ManaMax
ActiveSummary
ManaMax has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.1m and a net result of €34,955. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900,000 at 30 days acceptable
Liquidity short (current ratio 0.51 against 2.0 in 2024; short-term debt: 2.2% and cash: 0.3% of total assets), and 6.9% of the assets are financed with debt.
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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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
93.1%
Return on assets
0.2%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2024
44 d early
2023
51 d early
2022
18 d early
2021
51 d early
2020
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 17 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€13.1m▼ 10.3%
2024 · €14.6m
Total assets
€14.1m▼ 14.5%
2024 · €16.5m
Net result
€34,955▲ 250%
2024 · €9,998
Working capital
-€149,770
2024 · €883,932
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 70, Activities of head offices; management consultancy activities, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,768▲ 58.5%€5,062▼ 65.7%€99,357▲ 1,863%€25,988▼ 73.8%€83,842▲ 223%
Net result€4,323within the sector's middle half▲ 179%€610below the sector's middle half▼ 85.9%€546,290above the sector's middle half▲ 89,450%€9,998within the sector's middle half▼ 98.2%€34,955within the sector's middle half▲ 250%
Equity€155,875within the sector's middle half▲ 2.9%€14.1mabove the sector's middle half▲ 8,921%€14.6mabove the sector's middle half▲ 3.9%€14.6mabove the sector's middle half▲ 0.1%€13.1mabove the sector's middle half▼ 10.3%
Total assets€747,581within the sector's middle half▲ 141%€14.9mabove the sector's middle half▲ 1,892%€16.0mabove the sector's middle half▲ 7.7%€16.5mabove the sector's middle half▲ 2.7%€14.1mabove the sector's middle half▼ 14.5%
Debt€591,706▲ 274%€831,708▲ 40.6%€1.4m▲ 71.6%€1.8m▲ 29.6%€973,304▼ 47.4%
Working capital-€365,559below the sector's middle half▼ 297%-€407,716below the sector's middle half▼ 11.5%€809,362above the sector's middle half€883,932above the sector's middle half▲ 9.2%-€149,770below the sector's middle half
Solvency20.9%below the sector's middle half▼ 28.1pp94.4%above the sector's middle half▲ 73.6pp91.1%above the sector's middle half▼ 3.3pp88.8%above the sector's middle half▼ 2.3pp93.1%above the sector's middle half▲ 4.3pp
Current ratio0.09below the sector's middle half▼ 0.110.11below the sector's middle half▲ 0.022.59within the sector's middle half▲ 2.482.00within the sector's middle half▼ 0.590.51below the sector's middle half▼ 1.49
Return on assets (ROA)0.6%within the sector's middle half▲ 0.1pp0.0%below the sector's middle half▼ 0.6pp3.4%within the sector's middle half▲ 3.4pp0.1%below the sector's middle half▼ 3.3pp0.2%below the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 223% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.1m
Fixed assets
€13.9m ▼ 5.2%
Current assets
€155,243 ▼ 91.2%
Equity and liabilities €14.1m
Equity
€13.1m ▼ 10.3%
Debt
€973,304 ▼ 47.4%
Debt's share of the balance-sheet total falls from 11.2% to 6.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€111,379▲
2024 · €62,328
Cash flow
€62,493▲
2024 · €46,338
Debt to equity
0.07▼
2024 · 0.13
ROE
0.3%▲
2024 · 0.1%
Interest coverage
1.88▼
2024 · 1.93
Debt ≤ 1 year
€305,013▼
2024 · €887,657
Debt > 1 year
€625,000▼
2024 · €952,744
Income taxes
€18,649▲
2024 · €5,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,090 | €11,538 | €27,229 | €36,340 | €27,538 | ▼ 24.2% |
| Other operating charges640/8 | €1,408 | €1,462 | €8,219 | €5,269 | €4,684 | ▼ 11.1% |
