels | 2,317 m² | 1 · 334 m² | 32.7 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ADVOCATENKANTOOR ROEL ANCIAUX
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Of 22,055 companies in sector 69101 we hold annual accounts for 9,053. 6,879 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2015
Fiscal year end30-06
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.