MANAHANA
ActiveSummary
MANAHANA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €47k. Equity is growing by ~34.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-3
Solvency57▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.15 in 2024; short-term debt: 18.2% and cash: 11.2% of total assets), but 68% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
32%
Return on assets
9.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
27 d late
2022
51 d late
2021
30 d late
2020
31 d late
2019
47 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▲ 43.5%
2024 · €109k
2018: €19k
2019: €20k
2020: €22k
2021: €34k
2022: €19k
2023: €50k
2024: €109k
2018 → 2025
Total assets
€487k▲ 2.7%
2024 · €474k
2018: €56k
2019: €54k
2020: €208k
2021: €180k
2022: €394k
2023: €432k
2024: €474k
2018 → 2025
Net result
€47k▼ 19.1%
2024 · €58k
2018: €13k
2019: €1k
2020: €24k
2021: €12k
2022: €-15k
2023: €32k
2024: €58k
2018 → 2025
Working capital
€80k▲ 404%
2024 · €16k
2018: €17k
2019: €11k
2020: €-101k
2021: €2k
2022: €-220k
2023: €-246k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€19k▼ 45.1%€50k▲ 170%€109k▲ 116%€156k▲ 43.5%
Operating result€20k-€-12k€52k€102k▲ 95.7%€88k▼ 14.3%
Net result€12k-€-15k€32k€58k▲ 84.8%€47k▼ 19.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €487k
Fixed assets
€319k ▼ 9.7%
Current assets
€168k ▲ 38.6%
Equity and liabilities €487k
Equity
€156k ▲ 43.5%
Debt
€331k ▼ 9.4%
Debt's share of the balance-sheet total falls from 77.1% to 68.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€123k▼
2024 · €137k
Cash flow
€83k▼
2024 · €93k
Current ratio
1.90▲
2024 · 1.15
Debt to equity
2.13▼
2024 · 3.37
ROE
30.3%▼
2024 · 53.8%
ROA
9.7%▼
2024 · 12.3%
Interest coverage
14.69▼
2024 · 23.13
Debt ≤ 1 year
€89k▼
2024 · €106k
Debt > 1 year
€240k▼
2024 · €258k
Income taxes
€32k▼
2024 · €38k
Staff costs
€269k▼
2024 · €270k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€474k€487k▲
Fixed assets21/28€353k€319k▼
Tangible fixed assets22/27€353k€319k▼
Land and buildings22€310k€300k▼
Furniture and vehicles24€43k€19k▼
Current assets29/58€122k€168k▲
Amounts receivable within one year40/41€60k€109k▲
Trade receivables40-€1k
Other amounts receivable41€60k€108k▲
Cash at bank and in hand54/58€58k€55k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€474k€487k▲
Equity10/15€109k€156k▲
Contributions10/11€6k€6k=
Outside capital11€6k-
Other1109/19€6k-
Reserves13€82k€129k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€80k€127k▲
Profit (loss) carried forward14€21k€21k=
Amounts payable17/49€366k€331k▼
Amounts payable after more than one year17€258k€240k▼
Financial debts170/4€258k€240k▼
Amounts payable within one year42/48€106k€89k▼
Current portion of amounts payable after more than one year42€32k€23k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€72k€63k▼
Taxes450/3€37k€36k▼
Remuneration and social security454/9€34k€26k▼
Other amounts payable47/48€700-
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€270k€269k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€36k▲
Other operating charges640/8€7k€2k▼
Gross operating margin9900€414k€394k▼
Operating profit (loss)9901€102k€88k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€96k€79k▼
Income taxes67/77€38k€32k▼
Profit (loss) for the period9904€58k€47k▼
Profit (loss) for the period to be appropriated9905€58k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€68k▼
Profit (loss) brought forward from the previous period14P€11k€21k▲
Transfer to equity691/2€48k€47k▼
To other reserves6921€48k€47k▼
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €150kEq €156k ▲43.5%
3 profitable years in a row build equity to €156k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €58k ▲84.8%
Operating result €102k, net result €58k, both a record.
31-12
Financial
Liquidity times 7current ratio 1.15
Current ratio from 0.17 to 1.15; short-term debt falls from €298k to €106k.
31-12
Financial
Equity above €100kEq €109k ▲116%
2 profitable years in a row build equity to €109k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial
Weakest financial yearnet €-15k ▼229%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.46 to 1.03; short-term debt falls from €186k to €47k.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 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, Courcelles · 1 establishment unit since 2017
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.
Rue des Bouleaux 356180 CourcellesGround area
915 m²
Building footprint
180 m²
Volume, LiDAR
1,075 m³
Parcel 52322A0185/00W000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MANAHANA
since 20172.270.432.379
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322A0185/00W000 | Wallonia | 915 m² | 1 · 180 m² | 8.3 m · 2 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.
Similar companies · same sector, comparable size
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ASSURANCES LADURON
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ALIVIA MANAGEMENT
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,759 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
63920Other information service activities
73300Public relations and communication consultancy
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.