ACTIVE

MANDARIN

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Financial year 2025 · closed on 31/12/2025

Net result

-40,8 k €

-289.2% YoY

Gross margin

14,4 k €

-81.1% YoY

Equity

93,6 k €

-30.3% YoY

What does MANDARIN do?

MANDARIN is a Private company with limited liability incorporated in 1992. Its main activity is: Camping grounds, recreational vehicle parks and trailer parks. Its registered office is in Affligem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.493.671

Incorporation

24/01/1992

Legal form

Private company with limited liability

Registered office

Brusselbaan 155
1790 Affligem · FlandreSee on map

Contributed capital

140 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

55301Camping grounds, recreational vehicle parks and trailer parks· main 56101Restaurants and mobile food service activities 56111Restaurants and mobile food service activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	14,4 k €	-81.1%	76,1 k €	+24.0%	61,4 k €	+321%	14,6 k €	-79.7%	71,8 k €	+91.6%	37,5 k €	-30.3%	53,8 k €	+15.5%	46,6 k €	+24.5%	37,4 k €	+6.2%	35,2 k €	-14.9%	41,4 k €	-1.1%	41,8 k €	+8.0%	38,7 k €	-9.2%	42,6 k €	+3.6%	41,1 k €	-10.1%	45,7 k €	+1.4%	45,1 k €	+0.1%	45,1 k €	+11.6%	40,4 k €	-14.6%	47,3 k €
EBITDA	-25,8 k €	-157%	45,1 k €	+34.7%	33,4 k €	+1288%	-2,8 k €	-109%	31,1 k €	+406%	6,1 k €	-44.6%	11,1 k €	-8.9%	12,2 k €	+399%	2,4 k €	+41.4%	1,7 k €	-81.3%	9,2 k €	-1.4%	9,4 k €	+3.7%	9 k €	-14.1%	10,5 k €	-0.7%	10,6 k €	-42.6%	18,4 k €	+26.8%	14,5 k €	-17.1%	17,5 k €	+63.8%	10,7 k €	+42.2%	7,5 k €
Operating result	-39,8 k €	-226%	31,7 k €	+42.6%	22,2 k €	+260%	-13,9 k €	-163%	22,1 k €	+782%	2,5 k €	-69.6%	8,2 k €	-14.2%	9,6 k €	+4799%	196 €	+119%	-1 k €	-116%	6,7 k €	-9.5%	7,4 k €	+6.0%	7 k €	+348%	1,6 k €	+17.3%	1,3 k €	-85.3%	9 k €	+109%	4,3 k €	-39.7%	7,1 k €	+17.3%	6,1 k €	+52.1%	4 k €
Net result	-40,8 k €	-289%	21,6 k €	+9.0%	19,8 k €	+231%	-15,1 k €	-172%	20,8 k €	+1089%	1,7 k €	-74.8%	6,9 k €	-16.8%	8,3 k €	+1116%	-821 €	+64.4%	-2,3 k €	-141%	5,7 k €	-13.6%	6,6 k €	+12.1%	5,9 k €	+873%	603 €	+204%	-580 €	-109%	6,8 k €	+998%	617 €	-86.7%	4,6 k €	-8.7%	5,1 k €	+97.9%	2,6 k €
Balance sheet
Equity	93,6 k €	-30.3%	134,3 k €	+19.1%	112,8 k €	+21.3%	93 k €	-13.9%	108,1 k €	+23.8%	87,3 k €	+2.0%	85,5 k €	+8.8%	78,6 k €	+11.9%	70,3 k €	-1.2%	71,1 k €	-3.1%	73,4 k €	+8.4%	67,7 k €	+10.8%	61,1 k €	+10.6%	55,3 k €	+1.1%	54,7 k €	+5.1%	52 k €	+15.0%	45,2 k €	+1.4%	44,6 k €	+11.6%	40 k €	+14.5%	34,9 k €
Total assets	109,1 k €	-30.3%	156,4 k €	+22.2%	128 k €	+19.9%	106,8 k €	-8.2%	116,4 k €	+19.2%	97,6 k €	-4.0%	101,7 k €	+15.8%	87,8 k €	+10.2%	79,7 k €	-3.7%	82,8 k €	+5.2%	78,7 k €	+3.8%	75,8 k €	+7.7%	70,4 k €	+10.6%	63,6 k €	-11.9%	72,2 k €	-5.0%	76,1 k €	-4.8%	79,9 k €	-5.1%	84,2 k €	+57.5%	53,5 k €	+24.2%	43,1 k €
Cash	61,4 k €	-36.3%	96,4 k €	+57.7%	61,1 k €	+86.0%	32,8 k €	-18.8%	40,5 k €	-10.7%	45,3 k €	-21.5%	57,7 k €	+33.2%	43,3 k €	+17.0%	37,1 k €	-4.1%	38,6 k €	+21.9%	31,7 k €	-13.5%	36,7 k €	+19.8%	30,6 k €	+12.7%	27,2 k €	+24.6%	21,8 k €	+7.9%	20,2 k €	+11.7%	18,1 k €	+20.8%	15 k €	+21.0%	12,4 k €	+103%	6,1 k €
Debts	15,5 k €	-29.7%	22,1 k €	+45.0%	15,2 k €	+10.6%	13,8 k €	+65.8%	8,3 k €	-19.7%	10,3 k €	-36.0%	16,1 k €	+76.0%	9,2 k €	-2.6%	9,4 k €	-19.5%	11,7 k €	+121%	5,3 k €	-34.7%	8,1 k €	+0.4%	8,1 k €	-3.8%	8,4 k €	-52.3%	17,6 k €	-27.0%	24,1 k €	-30.5%	34,6 k €	-12.5%	39,6 k €	+194%	13,5 k €	+65.7%	8,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,9 ETP	0.0%	0,9 ETP	+12.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-55.6%	1,8 ETP	+80.0%	1,0 ETP	-9.1%	1,1 ETP	+22.2%	0,9 ETP	-10.0%	1,0 ETP	-33.3%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Lai Chun Chan

