MANEBO
ActiveSummary
MANEBO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €913,286 and a net result of €124,510. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+19
Solvency52▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.48 in 2024; short-term debt: 58.1% and cash: 8.8% of total assets), and 73.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
26.6%
Return on assets
3.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
29 d late
2023
24 d late
2022
98 d late
2021
15 d late
2020
5 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 employer in Kruisem, Construction sector
Equity
€913,286▲ 15.8%
2024 · €788,776
Total assets
€3.4m▲ 28.0%
2024 · €2.7m
Net result
€124,510▲ 113%
2024 · €58,395
Working capital
€510,955▼ 17.6%
2024 · €620,340
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€101,105▲ 262%€81,751▼ 19.1%€141,184▲ 72.7%€154,663▲ 9.5%€239,788▲ 55.0%
Net result€82,459within the sector's middle half▲ 378%€44,007within the sector's middle half▼ 46.6%€85,990within the sector's middle half▲ 95.4%€58,395within the sector's middle half▼ 32.1%€124,510above the sector's middle half▲ 113%
Equity€600,383within the sector's middle half▲ 15.9%€644,390within the sector's middle half▲ 7.3%€730,381above the sector's middle half▲ 13.3%€788,776above the sector's middle half▲ 8.0%€913,286above the sector's middle half▲ 15.8%
Total assets€1.2mwithin the sector's middle half▲ 36.2%€1.6mwithin the sector's middle half▲ 35.2%€2.1mabove the sector's middle half▲ 31.3%€2.7mabove the sector's middle half▲ 26.3%€3.4mabove the sector's middle half▲ 28.0%
Debt€597,475▲ 65.3%€974,671▲ 63.1%€1.4m▲ 43.2%€1.9m▲ 35.9%€2.5m▲ 33.1%
Working capital€563,369▲ 13.8%€598,320▲ 6.2%€579,226▼ 3.2%€620,340▲ 7.1%€510,955▼ 17.6%
Solvency50.1%within the sector's middle half▼ 8.8pp39.8%within the sector's middle half▼ 10.3pp34.3%within the sector's middle half▼ 5.5pp29.4%within the sector's middle half▼ 5.0pp26.6%within the sector's middle half▼ 2.8pp
Staff (FTE)5.1within the sector's middle half▲ 34.2%5within the sector's middle half▼ 2.0%1.9below the sector's middle half▼ 62.0%8.7within the sector's middle half▲ 358%13.3above the sector's middle half▲ 52.9%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€930,809 ▲ 20.6%
Current assets
€2.5m ▲ 31.0%
Equity and liabilities €3.4m
Equity
€913,286 ▲ 15.8%
Debt
€2.5m ▲ 33.1%
Debt's share of the balance-sheet total rises from 70.6% to 73.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€421,146▲
2024 · €283,266
Cash flow
€305,867▲
2024 · €186,999
Current ratio
1.26▼
2024 · 1.48
Quick ratio
1.11▼
2024 · 1.24
Debt to equity
2.77▲
2024 · 2.41
ROE
13.6%▲
2024 · 7.4%
ROA
3.6%▲
2024 · 2.2%
Interest coverage
6.00▲
2024 · 3.91
Debt ≤ 1 year
€2.0m▲
2024 · €1.3m
Debt > 1 year
€528,478▼
2024 · €603,537
Income taxes
€65,619▲
2024 · €26,870
Staff costs
€926,945▲
2024 · €466,330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,105 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,970 | €0 | €15,702 | €5,759 | ▼ 63.3% |
| Remuneration, social security and pensions62 | - | €258,710 | €243,487 | €466,330 | €926,945 | ▲ 98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,511 | €24,804 | €47,447 | €128,604 | €181,358 | ▲ 41.0% |
| Other operating charges640/8 | - | €17,966 | €7,301 | €18,534 | €11,863 | ▼ 36.0% |
| Non-recurring operating charges66A | - | €295 | €0 | - | - | - |
| Gross operating margin9900 | €358,656 | €383,526 | €439,419 | €768,131 | €1.4m | ▲ 77.0% |
| Operating profit (loss)9901 | €101,105 | €81,751 | €141,184 | €154,663 | €239,788 | ▲ 55.0% |
| Financial income75/76B | - | €1,084 | €606 | €3,039 | €20,478 | ▲ 574% |
| Recurring financial income75 | €1,991 | €1,084 | €606 | €3,039 | €20,478 | ▲ 574% |
| Financial charges65/66B | - | €25,355 | €24,320 | €72,436 | €70,138 | ▼ 3.2% |
| Recurring financial charges65 | €4,113 | €25,355 | €24,320 | €72,436 | €70,138 | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | €98,983 | €57,480 | €117,470 | €85,266 | €190,129 | ▲ 123% |
| Income taxes67/77 | €16,524 | €13,473 | €31,479 | €26,870 | €65,619 | ▲ 144% |
| Profit (loss) for the period9904 | €82,459 | €44,007 | €85,990 | €58,395 | €124,510 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €82,459 | €44,007 | €85,990 | €58,395 | €124,510 | ▲ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.6m | €2.1m | €2.7m | €3.4m | ▲ 28.0% |
| Fixed assets21/28 | €117,548 | €110,484 | €452,719 | €771,973 | €930,809 | ▲ 20.6% |
| Tangible fixed assets22/27 | €115,288 | €108,224 | €444,292 | €765,773 | €913,954 | ▲ 19.4% |
| Plant, machinery and equipment23 | - | €15,164 | €161,730 | €346,049 | €559,692 | ▲ 61.7% |
| Furniture and vehicles24 | - | €6,903 | €78,066 | €81,953 | €75,109 | ▼ 8.4% |
| Leasing and similar rights25 | - | €86,157 | €204,495 | €337,770 | €279,153 | ▼ 17.4% |
| Financial fixed assets28 | €2,260 | €2,260 | €8,427 | €6,200 | €16,855 | ▲ 172% |
| Current assets29/58 | €1.1m | €1.5m | €1.7m | €1.9m | €2.5m | ▲ 31.0% |
