MAN-ENGINE
Annual accounts 2025
abbreviated format, filed on 25-06-2026, 36 days before the deadlineMoney flows
turnover is 22.4% of income in 2025Balance sheet
balance sheet total €6.7m on 31-12-2025in €m
in €m
Position in the sector
15.6%
Higher than 19% of 10,857 companies in 2025.
0.80
Higher than 31% of 10,479 companies in 2025.
22.6%
Higher than 83% of 10,726 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
6.7m | 5.8m | 120,435 | 4,963 | |
21/28 |
5.1m | 5.0m | - | - | |
22/27 |
85,419 | - | - | - | |
24 |
85,419 | - | - | - | |
28 |
5.0m | 5.0m | - | - | |
29/58 |
1.5m | 777,942 | 120,435 | 4,963 | |
29 |
1.4m | 672,066 | 50,000 | - | |
291 |
1.4m | 672,066 | 50,000 | - | |
40/41 |
37,152 | 12,688 | 50,013 | - | |
40 |
1,613 | 12,688 | 50,013 | - | |
41 |
35,540 | - | - | - | |
54/58 |
48,698 | 82,002 | 20,422 | 4,963 | |
490/1 |
26,861 | 11,187 | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
6.7m | 5.8m | 120,435 | 4,963 | |
10/15 |
1.0m | 279,422 | 75,612 | 3,508 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
14 |
1.0m | 274,422 | 70,612 | -1,493 | |
17/49 |
5.6m | 5.5m | 44,823 | 1,455 | |
17 |
3.7m | 4.2m | - | - | |
170/4 |
3.3m | 3.8m | - | - | |
178/9 |
450,000 | 450,000 | - | - | |
42/48 |
1.9m | 1.3m | 44,823 | 355 | |
42 |
622,005 | 574,145 | - | - | |
43 |
1.0m | - | - | - | |
430/8 |
1.0m | - | - | - | |
44 |
7,943 | 11,624 | 11 | 355 | |
440/4 |
7,943 | 11,624 | 11 | 355 | |
45 |
138,376 | 110,927 | 42,811 | - | |
450/3 |
138,376 | 110,927 | 42,811 | - | |
47/48 |
143,161 | 586,724 | 2,000 | - | |
492/3 |
- | 11,373 | - | 1,100 | |
| Income statement | |||||
70 |
432,000 | - | - | - | |
9900 |
355,318 | 375,038 | 90,605 | -1,100 | |
60/61 |
76,682 | - | - | - | |
630 |
21,355 | - | - | - | |
640/8 |
2,032 | 1,189 | - | 355 | |
9901 |
331,931 | 373,850 | 90,605 | -1,455 | |
75/76B |
1.5m | 23,253 | - | - | |
75 |
1.5m | 23,253 | - | - | |
65/66B |
304,185 | 129,996 | 200 | 38 | |
65 |
304,185 | 129,996 | 200 | 38 | |
9903 |
1.5m | 267,107 | 90,405 | -1,493 | |
67/77 |
22,742 | 63,297 | 18,300 | - | |
9904 |
1.5m | 203,809 | 72,105 | -1,493 | |
9905 |
1.5m | 203,809 | 72,105 | -1,493 | |
| Appropriation of the result | |||||
9906 |
1.8m | 274,422 | 70,612 | -1,493 | |
14P |
274,422 | 70,612 | -1,493 | - | |
694/7 |
741,658 | - | - | - | |
694 |
741,658 | - | - | - | |
| Document | |||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 353,285 | - | - | - | ||
| 1.5m | - | - | - | ||
| 106,774 | 5.0m | - | - | ||
| -33,304 | 61,580 | 15,459 | - | ||
| -386,709 | -505,478 | 75,612 | 4,608 | ||
| 76.8% | - | - | - | ||
| 15.6% | 4.8% | 62.8% | - | ||
| 0.80 | 0.61 | 2.69 | - | ||
| 5.40 | 19.83 | 0.59 | - | ||
| 144.5% | 72.9% | 95.4% | - | ||
| 22.6% | 3.5% | 59.9% | - | ||
| 1.16 | - | - | - | ||
| 1 day | - | - | - | ||
| 38 days | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | €750,000 | - | - | - |
| €3.3m | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €106,774 | - | - | - |
| Financial fixed assets | - | €5.0m | - | - |
| €21,355 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MAN-ENGINE
The operating result for 2025 is 11% lower than in 2024.
Debt's share of the balance-sheet total falls from 95.2% to 84.4%. Equity and debt are higher.
- 2025 Net result +637% on 2024. The accounts now follow the abbreviated format, last year the micro format.