MANGUT
ActiveSummary
MANGUT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €106,168 and a net result of €10,041. Equity is growing by ~29.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-6
Solvency100=
Growth42=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 5.52 against 5.61 in 2023; short-term debt: 18% and cash: 49.9% of total assets), and 18% of the assets are financed with debt.
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Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 23-06-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2024
13 d early
2023
59 d early
2022
on the day
2021
24 d early
2020
22 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 17 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-11-2026 close30-06-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Turnover
€185,799▲ 17.7%
2021 · €157,895
EBIT margin
25.2%▲ 19.6pp
2021 · 5.6%
Net result
€10,041▼ 29.1%
2023 · €14,168
Working capital
€105,408▲ 11.4%
2023 · €94,607
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€188,911▼ 9.6%€157,895▼ 16.4%€185,799▲ 17.7%
Operating result€36,591▲ 47.7%€8,814▼ 75.9%€46,777▲ 431%€19,585▼ 58.1%€16,104▼ 17.8%
Net result€20,308within the sector's middle half▲ 3.2%€4,837within the sector's middle half▼ 76.2%€37,139above the sector's middle half▲ 668%€14,168within the sector's middle half▼ 61.9%€10,041within the sector's middle half▼ 29.1%
EBIT margin19.4%▲ 7.5pp5.6%▼ 13.8pp25.2%▲ 19.6pp
Equity€39,983within the sector's middle half▲ 103%€44,820below the sector's middle half▲ 12.1%€81,959within the sector's middle half▲ 82.9%€96,128within the sector's middle half▲ 17.3%€106,168within the sector's middle half▲ 10.4%
Total assets€46,897below the sector's middle half▲ 58.4%€46,440below the sector's middle half▼ 1.0%€95,259within the sector's middle half▲ 105%€116,670within the sector's middle half▲ 22.5%€129,505within the sector's middle half▲ 11.0%
Debt€6,915▼ 30.4%€1,619▼ 76.6%€13,299▲ 721%€20,542▲ 54.5%€23,337▲ 13.6%
Working capital€38,383within the sector's middle half▲ 133%€44,820within the sector's middle half▲ 16.8%€81,959within the sector's middle half▲ 82.9%€94,607above the sector's middle half▲ 15.4%€105,408above the sector's middle half▲ 11.4%
Solvency85.3%above the sector's middle half▲ 18.8pp96.5%above the sector's middle half▲ 11.3pp86.0%above the sector's middle half▼ 10.5pp82.4%above the sector's middle half▼ 3.6pp82.0%above the sector's middle half▼ 0.4pp
Current ratio6.55above the sector's middle half▲ 3.8928.68above the sector's middle half▲ 22.137.16above the sector's middle half▼ 21.525.61above the sector's middle half▼ 1.565.52above the sector's middle half▼ 0.09
Return on assets (ROA)43.3%above the sector's middle half▼ 23.2pp10.4%within the sector's middle half▼ 32.9pp39.0%above the sector's middle half▲ 28.6pp12.1%within the sector's middle half▼ 26.8pp7.8%within the sector's middle half▼ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 18% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €129,505
Fixed assets
€760 ▼ 50.0%
Current assets
€128,745 ▲ 11.8%
Equity and liabilities €129,505
Equity
€106,168 ▲ 10.4%
Debt
€23,337 ▲ 13.6%
Debt's share of the balance-sheet total rises from 17.6% to 18.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,864▼
2023 · €20,345
Cash flow
€10,801▼
2023 · €14,928
Quick ratio
5.09▼
2023 · 5.12
Debt to equity
0.22▲
2023 · 0.21
ROE
9.5%▼
2023 · 14.7%
Interest coverage
59.67▼
2023 · 198.53
Debt ≤ 1 year
€23,337▲
2023 · €20,542
Income taxes
€5,781▲
2023 · €5,315
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €188,911 | €157,895 | €185,799 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €147,084 | €138,598 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €197 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,600 | €1,600 | - | €760 | €760 | = |
| Other operating charges640/8 | - | €397 | €227 | €1,525 | €1,351 | ▼ 11.4% |
| Gross operating margin9900 | €38,588 | €10,811 | €47,201 | €21,870 | €18,215 | ▼ 16.7% |
| Operating profit (loss)9901 | €36,591 | €8,814 | €46,777 | €19,585 | €16,104 | ▼ 17.8% |
| Financial charges65/66B | - | €2,602 | €315 | €102 | €283 | ▲ 176% |
| Recurring financial charges65 | €10,996 | €2,602 | €315 | €102 | €283 | ▲ 176% |