| Amounts receivable after more than one year29 | - | €232,672 | €72,672 | €316,121 | €307,472 | ▼ 2.7% |
| Other amounts receivable291 | - | €232,672 | €72,672 | €316,121 | €307,472 | ▼ 2.7% |
| Stocks and contracts in progress3 | - | €38,000 | €161,000 | €316,000 | €293,000 | ▼ 7.3% |
| Stocks30/36 | - | €38,000 | €22,500 | €61,000 | €83,000 | ▲ 36.1% |
| Contracts in progress37 | - | - | €138,500 | €255,000 | €210,000 | ▼ 17.6% |
| Amounts receivable within one year40/41 | €758,609 | €907,009 | €1.3m | €1.0m | €1.5m | ▲ 52.5% |
| Trade receivables40 | - | €871,518 | €1.2m | €944,433 | €1.3m | ▲ 35.6% |
| Other amounts receivable41 | - | €35,491 | €43,647 | €69,555 | €265,557 | ▲ 282% |
| Current investments50/53 | €120 | €120 | €120 | €120 | - | - |
| Cash at bank and in hand54/58 | €81,090 | €322,758 | €137,418 | €248,200 | €301,903 | ▲ 21.6% |
| Deferred charges and accrued income490/1 | - | €8,018 | €12,511 | €20,191 | €60,121 | ▲ 198% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.6m | €2.1m | €2.7m | €3.4m | ▲ 28.0% |
| Equity10/15 | €600,383 | €644,390 | €730,381 | €788,776 | €913,286 | ▲ 15.8% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €27,000 | €27,000 | €112,000 | €768,776 | €893,286 | ▲ 16.2% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | €25,000 | €110,000 | €768,776 | €893,286 | ▲ 16.2% |
| Profit (loss) carried forward14 | €553,383 | €597,390 | €598,381 | €0 | - | - |
| Amounts payable17/49 | €597,475 | €974,671 | €1.4m | €1.9m | €2.5m | ▲ 33.1% |
| Amounts payable after more than one year17 | €80,533 | €64,414 | €301,564 | €603,537 | €528,478 | ▼ 12.4% |
| Financial debts170/4 | - | €64,414 | €301,564 | €603,537 | €528,478 | ▼ 12.4% |
| Amounts payable within one year42/48 | €516,942 | €910,258 | €1.1m | €1.3m | €2.0m | ▲ 54.4% |
| Current portion of amounts payable after more than one year42 | - | €16,120 | €91,259 | €152,963 | €185,235 | ▲ 21.1% |
| Financial debts43 | - | €200,000 | €100,733 | €307,830 | €137,366 | ▼ 55.4% |
| Credit institutions430/8 | - | €200,000 | €100,733 | €307,830 | €137,366 | ▼ 55.4% |
| Trade debts44 | €306,835 | €362,434 | €454,417 | €768,805 | €1.5m | ▲ 100% |
| Suppliers440/4 | - | €362,434 | €454,417 | €768,805 | €1.5m | ▲ 100% |
| Taxes, remuneration and social security45 | - | €26,980 | €54,099 | €41,170 | €135,335 | ▲ 229% |
| Taxes450/3 | - | €13,828 | €45,350 | €28,111 | €66,007 | ▲ 135% |
| Remuneration and social security454/9 | - | €13,152 | €8,748 | €13,059 | €69,328 | ▲ 431% |
| Other amounts payable47/48 | - | €304,725 | €393,954 | €23,512 | €842 | ▼ 96.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,459 | €44,007 | €85,990 | €58,395 | €124,510 | ▲ 113% |
| + Depreciation and write-downs630 | €24,511 | €24,804 | €47,447 | €128,604 | €181,358 | ▲ 41.0% |
| Operating cash flow (approximation) | €106,971 | €68,811 | €133,437 | €186,999 | €305,867 | ▲ 63.6% |
| Investment in fixed assets (approximation) | - | -€17,741 | -€389,681 | -€447,858 | -€340,194 | ▲ 24.0% |
| Change in cash | - | €241,668 | -€185,340 | €110,782 | €53,703 | ▼ 51.5% |
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
Next filing, fiscal year 2026, expected by
2026
19-03
State Gazette act
Registered office · Statutes amendmentRegistered-office move · Power of attorney5 facts ▸
State Gazette act
Registered office · Statutes amendment
Registered-office move · Power of attorney5 facts ▸
- General meeting, 13 maart 2026
- Registered-office move, 9750 Kruisem, Kokerstraat 2+
- Statutes amendment
- Statutes amendment
- Power of attorney, bestuursorgaan
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €124,510 ▲113%
Operating result €239,788, net result €124,510, both a record.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 24 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 98 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €17,264 ▼65.6%
Net result drops to €17,264, the lowest in the series; recovery starts the following year.
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kruisem · 1 establishment unit since 2009
Ground area
4,346 m²
Building footprint
738 m²
Volume, LiDAR
5,503 m³
Parcel 45015C1101/00D000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MANEBO
since 20092.177.124.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45015C1101/00D000 | Flanders | 4,346 m² | 1 · 738 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 4,819 EUR awarded · 4,590 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,665 EUR | 4,590 EUR |
| 2024 | 1 | 154 EUR | 0 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryMANEBO BV45739
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 2,618 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-03-2009
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
43320Joinery installation
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810509135
Also
9925:BE0810509135
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.