MANTIRO
Open bankruptcyA bankruptcy procedure is open for MANTIRO according to publications in the Belgian State Gazette; curator: NATHALIE BEERNAERT. The 2022 annual accounts show equity of €196k and a net result of €45k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-10-2023, 80 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
80 d late
2021
144 d late
2020
90 d late
2019
13 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€196k▲ 29.5%
2021 · €151k
2018: €81k
2019: €102k
2020: €177k
2021: €151k
2018 → 2022
Total assets
€549k▼ 14.3%
2021 · €641k
2018: €167k
2019: €381k
2020: €345k
2021: €641k
2018 → 2022
Net result
€45k
2021 · €-26k
2018: €33k
2019: €21k
2020: €76k
2021: €-26k
2018 → 2022
Working capital
€156k▲ 12.7%
2021 · €138k
2018: €62k
2019: €10k
2020: €128k
2021: €138k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€81k-€102k▲ 26.0%€177k▲ 73.1%€151k▼ 14.7%€196k▲ 29.5%
Operating result€49k-€27k▼ 45.0%€100k▲ 274%€-11k€68k
Net result€33k-€21k▼ 36.2%€76k▲ 259%€-26k€45k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €68k after a loss of €11k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €549k
Fixed assets
€44k▲ 3.8%
Current assets
€505k▼ 15.6%
Equity and liabilities €549k
Equity
€196k▲ 29.5%
Debt
€353k▼ 27.9%
The debt ratio falls from 76.4% to 64.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88k▲
2021 · €7k
Cash flow
€64k▲
2021 · €-7k
Solvency
35.6%▲
2021 · 23.6%
Current ratio
1.45▲
2021 · 1.30
Quick ratio
1.06▲
2021 · 1.00
Debt / equity
1.81▼
2021 · 3.25
ROE
22.8%▲
2021 · -17.2%
ROA
8.1%▲
2021 · -4.1%
Interest coverage
10.98▲
2021 · 0.46
Debt
€353k▼
2021 · €490k
Debt ≤ 1 year
€349k▼
2021 · €460k
Debt > 1 year
€4k▼
2021 · €30k
Income taxes
€18k
Staff costs
€306k▼
2021 · €432k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€641k€549k▼
Fixed assets21/28€42k€44k▲
Intangible fixed assets21€5k€15k▲
Tangible fixed assets22/27€37k€26k▼
Land and buildings22€586€502▼
Plant, machinery and equipment23€17k€13k▼
Furniture and vehicles24€20k€13k▼
Financial fixed assets28-€3k
Current assets29/58€598k€505k▼
Amounts receivable after more than one year29€36k€33k▼
Other amounts receivable291€36k€33k▼
Stocks and contracts in progress3€137k€135k▼
Stocks30/36€137k€135k▼
Amounts receivable within one year40/41€402k€333k▼
Trade receivables40€330k€211k▼
Other amounts receivable41€72k€122k▲
Cash at bank and in hand54/58€6k-
Deferred charges and accrued income490/1€18k€5k▼
Equity and liabilities
Total equity and liabilities10/49€641k€549k▼
Equity10/15€151k€196k▲
Contributions10/11€34k€34k=
Reserves13€117k€162k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€114k€159k▲
Amounts payable17/49€490k€353k▼
Amounts payable after more than one year17€30k€4k▼
Financial debts170/4€30k€4k▼
Amounts payable within one year42/48€460k€349k▼
Current portion of amounts payable after more than one year42€29k€25k▼
Financial debts43-€31k
Credit institutions430/8-€31k
Trade debts44€351k€253k▼
Suppliers440/4€351k€253k▼
Taxes, remuneration and social security45€80k€40k▼
Taxes450/3€7k€27k▲
Remuneration and social security454/9€73k€13k▼
Income statement
Code20212022
Non-recurring operating income76A€7k€76k▲
Remuneration, social security and pensions62€432k€306k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Other operating charges640/8€7k€26k▲
Gross operating margin9900€447k€420k▼
Operating profit (loss)9901€-11k€68k▲
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€19k€8k▼
Recurring financial charges65€16k€8k▼
Non-recurring financial charges66B€3k-
Profit (loss) for the period before taxes9903€-26k€62k▲
Income taxes67/77-€18k
Profit (loss) for the period9904€-26k€45k▲
Profit (loss) for the period to be appropriated9905€-26k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€45k▲
Transfer from equity791/2€26k-
Transfer to equity691/2-€45k
To other reserves6921-€45k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
11-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · MANTIRO BV HEULSE- STRAAT 87B, 8860 LENDELEDE · event 05-12-2023
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
2021
31-12
Financial
Weakest financial yearnet €-26k ▼134%
Net result drops to €-26k, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €76k ▲259%
Operating result €100k, net result €76k, both a record.
31-12
Financial
Equity above €150kEq €177k ▲73.1%
3 profitable years in a row build equity to €177k.
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €102k ▲26%
2 profitable years in a row build equity to €102k.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
02-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 245 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Lendelede · 1 establishment unit since 2010
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.
Heulsestraat 87B8860 LendeledeGround area
5,832 m²
Building footprint
4,449 m²
Volume, LiDAR
36,805 m³
Parcel 34025C0185/00G002, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mantiro
since 20102.189.225.068
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025C0185/00G002 | Flanders | 5,832 m² | 1 · 4,449 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NATHALIE BEERNAERT DAMMESTRAAT-WEST 6,
8800 ROESELARE |
05-12-2023 → present |
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Of 1,745 companies in sector 46150 we hold annual accounts for 757. 549 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-06-2010
Fiscal year end31-12
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
68121Development of residential building projects
43310Plastering work
43350Other building finishing work
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.