MANGERO
ActiveThe computed 12-month bankruptcy probability of MANGERO is 2.9% (moderate). The 2025 annual accounts show equity of €18k and a net result of €-13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 13071 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency48▼-42
Growth32=
Stability100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.84 in 2024), and 73% 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.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27%
Return on assets
-19.4%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
11 d late
2024
20 d late
2023
1 d early
2022
5 d early
2021
18 d early
2020
13 d early
2019
9 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€18k▼ 41.9%
2024 · €31k
2018: €34k
2019: €21k
2020: €-29k
2021: €57k
2022: €59k
2023: €49k
2024: €31k
2018 → 2025
Total assets
€67k▲ 4.0%
2024 · €65k
2018: €86k
2019: €73k
2020: €1k
2021: €105k
2022: €86k
2023: €71k
2024: €65k
2018 → 2025
Net result
€-13k▲ 27.9%
2024 · €-18k
2018: €-7k
2019: €-14k
2020: €-49k
2021: €85k
2022: €2k
2023: €-9k
2024: €-18k
2018 → 2025
Working capital
€15k▼ 46.1%
2024 · €28k
2018: €-39k
2019: €-46k
2020: €-28k
2021: €29k
2022: €17k
2023: €16k
2024: €28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€59k▲ 3.3%€49k▼ 16.0%€31k▼ 36.8%€18k▼ 41.9%
Operating result€89k-€4k▼ 96.0%€-9k€-16k▼ 88.8%€-12k▲ 28.5%
Net result€85k-€2k▼ 97.8%€-9k€-18k▼ 92.7%€-13k▲ 27.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€3k▼ 4.8%
Current assets
€64k▲ 4.4%
Equity and liabilities €67k
Equity
€18k▼ 41.9%
Debt
€49k▲ 46.7%
The debt ratio rises from 51.7% to 73.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-10k▲
2024 · €-13k
Cash flow
€-11k▲
2024 · €-15k
Solvency
27.0%▼
2024 · 48.3%
Current ratio
1.31▼
2024 · 1.84
Quick ratio
1.31▼
2024 · 1.84
Debt / equity
2.71▲
2024 · 1.07
ROE
-72.1%▼
2024 · -58.1%
ROA
-19.4%▲
2024 · -28.0%
Interest coverage
-6.39▲
2024 · -6.67
Debt
€49k▲
2024 · €33k
Debt ≤ 1 year
€49k▲
2024 · €33k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€65k€67k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€1k€1k=
Current assets29/58€61k€64k▲
Amounts receivable within one year40/41€61k€64k▲
Trade receivables40€57k€57k=
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€38€5▼
Equity and liabilities
Total equity and liabilities10/49€65k€67k▲
Equity10/15€31k€18k▼
Contributions10/11€50k€50k=
Reserves13€9k€9k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-28k€-41k▼
Amounts payable17/49€33k€49k▲
Amounts payable within one year42/48€33k€49k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€29k€41k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€9k€416▼
Gross operating margin9900€-5k€-9k▼
Operating profit (loss)9901€-16k€-12k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-18k€-13k▲
Profit (loss) for the period9904€-18k€-13k▲
Profit (loss) for the period to be appropriated9905€-18k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-41k▼
Profit (loss) brought forward from the previous period14P€-9k€-28k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €85k
Net result €85k after 3 loss-making years.
31-12
Financial
Liquidity times 87current ratio 1.60
Current ratio from 0.02 to 1.60.
18-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-49k
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 2 establishment units since 2017
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.
Loodwitstraat(Kor) 68500 KortrijkGround area
429 m²
Building footprint
406 m²
Volume, LiDAR
2,627 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MANGERO
since 20172.260.711.197
Gulden Spoor
since 20212.316.531.828
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0035/00S028 | Flanders | 312 m² | 1 · 312 m² | 9.6 m · 2 fl. |
| 34353B0035/00T027indicative | Flanders | 117 m² | 1 · 94 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CBV Groep
BE 1002.810.645
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SPRONKEN
BE 0896.939.501
Braine-l'Alleud · Eq €18k
SS GROUPE
BE 0673.786.546
Ganshoren · Eq €18k
BYL
BE 1022.510.850
Zemst · Eq €18k
MVSB
BE 0698.815.615
Evergem · Eq €18k
Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 8,468 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
46190Agents in non-specialised wholesale trade
47120Other non-specialised retail sale
47910Retail trade
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.