MANACOACH
ActiveSummary
MANACOACH has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €251k and a net result of €83k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-4
Solvency48▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.45 in 2023; short-term debt: 40% and cash: 9% of total assets), and 77.3% of the assets are financed with debt.
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 8966 sector peers (2024).
NBB · sector comparisonPosition among 8966 sector peers
Solvency
better than 25%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €251k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
19 d early
2022
16 d early
2021
46 d early
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€83k▼ 28.9%
2023 · €116k
2018: €-71klowest in 7 years
2019: €-26k▲ +62.4% vs 2018
2020: €9k▲ +135% vs 2019
2021: €-13k▼ -244% vs 2020
2022: €7k▲ +152% vs 2021
2023: €116k▲ +1583% vs 2022highest in 7 years
2024: €83k▼ -28.9% vs 2023
2018 → 2024
Working capital
€-174k▲ 35.2%
2023 · €-268k
2018: €204khighest in 7 years
2019: €10k▼ -95.1% vs 2018
2020: €-421k▼ -4286% vs 2019lowest in 7 years
2021: €-401k▲ +4.8% vs 2020
2022: €-390k▲ +2.7% vs 2021
2023: €-268k▲ +31.3% vs 2022
2024: €-174k▲ +35.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€58k-€45k▼ 22.8%€52k▲ 15.5%€168k▲ 225%€251k▲ 49.2%
2020: €58k
2021: €45k▼ -22.8% vs 2020lowest in 5 years
2022: €52k▲ +15.5% vs 2021
2023: €168k▲ +225% vs 2022
2024: €251k▲ +49.2% vs 2023highest in 5 years
Operating result€23k-€54▼ 99.8%€19k▲ 34,330%€156k▲ 736%€122k▼ 21.8%
2020: €23k
2021: €54▼ -99.8% vs 2020lowest in 5 years
2022: €19k▲ +34330% vs 2021
2023: €156k▲ +736% vs 2022highest in 5 years
2024: €122k▼ -21.8% vs 2023
Net result€9k-€-13k€7k€116k▲ 1,583%€83k▼ 28.9%
2020: €9k
2021: €-13k▼ -244% vs 2020lowest in 5 years
2022: €7k▲ +152% vs 2021
2023: €116k▲ +1583% vs 2022highest in 5 years
2024: €83k▼ -28.9% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.10M
Fixed assets
€836k ▼ 8.2%
Current assets
€268k ▲ 20.0%
Equity and liabilities €1.10M
Equity
€251k ▲ 49.2%
Debt
€853k ▼ 11.6%
Debt's share of the balance-sheet total falls from 85.2% to 77.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€198k▼
2023 · €233k
Cash flow
€159k▼
2023 · €193k
Current ratio
0.61▲
2023 · 0.45
Debt to equity
3.40▼
2023 · 5.74
ROE
33.0%▼
2023 · 69.3%
ROA
7.5%▼
2023 · 10.3%
Interest coverage
20.03▼
2023 · 20.95
Debt ≤ 1 year
€442k▼
2023 · €492k
Debt > 1 year
€411k▼
2023 · €474k
Income taxes
€30k▲
2023 · €29k
Staff costs
€45k▲
2023 · €24k
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 · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.13M€1.10M▼
Fixed assets21/28€910k€836k▼
Tangible fixed assets22/27€910k€835k▼
Land and buildings22€477k€438k▼
Plant, machinery and equipment23€989€444▼
Furniture and vehicles24€0€2k▲
Other tangible fixed assets26€431k€395k▼
Financial fixed assets28€250€250=
Current assets29/58€224k€268k▲
Amounts receivable within one year40/41€184k€167k▼
Trade receivables40€164k€142k▼
Other amounts receivable41€20k€25k▲
Cash at bank and in hand54/58€35k€99k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.10M▼
Equity10/15€168k€251k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€56k€139k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€6k€6k=
Distributable reserves133€44k€127k▲
Profit (loss) carried forward14€50k€50k=
Amounts payable17/49€965k€853k▼
Amounts payable after more than one year17€474k€411k▼
Financial debts170/4€474k€411k▼
Amounts payable within one year42/48€492k€442k▼
Current portion of amounts payable after more than one year42€71k€62k▼
Trade debts44€46k€81k▲
Suppliers440/4€46k€81k▲
Taxes, remuneration and social security45€46k€29k▼
Taxes450/3€45k€20k▼
Remuneration and social security454/9€1k€8k▲
Other amounts payable47/48€329k€270k▼
Income statement
Code20232024
Remuneration, social security and pensions62€24k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€76k▼
Other operating charges640/8€8k€11k▲
Operating charges capitalised as restructuring costs649€0€0=
Gross operating margin9900€264k€254k▼
Operating profit (loss)9901€156k€122k▼
Financial income75/76B€85€810▲
Recurring financial income75€85€810▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€145k€113k▼
Income taxes67/77€29k€30k▲
Profit (loss) for the period9904€116k€83k▼
Profit (loss) for the period to be appropriated9905€116k€83k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€133k▲
Profit (loss) brought forward from the previous period14P€-66k€50k▲
Transfer to equity691/2-€83k
To other reserves6921-€83k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €38k | €40k | €24k | €45k | ▲ 85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76k | €76k | €77k | €76k | €76k | ▼ 0.1% |
