Financials
- Fiscal year
- 2025
- Total assets
- €7.7m
- Loss
- -€15,010
- Solvency
- 60.0%
Total assets▼ 0.2%
Net result
20202025
MANGELEX
ActiveSummary
MANGELEX has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of -€15,010. Equity is growing by ~4.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
What they do
Activity not known1 site
How big
€7.7mtotal assets 2025
- Equity
- €4.6m
- Loss
- -€15,010
Who decides
- Largest shareholder
- MANGENIE · 33.35%
- Holdings
- 1
Accounts 4 d early0 of 2 deeds read
Why 67- Liquidity: current ratio 2.50, cash €978- Founded in 2020- Loss of €15,010 (FY 2025)+ Size: total assets €7.7mShow the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 28% of its sector peers (no NACE code, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
85-15
equity 60.0% of total assets
Liquidity
31-19
short-term debt 40.0% · cash 0.0%
Profitability
37-63
return on assets -0.2%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Liquidity: current ratio 2.50, cash €978 raises the probability
- Size: total assets €7.7m lowers the probability for this profile
- Founded in 2020 raises the probability for this profile
- Loss of €15,010 (FY 2025) raises the probability
Credit up to €300,000 at 30 days acceptable
Liquidity ample (current ratio 2.5; short-term debt: 40% and cash: 0% of total assets), and 40% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, small). Better than this share of them on solvency 53%, liquidity 20%, profitability 32%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
21 d early
2022
25 d late
2021
11 d early
2020
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 1 day after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2020net €2.6m ▲123%
Key points
By topic
Board & ownership
- Largest shareholder
- MANGENIE · 33.35%
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 12
- Since
- 2021
- Next accounts
- by 31-07-2027
- 27-07-2026Annual accounts filed
- 30-07-2025Annual accounts filed
- 31-12-2024Highest result since 2020
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 28-05-2020
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.