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MANALAY

Active
Private limited companyfounded 20241 yr activeForelstraat 115, 9000 Gent, BelgiumKBO/BCE: BE 1016.068.466
Summary

The computed 12-month bankruptcy probability of MANALAY is 2.1% (moderate). The 2025 annual accounts show equity of €2,755 and a net result of €1,755. Its solvency ranks better than 19% of 4695 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability74
Solvency31
Growth-
Track record67
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 4695 sector peers (2025).
NBB · sector comparison
Position among 4695 sector peers
Solvency
better than 19%
← weakest strongest →
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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 November 2024, MANALAY was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€2,755
Total assets
€44,488
Net result
€1,755
Working capital
-€31,968

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €44,488
Fixed assets €34,723
Current assets €9,765
Equity and liabilities €44,488
Equity €2,755
Debt €41,733
Debt finances 93.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€10,265
Cash flow
€9,637
Current ratio
0.23
Debt to equity
15.15
ROE
63.7%
ROA
3.9%
Interest coverage
232.50
Debt ≤ 1 year
€41,733
Income taxes
€585

Peer companies

Historical observation

Of the 514 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.6% went bankrupt
1.2% stopped otherwise
97% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 514 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€44,488
Fixed assets21/28€34,723
Tangible fixed assets22/27€34,723
Plant, machinery and equipment23€1,101
Furniture and vehicles24€33,622
Current assets29/58€9,765
Amounts receivable within one year40/41€195
Other amounts receivable41€195
Cash at bank and in hand54/58€9,570
Equity and liabilities
Total equity and liabilities10/49€44,488
Equity10/15€2,755
Contributions10/11€1,000
Profit (loss) carried forward14€1,755
Amounts payable17/49€41,733
Amounts payable within one year42/48€41,733
Trade debts44€32,869
Suppliers440/4€32,869
Taxes, remuneration and social security45€4,480
Taxes450/3€2,380
Remuneration and social security454/9€2,100
Other amounts payable47/48€4,384
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,882
Other operating charges640/8€3,045
Gross operating margin9900€13,311
Operating profit (loss)9901€2,383
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€44
Recurring financial charges65€44
Profit (loss) for the period before taxes9903€2,339
Income taxes67/77€585
Profit (loss) for the period9904€1,755
Profit (loss) for the period to be appropriated9905€1,755
Appropriation of the result
Profit (loss) to be appropriated9906€1,755

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,882
Other operating charges640/8€3,045
Gross operating margin9900€13,311
Operating profit (loss)9901€2,383
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€44
Recurring financial charges65€44
Profit (loss) for the period before taxes9903€2,339
Income taxes67/77€585
Profit (loss) for the period9904€1,755
Profit (loss) for the period to be appropriated9905€1,755
Line2025
Assets
Total assets20/58€44,488
Fixed assets21/28€34,723
Tangible fixed assets22/27€34,723
Plant, machinery and equipment23€1,101
Furniture and vehicles24€33,622
Current assets29/58€9,765
Amounts receivable within one year40/41€195
Other amounts receivable41€195
Cash at bank and in hand54/58€9,570
Equity and liabilities
Total equity and liabilities10/49€44,488
Equity10/15€2,755
Contributions10/11€1,000
Profit (loss) carried forward14€1,755
Amounts payable17/49€41,733
Amounts payable within one year42/48€41,733
Trade debts44€32,869
Suppliers440/4€32,869
Taxes, remuneration and social security45€4,480
Taxes450/3€2,380
Remuneration and social security454/9€2,100
Other amounts payable47/48€4,384
Line2025
Profit (loss) for the period9904€1,755
+ Depreciation and write-downs630€7,882
Operating cash flow (approximation)€9,637

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
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, Gent · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
129 m²
Building footprint
115 m²
Volume, LiDAR
1,282 m³
Parcel 44811L0015/00P009, Flanders · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MANALAY
Forelstraat 115, 9000 GentNon-scheduled passenger transport by road
since 20242.366.349.741
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44811L0015/00P009 Flanders 129 m² 1 · 115 m² 16.6 m · 4 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.

Similar companies · same sector, comparable size

Of 6,684 companies in sector 49330 we hold annual accounts for 2,297. 1,322 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
Founded08-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID 0208:1016068466
Registered 09-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.