MANAR CONSTRUCTION
InactiveMANAR CONSTRUCTION was declared bankrupt on 20-12-2021 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed by liquidation by judgment of 09-10-2023, published in the Belgian State Gazette on 20-10-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 01-12-2021, 123 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
123 d late
2019
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 103 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
€173,820▲ 17.6%
2019 · €147,763
EBIT margin
3.5%▼ 9.9pp
2019 · 13.4%
Net result
€5,387▼ 65.2%
2019 · €15,480
Working capital
€37,442▲ 432%
2019 · €7,032
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
Line201820192020
Turnover€60,224-€147,763▲ 145%€173,820▲ 17.6%
Operating result€13,034-€19,782▲ 51.8%€6,066▼ 69.3%
Net result€12,803-€15,480▲ 20.9%€5,387▼ 65.2%
EBIT margin21.6%-13.4%▼ 8.3pp3.5%▼ 9.9pp
Equity€11,488-€14,968▲ 30.3%€20,355▲ 36.0%
Total assets€25,807-€62,425▲ 142%€91,973▲ 47.3%
Debt€14,319-€47,457▲ 231%€49,618▲ 4.6%
Working capital€13,039-€7,032▼ 46.1%€37,442▲ 432%
Staff (FTE)0.50.9▲ 80.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 69% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €91,973
Fixed assets
€4,912 ▼ 38.1%
Current assets
€87,060 ▲ 59.8%
Equity and liabilities €91,973
Equity
€20,355 ▲ 36.0%
Provisions
€22,000
Debt
€49,618 ▲ 4.6%
Debt's share of the balance-sheet total falls from 76.0% to 53.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,633▼
2019 · €23,349
Cash flow
€8,953▼
2019 · €19,047
Current ratio
1.75▲
2019 · 1.15
Quick ratio
1.49▲
2019 · 1.08
ROE
26.5%▼
2019 · 103.4%
ROA
5.9%▼
2019 · 24.8%
Debt ≤ 1 year
€49,618▲
2019 · €47,457
Income taxes
€65▼
2019 · €4,156
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €60,224 | €147,763 | €173,820 | ▲ 17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,250 | €3,567 | €3,567 | = |
| Gross operating margin9900 | €14,374 | €46,794 | €48,135 | ▲ 2.9% |
| Operating profit (loss)9901 | €13,034 | €19,782 | €6,066 | ▼ 69.3% |
| Recurring financial income75 | - | €0 | €0 | ▲ 2,900% |
| Recurring financial charges65 | €231 | €146 | €615 | ▲ 320% |
| Profit (loss) for the period before taxes9903 | €12,803 | €19,636 | €5,452 | ▼ 72.2% |
| Income taxes67/77 | - | €4,156 | €65 | ▼ 98.4% |
| Profit (loss) for the period9904 | €12,803 | €15,480 | €5,387 | ▼ 65.2% |
| Profit (loss) for the period to be appropriated9905 | €12,803 | €15,480 | €5,387 | ▼ 65.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €25,807 | €62,425 | €91,973 | ▲ 47.3% |
| Fixed assets21/28 | €723 | €7,936 | €4,912 | ▼ 38.1% |
| Tangible fixed assets22/27 | - | €7,133 | €3,567 | ▼ 50.0% |
| Financial fixed assets28 | €723 | €803 | €1,346 | ▲ 67.6% |
| Current assets29/58 | €25,084 | €54,489 | €87,060 | ▲ 59.8% |
| Stocks and contracts in progress3 | €3,000 | €3,000 | €12,928 | ▲ 331% |
| Amounts receivable within one year40/41 | €11,279 | €36,603 | €34,670 | ▼ 5.3% |
| Cash at bank and in hand54/58 | €10,805 | €14,886 | €35,958 | ▲ 142% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €25,807 | €62,425 | €91,973 | ▲ 47.3% |
| Equity10/15 | €11,488 | €14,968 | €20,355 | ▲ 36.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | €4,668 | €8,148 | €13,535 | ▲ 66.1% |
| Provisions and deferred taxes16 | - | - | €22,000 | - |
| Amounts payable17/49 | €14,319 | €47,457 | €49,618 | ▲ 4.6% |
| Amounts payable within one year42/48 | €12,045 | €47,457 | €49,618 | ▲ 4.6% |
| Trade debts44 | €12,045 | €20,801 | €47,748 | ▲ 130% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,803 | €15,480 | €5,387 | ▼ 65.2% |
| + Depreciation and write-downs630 | €1,250 | €3,567 | €3,567 | = |
| Operating cash flow (approximation) | €14,053 | €19,047 | €8,953 | ▼ 53.0% |
| Investment in fixed assets (approximation) | - | -€10,780 | -€543 | ▲ 95.0% |
| Change in cash | - | €4,081 | €21,072 | ▲ 416% |
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
2023
20-10
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 09-10-2023
2021
24-12
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 20-12-2021
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 123 days late
2020
31-12
Financial
Weakest financial yearnet €5,387 ▼65.2%
Net result drops to €5,387, the lowest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-12
Financial
Highest result since 2018net €15,480 ▲20.9%
Operating result €19,782, net result €15,480, both a record.
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 117 days late
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 281 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURA LEMAIRE RUE TUMELAIRE, 65, 6000 CHAR-
LEROI- .
Date provisoire de cessation de paiement : 20/12/2021 |
20-12-2021 → 09-10-2023 |