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MANGWA

Active
Private limited companyfounded 20233 yrs activeRue de l'Alouette 62, 6000 Charleroi, BelgiumKBO/BCE: BE 0800.223.967
Summary

The computed 12-month bankruptcy probability of MANGWA is 5.3% (elevated). The 2024 annual accounts show equity of €62,023 and a net result of -€23,556. Its solvency ranks better than 53% of 19371 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MANGWAActiveChecked score 37/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
Size
€176,014total assets 2024
Equity
€62,023
Loss
-€23,556
Turnover not published (abridged schema)
Financial health
37 Weak Checked score 2024
Bankruptcy chance 12 m
5.3%
Structure
Accounts 64 d overdue0 of 2 deeds read
Why 37- Figures for FY 2024 (filed 18-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 109 days late; 2 of the last 3 late- Liquidity: current ratio 0.08, cash €1,321, halved+ Sector Real estate activities (NACE 68)Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 36% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 60-40
equity 35.2% of total assets
Liquidity 51-49
short-term debt 9.1% · cash 0.8%
Profitability 2-13
return on assets -13.4%
Bankruptcy probability, 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,362 companies)
Last 24 months 11-2024: 0.9% 12-2024: 1.0%▲ +2.2% vs 11-2024 01-2025: 0.2%▼ -75.7% vs 12-2024lowest value 02-2025: 0.2%● 0.0% vs 01-2025lowest value 03-2025: 0.2%▲ +4.7% vs 02-2025 04-2025: 0.3%▲ +9.8% vs 03-2025 05-2025: 0.3%▲ +0.7% vs 04-2025 06-2025: 0.3%▼ -3.0% vs 05-2025 07-2025: 0.3%▲ +1.5% vs 06-2025 08-2025: 0.5%▲ +82.4% vs 07-2025 09-2025: 0.6%▲ +31.4% vs 08-2025 10-2025: 1.2%▲ +85.8% vs 09-2025 11-2025: 1.2%▲ +2.4% vs 10-2025 12-2025: 2.4%▲ +96.9% vs 11-2025 01-2026: 2.3%▼ -2.0% vs 12-2025 02-2026: 2.3%● 0.0% vs 01-2026 03-2026: 2.3%● 0.0% vs 02-2026 04-2026: 2.4%▲ +1.7% vs 03-2026 05-2026: 2.3%▼ -4.4% vs 04-2026 06-2026: 2.2%▼ -3.1% vs 05-2026 07-2026: 2.3%▲ +1.9% vs 06-2026 08-2026: 2.9%▲ +30.3% vs 07-2026 09-2026: 3.5%▲ +20.8% vs 08-2026 10-2026: 5.3%▲ +48.8% vs 09-2026highest value
  • Figures for FY 2024 (filed 18-11-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 109 days late; 2 of the last 3 late raises the probability
  • Sector Real estate activities (NACE 68) lowers the probability
  • Liquidity: current ratio 0.08, cash €1,321, halved raises the probability
Credit up to €2,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.08 against 37.49 in 2023; short-term debt: 9.1% and cash: 0.8% of total assets), and 64.8% 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 (NACE 68, micro). Better than this share of them on solvency 53%, liquidity 55%, profitability 9%, growth against the median 25%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Figures for FY 2024 (filed 18-11-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 109 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Liquidity: current ratio 0.08, cash €1,321, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
2324
2023 to 2024 · latest year -€23,556
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-11-2025, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
109 d late
2023
130 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 120 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Among the weakest 17% on net resultsector median €4,441 · 19,357 companies -€23,556 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Total assets 20242 fiscal years filed €176,014 View

By topic

Financials

Fiscal year
2024
Total assets
€176,014
Loss
-€23,556
Solvency
35.2%
Total assets▲ 140%
Net result
20232024
Go to Financials

Timeline

Events
2
Since
2024
  1. 17-11-2025Annual accounts filed
  2. 08-12-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
31-03-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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