MANEL
ActiveSummary
MANEL has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €797,906 and a net result of €362,881. Equity is growing by ~48.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 6,778 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,298 | €6,803 | €6,804 | €17,800 | €23,245 | ▲ 30.6% |
| Other operating charges640/8 | - | €762 | €1,066 | €2,156 | €30,663 | ▲ 1,322% |
| Gross operating margin9900 | €135,110 | €258,019 | €200,858 | €430,266 | €567,874 | ▲ 32.0% |
| Operating profit (loss)9901 | €122,993 | €250,454 | €192,988 | €410,310 | €513,966 | ▲ 25.3% |
| Financial income75/76B | - | - | €14,980 | €99 | - | - |
| Recurring financial income75 | - | - | €14,980 | €99 | - | - |
| Financial charges65/66B | - | €6,434 | €6,333 | €6,701 | €27,811 | ▲ 315% |
| Recurring financial charges65 | €9,367 | €6,434 | €6,333 | €6,701 | €27,811 | ▲ 315% |
| Profit (loss) for the period before taxes9903 | €113,626 | €244,020 | €201,635 | €403,708 | €486,155 | ▲ 20.4% |
| Income taxes67/77 | €31,232 | €64,628 | €50,986 | €100,621 | €123,274 | ▲ 22.5% |
| Profit (loss) for the period9904 | €82,394 | €179,392 | €150,649 | €303,087 | €362,881 | ▲ 19.7% |
| Profit (loss) for the period to be appropriated9905 | €82,394 | €179,392 | €150,649 | €303,087 | €362,881 | ▲ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €633,250 | €860,471 | €854,260 | €1.3m | €1.6m | ▲ 29.8% |
| Fixed assets21/28 | €34,082 | €27,279 | €26,675 | €91,352 | €68,107 | ▼ 25.4% |
| Tangible fixed assets22/27 | €30,982 | €24,179 | €17,375 | €82,052 | €58,807 | ▼ 28.3% |
| Furniture and vehicles24 | - | €24,179 | €17,375 | €82,052 | €58,807 | ▼ 28.3% |
| Financial fixed assets28 | €3,100 | €3,100 | €9,300 | €9,300 | €9,300 | = |
| Current assets29/58 | €599,168 | €833,192 | €827,585 | €1.2m | €1.6m | ▲ 34.1% |
| Stocks and contracts in progress3 | €323,750 | €323,750 | €323,750 | €323,750 | €323,750 | = |
| Stocks30/36 | - | €323,750 | €323,750 | €323,750 | €323,750 | = |
| Amounts receivable within one year40/41 | €227,371 | €141,506 | €200,849 | €358,003 | €362,076 | ▲ 1.1% |
| Trade receivables40 | - | €46,138 | €51,190 | €53,345 | €55,691 | ▲ 4.4% |
| Other amounts receivable41 | - | €95,368 | €149,659 | €304,658 | €306,385 | ▲ 0.6% |
| Current investments50/53 | - | - | - | - | €800,000 | - |
| Cash at bank and in hand54/58 | €48,047 | €367,936 | €237,986 | €494,874 | €91,505 | ▼ 81.5% |
| Deferred charges and accrued income490/1 | - | - | €65,000 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €633,250 | €860,471 | €854,260 | €1.3m | €1.6m | ▲ 29.8% |
| Equity10/15 | €275,261 | €454,653 | €605,302 | €888,380 | €797,906 | ▼ 10.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €256,661 | €436,053 | €586,702 | €869,780 | €779,306 | ▼ 10.4% |
| Distributable reserves133 | - | €436,053 | €586,702 | €869,780 | €779,306 | ▼ 10.4% |
| Amounts payable17/49 | €357,989 | €405,818 | €248,958 | €379,599 | €847,532 | ▲ 123% |
| Amounts payable within one year42/48 | €356,097 | €404,289 | €247,218 | €374,909 | €847,532 | ▲ 126% |
| Financial debts43 | - | €280,000 | €155,000 | - | - | - |
| Credit institutions430/8 | - | €280,000 | €155,000 | - | - | - |
| Trade debts44 | - | €25 | €229 | €646 | €87 | ▼ 86.5% |
| Suppliers440/4 | - | €25 | €229 | €646 | €87 | ▼ 86.5% |
| Taxes, remuneration and social security45 | - | €76,055 | €52,978 | €14,563 | €79,800 | ▲ 448% |
| Taxes450/3 | - | €76,055 | €52,978 | €14,563 | €79,800 | ▲ 448% |
| Other amounts payable47/48 | - | €48,209 | €39,011 | €359,700 | €767,645 | ▲ 113% |
| Accrued charges and deferred income492/3 | - | €1,529 | €1,740 | €4,690 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,394 | €179,392 | €150,649 | €303,087 | €362,881 | ▲ 19.7% |
| + Depreciation and write-downs630 | €10,298 | €6,803 | €6,804 | €17,800 | €23,245 | ▲ 30.6% |
| Operating cash flow (approximation) | €92,692 | €186,195 | €157,453 | €320,887 | €386,126 | ▲ 20.3% |
| Investment in fixed assets (approximation) | - | €0 | -€6,200 | -€82,477 | €0 | ▲ 100% |
| Change in cash | - | €319,889 | -€129,950 | €256,888 | -€403,369 | ▼ 257% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46017B0110/00B000 | Flanders | 1,032 m² | 1 · 158 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 30-06-2025 of MANEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.