MANDERLEY CONSTRUCT
ActiveSummary
MANDERLEY CONSTRUCT has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €145,726 and a net result of €2,937. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 75% of 9,639 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €145,726
- Profit
- €2,937
- Largest shareholder
- CAPRI INVEST · 50%
Why 57raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 29-08-2025)lowers riskLiquidity: current ratio 7.97, cash €211,296Sector: Real estate activities (NACE 68)Equity €145,726 (62.8% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 73% on solvency, 95% on liquidity, 36% on profitability and 92% on growth.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 29 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
- Capital & shares · Amendment of…Auditor report · Declaration ·…
- Equity above €100,000equity €145,726 ▲102%
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 28 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 35% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,904 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,559 | €460 | €499 | €1,027 | ▲ 106% |
| Gross operating margin9900 | €53,224 | €112,359 | €26,963 | €9,863 | -€8,968 | €1,221 | €1,492 | ▲ 22.2% |
| Operating profit (loss)9901 | €53,119 | €112,252 | €26,854 | €8,305 | -€9,427 | €721 | €465 | ▼ 35.5% |
| Financial income75/76B | - | - | - | €90 | €10,361 | - | €3,847 | - |
| Recurring financial income75 | - | - | - | €90 | €10,361 | - | €3,847 | - |
| Financial charges65/66B | - | - | - | €6,257 | €246 | €241 | €396 | ▲ 64.3% |
| Recurring financial charges65 | €486 | €201 | €216 | €6,257 | €246 | €241 | €396 | ▲ 64.3% |
| Profit (loss) for the period before taxes9903 | €52,633 | €112,051 | €26,638 | €2,137 | €688 | €480 | €3,916 | ▲ 716% |
| Income taxes67/77 | €1,590 | - | €437 | €570 | €184 | €128 | €979 | ▲ 664% |
| Profit (loss) for the period9904 | €51,042 | €112,051 | €26,201 | €1,567 | €504 | €352 | €2,937 | ▲ 734% |
| Profit (loss) for the period to be appropriated9905 | €51,042 | €112,051 | €26,201 | €1,567 | €504 | €352 | €2,937 | ▲ 734% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.9m | €0.5m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 38.0% |
| Fixed assets21/28 | €0.004m | €0.004m | €0.004m | - | - | - | - | - |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | - | - | - | - | - |
| Current assets29/58 | €2.9m | €0.5m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 38.0% |
| Stocks and contracts in progress3 | €2.3m | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.1m | €0.1m | €0.09m | €0.02m | €0.02m | ▲ 4.7% |
| Trade receivables40 | - | - | - | €0.05m | €0.03m | €0.02m | €0.02m | = |
| Other amounts receivable41 | - | - | - | €0.05m | €0.06m | €207 | €0.001m | ▲ 448% |
| Cash at bank and in hand54/58 | €0.5m | €0.3m | €0.1m | €0.1m | €0.09m | €0.1m | €0.2m | ▲ 42.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.9m | €0.5m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 38.0% |
| Equity10/15 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.1m | ▲ 102% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.1m | ▲ 100% |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.1m | ▲ 100% |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.1m | ▲ 100% |
| Reserves13 | €0.006m | €0.006m | €0.008m | €0.009m | €0.01m | €0.01m | €0.02m | ▲ 116% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.01m | ▲ 100% |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.01m | ▲ 100% |
| Distributable reserves133 | - | - | - | €0.003m | €0.004m | €0.004m | €0.009m | ▲ 141% |
| Amounts payable17/49 | €2.9m | €0.4m | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 10.2% |
| Amounts payable within one year42/48 | €2.5m | €0.2m | €0.07m | €0.06m | €0.04m | €0.03m | €0.03m | ▲ 3.9% |
| Trade debts44 | - | €0.01m | €0.003m | €0.02m | €0.007m | €0.001m | €0.002m | ▲ 98.5% |
| Suppliers440/4 | - | - | - | €0.02m | €0.007m | €0.001m | €0.002m | ▲ 98.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €184 | €128 | - | - |
| Taxes450/3 | - | - | - | €0.001m | €184 | €128 | - | - |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.03m | €0.03m | €0.03m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.08m | €0.07m | €0.07m | €0.06m | ▼ 16.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,042 | €112,051 | €26,201 | €1,567 | €504 | €352 | €2,937 | ▲ 734% |
| Operating cash flow (approximation) | €51,042 | €112,051 | €26,201 | €1,567 | €504 | €352 | €2,937 | ▲ 734% |
| Investment in fixed assets (approximation) | - | €200 | €0 | - | - | - | - | - |
| Change in cash | - | -€205,473 | -€123,657 | -€28,126 | -€25,790 | €56,113 | €62,934 | ▲ 12.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00442462 |
| 31-12-2023 | abbreviated format | 21-05-2024 | 2024-00093024 |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00233811 |
| 31-12-2021 | abbreviated format | 15-07-2022 | 2022-20195250 |
| 31-12-2020 | abbreviated format | 02-07-2021 | 2021-29700567 |
| 31-12-2019 | abbreviated format | 28-05-2020 | 2020-13400148 |
| 31-12-2018 | abbreviated format | 07-06-2019 | 2019-16900120 |
| 31-12-2017 | abbreviated format | 12-06-2018 | 2018-18100593 |
| 31-12-2016 | abbreviated format | 30-05-2017 | 2017-13800330 |
