MAANVI
ActiveMAANVI has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+4
Solvency90▲+6
Growth60▲+14
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.84 against 2.46 in 2024; short-term debt: 35.1% and cash: 56.9% of total assets), and 35.1% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
64.9%
Return on assets
6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €48k
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
58 d late
2022
25 d late
2021
4 d late
2020
26 d late
2019
1 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€324k▼ 12.2%
2024 · €369k
2018: €379k
2019: €291k
2020: €252k
2021: €252k
2022: €393k
2023: €402k
2024: €369k
2018 → 2025
EBIT margin
1.8%▲ 0.8pp
2024 · 1.0%
2018: 2.0%
2019: -6.9%
2020: -19.0%
2021: -0.9%
2022: 10.2%
2023: 10.2%
2024: 1.0%
2018 → 2025
Net result
€4k▲ 28.5%
2024 · €3k
2018: €4k
2019: €-20k
2020: €-48k
2021: €-2k
2022: €40k
2023: €36k
2024: €3k
2018 → 2025
Working capital
€48k▲ 10.2%
2024 · €43k
2018: €35k
2019: €15k
2020: €-33k
2021: €-35k
2022: €4k
2023: €40k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€252k-€393k▲ 56.3%€402k▲ 2.2%€369k▼ 8.1%€324k▼ 12.2%
Equity€-35k-€4k€40k▲ 810%€44k▲ 8.6%€48k▲ 10.2%
Operating result€-2k-€40k€41k▲ 2.9%€4k▼ 90.8%€6k▲ 56.2%
Net result€-2k-€40k€36k▼ 10.3%€3k▼ 90.3%€4k▲ 28.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€131=
Current assets
€74k▲ 0.8%
Equity and liabilities €74k
Equity
€48k▲ 10.2%
Debt
€26k▼ 12.9%
The debt ratio falls from 40.7% to 35.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
64.9%▲
2024 · 59.3%
Current ratio
2.84▲
2024 · 2.46
Quick ratio
1.62▼
2024 · 1.90
Debt / equity
0.54▼
2024 · 0.69
ROE
9.3%▲
2024 · 7.9%
ROA
6.0%▲
2024 · 4.7%
Debt
€26k▼
2024 · €30k
Debt ≤ 1 year
€26k▼
2024 · €30k
Income taxes
€1k
Staff costs
€9k▼
2024 · €14k
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€73k€74k▲
Fixed assets21/28€131€131=
Financial fixed assets28€131€131=
Current assets29/58€73k€74k▲
Stocks and contracts in progress3€17k€32k▲
Stocks30/36€17k€32k▲
Cash at bank and in hand54/58€57k€42k▼
Equity and liabilities
Total equity and liabilities10/49€73k€74k▲
Equity10/15€44k€48k▲
Contributions10/11€16k€16k=
Capital10€16k-
Issued capital100€19k-
Uncalled capital101€3k-
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k-
Reserves not available under the articles1311-€3k
Profit (loss) carried forward14€24k€29k▲
Amounts payable17/49€30k€26k▼
Amounts payable within one year42/48€30k€26k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€4k€12k▲
Suppliers440/4€4k€12k▲
Taxes, remuneration and social security45€21k€12k▼
Taxes450/3€8k€11k▲
Remuneration and social security454/9€13k€2k▼
Other amounts payable47/48€3k€1k▼
Income statement
Code20242025
Turnover70€369k€324k▼
Goods, raw materials, services and sundry goods60/61€349k€306k▼
Remuneration, social security and pensions62€14k€9k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€20k€18k▼
Operating profit (loss)9901€4k€6k▲
Financial charges65/66B€335€374▲
Recurring financial charges65€335€374▲
Profit (loss) for the period before taxes9903€3k€6k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€29k▲
Profit (loss) brought forward from the previous period14P€21k€24k▲
The notes to these accounts (2 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 2.57
Current ratio from 1.14 to 2.57; short-term debt falls from €31k to €26k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Back to profitnet €40k
Net result €40k after 3 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 1 day late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
no sitting director, last change in 2016
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-04-2016
BHAWANIDIN Pooja Rani: Resigned as Managing director
28-02-2012
VARINDER Kumar: Resigned as Managing director
Not every act has been read: a resignation may be missing here
11 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2011
Ground area
6,279 m²
Building footprint
610 m²
Parcel 25782C0258/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Namur 104, 1400 Nivelles
since 20112.204.287.386
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0258/00D000 | Wallonia | 6,279 m² | 1 · 610 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 siteNivelles2.204.287.386
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 4,637 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-08-2009
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.