Summary
MANTOR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €59,257 and a net result of €41. Equity is shrinking by about 26% per year across the filed financial years. Its solvency ranks better than 94% of 9,736 sector peers (NACE 64, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€59,257▼ 2.7%
2024 · €60,882
Net result
€41▼ 96.1%
2024 · €1,056
Total assets
€61,967▼ 3.0%
2024 · €63,910
Solvency
95.6%▲ 0.4pp
2024 · 95.3%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 45% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€1,578
2025
Net result€41
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€61,967
2025
Equity€59,257
2025
Debt€2,710
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€57,826
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency95.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio22.34
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€8,702--€5,624▲ 35.4%€16,288€4,236▼ 74.0%-€6,975€1,638€2,893▲ 76.6%€1,578▼ 45.4%
Net result-€18,452--€10,315▲ 44.1%€13,949within the sector's middle half€33,683within the sector's middle half▲ 141%€3,824below the sector's middle half▼ 88.6%€1,088below the sector's middle half▼ 71.6%€1,056below the sector's middle half▼ 2.9%€41below the sector's middle half▼ 96.1%
Equity€358,113-€347,798▼ 2.9%€271,747within the sector's middle half▼ 21.9%€146,180within the sector's middle half▼ 46.2%€62,004within the sector's middle half▼ 57.6%€61,491within the sector's middle half▼ 0.8%€60,882within the sector's middle half▼ 1.0%€59,257within the sector's middle half▼ 2.7%
Total assets€362,984-€357,153▼ 1.6%€283,894within the sector's middle half▼ 20.5%€152,526within the sector's middle half▼ 46.3%€85,583below the sector's middle half▼ 43.9%€75,466below the sector's middle half▼ 11.8%€63,910below the sector's middle half▼ 15.3%€61,967below the sector's middle half▼ 3.0%
Debt€4,871-€9,355▲ 92.1%€12,147▲ 29.8%€6,347▼ 47.8%€23,579▲ 272%€13,975▼ 40.7%€3,028▼ 78.3%€2,710▼ 10.5%
Working capital€359,613-€349,298▼ 2.9%€271,747above the sector's middle half▼ 22.2%€146,180above the sector's middle half▼ 46.2%€62,004within the sector's middle half▼ 57.6%€61,491within the sector's middle half▼ 0.8%€58,998within the sector's middle half▼ 4.1%€57,826within the sector's middle half▼ 2.0%
Solvency98.7%-97.4%▼ 1.3pp95.7%above the sector's middle half▼ 1.7pp95.8%above the sector's middle half▲ 0.1pp72.4%within the sector's middle half▼ 23.4pp81.5%above the sector's middle half▲ 9.0pp95.3%above the sector's middle half▲ 13.8pp95.6%above the sector's middle half▲ 0.4pp
Current ratio45.4723.37above the sector's middle half▼ 22.1024.03above the sector's middle half▲ 0.663.63within the sector's middle half▼ 20.405.40above the sector's middle half▲ 1.7720.49above the sector's middle half▲ 15.0922.34above the sector's middle half▲ 1.85
Return on assets (ROA)-5.1%--2.9%▲ 2.2pp4.9%within the sector's middle half▲ 7.8pp22.1%within the sector's middle half▲ 17.2pp4.5%within the sector's middle half▼ 17.6pp1.4%within the sector's middle half▼ 3.0pp1.7%within the sector's middle half▲ 0.2pp0.1%below the sector's middle half▼ 1.6pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,967
Fixed assets
€1,432 ▼ 24.0%
Current assets
€60,535 ▼ 2.4%
Equity and liabilities €61,967
Equity
€59,257 ▼ 2.7%
Debt
€2,710 ▼ 10.5%
Debt's share of the balance-sheet total falls from 4.7% to 4.4%. Equity and debt are lower.
