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MANAGELAB

Active
Private limited companyfounded 2011active for 15 yearsVaringstraat(Sme) 14, 9506 Geraardsbergen, BelgiumKBO/BCE: BE 0840.435.021

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 05-07-2026 at the NBB all 14 filings

Turnover
€159,598▼ 0.1%
2024 · €159,831
EBIT margin
17.5%▼ 9.5pp
2024 · 27.0%
Net result
€20,106▼ 97.5%
2024 · €803,040
Working capital
€1.1m▲ 1.6%
2024 · €1.1m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 35% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Turnover€0.2m 2025 Operating result€0.03m 2025 Net result€0.02m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.2m€0.2m▲ 0.2%€0.2m▲ 0.3%€0.2m▲ 0.3%€0.2m▼ 0.1%
Operating result€0.08m-€0.08m▲ 7.2%€0.08m▲ 2.1%€0.08m▼ 4.7%€0.05m▼ 32.1%€0.05m▲ 0.4%€0.04m▼ 21.0%€0.03m▼ 35.4%
Net result€0.1m-€0.2m▲ 5.0%€0.1mabove the sector's middle half▼ 6.9%€0.2mabove the sector's middle half▲ 62.6%€0.2mabove the sector's middle half▲ 2.5%€0.2mabove the sector's middle half▼ 9.1%€0.8mabove the sector's middle half▲ 264%€0.02mwithin the sector's middle half▼ 97.5%
EBIT margin50.4%34.2%▼ 16.2pp34.2%=27.0%▼ 7.3pp17.5%▼ 9.5pp
Equity€0.8m-€0.9m▲ 20.6%€1.1mwithin the sector's middle half▲ 15.9%€1.3mabove the sector's middle half▲ 22.3%€1.5mabove the sector's middle half▲ 18.7%€1.5mabove the sector's middle half▼ 5.1%€2.3mabove the sector's middle half▲ 54.9%€2.3mabove the sector's middle half▲ 0.9%
Total assets€1.2m-€1.3m▲ 2.2%€1.3mwithin the sector's middle half▲ 1.4%€1.4mwithin the sector's middle half▲ 9.3%€1.6mwithin the sector's middle half▲ 11.5%€1.8mwithin the sector's middle half▲ 13.6%€2.4mwithin the sector's middle half▲ 32.6%€2.4mabove the sector's middle half▼ 0.1%
Debt€0.5m-€0.4m▼ 26.5%€0.2m▼ 35.6%€0.1m▼ 50.9%€0.03m▼ 71.2%€0.3m▲ 904%€0.1m▼ 67.3%€0.08m▼ 21.4%
Working capital-€0.4m--€0.3m▲ 32.5%-€0.1mbelow the sector's middle half▲ 54.0%€0.1mwithin the sector's middle half€0.4mwithin the sector's middle half▲ 213%€0.3mwithin the sector's middle half▼ 22.6%€1.1mabove the sector's middle half▲ 295%€1.1mabove the sector's middle half▲ 1.6%
Solvency60.9%-71.9%▲ 11.0pp82.2%above the sector's middle half▲ 10.3pp92.0%above the sector's middle half▲ 9.8pp97.9%above the sector's middle half▲ 5.9pp81.7%above the sector's middle half▼ 16.2pp95.5%above the sector's middle half▲ 13.8pp96.5%above the sector's middle half▲ 1.0pp
Current ratio0.13-0.24▲ 0.120.46below the sector's middle half▲ 0.222.03within the sector's middle half▲ 1.5711.81above the sector's middle half▲ 9.781.83within the sector's middle half▼ 9.9711.07above the sector's middle half▲ 9.2414.03above the sector's middle half▲ 2.96
Return on assets (ROA)12.0%-12.3%▲ 0.3pp11.3%within the sector's middle half▼ 1.0pp16.8%above the sector's middle half▲ 5.5pp15.4%above the sector's middle half▼ 1.3pp12.3%within the sector's middle half▼ 3.1pp33.9%above the sector's middle half▲ 21.5pp0.8%within the sector's middle half▼ 33.0pp