| Other operating charges640/8 | - | €6k | €8k | €8k | €11k | ▲ 37.1% |
| Operating charges capitalised as restructuring costs649 | - | - | - | €0 | €0 | - |
| Non-recurring operating charges66A | - | €18k | - | - | - | - |
| Gross operating margin9900 | €135k | €138k | €144k | €264k | €254k | ▼ 4.1% |
| Operating profit (loss)9901 | €23k | €54 | €19k | €156k | €122k | ▼ 21.8% |
| Financial income75/76B | - | €1 | €18 | €85 | €810 | ▲ 848% |
| Recurring financial income75 | €0 | €1 | €18 | €85 | €810 | ▲ 848% |
| Financial charges65/66B | - | €13k | €12k | €11k | €10k | ▼ 10.8% |
| Recurring financial charges65 | €13k | €13k | €12k | €11k | €10k | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €9k | €-13k | €7k | €145k | €113k | ▼ 22.1% |
| Income taxes67/77 | €201 | €300 | €-303 | €29k | €30k | ▲ 5.3% |
| Profit (loss) for the period9904 | €9k | €-13k | €7k | €116k | €83k | ▼ 28.9% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-13k | €7k | €116k | €83k | ▼ 28.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.25M | €1.23M | €1.15M | €1.13M | €1.10M | ▼ 2.6% |
| Fixed assets21/28 | €1.13M | €1.06M | €986k | €910k | €836k | ▼ 8.2% |
| Tangible fixed assets22/27 | €1.13M | €1.06M | €986k | €910k | €835k | ▼ 8.2% |
| Land and buildings22 | - | €557k | €517k | €477k | €438k | ▼ 8.3% |
| Plant, machinery and equipment23 | - | - | €2k | €989 | €444 | ▼ 55.1% |
| Furniture and vehicles24 | - | €920 | - | €0 | €2k | - |
| Other tangible fixed assets26 | - | €501k | €467k | €431k | €395k | ▼ 8.3% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €127k | €175k | €167k | €224k | €268k | ▲ 20.0% |
| Amounts receivable within one year40/41 | €95k | €105k | €110k | €184k | €167k | ▼ 9.3% |
| Trade receivables40 | - | €59k | €102k | €164k | €142k | ▼ 13.9% |
| Other amounts receivable41 | - | €46k | €8k | €20k | €25k | ▲ 28.8% |
| Cash at bank and in hand54/58 | €29k | €67k | €54k | €35k | €99k | ▲ 185% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €5k | €2k | ▼ 56.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.25M | €1.23M | €1.15M | €1.13M | €1.10M | ▼ 2.6% |
| Equity10/15 | €58k | €45k | €52k | €168k | €251k | ▲ 49.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €56k | €56k | €56k | €56k | €139k | ▲ 148% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €44k | €44k | €44k | €127k | ▲ 188% |
| Profit (loss) carried forward14 | €-60k | €-73k | €-66k | €50k | €50k | = |
| Amounts payable17/49 | €1.20M | €1.19M | €1.10M | €965k | €853k | ▼ 11.6% |
| Amounts payable after more than one year17 | €648k | €614k | €544k | €474k | €411k | ▼ 13.2% |
| Financial debts170/4 | - | €614k | €544k | €474k | €411k | ▼ 13.2% |
| Amounts payable within one year42/48 | €548k | €576k | €557k | €492k | €442k | ▼ 10.1% |
| Current portion of amounts payable after more than one year42 | - | €68k | €69k | €71k | €62k | ▼ 11.5% |
| Financial debts43 | - | €109 | - | - | - | - |
| Credit institutions430/8 | - | €109 | - | - | - | - |
| Trade debts44 | €18k | €46k | €85k | €46k | €81k | ▲ 77.2% |
| Suppliers440/4 | - | €46k | €85k | €46k | €81k | ▲ 77.2% |
| Taxes, remuneration and social security45 | - | €29k | €22k | €46k | €29k | ▼ 38.3% |
| Taxes450/3 | - | €21k | €19k | €45k | €20k | ▼ 54.6% |
| Remuneration and social security454/9 | - | €8k | €3k | €1k | €8k | ▲ 469% |
| Other amounts payable47/48 | - | €432k | €380k | €329k | €270k | ▼ 18.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-13k | €7k | €116k | €83k | ▼ 28.9% |
| + Depreciation and write-downs630 | €76k | €76k | €77k | €76k | €76k | ▼ 0.1% |
| Operating cash flow (approximation) | €85k | €63k | €84k | €193k | €159k | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | €-8k | €-3k | €0 | €-2k | - |
| Change in cash | - | €38k | €-13k | €-19k | €64k | ▲ 431% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €251k ▲49.2%
3 profitable years in a row build equity to €251k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €116k ▲1,583%
Operating result €156k, net result €116k, both a record.
31-12
Financial
Equity above €150kEq €168k ▲225%
2 profitable years in a row build equity to €168k.
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Genappe · 1 establishment unit since 2004
Ground area
4,208 m²
Building footprint
134 m²
Volume, LiDAR
860 m³
Parcel 25003G0099/00H000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MANACOACH
since 20042.143.131.262
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25003G0099/00H000 | Wallonia | 4,208 m² | 1 · 134 m² | 8.0 m · 2 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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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,014 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.