MANTRACO
ActiveMANTRACO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.05M and a net result of €109k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 2692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 33.27 against 60.16 in 2024; short-term debt: 1.6% and cash: 4.3% of total assets), and 2.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
97.8%
Return on assets
3.5%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
29 d early
2023
27 d early
2022
36 d early
2021
34 d early
2020
38 d early
2019
40 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.05M▲ 3.7%
2024 · €2.94M
2018: €1.26M
2019: €1.99M
2020: €2.53M
2021: €2.80M
2022: €3.09M
2023: €3.12M
2024: €2.94M
2018 → 2025
Total assets
€3.12M▲ 3.8%
2024 · €3.00M
2018: €2.28M
2019: €2.99M
2020: €3.55M
2021: €3.02M
2022: €3.28M
2023: €3.20M
2024: €3.00M
2018 → 2025
Net result
€109k▲ 499%
2024 · €18k
2018: €325k
2019: €736k
2020: €532k
2021: €271k
2022: €292k
2023: €32k
2024: €18k
2018 → 2025
Working capital
€1.56M▼ 1.2%
2024 · €1.58M
2018: €998k
2019: €1.82M
2020: €1.72M
2021: €2.61M
2022: €2.88M
2023: €2.66M
2024: €1.58M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.80M-€3.09M▲ 10.4%€3.12M▲ 1.0%€2.94M▼ 5.8%€3.05M▲ 3.7%
Operating result€299k-€40k▼ 86.6%€35k▼ 11.4%€15k▼ 58.5%€155k▲ 948%
Net result€271k-€292k▲ 8.0%€32k▼ 89.2%€18k▼ 42.7%€109k▲ 499%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 948% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.12M
Fixed assets
€1.50M▲ 8.0%
Current assets
€1.61M▲ 0.2%
Equity and liabilities €3.12M
Equity
€3.05M▲ 3.7%
Debt
€69k▲ 9.4%
The debt ratio rises from 2.1% to 2.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€189k▲
2024 · €44k
Cash flow
€143k▲
2024 · €48k
Solvency
97.8%▼
2024 · 97.9%
Current ratio
33.27▼
2024 · 60.16
Quick ratio
33.27▼
2024 · 60.16
Debt / equity
0.02▲
2024 · 0.02
ROE
3.6%▲
2024 · 0.6%
ROA
3.5%▲
2024 · 0.6%
Interest coverage
20.15▼
2024 · 37.50
Debt
€69k▲
2024 · €63k
Debt ≤ 1 year
€48k▲
2024 · €27k
Debt > 1 year
€20k▼
2024 · €36k
Income taxes
€36k▲
2024 · €1k
Staff costs
€13k▲
2024 · €13k
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€3.00M€3.12M▲
Fixed assets21/28€1.39M€1.50M▲
Tangible fixed assets22/27€17k€128k▲
Plant, machinery and equipment23€5k€1k▼
Furniture and vehicles24€12k€127k▲
Financial fixed assets28€1.38M€1.38M▲
Current assets29/58€1.61M€1.61M▲
Amounts receivable within one year40/41€1.56M€1.48M▼
Trade receivables40€18k-
Other amounts receivable41€1.54M€1.48M▼
Cash at bank and in hand54/58€51k€134k▲
Equity and liabilities
Total equity and liabilities10/49€3.00M€3.12M▲
Equity10/15€2.94M€3.05M▲
Contributions10/11€200k€200k=
Reserves13€2.74M€2.85M▲
Tax-exempt reserves132€23k€23k=
Distributable reserves133€2.72M€2.83M▲
Amounts payable17/49€63k€69k▲
Amounts payable after more than one year17€36k€20k▼
Financial debts170/4€36k€20k▼
Amounts payable within one year42/48€27k€48k▲
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€975€1k▲
Suppliers440/4€975€1k▲
Taxes, remuneration and social security45€10k€31k▲
Taxes450/3€10k€31k▲
Income statement
Code20242025
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€13k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€35k▲
Other operating charges640/8€118€120▲
Gross operating margin9900€58k€203k▲
Operating profit (loss)9901€15k€155k▲
Financial income75/76B€6k-
Recurring financial income75€6k-
Financial charges65/66B€1k€9k▲
Recurring financial charges65€1k€9k▲
Profit (loss) for the period before taxes9903€20k€145k▲
Income taxes67/77€1k€36k▲
Profit (loss) for the period9904€18k€109k▲
Profit (loss) for the period to be appropriated9905€18k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€109k▲
Transfer from equity791/2€200k-
Transfer to equity691/2€18k€109k▲
To other reserves6921€18k€109k▲
Profit to be distributed694/7€200k-
Return on contributions (dividend)694€200k-
The notes to these accounts (12 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €18k ▼42.7%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 93.30
Current ratio from 24.59 to 93.30; short-term debt falls from €122k to €29k.
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 7current ratio 19.92
Current ratio from 2.85 to 19.92; short-term debt falls from €927k to €138k.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2MEq €2.53M ▲26.7%
3 profitable years in a row build equity to €2.53M.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 40 days late
2019
31-12
Financial
Highest result since 2018net €736k ▲126%
Operating result €862k, net result €736k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Kapellen · 1 establishment unit since 2013
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.
Energielaan 162950 KapellenGround area
3,158 m²
Building footprint
1,125 m²
Volume, LiDAR
6,951 m³
Parcel 11023K0007/00Y026, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mantraco
since 20132.219.923.192
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023K0007/00Y026 | Flanders | 3,158 m² | 1 · 1,125 m² | 7.2 m · 2 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.
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 405 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-2013
Fiscal year end31-12
Activities, NACEBEL
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.