MANDOLINE
ActiveSummary
MANDOLINE has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.69M and a net result of €421k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 70% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+2
Solvency81▼-19
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity short (current ratio 0.95 against 44.65 in 2024; short-term debt: 43.8% and cash: 0.1% of total assets), and 43.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
56.2%
Return on assets
8.8%
Age of the figures
9 mo
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
37 d early
2023
56 d early
2022
30 d late
2021
12 d late
2020
9 d early
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.69M▼ 38.1%
2024 · €4.34M
2018: €4.22M
2019: €4.42M
2020: €4.67M
2021: €5.02M
2022: €4.57M
2023: €4.02M
2024: €4.34M
2018 → 2025
Total assets
€4.79M▲ 8.1%
2024 · €4.43M
2018: €6.42M
2019: €5.81M
2020: €5.80M
2021: €5.65M
2022: €5.47M
2023: €5.09M
2024: €4.43M
2018 → 2025
Net result
€421k▲ 29.1%
2024 · €326k
2018: €19k
2019: €200k
2020: €244k
2021: €357k
2022: €254k
2023: €448k
2024: €326k
2018 → 2025
Working capital
€-96k
2024 · €1.54M
2018: €2.62M
2019: €812k
2020: €1.25M
2021: €1.77M
2022: €1.49M
2023: €1.18M
2024: €1.54M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.02M-€4.57M▼ 9.1%€4.02M▼ 12.0%€4.34M▲ 8.1%€2.69M▼ 38.1%
Operating result€426k-€271k▼ 36.5%€526k▲ 94.5%€374k▼ 28.8%€493k▲ 31.7%
Net result€357k-€254k▼ 28.9%€448k▲ 76.3%€326k▼ 27.2%€421k▲ 29.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.79M
Fixed assets
€2.79M ▼ 2.6%
Current assets
€2.00M ▲ 27.4%
Equity and liabilities €4.79M
Equity
€2.69M ▼ 38.1%
Debt
€2.10M ▲ 2,299%
Debt's share of the balance-sheet total rises from 2.0% to 43.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€567k▲
2024 · €492k
Cash flow
€495k▲
2024 · €444k
Current ratio
0.95▼
2024 · 44.65
Debt to equity
0.78▲
2024 · 0.02
ROE
15.6%▲
2024 · 7.5%
ROA
8.8%▲
2024 · 7.4%
Interest coverage
990.25▲
2024 · 330.87
Debt ≤ 1 year
€2.10M▲
2024 · €35k
Income taxes
€141k▲
2024 · €109k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.43M€4.79M▲
Fixed assets21/28€2.86M€2.79M▼
Tangible fixed assets22/27€2.86M€2.79M▼
Land and buildings22€2.78M€2.72M▼
Furniture and vehicles24€545€346▼
Other tangible fixed assets26€78k€67k▼
Current assets29/58€1.57M€2.00M▲
Amounts receivable within one year40/41€1.45M€1.93M▲
Trade receivables40-€144
Other amounts receivable41€1.45M€1.93M▲
Cash at bank and in hand54/58€60k€5k▼
Deferred charges and accrued income490/1€62k€69k▲
Equity and liabilities
Total equity and liabilities10/49€4.43M€4.79M▲
Equity10/15€4.34M€2.69M▼
Contributions10/11€2.20M€2.20M=
Capital10€2.20M€2.20M=
Issued capital100€2.20M€2.20M=
Revaluation surpluses12€11k€11k=
Reserves13€478k€478k=
Non-distributable reserves130/1€220k€220k=
Legal reserve130€220k€220k=
Tax-exempt reserves132€10k€10k=
Distributable reserves133€248k€248k=
Profit (loss) carried forward14€1.65M€229▼
Amounts payable17/49€88k€2.10M▲
Amounts payable within one year42/48€35k€2.10M▲
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€31k€15k▼
Taxes450/3€31k€15k▼
Other amounts payable47/48-€2.08M
Accrued charges and deferred income492/3€52k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€118k€74k▼
Other operating charges640/8€43k€44k▲
Gross operating margin9900€535k€611k▲
Operating profit (loss)9901€374k€493k▲
Financial income75/76B€62k€69k▲
Recurring financial income75€62k€69k▲
Financial charges65/66B€1k€573▼
Recurring financial charges65€1k€573▼
Profit (loss) for the period before taxes9903€435k€561k▲
Income taxes67/77€109k€141k▲
Profit (loss) for the period9904€326k€421k▲
Profit (loss) for the period to be appropriated9905€326k€421k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.65M€2.08M▲
Profit (loss) brought forward from the previous period14P€1.33M€1.65M▲
Profit to be distributed694/7-€2.08M
Return on contributions (dividend)694-€2.08M
The notes to these accounts (4 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 21current ratio 44.65
Current ratio from 2.17 to 44.65; short-term debt falls from €1.01M to €35k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €448k ▲76.3%
Operating result €526k, net result €448k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Equity above €5MEq €5.02M ▲7.6%
4 profitable years in a row build equity to €5.02M.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 43 days late
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, Antwerpen · 1 establishment unit since 1967
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.
Jodenstraat 102000 AntwerpenGround area
1,213 m²
Building footprint
391 m²
Volume, LiDAR
3,535 m³
Parcel 11803C1204/00K000, Flanders · tallest building 17.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MANDOLINE
since 19672.103.853.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1204/00K000 | Flanders | 1,213 m² | 1 · 391 m² | 17.4 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.
Similar companies · same sector, comparable size
ESPACE GUILLEMINS
BE 0888.847.325
Brussel · Eq €2,688,128
W - INVEST
BE 0451.379.701
Roeselare · Eq €2,695,241
WP-INVEST
BE 0448.940.447
Edegem · Eq €2,696,098
BRUSTAR SOUVERAIN
BE 0443.550.217
Beveren-Kruibeke-Zwijndrecht · Eq €2,697,553
SANDRA
BE 0446.406.668
Beveren-Kruibeke-Zwijndrecht · Eq €2,702,763
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 3,343 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-07-1967
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
47512Retail sale of household textiles and bedding
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.