Equity
MAN-ENGINE paid out €741,658 in dividends. That is 49% of the 2025 profit.
MAN-ENGINE paid out €741,658 in dividends. That is 49% of the 2025 profit.
The result rose in 2025: different schema filed.
Of this, €1.9m falls due within a year.
Guarantees given for others' debts, new in 2025. 3.1 times equity · not in the 2024 accounts.
Green is investment, beige is depreciation.
The 2023 accounts came latest: 99 days after the end of the period.
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 18% of them on solvency, 24% on liquidity, 61% on profitability and 97% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is insufficient, with a current ratio of 0.8 (0.61 in 2024), below 1. Short-term debt is 28.7% and cash 0.7% of total assets. 84.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 15 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MAN-ENGINE Kraainem | €432,000 | 76.8% | 15.6% | - |
| FULL GAS Kontich | - | - | 38.2% | 0 |
| ZENO Ghent | - | - | 1.3% | - |
| SOFTPAK INVEST Antwerp | €534,000 | 32.7% | 44.8% | - |
| RUMACHRIS Asse | - | - | 22.4% | 0 |
| Proxima Advisory Zaventem | - | - | 55.6% | - |
| Van Steen Support Sint-Gillis-Waas | - | - | 75.3% | - |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MAN-ENGINE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €5m and €7.9m, founded between 2021 and 2023.
MAN-ENGINE files the abbreviated format. That format states no turnover. The gross margin rose from -€1,100 in 2022 to €355,318 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 19% of 10,857 companies in 2025.
Higher than 31% of 10,479 companies in 2025.
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
| 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.
| 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.
| 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)
| 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)
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.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
MAN-ENGINE was incorporated on 13 July 2022 as a private limited company by one natural person, with a starting capital of €5,000.12 Filipp SEVOSTIANOV is director of the company, appointed by deed of 15-07-2022.2 Total assets rose from €4,963 in 2022 to €6.7m in 2025.3
| Baron Albert d'Huartlaan 216 registered office 1950 Kraainem |
| 13-08-2024 | Granted | Een grond gebruiken, aanleggen of inrichten; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) submitted 26-01-2024 · project 2024011595 | Puurs-Sint-Amands |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 22002C0043/00T020 | 1,438 m² | 1 · 211 m² | 11.2 m · 2 |
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