Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of MAN-ENGINE is 0.4% (very low). The 2024 annual accounts show equity of €279k and a net result of €204k. Equity is growing by ~182.5% per year across the filed fiscal years. Its solvency ranks better than 11% of 12464 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Signals
3 signals · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 12464 sector peers (2024).
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 10-07-2025 | 21 d early | 2025-00254106 |
| 31-12-2023 | 31-07-2024 | 07-11-2024 | 99 d late | 2024-00532348 |
| 31-12-2022 | 31-07-2023 | 18-08-2023 | 18 d late | 2023-00333972 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.4%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€204k+182.7%
Working capital€-505k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 10-07-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~182.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 4.8% | 60.6% | |
| Net result | €204k | €31k | |
| Equity | €279k | €63k | |
| Gross operating margin | €375k | €52k | |
| Total assets | €5.82M | €124k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P11
Weakening position over 2022-2024
· n=6846-12464
P95
Improving position over 2022-2024
· n=6845-12466
P90
Improving position over 2022-2024
· n=6854-12472
P95
Improving position over 2022-2024
· n=6833-12452
Describes the position versus peers, not a forecast.
€204k
+182.7%
22-24
€5.82M
+4732.4%
22-24
€279k
+269.5%
22-24
€-505k
-
22-24
€63k
+245.9%
22-24
€5.54M
+12260.8%
22-24
€1.28M
+2763.3%
22-24
€4.25M
-
22-24
0.61
-77.4%
22-24
0.61
-77.4%
22-24
4.8%
-92.4%
22-24
19.83
+3244.9%
22-24
72.9%
-23.5%
22-24
3.5%
-94.2%
22-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €204k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €63k |
| Dividends | - |
| Total assets | €5.82M |
| Equity | €279k |
| Debt | €5.54M |
| of which ≤ 1y | €1.28M |
| of which > 1y | €4.25M |
| Working capital | €-505k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.61 |
| Quick ratio | 0.61 |
| Working capital ratio | -8.7% |
| Solvency | 4.8% |
| Debt / equity | 19.83 |
| Long-term debt ratio | 15.19 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 3.5% |
| ROE | 72.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.82M |
| Fixed assets | 21/28 | €5.04M |
| Financial fixed assets | 28 | €5.04M |
| Current assets | 29/58 | €778k |
| Amounts receivable within one year | 40/41 | €13k |
| Cash & bank | 54/58 | €82k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.82M |
| Equity | 10/15 | €279k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €274k |
| Amounts payable | 17/49 | €5.54M |
| Amounts payable after one year | 17 | €4.25M |
| Amounts payable within one year | 42/48 | €1.28M |
| Trade debts payable within one year | 44 | €12k |
| Income statement | ||
| Gross operating margin | 9900 | €375k |
| Operating result | 9901 | €374k |
| Financial income | 75 | €23k |
| Financial charges | 65 | €130k |
| Result before taxes | 9903 | €267k |
| Income taxes | 67/77 | €63k |
| Net result for the period | 9904 | €204k |
| Result to be appropriated | 9905 | €204k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed48
/ 100
Fair
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Connections & network
1 connected companyGroup structure
We sit on their board · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
1 partyMAN-ENGINEBE 0788.533.784
controls
Where this company holds controlthis company sits on their board1
1 location
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Baron Albert d'Huartlaan 2161950 KraainemParcels1
Ground area1,438 m²
Buildings1
Building footprint211 m²
Volume (LiDAR)1,557 m³
Tallest building11.2 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0043/00T020 | Flanders | 1,438 m² | 1 · 211 m² | 11.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts Capital history · 1
30-04-2026
Capital conversion: amount: 61500.0, currency: EUR
All acts · 1
updated 3 months ago
2026
30-04-2026 Act object · Notarial deed · Purpose change · Legal form conversion
- Act object: DOEL, WIJZIGING RECHTSVORM, KAPITAAL, AANDELEN, ONTSLAGEN, BENOEMINGEN · SOLAF
- Notarial deed: 2026-03-31 · SOLAF
- Registration event: 2026-04-09 · SOLAF
- Filing: 2026-04-28 · SOLAF
- Publication: 2026-04-30 · SOLAF
- Purpose change: De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: - aankoop en verkoop, invoer en uitvoer en herstelling van nieuwe en tweedehandsvoertuigen, aankoop en verkoop van wisselstukken, dienstverlening inzake boekhouding, uitvoer van Belgische goederen, uitbating van winkelruimten, inrichting en uitbating van vervoerdiensten, alles in de ruimste zin; - handel via internet of post voor verkoop of aankoop van goederen, voertuigen en transportmiddelen; - ontwikkeling, verkoop en in licentie geven van software; - transport van goederen en voertuigen; - de verhuur en lease van voertuigen, met inbegrip van full service leasing; - de bemiddeling in kredieten en verzekeringen; - de consignatie van voertuigen; - de organisatie van veilingen van roerende goederen; - adviesverlening en consultancy; - de verkoop en levering van andere goederen en diensten. Zij zal in het algemeen alle commerciële, industriële, financiële, roerende of onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van die aard zouden zijn dat zij het bereiken ervan, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken. Zij mag op welke wijze ook belangen nemen in alle zaken, ondernemingen of vennootschappen, die eenzelfde, gelijkaardig, soortgelijk of samenhangend voorwerp nastreven of die van aard zijn om de ontwikkeling van haar onderneming te begunstigen, haar grondstoffen te verschaffen of de afzet van haar producten te vergemakkelijken en ermee samensmelten. · SOLAF
- Legal form conversion: Naamloze Vennootschap · SOLAF
- Dissolution balance sheet: 2025-12-31 · SOLAF
- Auditor report: 2026-03-24 · SOLAF
- Auditor contribution report · SOLAF
- Capital conversion: amount: 61500.0, currency: EUR · SOLAF
- Share distribution: ratio: 1:1, shares: 100 · SOLAF
- Officer resignation: 2026-03-31 · MAN-ENGINE
- Officer resignation: 2026-03-31 · Filipp SEVOSTIANOV
- Officer appointment: onbeperkte duur · MAN-ENGINE
- Permanent representative: 2026-03-31 · Filipp SEVOSTIANOV
- Power of attorney: coördinatie van de statuten · Tom VERHAEGEN
- Power of attorney: coördinatie van de statuten · Johan Busschaert
- Annual meeting schedule: laatste vrijdag van de maand mei, om elf uur · SOLAF
- First fiscal year: 2025-12-31 · SOLAF
- Representation rule: iedere bestuurder afzonderlijk handelend · SOLAF
- Representation rule: de enige bestuurder · SOLAF
Summary:
Act object · Notarial deed · Purpose change · Legal form conversionNotary:
Johan Busschaert
Analysis
Snowflake analysis
financial profile on 5 axes65
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
48
Profitability
100
Solvency
6
Growth
78
Stability
94
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Credit advice
verdict per customer and amountSimilar
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Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300
Primary activity highlighted.
Names & trade names
| Legal nameNL | MAN-ENGINE |
Registered office
Baron Albert d'Huartlaan 216
1950 Kraainem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.