MANELEC
ActiveMANELEC has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-63k) and a net result of €-28k. Equity is shrinking by ~47.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.09 in 2024; short-term debt: 179.9% and cash: 0.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-95.6%
Return on assets
-41.8%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-63k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
11 d late
2023
376 d late
2022
31 d late
2021
31 d late
2020
44 d late
2019
98 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-63k▼ 77.8%
2024 · €-36k
2018: €43k
2019: €45k
2020: €53k
2021: €35k
2022: €15k
2023: €-12k
2024: €-36k
2018 → 2025
Total assets
€66k▼ 16.4%
2024 · €79k
2018: €189k
2019: €176k
2020: €178k
2021: €154k
2022: €127k
2023: €91k
2024: €79k
2018 → 2025
Net result
€-28k▼ 17.0%
2024 · €-24k
2018: €-19k
2019: €2k
2020: €8k
2021: €-17k
2022: €-21k
2023: €-27k
2024: €-24k
2018 → 2025
Working capital
€-116k▼ 39.2%
2024 · €-83k
2018: €-29k
2019: €-28k
2020: €22k
2021: €-527
2022: €-25k
2023: €-55k
2024: €-83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€15k▼ 58.4%€-12k€-36k▼ 198%€-63k▼ 77.8%
Operating result€-13k-€-17k▼ 29.0%€-22k▼ 34.3%€-20k▲ 9.8%€-23k▼ 15.2%
Net result€-17k-€-21k▼ 19.9%€-27k▼ 29.0%€-24k▲ 11.1%€-28k▼ 17.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2025 against €20k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66k
Fixed assets
€63k▼ 11.2%
Current assets
€3k▼ 62.4%
Key figures and ratios
EBITDA
€-15k▼
2024 · €-12k
Cash flow
€-20k▼
2024 · €-16k
Solvency
-95.6%▼
2024 · -44.9%
Current ratio
0.03▼
2024 · 0.09
Quick ratio
0.03▼
2024 · 0.09
Debt / equity
-2.05▲
2024 · -3.23
ROA
-41.8%▼
2024 · -29.9%
Interest coverage
-4.77▼
2024 · -3.50
Debt
€130k▲
2024 · €115k
Debt ≤ 1 year
€119k▲
2024 · €91k
Debt > 1 year
€10k▼
2024 · €23k
Income taxes
€1k▲
2024 · €259
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€79k€66k▼
Fixed assets21/28€71k€63k▼
Intangible fixed assets21€600€400▼
Tangible fixed assets22/27€71k€63k▼
Land and buildings22€71k€63k▼
Current assets29/58€8k€3k▼
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40€2k€3k▲
Other amounts receivable41€142€0▼
Cash at bank and in hand54/58€0€407▲
Deferred charges and accrued income490/1€6k€0▼
Equity and liabilities
Total equity and liabilities10/49€79k€66k▼
Equity10/15€-36k€-63k▼
Contributions10/11€19k€19k=
Reserves13€56k€56k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€54k€54k=
Profit (loss) carried forward14€-110k€-138k▼
Amounts payable17/49€115k€130k▲
Amounts payable after more than one year17€23k€10k▼
Financial debts170/4€23k€10k▼
Amounts payable within one year42/48€91k€119k▲
Current portion of amounts payable after more than one year42€14k€13k▼
Financial debts43€9k€0▼
Credit institutions430/8€9k€0▼
Trade debts44€10k€3k▼
Suppliers440/4€10k€3k▼
Taxes, remuneration and social security45€798€2k▲
Taxes450/3€798€2k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€58k€101k▲
Accrued charges and deferred income492/3-€74
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€858€0▼
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€-6k€-10k▼
Operating profit (loss)9901€-20k€-23k▼
Financial income75/76B€160€1▼
Recurring financial income75€160€1▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-23k€-26k▼
Income taxes67/77€259€1k▲
Profit (loss) for the period9904€-24k€-28k▼
Profit (loss) for the period to be appropriated9905€-24k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€-138k▼
Profit (loss) brought forward from the previous period14P€-87k€-110k▼
The notes to these accounts (11 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 376 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
31-12
Financial
Highest result since 2018net €8k ▲249%
Operating result €12k, net result €8k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.39
Current ratio from 0.46 to 1.39.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Awans · 1 establishment unit since 1982
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.
Rue de la Chaudronnerie 44340 AwansGround area
2,136 m²
Building footprint
630 m²
Volume, LiDAR
749 m³
2 parcels, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue des Mimosas 27, 4432 Ans
since 19822.021.258.482
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006B0506/00B000 | Wallonia | 1,547 m² | 1 · 478 m² | - |
| 62001B0850/00C002 | Wallonia | 590 m² | 1 · 153 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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BE 0795.611.519
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AZURBEL MULTISERVICES
BE 0760.505.338
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WEST INGELEC
BE 0667.881.523
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KLN4YOU
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,324. 6,516 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-07-1982
Fiscal year end31-12
Abbreviation FR
B.R.S.
Activities, NACEBEL
43211General electrical installation work
45310
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.