Overdue debts
€292 on 31-12-2025
The annual accounts state €292 of overdue tax debts on 31-12-2025.
MANGANO CARMELO
Lifetime
3 annual accounts with figures on one time axispeak €115,127 (2023)
€24,424▼ 38.0%
lowest -€47,176 (2024)
-€32,954▲ €14,222
peak €53,008 (2023)
-€91,453▼ €32,954
€179,010▲ 96.3%
Board2 names since 2023
1 directorMANGANO Carmelo Gaetano
Documentsfilings and deeds
10-06-202651 days before the deadline
2025micro format
Gross margin from €39,362 to €24,424Loss of €32,954Equity from -€58,499 to -€91,453Debts from €91,175 to €179,010
Key points
from the 2025 annual accountsEquity
-€91,453
Debts exceed assets in financial year 2025.
Losses
-€80,129 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€179,010 204% of the balance sheet
Financial debts 93%Suppliers 3%Taxes and wages 1%Other 2%
Of this, €10,736 falls due within a year.
Investments
€79,588 11.2 × depreciation
Green is investment, beige is depreciation.
Liquidity
7.69 was 0.57 in 2024
Short-term debts fell from €36,417 to €10,736.
Checked score
48
Fair
Financially stronger than 14% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%lowest value
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.8%▲ +0.1 percentage points vs 02-2025
04-2025: 1.9%▲ +0.1 percentage points vs 03-2025
05-2025: 1.9%● unchanged vs 04-2025
06-2025: 1.9%● unchanged vs 05-2025
07-2025: 2.1%▲ +0.2 percentage points vs 06-2025
08-2025: 4.2%▲ +2.1 percentage points vs 07-2025highest value
09-2025: 4.2%● unchanged vs 08-2025highest value
10-2025: 4.2%● unchanged vs 09-2025highest value
11-2025: 4.2%● unchanged vs 10-2025highest value
12-2025: 4.2%● unchanged vs 11-2025highest value
01-2026: 4.2%● unchanged vs 12-2025highest value
02-2026: 4.2%● unchanged vs 01-2026highest value
03-2026: 4.0%▼ -0.2 percentage points vs 02-2026
04-2026: 3.7%▼ -0.3 percentage points vs 03-2026
05-2026: 3.8%▲ +0.1 percentage points vs 04-2026
06-2026: 3.8%● unchanged vs 05-2026
07-2026: 3.3%▼ -0.5 percentage points vs 06-2026
08-2026: 3.3%● unchanged vs 07-2026
09-2026: 3.3%● unchanged vs 08-2026
10-2026: 3.3%● unchanged vs 09-2026
11-2026: 3.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
Negative equity -€91,453
Sector: Specialised construction activities (NACE 43)
Size: total assets €87,557
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 43, micro). It does better than 3% of them on solvency, 42% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 7,639 companies had the same profile as MANGANO CARMELO has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MANGANO CARMELO itself: 3.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 7,639 companies, not a prediction for MANGANO CARMELO. 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 ample, with a current ratio of 7.69 (0.57 in 2024), above the usual 1.5. Short-term debt is 12.3% and cash 1% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
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 -€91,453
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 10-06-2026, 51 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
51 days early
2024
on the day
2023
27 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 8 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 31 July (3 of the last 3 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804227295
Resignation: Giulia ATMATZIDIS (director)
Director discharge: Giulia ATMATZIDIS · General meeting of 19-06-2024 · Gazette deed
Appointment: Giulia ATMATZIDIS (director)
General meeting of 01-08-2023 · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: MANGANO Carmelo Gaetano · Appointment: MANGANO Carmelo Gaetano (director) · published on 26-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MANGANO CARMELO Verviers | €87,557 | €24,424 | -104.4% | - |
| HAUCON Diksmuide | €91,841 | €29,394 | 31.2% | - |
| RYCKEWAERT BRYAN Koekelare | €75,664 | €27,817 | 46.7% | - |
| T Reijnen Ravels | €95,672 | €21,139 | 4.9% | - |
| BRIA Sint-Pieters-Leeuw | €83,127 | €21,610 | 14.7% | - |
| Lowie Van Bruwaene Lichtervelde | €92,696 | €32,273 | 56.7% | - |
| VERA GROUP Brussels | €81,404 | €32,976 | 36.1% | - |
These companies have the same main activity as MANGANO CARMELO: demolition (NACE 43110). They are comparable in size and age: total assets between €75,700 and €95,700, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 24-07-2023Normal situation
- Activity
- DemolitionNACE 43110and 2 others
- Establishment unit
- 2.349.291.5974800 Verviers, since 24-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 22-09-2025
Annual accounts 2025
- ≈ €240,000estimated
- €87,557▲ 168%
- ≈ 0 FTEestimated
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on MANGANO CARMELO
MANGANO CARMELO files the micro format. That format states no turnover. The gross margin fell from €115,127 in 2023 to €24,424 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 MANGANO CARMELO
- What is the company number of MANGANO CARMELO?
- The company number of MANGANO CARMELO is 0804.227.295. The VAT number is the same number with BE in front: BE 0804.227.295.
- Where is MANGANO CARMELO based?
- The registered office is at Avenue Henri Massin 75, 4800 Verviers.Company details
- What does MANGANO CARMELO do?
- According to the KBO register, the main activity is demolition (NACE 43110).
- What is the legal form of MANGANO CARMELO?
- MANGANO CARMELO is a private limited company (BV).
- When was MANGANO CARMELO founded?
- MANGANO CARMELO was founded on 24-07-2023.
- Is MANGANO CARMELO still active?
- Yes, MANGANO CARMELO is an active enterprise in the KBO register.
- How many employees does MANGANO CARMELO have?
- MANGANO CARMELO had an average of 1.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of MANGANO CARMELO?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €24,424 and 41 comparable companies (NACE 431). It probably lies between €110,000 and €410,000. It is a rough estimate.
- Is MANGANO CARMELO profitable?
- In financial year 2025, MANGANO CARMELO made a loss of €32,954.
- Where can I find the annual accounts of MANGANO CARMELO?
- MANGANO CARMELO filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MANGANO CARMELO due?
- MANGANO CARMELO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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