MANDRAGOR
ActiveSummary
MANDRAGOR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €396,123 and a net result of €178,134. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 6550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+90
Solvency100▲+9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 4.34 against 2.81 in 2023; short-term debt: 22.7% and cash: 47.2% of total assets), and 22.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
77.3%
Return on assets
34.8%
Age of the figures
21 mo
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 €396,123
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 21-06-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d early
2023
19 d early
2022
29 d late
2021
41 d early
2020
39 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€178,134
2023 · -€29,743
Working capital
€388,329▲ 57.8%
2023 · €246,067
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€136,994-€80,512-€26,648▲ 66.9%-€29,910▼ 12.2%€210,467
Net result€108,233above the sector's middle half-€80,207below the sector's middle half-€26,010below the sector's middle half▲ 67.6%-€29,743below the sector's middle half▼ 14.4%€178,134above the sector's middle half
Equity€463,949within the sector's middle half▼ 3.5%€383,742within the sector's middle half▼ 17.3%€357,732within the sector's middle half▼ 6.8%€272,989within the sector's middle half▼ 23.7%€396,123within the sector's middle half▲ 45.1%
Total assets€760,572within the sector's middle half▲ 37.8%€542,701within the sector's middle half▼ 28.6%€477,153within the sector's middle half▼ 12.1%€412,181below the sector's middle half▼ 13.6%€512,335within the sector's middle half▲ 24.3%
Debt€296,623▲ 317%€158,959▼ 46.4%€119,421▼ 24.9%€139,192▲ 16.6%€116,212▼ 16.5%
Working capital€437,312above the sector's middle half▼ 14.7%€357,945within the sector's middle half▼ 18.1%€333,538within the sector's middle half▼ 6.8%€246,067within the sector's middle half▼ 26.2%€388,329within the sector's middle half▲ 57.8%
Solvency61.0%above the sector's middle half▼ 26.1pp70.7%above the sector's middle half▲ 9.7pp75.0%above the sector's middle half▲ 4.3pp66.2%above the sector's middle half▼ 8.7pp77.3%above the sector's middle half▲ 11.1pp
Current ratio2.87above the sector's middle half▼ 14.604.08above the sector's middle half▲ 1.214.51above the sector's middle half▲ 0.422.81above the sector's middle half▼ 1.694.34above the sector's middle half▲ 1.53
Return on assets (ROA)14.2%above the sector's middle half▲ 22.9pp-14.8%below the sector's middle half▼ 29.0pp-5.5%below the sector's middle half▲ 9.3pp-7.2%below the sector's middle half▼ 1.8pp34.8%above the sector's middle half▲ 42.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €210,467 after a loss of €29,910 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €512,335
Fixed assets
€7,794 ▼ 74.4%
Current assets
€504,541 ▲ 32.2%
Equity and liabilities €512,335
Equity
€396,123 ▲ 45.1%
Debt
€116,212 ▼ 16.5%
Debt's share of the balance-sheet total falls from 33.8% to 22.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€211,207▲
2023 · -€9,655
Cash flow
€178,874▲
2023 · -€9,488
Quick ratio
3.06▲
2023 · 1.23
Debt to equity
0.29▼
2023 · 0.51
ROE
45.0%▲
2023 · -10.9%
Interest coverage
48.22▲
2023 · -2.68
Debt ≤ 1 year
€116,212▼
2023 · €135,692
Income taxes
€37,545
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,810 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €185 | - | €7,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,460 | €20,779 | €20,228 | €20,255 | €740 | ▼ 96.3% |
| Other operating charges640/8 | - | €33,363 | €33,739 | €37,571 | €32,160 | ▼ 14.4% |
| Non-recurring operating charges66A | - | €225 | - | - | - | - |
| Gross operating margin9900 | €163,519 | -€26,146 | €27,320 | €27,916 | €243,367 | ▲ 772% |
| Operating profit (loss)9901 | €136,994 | -€80,512 | -€26,648 | -€29,910 | €210,467 | ▲ 804% |
| Financial income75/76B | - | €3,883 | €3,850 | €3,774 | €9,592 | ▲ 154% |
| Recurring financial income75 | €6,959 | €3,883 | €3,850 | €3,774 | €9,592 | ▲ 154% |
| Financial charges65/66B | - | €3,165 | €3,212 | €3,607 | €4,380 | ▲ 21.4% |
| Recurring financial charges65 | €4,175 | €3,165 | €3,212 | €3,607 | €4,380 | ▲ 21.4% |
| Profit (loss) for the period before taxes9903 | €139,678 | -€79,795 | -€26,010 | -€29,743 | €215,679 | ▲ 825% |
| Income taxes67/77 | €31,445 | €412 | - | - | €37,545 | - |
| Profit (loss) for the period9904 | €108,233 | -€80,207 | -€26,010 | -€29,743 | €178,134 | ▲ 699% |
| Profit (loss) for the period to be appropriated9905 | €108,233 | -€80,207 | -€26,010 | -€29,743 | €178,134 | ▲ 699% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €760,572 | €542,701 | €477,153 | €412,181 | €512,335 | ▲ 24.3% |
| Fixed assets21/28 | €89,462 | €68,684 | €48,455 | €30,422 | €7,794 | ▼ 74.4% |
