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MANSOE

Active
Private limited companyfounded 200025 yrs activeTorhoutsesteenweg 369, 8210 Zedelgem, BelgiumKBO/BCE: BE 0473.702.072

MANSOE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 19344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
51 / 100
Fair▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency8▲+4
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.14 in 2023), and 87.8% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 25 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
12.2%
Return on assets
6.7%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €36k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
2 d early
2023
28 d early
2022
34 d early
2021
34 d early
2020
46 d early
2019
32 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity
€36k▲ 121%
2023 · €16k
2018: €33k 2019: €-2k 2020: €-2k 2021: €-7k 2022: €6k 2023: €16k
2018 → 2024
Total assets
€297k▼ 3.1%
2023 · €306k
2018: €129k 2019: €392k 2020: €366k 2021: €345k 2022: €328k 2023: €306k
2018 → 2024
Net result
€20k▲ 90.8%
2023 · €10k
2018: €-6k 2019: €-30k 2020: €-43 2021: €-4k 2022: €13k 2023: €10k
2018 → 2024
Working capital
€-167k▲ 0.4%
2023 · €-168k
2018: €-57k 2019: €-195k 2020: €-186k 2021: €-193k 2022: €-184k 2023: €-168k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€-2k-€-7k▼ 201%€6k€16k▲ 173%€36k▲ 121%
Operating result€3k-€-2k€11k€12k▲ 17.7%€21k▲ 73.2%
Net result€-43-€-4k▼ 10,378%€13k€10k▼ 18.1%€20k▲ 90.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-10k€0€10k€20kOperating result 2020: €3k€3kNet result 2020: €-43€-43Operating result 2021: €-2k€-2kNet result 2021: €-4k€-4kOperating result 2022: €11k€11kNet result 2022: €13k€13kOperating result 2023: €12k€12kNet result 2023: €10k€10kOperating result 2024: €21k€21kNet result 2024: €20k€20k20202021202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 73% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €297k
Fixed assets €278k▼ 0.2%
Current assets €19k▼ 31.6%
Equity and liabilities €297k
Equity €36k▲ 121%
Debt €261k▼ 10.1%
The debt ratio falls from 94.7% to 87.8%: equity grows while debt is paid down.
Key figures and ratios
2024 value · change against 2023
EBITDA
€36k
2023 · €37k
Cash flow
€34k
2023 · €35k
Solvency
12.2%
2023 · 5.3%
Current ratio
0.10
2023 · 0.14
Quick ratio
0.10
2023 · 0.14
Debt / equity
7.21
2023 · 17.71
ROE
54.8%
2023 · 63.4%
ROA
6.7%
2023 · 3.4%
Interest coverage
22.34
2023 · 18.05
Debt
€261k
2023 · €290k
Debt ≤ 1 year
€186k
2023 · €195k
Debt > 1 year
€75k
2023 · €94k
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 · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€306k€297k
Fixed assets21/28€279k€278k
Tangible fixed assets22/27€279k€278k
Land and buildings22€277k€271k
Plant, machinery and equipment23€2k€2k
Furniture and vehicles24€0€5k
Current assets29/58€28k€19k
Amounts receivable within one year40/41€22k€10k
Trade receivables40€22k€10k
Other amounts receivable41€13€0
Cash at bank and in hand54/58€3k€5k
Deferred charges and accrued income490/1€3k€3k
Equity and liabilities
Total equity and liabilities10/49€306k€297k
Equity10/15€16k€36k
Contributions10/11€19k€19k=
Reserves13€24k€24k=
Non-distributable reserves130/1€250€0
Reserves not available under the articles1311€250€0
Tax-exempt reserves132€2k€2k=
Distributable reserves133€21k€21k
Profit (loss) carried forward14€-26k€-6k
Amounts payable17/49€290k€261k
Amounts payable after more than one year17€94k€75k
Financial debts170/4€94k€75k
Amounts payable within one year42/48€195k€186k
Current portion of amounts payable after more than one year42€18k€20k
Trade debts44€8k€11k
Suppliers440/4€8k€11k
Taxes, remuneration and social security45€2k€3k
Taxes450/3€2k€3k
Other amounts payable47/48€167k€153k
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€15k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€7k€8k
Gross operating margin9900€44k€47k
Operating profit (loss)9901€12k€21k
Financial income75/76B€88€11
Recurring financial income75€88€11
Non-recurring financial income76B€0-
Financial charges65/66B€2k€2k
Recurring financial charges65€2k€2k
Profit (loss) for the period before taxes9903€10k€20k
Profit (loss) for the period9904€10k€20k
Profit (loss) for the period to be appropriated9905€10k€20k
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-6k
Profit (loss) brought forward from the previous period14P€-37k€-26k

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
29-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €20k ▲90.8%
Operating result €21k, net result €20k, both a record.
03-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €13k
Net result €13k after 4 loss-making years.
27-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
01-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
23-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
1 act for this company is 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, Zedelgem · 1 establishment unit since 2001
establishment The establishment unit on the map
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.

Torhoutsesteenweg 3698210 Zedelgem
Ground area
3,699 m²
Building footprint
1,587 m²
Volume, LiDAR
8,978 m³
2 parcels, Flanders · tallest building 15.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Peerdenstraat 8, 8000 Brugge
NACE 65231
since 20012.116.266.618
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31036F0587/00H000 Flanders 3,664 m² 1 · 1,545 m² 6.6 m · 2 fl.
31802B0938/00B000
ProtectedMonument · Townscape or village viewBurgerhuisSource ↗
Flanders 35 m² 1 · 42 m² 15.1 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Similar companies · same sector, comparable size

Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 2,897 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded26-12-2000
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.