Manager

Active

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2026	21/05/2025	04/07/2024	13/07/2023	01/08/2022	12/08/2021
General meeting	05/05/2026	06/05/2025	07/05/2024	09/05/2023	10/05/2022	11/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/05/2026	30/07/2026	Dutch	PDF
Micro model	31/12/2024	06/05/2025	21/05/2025	Dutch	PDF
Micro model	31/12/2023	07/05/2024	04/07/2024	Dutch	PDF
Micro model	31/12/2022	09/05/2023	13/07/2023	Dutch	PDF
Micro model	31/12/2021	10/05/2022	01/08/2022	Dutch	PDF
Micro model	31/12/2020	11/05/2021	12/08/2021	Dutch	PDF
Micro model	31/12/2019	12/05/2020	04/08/2020	Dutch	PDF
Micro model	31/12/2018	14/05/2019	04/07/2019	Dutch	PDF
Micro model	31/12/2017	08/05/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	09/05/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	10/05/2016	18/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	19/08/2014	Dutch	PDF
Abridged model	31/12/2012	02/05/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	04/05/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	05/05/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	06/05/2009	22/07/2009	Dutch	PDF
Abridged model	31/12/2007	07/05/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	25/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Lai Chun Chan

Manager

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/03/2005
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-40,8 k €↓
2024
Annual accounts 202421,6 k €↑
2023
Annual accounts 202319,8 k €↑
2022
Annual accounts 2022-15,1 k €↓
2021
Annual accounts 202120,8 k €↑
2020
Annual accounts 20201,7 k €↓
2019
Annual accounts 20196,9 k €↓
2018
Annual accounts 20188,3 k €↑
2017
Annual accounts 2017-821 €↑
2016
Annual accounts 2016-2,3 k €↓
2015
Annual accounts 20155,7 k €↓
2014
Annual accounts 20146,6 k €↑
2013
Annual accounts 20135,9 k €↑
2012
Annual accounts 2012603 €↑
2011
Annual accounts 2011-580 €↓
2010
Annual accounts 20106,8 k €↑
2009
Annual accounts 2009617 €↓
2008
Annual accounts 20084,6 k €↓
2007
Annual accounts 20075,1 k €↑
2006
Annual accounts 20062,6 k €
24/01/1992
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MANDARIN

Overview

What does MANDARIN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline