MANAISA
ActiveThe computed 12-month bankruptcy probability of MANAISA is 4.7% (elevated). The 2024 annual accounts show equity of €30k and a net result of €23k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 26053 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+8
Solvency43▼-11
Growth85=
Track record94
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 1.19 in 2023; short-term debt: 82.2% and cash: 51.6% of total assets), and 82.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
17.8%
Return on assets
13.7%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-03-2026, 222 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
222 d late
2023
122 d late
2022
547 d late
2021
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€328k▲ 8.7%
2022 · €302k
2021: €172k
2022: €302k
2021 → 2023
EBIT margin
4.7%▲ 7.0pp
2022 · -2.4%
2021: 2.1%
2022: -2.4%
2021 → 2023
Net result
€23k▲ 54.3%
2023 · €15k
2021: €3k
2022: €-8k
2023: €15k
2021 → 2024
Working capital
€8k▼ 31.8%
2023 · €11k
2021: €9k
2022: €-4k
2023: €11k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€172k-€302k▲ 75.9%€328k▲ 8.7%
Equity€21k-€10k▼ 53.3%€25k▲ 150%€30k▲ 22.4%
Operating result€4k-€-7k€15k€23k▲ 48.2%
Net result€3k-€-8k€15k€23k▲ 54.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 48% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €171k
Fixed assets
€22k▲ 73.0%
Current assets
€148k▲ 104%
Equity and liabilities €171k
Equity
€30k▲ 22.4%
Debt
€141k▲ 129%
The debt ratio rises from 71.1% to 82.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▲
2023 · €27k
Cash flow
€38k▲
2023 · €27k
Solvency
17.8%▼
2023 · 28.9%
Current ratio
1.06▼
2023 · 1.19
Quick ratio
0.97▼
2023 · 1.06
Debt / equity
4.61▲
2023 · 2.46
ROE
76.7%▲
2023 · 60.9%
ROA
13.7%▼
2023 · 17.6%
Interest coverage
86.62▲
2023 · 26.86
Debt
€141k▲
2023 · €61k
Debt ≤ 1 year
€141k▲
2023 · €61k
Income taxes
€2k▲
2023 · €884
Staff costs
€116k▲
2023 · €77k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€86k€171k▲
Formation expenses20€466€200▼
Fixed assets21/28€13k€22k▲
Tangible fixed assets22/27€13k€22k▲
Plant, machinery and equipment23€6k€12k▲
Furniture and vehicles24€3k-
Other tangible fixed assets26€4k€10k▲
Current assets29/58€73k€148k▲
Stocks and contracts in progress3€8k€12k▲
Stocks30/36€8k€12k▲
Amounts receivable within one year40/41€23k€46k▲
Trade receivables40€20k€12k▼
Other amounts receivable41€3k€35k▲
Cash at bank and in hand54/58€40k€88k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€86k€171k▲
Equity10/15€25k€30k▲
Contributions10/11€15k€15k=
Capital10-€15k
Issued capital100-€15k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Distributable reserves133€2k-
Profit (loss) carried forward14€8k€14k▲
Amounts payable17/49€61k€141k▲
Amounts payable within one year42/48€61k€141k▲
Trade debts44€20k€50k▲
Suppliers440/4€20k€50k▲
Taxes, remuneration and social security45€27k€62k▲
Taxes450/3€42€17k▲
Remuneration and social security454/9€27k€45k▲
Other amounts payable47/48€15k€29k▲
Income statement
Code20232024
Turnover70€328k-
Goods, raw materials, services and sundry goods60/61€219k€319k▲
Remuneration, social security and pensions62€77k€116k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€773€767▼
Non-recurring operating charges66A€3k-
Gross operating margin9900€109k€154k▲
Operating profit (loss)9901€15k€23k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€0€0▼
Non-recurring financial income76B€2k€4k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€428▼
Non-recurring financial charges66B-€898
Profit (loss) for the period before taxes9903€16k€25k▲
Income taxes67/77€884€2k▲
Profit (loss) for the period9904€15k€23k▲
Profit (loss) for the period to be appropriated9905€15k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€32k▲
Profit (loss) brought forward from the previous period14P€-7k€8k▲
Transfer to equity691/2€200-
To contributions691€200-
Profit to be distributed694/7-€18k
Other beneficiaries697-€18k
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
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 222 days late
2025
28-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 547 days late
2024
31-12
Financial
Highest result since 2021net €23k ▲54.3%
Operating result €23k, net result €23k, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-8k ▼353%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Anderlecht · 2 establishment units since 2020
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.
Lennikse Baan 3111070 AnderlechtGround area
7,100 m²
Building footprint
1,690 m²
Volume, LiDAR
31,068 m³
2 parcels, Brussels · tallest building 29.7 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
MANAISA
since 20202.321.234.843
MANAISA
since 20202.321.234.942
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307F0089/00K000 | Brussels | 6,784 m² | 1 · 1,460 m² | 29.6 m · 8 fl. |
| 21308H0496/00P006 | Brussels | 316 m² | 1 · 230 m² | 12.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAnderlecht2.321.234.942
Anderlecht2.321.234.843
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VERSTRAETE
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Of 2,406 companies in sector 47241 we hold annual accounts for 1,097. 900 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2020
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.