Summary
MANAKKER CONSTRUCTIES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.1m and a net result of €74,659. Equity is growing by ~12.5% per year across the filed fiscal years. The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
27 d late
2023
36 d early
2022
5 d early
2021
34 d early
2020
39 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#9 oldest company in Pelt, Finance and insurance sector
Equity
€1.1m▼ 4.4%
2023 · €1.2m
Net result
€74,659▼ 43.9%
2023 · €133,120
Total assets
€3.1m▼ 0.7%
2023 · €3.1m
Solvency
36.4%▼ 1.4pp
2023 · 37.8%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€148,285▲ 225%€132,265▼ 10.8%€394,862▲ 199%€184,504▼ 53.3%€117,502▼ 36.3%
Net result€92,435within the sector's middle half▲ 243%€107,912within the sector's middle half▲ 16.7%€280,796above the sector's middle half▲ 160%€133,120within the sector's middle half▼ 52.6%€74,659within the sector's middle half▼ 43.9%
Equity€719,703within the sector's middle half▲ 14.7%€827,615within the sector's middle half▲ 15.0%€1.1mwithin the sector's middle half▲ 27.2%€1.2mwithin the sector's middle half▲ 12.6%€1.1mwithin the sector's middle half▼ 4.4%
Total assets€2.7mwithin the sector's middle half▲ 2.6%€2.6mwithin the sector's middle half▼ 3.2%€3.1mwithin the sector's middle half▲ 17.9%€3.1mwithin the sector's middle half▲ 1.3%€3.1mwithin the sector's middle half▼ 0.7%
Debt€2.0m▼ 1.2%€1.8m▼ 9.8%€2.0m▲ 9.5%€1.9m▼ 4.6%€1.9m▲ 1.7%
Working capital€304,856above the sector's middle half€230,885within the sector's middle half▼ 24.3%€558,358above the sector's middle half▲ 142%€583,098above the sector's middle half▲ 4.4%€447,222above the sector's middle half▼ 23.3%
Solvency26.5%within the sector's middle half▲ 2.8pp31.5%within the sector's middle half▲ 5.0pp34.0%within the sector's middle half▲ 2.5pp37.8%within the sector's middle half▲ 3.8pp36.4%within the sector's middle half▼ 1.4pp
Current ratio1.60within the sector's middle half▲ 1.291.65within the sector's middle half▲ 0.052.77within the sector's middle half▲ 1.122.58within the sector's middle half▼ 0.202.37within the sector's middle half▼ 0.21
Return on assets (ROA)3.4%within the sector's middle half▲ 2.4pp4.1%within the sector's middle half▲ 0.7pp9.1%within the sector's middle half▲ 5.0pp4.2%within the sector's middle half▼ 4.8pp2.4%within the sector's middle half▼ 1.8pp
Staff (FTE)0.1below the sector's middle half0.1below the sector's middle half=0.2within the sector's middle half▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 36% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.1m
Fixed assets
€2.3m ▲ 7.2%
Current assets
€773,842 ▼ 18.8%
Equity and liabilities €3.1m
Equity
€1.1m ▼ 4.4%
Provisions
€68,237 ▼ 3.3%
Debt
€1.9m ▲ 1.7%
Debt's share of the balance-sheet total rises from 59.9% to 61.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
6.6%▼
2023 · 11.2%
Debt ≤ 1 year
€326,620▼
2023 · €370,132
Debt > 1 year
€1.6m▲
2023 · €1.5m
Income taxes
€35,096▲
2023 · €32,316
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,476 | €314,574 | - | - | - |
| Remuneration, social security and pensions62 | - | €2,955 | €285 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,949 | €75,884 | €82,381 | €88,146 | €100,985 | ▲ 14.6% |
| Other operating charges640/8 | - | €4,079 | €18,526 | €20,280 | €19,628 | ▼ 3.2% |
| Non-recurring operating charges66A | - | €11,882 | - | - | - | - |
| Gross operating margin9900 | €253,313 | €227,066 | €496,054 | €292,930 | €238,115 | ▼ 18.7% |
| Operating profit (loss)9901 | €148,285 | €132,265 | €394,862 | €184,504 | €117,502 | ▼ 36.3% |
| Financial income75/76B | - | €23,550 | €13,124 | €15,667 | €22,899 | ▲ 46.2% |
| Recurring financial income75 | €18,107 | €23,550 | €13,124 | €15,667 | €11,619 | ▼ 25.8% |
| Non-recurring financial income76B | - | - | - | - | €11,279 | - |
| Financial charges65/66B | - | €47,903 | €34,968 | €37,061 | €32,973 | ▼ 11.0% |
| Recurring financial charges65 | €64,044 | €47,903 | €34,968 | €37,061 | €32,973 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | €102,347 | €107,912 | €373,018 | €163,110 | €107,428 | ▼ 34.1% |
| Transfer from deferred taxes780 | - | - | €4,653 | €2,326 | €2,326 | = |
| Transfer to deferred taxes680 | - | - | €77,542 | - | - | - |
| Income taxes67/77 | €9,912 | - | €19,332 | €32,316 | €35,096 | ▲ 8.6% |
| Profit (loss) for the period9904 | €92,435 | €107,912 | €280,796 | €133,120 | €74,659 | ▼ 43.9% |
| Transfer from tax-exempt reserves789 | - | €3,906 | €13,958 | €6,979 | €6,979 | = |
| Transfer to tax-exempt reserves689 | - | - | €232,626 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €96,341 | €111,818 | €62,127 | €140,099 | €81,637 | ▼ 41.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.6m | €3.1m | €3.1m | €3.1m | ▼ 0.7% |
| Fixed assets21/28 | €1.9m | €2.0m | €2.2m | €2.2m | €2.3m | ▲ 7.2% |
