Mandi
0446.539.696 · rovalta.com · 22/09/2026
ACTIVE
Mandi
Financial year 2025 · closed on 31/12/2025
Net result
-96,9 k €
-94.3% YoY
Gross margin
163,9 k €
-29.7% YoY
Equity
126 k €
-43.5% YoY
Overview
What does Mandi do?
Mandi is a Private limited company incorporated in 1992. Its main activity is: Specialised construction activities. Its registered office is in Boussu.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0446.539.696
Incorporation
28/01/1992
Legal form
Private limited company
Registered office
Rue du Moulin de Briques(B) 52
7300 Boussu · WallonieSee on map
7300 Boussu · WallonieSee on map
Contributed capital
198 592,00 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (2)
- 124
- 218
Signals
Solid equityGood liquidityHealthy social debts
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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 | 163,9 k € | -29.7% | 232,9 k € | -30.3% | 334,2 k € | -0.3% | 335,2 k € | +3.0% | 325,4 k € | +11.0% | 293,2 k € | +8.9% | 269,2 k € | +75.9% | 153 k € | -33.8% | 231,2 k € | -45.2% | 422,2 k € | -18.3% | 516,8 k € | +28.9% | 401 k € | +11.5% | 359,6 k € | -26.8% | 491 k € | -7.9% | 533,1 k € | +39.1% | 383,2 k € | -2.6% | 393,3 k € | -5.4% | 415,8 k € | +15.1% | 361,3 k € | +18.1% | 306 k € |
| EBITDA | -69,1 k € | -122% | -31,2 k € | -140% | 77,8 k € | +28.4% | 60,6 k € | -11.6% | 68,5 k € | -28.1% | 95,3 k € | +87.2% | 50,9 k € | +178% | -65,6 k € | -15.3% | -56,9 k € | -201% | 56,4 k € | -14.3% | 65,9 k € | +47.6% | 44,6 k € | +397% | -15 k € | -133% | 45,6 k € | -50.6% | 92,3 k € | +11.7% | 82,6 k € | +7.8% | 76,6 k € | -4.9% | 80,6 k € | -28.4% | 112,5 k € | +95.4% | 57,6 k € |
| Operating result | -94,8 k € | -97.8% | -47,9 k € | -624% | 9,1 k € | -80.9% | 47,8 k € | -10.7% | 53,5 k € | -37.3% | 85,4 k € | +100% | 42,6 k € | +153% | -80,7 k € | +3.6% | -83,8 k € | -487% | 21,7 k € | -33.5% | 32,6 k € | +143% | 13,4 k € | +128% | -47,5 k € | -409% | 15,3 k € | -72.3% | 55,5 k € | +9.3% | 50,8 k € | +27.9% | 39,7 k € | +1.5% | 39,1 k € | -42.6% | 68,2 k € | +203% | 22,5 k € |
| Net result | -96,9 k € | -94.3% | -49,9 k € | -1101% | 5 k € | -84.7% | 32,6 k € | -29.7% | 46,4 k € | -43.9% | 82,7 k € | +110% | 39,3 k € | +146% | -86,4 k € | -2.4% | -84,4 k € | -624% | 16,1 k € | -43.4% | 28,5 k € | +102% | 14,1 k € | +129% | -48,9 k € | -402% | 16,2 k € | -63.7% | 44,6 k € | +22.9% | 36,3 k € | +16.3% | 31,2 k € | +27.5% | 24,5 k € | -56.9% | 56,7 k € | +343% | 12,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 126 k € | -43.5% | 223 k € | -18.3% | 272,9 k € | +1.9% | 267,9 k € | +13.8% | 235,3 k € | +24.6% | 188,9 k € | +77.9% | 106,2 k € | +58.8% | 66,9 k € | -56.4% | 153,3 k € | -35.5% | 237,6 k € | +7.3% | 221,5 k € | +14.7% | 193,1 k € | +7.9% | 178,9 k € | -27.8% | 247,8 k € | +7.0% | 231,6 k € | +21.8% | 190,2 k € | +21.1% | 157,2 k € | +21.7% | 129,2 k € | +23.4% | 104,7 k € | +118% | 47,9 k € |
| Total assets | 190,2 k € | -30.4% | 273,3 k € | -26.3% | 370,6 k € | -9.4% | 408,9 k € | +17.1% | 349,2 k € | +13.5% | 307,6 k € | +49.7% | 205,4 k € | -7.4% | 221,9 k € | -9.3% | 244,6 k € | -39.2% | 402,6 k € | +28.6% | 313,1 k € | -1.5% | 317,9 k € | -48.7% | 619,4 k € | +72.0% | 360 k € | -15.2% | 424,4 k € | +22.6% | 346,2 k € | +1.7% | 340,3 k € | -6.8% | 365 k € | -9.4% | 403 k € | -4.7% | 422,7 k € |
| Cash | 34,1 k € | -62.4% | 90,5 k € | -37.4% | 144,6 k € | +19.7% | 120,8 k € | +178% | 43,5 k € | -35.1% | 66,9 k € | +29.5% | 51,7 k € | +714% | 6,4 k € | -7.8% | 6,9 k € | -46.1% | 12,8 k € | -70.5% | 43,3 k € | +38.5% | 31,3 k € | -86.8% | 237,6 k € | +532% | 37,6 k € | -68.5% | 119,3 k € | +117% | 55 k € | +92.3% | 28,6 k € | +13.3% | 25,3 k € | -69.1% | 81,9 k € | +22.3% | 67 k € |
