MANAP
ActiveMANAP has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.37M and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 72% of 8578 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-20
Solvency67=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days only on tighter terms
Liquidity short (current ratio 0.26 against 0.27 in 2024), and 24.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
75.8%
Return on assets
-0.2%
Age of the figures
8 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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
55 d early
2023
48 d early
2022
20 d early
2021
27 d early
2020
38 d early
2019
42 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.37M▼ 0.2%
2024 · €1.38M
2018: €1.34M
2019: €1.26M
2020: €1.37M
2021: €1.34M
2022: €1.34M
2023: €1.32M
2024: €1.38M
2018 → 2025
Total assets
€1.81M▼ 0.2%
2024 · €1.81M
2018: €1.40M
2019: €1.36M
2020: €1.43M
2021: €1.43M
2022: €2.15M
2023: €1.76M
2024: €1.81M
2018 → 2025
Net result
€-3k
2024 · €55k
2018: €48k
2019: €-82k
2020: €109k
2021: €-29k
2022: €-2k
2023: €-18k
2024: €55k
2018 → 2025
Working capital
€-323k▼ 0.9%
2024 · €-320k
2018: €216k
2019: €97k
2020: €215k
2021: €166k
2022: €-598k
2023: €-390k
2024: €-320k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.34M-€1.34M▼ 0.1%€1.32M▼ 1.3%€1.38M▲ 4.2%€1.37M▼ 0.2%
Operating result€-10k-€-41k▼ 316%€-37k▲ 9.0%€-8k▲ 79.4%€-4k▲ 44.6%
Net result€-29k-€-2k▲ 94.8%€-18k▼ 1,074%€55k€-3k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €8k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.81M
Fixed assets
€1.70M=
Current assets
€115k▼ 2.4%
Equity and liabilities €1.81M
Equity
€1.37M▼ 0.2%
Debt
€437k=
The debt ratio stays at 24.2%.
Key figures and ratios
Solvency
75.8%▼
2024 · 75.9%
Current ratio
0.26▼
2024 · 0.27
Quick ratio
0.26▼
2024 · 0.27
Debt / equity
0.32▲
2024 · 0.32
ROE
-0.2%▼
2024 · 4.0%
ROA
-0.2%▼
2024 · 3.0%
Debt
€437k=
2024 · €437k
Debt ≤ 1 year
€437k=
2024 · €437k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.81M€1.81M▼
Fixed assets21/28€1.70M€1.70M=
Financial fixed assets28€1.70M€1.70M=
Current assets29/58€117k€115k▼
Amounts receivable within one year40/41€3k€3k▲
Trade receivables40€2k€2k=
Other amounts receivable41€218€412▲
Cash at bank and in hand54/58€114k€110k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.81M€1.81M▼
Equity10/15€1.38M€1.37M▼
Contributions10/11€31k€31k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€387€387=
Profit (loss) carried forward14€1.34M€1.34M▼
Amounts payable17/49€437k€437k=
Amounts payable within one year42/48€437k€437k=
Current portion of amounts payable after more than one year42€0-
Taxes, remuneration and social security45€0-
Remuneration and social security454/9€0-
Other amounts payable47/48€437k€437k=
Income statement
Code20242025
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-6k€-3k▲
Operating profit (loss)9901€-8k€-4k▲
Financial income75/76B€63k€1k▼
Recurring financial income75€63k€9▼
Non-recurring financial income76B€63k€1k▼
Financial charges65/66B€53€50▼
Recurring financial charges65€53€50▼
Profit (loss) for the period before taxes9903€55k€-3k▼
Profit (loss) for the period9904€55k€-3k▼
Profit (loss) for the period to be appropriated9905€55k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.34M€1.34M▼
Profit (loss) brought forward from the previous period14P€1.29M€1.34M▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €55k
Net result €55k after 3 loss-making years.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €109k
Net result €109k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 6.25
Current ratio from 2.41 to 6.25; short-term debt falls from €69k to €41k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-82k ▼272%
Net result drops to €-82k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2022
Peter MEULEMAN
CurrentStatutaire bestuurder · since 20-12-2022
20-12-2022
Resigned as Statutaire bestuurder
20-12-2022
Appointed as Statutaire bestuurder
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1997
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.
Stasegemsesteenweg(Kor) 178500 KortrijkGround area
1.2 ha
Building footprint
4,820 m²
Volume, LiDAR
33,157 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MANAP
since 19972.082.728.273
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0663/00T000 | Flanders | 9,176 m² | 1 · 3,626 m² | 10.3 m · 3 fl. |
| 34354C0150/00Y000 | Flanders | 2,416 m² | 1 · 1,193 m² | 8.2 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.
Similar companies · same sector, comparable size
FINSECURE
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VAN DAMME INVEST
BE 0451.537.968
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STOKKLINX
BE 0466.197.440
Kapellen · Eq €1.37M
KINDT INVEST
BE 0834.241.075
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EQUIMO
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Herselt · Eq €1.37M
Of 82,201 companies in sector 70200 we hold annual accounts for 52,400. 24,283 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-1997
Fiscal year end31-12
Activities, NACEBEL
45441
70200Business and other management consultancy
70220Business consulting
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
45433
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.