MANAIA
ActiveThe computed 12-month bankruptcy probability of MANAIA is 1.8% (moderate). The 2025 annual accounts show negative equity (€-65k) and a net result of €-15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4555 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33=
Growth72▲+17
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 2025Age of the figures
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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€65k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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 · 10 filingsDeviation from the deadline
2025
40 d late
2024
29 d late
2023
29 d late
2022
31 d early
2021
85 d late
2020
27 d late
2019
38 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€39k▲ 25.6%
2022 · €31k
2021: €10k
2022: €31k
2021 → 2023
EBIT margin
-46.2%▼ 0.2pp
2022 · -46.0%
2021: -108.7%
2022: -46.0%
2021 → 2023
Net result
€-15k▲ 43.6%
2024 · €-26k
2018: €-22k
2019: €-347
2021: €-11k
2022: €-14k
2023: €-18k
2024: €-26k
2018 → 2025
Working capital
€-65k▼ 23.5%
2024 · €-53k
2018: €18k
2021: €-7k
2022: €-17k
2023: €-31k
2024: €-53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10k-€31k▲ 195%€39k▲ 25.6%
Equity€9k-€-6k€-24k▼ 327%€-50k▼ 111%€-65k▼ 29.7%
Operating result€-11k-€-14k▼ 24.7%€-18k▼ 26.3%€-24k▼ 32.5%€-15k▲ 38.6%
Net result€-11k-€-14k▼ 25.8%€-18k▼ 26.0%€-26k▼ 45.0%€-15k▲ 43.6%
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 €15k in 2025 against €24k in 2024; the loss shrinks.
Key figures and ratios
EBITDA
€-12k▲
2024 · €-19k
Cash flow
€-12k▲
2024 · €-22k
Interest coverage
-51.83▲
2024 · -82.34
Debt
€65k▲
2024 · €54k
Debt ≤ 1 year
€65k▲
2024 · €54k
Income taxes
€0▼
2024 · €2k
Staff costs
€72▼
2024 · €3k
Ratios withheld: a balance sheet total of €216 is too small for a meaningful ratio.
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€4k€216▼
Fixed assets21/28€2k€0▼
Tangible fixed assets22/27€2k€0▼
Furniture and vehicles24€2k€0▼
Current assets29/58€1k€216▼
Amounts receivable within one year40/41€550€0▼
Other amounts receivable41€550€0▼
Cash at bank and in hand54/58€230€216▼
Deferred charges and accrued income490/1€608€0▼
Equity and liabilities
Total equity and liabilities10/49€4k€216▼
Equity10/15€-50k€-65k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-71k€-85k▼
Amounts payable17/49€54k€65k▲
Amounts payable within one year42/48€54k€65k▲
Trade debts44€17k€34k▲
Suppliers440/4€17k€34k▲
Taxes, remuneration and social security45€3k€961▼
Taxes450/3€2k€961▼
Remuneration and social security454/9€841€0▼
Other amounts payable47/48€34k€30k▼
Income statement
Code20242025
Remuneration, social security and pensions62€3k€72▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€3k€336▼
Gross operating margin9900€-13k€-12k▲
Operating profit (loss)9901€-24k€-15k▲
Financial charges65/66B€234€234▼
Recurring financial charges65€234€234▼
Profit (loss) for the period before taxes9903€-24k€-15k▲
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€-26k€-15k▲
Profit (loss) for the period to be appropriated9905€-26k€-15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-71k€-85k▼
Profit (loss) brought forward from the previous period14P€-44k€-71k▼
The notes to these accounts (4 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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Schaarbeek · 1 establishment unit since 1989
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.
Helmetsesteenweg 3191030 SchaarbeekGround area
586 m²
Building footprint
161 m²
Volume, LiDAR
2,293 m³
Parcel 21015A0192/00L000, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MANAIA
since 19892.041.737.657
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0192/00L000 | Brussels | 586 m² | 1 · 161 m² | 18.8 m · 5 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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Of 21,679 companies in sector 96210 we hold annual accounts for 2,806. 2,220 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-1988
Fiscal year end31-12
Activities, NACEBEL
96021Hairdressing
96210Hairdressing and barber services
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.