ManArt
ActiveSummary
ManArt has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€9,209) and a net result of -€2,524. Equity is shrinking by ~35.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 11693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
What stands out
Overview
Why 39- Annual accounts: weaker financial profile- Higher-failure-rate sector- Negative equityLatest accounts filed on timeShow the evidence
Checked score
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Signals
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Total assets €35,450Loss -€2,524Solvency -26.0%Liquidity 3.54
Financials · fiscal year 2025, micro schema
Trend over the years
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 46, Wholesale trade, 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).
Result per fiscal year
Key figures and ratios
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,332 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.
Filed annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €185 | €88 | €0 | - | - | - |
| Other operating charges640/8 | €410 | €495 | €531 | €619 | €547 | ▼ 11.7% |
| Gross operating margin9900 | -€768 | -€1,010 | -€983 | -€898 | -€1,889 | ▼ 110% |
| Operating profit (loss)9901 | -€1,363 | -€1,592 | -€1,514 | -€1,518 | -€2,435 | ▼ 60.5% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | €46 | €39 | €39 | €0 | €89 | - |
| Recurring financial charges65 | €46 | €39 | €39 | €0 | €89 | - |
| Profit (loss) for the period before taxes9903 | -€1,409 | -€1,631 | -€1,553 | -€1,518 | -€2,524 | ▼ 66.3% |
| Profit (loss) for the period9904 | -€1,409 | -€1,631 | -€1,553 | -€1,518 | -€2,524 | ▼ 66.3% |
| Profit (loss) for the period to be appropriated9905 | -€1,409 | -€1,631 | -€1,553 | -€1,518 | -€2,524 | ▼ 66.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,036 | €37,323 | €33,043 | €31,886 | €35,450 | ▲ 11.2% |
| Formation expenses20 | €88 | €0 | - | - | - | - |
| Current assets29/58 | €38,948 | €37,323 | €33,043 | €31,886 | €35,450 | ▲ 11.2% |
| Stocks and contracts in progress3 | €29,633 | €29,633 | €29,633 | €29,633 | €29,633 | = |
| Stocks30/36 | €29,633 | €29,633 | €29,633 | €29,633 | €29,633 | = |
| Amounts receivable within one year40/41 | €1,764 | €1,927 | €2,094 | €2,225 | €2,346 | ▲ 5.4% |
| Trade receivables40 | €19 | €21 | €0 | - | - | - |
| Other amounts receivable41 | €1,745 | €1,905 | €2,094 | €2,225 | €2,346 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €7,551 | €5,763 | €1,316 | €28 | €3,471 | ▲ 12,265% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,036 | €37,323 | €33,043 | €31,886 | €35,450 | ▲ 11.2% |
| Equity10/15 | -€1,984 | -€3,614 | -€5,167 | -€6,685 | -€9,209 | ▼ 37.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€8,184 | -€9,814 | -€11,367 | -€12,885 | -€15,409 | ▼ 19.6% |
| Amounts payable17/49 | €41,020 | €40,937 | €38,211 | €38,571 | €44,659 | ▲ 15.8% |
| Amounts payable after more than one year17 | €33,400 | €33,400 | €33,400 | €33,400 | €33,400 | = |
| Financial debts170/4 | €33,400 | €33,400 | €33,400 | €33,400 | €33,400 | = |
| Amounts payable within one year42/48 | €7,620 | €7,537 | €4,811 | €5,171 | €10,009 | ▲ 93.5% |
| Trade debts44 | - | €216 | €0 | €361 | €476 | ▲ 31.9% |
| Suppliers440/4 | - | €216 | €0 | €361 | €476 | ▲ 31.9% |
| Other amounts payable47/48 | €7,620 | €7,322 | €4,811 | €4,811 | €9,533 | ▲ 98.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,250 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,409 | -€1,631 | -€1,553 | -€1,518 | -€2,524 | ▼ 66.3% |
| + Depreciation and write-downs630 | €185 | €88 | €0 | - | - | - |
| Operating cash flow (approximation) | -€1,224 | -€1,543 | -€1,553 | -€1,518 | -€2,524 | ▼ 66.3% |
| Change in cash | - | -€1,788 | -€4,447 | -€1,288 | €3,443 | ▲ 367% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
Timeline
12 eventsLatest 24-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Company details
Private limited company · founded 20-11-2015Year ends 31-12Peppol not found1 site
Register details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B0692/00F002 | Flanders | 1,258 m² | 1 · 324 m² | 10.1 m · 2 fl. |
| 71303C0520/00D000 | Flanders | 1,084 m² | 1 · 148 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
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