MORDANT
ActiveMORDANT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €643k and a net result of €-52k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 46% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-3
Solvency76▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 1.91 in 2024; short-term debt: 7.7% and cash: 0.1% of total assets), and 49.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-52k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
42 d early
2023
54 d late
2022
24 d late
2021
25 d early
2020
54 d early
2019
25 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-52k▲ 10.1%
2024 · €-58k
2018: €419
2019: €10k
2020: €28k
2021: €36k
2022: €-3k
2023: €460k
2024: €-58k
2018 → 2025
Working capital
€186k▼ 25.6%
2024 · €250k
2018: €-170k
2019: €-179k
2020: €-222k
2021: €-259k
2022: €-322k
2023: €352k
2024: €250k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€285k-€287k▲ 0.6%€746k▲ 160%€695k▼ 6.9%€643k▼ 7.5%
Operating result€50k-€11k▼ 77.3%€593k▲ 5,138%€-47k€-53k▼ 12.8%
Net result€36k-€-3k€460k€-58k€-52k▲ 10.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €53k in 2025 against €47k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€984k▼ 4.7%
Current assets
€283k▼ 46.1%
Equity and liabilities €1.27M
Equity
€643k▼ 7.5%
Provisions
€78k▼ 5.8%
Debt
€546k▼ 29.9%
The debt ratio falls from 50.1% to 43.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €23k
Cash flow
€16k▲
2024 · €12k
Solvency
50.7%▲
2024 · 44.6%
Current ratio
2.92▲
2024 · 1.91
Quick ratio
2.92▲
2024 · 1.91
Debt / equity
0.85▼
2024 · 1.12
ROE
-8.1%▲
2024 · -8.4%
ROA
-4.1%▼
2024 · -3.7%
Interest coverage
0.66▼
2024 · 1.00
Debt
€546k▼
2024 · €780k
Debt ≤ 1 year
€97k▼
2024 · €275k
Debt > 1 year
€449k▼
2024 · €505k
Income taxes
€-2k▼
2024 · €3k
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€1.56M€1.27M▼
Fixed assets21/28€1.03M€984k▼
Tangible fixed assets22/27€1.03M€982k▼
Land and buildings22€998k€964k▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€28k€18k▼
Leasing and similar rights25€4k€0▼
Financial fixed assets28€3k€3k=
Current assets29/58€525k€283k▼
Amounts receivable within one year40/41€69k€277k▲
Trade receivables40€64k€12k▼
Other amounts receivable41€5k€266k▲
Current investments50/53€450k€0▼
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.27M▼
Equity10/15€695k€643k▼
Contributions10/11€12k€12k=
Reserves13€681k€667k▼
Tax-exempt reserves132€248k€234k▼
Distributable reserves133€433k€433k=
Profit (loss) carried forward14€2k€-36k▼
Provisions and deferred taxes16€83k€78k▼
Deferred taxes168€83k€78k▼
Amounts payable17/49€780k€546k▼
Amounts payable after more than one year17€505k€449k▼
Financial debts170/4€505k€449k▼
Amounts payable within one year42/48€275k€97k▼
Current portion of amounts payable after more than one year42€71k€57k▼
Financial debts43€6k€0▼
Credit institutions430/8€6k€0▼
Trade debts44€44k€14k▼
Suppliers440/4€44k€14k▼
Taxes, remuneration and social security45€18k€0▼
Taxes450/3€18k€0▼
Remuneration and social security454/9-€0
Other amounts payable47/48€136k€25k▼
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€68k▼
Other operating charges640/8€7k€8k▲
Non-recurring operating charges66A-€570
Gross operating margin9900€30k€24k▼
Operating profit (loss)9901€-47k€-53k▼
Financial income75/76B€11k€17k▲
Recurring financial income75€11k€17k▲
Financial charges65/66B€23k€23k▼
Recurring financial charges65€23k€23k▼
Profit (loss) for the period before taxes9903€-60k€-59k▲
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€3k€-2k▼
Profit (loss) for the period9904€-58k€-52k▲
Transfer from tax-exempt reserves789€14k€14k=
Profit (loss) for the period to be appropriated9905€-44k€-38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-36k▼
Profit (loss) brought forward from the previous period14P€46k€2k▼
The notes to these accounts (9 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-58k ▼113%
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Back to profitnet €460k
Net result €460k after one loss-making year.
31-12
Financial
Liquidity times 20current ratio 2.25
Current ratio from 0.11 to 2.25; short-term debt falls from €363k to €282k.
31-12
Financial
Equity above €500kEq €746k ▲160%
Equity rises from €287k to €746k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Donceel · 1 establishment unit since 2000
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.
Rue Caquin 414357 DonceelGround area
2,728 m²
Building footprint
104 m²
Volume, LiDAR
1,068 m³
Parcel 64033A0082/00D002, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Caquin 41, 4357 Donceel
since 20002.093.525.858
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64033A0082/00D002 | Wallonia | 2,728 m² | 1 · 104 m² | 11.8 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.
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Pharmacie MOUCHET
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ALEZAN INC
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 32,421 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-1999
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
47210Retail sale of fruit and vegetables
47810Retail trade
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.