Active BE 0450.438.207Private limited company (pre-2019)Open bankruptcy

MANDERS

Wiekenweg 23 ·2387 Baarle-Hertog, Belgium· 33 yrs active

Conclusion Checked

A bankruptcy procedure is open for MANDERS according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-222k) and a net result of €-9k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-222k
Net result	€-9k
Active	33 yrs
Locations	1

Snowflake analysis 5 of 5 axes measured · computed by Checked

22 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 19

Solvency 33

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2022 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 24-07-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

EBITDA

€559

- 18-22

Net profit

€-9k

+12.2% 18-22

Cash flow

€490

- 18-22

Total assets

€256k

+23.6% 18-22

Equity

€-222k

-4.0% 18-22

Working capital

€-252k

+0.2% 18-22

Debt

€478k

+13.6% 18-22

Debt ≤ 1y

€394k

+17.0% 18-22

Debt > 1y

€84k

0.0% 18-22

Current ratio

0.36

+43.8% 18-22

Quick ratio

0.36

+43.8% 18-22

Solvency

-86.7%

+15.8% 18-22

Debt / equity

-2.15

-9.3% 18-22

ROE

3.8%

-15.6% 18-22

ROA

-3.3%

+29.0% 18-22

Interest coverage

8.10

- 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	€559
Net profit	€-9k
Cash flow	€490
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€256k
Equity	€-222k
Debt	€478k
of which ≤ 1y	€394k
of which > 1y	€84k
Working capital	€-252k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	0.36
Quick ratio	0.36
Working capital ratio	-98.2%
Solvency	-86.7%
Debt / equity	-2.15
Long-term debt ratio	-0.38
Interest coverage	8.10
Gross margin	-
Net margin	-
ROA	-3.3%
ROE	3.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €113k · 44.3% Current assets €143k · 55.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€256k
Fixed assets	21/28	€113k
Tangible fixed assets	22/27	€113k
Current assets	29/58	€143k
Amounts receivable within one year	40/41	€143k
Cash & bank	54/58	€77
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€256k
Equity	10/15	€-222k
Contributions / capital	10/11	€93k
Accumulated profits (losses)	14	€-315k
Amounts payable	17/49	€478k
Amounts payable after one year	17	€84k
Amounts payable within one year	42/48	€394k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€1k
Operating result	9901	€-8k
Financial charges	65	€69
Result before taxes	9903	€-9k
Net result for the period	9904	€-9k
Result to be appropriated	9905	€-9k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	GERT HERMANS PARKLAAN 138, 2300 TURNHOUT- ↔ Also on 8 other cases	29-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Private limited company (pre-2019)(015)
Incorporation	28-06-1993
Status	Active
Postal code	2387
First BS signal	05-11-2024
Latest BS signal	05-11-2024

Establishment units 1 location

Manders

Wiekenweg 23, 2387 Baarle-HertogHoldings

since 19932.064.598.874

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13002C0087/00L000	Flanders	3,013 m²	1 · 163 m²	8.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

05-11-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · MANDERS BV WIEKENWEG 23, 2387 BAARLE-HERTOG · event 29-10-2024

2023

24-07-2023