Financials
- Financial year
- 2025
- Total assets
- €7,781
- Loss
- -€50,254
- Solvency
- -695.6%
Turnover▲ 19.9%
Net result
20192020
MANGWAL
ActiveSummary
MANGWAL has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€54,126) and a net result of -€50,254. Equity is shrinking by about 43% per year across the filed financial years. Its solvency ranks better than 5% of 3,263 sector peers (NACE 95, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Activity
Washing and cleaning of motor vehicles
NACE 95316
1 site
Size
€7,781total assets 2025
- Equity
- -€54,126
- Loss
- -€50,254
Turnover not published (micro format)
Structure
2025 accounts filed 31 days late1 of 9 deeds summarised
Why 53raises riskCapped at 59: negative equityLast filed accounts filed 32 days late; 3 of the last 3 lateNegative equity -€54,126Loss of €50,254, the second in a row (financial year 2025)lowers riskSize: total assets €7,781Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 15% of its sector peers (NACE 95, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -695.6% of total assets
Liquidity
50=
short-term debt 795.6% · cash 69.3%
Profitability
0=
return on assets -645.9%
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.5%
12-2024: 1.5%● unchanged vs 11-2024lowest value
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 2.1%▲ +0.6 percentage points vs 01-2025
03-2025: 2.2%▲ +0.1 percentage points vs 02-2025
04-2025: 3.8%▲ +1.6 percentage points vs 03-2025
05-2025: 3.9%▲ +0.1 percentage points vs 04-2025
06-2025: 4.8%▲ +0.9 percentage points vs 05-2025
07-2025: 6.2%▲ +1.4 percentage points vs 06-2025
08-2025: 6.2%● unchanged vs 07-2025
09-2025: 6.5%▲ +0.3 percentage points vs 08-2025
10-2025: 5.9%▼ -0.6 percentage points vs 09-2025
11-2025: 5.9%● unchanged vs 10-2025
12-2025: 5.8%▼ -0.1 percentage points vs 11-2025
01-2026: 5.8%● unchanged vs 12-2025
02-2026: 7.4%▲ +1.6 percentage points vs 01-2026highest value
03-2026: 7.4%● unchanged vs 02-2026highest value
04-2026: 1.6%▼ -5.8 percentage points vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 1.6%● unchanged vs 07-2026
09-2026: 1.5%▼ -0.1 percentage points vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.09, compared with 0.33 in 2024, below 1; short-term debt: 795.6% and cash: 69.3% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 95, micro): better than 6% on solvency, 47% on liquidity, 5% on profitability and 1% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€54,126
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-03-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
31 days late
2024
396 days late
2023
111 days late
2022
59 days late
2021
on the day
2020
43 days late
2019
409 days late
← 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 150 days after the deadline; the sector median (NACE 95) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 March (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end24-10-2026 today31-01-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: MANGAL Wiqar (manager)Appointment: MANGAL Wiqar (director) ·…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€54,126 View
- Caution: Equity fell in 2025from -€3,871 to -€54,126 ▼ 1,298% View
- Caution: Among the weakest 5% on solvencysector median 37.9% · 3,263 companies -695.6% View
- Caution: 2 loss-making years in a rowloss financial year 2025 -€50,254 View
By topic
Timeline
- Events
- 11
- Since
- 2021
- Next accounts
- by 31-01-2027
- 30-06-2025Weakest financial year
- 21-05-2024Annual accounts filed
- 30-06-2023Highest result from 2019 to 2025
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Washing and cleaning of motor vehiclesNACE 95316
- Founded
- 17-01-2017
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 37
- Who signs
- Each director alone
- Financial year
- From 1 January to 31 December
- Annual meeting
- Last Saturday of June at 18:00
- Purpose
- “De activiteit van koeriersdienst uitoefenen; Overheidsopdrachten; De vennootschap kan…” (deed in Dutch)
Key facts about MANGWAL
- What is the company number of MANGWAL?
- 0669.695.918. In Belgium the VAT number is the company number with BE in front: BE 0669.695.918.
- Where is MANGWAL based?
- The registered office is at Nieuwstraat 2A, 8780 Oostrozebeke.Company details
- What does MANGWAL do?
- According to the KBO register, the main activity is washing and cleaning of motor vehicles (NACE 95316).
- What is the legal form of MANGWAL?
- Private limited company (BV).
- When was MANGWAL founded?
- On 17-01-2017.
- Is MANGWAL still active?
- Yes, MANGWAL is an active enterprise in the KBO register.
- What is the turnover of MANGWAL?
- €54,376 in financial year 2020, according to the filed annual accounts.Financials
- Is MANGWAL profitable?
- In financial year 2025, MANGWAL made a loss of €50,254.
- Where can I find the annual accounts of MANGWAL?
- MANGWAL filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MANGWAL due?
- By 31-01-2027, for financial year 2026.Timeline
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