MANA
ActiveSummary
MANA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-72k) and a net result of €-654. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 1059 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+26
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.26 in 2024; short-term debt: 152.5% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-52.5%
Return on assets
-0.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-72k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
29 d late
2023
15 d early
2022
31 d late
2021
30 d late
2020
30 d late
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-72k▼ 0.9%
2024 · €-71k
2018: €-20khighest in 8 years
2019: €-29k▼ -45.2% vs 2018
2020: €-56k▼ -91.9% vs 2019
2021: €-71k▼ -26.0% vs 2020
2022: €-59k▲ +17.1% vs 2021
2023: €-59k▼ -1.0% vs 2022
2024: €-71k▼ -20.0% vs 2023
2025: €-72k▼ -0.9% vs 2024lowest in 8 years
2018 → 2025
Total assets
€137k▼ 11.2%
2024 · €154k
2018: €253khighest in 8 years
2019: €217k▼ -14.5% vs 2018
2020: €208k▼ -4.1% vs 2019
2021: €212k▲ +2.1% vs 2020
2022: €191k▼ -10.1% vs 2021
2023: €147k▼ -23.2% vs 2022
2024: €154k▲ +5.0% vs 2023
2025: €137k▼ -11.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€-654▲ 94.5%
2024 · €-12k
2018: €-61klowest in 8 years
2019: €-9k▲ +85.1% vs 2018
2020: €-27k▼ -195% vs 2019
2021: €-15k▲ +45.6% vs 2020
2022: €12k▲ +183% vs 2021highest in 8 years
2023: €-603▼ -105% vs 2022
2024: €-12k▼ -1860% vs 2023
2025: €-654▲ +94.5% vs 2024
2018 → 2025
Working capital
€-148k▲ 11.2%
2024 · €-167k
2018: €-163k
2019: €-188k▼ -15.1% vs 2018
2020: €-210k▼ -11.6% vs 2019
2021: €-217k▼ -3.7% vs 2020lowest in 8 years
2022: €-194k▲ +10.8% vs 2021
2023: €-173k▲ +10.7% vs 2022
2024: €-167k▲ +3.5% vs 2023
2025: €-148k▲ +11.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-71k-€-59k▲ 17.1%€-59k▼ 1.0%€-71k▼ 20.0%€-72k▼ 0.9%
2021: €-71k
2022: €-59k▲ +17.1% vs 2021highest in 5 years
2023: €-59k▼ -1.0% vs 2022
2024: €-71k▼ -20.0% vs 2023
2025: €-72k▼ -0.9% vs 2024lowest in 5 years
Operating result€-8k-€19k€8k▼ 56.8%€-3k€6k
2021: €-8klowest in 5 years
2022: €19k▲ +343% vs 2021highest in 5 years
2023: €8k▼ -56.8% vs 2022
2024: €-3k▼ -140% vs 2023
2025: €6k▲ +293% vs 2024
Net result€-15k-€12k€-603€-12k▼ 1,860%€-654▲ 94.5%
2021: €-15klowest in 5 years
2022: €12k▲ +183% vs 2021highest in 5 years
2023: €-603▼ -105% vs 2022
2024: €-12k▼ -1860% vs 2023
2025: €-654▲ +94.5% vs 2024
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 returns to profit in 2025: €6k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€77k ▼ 20.1%
Current assets
€60k ▲ 3.7%
Key figures and ratios
EBITDA
€31k▲
2024 · €21k
Cash flow
€24k▲
2024 · €12k
Solvency
-52.5%▼
2024 · -46.2%
Current ratio
0.29▲
2024 · 0.26
Debt to equity
-2.91▲
2024 · -3.16
ROA
-0.5%▲
2024 · -7.7%
Interest coverage
4.47▲
2024 · 2.40
Debt
€208k▼
2024 · €225k
Debt ≤ 1 year
€208k▼
2024 · €225k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€154k€137k▼
Fixed assets21/28€96k€77k▼
Tangible fixed assets22/27€96k€77k▼
Land and buildings22€96k€77k▼
Current assets29/58€58k€60k▲
Amounts receivable within one year40/41€57k€60k▲
Trade receivables40€57k€60k▲
Other amounts receivable41€33€120▲
Cash at bank and in hand54/58€1k€87▼
Equity and liabilities
Total equity and liabilities10/49€154k€137k▼
Equity10/15€-71k€-72k▼
Contributions10/11€217k€217k=
Capital10€217k€217k=
Issued capital100€217k€217k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k€5k=
Profit (loss) carried forward14€-293k€-293k▼
Amounts payable17/49€225k€208k▼
Amounts payable within one year42/48€225k€208k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€223k€206k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€876€2k▲
Gross operating margin9900€22k€33k▲
Operating profit (loss)9901€-3k€6k▲
Financial income75/76B€175€0▼
Recurring financial income75€175€0▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€-12k€-654▲
Profit (loss) for the period9904€-12k€-654▲
Profit (loss) for the period to be appropriated9905€-12k€-654▲
Appropriation of the result
Profit (loss) to be appropriated9906€-293k€-293k▼
