Management Nco
ActiveSummary
The computed 12-month bankruptcy probability of Management Nco is 1.7% (moderate). For Management Nco, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €86k and a net result of €-19k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 4853 sector peers (fiscal year 2022). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0▼-3
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
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
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 2022Solvency, return and age of the figures
Solvency
90.1%
Return on assets
-19.8%
Age of the figures
45 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-07-2023, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
on the day
2021
14 d late
2020
89 d late
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€86k▼ 18.0%
2021 · €105k
2018: €147khighest in 5 years
2019: €134k▼ -9.0% vs 2018
2020: €120k▼ -10.7% vs 2019
2021: €105k▼ -11.8% vs 2020
2022: €86k▼ -18.0% vs 2021lowest in 5 years
2018 → 2022
Total assets
€96k▼ 11.8%
2021 · €109k
2018: €168khighest in 5 years
2019: €147k▼ -12.7% vs 2018
2020: €122k▼ -16.8% vs 2019
2021: €109k▼ -11.0% vs 2020
2022: €96k▼ -11.8% vs 2021lowest in 5 years
2018 → 2022
Net result
€-19k▼ 34.9%
2021 · €-14k
2018: €-35klowest in 5 years
2019: €-13k▲ +61.8% vs 2018highest in 5 years
2020: €-14k▼ -8.2% vs 2019
2021: €-14k▲ +1.8% vs 2020
2022: €-19k▼ -34.9% vs 2021
2018 → 2022
Working capital
€13k▼ 61.3%
2021 · €34k
2018: €72khighest in 5 years
2019: €54k▼ -25.5% vs 2018
2020: €44k▼ -18.6% vs 2019
2021: €34k▼ -23.0% vs 2020
2022: €13k▼ -61.3% vs 2021lowest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€147k-€134k▼ 9.0%€120k▼ 10.7%€105k▼ 11.8%€86k▼ 18.0%
2018: €147khighest in 5 years
2019: €134k▼ -9.0% vs 2018
2020: €120k▼ -10.7% vs 2019
2021: €105k▼ -11.8% vs 2020
2022: €86k▼ -18.0% vs 2021lowest in 5 years
Operating result€-40k-€-15k▲ 62.9%€-14k▲ 8.8%€-14k▼ 1.0%€-19k▼ 38.6%
2018: €-40klowest in 5 years
2019: €-15k▲ +62.9% vs 2018
2020: €-14k▲ +8.8% vs 2019highest in 5 years
2021: €-14k▼ -1.0% vs 2020
2022: €-19k▼ -38.6% vs 2021
Net result€-35k-€-13k▲ 61.8%€-14k▼ 8.2%€-14k▲ 1.8%€-19k▼ 34.9%
2018: €-35klowest in 5 years
2019: €-13k▲ +61.8% vs 2018highest in 5 years
2020: €-14k▼ -8.2% vs 2019
2021: €-14k▲ +1.8% vs 2020
2022: €-19k▼ -34.9% vs 2021
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2022 against €14k in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €96k
Fixed assets
€73k ▲ 2.3%
Current assets
€23k ▼ 39.2%
Equity and liabilities €96k
Equity
€86k ▼ 18.0%
Debt
€10k ▲ 179%
Debt's share of the balance-sheet total rises from 3.1% to 9.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-10k▼
2021 · €-6k
Cash flow
€-10k▼
2021 · €-7k
Current ratio
2.37▼
2021 · 10.86
Debt to equity
0.11▲
2021 · 0.03
ROE
-22.0%▼
2021 · -13.3%
ROA
-19.8%▼
2021 · -12.9%
Interest coverage
-266.75▼
2021 · -15.87
Debt ≤ 1 year
€10k▲
2021 · €3k
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 · 2022 against 2021 · 38 lines
Balance sheet
Code20212022
Assets
Total assets20/58€109k€96k▼
Fixed assets21/28€72k€73k▲
Tangible fixed assets22/27€72k€73k▲
Land and buildings22€64k€58k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€5k€14k▲
Current assets29/58€37k€23k▼
Amounts receivable within one year40/41€21k€17k▼
Trade receivables40€13k€13k=
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€15k€5k▼
Deferred charges and accrued income490/1€1k€542▼
Equity and liabilities
Total equity and liabilities10/49€109k€96k▼
Equity10/15€105k€86k▼
Contributions10/11€19k€19k=
Reserves13€69k€69k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€18k€-1k▼
Amounts payable17/49€3k€10k▲
Amounts payable within one year42/48€3k€10k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45-€10
Taxes450/3-€10
Other amounts payable47/48€1k€7k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-4k€-9k▼
Operating profit (loss)9901€-14k€-19k▼
Financial charges65/66B€399€39▼
Recurring financial charges65€399€39▼
Profit (loss) for the period before taxes9903€-14k€-19k▼
Profit (loss) for the period9904€-14k€-19k▼
Profit (loss) for the period to be appropriated9905€-14k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-1k▼
