MANICOUR
ActiveThe computed 12-month bankruptcy probability of MANICOUR is 3.6% (moderate). The 2025 annual accounts show negative equity (€-29k) and a net result of €-6k. Equity is shrinking by ~86.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 17987 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€29k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
31 d late
2023
56 d late
2022
50 d late
2021
33 d late
2020
60 d late
2019
27 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k▲ 17.0%
2024 · €-8k
2019: €-2k
2020: €-4k
2021: €-9k
2022: €-5k
2023: €-8k
2024: €-8k
2019 → 2025
Working capital
€-29k▼ 26.6%
2024 · €-23k
2019: €4k
2020: €7k
2021: €-4k
2022: €-8k
2023: €-16k
2024: €-23k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€-7k▼ 201%€-15k▼ 106%€-23k▼ 51.1%€-29k▼ 28.1%
Operating result€-9k-€-4k▲ 49.2%€-8k▼ 70.6%€-8k▼ 0.6%€-6k▲ 17.1%
Net result€-9k-€-5k▲ 45.3%€-8k▼ 57.9%€-8k▲ 0.4%€-6k▲ 17.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €8k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4k
Fixed assets
€65▼ 80.0%
Current assets
€4k▲ 74.3%
Key figures and ratios
EBITDA
€-6k▲
2024 · €-7k
Cash flow
€-6k▲
2024 · €-7k
Interest coverage
-169.05▲
2024 · -210.22
Debt
€33k▲
2024 · €25k
Debt ≤ 1 year
€33k▲
2024 · €25k
Ratios withheld: a balance sheet total of €4k is too small for a meaningful ratio.
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€3k€4k▲
Fixed assets21/28€325€65▼
Tangible fixed assets22/27€325€65▼
Furniture and vehicles24€325€65▼
Current assets29/58€2k€4k▲
Stocks and contracts in progress3-€1k
Stocks30/36-€1k
Amounts receivable within one year40/41€1k€3k▲
Trade receivables40€1k€3k▲
Cash at bank and in hand54/58€964€440▼
Equity and liabilities
Total equity and liabilities10/49€3k€4k▲
Equity10/15€-23k€-29k▼
Contributions10/11€13k€13k=
Profit (loss) carried forward14€-36k€-42k▼
Amounts payable17/49€25k€33k▲
Amounts payable within one year42/48€25k€33k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€271€588▲
Taxes450/3€271€588▲
Other amounts payable47/48€24k€28k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€260€260=
Gross operating margin9900€-7k€-6k▲
Operating profit (loss)9901€-8k€-6k▲
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€35€36▲
Recurring financial charges65€35€36▲
Profit (loss) for the period before taxes9903€-8k€-6k▲
Profit (loss) for the period9904€-8k€-6k▲
Profit (loss) for the period to be appropriated9905€-8k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-42k▼
Profit (loss) brought forward from the previous period14P€-28k€-36k▼
The notes to these accounts (4 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 393 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Schaarbeek · 1 establishment unit since 2018
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.
Dokter Elie Lambottestraat 1801030 SchaarbeekGround area
397 m²
Building footprint
265 m²
Volume, LiDAR
3,154 m³
2 parcels, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MANICOUR
since 20182.277.657.790
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0046/00C005 | Brussels | 239 m² | 1 · 109 m² | 18.8 m · 5 fl. |
| 21902A0222/00P004 | Brussels | 157 m² | 1 · 156 m² | 13.8 m · 4 fl. |
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.
Similar companies · same sector, comparable size
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V&V VEHICLES
BE 0872.508.961
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VERHAEGHE ELECTRIC
BE 0727.482.380
Overijse · Eq €6k
DI & OL
BE 0736.624.532
Antwerpen · Eq €7k
YP Automotive
BE 0747.542.970
Lichtervelde · Eq €6k
Of 10,620 companies in sector 47811 we hold annual accounts for 5,193. 1,731 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-05-2018
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
49410Freight transport by road
49420Removal services
52250Logistics services
82100Office administrative and support services
95316Washing and cleaning of motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.