| Gross operating margin9900 | €27,266 | €18,062 | €134,805 | €67,597 | €116,063 | ▲ 71.7% |
| Operating profit (loss)9901 | €14,768 | €5,062 | €99,357 | €25,988 | €83,842 | ▲ 223% |
| Financial income75/76B | €559 | €1,494 | €544,677 | €21,912 | €28,904 | ▲ 31.9% |
| Recurring financial income75 | €559 | €1,494 | €544,677 | €21,912 | €28,904 | ▲ 31.9% |
| Financial charges65/66B | €9,212 | €5,712 | €41,613 | €32,217 | €59,142 | ▲ 83.6% |
| Recurring financial charges65 | €9,212 | €5,712 | €41,613 | €32,217 | €59,142 | ▲ 83.6% |
| Profit (loss) for the period before taxes9903 | €6,115 | €845 | €602,422 | €15,683 | €53,604 | ▲ 242% |
| Income taxes67/77 | €1,792 | €235 | €56,131 | €5,685 | €18,649 | ▲ 228% |
| Profit (loss) for the period9904 | €4,323 | €610 | €546,290 | €9,998 | €34,955 | ▲ 250% |
| Profit (loss) for the period to be appropriated9905 | €4,323 | €610 | €546,290 | €9,998 | €34,955 | ▲ 250% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €747,581 | €14.9m | €16.0m | €16.5m | €14.1m | ▼ 14.5% |
| Fixed assets21/28 | €709,355 | €14.8m | €14.7m | €14.7m | €13.9m | ▼ 5.2% |
| Tangible fixed assets22/27 | €39,866 | €266,537 | €364,986 | €332,077 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,915 | €3,679 | €2,664 | €6,909 | €0 | ▼ 100% |
| Leasing and similar rights25 | €37,951 | €262,858 | €353,373 | €317,148 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €8,948 | €8,021 | €0 | ▼ 100% |
| Financial fixed assets28 | €669,489 | €14.6m | €14.4m | €14.4m | €13.9m | ▼ 3.1% |
| Current assets29/58 | €38,226 | €52,167 | €1.3m | €1.8m | €155,243 | ▼ 91.2% |
| Amounts receivable after more than one year29 | €24,688 | €18,581 | €774,639 | €627,842 | €0 | ▼ 100% |
| Other amounts receivable291 | €24,688 | €18,581 | €774,639 | €627,842 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €7,144 | €24,324 | €524,074 | €1.1m | €59,533 | ▼ 94.4% |
| Trade receivables40 | €0 | €15,000 | €95,513 | €17,633 | €16,103 | ▼ 8.7% |
| Other amounts receivable41 | €7,144 | €9,324 | €428,562 | €1.0m | €43,430 | ▼ 95.8% |
| Current investments50/53 | - | - | - | - | €50,000 | - |
| Cash at bank and in hand54/58 | €5,972 | €7,960 | €9,714 | €63,019 | €40,227 | ▼ 36.2% |
| Deferred charges and accrued income490/1 | €422 | €1,301 | €9,939 | €22,576 | €5,483 | ▼ 75.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €747,581 | €14.9m | €16.0m | €16.5m | €14.1m | ▼ 14.5% |
| Equity10/15 | €155,875 | €14.1m | €14.6m | €14.6m | €13.1m | ▼ 10.3% |
| Contributions10/11 | €150,000 | €14.1m | €14.1m | €14.1m | €12.6m | ▼ 10.6% |
| Reserves13 | €5,875 | €6,485 | €552,775 | €562,773 | €538,216 | ▼ 4.4% |
| Distributable reserves133 | €5,875 | €6,485 | €552,775 | €562,773 | €538,216 | ▼ 4.4% |
| Amounts payable17/49 | €591,706 | €831,708 | €1.4m | €1.8m | €973,304 | ▼ 47.4% |
| Amounts payable after more than one year17 | €187,921 | €371,825 | €909,918 | €952,744 | €625,000 | ▼ 34.4% |
| Financial debts170/4 | €187,921 | €371,825 | €909,918 | €952,744 | €625,000 | ▼ 34.4% |
| Amounts payable within one year42/48 | €403,784 | €459,883 | €509,005 | €887,657 | €305,013 | ▼ 65.6% |
| Current portion of amounts payable after more than one year42 | €140,374 | €147,700 | €57,856 | €55,070 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €175,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €175,000 | €0 | ▼ 100% |
| Trade debts44 | €582 | €16,132 | €10,399 | €4,984 | €9,680 | ▲ 94.2% |
| Suppliers440/4 | €582 | €16,132 | €10,399 | €4,984 | €9,680 | ▲ 94.2% |
| Advances received on contracts in progress46 | - | - | €12,500 | €0 | - | - |
| Taxes, remuneration and social security45 | €5,817 | €1,215 | €56,453 | €60,980 | €28,018 | ▼ 54.1% |
| Taxes450/3 | €5,817 | €1,215 | €56,453 | €60,980 | €28,018 | ▼ 54.1% |
| Other amounts payable47/48 | €257,012 | €294,836 | €371,797 | €591,623 | €267,315 | ▼ 54.8% |
| Accrued charges and deferred income492/3 | €0 | - | €8,026 | €9,364 | €43,291 | ▲ 362% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,323 | €610 | €546,290 | €9,998 | €34,955 | ▲ 250% |
| + Depreciation and write-downs630 | €11,090 | €11,538 | €27,229 | €36,340 | €27,538 | ▼ 24.2% |
| Operating cash flow (approximation) | €15,414 | €12,148 | €573,519 | €46,338 | €62,493 | ▲ 34.9% |
| Investment in fixed assets (approximation) | - | -€14.1m | €97,440 | -€15,931 | €743,411 | ▲ 4,766% |
| Change in cash | - | €1,988 | €1,754 | €53,305 | -€22,792 | ▼ 143% |
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
10-08
State Gazette act
Permanent representative: BOES Joseph-MichelDeclaration · Auditor report · Capital14 facts ▸
State Gazette act
Permanent representative: BOES Joseph-Michel
Declaration · Auditor report · Capital14 facts ▸
- General meeting, 27-07-2026
- Other statement, EERSTE BESLISSING: Kennisname van de verslagen, De vergadering ontslaat de voorzitter van de voorlezing van volgende verslagen
- Declaration, Ontvangst en kennisname van verslagen, enige aandeelhouder
- Auditor report, 10-07-2026
- Permanent representative, BOES Joseph-Michel (permanent representative)
- Capital
- Statutes amendment, 5
- Power of attorney, Bernard SACRÉ
- Power of attorney
- Capital increase, €(…)
- Share issue, 23314, inbreng in natura van certificaten van Stichting Administratiekantoor “BERCOFIN” ten belope van (…)
- Auditor report, 10-07-2026
- +2 further facts in this act
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €546,290 ▲89,450%
Operating result €99,357, net result €546,290, both a record.
31-12
Financial
Liquidity times 23current ratio 2.59
Current ratio from 0.11 to 2.59.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €610 ▼85.9%
Net result drops to €610, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €10mEq €14.1m ▲8,921%
3 profitable years in a row build equity to €14.1m.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2019
Ground area
794 m²
Building footprint
299 m²
Volume, LiDAR
4,829 m³
Parcel 44815F2048/00V002, Flanders · tallest building 18.5 m, ±6 floors. Linked by address, not a title deed.
132
companies at this address
See who is registered here
1 establishment unit
ManaMax
since 20192.292.629.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F2048/00V002 | Flanders | 794 m² | 1 · 299 m² | 18.5 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 3
-
50%
-
50%
-
33.3%
According to the 2024 annual accounts of ManaMax and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Acquisitions and mergers
1 transactionSplit off to:ALVIC HOLDINGS
Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 10-08-2026 ↗
- BOES Joseph-Michel 23,314 shares · volledig volstort
Stated in the act
act of 10-08-2026 ↗
- BOES Joseph-Michel enige aandeelhouder
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 10-08-2026 Capital increase · 23,314 new shares · in kind
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Company details
Identification
Legal formPrivate limited company
Founded23-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
82990Other business support services
Contact
E-mail
maxime.declerck@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732811442
Also
9925:BE0732811442
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.