| Debts | 59,4 k € | +27.0% | 46,7 k € | -50.9% | 95,2 k € | -30.5% | 137 k € | +24.8% | 109,8 k € | -4.7% | 115,2 k € | +19.6% | 96,3 k € | -36.5% | 151,6 k € | +67.9% | 90,3 k € | -44.7% | 163,4 k € | +78.5% | 91,6 k € | -26.7% | 124,9 k € | -71.6% | 439,7 k € | +294% | 111,5 k € | -41.4% | 190,4 k € | +26.4% | 150,6 k € | -14.8% | 176,8 k € | -21.7% | 225,7 k € | -21.0% | 285,7 k € | -23.1% | 371,4 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | 9,0 ETP | -6.2% | 9,6 ETP | -2.0% | 9,8 ETP | -5.8% | 10,4 ETP | -1.0% | 10,5 ETP | -2.8% | 10,8 ETP | -18.8% | 13,3 ETP | -11.3% | 15,0 ETP | +15.4% | 13,0 ETP | +8.3% | 12,0 ETP | -7.7% | 13,0 ETP | -7.1% | 14,0 ETP | -6.7% | 15,0 ETP | +66.7% | 9,0 ETP | -23.1% | 11,7 ETP | -1.7% | 11,9 ETP | +21.4% | 9,8 ETP | +1.0% | 9,7 ETP | ||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active
Active mandates
CHRISTIAN LORY
ActiveAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
IMMO CP● Active | 0439.707.433 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Abridged model | Abridged model | Abridged model | Abridged 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 | 15/07/2026 | 18/07/2025 | 27/06/2024 | 20/06/2023 | 20/07/2022 | 22/06/2021 |
| General meeting | 20/06/2026 | 21/06/2025 | 15/06/2024 | 10/06/2023 | 25/06/2022 | 05/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 20/06/2026 | 15/07/2026 | French | |
| Micro model | 31/12/2024 | 21/06/2025 | 18/07/2025 | French | |
| Abridged model | 31/12/2023 | 15/06/2024 | 27/06/2024 | French | |
| Abridged model | 31/12/2022 | 10/06/2023 | 20/06/2023 | French | |
| Abridged model | 31/12/2021 | 25/06/2022 | 20/07/2022 | French | |
| Abridged model | 31/12/2020 | 05/06/2021 | 22/06/2021 | French | |
| Abridged model | 31/12/2019 | 06/06/2020 | 30/06/2020 | French | |
| Abridged model | 31/12/2018 | 08/06/2019 | 02/07/2019 | French | |
| Abridged model | 31/12/2017 | 09/06/2018 | 25/07/2018 | French | |
| Abridged model | 31/12/2016 | 10/06/2017 | 31/08/2017 | French | |
| Abridged model | 31/12/2015 | 23/07/2016 | 30/09/2016 | French | |
| Abridged model | 31/12/2014 | 25/07/2015 | 29/09/2015 | French | |
| Abridged model | 31/12/2013 | 26/07/2014 | 17/10/2014 | French | |
| Abridged model | 31/12/2012 | 27/07/2013 | 28/09/2013 | French | |
| Abridged model | 31/12/2011 | 28/07/2012 | 22/10/2012 | French | |
| Abridged model | 31/12/2010 | 16/07/2011 | 22/11/2011 | French | |
| Abridged model | 31/12/2009 | 10/07/2010 | 26/10/2010 | French | |
| Abridged model | 31/12/2008 | 11/07/2009 | 29/10/2009 | French | |
| Abridged model | 31/12/2007 | 12/07/2008 | 25/09/2008 | French | |
| Abridged model | 31/12/2006 | 07/07/2007 | 24/09/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active
Active mandates
CHRISTIAN LORY
ActiveShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-96,9 k €↓
- 2024Annual accounts 2024-49,9 k €↓
- 2023Annual accounts 20235 k €↓
- 2022Annual accounts 202232,6 k €↓
- 2021Annual accounts 202146,4 k €↓
- 2020Annual accounts 202082,7 k €↑
- 2019Annual accounts 201939,3 k €↑
- 2018Annual accounts 2018-86,4 k €↓
- 2017Annual accounts 2017-84,4 k €↓
- 2016Annual accounts 201616,1 k €↓
- 2015Annual accounts 201528,5 k €↑
- 2014Annual accounts 201414,1 k €↑
- 2013Annual accounts 2013-48,9 k €↓
- 2012Annual accounts 201216,2 k €↓
- 2011Annual accounts 201144,6 k €↑
- 2010Annual accounts 201036,3 k €↑
- 2009Annual accounts 200931,2 k €↑
- 2008Annual accounts 200824,5 k €↓
- 2007Annual accounts 200756,7 k €↑
- 2006Annual accounts 200612,8 k €
- 28/01/1992IncorporationPrivate limited company