Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Mandaco is 0.5% (very low). The 2024 annual accounts show equity of €57k and a net result of €55k. Its solvency ranks better than 36% of 12464 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.5%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€55k
Working capital€57k+1073.9%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 17-07-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 44.7% | 60.6% | |
| Net result | €55k | €31k | |
| Equity | €57k | €63k | |
| Gross operating margin | €68k | €52k | |
| Total assets | €128k | €124k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€55k
-
23-24
€128k
+1142.7%
23-24
€57k
+1073.9%
23-24
€57k
+1073.9%
23-24
€11k
-
23-24
€2k
-
23-24
€71k
+1204.5%
23-24
€71k
+1204.5%
23-24
1.81
-4.7%
23-24
1.81
-4.7%
23-24
44.7%
-5.5%
23-24
1.23
+11.1%
23-24
95.7%
-
23-24
42.8%
-
23-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €55k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €11k |
| Dividends | €2k |
| Total assets | €128k |
| Equity | €57k |
| Debt | €71k |
| of which ≤ 1y | €71k |
| of which > 1y | - |
| Working capital | €57k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.81 |
| Quick ratio | 1.81 |
| Working capital ratio | 44.7% |
| Solvency | 44.7% |
| Debt / equity | 1.23 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 42.8% |
| ROE | 95.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €128k |
| Current assets | 29/58 | €128k |
| Amounts receivable within one year | 40/41 | €80k |
| Cash & bank | 54/58 | €48k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €128k |
| Equity | 10/15 | €57k |
| Contributions / capital | 10/11 | €15k |
| Reserves | 13 | €30k |
| Accumulated profits (losses) | 14 | €12k |
| Amounts payable | 17/49 | €71k |
| Amounts payable within one year | 42/48 | €71k |
| Trade debts payable within one year | 44 | €22k |
| Income statement | ||
| Gross operating margin | 9900 | €68k |
| Operating result | 9901 | €68k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €66k |
| Income taxes | 67/77 | €11k |
| Net result for the period | 9904 | €55k |
| Result to be appropriated | 9905 | €55k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2024 · computed86
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Connections & network
5 connected companiesGroup structure
Subsidiary · 1 location
→
Subsidiary · 1 location
→
Subsidiary · 1 location
→
Subsidiary · 1 location
→
Subsidiary · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationMandaco
since 20222.336.594.297
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area646 m²
Buildings1
Building footprint109 m²
Volume (LiDAR)583 m³
Tallest building8.1 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23056B0022/00Y000 | Flanders | 646 m² | 1 · 109 m² | 8.1 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgian State Gazette · acts
No structured acts for this company yet
That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.
Analysis
Snowflake analysis
financial profile on 5 axes89
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
100
Solvency
85
Growth
78
Stability
94
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verdict per customer and amountSimilar
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Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | Mandaco |
Registered office
Vaartstraat 9
1880 Kapelle-op-den-Bos, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.