MANAX
ActiveMANAX has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €4k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-15
Solvency100▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 2.25 in 2024; short-term debt: 21.6% and cash: 29.4% of total assets), and 21.6% 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+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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
78.4%
Return on assets
2.4%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
1 d early
2022
31 d late
2021
25 d late
2020
31 d early
2019
39 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€133k▲ 3.1%
2024 · €129k
2019: €54k
2020: €102k
2021: €116k
2022: €105k
2023: €103k
2024: €129k
2019 → 2025
Total assets
€170k▼ 8.1%
2024 · €185k
2019: €75k
2020: €139k
2021: €137k
2022: €110k
2023: €106k
2024: €185k
2019 → 2025
Net result
€4k▼ 84.8%
2024 · €27k
2019: €41k
2020: €49k
2021: €8k
2022: €-11k
2023: €-2k
2024: €27k
2019 → 2025
Working capital
€74k▲ 5.8%
2024 · €70k
2019: €44k
2020: €99k
2021: €55k
2022: €40k
2023: €43k
2024: €70k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€105k▼ 9.6%€103k▼ 2.0%€129k▲ 25.8%€133k▲ 3.1%
Operating result€10k-€-11k€-2k▲ 82.5%€32k€4k▼ 87.4%
Net result€8k-€-11k€-2k▲ 81.7%€27k€4k▼ 84.8%
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 falls in 2025; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€60k=
Current assets
€110k▼ 12.0%
Equity and liabilities €170k
Equity
€133k▲ 3.1%
Debt
€37k▼ 34.3%
The debt ratio falls from 30.1% to 21.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €32k
Cash flow
€4k▼
2024 · €27k
Solvency
78.4%▲
2024 · 69.9%
Current ratio
3.01▲
2024 · 2.25
Quick ratio
3.01▲
2024 · 2.25
Debt / equity
0.27▼
2024 · 0.43
ROE
3.0%▼
2024 · 20.5%
ROA
2.4%▼
2024 · 14.3%
Interest coverage
28.14▼
2024 · 159.70
Debt
€37k▼
2024 · €56k
Debt ≤ 1 year
€37k▼
2024 · €56k
Income taxes
€-188▼
2024 · €5k
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€185k€170k▼
Fixed assets21/28€60k€60k=
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Financial fixed assets28€60k€60k=
Current assets29/58€125k€110k▼
Amounts receivable after more than one year29€0-
Trade receivables290€0-
Amounts receivable within one year40/41€125k€60k▼
Trade receivables40€117k€52k▼
Other amounts receivable41€8k€8k▲
Cash at bank and in hand54/58€603€50k▲
Equity and liabilities
Total equity and liabilities10/49€185k€170k▼
Equity10/15€129k€133k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€111k€115k▲
Amounts payable17/49€56k€37k▼
Amounts payable within one year42/48€56k€37k▼
Trade debts44€12k€612▼
Suppliers440/4€12k€612▼
Taxes, remuneration and social security45€17k€36k▲
Taxes450/3€17k€4k▼
Remuneration and social security454/9-€32k
Other amounts payable47/48€27k€19▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€155€0▼
Other operating charges640/8€906€520▼
Non-recurring operating charges66A€0-
Gross operating margin9900€33k€5k▼
Operating profit (loss)9901€32k€4k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€199€142▼
Recurring financial charges65€199€142▼
Profit (loss) for the period before taxes9903€31k€4k▼
Income taxes67/77€5k€-188▼
Profit (loss) for the period9904€27k€4k▼
Profit (loss) for the period to be appropriated9905€27k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€115k▲
Profit (loss) brought forward from the previous period14P€84k€111k▲
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-11k ▼251%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 7.93
Current ratio from 3.67 to 7.93; short-term debt falls from €21k to €6k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €49k ▲17.4%
Operating result €62k, net result €49k, both a record.
31-12
Financial
Equity above €100kEq €102k ▲90.3%
2 profitable years in a row build equity to €102k.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Mortsel · 1 establishment unit since 2018
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.
Molenstraat 522640 MortselGround area
506 m²
Building footprint
410 m²
Volume, LiDAR
2,670 m³
Parcel 11513C0237/00V006, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MANAX
since 20182.275.807.565
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0237/00V006 | Flanders | 506 m² | 1 · 410 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
GBIO CONSULTING & MANAGEMENT
BE 0777.440.449
La Hulpe · Eq €133k
BEL - SET
BE 0437.619.161
Incourt · Eq €133k
Eli Consulting
BE 0793.862.945
Oudergem · Eq €133k
NAB Management
BE 0841.530.626
Evere · Eq €133k
ZINSPELING
BE 0476.353.736
Bilzen-Hoeselt · Eq €133k
Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 40,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-03-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.