MANGROVE
ActiveSummary
MANGROVE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €334k and a net result of €14k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 1932 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+2
Solvency88▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.36 against 2.07 in 2023; short-term debt: 15.4% and cash: 0% of total assets), and 36.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 59
Relative position
BE, all sectors
reference
Sector 59
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
54 d late
2022
2 d early
2021
18 d early
2020
35 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€334k▲ 4.4%
2023 · €320k
2018: €257k
2019: €263k
2020: €276k
2021: €300k
2022: €314k
2023: €320k
2018 → 2024
Total assets
€528k▲ 25.7%
2023 · €420k
2018: €370k
2019: €365k
2020: €384k
2021: €389k
2022: €409k
2023: €420k
2018 → 2024
Net result
€14k▲ 147%
2023 · €6k
2018: €-9k
2019: €6k
2020: €14k
2021: €24k
2022: €14k
2023: €6k
2018 → 2024
Working capital
€193k▲ 157%
2023 · €75k
2018: €-31k
2019: €-34k
2020: €-22k
2021: €19k
2022: €49k
2023: €75k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€276k-€300k▲ 8.5%€314k▲ 4.6%€320k▲ 1.8%€334k▲ 4.4%
Operating result€24k-€37k▲ 51.5%€21k▼ 42.5%€10k▼ 50.3%€21k▲ 101%
Net result€14k-€24k▲ 70.6%€14k▼ 41.0%€6k▼ 59.3%€14k▲ 147%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 101% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €528k
Fixed assets
€254k ▼ 7.6%
Current assets
€274k ▲ 88.8%
Equity and liabilities €528k
Equity
€334k ▲ 4.4%
Provisions
€28k ▼ 6.3%
Debt
€166k ▲ 137%
Debt's share of the balance-sheet total rises from 16.7% to 31.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▲
2023 · €33k
Cash flow
€36k▲
2023 · €28k
Current ratio
3.36▲
2023 · 2.07
Debt to equity
0.50▲
2023 · 0.22
ROE
4.2%▲
2023 · 1.8%
ROA
2.6%▲
2023 · 1.3%
Interest coverage
23.23▲
2023 · 11.30
Debt ≤ 1 year
€82k▲
2023 · €70k
Debt > 1 year
€85k
Income taxes
€7k▲
2023 · €4k
Staff costs
€2k▲
2023 · €854
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 · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€420k€528k▲
Fixed assets21/28€275k€254k▼
Tangible fixed assets22/27€275k€254k▼
Land and buildings22€144k€131k▼
Plant, machinery and equipment23€1k€617▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€127k€120k▼
Financial fixed assets28€87€87=
Current assets29/58€145k€274k▲
Amounts receivable within one year40/41€136k€273k▲
Trade receivables40€12k€124k▲
Other amounts receivable41€125k€150k▲
Cash at bank and in hand54/58€99€99▲
Deferred charges and accrued income490/1€9k€802▼
Equity and liabilities
Total equity and liabilities10/49€420k€528k▲
Equity10/15€320k€334k▲
Contributions10/11€6k€6k=
Reserves13€219k€233k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132€58k€54k▼
Distributable reserves133€160k€179k▲
Profit (loss) carried forward14€94k€94k=
Provisions and deferred taxes16€30k€28k▼
Deferred taxes168€30k€28k▼
Amounts payable17/49€70k€166k▲
Amounts payable after more than one year17-€85k
Financial debts170/4-€85k
Amounts payable within one year42/48€70k€82k▲
Current portion of amounts payable after more than one year42-€15k
Financial debts43€11k€6k▼
Credit institutions430/8€11k€6k▼
Trade debts44€30k€30k▲
Suppliers440/4€30k€30k▲
Advances received on contracts in progress46€19k€19k=
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€8k€10k▲
Remuneration and social security454/9€854-
Other amounts payable47/48€2k€2k=
Income statement
Code20232024
Non-recurring operating income76A-€11k
Remuneration, social security and pensions62€854€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▼
Other operating charges640/8€2k€7k▲
Gross operating margin9900€35k€51k▲
Operating profit (loss)9901€10k€21k▲
Financial income75/76B€1€1▲
Recurring financial income75€1€1▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€8k€19k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€4k€7k▲
Profit (loss) for the period9904€6k€14k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€9k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€104k€112k▲
Profit (loss) brought forward from the previous period14P€94k€94k=
Transfer to equity691/2€9k€18k▲
To other reserves6921€9k€18k▲
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-12
Financial
Highest result since 2018net €24k ▲70.6%
Operating result €37k, net result €24k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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 1999
Ground area
1,219 m²
Building footprint
493 m²
Volume, LiDAR
3,447 m³
2 parcels, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
De Schom 100, 3600 Genk
since 19992.064.611.643
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71305F1344/00K092 | Flanders | 777 m² | 1 · 109 m² | 6.5 m · 2 fl. |
| 11012A0026/00B003 | Flanders | 442 m² | 1 · 384 m² | 12.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 646 EUR awarded · 515 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 128 EUR | 0 EUR |
| 2024 | 1 | 280 EUR | 277 EUR |
| 2022 | 1 | 238 EUR | 238 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 594 companies in sector 59203 we hold annual accounts for 195. 130 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 formPrivate limited company
Founded22-11-1993
Fiscal year end31-12
Activities, NACEBEL 2025
59203Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.