| Profit (loss) for the period before taxes9903 | €25,596 | €6,212 | €46,462 | €19,483 | €15,821 | ▼ 18.8% |
| Income taxes67/77 | €5,288 | €1,375 | €9,323 | €5,315 | €5,781 | ▲ 8.8% |
| Profit (loss) for the period9904 | €20,308 | €4,837 | €37,139 | €14,168 | €10,041 | ▼ 29.1% |
| Profit (loss) for the period to be appropriated9905 | €20,308 | €4,837 | €37,139 | €14,168 | €10,041 | ▼ 29.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,897 | €46,440 | €95,259 | €116,670 | €129,505 | ▲ 11.0% |
| Fixed assets21/28 | €1,600 | - | - | €1,520 | €760 | ▼ 50.0% |
| Tangible fixed assets22/27 | €1,600 | - | - | €1,520 | €760 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | - | €1,520 | €760 | ▼ 50.0% |
| Current assets29/58 | €45,297 | €46,440 | €95,259 | €115,149 | €128,745 | ▲ 11.8% |
| Stocks and contracts in progress3 | - | - | - | €10,000 | €10,000 | = |
| Contracts in progress37 | - | - | - | €10,000 | €10,000 | = |
| Amounts receivable within one year40/41 | €39,211 | €39,790 | €47,614 | €66,713 | €54,128 | ▼ 18.9% |
| Trade receivables40 | - | - | €19,391 | €23,736 | €35,420 | ▲ 49.2% |
| Other amounts receivable41 | - | €39,790 | €28,223 | €42,978 | €18,709 | ▼ 56.5% |
| Cash at bank and in hand54/58 | €6,086 | €6,650 | €47,644 | €38,436 | €64,617 | ▲ 68.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,897 | €46,440 | €95,259 | €116,670 | €129,505 | ▲ 11.0% |
| Equity10/15 | €39,983 | €44,820 | €81,959 | €96,128 | €106,168 | ▲ 10.4% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | = |
| Profit (loss) carried forward14 | €39,982 | €44,819 | €81,958 | €96,127 | €106,167 | ▲ 10.4% |
| Amounts payable17/49 | €6,915 | €1,619 | €13,299 | €20,542 | €23,337 | ▲ 13.6% |
| Amounts payable within one year42/48 | €6,915 | €1,619 | €13,299 | €20,542 | €23,337 | ▲ 13.6% |
| Financial debts43 | - | - | €12 | €12 | €12 | = |
| Credit institutions430/8 | - | - | €12 | €12 | €12 | = |
| Trade debts44 | €326 | €267 | €3,862 | €15,215 | €17,544 | ▲ 15.3% |
| Suppliers440/4 | - | - | - | €5,047 | €17,494 | ▲ 247% |
| Bills of exchange payable441 | - | €267 | €3,862 | €10,168 | €50 | ▼ 99.5% |
| Taxes, remuneration and social security45 | - | €1,352 | €9,425 | €5,315 | €5,781 | ▲ 8.8% |
| Taxes450/3 | - | €1,352 | €9,425 | €5,315 | €5,781 | ▲ 8.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,308 | €4,837 | €37,139 | €14,168 | €10,041 | ▼ 29.1% |
| + Depreciation and write-downs630 | €1,600 | €1,600 | - | €760 | €760 | = |
| Operating cash flow (approximation) | €21,907 | €6,438 | €37,139 | €14,928 | €10,801 | ▼ 27.6% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €563 | €40,995 | -€9,208 | €26,181 | ▲ 384% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-11
Financial
Equity above €100,000Eq €106,168 ▲10.4%
6 profitable years in a row build equity to €106,168.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-11
Financial
Highest result since 2019net €37,139 ▲668%
Operating result €46,777, net result €37,139, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-11
Financial
Weakest financial yearnet €4,837 ▼76.2%
Net result drops to €4,837, the lowest in the series; recovery starts the following year.
30-11
Financial
Liquidity quadruplescurrent ratio 28.68
Current ratio from 6.55 to 28.68; short-term debt falls from €6,915 to €1,619.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial
Liquidity doublescurrent ratio 6.55
Current ratio from 2.66 to 6.55; short-term debt falls from €9,929 to €6,915.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Aalst · 1 establishment unit since 2018
Ground area
101 m²
Building footprint
84 m²
Volume, LiDAR
532 m³
Parcel 41002B0440/00W003, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MANGUT
since 20182.278.857.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0440/00W003 | Flanders | 101 m² | 1 · 84 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,717 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-07-2018
Fiscal year end30-11
Activities, NACEBEL 2025
43320Joinery installation
43342Specialised construction activities
43990Other specialised construction activities
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700304861
Also
9925:BE0700304861
Registered
02-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.