Key figures and ratios
ROE
0.1%▼
2024 · 1.7%
Debt ≤ 1 year
€2,710▼
2024 · €3,028
Income taxes
€1,395▼
2024 · €1,781
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €14 | €721 | ▲ 52× |
| Other operating charges640/8 | - | - | - | €402 | €405 | €698 | €701 | €465 | ▼ 33.6% |
| Gross operating margin9900 | -€8,006 | -€4,946 | €16,774 | €4,638 | -€6,571 | €2,336 | €3,607 | €2,764 | ▼ 23.4% |
| Operating profit (loss)9901 | -€8,702 | -€5,624 | €16,288 | €4,236 | -€6,975 | €1,638 | €2,893 | €1,578 | ▼ 45.4% |
| Financial income75/76B | - | - | - | €19,769 | €15,411 | €222 | €97 | €90 | ▼ 7.0% |
| Recurring financial income75 | €1,541 | €242 | €3,660 | €19,769 | €15,411 | €222 | €97 | €90 | ▼ 7.0% |
| Financial charges65/66B | - | - | - | -€14,863 | €1,403 | -€1,107 | €152 | €231 | ▲ 52.8% |
| Recurring financial charges65 | €610 | €149 | €266 | -€14,863 | €1,403 | -€1,107 | €152 | €231 | ▲ 52.8% |
| Profit (loss) for the period before taxes9903 | -€17,498 | -€5,109 | €19,682 | €38,868 | €7,033 | €2,967 | €2,838 | €1,437 | ▼ 49.4% |
| Income taxes67/77 | €954 | €5,206 | €5,733 | €5,185 | €3,209 | €1,880 | €1,781 | €1,395 | ▼ 21.7% |
| Profit (loss) for the period9904 | -€18,452 | -€10,315 | €13,949 | €33,683 | €3,824 | €1,088 | €1,056 | €41 | ▼ 96.1% |
| Profit (loss) for the period to be appropriated9905 | -€18,452 | -€10,315 | €13,949 | €33,683 | €3,824 | €1,088 | €1,056 | €41 | ▼ 96.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €362,984 | €357,153 | €283,894 | €152,526 | €85,583 | €75,466 | €63,910 | €61,967 | ▼ 3.0% |
| Fixed assets21/28 | - | - | - | - | - | - | €1,884 | €1,432 | ▼ 24.0% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €1,884 | €1,432 | ▼ 24.0% |
| Land and buildings22 | - | - | - | - | - | - | €1,884 | €1,432 | ▼ 24.0% |
| Current assets29/58 | €362,984 | €357,153 | €283,894 | €152,526 | €85,583 | €75,466 | €62,026 | €60,535 | ▼ 2.4% |
| Amounts receivable within one year40/41 | €9,538 | €14,646 | €5,430 | €17,113 | €17,666 | €20,241 | €10,644 | €11,889 | ▲ 11.7% |
| Trade receivables40 | - | - | - | €11,440 | €10,710 | €18,727 | €6,466 | €6,466 | = |
| Other amounts receivable41 | - | - | - | €5,673 | €6,956 | €1,514 | €4,178 | €5,423 | ▲ 29.8% |
| Current investments50/53 | €232,698 | €233,561 | €147,193 | €55,330 | €14,053 | €15,307 | €15,307 | €15,307 | = |
| Cash at bank and in hand54/58 | €118,402 | €106,593 | €123,304 | €73,252 | €53,290 | €37,424 | €35,387 | €30,186 | ▼ 14.7% |
| Deferred charges and accrued income490/1 | - | - | - | €6,832 | €574 | €2,495 | €689 | €3,154 | ▲ 358% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €362,984 | €357,153 | €283,894 | €152,526 | €85,583 | €75,466 | €63,910 | €61,967 | ▼ 3.0% |
| Equity10/15 | €358,113 | €347,798 | €271,747 | €146,180 | €62,004 | €61,491 | €60,882 | €59,257 | ▼ 2.7% |
| Contributions10/11 | €6,500 | €6,500 | - | €6,500 | €6,500 | €6,500 | €28,750 | €28,750 | = |
| Reserves13 | €351,613 | €341,298 | €265,247 | €139,680 | €55,504 | €54,991 | €32,132 | €30,507 | ▼ 5.1% |
| Non-distributable reserves130/1 | - | - | - | €22,250 | €22,250 | €22,250 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €22,250 | €22,250 | €22,250 | €0 | - | - |
| Distributable reserves133 | - | - | - | €117,430 | €33,254 | €32,741 | €32,132 | €30,507 | ▼ 5.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €4,871 | €9,355 | €12,147 | €6,347 | €23,579 | €13,975 | €3,028 | €2,710 | ▼ 10.5% |
| Amounts payable within one year42/48 | €3,371 | €7,855 | €12,147 | €6,347 | €23,579 | €13,975 | €3,028 | €2,710 | ▼ 10.5% |
| Trade debts44 | €2,651 | €3,192 | €2,216 | €535 | €22,370 | €12,266 | €1,187 | €1,044 | ▼ 12.1% |
| Suppliers440/4 | - | - | - | €535 | €22,370 | €12,266 | €1,187 | €1,044 | ▼ 12.1% |
| Taxes, remuneration and social security45 | - | - | - | €5,812 | €1,209 | €109 | €175 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €5,812 | €1,209 | €109 | €175 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | - | €1,600 | €1,666 | €1,666 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,452 | -€10,315 | €13,949 | €33,683 | €3,824 | €1,088 | €1,056 | €41 | ▼ 96.1% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €14 | €721 | ▲ 52× |
| Operating cash flow (approximation) | -€18,452 | -€10,315 | €13,949 | €33,683 | €3,824 | €1,088 | €1,070 | €762 | ▼ 28.8% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | - | -€269 | - |
| Change in cash | - | -€11,808 | €16,711 | -€50,053 | -€19,962 | -€15,866 | -€2,038 | -€5,200 | ▼ 155% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00244018 |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00239871 |
| 31-12-2023 | micro format | 03-07-2024 | 2024-00202095 |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00204534 |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20139296 |
| 31-12-2020 | micro format | 08-07-2021 | 2021-32700301 |
| 31-12-2019 | micro format | 29-06-2020 | 2020-21300243 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52100370 |
| 31-12-2017 | micro format | 02-07-2018 | 2018-25600286 |
| 31-12-2016 | micro format | 06-07-2017 | 2017-27300455 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.