Mandolor
ActiveSummary
Mandolor has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56=
Solvency27▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.05 in 2023; short-term debt: 28.2% and cash: 1.9% of total assets), and 98.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 19356 sector peers (2024).
NBB · sector comparisonPosition among 19356 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €24k
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
on the day
2022
3 d early
2021
3 d early
2020
12 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€24k▲ 76.0%
2023 · €14k
2018: €5k
2019: €17k▲ +242% vs 2018
2020: €28k▲ +66.2% vs 2019highest in 7 years
2021: €-5k▼ -117% vs 2020lowest in 7 years
2022: €12k▲ +353% vs 2021
2023: €14k▲ +8.9% vs 2022
2024: €24k▲ +76.0% vs 2023
2018 → 2024
Total assets
€1.44M▼ 4.0%
2023 · €1.50M
2018: €111k
2019: €106k▼ -4.4% vs 2018lowest in 7 years
2020: €125k▲ +18.2% vs 2019
2021: €444k▲ +255% vs 2020
2022: €442k▼ -0.5% vs 2021
2023: €1.50M▲ +239% vs 2022highest in 7 years
2024: €1.44M▼ -4.0% vs 2023
2018 → 2024
Net result
€10k▲ 832%
2023 · €1k
2018: €-213
2019: €12k▲ +5778% vs 2018
2020: €11k▼ -6.4% vs 2019
2021: €-33k▼ -395% vs 2020lowest in 7 years
2022: €17k▲ +152% vs 2021highest in 7 years
2023: €1k▼ -93.6% vs 2022
2024: €10k▲ +832% vs 2023
2018 → 2024
Working capital
€-319k▲ 19.4%
2023 · €-396k
2020: €-66khighest in 5 years
2021: €-119k▼ -80.0% vs 2020
2022: €-108k▲ +9.1% vs 2021
2023: €-396k▼ -267% vs 2022lowest in 5 years
2024: €-319k▲ +19.4% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€28k-€-5k€12k€14k▲ 8.9%€24k▲ 76.0%
2020: €28khighest in 5 years
2021: €-5k▼ -117% vs 2020lowest in 5 years
2022: €12k▲ +353% vs 2021
2023: €14k▲ +8.9% vs 2022
2024: €24k▲ +76.0% vs 2023
Operating result€11k-€-27k€21k€21k=€49k▲ 130%
2020: €11k
2021: €-27k▼ -335% vs 2020lowest in 5 years
2022: €21k▲ +180% vs 2021
2023: €21k● +0.0% vs 2022
2024: €49k▲ +130% vs 2023highest in 5 years
Net result€11k-€-33k€17k€1k▼ 93.6%€10k▲ 832%
2020: €11k
2021: €-33k▼ -395% vs 2020lowest in 5 years
2022: €17k▲ +152% vs 2021highest in 5 years
2023: €1k▼ -93.6% vs 2022
2024: €10k▲ +832% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 130% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.44M
Fixed assets
€1.35M ▼ 8.5%
Current assets
€86k ▲ 338%
Equity and liabilities €1.44M
Equity
€24k ▲ 76.0%
Debt
€1.41M ▼ 4.7%
Debt's share of the balance-sheet total falls from 99.1% to 98.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€169k▲
2023 · €90k
Cash flow
€131k▲
2023 · €70k
Current ratio
0.21▲
2023 · 0.05
Debt to equity
59.08
ROE
43.2%▲
2023 · 8.2%
ROA
0.7%▲
2023 · 0.1%
Interest coverage
4.39▼
2023 · 4.47
Debt ≤ 1 year
€405k▼
2023 · €415k
Debt > 1 year
€986k▼
2023 · €1.05M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.50M€1.44M▼
Fixed assets21/28€1.48M€1.35M▼
Tangible fixed assets22/27€1.48M€1.35M▼
Land and buildings22€1.47M€1.35M▼
Furniture and vehicles24€5k-
Current assets29/58€20k€86k▲
Amounts receivable within one year40/41€8k€16k▲
Other amounts receivable41€8k€16k▲
Cash at bank and in hand54/58€12k€27k▲
Deferred charges and accrued income490/1€359€43k▲
Equity and liabilities
Total equity and liabilities10/49€1.50M€1.44M▼
Equity10/15€14k€24k▲
Contributions10/11€22k€22k=
Reserves13€17k€17k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-26k€-15k▲
Amounts payable17/49€1.48M€1.41M▼
Amounts payable after more than one year17€1.05M€986k▼
Financial debts170/4€1.04M€984k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€415k€405k▼
Current portion of amounts payable after more than one year42€58k€60k▲
Trade debts44€16k€17k▲
Suppliers440/4€16k€17k▲
Other amounts payable47/48€342k€329k▼
Accrued charges and deferred income492/3€21k€21k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€121k▲
Other operating charges640/8€5k€15k▲
Gross operating margin9900€95k€184k▲
Operating profit (loss)9901€21k€49k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€20k€39k▲
