MANTRA
ActiveMANTRA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €32k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+91
Solvency100▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.98 against 3.27 in 2024; short-term debt: 22.8% and cash: 46.1% of total assets), and 22.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.2%
Return on assets
18.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
30 d late
2023
31 d late
2022
30 d late
2021
61 d late
2020
30 d late
2019
92 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€129k▲ 32.5%
2024 · €98k
2018: €41k
2019: €66k
2020: €66k
2021: €101k
2022: €112k
2023: €116k
2024: €98k
2018 → 2025
Total assets
€167k▲ 26.2%
2024 · €133k
2018: €123k
2019: €155k
2020: €174k
2021: €219k
2022: €232k
2023: €152k
2024: €133k
2018 → 2025
Net result
€32k
2024 · €-19k
2018: €13k
2019: €24k
2020: €110
2021: €35k
2022: €11k
2023: €4k
2024: €-19k
2018 → 2025
Working capital
€114k▲ 42.9%
2024 · €80k
2018: €61k
2019: €87k
2020: €82k
2021: €108k
2022: €118k
2023: €99k
2024: €80k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€112k▲ 11.0%€116k▲ 3.6%€98k▼ 16.0%€129k▲ 32.5%
Operating result€44k-€16k▼ 63.7%€6k▼ 62.7%€-18k€39k
Net result€35k-€11k▼ 68.7%€4k▼ 63.1%€-19k€32k
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 2025: €39k after a loss of €18k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €167k
Fixed assets
€16k▼ 13.6%
Current assets
€152k▲ 32.4%
Equity and liabilities €167k
Equity
€129k▲ 32.5%
Debt
€38k▲ 8.7%
The debt ratio falls from 26.4% to 22.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €-14k
Cash flow
€37k▲
2024 · €-14k
Solvency
77.2%▲
2024 · 73.6%
Current ratio
3.98▲
2024 · 3.27
Quick ratio
2.50▲
2024 · 1.66
Debt / equity
0.30▼
2024 · 0.36
ROE
24.5%▲
2024 · -19.1%
ROA
18.9%▲
2024 · -14.0%
Interest coverage
172.32▲
2024 · -46.85
Debt
€38k▲
2024 · €35k
Debt ≤ 1 year
€38k▲
2024 · €35k
Income taxes
€9k▲
2024 · €0
Staff costs
€18k▼
2024 · €33k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€133k€167k▲
Fixed assets21/28€18k€16k▼
Tangible fixed assets22/27€17k€15k▼
Land and buildings22€6k€7k▲
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€660€660=
Current assets29/58€115k€152k▲
Stocks and contracts in progress3€57k€57k=
Stocks30/36€57k€57k=
Amounts receivable within one year40/41€9k€18k▲
Trade receivables40€9k€18k▲
Cash at bank and in hand54/58€48k€77k▲
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€133k€167k▲
Equity10/15€98k€129k▲
Contributions10/11€15k€15k=
Reserves13€83k€114k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€81k€112k▲
Amounts payable17/49€35k€38k▲
Amounts payable within one year42/48€35k€38k▲
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€6k€12k▲
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€22k€19k▼
Income statement
Code20242025
Remuneration, social security and pensions62€33k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€314€1k▲
Gross operating margin9900€19k€63k▲
Operating profit (loss)9901€-18k€39k▲
Financial income75/76B€100€2k▲
Recurring financial income75€100€2k▲
Financial charges65/66B€294€258▼
Recurring financial charges65€294€258▼
Profit (loss) for the period before taxes9903€-19k€41k▲
Income taxes67/77€0€9k▲
Profit (loss) for the period9904€-19k€32k▲
Profit (loss) for the period to be appropriated9905€-19k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€32k▲
Transfer from equity791/2€19k€0▼
Transfer to equity691/2€0€32k▲
To other reserves6921€0€32k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-12
Financial
Equity above €100kEq €129k ▲32.5%
Equity rises from €98k to €129k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-19k ▼555%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €35k ▲31991%
Operating result €44k, net result €35k, both a record.
31-12
Financial
Equity above €100kEq €101k ▲54%
4 profitable years in a row build equity to €101k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2010
18-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 2 establishment units since 2007
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.
Tinkstraat 7B9000 GentGround area
668 m²
Building footprint
409 m²
Volume, LiDAR
2,760 m³
2 parcels, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
MANTRA
since 20072.163.340.916
MANTRA
since 20252.381.731.169
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44811L0021/00S023 | Flanders | 465 m² | 1 · 206 m² | 13.1 m · 4 fl. |
| 44816K0522/00D006 | Flanders | 203 m² | 1 · 203 m² | 9.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FIETSEN FRANSSENS
BE 0544.530.185
Schelle · Eq €129k
STS
BE 0552.809.928
Aarschot · Eq €129k
TOP BIKE
BE 0444.212.983
Mouscron · Eq €128k
ALIVER
BE 0841.207.061
Veurne · Eq €128k
VANDEWALLE CYCLE
BE 0466.494.378
Lendelede · Eq €128k
Of 1,467 companies in sector 47632 we hold annual accounts for 733. 639 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-06-2007
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
52492
52740
71111Activities of building architects
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.