The Mangrove Connection

Active

Private limited companyfounded 2008active for 17 yearsNagelstraat 29, 8700 Tielt, BelgiumKBO/BCE: BE 0808.808.071

Summary

The Mangrove Connection has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€273,276) and a net result of €22,973, of which €65,000 non-recurring income. Equity is growing by about 3.2% per year across the filed financial years. Its solvency ranks better than 13% of 1,362 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow Report Compare

The Mangrove ConnectionActiveChecked score 55/100

Risk analysis Report Compare

Activity

Pet boarding

NACE 96995

1 site

Size

€336,397total assets 2025

Equity: -€273,276
Profit: €22,973

Turnover not published (abbreviated or micro format)

Financial health

55 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.5%

Structure

2025 accounts 68 days early5 deeds in the Belgian Official Gazette

Why 55raises riskCapped at 59: negative equityNegative equity -€273,276Liquidity: current ratio 0.70, cash €3,666lowers riskSize: total assets €336,397Founded in 2008Show the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 45% of its sector peers (NACE 96, micro)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0=

equity -81.2% of total assets

Liquidity 51+9

short-term debt 7.3% · cash 1.1%

Profitability 77+4

return on assets 6.8%

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (7,611 companies, NACE 96, micro)

Last 24 months 11-2024: 1.7% 12-2024: 1.6%▼ -0.1 percentage points vs 11-2024 01-2025: 1.9%▲ +0.3 percentage points vs 12-2024highest value 02-2025: 1.4%▼ -0.5 percentage points vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 0.5%▼ -0.9 percentage points vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026lowest value 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.7, compared with 0.27 in 2024, below 1; short-term debt: 7.3% and cash: 1.1% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro): better than 11% on solvency, 53% on liquidity, 62% on profitability and 54% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: total assets €336,397

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity -€273,276

NBB · annual accounts

Founded in 2008

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Liquidity: current ratio 0.70, cash €3,666

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1362 sector peers (2025).

NBB · sector comparison

Position among 1362 sector peers

Solvency

better than 13%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-11-2025, 68 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

68 days early

2024

3 days early

2023

on the day

2022

on the day

2021

7 days early

2020

11 days early

2019

92 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 January (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end25-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

24-11-2025 Annual accounts filedfinancial year 2025 · abbreviated…
30-06-2025 Highest result from 2019 to 2025net €22,973 ▲98.4%
28-01-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€273,276 View
Caution: Among the weakest 5% on equitysector median €54,679 · 1,364 companies -€273,276 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 7 profitable years in a rowprofit 2025: €22,973, mostly one-off 7 years View

By topic

Financials

Financial year: 2025
Total assets: €336,397
Profit: €22,973
Solvency: -81.2%

Total assets▼ 12.6%

Net result

20192025

Go to Financials

Timeline

Events: 18
Since: 2011
Next accounts: by 31-01-2027

31-01-2024Annual accounts filed
31-01-2023Annual accounts filed
30-06-2022Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Pet boardingNACE 96995
Founded: 29-12-2008
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Key facts about The Mangrove Connection

What is the company number of The Mangrove Connection?: 0808.808.071. In Belgium the VAT number is the company number with BE in front: BE 0808.808.071.
Where is The Mangrove Connection based?: The registered office is at Nagelstraat 29, 8700 Tielt.Company details
What does The Mangrove Connection do?: According to the KBO register, the main activity is pet boarding (NACE 96995).
What is the legal form of The Mangrove Connection?: Private limited company (BV).
When was The Mangrove Connection founded?: On 29-12-2008.
Is The Mangrove Connection still active?: Yes, The Mangrove Connection is an active enterprise in the KBO register.
What is the turnover of The Mangrove Connection?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is The Mangrove Connection profitable?: In financial year 2025, The Mangrove Connection made a profit of €22,973.
Where can I find the annual accounts of The Mangrove Connection?: The Mangrove Connection filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of The Mangrove Connection due?: By 31-01-2027, for financial year 2026.Timeline