MANHOVE
ActiveMANHOVE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224k and a net result of €34k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 4462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54=
Solvency44▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.26 in 2024; short-term debt: 14.2% and cash: 6.8% of total assets), and 81.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
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
18.9%
Return on assets
2.9%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
24 d early
2023
28 d early
2022
21 d early
2021
47 d early
2020
39 d early
2019
on the day
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€224k▲ 18.1%
2024 · €190k
2018: €68k
2019: €86k
2020: €90k
2021: €124k
2022: €169k
2023: €172k
2024: €190k
2018 → 2025
Total assets
€1.19M▲ 50.1%
2024 · €792k
2018: €339k
2019: €452k
2020: €390k
2021: €489k
2022: €519k
2023: €619k
2024: €792k
2018 → 2025
Net result
€34k▲ 89.6%
2024 · €18k
2018: €3k
2019: €19k
2020: €4k
2021: €34k
2022: €45k
2023: €2k
2024: €18k
2018 → 2025
Working capital
€75k▲ 93.8%
2024 · €39k
2018: €34k
2019: €49k
2020: €19k
2021: €17k
2022: €70k
2023: €8k
2024: €39k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€169k▲ 36.7%€172k▲ 1.5%€190k▲ 10.6%€224k▲ 18.1%
Operating result€46k-€75k▲ 62.9%€16k▼ 78.4%€44k▲ 173%€74k▲ 67.4%
Net result€34k-€45k▲ 33.6%€2k▼ 94.5%€18k▲ 628%€34k▲ 89.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 67% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€946k▲ 55.6%
Current assets
€243k▲ 31.9%
Equity and liabilities €1.19M
Equity
€224k▲ 18.1%
Debt
€965k▲ 60.2%
The debt ratio rises from 76.0% to 81.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€138k▲
2024 · €97k
Cash flow
€99k▲
2024 · €71k
Solvency
18.9%▼
2024 · 24.0%
Current ratio
1.44▲
2024 · 1.26
Quick ratio
0.84▼
2024 · 1.25
Debt / equity
4.30▲
2024 · 3.17
ROE
15.4%▲
2024 · 9.6%
ROA
2.9%▲
2024 · 2.3%
Interest coverage
3.74▼
2024 · 3.92
Debt
€965k▲
2024 · €603k
Debt ≤ 1 year
€168k▲
2024 · €146k
Debt > 1 year
€795k▲
2024 · €457k
Income taxes
€3k▲
2024 · €3k
Staff costs
€205k▼
2024 · €209k
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€792k€1.19M▲
Fixed assets21/28€608k€946k▲
Tangible fixed assets22/27€608k€946k▲
Land and buildings22€536k€891k▲
Plant, machinery and equipment23€51k€54k▲
Furniture and vehicles24€21k€2k▼
Current assets29/58€184k€243k▲
Stocks and contracts in progress3€2k€102k▲
Stocks30/36€2k€2k▼
Contracts in progress37-€100k
Amounts receivable within one year40/41€129k€47k▼
Trade receivables40€117k€27k▼
Other amounts receivable41€12k€20k▲
Cash at bank and in hand54/58€41k€81k▲
Deferred charges and accrued income490/1€12k€14k▲
Equity and liabilities
Total equity and liabilities10/49€792k€1.19M▲
Equity10/15€190k€224k▲
Contributions10/11€34k€34k=
Reserves13€139k€173k▲
Distributable reserves133€139k€173k▲
Profit (loss) carried forward14€17k€17k=
Amounts payable17/49€603k€965k▲
Amounts payable after more than one year17€457k€795k▲
Financial debts170/4€457k€795k▲
Amounts payable within one year42/48€146k€168k▲
Current portion of amounts payable after more than one year42€40k€57k▲
Trade debts44€63k€85k▲
Suppliers440/4€63k€85k▲
Taxes, remuneration and social security45€36k€19k▼
Taxes450/3€11k€5k▼
Remuneration and social security454/9€26k€14k▼
Other amounts payable47/48€6k€7k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Remuneration, social security and pensions62€209k€205k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€64k▲
Other operating charges640/8€4k€24k▲
Gross operating margin9900€310k€367k▲
Operating profit (loss)9901€44k€74k▲
Financial income75/76B€2k€782▼
Recurring financial income75€2k€782▼
Financial charges65/66B€25k€37k▲
Recurring financial charges65€25k€37k▲
Profit (loss) for the period before taxes9903€21k€38k▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€18k€34k▲
Profit (loss) for the period to be appropriated9905€18k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€51k▲
Profit (loss) brought forward from the previous period14P€17k€17k=
Transfer to equity691/2€18k€34k▲
To other reserves6921€18k€34k▲
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €224k ▲18.1%
8 profitable years in a row build equity to €224k.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼94.5%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €45k ▲33.6%
Operating result €75k, net result €45k, both a record.
31-12
Financial
Equity above €150kEq €169k ▲36.7%
5 profitable years in a row build equity to €169k.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €124k ▲37.9%
4 profitable years in a row build equity to €124k.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Pajottegem · 1 establishment unit since 2009
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.
Manhovestraat(SPK) 411541 PajottegemGround area
1,841 m²
Building footprint
500 m²
Parcel 23076A0789/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
Manhovestraat(SPK) 41, 1541 Pajottegem
since 20092.176.087.409
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23076A0789/00G000 | Flanders | 1,841 m² | 1 · 500 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,102 EUR awarded · 1,102 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 471 EUR | 471 EUR |
| 2023 | 1 | 198 EUR | 198 EUR |
| 2022 | 1 | 433 EUR | 433 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 live approval · 1 endedGroenaanleg en –beheer duaal (so)
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,363. 3,319 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2009
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:administratie@manhove.be