Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FIRMA MANDERFELD from Büllingen, company number BE0424794177, closed financial year 2025 with a result of € 10,954 after tax. For that financial year FIRMA MANDERFELD recorded a gross margin of € 166,502 and equity of € 40,576. Compared with financial year 2024, the result moved from € -67,294 to € 10,954. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 40,576
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,954
▲ still € 67,294 loss in 2024
Profit after tax over the fiscal year.
€ 45,665
▲ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -59,424.
People and assets in 2025
2
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 128,857
▼ 23% vs 2024
€ 64,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 22,962
▼ 16% vs 2024
Of which on lease € 19,514.
Debts at end 2025
€ 169,665
▼ 12% vs 2024
€ 23,647 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 192,286
▲ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,811
▼ 59% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 116,616 | € 152,216 | € 126,781 | € 166,502 | ▲ 31% |
| Profit after taxes | € -62,386 | € -36,784 | € -67,294 | € 10,954 | ▲ € 78,248 |
| Equity | € 133,699 | € 96,915 | € 29,621 | € 40,576 | ▲ 37% |
| Total debts | € 295,538 | € 351,379 | € 387,227 | € 427,245 | ▲ 10% |
| Cash | € 40,052 | € 23,440 | € 24,756 | € 45,665 | ▲ 84% |
| Retained profit | € 33,699 | € -3,085 | € -70,379 | € -59,424 | ▲ € 10,954 |
| Bank debt | € 133,958 | € 175,981 | € 193,102 | € 169,665 | ▼ 12% |
| Balance sheet total | € 429,237 | € 448,294 | € 416,849 | € 467,820 | ▲ 12% |
| Employees (FTE) | 2.5 | 2.5 | 2.5 | 2 | ▼ 0.5 |
Key figures of FIRMA MANDERFELD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FIRMA MANDERFELD?
What happened at FIRMA MANDERFELD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- KEMA INVEST EKG stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 10,954. Source: NBB ↗
- KEMA INVEST EKG became a director. NBB
- New establishment in Büllingen. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,386 loss in 2022 to € 10,954 profit in 2025.
Paid € 3,284 in corporate taxes since 2022.
Best year ever: 2025, with € 10,954 profit.
On average € 83,300 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Managing director · represented by Hannelore MANDERFELD
since 2019 · until 2030
Establishments
Establishment units
Physical locations of this company
Andlermühle 2
4760 Büllingen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.794.177
- VAT number
- BE 0424.794.177
- Registered office
- Andlermühle 2, 4760 Büllingen
- Names & denominations
- FIRMA MANDERFELD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 1983
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment
Groothandel in granen, zaden en diervoeders
Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten
Vervaardiging van maalderijproducten
Algemene bouw van residentiële gebouwen
Optrekken van andere residentiële gebouwen en van kantoorgebouwen