LA MANOUE

Active

Public limited companyfounded 199827 yrs activeBrisy 23B, 6673 Gouvy, BelgiumKBO/BCE: BE 0464.550.816

LA MANOUE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €625k and a net result of €-27k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 651 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2024

66 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability67=

Solvency59=

Growth52=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €40k at 30 days acceptable

Liquidity short (current ratio 0.96 against 0.94 in 2023; short-term debt: 64.3% and cash: 6.6% of total assets), and 66% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 01

Relative position

BE, all sectors

reference

Sector 01

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

34%

Return on assets

-1.5%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-27k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

40 d late

2022

30 d late

2021

29 d late

2020

61 d late

2019

140 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-27k▲ 17.5%

2023 · €-33k

2018: €9k 2019: €297k 2020: €85k 2021: €97k 2022: €-5k 2023: €-33k

2018 → 2024

Working capital

€-44k▲ 39.6%

2023 · €-73k

2018: €4k 2019: €169k 2020: €-72k 2021: €33k 2022: €-28k 2023: €-73k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€586k-€687k▲ 17.1%€679k▼ 1.1%€655k▼ 3.5%€625k▼ 4.6%

Operating result€76k-€85k▲ 12.1%€-14k€-43k▼ 201%€-37k▲ 14.1%

Net result€85k-€97k▲ 14.9%€-5k€-33k▼ 585%€-27k▲ 17.5%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €37k in 2024 against €43k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.84M

38.1%

61.9%

Fixed assets €701k▼ 9.0%

Current assets €1.14M▼ 3.2%

Equity and liabilities €1.84M

34.0%

64.3%

Equity €625k▼ 4.6%

Provisions €32k▼ 24.6%

Debt €1.18M▼ 5.3%

The debt ratio rises from 64.1% to 64.3%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€55k▲

2023 · €44k

Cash flow

€65k▲

2023 · €54k

Solvency

34.0%▲

2023 · 33.7%

Current ratio

0.96▲

2023 · 0.94

Quick ratio

0.14▼

2023 · 0.17

Debt / equity

1.89▼

2023 · 1.90

ROE

-4.3%▲

2023 · -5.0%

ROA

-1.5%▲

2023 · -1.7%

Interest coverage

93.67▼

2023 · 95.38

Debt

€1.18M▼

2023 · €1.25M

Debt ≤ 1 year

€1.18M▼

2023 · €1.25M

Staff costs

€29k▲

2023 · €28k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.95M€1.84M▼

Fixed assets21/28€770k€701k▼

Intangible fixed assets21€18k€17k▼

Tangible fixed assets22/27€752k€684k▼

Land and buildings22€425k€398k▼

Plant, machinery and equipment23€269k€215k▼

Furniture and vehicles24€25k€42k▲

Other tangible fixed assets26€33k€29k▼

Current assets29/58€1.18M€1.14M▼

Stocks and contracts in progress3€968k€976k▲

Stocks30/36€968k€976k▲

Amounts receivable within one year40/41€70k€22k▼

Trade receivables40€63k€20k▼

Other amounts receivable41€6k€3k▼

Cash at bank and in hand54/58€116k€121k▲

Deferred charges and accrued income490/1€21k€19k▼

Equity and liabilities

Total equity and liabilities10/49€1.95M€1.84M▼

Equity10/15€655k€625k▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€403k€368k▼

Non-distributable reserves130/1€6k€6k=

Reserves not available under the articles1311€6k€6k=

Tax-exempt reserves132€215k€184k▼

Distributable reserves133€181k€178k▼

Profit (loss) carried forward14€190k€195k▲

Provisions and deferred taxes16€43k€32k▼

Deferred taxes168€43k€32k▼

Amounts payable17/49€1.25M€1.18M▼

Amounts payable within one year42/48€1.25M€1.18M▼

Trade debts44€174k€169k▼

Suppliers440/4€174k€169k▼

Taxes, remuneration and social security45€3k€3k▲

Taxes450/3€533€814▲

Remuneration and social security454/9€3k€2k▼

Other amounts payable47/48€1.07M€1.01M▼

Income statement Code20232024

Non-recurring operating income76A-€2k

Remuneration, social security and pensions62€28k€29k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€92k▲

Other operating charges640/8€4k€1k▼

Non-recurring operating charges66A-€1k

Gross operating margin9900€76k€87k▲

Operating profit (loss)9901€-43k€-37k▲

Financial charges65/66B€459€590▲

Recurring financial charges65€459€590▲

Profit (loss) for the period before taxes9903€-44k€-38k▲

Transfer from deferred taxes780€11k€11k▼

Income taxes67/77€522-

Profit (loss) for the period9904€-33k€-27k▲

Transfer from tax-exempt reserves789€34k€32k▼

Profit (loss) for the period to be appropriated9905€976€5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€190k€195k▲

Profit (loss) brought forward from the previous period14P€189k€190k▲

Transfer from equity791/2€9k-

Profit to be distributed694/7€9k-

Return on contributions (dividend)694€9k-

Social balance

Average headcount (FTE)9087-1.0

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 61 days late

2024

09-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 40 days late

2023

31-12

Financial Weakest financial yearnet €-33k

Net result drops to €-33k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 30 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 29 days late

2021

30-09

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 61 days late

2020

31-12

Financial Equity above €500kEq €586k ▲17.6%

3 profitable years in a row build equity to €586k.

18-12

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 140 days late

26-02

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 210 days late

2019

31-12

Financial Highest result since 2018net €297k ▲3060%

Net result €297k, the highest in the series.

31-12

Financial Equity above €200kEq €498k ▲151%

2 profitable years in a row build equity to €498k.

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 31 days late

2017

07-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 7 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Gouvy · 1 establishment unit since 1999

establishment The establishment unit on the map

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.

Brisy 23B6673 Gouvy

Ground area

8,490 m²

Building footprint

552 m²

2 parcels, Wallonia. Linked by address, not a title deed.

1 establishment unit

Sterpigny 52, 6673 Gouvy

NACE 52496

since 19992.090.277.645

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
82008A0858/00V000	Wallonia	5,580 m²	1 · 298 m²	-
82008D1046/00E000	Wallonia	2,910 m²	1 · 254 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Gouvy2.090.277.645

2 permissions

Boerderij - akkerbouw · since 06-09-2011

Boerderij - runderen · since 06-09-2011

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Middelkerke · Eq €630k

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Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded13-11-1998

Fiscal year end31-12

Activities, NACEBEL

01410Raising of dairy cattle

01500Mixed farming

01461Pig breeding farms

Sources

Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.