MANELISCHARL
ActiveMANELISCHARL has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €16k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 43% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
84
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+62
Solvency61▲+8
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.1 in 2024), and 64.2% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
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
35.8%
Return on assets
8%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €71k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 8 filingsDeviation from the deadline
2025
25 d late
2024
56 d late
2023
29 d late
2022
42 d late
2021
74 d late
2020
87 d late
2019
5 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€71k▲ 28.6%
2024 · €56k
2018: €61k
2019: €63k
2020: €80k
2021: €89k
2022: €66k
2023: €51k
2024: €56k
2018 → 2025
Total assets
€200k▲ 15.6%
2024 · €173k
2018: €145k
2019: €138k
2020: €217k
2021: €222k
2022: €185k
2023: €172k
2024: €173k
2018 → 2025
Net result
€16k▲ 278%
2024 · €4k
2018: €-11k
2019: €2k
2020: €18k
2021: €8k
2022: €-23k
2023: €-15k
2024: €4k
2018 → 2025
Working capital
€18k▲ 124%
2024 · €8k
2018: €-2k
2019: €6k
2020: €19k
2021: €28k
2022: €13k
2023: €4k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€66k▼ 25.5%€51k▼ 22.2%€56k▲ 8.2%€71k▲ 28.6%
Operating result€10k-€-21k€-10k▲ 51.2%€8k€20k▲ 143%
Net result€8k-€-23k€-15k▲ 35.3%€4k€16k▲ 278%
Turnover and EBIT margin not published: the micro 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 143% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200k
Fixed assets
€100k▲ 18.8%
Current assets
€100k▲ 12.5%
Equity and liabilities €200k
Equity
€71k▲ 28.6%
Debt
€128k▲ 9.4%
The debt ratio falls from 67.8% to 64.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€39k▲
2024 · €24k
Cash flow
€36k▲
2024 · €20k
Solvency
35.8%▲
2024 · 32.2%
Current ratio
1.22▲
2024 · 1.10
Quick ratio
0.66▼
2024 · 0.71
Debt / equity
1.79▼
2024 · 2.11
ROE
22.2%▲
2024 · 7.6%
ROA
8.0%▲
2024 · 2.4%
Interest coverage
11.00▲
2024 · 6.14
Debt
€128k▲
2024 · €117k
Debt ≤ 1 year
€82k▲
2024 · €81k
Debt > 1 year
€46k▲
2024 · €37k
Income taxes
€219▲
2024 · €186
Staff costs
€17k▼
2024 · €22k
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€173k€200k▲
Fixed assets21/28€84k€100k▲
Tangible fixed assets22/27€84k€100k▲
Land and buildings22€21k€19k▼
Plant, machinery and equipment23€14k€9k▼
Furniture and vehicles24-€31k
Leasing and similar rights25€49k€41k▼
Financial fixed assets28€175€175=
Current assets29/58€89k€100k▲
Stocks and contracts in progress3€32k€46k▲
Stocks30/36€32k€46k▲
Amounts receivable within one year40/41€9k€402▼
Trade receivables40€8k€208▼
Other amounts receivable41€194€194=
Cash at bank and in hand54/58€47k€50k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€173k€200k▲
Equity10/15€56k€71k▲
Contributions10/11€73k€73k=
Profit (loss) carried forward14€-17k€-1k▲
Amounts payable17/49€117k€128k▲
Amounts payable after more than one year17€37k€46k▲
Financial debts170/4€37k€46k▲
Amounts payable within one year42/48€81k€82k▲
Current portion of amounts payable after more than one year42€15k€24k▲
Trade debts44€2k€942▼
Suppliers440/4€2k€942▼
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€7k€5k▼
Remuneration and social security454/9€5k€5k▼
Other amounts payable47/48€51k€47k▼
Accrued charges and deferred income492/3€2€39▲
Income statement
Code20242025
Remuneration, social security and pensions62€22k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€20k▲
Other operating charges640/8€1k€965▼
Gross operating margin9900€46k€57k▲
Operating profit (loss)9901€8k€20k▲
Financial income75/76B€163€98▼
Recurring financial income75€163€98▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€4k€16k▲
Income taxes67/77€186€219▲
Profit (loss) for the period9904€4k€16k▲
Profit (loss) for the period to be appropriated9905€4k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-1k▲
Profit (loss) brought forward from the previous period14P€-21k€-17k▲
The notes to these accounts (7 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
31-12
Financial
Weakest financial yearnet €-23k ▼376%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Highest result since 2018net €18k ▲1067%
Net result €18k, the highest in the series.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-03-2024
Fabienne DECOCK: Resigned as Director
20-12-2023
Fabienne DECOCK: Resigned as Managing director
20-12-2023
Emmanuel LECLERCQZ: Resigned as Managing director
Location & real-estate footprint
Registered office, Viroinval · 2 establishment units since 2017
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 Pairière, Oignies 95670 ViroinvalGround area
1,156 m²
Building footprint
309 m²
Volume, LiDAR
1,208 m³
2 parcels, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Rue Pairière, Oignies 9, 5670 Viroinval
since 20172.272.885.885
Rue des Juifs, Nismes 4, 5670 Viroinval
since 20172.272.885.984
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93049C0651/00R000 | Wallonia | 910 m² | 1 · 174 m² | 10.1 m · 3 fl. |
| 93047A0686/00K000 | Wallonia | 246 m² | 1 · 135 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteViroinval2.272.885.984
Similar companies · same sector, comparable size
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LG FOREST
BE 0786.297.737
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THOMAS Franck
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Bouillon · Eq €70k
TRANS-PRO-BOIS
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Houyet · Eq €70k
Of 1,551 companies in sector 02200 we hold annual accounts for 448. 288 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2017
Fiscal year end31-12
Activities, NACEBEL
02200Logging
47279Other retail sale of food
47299Retail trade
02400Forestry and logging
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.