Profit (loss) brought forward from the previous period14P€-281k€-293k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €27k | €23k | €24k | €25k | ▲ 3.0% |
| Other operating charges640/8 | €5k | €1k | €1k | €876 | €2k | ▲ 98.8% |
| Gross operating margin9900 | €27k | €47k | €32k | €22k | €33k | ▲ 51.5% |
| Operating profit (loss)9901 | €-8k | €19k | €8k | €-3k | €6k | ▲ 293% |
| Financial income75/76B | - | €80 | €0 | €175 | €0 | ▼ 100% |
| Recurring financial income75 | - | €80 | €0 | €175 | €0 | ▼ 100% |
| Financial charges65/66B | €7k | €7k | €9k | €9k | €7k | ▼ 19.7% |
| Recurring financial charges65 | €7k | €7k | €9k | €9k | €7k | ▼ 19.7% |
| Profit (loss) for the period before taxes9903 | €-15k | €12k | €-603 | €-12k | €-654 | ▲ 94.5% |
| Profit (loss) for the period9904 | €-15k | €12k | €-603 | €-12k | €-654 | ▲ 94.5% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €12k | €-603 | €-12k | €-654 | ▲ 94.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212k | €191k | €147k | €154k | €137k | ▼ 11.2% |
| Fixed assets21/28 | €162k | €135k | €114k | €96k | €77k | ▼ 20.1% |
| Tangible fixed assets22/27 | €162k | €135k | €114k | €96k | €77k | ▼ 20.1% |
| Land and buildings22 | €162k | €135k | €114k | €96k | €77k | ▼ 20.1% |
| Current assets29/58 | €50k | €56k | €33k | €58k | €60k | ▲ 3.7% |
| Amounts receivable within one year40/41 | €50k | €55k | €33k | €57k | €60k | ▲ 5.9% |
| Trade receivables40 | €49k | €55k | €32k | €57k | €60k | ▲ 5.8% |
| Other amounts receivable41 | €446 | €105 | €718 | €33 | €120 | ▲ 262% |
| Cash at bank and in hand54/58 | €362 | €50 | €4 | €1k | €87 | ▼ 93.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212k | €191k | €147k | €154k | €137k | ▼ 11.2% |
| Equity10/15 | €-71k | €-59k | €-59k | €-71k | €-72k | ▼ 0.9% |
| Contributions10/11 | €217k | €217k | €217k | €217k | €217k | = |
| Capital10 | €217k | €217k | €217k | €217k | €217k | = |
| Issued capital100 | €217k | €217k | €217k | €217k | €217k | = |
| Reserves13 | €5k | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | €5k | €5k | €5k | €5k | €5k | = |
| Legal reserve130 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €-293k | €-280k | €-281k | €-293k | €-293k | ▼ 0.2% |
| Amounts payable17/49 | €283k | €249k | €206k | €225k | €208k | ▼ 7.3% |
| Amounts payable after more than one year17 | €15k | €0 | - | - | - | - |
| Financial debts170/4 | €15k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €268k | €249k | €206k | €225k | €208k | ▼ 7.3% |
| Current portion of amounts payable after more than one year42 | €21k | €15k | €0 | - | - | - |
| Financial debts43 | €34k | €49k | €0 | - | - | - |
| Credit institutions430/8 | €34k | €49k | €0 | - | - | - |
| Trade debts44 | €4k | €2k | €2k | €2k | €2k | ▼ 9.4% |
| Suppliers440/4 | €4k | €2k | €2k | €2k | €2k | ▼ 9.4% |
| Taxes, remuneration and social security45 | - | - | €9k | €0 | - | - |
| Taxes450/3 | - | - | €9k | €0 | - | - |
| Other amounts payable47/48 | €208k | €183k | €194k | €223k | €206k | ▼ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €12k | €-603 | €-12k | €-654 | ▲ 94.5% |
| + Depreciation and write-downs630 | €29k | €27k | €23k | €24k | €25k | ▲ 3.0% |
| Operating cash flow (approximation) | €15k | €39k | €22k | €12k | €24k | ▲ 96.0% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-6k | €-6k | ▲ 10.1% |
| Change in cash | - | €-312 | €-46 | €1k | €-1k | ▼ 194% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 4 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 1996
Ground area
202 m²
Building footprint
89 m²
Volume, LiDAR
730 m³
Parcel 21017D0375/00F004, Brussels · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MANA
since 19962.074.907.501
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0375/00F004 | Brussels | 202 m² | 1 · 89 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,005 companies in sector 96999 we hold annual accounts for 602. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
96999Other personal services
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.