Financials
- Financial year
- 2025
- Total assets
- €196,055
- Profit
- €22,841
- Solvency
- 14.9%
Mandrin
ActiveSummary
Mandrin has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,230 and a net result of €22,841. Its solvency ranks better than 25% of 1,852 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Motion picture, video and television programme production, sound recording and music publishing activities
NACE 59114
1 site
Size
€196,055total assets 2025
- Staff
- 4.2 FTE
- Equity
- €29,230
- Profit
- €22,841
Turnover not published (micro format)
Structure
Accounts 23 days early
Why 82raises riskFounded in 2024Equity €29,230 (14.9% of total assets)lowers riskSector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)Liquidity: current ratio 1.37, cash €42,842Show the evidence
Checked score
Score 2025
82
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 41% of its sector peers (NACE 59, micro)
Financial strength
Average
Solvency
40
equity 14.9% of total assets
Liquidity
41
short-term debt 68.2% · cash 21.9%
Profitability
83
return on assets 11.7%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 1.0%
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.1%▲ +0.1 percentage points vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.2%▲ +0.1 percentage points vs 01-2026
03-2026: 1.3%▲ +0.1 percentage points vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.5%▲ +0.2 percentage points vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026highest value
07-2026: 1.4%▼ -0.1 percentage points vs 06-2026
08-2026: 0.4%▼ -1.0 percentage point vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.37, below the usual 1.5; short-term debt: 68.2% and cash: 21.9% of total assets), and 85.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 59, micro): better than 27% on solvency, 27% on liquidity and 68% on profitability.
The bankruptcy probability was computed on 19-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
23 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- RestructuringDemerger · Incorporation · Auditor…
- RestructuringAppointment: J.-B.RONSE DE CRAENE &…
Key points
By topic
Timeline
- Events
- 4
- Since
- 2024
- 30-09-2024Incorporation
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Motion picture, video and television programme production, sound…NACE 59114
- Founded
- 26-09-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 35
- Who signs
- Each director alone
- Annual meeting
- Third Friday of June at 19:00
- Purpose
- “Alle verrichtingen uit te voeren die rechtstreeks of onrechtstreeks in verband staan met…” (deed in Dutch)
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