maanzee
Activemaanzee has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.46M and a net result of €21k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+11
Solvency64▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €460k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 0.66 in 2024; short-term debt: 21.1% and cash: 0.1% of total assets), but 60.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
39.2%
Return on assets
0.1%
Age of the figures
9 mo
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
29 d late
2022
31 d early
2021
20 d early
2020
23 d early
2019
15 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7.46M▲ 97.4%
2024 · €3.78M
2018: €1.51M
2019: €1.48M
2020: €1.46M
2021: €3.18M
2022: €3.65M
2023: €3.97M
2024: €3.78M
2018 → 2025
Total assets
€19.01M▲ 29.8%
2024 · €14.65M
2018: €6.06M
2019: €6.52M
2020: €7.04M
2021: €7.45M
2022: €8.72M
2023: €14.57M
2024: €14.65M
2018 → 2025
Net result
€21k
2024 · €-188k
2018: €-109k
2019: €-44k
2020: €-30k
2021: €1.72M
2022: €470k
2023: €354k
2024: €-188k
2018 → 2025
Working capital
€3.91M
2024 · €-2.67M
2018: €856k
2019: €1.16M
2020: €1.43M
2021: €2.33M
2022: €3.05M
2023: €697k
2024: €-2.67M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.18M-€3.65M▲ 14.8%€3.97M▲ 8.7%€3.78M▼ 4.7%€7.46M▲ 97.4%
Operating result€2.22M-€681k▼ 69.3%€539k▼ 20.8%€37k▼ 93.2%€225k▲ 513%
Net result€1.72M-€470k▼ 72.7%€354k▼ 24.6%€-188k€21k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 513% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.01M
Fixed assets
€11.10M▲ 17.3%
Current assets
€7.91M▲ 52.5%
Equity and liabilities €19.01M
Equity
€7.46M▲ 97.4%
Provisions
€1.60M▲ 207%
Debt
€9.95M▼ 3.8%
The debt ratio falls from 70.6% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€397k▲
2024 · €148k
Cash flow
€193k▲
2024 · €-76k
Solvency
39.2%▲
2024 · 25.8%
Current ratio
1.98▲
2024 · 0.66
Quick ratio
1.44▲
2024 · 0.63
Debt / equity
1.33▼
2024 · 2.74
ROE
0.3%▲
2024 · -5.0%
ROA
0.1%▲
2024 · -1.3%
Interest coverage
1.69▲
2024 · 0.53
Debt
€9.95M▼
2024 · €10.35M
Debt ≤ 1 year
€4.01M▼
2024 · €7.86M
Debt > 1 year
€5.95M▲
2024 · €2.48M
Income taxes
€3k▲
2024 · €230
Staff costs
€257
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€14.65M€19.01M▲
Fixed assets21/28€9.46M€11.10M▲
Intangible fixed assets21€42k€5.83M▲
Tangible fixed assets22/27€3.52M€5.27M▲
Land and buildings22€3.48M€5.21M▲
Plant, machinery and equipment23€1k€429▼
Furniture and vehicles24€13k€10k▼
Other tangible fixed assets26€30k€30k=
Assets under construction and advance payments27-€24k
Financial fixed assets28€5.90M€0▼
Current assets29/58€5.19M€7.91M▲
Amounts receivable after more than one year29-€220k
Other amounts receivable291-€220k
Stocks and contracts in progress3€254k€2.13M▲
Stocks30/36€254k€2.13M▲
Amounts receivable within one year40/41€4.89M€5.48M▲
Trade receivables40€7k€321k▲
Other amounts receivable41€4.89M€5.16M▲
Cash at bank and in hand54/58€38k€20k▼
Deferred charges and accrued income490/1€3k€68k▲
Equity and liabilities
Total equity and liabilities10/49€14.65M€19.01M▲
Equity10/15€3.78M€7.46M▲
Contributions10/11€1.22M€1.24M▲
Reserves13€2.56M€6.22M▲
Tax-exempt reserves132€1.56M€4.51M▲
Distributable reserves133€998k€1.71M▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€521k€1.60M▲
Deferred taxes168€521k€1.60M▲
Amounts payable17/49€10.35M€9.95M▼
Amounts payable after more than one year17€2.48M€5.95M▲
Financial debts170/4€2.48M€5.95M▲
Amounts payable within one year42/48€7.86M€4.01M▼
Current portion of amounts payable after more than one year42€123k€225k▲
Financial debts43€728k€2.49M▲
Credit institutions430/8€728k€2.49M▲
Trade debts44€213k€260k▲
Suppliers440/4€213k€260k▲
Taxes, remuneration and social security45€280k€52k▼
Taxes450/3€280k€52k▼
Other amounts payable47/48€6.52M€973k▼
Accrued charges and deferred income492/3€10k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€135k
Remuneration, social security and pensions62-€257
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€172k▲
Other operating charges640/8€2k€63k▲
Gross operating margin9900€151k€461k▲
Operating profit (loss)9901€37k€225k▲
Financial income75/76B€51k€111▼
Recurring financial income75€51k€111▼
Financial charges65/66B€281k€235k▼
Recurring financial charges65€281k€235k▼
Profit (loss) for the period before taxes9903€-193k€-10k▲
Transfer from deferred taxes780€5k€34k▲
Income taxes67/77€230€3k▲
Profit (loss) for the period9904€-188k€21k▲
Transfer from tax-exempt reserves789€19k€94k▲
Profit (loss) for the period to be appropriated9905€-169k€115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€692k€115k▼
Profit (loss) brought forward from the previous period14P€861k€0▼
Transfer to equity691/2€692k€115k▼
To other reserves6921€692k€115k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (25 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
11-02
State Gazette act
Capital & shares · RestructuringGeneral meeting · Merger · Accounting effect6 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Merger · Accounting effect6 facts ▸
- General meeting, 2025-12-31
- Merger, absorption, 2025-12-31
- Accounting effect, 2025-07-01
- Name change, maanzee
- Power of attorney, I.B.A. Integraal bedrijfsadvies
- Merger detail, 100% shareholding; share register of absorbed company destroyed; no share exchange or issuance
2025
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.98
Current ratio from 0.66 to 1.98; short-term debt falls from €7.86M to €4.01M.
31-12
Financial
Equity above €5MEq €7.46M ▲97.4%
Equity rises from €3.78M to €7.46M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-188k ▼153%
Net result drops to €-188k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1.72M
Net result €1.72M after 3 loss-making years.
31-12
Financial
Equity above €2MEq €3.18M ▲118%
Equity rises from €1.46M to €3.18M.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
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.
25-10-2023
Resigned as Director
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2013
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.
Kruisschanslei 692550 KontichGround area
1,927 m²
Building footprint
247 m²
Volume, LiDAR
1,206 m³
Parcel 11024F0130/00K004, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
maanzee
since 20132.218.971.208
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024F0130/00K004 | Flanders | 1,927 m² | 1 · 247 m² | 7.6 m · 2 fl. |
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.
Structure & network
Acquisitions and mergers
1 transactionTook over:IMMO TVR & CO
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 4,890 EUR awarded · 4,890 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,080 EUR | 1,080 EUR |
| 2024 | 1 | 2,730 EUR | 2,730 EUR |
| 2023 | 1 | 1,080 EUR | 1,080 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 1,433 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2013
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
64200Holdings
64210Activities of holding companies
64991Financial service activities, except insurance and pension funding
64999Other financial services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.