| 31-12-2015 | abbreviated format | 24-05-2016 | 2016-13100463 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
2 ownersOwners 2
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- OLSTE 500 shares
- CAPRI INVEST 500 shares
- OLSTE (BE 0455.061.840) 500 shares
- CAPRI INVEST (BE 0474.167.870) 500 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 24-02-2025 Capital increase of €62,000 · to €124,000
- 25-07-2024 Capital stated in the deed · €62,000 · 1,000 shares
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
24-02
Gazette deed
Capital & shares · Amendment of the articles · RestructuringAuditor report · Declaration · Merger35 facts ▸
- Auditor report, “beoordeling financiele boekhoudkundige gegevens speciaal verslag, verantwoording uitgifteprijs en gevolgen vermogens lidmaatschapsrechten” (deed in Dutch)
- Auditor report, 27-01-2025
- Declaration, “alle verslagen, ontslag integrale lezing verslagen” (deed in Dutch)
- Declaration, “afschrift verslagen ontvangen, aandeelhouders alle fusie vennootschappen” (deed in Dutch)
- Declaration, “griffie bevoegde ondernemingsrechtbank, neerlegging verslagen met uitgifte proces verbaal” (deed in Dutch)
- Merger, “notaris_op_verzoek_voorzitters_beide_AV, samenvattende omschrijving overgegane vermogen en wijze overgang” (deed in Dutch)
- Dissolution, “ontbinding zonder vereffening”, merger (deed in Dutch)
- Capital increase, €62,000
- Share issue, “inbreng volledig actief en passief”, 1000 (deed in Dutch)
- Shareholding, “volle eigendom als vergoeding fusie, A” (deed in Dutch)
- Shareholding, “volle eigendom als vergoeding fusie, B” (deed in Dutch)
- Other provision, “opleg” (deed in Dutch)
- +23 further facts in this act
25-07
Gazette deed
Restructuring · MiscellaneousPermanent representatives: DE GROOTE Alexis and Elisabeth VAN DAMME · Merger · Registered office clause18 facts ▸
- Merger, “fusie door overneming, gehele vermogen,zowel rechten als verplichtingen” (deed in Dutch)
- Other provision, “overnemende vennootschap, termdefinitie” (deed in Dutch)
- Registered office clause, “8300 Knokke-Heist,Natiënlaan 265 bus 21” (deed in Dutch) (2 times)
- Capital, €62,000 (2 times)
- Shareholding, 500 (4 times)
- Other provision, “inschrijving rechtspersonenregister, Gent,afdeling Brugge” (deed in Dutch) (2 times)
- Board composition, OLSTE (representative) (2 times)
- Board composition, CAPRI INVEST (representative) (2 times)
- Director in office, P.G.V.C. (managing director)
- Permanent representative, DE GROOTE Alexis
- Director in office, Elisabeth VAN DAMME (managing director)
- Other provision, “over te nemen vennootschap, termdefinitie” (deed in Dutch)
- +6 further facts in this act
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0553.708.068
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31039E0089/00K002 | Flanders | 912 m² | 1 · 347 m² | 10.2 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het kopen en verkopen, het huren en verhuren, het bouwen of verbouwen, het verkavelen of herverkavelen, het ontwikkelen van projecten…” (deed in Dutch)
8 activities (deed in Dutch)
- Het kopen en verkopen, het huren en verhuren, het bouwen of verbouwen, het verkavelen of herverkavelen, het ontwikkelen van projecten, alsmede het beheren van onroerende goederen;
- Alle contracten afsluiten in verband met onroerende goederen;
- Het verlenen van alle adviezen in verband met onroerende goederen;
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruimte zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen;
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het viak van administratie en financiën, verkoop, productie, management en algemeen bestuur;
- Het waarnemen van alle bestuursopdrachten, management opdrachten, het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks met haar voorwerp verband houden.
- Alle burgerlijke, industriële, commerciële, financiële, roerende en onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp, die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden, en die daartoe noodzakelijk, nuttig of zelfs aileen maar bevorderend zijn.
- Belangen nemen, hetzij door deelneming, inbreng, tijdelijke vereniging of elke andere wijze in alle vennootschappen, ondernemingen, economische samenwerkingsverbanden, beroepsverenigingen of groeperingen, bestaande of op te richten, zo in België als in het buitenland, die een gelijkluidend, aanvullend of soortgelijk voorwerp nastreven, of die van aard zijn de ontwikkeling van haar onderneming te bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MANDERLEY CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Even aantal, te allen tijde zonder opgave van redenen met onmiddellijke ingang” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Alle aandelen op naam met volgnummer, twee soorten,soort A-aandelen en soort B-aandelen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht onder levenden ten bezwarende titel steeds onderworpen aan voorkooprecht van bestaande aandeelhouders, in principe prijs van…” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 October to 30 September
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of February at 14:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming vereffenaars, één of meer” (deed in Dutch)“Bevoegdheden vereffenaars, algemene vergadering kan anders besluiten bij gewone meerderheid van stemmen” (deed in Dutch)