Manhattan retail
ActiveManhattan retail has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.91M and a net result of €387k. Equity is growing by ~46% per year across the filed fiscal years. Its solvency ranks better than 51% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-3
Solvency57▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 5.36 against 3.5 in 2024; short-term debt: 11.2% and cash: 33.5% of total assets), but 67.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
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
32.3%
Return on assets
6.5%
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
30 d early
2023
2 d early
2022
7 d late
2021
11 d early
2020
31 d early
2019
52 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, abbreviated schema
Turnover
€853k
EBIT margin
61.3%
Net result
€387k▼ 22.0%
2024 · €496k
2018: €165k
2019: €226k
2020: €-330k
2021: €105k
2022: €408k
2023: €447k
2024: €496k
2018 → 2025
Working capital
€2.89M▲ 39.5%
2024 · €2.07M
2018: €5.69M
2019: €6.20M
2020: €6.18M
2021: €-2.74M
2022: €-2.01M
2023: €1.13M
2024: €2.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€174k-€582k▲ 235%€1.03M▲ 76.8%€1.52M▲ 48.2%€1.91M▲ 25.4%
Operating result€455k-€818k▲ 79.6%€828k▲ 1.3%€1.02M▲ 22.9%€1.04M▲ 2.6%
Net result€105k-€408k▲ 288%€447k▲ 9.4%€496k▲ 11.0%€387k▼ 22.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.91M
Fixed assets
€2.36M▼ 3.7%
Current assets
€3.55M▲ 22.5%
Equity and liabilities €5.91M
Equity
€1.91M▲ 25.4%
Debt
€4.00M▲ 4.6%
The debt ratio falls from 71.5% to 67.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.15M▲
2024 · €1.12M
Cash flow
€492k▼
2024 · €600k
Solvency
32.3%▲
2024 · 28.5%
Current ratio
5.36▲
2024 · 3.50
Quick ratio
5.36▲
2024 · 3.50
Debt / equity
2.09▼
2024 · 2.51
ROE
20.2%▼
2024 · 32.5%
ROA
6.5%▼
2024 · 9.3%
Interest coverage
3.35▲
2024 · 3.28
Debt
€4.00M▲
2024 · €3.83M
Debt ≤ 1 year
€662k▼
2024 · €829k
Debt > 1 year
€2.63M▼
2024 · €3.00M
Income taxes
€360k▲
2024 · €180k
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€5.35M€5.91M▲
Formation expenses20€0€0=
Fixed assets21/28€2.45M€2.36M▼
Tangible fixed assets22/27€2.38M€2.29M▼
Land and buildings22€2.38M€2.29M▼
Financial fixed assets28€71k€71k=
Current assets29/58€2.90M€3.55M▲
Amounts receivable within one year40/41€1.62M€1.36M▼
Trade receivables40€414k€533k▲
Other amounts receivable41€1.20M€831k▼
Cash at bank and in hand54/58€1.28M€1.98M▲
Deferred charges and accrued income490/1-€203k
Equity and liabilities
Total equity and liabilities10/49€5.35M€5.91M▲
Equity10/15€1.52M€1.91M▲
Contributions10/11€1.61M€1.61M=
Profit (loss) carried forward14€-89k€298k▲
Amounts payable17/49€3.83M€4.00M▲
Amounts payable after more than one year17€3.00M€2.63M▼
Financial debts170/4€2.89M€2.53M▼
Other amounts payable178/9€103k€103k=
Amounts payable within one year42/48€829k€662k▼
Trade debts44€647k€662k▲
Suppliers440/4€647k€662k▲
Taxes, remuneration and social security45€183k€0▼
Taxes450/3€183k€0▼
Accrued charges and deferred income492/3-€706k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€105k▲
Other operating charges640/8€91k€52k▼
Gross operating margin9900€1.21M€1.20M▼
Operating profit (loss)9901€1.02M€1.04M▲
Financial income75/76B-€45k
Recurring financial income75-€45k
Financial charges65/66B€342k€343k▲
Recurring financial charges65€342k€343k▲
Profit (loss) for the period before taxes9903€676k€746k▲
Income taxes67/77€180k€360k▲
Profit (loss) for the period9904€496k€387k▼
Profit (loss) for the period to be appropriated9905€496k€387k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-89k€298k▲
Profit (loss) brought forward from the previous period14P€-585k€-89k▲
The notes to these accounts (9 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
01-09
State Gazette act
Statutes amendmentGeneral meeting · Statutes amendment4 facts ▸
State Gazette act
Statutes amendment
General meeting · Statutes amendment4 facts ▸
- General meeting, 2026-07-29
- Statutes amendment
- Statutes amendment
- Statutes amendment
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €496k ▲11%
Net result €496k, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 2.63
Current ratio from 0.83 to 2.63; short-term debt falls from €11.60M to €690k.
31-12
Financial
Equity above €1MEq €1.03M ▲76.8%
3 profitable years in a row build equity to €1.03M.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
31-12
Financial
Equity above €500kEq €582k ▲235%
2 profitable years in a row build equity to €582k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €105k
Net result €105k after one loss-making year.
31-12
Financial
Equity above €150kEq €174k ▲154%
Equity rises from €68k to €174k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-330k ▼246%
Net result drops to €-330k, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 52 days late
2019
31-12
Financial
Equity above €200kEq €398k ▲131%
2 profitable years in a row build equity to €398k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
23 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, Sint-Joost-ten-Node · 1 establishment unit since 2007
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.
Bolwerklaan 211210 Sint-Joost-ten-NodeGround area
7,591 m²
Building footprint
6,964 m²
Volume, LiDAR
397,635 m³
Parcel 21014A0008/00Z010, Brussels · tallest building 112.9 m, ±22 floors. Linked by address, not a title deed.
1 establishment unit
Manhatten Retail
since 20072.160.048.953
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0008/00Z010 | Brussels | 7,591 m² | 1 · 6,964 m² | 112.8 m · 22 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,765 companies in sector 68321 we hold annual accounts for 1,390. 667 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2007
Fiscal year end31-12
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.