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets €1.2m ▲ 0.2%
Current assets €1.2m ▼ 0.5%
Equity and liabilities €2.4m
Equity €2.3m ▲ 0.9%
Debt €83,856 ▼ 21.4%
Debt's share of the balance-sheet total falls from 4.5% to 3.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.04▼
2024 · 0.05
ROE
0.9%▼
2024 · 35.5%
Debt ≤ 1 year
€83,856▼
2024 · €106,754
Income taxes
€7,245▼
2024 · €89,246
Customer credit
1392 days▼
2024 · 2524 days
Supplier credit
228 days▲
2024 · 76 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as MANAGELAB: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.1m and €2.7m, founded between 2010 and 2012.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
MANAGELAB Geraardsbergen2011€2.4m€2.3m€0.03m€0.2m€0.02m-2025
Arura Gent2010€2.5m€2.5m€0.03m-€0.1m-2025
MARON INSURANCE GROUP Verviers2012€2.2m€0.6m€0.03m--€0.08m-2025
PPP Group Lasne2011€2.6m€1.0m€0.03m-€0.3m02024
BOCKEN BEHEER Maasmechelen2010€2.7m€1.1m€0.03m-€0.08m0.82025
STIJN VAN OPSTAL Ichtegem2010€2.1m€1.7m€0.03m-€0.01m-2025
C0089 Koksijde2012€2.5m€2.0m€0.03m--€0.03m-2025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Source: Annual accounts 2025 at the NBB, filed on 05-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€2.4m€2.4m▼
Fixed assets21/28€1.2m€1.2m▲
Financial fixed assets28€1.2m€1.2m▲
Current assets29/58€1.2m€1.2m▼
Amounts receivable within one year40/41€1.1m€0.6m▼
Other amounts receivable41€1.1m€0.6m▼
Current investments50/53-€0.1m
Cash at bank and in hand54/58€0.08m€0.4m▲
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.4m▼
Equity10/15€2.3m€2.3m▲
Contributions10/11€0.01m€0.01m=
Reserves13€1.4m€1.4m▲
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Distributable reserves133€1.4m€1.4m▲
Profit (loss) carried forward14€0.8m€0.8m=
Amounts payable17/49€0.1m€0.08m▼
Amounts payable within one year42/48€0.1m€0.08m▼
Trade debts44€0.02m€0.08m▲
Suppliers440/4€0.02m€0.08m▲
Taxes, remuneration and social security45€0.08m€0.002m▼
Taxes450/3€0.08m€0.002m▼
Income statement Code20242025
Turnover70€0.2m€0.2m▼
Goods, raw materials, services and sundry goods60/61€0.1m€0.1m▲
Other operating charges640/8€0.001m€0.001m▲
Gross operating margin9900€0.04m€0.03m▼
Operating profit (loss)9901€0.04m€0.03m▼
Financial income75/76B€0.8m-
Recurring financial income75€0.8m-
Financial charges65/66B€0.001m€0.001m▼
Recurring financial charges65€0.001m€0.001m▼
Profit (loss) for the period before taxes9903€0.9m€0.03m▼
Income taxes67/77€0.09m€0.007m▼
Profit (loss) for the period9904€0.8m€0.02m▼
Profit (loss) for the period to be appropriated9905€0.8m€0.02m▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.6m€0.9m▼
Profit (loss) brought forward from the previous period14P€0.8m€0.8m=
Transfer to equity691/2€0.8m€0.02m▼
To other reserves6921€0.8m€0.02m▼