| Tangible fixed assets22/27 | €1.9m | €2.0m | €2.2m | €2.2m | €2.3m | ▲ 7.2% |
| Land and buildings22 | - | €2.0m | €2.2m | €2.1m | €2.1m | = |
| Furniture and vehicles24 | - | €27,249 | €19,846 | €54,977 | €217,087 | ▲ 295% |
| Leasing and similar rights25 | - | €46,431 | €40,744 | €35,057 | €29,370 | ▼ 16.2% |
| Financial fixed assets28 | €146 | €146 | €453 | €453 | €453 | = |
| Current assets29/58 | €812,312 | €586,768 | €873,507 | €953,230 | €773,842 | ▼ 18.8% |
| Stocks and contracts in progress3 | €240 | €240 | - | - | - | - |
| Stocks30/36 | - | €240 | - | - | - | - |
| Amounts receivable within one year40/41 | €519,192 | €415,613 | €463,212 | €541,283 | €356,636 | ▼ 34.1% |
| Trade receivables40 | - | €2,904 | €242,180 | €319,396 | €152,205 | ▼ 52.3% |
| Other amounts receivable41 | - | €412,709 | €221,032 | €221,886 | €204,431 | ▼ 7.9% |
| Current investments50/53 | - | €98,522 | €405,453 | €405,453 | €405,453 | = |
| Cash at bank and in hand54/58 | €279,321 | €65,568 | €1,499 | €1,212 | €916 | ▼ 24.4% |
| Deferred charges and accrued income490/1 | - | €6,826 | €3,343 | €5,283 | €10,837 | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.6m | €3.1m | €3.1m | €3.1m | ▼ 0.7% |
| Equity10/15 | €719,703 | €827,615 | €1.1m | €1.2m | €1.1m | ▼ 4.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | €55,983 | - | - | - | - |
| Reserves13 | €597,300 | €709,300 | €990,069 | €1.1m | €1.1m | ▼ 4.6% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | €218,669 | €211,690 | €204,711 | ▼ 3.3% |
| Distributable reserves133 | - | €703,100 | €765,200 | €905,250 | €860,350 | ▼ 5.0% |
| Profit (loss) carried forward14 | €515 | €332 | €359 | €409 | €446 | ▲ 9.1% |
| Provisions and deferred taxes16 | - | - | €72,890 | €70,563 | €68,237 | ▼ 3.3% |
| Deferred taxes168 | - | - | €72,890 | €70,563 | €68,237 | ▼ 3.3% |
| Amounts payable17/49 | €2.0m | €1.8m | €2.0m | €1.9m | €1.9m | ▲ 1.7% |
| Amounts payable after more than one year17 | €1.5m | €1.4m | €1.7m | €1.5m | €1.6m | ▲ 5.0% |
| Financial debts170/4 | - | €1.4m | €1.7m | €1.5m | €1.6m | ▲ 5.0% |
| Amounts payable within one year42/48 | €507,456 | €355,883 | €315,149 | €370,132 | €326,620 | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | - | €148,428 | €173,881 | €184,699 | €197,706 | ▲ 7.0% |
| Financial debts43 | - | - | - | - | €12,406 | - |
| Credit institutions430/8 | - | - | - | - | €12,406 | - |
| Trade debts44 | €302,607 | €162,752 | €109,611 | €113,842 | €58,374 | ▼ 48.7% |
| Suppliers440/4 | - | €162,752 | €109,611 | €113,842 | €58,374 | ▼ 48.7% |
| Taxes, remuneration and social security45 | - | €22,966 | €31,657 | €71,276 | €50,799 | ▼ 28.7% |
| Taxes450/3 | - | €19,402 | €31,615 | €71,276 | €50,799 | ▼ 28.7% |
| Remuneration and social security454/9 | - | €3,564 | €42 | - | - | - |
| Other amounts payable47/48 | - | €21,736 | - | €315 | €7,335 | ▲ 2,231% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,435 | €107,912 | €280,796 | €133,120 | €74,659 | ▼ 43.9% |
| + Depreciation and write-downs630 | €61,949 | €75,884 | €82,381 | €88,146 | €100,985 | ▲ 14.6% |
| Operating cash flow (approximation) | €154,384 | €183,796 | €363,177 | €221,266 | €175,643 | ▼ 20.6% |
| Investment in fixed assets (approximation) | - | -€214,826 | -€264,813 | -€47,687 | -€257,687 | ▼ 440% |
| Change in cash | - | -€213,753 | -€64,069 | -€287 | -€296 | ▼ 3.0% |
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
Next filing, fiscal year 2026, expected by
2026
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €280,796 ▲160%
Operating result €394,862, net result €280,796, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲27.2%
5 profitable years in a row build equity to €1.1m.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 5current ratio 1.60
Current ratio from 0.31 to 1.60; short-term debt falls from €1.5m to €507,456.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €26,941 ▼78.1%
Net result drops to €26,941, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Pelt · 1 establishment unit since 1991
Ground area
9,987 m²
Building footprint
5,561 m²
Volume, LiDAR
127 m³
Parcel 72502E0096/00A005, Flanders · tallest building 7.5 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MACO NV
since 19912.054.578.378
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0096/00A005 | Flanders | 9,987 m² | 1 · 5,561 m² | 7.5 m |
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.
Recognitions · licences · registrations
Legal Entity Identifier
875500LT9MLNZX3LEE81
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 12,399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-09-1991
Fiscal year end31-12
Abbreviation NL
MACO
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445242074
Also
9925:BE0445242074
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.