MANHUMAX
ActiveMANHUMAX has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307k and a net result of €134k. Equity is growing by ~101.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.93 against 3.58 in 2024; short-term debt: 20.3% and cash: 17.7% of total assets), and 20.3% 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
79.7%
Return on assets
34.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
6 d early
2023
29 d late
2022
33 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€307k▲ 78.0%
2024 · €172k
2022: €1k
2023: €49k
2024: €172k
2022 → 2025
Total assets
€385k▲ 61.6%
2024 · €238k
2022: €2k
2023: €73k
2024: €238k
2022 → 2025
Net result
€134k▲ 9.0%
2024 · €123k
2022: €-2k
2023: €48k
2024: €123k
2022 → 2025
Working capital
€307k▲ 80.5%
2024 · €170k
2022: €1k
2023: €47k
2024: €170k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€1k-€49k▲ 3,698%€172k▲ 252%€307k▲ 78.0%
Operating result€-2k-€69k€165k▲ 137%€177k▲ 7.6%
Net result€-2k-€48k€123k▲ 158%€134k▲ 9.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €385k
Equity
€307k▲ 78.0%
Debt
€78k▲ 18.6%
The debt ratio falls from 27.6% to 20.3%. Equity and debt are higher.
Key figures and ratios
Solvency
79.7%▲
2024 · 72.4%
Current ratio
4.93▲
2024 · 3.58
Quick ratio
4.93▲
2024 · 3.58
Debt / equity
0.25▼
2024 · 0.38
ROE
43.8%▼
2024 · 71.6%
ROA
34.9%▼
2024 · 51.8%
Debt
€78k▲
2024 · €66k
Debt ≤ 1 year
€78k▲
2024 · €66k
Income taxes
€45k▲
2024 · €42k
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€238k€385k▲
Fixed assets21/28€2k-
Financial fixed assets28€2k-
Current assets29/58€236k€385k▲
Amounts receivable within one year40/41€61k€66k▲
Trade receivables40€61k€66k▲
Current investments50/53€66k€250k▲
Cash at bank and in hand54/58€107k€68k▼
Deferred charges and accrued income490/1€1k€971▼
Equity and liabilities
Total equity and liabilities10/49€238k€385k▲
Equity10/15€172k€307k▲
Contributions10/11€3k€3k=
Reserves13€171k€306k▲
Distributable reserves133€171k€306k▲
Profit (loss) carried forward14€-2k€-2k=
Amounts payable17/49€66k€78k▲
Amounts payable within one year42/48€66k€78k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€61k€69k▲
Taxes450/3€61k€69k▲
Remuneration and social security454/9€160€160=
Other amounts payable47/48€2k€3k▲
Income statement
Code20242025
Non-recurring operating income76A-€50k
Other operating charges640/8€560€1k▲
Gross operating margin9900€165k€179k▲
Operating profit (loss)9901€165k€177k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€165k€179k▲
Income taxes67/77€42k€45k▲
Profit (loss) for the period9904€123k€134k▲
Profit (loss) for the period to be appropriated9905€123k€134k▲
Appropriation of the result
Profit (loss) to be appropriated9906€122k€133k▲
Profit (loss) brought forward from the previous period14P€-2k€-2k=
Transfer to equity691/2€123k€134k▲
To other reserves6921€123k€134k▲
The notes to these accounts (2 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2022net €134k ▲9%
Operating result €177k, net result €134k, both a record.
31-12
Financial
Equity above €200kEq €307k ▲78%
3 profitable years in a row build equity to €307k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €172k ▲252%
2 profitable years in a row build equity to €172k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro 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, Braives · 1 establishment unit since 2023
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.
Drève d'Ormes 214260 BraivesGround area
4,173 m²
Building footprint
160 m²
Volume, LiDAR
1,007 m³
Parcel 64015A0042/00C000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MANHUMAX
since 20232.339.639.604
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64015A0042/00C000 | Wallonia | 4,173 m² | 1 · 160 m² | 9.3 m · 2 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 82,570 companies in sector 70200 we hold annual accounts for 52,573. 38,013 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2022
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.