| Tangible fixed assets22/27 | €83,149 | €62,371 | €42,142 | €24,109 | €1,481 | ▼ 93.9% |
| Furniture and vehicles24 | - | €62,371 | €42,142 | €24,109 | €1,481 | ▼ 93.9% |
| Financial fixed assets28 | €6,313 | €6,313 | €6,313 | €6,313 | €6,313 | = |
| Current assets29/58 | €671,109 | €474,017 | €428,697 | €381,759 | €504,541 | ▲ 32.2% |
| Amounts receivable after more than one year29 | - | €82,097 | €66,379 | €50,176 | €33,472 | ▼ 33.3% |
| Other amounts receivable291 | - | €82,097 | €66,379 | €50,176 | €33,472 | ▼ 33.3% |
| Stocks and contracts in progress3 | €192,663 | €160,762 | €200,996 | €214,366 | €149,163 | ▼ 30.4% |
| Stocks30/36 | - | €160,762 | €200,996 | €214,366 | €149,163 | ▼ 30.4% |
| Amounts receivable within one year40/41 | €171,022 | €145,909 | €133,728 | €95,863 | €77,300 | ▼ 19.4% |
| Trade receivables40 | - | - | €9,861 | €13,914 | €2 | ▼ 100.0% |
| Other amounts receivable41 | - | €145,909 | €123,867 | €81,949 | €77,298 | ▼ 5.7% |
| Cash at bank and in hand54/58 | €124,220 | €72,596 | €20,042 | €14,077 | €241,902 | ▲ 1,618% |
| Deferred charges and accrued income490/1 | - | €12,653 | €7,552 | €7,277 | €2,704 | ▼ 62.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €760,572 | €542,701 | €477,153 | €412,181 | €512,335 | ▲ 24.3% |
| Equity10/15 | €463,949 | €383,742 | €357,732 | €272,989 | €396,123 | ▲ 45.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €210,093 | €210,093 | €210,093 | €210,093 | €310,093 | ▲ 47.6% |
| Distributable reserves133 | - | €210,093 | €210,093 | €210,093 | €310,093 | ▲ 47.6% |
| Profit (loss) carried forward14 | €247,656 | €167,448 | €141,439 | €56,696 | €79,830 | ▲ 40.8% |
| Amounts payable17/49 | €296,623 | €158,959 | €119,421 | €139,192 | €116,212 | ▼ 16.5% |
| Amounts payable after more than one year17 | €62,826 | €42,887 | €22,510 | €1,749 | - | - |
| Financial debts170/4 | - | €42,887 | €22,510 | €1,749 | - | - |
| Amounts payable within one year42/48 | €233,797 | €116,073 | €95,159 | €135,692 | €116,212 | ▼ 14.4% |
| Current portion of amounts payable after more than one year42 | - | €19,939 | €20,376 | €20,762 | €1,749 | ▼ 91.6% |
| Financial debts43 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | - | - | - | €50,000 | €50,000 | = |
| Other loans439 | - | €50,000 | €50,000 | - | - | - |
| Trade debts44 | €9,135 | €9,867 | €7,783 | €9,190 | €2,466 | ▼ 73.2% |
| Suppliers440/4 | - | €9,867 | €7,783 | €9,190 | €2,466 | ▼ 73.2% |
| Advances received on contracts in progress46 | - | €5,345 | €17,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €30,921 | - | €740 | €6,997 | ▲ 846% |
| Taxes450/3 | - | €30,921 | - | €740 | €6,997 | ▲ 846% |
| Other amounts payable47/48 | - | - | - | €55,000 | €55,000 | = |
| Accrued charges and deferred income492/3 | - | - | €1,752 | €1,751 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108,233 | -€80,207 | -€26,010 | -€29,743 | €178,134 | ▲ 699% |
| + Depreciation and write-downs630 | €19,460 | €20,779 | €20,228 | €20,255 | €740 | ▼ 96.3% |
| Operating cash flow (approximation) | €127,693 | -€59,428 | -€5,782 | -€9,488 | €178,874 | ▲ 1,985% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,222 | €21,888 | ▲ 1,085% |
| Change in cash | - | -€51,623 | -€52,554 | -€5,965 | €227,825 | ▲ 3,919% |
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
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €178,134
Net result €178,134 after 3 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€80,207
Net result drops to -€80,207, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €108,233
Net result €108,233 after 2 loss-making years.
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-03
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.
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, Namur · 1 establishment unit since 2010
Ground area
53 m²
Building footprint
49 m²
Parcel 92094C1494/00D002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MANDRAGOR
since 20102.186.483.829
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C1494/00D002 | Wallonia | 53 m² | 1 · 48 m² | - |
Linked by address, not proof of ownership
Good to know
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
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
-
99%
According to the 2022 annual accounts of MANDRAGOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 2,017 companies in sector 47770 we hold annual accounts for 899. 646 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
Founded14-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
95250Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
E-mail
mandragor@skynet.beNamur
Phone
081/22.92.77Namur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822288695
Registered
14-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.