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MANDERA

Active
Private limited companyfounded 200421 yrs activeKeyertstraat 34, 3650 Dilsen-Stokkem, BelgiumKBO/BCE: BE 0870.050.606
Summary

MANDERA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €851,577 and a net result of €266,955. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 170 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
MANDERAActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110NACE 68100
#8 company by total assets in Dilsen-Stokkem, Real estate sector1 site
Size
€5.2mtotal assets 2026
Equity
€851,577
Profit
€266,955
Turnover not published (abridged schema)
Financial health
94 Excellent Checked score 2026
Bankruptcy chance 12 m
0.1%
Structure
Holdings
1
Accounts 142 d early0 of 8 deeds read
Why 94- Liquidity: current ratio 0.95, cash €21,285- Equity €851,577 (16.5% of total assets)+ Size: total assets €5.2m+ Figures for FY 2026 (filed 11-09-2026)Show the evidence

Checked score

Score 2026
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 54% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Average
Solvency 42+7
equity 16.5% of total assets
Liquidity 39+4
short-term debt 28.4% · cash 0.4%
Profitability 59+31
return on assets 5.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,963 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%▲ +2.1% vs 11-2024 01-2025: 0.4%▲ +7.8% vs 12-2024 02-2025: 0.4%▲ +1.6% vs 01-2025 03-2025: 0.4%▲ +5.8% vs 02-2025 04-2025: 0.5%▲ +32.6% vs 03-2025 05-2025: 0.9%▲ +64.5% vs 04-2025 06-2025: 1.2%▲ +33.1% vs 05-2025 07-2025: 1.8%▲ +55.5% vs 06-2025 08-2025: 2.0%▲ +9.4% vs 07-2025 09-2025: 2.3%▲ +15.8% vs 08-2025 10-2025: 3.4%▲ +48.8% vs 09-2025 11-2025: 3.4%● 0.0% vs 10-2025 12-2025: 3.4%▲ +1.4% vs 11-2025highest value 01-2026: 3.1%▼ -10.3% vs 12-2025 02-2026: 0.5%▼ -85.1% vs 01-2026 03-2026: 0.5%● 0.0% vs 02-2026 04-2026: 0.5%● 0.0% vs 03-2026 05-2026: 0.5%● 0.0% vs 04-2026 06-2026: 0.5%● 0.0% vs 05-2026 07-2026: 0.5%● 0.0% vs 06-2026 08-2026: 0.5%▲ +2.0% vs 07-2026 09-2026: 0.5%▲ +1.7% vs 08-2026 10-2026: 0.1%▼ -81.7% vs 09-2026lowest value
  • Size: total assets €5.2m lowers the probability for this profile
  • Liquidity: current ratio 0.95, cash €21,285 raises the probability
  • Figures for FY 2026 (filed 11-09-2026) lowers the probability
  • Equity €851,577 (16.5% of total assets) raises the probability
Credit up to €80,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.71 in 2025; short-term debt: 28.4% and cash: 0.4% of total assets), and 83.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 36%, liquidity 33%, profitability 58%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €5.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.95, cash €21,285
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2026 (filed 11-09-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Equity €851,577 (16.5% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 11-09-2026, 142 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
142 d early
2025
3 d early
2023
1 d early
2022
5 d early
2021
2 d early
2020
28 d early
2019
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2023 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven months
Position in the running window
05-10-2026 today30-06-2027 close31-01-2028 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · abbreviated…
  2. Back to profitnet €266,955
  3. Annual accounts filedfiscal year 2025 · abbreviated…

Key points

  • Positive: Back in profit in 2026after -€251,522 in 2025 €266,955 View
  • Positive: Among the best 9% on net resultsector median €9,254 · 169 companies €266,955 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

By topic

Financials

Fiscal year
2026
Total assets
€5.2m
Profit
€266,955
Solvency
16.5%
Turnover▲ 366%
Net result
20202022
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-01-2028
  1. 11-09-2026Annual accounts filed
  2. 30-06-2026Back to profit
  3. 28-01-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
18-11-2004
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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