MANAG'AIR
ActiveMANAG'AIR has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211k and a net result of €19k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+6
Solvency100=
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 8.74 against 29.11 in 2024; short-term debt: 11.4% and cash: 87.6% of total assets), and 11.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.6%
Return on assets
8.1%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
on the day
2023
12 d early
2022
7 d early
2021
22 d late
2020
27 d late
2019
27 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€33k▼ 67.5%
2019 · €103k
2018: €150k
2019: €103k
2018 → 2020
EBIT margin
23.0%▼ 36.5pp
2019 · 59.4%
2018: 29.7%
2019: 59.4%
2018 → 2020
Net result
€19k▲ 197%
2024 · €6k
2018: €18k
2019: €47k
2020: €607
2021: €14k
2022: €15k
2023: €8k
2024: €6k
2018 → 2025
Working capital
€210k▲ 6.9%
2024 · €196k
2018: €123k
2019: €172k
2020: €172k
2021: €166k
2022: €190k
2023: €183k
2024: €196k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€189k-€204k▲ 7.7%€185k▼ 9.4%€191k▲ 3.5%€211k▲ 10.1%
Operating result€25k-€21k▼ 15.0%€5k▼ 77.8%€16k▲ 235%€17k▲ 7.5%
Net result€14k-€15k▲ 3.2%€8k▼ 43.2%€6k▼ 21.5%€19k▲ 197%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€402▼ 69.5%
Current assets
€237k▲ 16.6%
Equity and liabilities €238k
Equity
€211k▲ 10.1%
Debt
€27k▲ 101%
The debt ratio rises from 6.6% to 11.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▲
2024 · €17k
Cash flow
€20k▲
2024 · €7k
Solvency
88.6%▼
2024 · 93.4%
Current ratio
8.74▼
2024 · 29.11
Quick ratio
8.74▼
2024 · 29.11
Debt / equity
0.13▲
2024 · 0.07
ROE
9.1%▲
2024 · 3.4%
ROA
8.1%▲
2024 · 3.2%
Interest coverage
45.54▼
2024 · 78.20
Debt
€27k▲
2024 · €14k
Debt ≤ 1 year
€27k▲
2024 · €7k
Income taxes
€-4k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€205k€238k▲
Fixed assets21/28€1k€402▼
Tangible fixed assets22/27€1k€402▼
Plant, machinery and equipment23€631€402▼
Furniture and vehicles24€685-
Current assets29/58€203k€237k▲
Amounts receivable within one year40/41€13k€29k▲
Trade receivables40€12k€27k▲
Other amounts receivable41€89€2k▲
Cash at bank and in hand54/58€191k€208k▲
Equity and liabilities
Total equity and liabilities10/49€205k€238k▲
Equity10/15€191k€211k▲
Contributions10/11€6k€6k=
Reserves13€100k€119k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€98k€117k▲
Profit (loss) carried forward14€85k€85k▲
Amounts payable17/49€14k€27k▲
Amounts payable within one year42/48€7k€27k▲
Trade debts44€2k€27k▲
Suppliers440/4€2k€27k▲
Taxes, remuneration and social security45€5k-
Taxes450/3€5k-
Accrued charges and deferred income492/3€7k-
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€68k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€934€915▼
Other operating charges640/8€546€563▲
Gross operating margin9900€17k€18k▲
Operating profit (loss)9901€16k€17k▲
Financial income75/76B€899-
Recurring financial income75€899-
Financial charges65/66B€211€988▲
Recurring financial charges65€211€388▲
Non-recurring financial charges66B-€600
Profit (loss) for the period before taxes9903€16k€16k▼
Income taxes67/77€10k€-4k▼
Profit (loss) for the period9904€6k€19k▲
Profit (loss) for the period to be appropriated9905€6k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€91k€104k▲
Profit (loss) brought forward from the previous period14P€85k€85k▲
Transfer to equity691/2€6k€19k▲
To contributions691€6k-
To other reserves6921-€19k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €211k ▲10.1%
8 profitable years in a row build equity to €211k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 36.04
Current ratio from 13.39 to 36.04; short-term debt falls from €15k to €5k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 13.39
Current ratio from 5.02 to 13.39; short-term debt falls from €41k to €15k.
31-12
Financial
Equity above €200kEq €204k ▲7.7%
5 profitable years in a row build equity to €204k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €607 ▼98.7%
Net result drops to €607, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 20current ratio 300.08
Current ratio from 15.00 to 300.08; short-term debt falls from €12k to €575.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Highest result since 2018net €47k ▲169%
Operating result €61k, net result €47k, both a record.
31-12
Financial
Equity above €150kEq €175k ▲37.3%
2 profitable years in a row build equity to €175k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hoeilaart · 1 establishment unit since 2011
Cannot 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.
Generaal Lemanstraat 141560 HoeilaartGround area
2,077 m²
Building footprint
207 m²
Volume, LiDAR
964 m³
Parcel 23033A0735/00R039, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MANAG'AIR
since 20112.198.393.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033A0735/00R039 | Flanders | 2,077 m² | 1 · 207 m² | 10.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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CAPTUM
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NARRANUM
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 39,646 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2011
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
46643Wholesale of electrical equipment, including installation materials
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.