Equity
-€9,849
Debts exceed assets in financial year 2025.
MANDEVILLE IMMO
Lifetime
3 annual accounts with figures on one time axispeak -€1,118 (2024)
-€1,970▼ €852
lowest -€7,197 (2023)
-€2,336▼ €519
peak -€5,697 (2023)
-€9,849▼ €2,336
€103,774▼ 0.2%
Board3 names since 2022
3 directorsCAVIM and 2 others
Documentsfilings and deeds
05-08-20265 days late
2025micro format
Gross margin from -€1,118 to -€1,970Loss of €2,336Equity from -€7,514 to -€9,849Investments €6,755Cash from €12,621 to €1,498
Key points
from the 2025 annual accountsLosses
-€11,349 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€103,774 110% of the balance sheet
Investments
€6,525 28.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 18.1% higher than in 2024.
Filings
3 annual accounts 3 late
The 2024 accounts came latest: 47 days after the end of the period.
Position in the sector
-10.5%
Lower solvency than 87% of companies in real estate. Sector median 28.9% · 17,194 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 13% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.1%▼ -0.1 percentage points vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.5%▲ +0.4 percentage points vs 07-2025
09-2025: 1.8%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 1.2%▼ -0.6 percentage points vs 09-2025
11-2025: 1.3%▲ +0.1 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.2%▼ -0.1 percentage points vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.0%▼ -0.2 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.1%▲ +0.1 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.9%▼ -0.4 percentage points vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Last filed accounts filed 5 days late; 2 of the last 3 accounts late
Negative equity -€9,849
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €93,924
Calculation
The band follows from the bankruptcy probability. 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). It does better than 13% of them on solvency, 6% on liquidity, 18% on profitability and 17% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,555 companies had the same profile as MANDEVILLE IMMO has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MANDEVILLE IMMO itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,555 companies, not a prediction for MANDEVILLE IMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.49 (0.58 in 2024), below 1. Short-term debt is 110.5% and cash 1.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€9,849
raises risk · 2025 accounts filed 5 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
5 days late
2024
47 days late
2023
40 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 31 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 September (3 of the last 3 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DESDEL 50 sharesdeed of 11-08-2022
- CAVIM 50 sharesdeed of 11-08-2022
- HALLEUX Edouard Marie Annick Erik 50 sharesdeed of 11-08-2022
Recent changes
Incorporation
Founding capital of €1,500, 150 shares · Founders: DESDEL, CAVIM and HALLEUX Edouard Marie Annick Erik · Appointments: DESDEL, CAVIM and HALLEUX Edouard Marie Annick Erik · published on 11-08-2022 · Gazette deed
First establishment
Rue Henri-Maus 141, Liège
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MANDEVILLE IMMO Liège | €93,924 | -€1,970 | -10.5% | - |
| INVIMMS Trooz | €114,913 | -€2,104 | 12.9% | - |
| South Lux Real Estate Tinlot | €112,305 | -€1,412 | -2.4% | - |
| Must-B Tongeren-Borgloon | €92,735 | -€2,357 | -10.8% | - |
| MKM CONSTRUCT Rixensart | €95,222 | -€15,002 | -59.6% | - |
| Noi Aarschot | €95,372 | -€2,211 | -31.0% | - |
| Rebel Development Gembloux | €98,196 | €16 | -5.6% | - |
These companies have the same main activity as MANDEVILLE IMMO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €92,700 and €115,000, founded in 2022.
Official details
Source: KBO- Status
- Active since 09-08-2022Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.337.448.1944000 Liège, since 09-08-2022
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on MANDEVILLE IMMO
MANDEVILLE IMMO files the micro format. That format states no turnover. The gross margin fell from -€1,507 in 2023 to -€1,970 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MANDEVILLE IMMO
- What is the company number of MANDEVILLE IMMO?
- The company number of MANDEVILLE IMMO is 0789.523.877. The VAT number is the same number with BE in front: BE 0789.523.877.
- Where is MANDEVILLE IMMO based?
- The registered office is at Rue Henri-Maus 141, 4000 Liège.Company details
- What does MANDEVILLE IMMO do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of MANDEVILLE IMMO?
- MANDEVILLE IMMO is a private limited company (BV).
- When was MANDEVILLE IMMO founded?
- MANDEVILLE IMMO was founded on 09-08-2022.
- Is MANDEVILLE IMMO still active?
- Yes, MANDEVILLE IMMO is an active enterprise in the KBO register.
- What is the turnover of MANDEVILLE IMMO?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is MANDEVILLE IMMO profitable?
- In financial year 2025, MANDEVILLE IMMO made a loss of €2,336.
- Where can I find the annual accounts of MANDEVILLE IMMO?
- MANDEVILLE IMMO filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MANDEVILLE IMMO due?
- MANDEVILLE IMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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