Skip to content
Checked.be
Complete company report
Generated 21-08-2026
Active BE 0422.481.421Public limited company

MAN Oost-Vlaanderen

Dijkstraat 13 ·9160 Lokeren, Belgium· 44 yrs active
Sector: Detailhandel in andere motorvoertuigen (> 3,5 ton) (47812)
Conclusion Checked

The computed 12-month bankruptcy probability of MAN Oost-Vlaanderen is 0.3% (very low). The 2024 annual accounts show equity of €3.25M and a net result of €259k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 1230 sector peers (fiscal year 2024). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €3.25M
Net result €259k
Staff (FTE) 10
Better than sector 34%
Financial profile 5 of 5 axes measured · computed by Checked
Health26Profitability40Solvency14Growth52Stability100
46 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 26
Profitability 40
Solvency 14
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1982, 44 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
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.
Health barometer FY 2024 · computed
26 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 15-07-2025 with the NBB · fiscal year 2024 · verkort
€0€1.00M€2.00MOperating result 2020: €870k€870kNet result 2020: €2.16M€2.16MOperating result 2021: €460k€460kNet result 2021: €218k€218kOperating result 2022: €293k€293kNet result 2022: €110k€110kOperating result 2023: €918k€918kNet result 2023: €116k€116kOperating result 2024: €1.44M€1.44MNet result 2024: €259k€259k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~6.3%/year over 6 fiscal years, indicative, assuming unchanged policy.
€2.00M€3.00M€4.00M2025: €3.46M (€3.20M - €3.72M)2026: €3.67M (€3.41M - €3.93M)2027: €3.91M (€3.65M - €4.17M)2019: €2.12M2020: €2.55M2021: €2.76M2022: €2.87M2023: €2.99M2024: €3.25M201920202021202220232024202520262027
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 47, Retail trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 10.0% 20.3%
better than 34% of 1230 sector peers
Net result €259k €25k
better than 92% of 1229 sector peers
Equity €3.25M €142k
better than 95% of 1230 sector peers
Gross operating margin €2.76M €215k
better than 95% of 1228 sector peers
Staff costs €1.15M €160k
higher than 94% of 937 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€1.56M
+52.8% 19-24
Net profit
€259k
+122.6% 19-24
Cash flow
€378k
+72.7% 19-24
Total assets
€32.36M
-19.2% 19-24
Equity
€3.25M
+8.7% 19-24
Working capital
€-5.19M
+2.3% 19-24
Employees (FTE)
10
0.0% 19-24
Staff costs
€1.15M
+1.6% 19-24
Show 12 other metrics
Income taxes
€106k
+48.3% 19-24
Dividends
€0
- 19-24
Debt
€29.11M
-21.4% 19-24
Debt ≤ 1y
€28.04M
-21.7% 19-24
Debt > 1y
€948k
-11.2% 19-24
Current ratio
0.82
-4.3% 19-24
Quick ratio
0.36
+33.1% 19-24
Solvency
10.0%
+34.4% 19-24
Debt / equity
8.96
-27.7% 19-24
ROE
8.0%
+104.8% 19-24
ROA
0.8%
+175.3% 19-24
Interest coverage
1.23
+0.9% 19-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€1.56M
Net profit€259k
Cash flow€378k
Staff costs€1.15M
Income taxes€106k
Dividends-
Total assets€32.36M
Equity€3.25M
Debt€29.11M
of which ≤ 1y€28.04M
of which > 1y€948k
Working capital€-5.19M
Employees (FTE)10.0
Ratios (computed)
2024
Current ratio0.82
Quick ratio0.36
Working capital ratio-16.0%
Solvency10.0%
Debt / equity8.96
Long-term debt ratio0.29
Interest coverage1.23
Gross margin-
Net margin-
ROA0.8%
ROE8.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€32.36M
Fixed assets 21/28€9.50M
Tangible fixed assets 22/27€1.47M
Financial fixed assets 28€8.03M
Current assets 29/58€22.86M
Stocks & contracts in progress 3€12.62M
Amounts receivable within one year 40/41€6.74M
Cash & bank 54/58€3.30M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€32.36M
Equity 10/15€3.25M
Contributions / capital 10/11€127k
Reserves 13€3.12M
Amounts payable 17/49€29.11M
Amounts payable after one year 17€948k
Amounts payable within one year 42/48€28.04M
Trade debts payable within one year 44€17.20M
Income statement
Gross operating margin 9900€2.76M
Operating result 9901€1.44M
Financial income 75€197k
Financial charges 65€1.27M
Result before taxes 9903€365k
Income taxes 67/77€106k
Net result for the period 9904€259k
Result to be appropriated 9905€259k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (25065587). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Caroline Neyt
    Director
    State Gazette act 25065587 (22-05-2025)
    Current
    14-05-2025 → present
  • Emiel Neyt
    Director
    State Gazette act 25065587 (22-05-2025)
    Current
    14-05-2025 → present
  • Manuella Neyt
    Director
    State Gazette act 25065587 (22-05-2025)
    Current
    14-05-2025 → present
Former directors (1)
  • Ludwig Neyt
    Managing director
    State Gazette act 25065587 (22-05-2025)
    Former
    - → 14-05-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Detailhandel in andere motorvoertuigen (> 3,5 ton)(47812)
Legal form Public limited company(014)
Incorporation13-02-1982
StatusActive
Postal code9160
Establishment units 1 location
MAN OOST-VLAANDEREN NV
Dijkstraat 13, 9160 Lokerende kleinhandel in nieuwe en gebruikte auto's voor personenvervoer,inclusief die voor bijzondere doeleinden (vb ambulances)
since 19822.020.230.084
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels 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.
46382B0955/00B000 Flanders 3.2 ha 1 · 6,504 m² -
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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