Recurring financial charges65€20k€39k▲
Profit (loss) for the period before taxes9903€1k€10k▲
Profit (loss) for the period9904€1k€10k▲
Profit (loss) for the period to be appropriated9905€1k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-15k▲
Profit (loss) brought forward from the previous period14P€-27k€-26k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €12k | €13k | €69k | €121k | ▲ 74.8% |
| Other operating charges640/8 | - | €40k | €3k | €5k | €15k | ▲ 178% |
| Gross operating margin9900 | €18k | €25k | €38k | €95k | €184k | ▲ 92.7% |
| Operating profit (loss)9901 | €11k | €-27k | €21k | €21k | €49k | ▲ 130% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | €7k | €4k | €20k | €39k | ▲ 91.3% |
| Recurring financial charges65 | €8 | €7k | €4k | €20k | €39k | ▲ 91.3% |
| Profit (loss) for the period before taxes9903 | €11k | €-33k | €17k | €1k | €10k | ▲ 832% |
| Profit (loss) for the period9904 | €11k | €-33k | €17k | €1k | €10k | ▲ 832% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-33k | €17k | €1k | €10k | ▲ 832% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125k | €444k | €442k | €1.50M | €1.44M | ▼ 4.0% |
| Fixed assets21/28 | €101k | €399k | €386k | €1.48M | €1.35M | ▼ 8.5% |
| Tangible fixed assets22/27 | €101k | €399k | €386k | €1.48M | €1.35M | ▼ 8.5% |
| Land and buildings22 | - | €399k | €386k | €1.47M | €1.35M | ▼ 8.2% |
| Furniture and vehicles24 | - | - | - | €5k | - | - |
| Current assets29/58 | €24k | €45k | €56k | €20k | €86k | ▲ 338% |
| Amounts receivable within one year40/41 | €22k | €31k | - | €8k | €16k | ▲ 104% |
| Trade receivables40 | - | €233 | - | - | - | - |
| Other amounts receivable41 | - | €31k | - | €8k | €16k | ▲ 104% |
| Cash at bank and in hand54/58 | €3k | €14k | €56k | €12k | €27k | ▲ 134% |
| Deferred charges and accrued income490/1 | - | €37 | €41 | €359 | €43k | ▲ 11,968% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125k | €444k | €442k | €1.50M | €1.44M | ▼ 4.0% |
| Equity10/15 | €28k | €-5k | €12k | €14k | €24k | ▲ 76.0% |
| Contributions10/11 | €22k | €22k | €22k | €22k | €22k | = |
| Reserves13 | €17k | €17k | €17k | €17k | €17k | = |
| Distributable reserves133 | - | €17k | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | €-11k | €-44k | €-27k | €-26k | €-15k | ▲ 40.1% |
| Amounts payable17/49 | €96k | €449k | €429k | €1.48M | €1.41M | ▼ 4.7% |
| Amounts payable after more than one year17 | - | €278k | €258k | €1.05M | €986k | ▼ 5.7% |
| Financial debts170/4 | - | €276k | €256k | €1.04M | €984k | ▼ 5.7% |
| Other amounts payable178/9 | - | €2k | €2k | €2k | €2k | = |
| Amounts payable within one year42/48 | €90k | €164k | €164k | €415k | €405k | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | €15k | €15k | €58k | €60k | ▲ 3.6% |
| Trade debts44 | €53k | €51k | €52k | €16k | €17k | ▲ 5.8% |
| Suppliers440/4 | - | €51k | €52k | €16k | €17k | ▲ 5.8% |
| Other amounts payable47/48 | - | €98k | €97k | €342k | €329k | ▼ 3.8% |
| Accrued charges and deferred income492/3 | - | €7k | €7k | €21k | €21k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-33k | €17k | €1k | €10k | ▲ 832% |
| + Depreciation and write-downs630 | €5k | €12k | €13k | €69k | €121k | ▲ 74.8% |
| Operating cash flow (approximation) | €16k | €-22k | €31k | €70k | €131k | ▲ 86.7% |
| Investment in fixed assets (approximation) | - | €-310k | €0 | €-1.16M | €5k | ▲ 100% |
| Change in cash | - | €12k | €41k | €-44k | €16k | ▲ 135% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Diest · 1 establishment unit since 2013
Ground area
3,134 m²
Building footprint
296 m²
Volume, LiDAR
1,594 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Zelliksebaan 11, 3460 Bekkevoort
since 20132.214.265.322
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24008D0178/00M000 | Flanders | 2,873 m² | 1 · 154 m² | 6.7 m · 2 fl. |
| 24020B0111/00E013 | Flanders | 261 m² | 1 · 141 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 2,449 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.