Profit (loss) brought forward from the previous period14P€32k€18k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €7k | €7k | €9k | ▲ 17.8% |
| Other operating charges640/8 | - | - | - | €2k | €2k | ▼ 6.1% |
| Gross operating margin9900 | €-28k | €-5k | €-6k | €-4k | €-9k | ▼ 91.9% |
| Operating profit (loss)9901 | €-40k | €-15k | €-14k | €-14k | €-19k | ▼ 38.6% |
| Recurring financial income75 | €6k | €3k | - | - | - | - |
| Financial charges65/66B | - | - | - | €399 | €39 | ▼ 90.3% |
| Recurring financial charges65 | €857 | €2k | €465 | €399 | €39 | ▼ 90.3% |
| Profit (loss) for the period before taxes9903 | €-35k | €-13k | €-14k | €-14k | €-19k | ▼ 34.9% |
| Income taxes67/77 | €3 | - | €324 | - | - | - |
| Profit (loss) for the period9904 | €-35k | €-13k | €-14k | €-14k | €-19k | ▼ 34.9% |
| Profit (loss) for the period to be appropriated9905 | €-35k | €-13k | €-14k | €-14k | €-19k | ▼ 34.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168k | €147k | €122k | €109k | €96k | ▼ 11.8% |
| Fixed assets21/28 | €82k | €80k | €76k | €72k | €73k | ▲ 2.3% |
| Tangible fixed assets22/27 | €82k | €80k | €76k | €72k | €73k | ▲ 2.3% |
| Land and buildings22 | - | - | - | €64k | €58k | ▼ 9.8% |
| Plant, machinery and equipment23 | - | - | - | €3k | €2k | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €5k | €14k | ▲ 160% |
| Current assets29/58 | €87k | €67k | €47k | €37k | €23k | ▼ 39.2% |
| Amounts receivable within one year40/41 | €28k | €20k | €33k | €21k | €17k | ▼ 21.2% |
| Trade receivables40 | - | - | - | €13k | €13k | = |
| Other amounts receivable41 | - | - | - | €8k | €4k | ▼ 54.3% |
| Cash at bank and in hand54/58 | €55k | €44k | €12k | €15k | €5k | ▼ 62.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €542 | ▼ 63.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168k | €147k | €122k | €109k | €96k | ▼ 11.8% |
| Equity10/15 | €147k | €134k | €120k | €105k | €86k | ▼ 18.0% |
| Contributions10/11 | €19k | €19k | - | €19k | €19k | = |
| Reserves13 | €69k | €69k | €69k | €69k | €69k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €67k | €67k | = |
| Profit (loss) carried forward14 | €59k | €46k | €32k | €18k | €-1k | ▼ 107% |
| Amounts payable17/49 | €21k | €13k | €3k | €3k | €10k | ▲ 179% |
| Amounts payable after more than one year17 | €7k | - | - | - | - | - |
| Amounts payable within one year42/48 | €14k | €13k | €3k | €3k | €10k | ▲ 179% |
| Trade debts44 | €4k | €3k | €748 | €2k | €3k | ▲ 34.3% |
| Suppliers440/4 | - | - | - | €2k | €3k | ▲ 34.3% |
| Taxes, remuneration and social security45 | - | - | - | - | €10 | - |
| Taxes450/3 | - | - | - | - | €10 | - |
| Other amounts payable47/48 | - | - | - | €1k | €7k | ▲ 394% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-35k | €-13k | €-14k | €-14k | €-19k | ▼ 34.9% |
| + Depreciation and write-downs630 | €7k | €7k | €7k | €7k | €9k | ▲ 17.8% |
| Operating cash flow (approximation) | €-28k | €-6k | €-7k | €-7k | €-10k | ▼ 53.5% |
| Investment in fixed assets (approximation) | - | €-5k | €-3k | €-3k | €-10k | ▼ 207% |
| Change in cash | - | €-11k | €-32k | €3k | €-9k | ▼ 447% |
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
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 16.43
Current ratio from 5.06 to 16.43; short-term debt falls from €13k to €3k.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 120 days late
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 124 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 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, Hensies · 1 establishment unit since 1995
Ground area
2,977 m²
Building footprint
282 m²
Volume, LiDAR
981 m³
Parcel 53039C0753/00R000, Wallonia · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Management Nco
since 19952.070.941.684
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53039C0753/00R000 | Wallonia | 2,977 m² | 1 · 282 m² | 5.5 m · 1 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 7,006 companies in sector 81220 we hold annual accounts for 2,414. 2,035 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
81220Other building cleaning and industrial cleaning
97000Households as employers of domestic personnel
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.