ACTIVE

MANDER

Financial year 2025 · Closed on 31/12/2025

Net result1,2 M €+951,2 %over 1 year

Gross margin492,4 k €-11,9 %over 1 year

Equity2,6 M €+79,8 %over 1 year

Identity

Source · BCE/KBO

MANDER is a Public limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Halen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0863.977.020
Incorporation: 11/03/2004
Legal form: Public limited company
Registered office: Zwarte Duivelsstraat 4
3545 Halen · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	492,4 k €	-11.9%	558,9 k €	+17.2%	476,7 k €	+1.7%	468,8 k €	-0.2%	469,6 k €
EBITDA	278,1 k €	-22.8%	360,3 k €	+33.6%	269,6 k €	-0.4%	270,8 k €	+7.9%	251 k €
Operating result	144,6 k €	-35.8%	225,2 k €	+78.1%	126,4 k €	+1.6%	124,4 k €	+19.4%	104,2 k €
Net result	1,2 M €	+951%	110,6 k €	+135%	47,1 k €	-88.6%	414,4 k €	+762%	48,1 k €
Balance sheet
Equity	2,6 M €	+79.8%	1,5 M €	+8.2%	1,3 M €	+3.6%	1,3 M €	+46.8%	884,6 k €
Total assets	4,4 M €	+18.2%	3,7 M €	+1.0%	3,7 M €	-1.2%	3,7 M €	-6.1%	4 M €
Cash	570,9 k €	+18.1%	483,5 k €	+21.8%	396,9 k €	+27.6%	311,2 k €	-27.3%	427,8 k €
Debts	1,8 M €	-21.8%	2,2 M €	-2.9%	2,3 M €	-3.4%	2,4 M €	-21.7%	3,1 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marijke Mangelschots	Directorsince 21/02/2022
Marijn Mangelschots	Directorsince 21/02/2022
Mieke Mangelschots	Directorsince 21/02/2022
Gery Mangelschots	Managing director
Maria De Ryck	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
INDUSTRIE- EN SNUFFELMARKT0424.161.697	Director08/05/2006 → 2007 accounts

Full financial information

Source · NBB

	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	10/08/2026	27/06/2025	05/08/2024	22/08/2023	23/08/2022	31/08/2021
General meeting	29/05/2026	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	10/08/2026	Dutch	PDF
Micro model	31/12/2024	31/05/2025	27/06/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	05/08/2024	Dutch	PDF
Micro model	31/12/2022	31/05/2023	22/08/2023	Dutch	PDF
Micro model	31/12/2021	31/05/2022	23/08/2022	Dutch	PDF
Micro model	31/12/2020	31/05/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	30/05/2020	24/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	26/06/2018	Dutch	PDF
Micro model	31/12/2016	31/05/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	07/06/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	07/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	18/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	04/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	06/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marijke Mangelschots	Directorsince 21/02/2022
Marijn Mangelschots	Directorsince 21/02/2022
Mieke Mangelschots	Directorsince 21/02/2022
Gery Mangelschots	Managing director
Maria De Ryck	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
INDUSTRIE- EN SNUFFELMARKT0424.161.697	Director08/05/2006 → 2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/02/2022
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/07/2018
KAPITAAL - AANDELEN
PDF
Mandates20/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/06/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares26/11/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/05/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/08/2004
MAATSCHAPPELIJKE ZETEL
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Mieke Mangelschots

Maria De Ryck

Gery Mangelschots

Marijke Mangelschots

Marijn Mangelschots

INDUSTRIE- EN SNUFFELMARKT

20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MANDER

Zwarte Duivelsstraat 4, 3545 Halen

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Zwarte Duivelsstraat 4, 3545 HalenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00393638

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MANDERCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00393638

Events

2025
Annual accounts 20251,2 M €↑
2024
Annual accounts 2024110,6 k €↑
2023
Annual accounts 202347,1 k €↓
2022
Annual accounts 2022414,4 k €↑
2021
Annual accounts 202148,1 k €↓
2020
Annual accounts 202059,8 k €↑
2019
Annual accounts 201912,8 k €↓
2018
Annual accounts 201823,8 k €↓
2017
Annual accounts 201733,7 k €↑
2016
Annual accounts 2016-4,5 k €↓
2015
Annual accounts 201540,7 k €↓
2014
Annual accounts 2014255,4 k €↓
2013
Annual accounts 2013413,4 k €↑
2012
Annual accounts 2012131,8 k €↓
2011
Annual accounts 2011158,7 k €↑
2010
Annual accounts 201080,7 k €↑
2009
Annual accounts 200967,7 k €↓
2008
Annual accounts 2008100,9 k €↑
2007
Annual accounts 2007100,6 k €↑
2006
Annual accounts 200687,8 k €
11/03/2004
IncorporationPublic limited company

MANDER

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events