MANDRAGORA
ActiveMANDRAGORA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.60M and a net result of €97k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 50% of 639 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-2
Solvency82▲+3
Growth73▼-2
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.45 in 2023; short-term debt: 14.7% and cash: 20.6% of total assets), and 43% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 87
Relative position
BE, all sectors
reference
Sector 87
lower
← 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
57%
Return on assets
3.5%
Age of the figures
21 mo
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 early
2022
32 d early
2021
27 d early
2020
23 d early
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.24M▲ 4.4%
2023 · €1.19M
2018: €721k
2019: €733k
2020: €823k
2021: €910k
2022: €1.10M
2023: €1.19M
2018 → 2024
EBIT margin
8.3%▼ 1.6pp
2023 · 9.9%
2018: 5.1%
2019: 8.0%
2020: 12.4%
2021: 16.9%
2022: 16.3%
2023: 9.9%
2018 → 2024
Net result
€97k▼ 15.4%
2023 · €115k
2018: €21k
2019: €58k
2020: €78k
2021: €133k
2022: €132k
2023: €115k
2018 → 2024
Working capital
€571k▼ 8.0%
2023 · €620k
2018: €301k
2019: €318k
2020: €405k
2021: €518k
2022: €608k
2023: €620k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€823k-€910k▲ 10.5%€1.10M▲ 21.4%€1.19M▲ 7.9%€1.24M▲ 4.4%
Equity€755k-€888k▲ 17.6%€1.02M▲ 14.9%€1.51M▲ 48.4%€1.60M▲ 5.6%
Operating result€102k-€154k▲ 50.3%€180k▲ 17.0%€118k▼ 34.4%€103k▼ 12.5%
Net result€78k-€133k▲ 70.2%€132k▼ 0.5%€115k▼ 12.9%€97k▼ 15.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 12% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.80M
Fixed assets
€1.82M▲ 4.2%
Current assets
€982k▼ 6.4%
Equity and liabilities €2.80M
Equity
€1.60M▲ 5.6%
Debt
€1.20M▼ 6.2%
The debt ratio falls from 45.9% to 43.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€203k▼
2023 · €205k
Cash flow
€197k▼
2023 · €202k
Solvency
57.0%▲
2023 · 54.1%
Current ratio
2.39▼
2023 · 2.45
Quick ratio
2.38▼
2023 · 2.45
Debt / equity
0.75▼
2023 · 0.85
ROE
6.1%▼
2023 · 7.6%
ROA
3.5%▼
2023 · 4.1%
Interest coverage
10.97▲
2023 · 10.72
Debt
€1.20M▼
2023 · €1.28M
Debt ≤ 1 year
€412k▼
2023 · €429k
Debt > 1 year
€792k▼
2023 · €853k
Income taxes
€0=
2023 · €0
Staff costs
€1.30M▲
2023 · €1.29M
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€2.80M€2.80M▲
Formation expenses20€0€0=
Fixed assets21/28€1.75M€1.82M▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€1.74M€1.82M▲
Land and buildings22€1.72M€1.79M▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€23k€24k▲
Leasing and similar rights25€0€0=
Other tangible fixed assets26€0€0=
Assets under construction and advance payments27€2k€0▼
Financial fixed assets28€7k€7k=
Current assets29/58€1.05M€982k▼
Amounts receivable after more than one year29€0€0=
Trade receivables290€0€0=
Other amounts receivable291€0€0=
Stocks and contracts in progress3€747€697▼
Stocks30/36€747€697▼
Contracts in progress37€0€0=
Amounts receivable within one year40/41€537k€397k▼
Trade receivables40€439k€359k▼
Other amounts receivable41€98k€38k▼
Current investments50/53€0€0=
Cash at bank and in hand54/58€495k€577k▲
Deferred charges and accrued income490/1€16k€7k▼
Equity and liabilities
Total equity and liabilities10/49€2.80M€2.80M▲
Equity10/15€1.51M€1.60M▲
Contributions10/11-€0
Capital10-€0
Revaluation surpluses12€0€0=
Reserves13€0€0=
Profit (loss) carried forward14€1.14M€1.23M▲
Investment grants15€379k€367k▼
Provisions and deferred taxes16€0€0=
Provisions for liabilities and charges160/5€0€0=
Pensions and similar obligations160€0€0=
Taxes161€0€0=
Major repairs and maintenance162€0€0=
Environmental obligations163€0€0=
