Skip to content

MANEL TRADE

Active
Private limited companyfounded 20188 yrs activePagodenlaan 352, 1020 Brussel, BelgiumKBO/BCE: BE 0697.577.478
Summary

The computed 12-month bankruptcy probability of MANEL TRADE is 2.7% (moderate). The 2024 annual accounts show equity of €43,038 and a net result of €29,163. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 26069 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MANEL TRADEActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of bread and pastry (bakery outlets)
NACE 47241
1 site
Size
€116,690total assets 2024
Equity
€43,038
Profit
€29,163
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2024
Bankruptcy chance 12 m
2.7%
Structure
Accounts 65 d overdue0 of 3 deeds read
Why 54- Figures for FY 2024 (filed 02-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 30 days late; 1 of the last 3 late- Founded in 2018+ Liquidity: current ratio 1.13, cash €43,167Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 77% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 62+25
equity 36.9% of total assets
Liquidity 63+47
short-term debt 63.1% · cash 37.0%
Profitability 100+37
return on assets 25.0%
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (39,974 companies)
Last 24 months 11-2024: 5.0% 12-2024: 5.8%▲ +16.2% vs 11-2024highest value 01-2025: 4.7%▼ -18.9% vs 12-2024 02-2025: 4.7%● 0.0% vs 01-2025 03-2025: 4.7%▼ -0.6% vs 02-2025 04-2025: 5.0%▲ +6.5% vs 03-2025 05-2025: 5.4%▲ +7.9% vs 04-2025 06-2025: 5.1%▼ -4.6% vs 05-2025 07-2025: 5.1%▼ -0.2% vs 06-2025 08-2025: 4.0%▼ -21.8% vs 07-2025 09-2025: 4.2%▲ +3.6% vs 08-2025 10-2025: 1.0%▼ -76.7% vs 09-2025 11-2025: 1.0%▲ +2.3% vs 10-2025 12-2025: 1.0%● 0.0% vs 11-2025 01-2026: 0.9%▼ -8.5% vs 12-2025 02-2026: 0.9%▼ -2.0% vs 01-2026 03-2026: 0.9%▼ -4.2% vs 02-2026 04-2026: 0.9%▲ +2.4% vs 03-2026 05-2026: 0.9%▼ -1.3% vs 04-2026 06-2026: 0.8%▼ -2.3% vs 05-2026 07-2026: 0.8%▼ -0.5% vs 06-2026lowest value 08-2026: 1.2%▲ +45.6% vs 07-2026 09-2026: 1.5%▲ +19.4% vs 08-2026 10-2026: 2.7%▲ +87.5% vs 09-2026
  • Figures for FY 2024 (filed 02-09-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 30 days late; 1 of the last 3 late raises the probability
  • Founded in 2018 raises the probability for this profile
  • Liquidity: current ratio 1.13, cash €43,167 lowers the probability
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.99 in 2023; short-term debt: 63.1% and cash: 37% of total assets), and 63.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 52%, liquidity 70%, profitability 91%, growth against the median 96%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 02-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 30 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Founded in 2018
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 1.13, cash €43,167
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
1920222324
2019 to 2024 · latest year €43,038
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 5 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2023
126 d late
2022
18 d early
2020
31 d late
2019
84 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 51 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Highest result since 2019net €29,163 ▲135%
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Positive: Among the best 20% on net resultsector median €4,449 · 26,038 companies €29,163 View
  • Total assets 20245 fiscal years filed €116,690 View

By topic

Financials

Fiscal year
2024
Total assets
€116,690
Profit
€29,163
Solvency
36.9%
Total assets▼ 2.6%
Net result
20192024
Go to Financials

Timeline

Events
7
Since
2020
  1. 30-08-2025Annual accounts filed
  2. 31-12-2024Highest result since 2019
  3. 04-12-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of bread and pastry (bakery outlets)NACE 47241
Founded
04-06-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure