La Manivelle
ActiveLa Manivelle has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372k and a net result of €139. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 22% of 631 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-3
Solvency43=
Growth51=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.48 against 3.22 in 2024; short-term debt: 15.2% and cash: 18.3% of total assets), but 82.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.7%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 631 sector peers (2025).
NBB · sector comparisonPosition among 631 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
16 d early
2023
25 d early
2022
27 d early
2021
55 d early
2020
12 d early
2019
4 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.88M▲ 2.0%
2024 · €1.84M
2018: €1.39M
2019: €1.42M
2020: €1.41M
2021: €1.52M
2022: €1.63M
2023: €1.73M
2024: €1.84M
2018 → 2025
EBIT margin
1.5%▼ 0.2pp
2024 · 1.7%
2018: 3.4%
2019: 3.5%
2020: 3.0%
2021: 2.6%
2022: 2.3%
2023: 1.6%
2024: 1.7%
2018 → 2025
Net result
€139▼ 65.0%
2024 · €398
2018: €1k
2019: €1k
2020: €1k
2021: €423
2022: €432
2023: €269
2024: €398
2018 → 2025
Working capital
€795k▲ 13.6%
2024 · €699k
2018: €352k
2019: €360k
2020: €372k
2021: €441k
2022: €453k
2023: €496k
2024: €699k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.52M-€1.63M▲ 7.1%€1.73M▲ 6.5%€1.84M▲ 6.0%€1.88M▲ 2.0%
Equity€370k-€371k▲ 0.1%€371k▲ 0.1%€371k▲ 0.1%€372k=
Operating result€40k-€38k▼ 5.8%€28k▼ 27.3%€32k▲ 15.8%€29k▼ 10.8%
Net result€423-€432▲ 2.1%€269▼ 37.8%€398▲ 48.2%€139▼ 65.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.10M
Fixed assets
€984k▼ 2.1%
Current assets
€1.11M▲ 9.8%
Equity and liabilities €2.10M
Equity
€372k=
Provisions
€625k▲ 32.9%
Debt
€1.10M▼ 6.5%
The debt ratio falls from 58.3% to 52.5%. Debt is lower.
Key figures and ratios
EBITDA
€87k▼
2024 · €95k
Cash flow
€59k▼
2024 · €64k
Solvency
17.7%▼
2024 · 18.4%
Current ratio
3.48▲
2024 · 3.22
Quick ratio
3.48▲
2024 · 3.22
Debt / equity
2.96▼
2024 · 3.17
ROE
0.0%▼
2024 · 0.1%
ROA
0.0%▼
2024 · 0.0%
Interest coverage
2.68▼
2024 · 3.02
Debt
€1.10M▼
2024 · €1.18M
Debt ≤ 1 year
€320k▲
2024 · €316k
Debt > 1 year
€770k▼
2024 · €832k
Staff costs
€1.61M▲
2024 · €1.53M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.02M€2.10M▲
Fixed assets21/28€1.00M€984k▼
Tangible fixed assets22/27€1.00M€984k▼
Land and buildings22€963k€951k▼
Plant, machinery and equipment23€24k€21k▼
Furniture and vehicles24€10k€5k▼
Other tangible fixed assets26€8k€6k▼
Current assets29/58€1.01M€1.11M▲
Amounts receivable within one year40/41€202k€169k▼
Trade receivables40€164k€159k▼
Other amounts receivable41€38k€10k▼
Current investments50/53€377k€552k▲
Cash at bank and in hand54/58€412k€383k▼
Deferred charges and accrued income490/1€24k€10k▼
Equity and liabilities
Total equity and liabilities10/49€2.02M€2.10M▲
Equity10/15€371k€372k=
Reserves13€206k€206k=
Profit (loss) carried forward14€166k€166k▲
Provisions and deferred taxes16€471k€625k▲
Provisions for liabilities and charges160/5€471k€625k▲
Major repairs and maintenance162€373k€520k▲
Other liabilities and charges164/5€97k€105k▲
Amounts payable17/49€1.18M€1.10M▼
Amounts payable after more than one year17€832k€770k▼
Financial debts170/4€832k€770k▼
Amounts payable within one year42/48€316k€320k▲
Current portion of amounts payable after more than one year42€58k€61k▲
Trade debts44€9k€18k▲
Suppliers440/4€9k€18k▲
Taxes, remuneration and social security45€249k€239k▼
Taxes450/3€37k€38k▲
Remuneration and social security454/9€211k€201k▼
Accrued charges and deferred income492/3€31k€11k▼
Income statement
Code20242025
Turnover70€1.84M€1.88M▲
Non-recurring operating income76A€0€0=
Goods, raw materials, services and sundry goods60/61€222k€224k▲
Remuneration, social security and pensions62€1.53M€1.61M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€59k▼
Other operating charges640/8€6k€10k▲
Non-recurring operating charges66A€900-
Gross operating margin9900€1.82M€1.87M▲
Operating profit (loss)9901€32k€29k▼
Financial income75/76B€253€4k▲
Recurring financial income75€253€4k▲
Financial charges65/66B€32k€33k▲
Recurring financial charges65€32k€33k▲
Non-recurring financial charges66B€310€147▼
Profit (loss) for the period before taxes9903€398€139▼
Profit (loss) for the period9904€398€139▼
Profit (loss) for the period to be appropriated9905€398€139▼
Appropriation of the result
Profit (loss) to be appropriated9906€166k€166k▲
Profit (loss) brought forward from the previous period14P€165k€166k▲
Social balance
Average headcount (FTE)908722.3-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
State Gazette act
Resignations & appointmentsDirector reappointment1 fact ▸
State Gazette act
Resignations & appointments
Director reappointment1 fact ▸
- Director reappointment, PIRARD (délégation de la gestion journalière)
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €139 ▼65%
Net result drops to €139, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €1k ▲6.8%
Net result €1k, the highest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 4 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 317 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bld de la Constitution 194020 Liège1 establishment unit
La Manivelle
since 19892.155.454.816
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.155.454.816
Similar companies · same sector, comparable size
DOCTEUR ISABELLE HERMANS
BE 0890.941.535
Thuin · Eq €372k
DOKTER TOM VLEUGELS
BE 0819.236.264
Aarschot · Eq €372k
DOKTER MICHIEL MARYNISSEN, HARTCHIRURG.
BE 0785.391.281
Haacht · Eq €371k
ORTHOLIB
BE 0804.388.534
Namur · Eq €371k
TERRAN'HEART
BE 0782.981.426
Namur · Eq €372k
Of 16,623 companies in sector 86220 we hold annual accounts for 7,972. 6,595 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded29-06-1989
Fiscal year end31-12
Activities, NACEBEL
86220Specialist medical practice
88105Social work activities without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.