Other liabilities and charges164/5€0€0=
Deferred taxes168€0€0=
Amounts payable17/49€1.28M€1.20M▼
Amounts payable after more than one year17€853k€792k▼
Financial debts170/4€850k€789k▼
Trade debts175€0€0=
Advances received on contracts in progress176€0€0=
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€429k€412k▼
Current portion of amounts payable after more than one year42€67k€61k▼
Financial debts43€0€0=
Credit institutions430/8€0€0=
Other loans439€0€0=
Trade debts44€116k€93k▼
Suppliers440/4€116k€93k▼
Bills of exchange payable441€0€0=
Advances received on contracts in progress46€0€0=
Taxes, remuneration and social security45€236k€248k▲
Taxes450/3€43k€48k▲
Remuneration and social security454/9€193k€200k▲
Accrued charges and deferred income492/3€2k€609▼
Income statement
Code20232024
Turnover70€1.19M€1.24M▲
Non-recurring operating income76A€59k€16k▼
Goods, raw materials, services and sundry goods60/61€392k€374k▼
Remuneration, social security and pensions62€1.29M€1.30M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€100k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€0=
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€14k€16k▲
Gross operating margin9900€1.52M€1.52M▲
Operating profit (loss)9901€118k€103k▼
Financial income75/76B€16k€12k▼
Recurring financial income75€16k€12k▼
Non-recurring financial income76B€0€0=
Financial charges65/66B€19k€19k▼
Recurring financial charges65€19k€19k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€115k€97k▼
Transfer from deferred taxes780€0€0=
Transfer to deferred taxes680€0€0=
Income taxes67/77€0€0=
Profit (loss) for the period9904€115k€97k▼
Transfer from tax-exempt reserves789€0€0=
Transfer to tax-exempt reserves689€0€0=
Profit (loss) for the period to be appropriated9905€115k€97k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.14M€1.23M▲
Profit (loss) brought forward from the previous period14P€1.02M€1.14M▲
From contributions791€0-
To contributions691€0-
Social balance
Average headcount (FTE)908718.119.6▲
The notes to these accounts (29 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 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.02M ▲14.9%
5 profitable years in a row build equity to €1.02M.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €133k ▲70.2%
Net result €133k, the highest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-08
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
11-08
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
26-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Elsene · 1 establishment unit since 2006
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.
Opperstraat 731050 ElseneGround area
505 m²
Building footprint
366 m²
Volume, LiDAR
5,290 m³
2 parcels, Brussels · tallest building 22.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MANDRAGORA vzw
since 20062.156.779.855
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0339/00C021 | Brussels | 262 m² | 1 · 244 m² | 22.0 m · 5 fl. |
| 21009A0340/00V006 | Brussels | 243 m² | 1 · 123 m² | 20.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
Habitations protégées du Sud-Luxembourg
BE 0451.248.354
Aubange · Eq €1.60M
Beschut Wonen De Lariks
BE 0451.794.722
Sint-Gillis (bij-Brussel) · Eq €1.51M
Beschut Wonen Primavera
BE 0453.352.363
Jette · Eq €1.70M
De Raster
BE 0420.458.871
Grimbergen · Eq €1.44M
BESCHUT WONEN DE OVERWEG
BE 0448.683.891
Ieper · Eq €1.82M
Of 49 companies in sector 87205 we hold annual accounts for 39. 35 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded05-07-1994
Fiscal year end31-12
Activities, NACEBEL
85316
87205Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.