The notes to these accounts have 3 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.

Line20182019202020212022202320242025Change
Turnover70---€158,656€158,913€159,391€159,831€159,598▼ 0.1%
Goods, raw materials, services and sundry goods60/61---€76,757€103,585€103,659€115,554€130,553▲ 13.0%
Other operating charges640/8---€1,884€990€1,156€1,157€1,189▲ 2.8%
Gross operating margin9900€77,716€83,221€84,039€81,899€55,328€55,732€44,277€29,046▼ 34.4%
Operating profit (loss)9901€76,718€82,220€83,920€80,015€54,338€54,576€43,120€27,857▼ 35.4%
Financial income75/76B---€199,926€199,925€199,925€849,683--
Recurring financial income75€99,963€99,963€99,963€199,926€199,925€199,925€849,683--
Financial charges65/66B---€4,054€441€375€517€506▼ 2.1%
Recurring financial charges65€14,668€11,712€8,124€4,054€441€375€517€506▼ 2.1%
Profit (loss) for the period before taxes9903€162,013€170,471€175,759€275,887€253,822€254,126€892,286€27,351▼ 96.9%
Income taxes67/77€12,955€14,005€30,115€39,050€11,000€33,479€89,246€7,245▼ 91.9%
Profit (loss) for the period9904€149,058€156,466€145,644€236,837€242,822€220,647€803,040€20,106▼ 97.5%
Profit (loss) for the period to be appropriated9905€149,058€156,466€145,644€236,837€242,822€220,647€803,040€20,106▼ 97.5%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.2m€1.3m€1.3m€1.4m€1.6m€1.8m€2.4m€2.4m▼ 0.1%
Fixed assets21/28€1.2m€1.2m€1.2m€1.2m€1.2m€1.2m€1.2m€1.2m▲ 0.2%
Financial fixed assets28€1.2m€1.2m€1.2m€1.2m€1.2m€1.2m€1.2m€1.2m▲ 0.2%
Current assets29/58€0.06m€0.08m€0.1m€0.2m€0.4m€0.6m€1.2m€1.2m▼ 0.5%
Amounts receivable within one year40/41€0.04m€0.07m€0.08m€0.2m€0.4m€0.6m€1.1m€0.6m▼ 44.9%
Trade receivables40---€0.02m-----
Other amounts receivable41---€0.2m€0.4m€0.6m€1.1m€0.6m▼ 44.9%
Current investments50/53-------€0.1m-
Cash at bank and in hand54/58€0.02m€0.02m€0.02m€0.01m€0.03m€0.04m€0.08m€0.4m▲ 468%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.3m€1.3m€1.4m€1.6m€1.8m€2.4m€2.4m▼ 0.1%
Equity10/15€0.8m€0.9m€1.1m€1.3m€1.5m€1.5m€2.3m€2.3m▲ 0.9%
Contributions10/11€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m=
Reserves13€0.002m€0.002m€0.1m€0.4m€0.4m€0.6m€1.4m€1.4m▲ 1.4%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m=
Distributable reserves133---€0.4m€0.4m€0.6m€1.4m€1.4m▲ 1.4%
Profit (loss) carried forward14€0.7m€0.9m€0.9m€0.9m€1.1m€0.8m€0.8m€0.8m=
Amounts payable17/49€0.5m€0.4m€0.2m€0.1m€0.03m€0.3m€0.1m€0.08m▼ 21.4%
Amounts payable after more than one year17€0.03m--------
Amounts payable within one year42/48€0.4m€0.3m€0.2m€0.1m€0.03m€0.3m€0.1m€0.08m▼ 21.4%
Trade debts44€0.001m€0.004m€0.006m€0.002m-€0.001m€0.02m€0.08m▲ 237%
Suppliers440/4---€0.002m-€0.001m€0.02m€0.08m▲ 237%
Taxes, remuneration and social security45---€0.06m€0.03m€0.03m€0.08m€0.002m▼ 97.1%
Taxes450/3---€0.05m€0.03m€0.03m€0.08m€0.002m▼ 97.1%
Remuneration and social security454/9---€0.004m-----
Other amounts payable47/48---€0.05m-€0.3m---
Accrued charges and deferred income492/3---€0.004m-----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€149,058€156,466€145,644€236,837€242,822€220,647€803,040€20,106▼ 97.5%
Operating cash flow (approximation)€149,058€156,466€145,644€236,837€242,822€220,647€803,040€20,106▼ 97.5%
Investment in fixed assets (approximation)-€0€0€0-€0€0€0-€2,625-
Change in cash--€3,304€2,053-€7,619€19,059€14,617€32,694€358,183▲ 996%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 05-07-2026 2026-00257681 NBB
31-12-2024 abbreviated format 01-07-2025 2025-00238552 PDF
31-12-2023 abbreviated format 25-06-2024 2024-00197900 PDF
31-12-2022 abbreviated format 11-07-2023 2023-00237547 PDF
31-12-2021 abbreviated format 02-07-2022 2022-20131350 PDF
31-12-2020 abbreviated format 30-06-2021 2021-28600128 PDF
31-12-2019 abbreviated format 28-06-2020 2020-23700327 PDF
31-12-2018 abbreviated format 01-07-2019 2019-27700211 PDF
31-12-2017 abbreviated format 24-06-2018 2018-24400005 PDF
31-12-2016 abbreviated format 22-06-2017 2017-21000213 PDF

Show all 14 filings

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