15-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
22-05-2025
State Gazette act Director changes
2024
30-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
25-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
29-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
30-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2019
31-10-2019
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2018
30-11-2018
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2017
31-10-2017
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2016
28-10-2016
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2015
02-10-2015
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
22-05-2025 3 directors appointed, 1 resigning Director changes
  • Emiel Neyt, Bestuurder
  • Caroline Neyt, Bestuurder
  • Manuella Neyt, Bestuurder
  • Ludwig Neyt, Gedelegeerd bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Emiel Neyt",
        "address": "9160 Lokeren, Gentsesteenweg 25",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-05-14",
      "evidence_quote": "De algemene vergadering beslist om volgende bestuurders te herbenoemen: \u2022 Emiel Neyt, wonende te 9160 Lokeren, Gentsesteenweg 25, die verklaart niet te zijn getroffen door een bestuursverbod.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Caroline Neyt",
        "address": "9080 Lochristi, Halve Dreef 2",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-05-14",
      "evidence_quote": "Caroline Neyt, wonende te 9080 Lochristi, Halve Dreef 2, die verklaart niet te zijn getroffen door een bestuursverbod.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Manuella Neyt",
        "address": "9160 Lokeren, Gentsesteenweg 23",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-05-14",
      "evidence_quote": "Manuella Neyt, wonende te 9160 Lokeren, Gentsesteenweg 23, die verklaart niet te zijn getroffen door een bestuursverbod.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Ludwig Neyt",
        "address": "9042 Gent, Oostdonkstraat 1",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "vrijwillig",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-05-14",
      "evidence_quote": "De algemene vergadering neemt kennis van het vrijwillig ontslag van de hierna genoemde bestuurder en gedelegeerd bestuurder en verleent hem kwijting: \u2022 Ludwig Neyt, wonende te 9042 Gent, Oostdonkstraat 1.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "substantive_delegation",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Eveline Smet",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": "0735.429.848",
        "name": "aternio legal bv",
        "address": "Zwaarveld 41 d, 9220 Hamme",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering beslist om een bijzondere volmacht te verlenen aan aternio legal besloten vennootschap, met zetel te 9220 Hamme, Zwaarveld 41 d, RPR Gent, afdeling Dendermonde, met ondernemingsnummer 0735.429.848, evenals aan haar bedienden, aangestelden en lasthebbers, waaronder Eveline Sme",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Sophie Claeys",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": "0735.429.848",
        "name": "aternio legal bv",
        "address": "Zwaarveld 41 d, 9220 Hamme",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering beslist om een bijzondere volmacht te verlenen aan aternio legal besloten vennootschap, met zetel te 9220 Hamme, Zwaarveld 41 d, RPR Gent, afdeling Dendermonde, met ondernemingsnummer 0735.429.848, evenals aan haar bedienden, aangestelden en lasthebbers, waaronder Eveline Sme",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Olivier Kerkhofs",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": "0735.429.848",
        "name": "aternio legal bv",
        "address": "Zwaarveld 41 d, 9220 Hamme",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering beslist om een bijzondere volmacht te verlenen aan aternio legal besloten vennootschap, met zetel te 9220 Hamme, Zwaarveld 41 d, RPR Gent, afdeling Dendermonde, met ondernemingsnummer 0735.429.848, evenals aan haar bedienden, aangestelden en lasthebbers, waaronder Eveline Sme",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-05-22",
    "filing_date": "2025-05-14",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2025-04-29",
      "unanimous": null
    },
    {
      "body": "raad_van_bestuur",
      "date": "2025-04-29",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0422.481.421",
    "name_full": "MAN OOST-VLAANDEREN",
    "legal_form": "NV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Groothandel in andere motorvoertuigen (> 3,5 ton)46712Detailhandel in andere motorvoertuigen (> 3,5 ton)47812Detailhandel in motorvoertuigen50103Detailhandel in onderdelen en accessoires van motorvoertuigen47820Detailhandel in motorbrandstoffen47300Kleinhandel in onderdelen en accessoires van auto's50302
Primary activity highlighted.
Names & trade names
Legal nameNL MAN Oost-Vlaanderen
Registered office
Dijkstraat 13
9160 Lokeren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Comparable size · 40 of 343 companies in this sector with filed accounts
Machines et Pièces BE 0882.502.634 · Liège
CAMPIRAMA BE 0416.344.982 · Izegem
TT Motorhomes BE 0779.980.760 · Lochristi
Herman Noyens Trucks BE 0759.867.910 · Geel
DBN MATERIELS BE 0787.462.034 · Tinlot
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative