MANAMER
ActiveSummary
MANAMER has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.86M and a net result of €864k. Equity is growing by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 4604 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-2
Solvency74▲+6
Growth65=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.28 in 2023; short-term debt: 44% of total assets), and 51.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.6%
Return on assets
4.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
48 d early
2022
55 d early
2021
38 d early
2020
37 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€1.26M▲ 2.9%
2023 · €1.23M
EBIT margin
28.5%▼ 8.6pp
2023 · 37.1%
Net result
€864k▼ 49.8%
2023 · €1.72M
Working capital
€-6.22M▼ 23.8%
2023 · €-5.03M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€949k▼ 11.1%€697k▼ 26.6%€1.11M▲ 59.4%€1.23M▲ 10.6%€1.26M▲ 2.9%
Operating result€6.25M▲ 11,054%€72k▼ 98.8%€436k▲ 506%€456k▲ 4.6%€360k▼ 21.0%
Net result€4.50M▲ 27,062%€-38k€1.41M€1.72M▲ 21.9%€864k▼ 49.8%
EBIT margin658.6%▲ 653.3pp10.3%▼ 648.3pp39.2%▲ 28.9pp37.1%▼ 2.1pp28.5%▼ 8.6pp
Equity€4.95M▲ 421%€4.91M▼ 0.8%€6.32M▲ 28.8%€8.04M▲ 27.2%€8.86M▲ 10.1%
Total assets€11.29M▲ 94.6%€16.13M▲ 42.8%€18.01M▲ 11.6%€18.75M▲ 4.1%€18.22M▼ 2.8%
Debt€4.65M▼ 3.5%€9.55M▲ 105%€10.06M▲ 5.4%€9.13M▼ 9.3%€9.36M▲ 2.5%
Working capital€4.98M▲ 1,206%€-6.39M€-5.71M▲ 10.7%€-5.03M▲ 12.0%€-6.22M▼ 23.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18.22M
Fixed assets
€16.41M ▼ 2.1%
Current assets
€1.80M ▼ 9.0%
Equity and liabilities €18.22M
Equity
€8.86M ▲ 10.1%
Provisions
€0 ▼ 100%
Debt
€9.36M ▲ 2.5%
Debt's share of the balance-sheet total rises from 48.7% to 51.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€750k▼
2023 · €837k
Cash flow
€1.25M▼
2023 · €2.10M
Current ratio
0.22▼
2023 · 0.28
Debt to equity
1.06▼
2023 · 1.13
ROE
9.8%▼
2023 · 21.4%
ROA
4.7%▼
2023 · 9.2%
Interest coverage
5.60▲
2023 · 5.23
Debt ≤ 1 year
€8.02M▲
2023 · €7.01M
Debt > 1 year
€1.33M▼
2023 · €2.12M
Income taxes
€2.06M▲
2023 · €159k
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.24M | €1.26M | ▲ 2.3% |
| Turnover70 | €949k | €697k | €1.11M | €1.23M | €1.26M | ▲ 2.9% |
| Other operating income74 | - | - | - | €7k | €0 | ▼ 100% |
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Operating charges60/66A | - | - | - | €780k | €904k | ▲ 15.9% |
| Goods, raw materials, services and sundry goods60/61 | - | €292k | €289k | - | - | - |
| Services and other goods61 | - | - | - | €306k | €418k | ▲ 36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €217k | €252k | €303k | €381k | €390k | ▲ 2.2% |
| Other operating charges640/8 | - | €83k | €85k | €93k | €96k | ▲ 3.7% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €7.06M | €407k | €823k | - | - | - |
| Operating profit (loss)9901 | €6.25M | €72k | €436k | €456k | €360k | ▼ 21.0% |
| Financial income75/76B | - | €28k | €1.09M | €1.55M | €1.15M | ▼ 26.3% |
| Recurring financial income75 | €7k | €28k | €1.09M | €1.55M | €1.15M | ▼ 26.3% |
| Income from financial fixed assets750 | - | - | - | €1.48M | €1.05M | ▼ 29.1% |
| Income from current assets751 | - | - | - | - | €97k | - |
| Other financial income752/9 | - | - | - | €75k | €55 | ▼ 99.9% |
| Financial charges65/66B | - | €102k | €187k | €178k | €159k | ▼ 10.5% |
| Recurring financial charges65 | €58k | €102k | €187k | €178k | €159k | ▼ 10.5% |
| Debt charges650 | - | - | - | €160k | €134k | ▼ 16.3% |
| Other financial charges652/9 | - | - | - | €18k | €26k | ▲ 39.7% |
| Profit (loss) for the period before taxes9903 | €6.20M | €-2k | €1.34M | €1.83M | €1.35M | ▼ 26.5% |
| Transfer from deferred taxes780 | - | €24k | €49k | €50k | €1.58M | ▲ 3,074% |
| Income taxes67/77 | €-12 | €61k | €-26k | €159k | €2.06M | ▲ 1,198% |
| Taxes670/3 | - | - | - | €159k | €2.06M | ▲ 1,198% |
| Profit (loss) for the period9904 | €4.50M | €-38k | €1.41M | €1.72M | €864k | ▼ 49.8% |
| Transfer from tax-exempt reserves789 | - | €73k | €148k | €149k | €4.73M | ▲ 3,074% |
| Profit (loss) for the period to be appropriated9905 | €-605k | €35k | €1.56M | €1.87M | €5.60M | ▲ 199% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.29M | €16.13M | €18.01M | €18.75M | €18.22M | ▼ 2.8% |
| Fixed assets21/28 | €5.16M | €15.79M | €16.57M | €16.76M | €16.41M | ▼ 2.1% |
| Tangible fixed assets22/27 | €5.10M | €5.74M | €6.31M | €6.50M | €6.15M | ▼ 5.4% |
| Land and buildings22 | - | €4.75M | €5.86M | €6.12M | €5.84M | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €181k | €228k | €224k | €208k | ▼ 7.0% |
| Furniture and vehicles24 | - | €0 | €0 | €0 | €0 | - |
| Leasing and similar rights25 | - | €99k | €218k | €158k | €97k | ▼ 38.4% |
| Other tangible fixed assets26 | - | €6k | €6k | €6k | €6k | = |
| Assets under construction and advance payments27 | - | €698k | €0 | €0 | €0 | - |
| Financial fixed assets28 | €62k | €10.06M | €10.26M | €10.26M | €10.26M | = |
| Affiliated companies280/1 | - | - | - | €10.26M | €10.26M | = |
| Participating interests280 | - | - | - | €8.96M | €8.96M | = |
| Amounts receivable281 | - | - | - | €1.30M | €1.30M | = |
| Current assets29/58 | €6.13M | €335k | €1.44M | €1.98M | €1.80M | ▼ 9.0% |
| Amounts receivable within one year40/41 | €6.10M | €284k | €1.44M | €1.91M | €1.72M | ▼ 10.1% |
| Trade receivables40 | - | €4k | - | €51k | €53k | ▲ 2.7% |
| Other amounts receivable41 | - | €280k | €1.44M | €1.86M | €1.67M | ▼ 10.5% |
| Deferred charges and accrued income490/1 | - | €51k | €0 | €70k | €84k | ▲ 20.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.29M | €16.13M | €18.01M | €18.75M | €18.22M | ▼ 2.8% |
| Equity10/15 | €4.95M | €4.91M | €6.32M | €8.04M | €8.86M | ▲ 10.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €5.60M | €5.52M | €5.37M | €5.22M | €493k | ▼ 90.6% |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | - | €7k | €7k | €7k | €7k | = |
| Tax-exempt reserves132 | - | €5.03M | €4.88M | €4.73M | €0 | ▼ 100% |
| Distributable reserves133 | - | €486k | €486k | €486k | €486k | = |
| Profit (loss) carried forward14 | €-711k | €-676k | €886k | €2.76M | €8.30M | ▲ 201% |
| Provisions and deferred taxes16 | €1.70M | €1.68M | €1.63M | €1.58M | €0 | ▼ 100% |
| Deferred taxes168 | - | €1.68M | €1.63M | €1.58M | €0 | ▼ 100% |
| Amounts payable17/49 | €4.65M | €9.55M | €10.06M | €9.13M | €9.36M | ▲ 2.5% |
| Amounts payable after more than one year17 | €3.50M | €2.82M | €2.91M | €2.12M | €1.33M | ▼ 37.0% |
| Financial debts170/4 | - | €2.82M | €2.91M | €2.12M | €1.33M | ▼ 37.0% |
| Leasing and similar obligations172 | - | - | - | €101k | €54k | ▼ 46.7% |
| Credit institutions173 | - | - | - | €2.02M | €1.28M | ▼ 36.6% |
| Amounts payable within one year42/48 | €1.15M | €6.73M | €7.15M | €7.01M | €8.02M | ▲ 14.5% |
| Current portion of amounts payable after more than one year42 | - | €682k | €790k | €794k | €785k | ▼ 1.2% |
| Trade debts44 | €470k | €233k | €190k | €70k | €86k | ▲ 22.7% |
| Suppliers440/4 | - | €233k | €190k | €70k | €86k | ▲ 22.7% |
| Taxes, remuneration and social security45 | - | €84k | €35k | €144k | €1.15M | ▲ 702% |
| Taxes450/3 | - | €84k | €35k | €144k | €1.15M | ▲ 702% |
| Other amounts payable47/48 | - | €5.73M | €6.13M | €6.00M | €6.00M | = |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €0 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.50M | €-38k | €1.41M | €1.72M | €864k | ▼ 49.8% |
| + Depreciation and write-downs630 | €217k | €252k | €303k | €381k | €390k | ▲ 2.2% |
| Operating cash flow (approximation) | €4.71M | €214k | €1.72M | €2.10M | €1.25M | ▼ 40.4% |
| Investment in fixed assets (approximation) | - | €-10.89M | €-1.08M | €-576k | €-37k | ▲ 93.6% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €1.41M
Net result €1.41M after one loss-making year.
31-12
Financial
Equity above €5MEq €6.32M ▲28.8%
Equity rises from €4.91M to €6.32M.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €4.50M ▲27,062%
Operating result €6.25M, net result €4.50M, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.34
Current ratio from 1.39 to 5.34.
31-12
Financial
Equity above €2MEq €4.95M ▲421%
3 profitable years in a row build equity to €4.95M.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 35 acts read
About the unread acts
We know of 35 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
35 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, Lier · 1 establishment unit since 2005
Ground area
5.7 ha
Building footprint
9,717 m²
Volume, LiDAR
73,346 m³
2 parcels, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MANAMER
since 20052.148.278.103
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11814C0071/00M000 | Flanders | 2.9 ha | 1 · 1,681 m² | - |
| 12392A0455/00N000 | Flanders | 2.8 ha | 1 · 8,036 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
Legal Entity Identifier
5493006F4SQRYIPKXQ16
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 7,460 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
Founded14-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.