ACTIVE

MANDUS

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Financial year 2025 · closed on 31/12/2025

Net result

33 k €

-76.9% YoY

Gross margin

82,3 k €

-39.5% YoY

Equity

398,6 k €

-18.0% YoY

What does MANDUS do?

MANDUS is a Private limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Berlare.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0835.011.929

Incorporation

31/03/2011

Legal form

Private limited company

Registered office

Heide(B) 7
9290 Berlare · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 46130Agents involved in the sale of timber and building materials 46130Agents involved in the sale of timber and building materials 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	82,3 k €	-39.5%	136,1 k €	+14.9%	118,5 k €	-8.6%	129,6 k €	+9.9%	118 k €	+244%	34,3 k €	-79.5%	167,2 k €	+183%	59,2 k €	+16.0%	51 k €	+116%	23,6 k €	-46.0%	43,7 k €	+64.1%	26,7 k €	-16.0%	31,7 k €	+459%	5,7 k €
EBITDA	78,1 k €	-38.4%	126,8 k €	+8.0%	117,4 k €	-6.2%	125,1 k €	+6.7%	117,2 k €	+255%	33,1 k €	-80.1%	166 k €	+185%	58,3 k €	+16.1%	50,3 k €	+147%	20,4 k €	-52.7%	43,1 k €	+66.8%	25,8 k €	-15.3%	30,5 k €	+449%	5,6 k €
Operating result	44,9 k €	-51.5%	92,6 k €	+11.4%	83,1 k €	-9.6%	92 k €	+7.7%	85,4 k €	+345%	19,2 k €	-87.4%	151,6 k €	+288%	39,1 k €	+21.7%	32,2 k €	+761%	3,7 k €	-88.9%	33,6 k €	+86.0%	18,1 k €	-22.2%	23,2 k €	+391%	4,7 k €
Net result	33 k €	-76.9%	143,3 k €	+147%	58 k €	-9.8%	64,3 k €	+7.5%	59,8 k €	+508%	9,8 k €	-90.0%	98,4 k €	+345%	22,1 k €	+208%	7,2 k €	+524%	-1,7 k €	-109%	19,5 k €	+38.3%	14,1 k €	-18.6%	17,3 k €	+594%	2,5 k €
Balance sheet
Equity	398,6 k €	-18.0%	486,1 k €	+41.8%	342,8 k €	+10.1%	311,4 k €	+16.4%	267,5 k €	+37.0%	195,3 k €	+5.3%	185,5 k €	+113%	87,1 k €	+34.0%	65 k €	+12.4%	57,8 k €	-2.8%	59,5 k €	+48.6%	40 k €	+54.2%	26 k €	+199%	8,7 k €
Total assets	446,6 k €	-21.1%	565,9 k €	+23.2%	459,2 k €	+0.4%	457,3 k €	+2.2%	447,5 k €	+14.3%	391,4 k €	+5.8%	370,1 k €	+42.8%	259,2 k €	+9.3%	237,2 k €	+129%	103,7 k €	-13.1%	119,4 k €	+24.4%	96 k €	-3.8%	99,8 k €	+58.1%	63,2 k €
Cash	63,5 k €	-79.0%	302,2 k €	+3114%	9,4 k €	+121%	4,3 k €	+212%	1,4 k €	-56.0%	3,1 k €	-45.8%	5,7 k €	-24.2%	7,6 k €	-27.2%	10,4 k €	-36.2%	16,3 k €	+60.4%	10,2 k €	+34521%	29,3 €	-63.2%	79,8 €	-95.5%	1,8 k €
Debts	48 k €	-39.6%	79,5 k €	-31.7%	116,4 k €	-20.2%	145,9 k €	-18.9%	179,9 k €	-8.2%	196 k €	+6.2%	184,6 k €	+7.2%	172,1 k €	-0.1%	172,2 k €	+276%	45,8 k €	-3.4%	47,4 k €	-15.2%	56 k €	-24.2%	73,8 k €	+35.6%	54,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

JORIS-JAN DIERICKX

Director

Active

Ended mandates

JAN DIERICKX JORIS

Director

Ended

Joris Dierickx

Director

Ended

Joris Dierickx

Manager

Ended

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	01/07/2026	03/07/2025	03/07/2024	26/07/2023	28/07/2022	01/09/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	24/06/2023	28/06/2022	30/06/2021
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

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/06/2026	01/07/2026	Dutch	PDF
Micro model	31/12/2024	28/06/2025	03/07/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	03/07/2024	Dutch	PDF
Micro model	31/12/2022	24/06/2023	26/07/2023	Dutch	PDF
Micro model	31/12/2021	28/06/2022	28/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	01/09/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	19/08/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	30/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	12/07/2018	Dutch	PDF
Micro model	31/12/2016	24/06/2017	05/07/2017	Dutch	PDF
Abridged modelCorrection	31/12/2015	02/07/2016	10/08/2016	Dutch	PDF
Abridged model	31/12/2015	02/07/2016	02/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	31/07/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 3 ended

Active mandates

JORIS-JAN DIERICKX

Director

Active

Ended mandates

JAN DIERICKX JORIS

Director

Ended

Joris Dierickx

Director

Ended

Joris Dierickx

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/11/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/01/2021
MAATSCHAPPELIJKE ZETEL
PDF
Registered office07/01/2014
MAATSCHAPPELIJKE ZETEL
PDF
Other12/04/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202533 k €↓
2024
Annual accounts 2024143,3 k €↑
2023
Annual accounts 202358 k €↓
2022
Annual accounts 202264,3 k €↑
2021
Annual accounts 202159,8 k €↑
2020
Annual accounts 20209,8 k €↓
2019
Annual accounts 201998,4 k €↑
2018
Annual accounts 201822,1 k €↑
2017
Annual accounts 20177,2 k €↑
2016
Annual accounts 2016-1,7 k €↓
2015
Annual accounts 201519,5 k €↑
2014
Annual accounts 201414,1 k €↓
2013
Annual accounts 201317,3 k €↑
2012
Annual accounts 20122,5 k €
31/03/2011
IncorporationPrivate limited company

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

MANDUS

Overview

What does MANDUS do?

Trend over 14 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