Turnover
The accounts state no turnover.
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 30% of them on solvency, 11% on liquidity, 47% on profitability and 65% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,542 companies had the same profile as MANI RED RENOVATION has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MANI RED RENOVATION itself is higher: 4.9% within 12 months. It rests on far more data about MANI RED RENOVATION than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,542 companies, not a prediction for MANI RED RENOVATION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.35 (1.36 in 2024), below the usual 1.5. Short-term debt is 71.3% and cash 7% of total assets. 71.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 52 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MANI RED RENOVATION Vilvoorde | €236,861 | €19,760 | 28.7% | - |
| FLO RENOV TOITURE Wezembeek-Oppem | €259,782 | €31,215 | 37.7% | - |
| KARWEIEN VAN DAMME Jabbeke | €184,584 | €32,669 | 38.8% | - |
| BUCATTI Brussels | €178,416 | €29,654 | 76.0% | - |
| SB Ecobouw Hamme (Vl.) | €143,953 | €25,058 | 22.4% | - |
| Algemene Dak- en Timmerwerken Musardo Meerhout | €202,039 | €23,875 | 65.7% | - |
| BOBCONSTRUCT Beyne-Heusay | €166,265 | €33,600 | 20.8% | - |
These companies have the same main activity as MANI RED RENOVATION: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €144,000 and €260,000, founded between 2019 and 2023.
MANI RED RENOVATION files the micro format. That format states no turnover. The gross margin rose from €6,462 in 2022 to €19,760 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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