Manderlier consulting
ActiveManderlier consulting has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €213k and a net result of €13k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 95% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
86
/ 100
Excellent▲ +6 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability30▼-40
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 21.71 against 15.21 in 2023), and 4.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
30 d late
2022
28 d late
2021
39 d early
2020
30 d late
2019
93 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13k▼ 56.2%
2023 · €29k
2018: €7k
2019: €30k
2020: €20k
2021: €28k
2022: €7k
2023: €29k
2018 → 2024
Working capital
€189k▲ 3.4%
2023 · €183k
2018: €152k
2019: €181k
2020: €207k
2021: €239k
2022: €189k
2023: €183k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€239k-€267k▲ 11.5%€216k▼ 19.1%€207k▼ 4.0%€213k▲ 2.8%
Operating result€28k-€39k▲ 38.1%€12k▼ 69.3%€31k▲ 157%€17k▼ 46.0%
Net result€20k-€28k▲ 38.7%€7k▼ 75.5%€29k▲ 331%€13k▼ 56.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €222k
Fixed assets
€24k▼ 1.7%
Current assets
€198k▲ 1.3%
Equity and liabilities €222k
Equity
€213k▲ 2.8%
Debt
€9k▼ 29.0%
The debt ratio falls from 5.8% to 4.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€22k▼
2023 · €35k
Cash flow
€18k▼
2023 · €33k
Solvency
95.9%▲
2023 · 94.2%
Current ratio
21.71▲
2023 · 15.21
Quick ratio
21.71▲
2023 · 15.21
Debt / equity
0.04▼
2023 · 0.06
ROE
6.0%▼
2023 · 14.0%
ROA
5.7%▼
2023 · 13.2%
Interest coverage
54.35▲
2023 · -16.75
Debt
€9k▼
2023 · €13k
Debt ≤ 1 year
€9k▼
2023 · €13k
Income taxes
€6k▼
2023 · €14k
Staff costs
€405
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€220k€222k▲
Fixed assets21/28€24k€24k▼
Tangible fixed assets22/27€24k€24k▼
Land and buildings22€15k€15k=
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€836€470▼
Current assets29/58€196k€198k▲
Amounts receivable after more than one year29€15k€5k▼
Other amounts receivable291€15k€5k▼
Amounts receivable within one year40/41€20k€17k▼
Trade receivables40€3k€3k▲
Other amounts receivable41€17k€14k▼
Current investments50/53€115k€115k▲
Cash at bank and in hand54/58€44k€60k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€220k€222k▲
Equity10/15€207k€213k▲
Contributions10/11€74k€74k=
Reserves13€133k€139k▲
Distributable reserves133€133k€139k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€13k€9k▼
Amounts payable within one year42/48€13k€9k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€3k€3k=
Taxes450/3€3k€3k=
Other amounts payable47/48€5k€4k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€405
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€39k€27k▼
Operating profit (loss)9901€31k€17k▼
Financial income75/76B€10k€2k▼
Recurring financial income75€10k€2k▼
Financial charges65/66B€-2k€410▲
Recurring financial charges65€-2k€410▲
Profit (loss) for the period before taxes9903€43k€19k▼
Income taxes67/77€14k€6k▼
Profit (loss) for the period9904€29k€13k▼
Profit (loss) for the period to be appropriated9905€29k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€13k▼
Transfer from equity791/2€38k€7k▼
Transfer to equity691/2€29k€13k▼
To other reserves6921€29k€13k▼
Profit to be distributed694/7€38k€7k▼
Return on contributions (dividend)694€38k€7k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €7k ▼75.5%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 32.74
Current ratio from 16.34 to 32.74; short-term debt falls from €12k to €7k.
01-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 93 days late
2019
31-12
Financial
Highest result since 2018net €30k ▲329%
Net result €30k, the highest in the series.
31-12
Financial
Equity above €200kEq €219k ▲15.7%
2 profitable years in a row build equity to €219k.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-12-2025
Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1979
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.
Defacqzstraat 401050 ElseneGround area
177 m²
Building footprint
130 m²
Volume, LiDAR
1,974 m³
Parcel 21447A0324/00C005, Brussels · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Defacqzstraat 40, 1050 Elsene
since 19792.016.133.221
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447A0324/00C005 | Brussels | 177 m² | 1 · 130 m² | 20.6 m · 6 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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
87550084CM8VGAZL0628
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Of 9,807 companies in sector 73110 we hold annual accounts for 3,724. 2,755 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-1979
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
46499Wholesale of other household goods
51478
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.