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MANIFESTOR

Active
Private limited companyfounded 2009active for 17 yearsSterrebosdreef 54, 8800 Roeselare, BelgiumKBO/BCE: BE 0818.712.563
Summary

MANIFESTOR has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,847 and a net result of -€22,810. Equity is growing by about 61% per year across the filed financial years. Its solvency ranks better than 49% of 34,012 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Activity
Painting of buildings
NACE 43341
1 site
Size
€67,416total assets 2025
Equity
€30,847
Loss
-€22,810
Turnover not published (micro format)
Financial health
64 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Accounts 23 days early1 of 7 deeds read
Why 64raises riskLoss of €22,810 (financial year 2025)1 change of registered office in 24 monthsSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.84, cash €14,644Show the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 26% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 71+35
equity 45.8% of total assets
Liquidity 50+8
short-term debt 54.2% · cash 21.7%
Profitability 0-77
return on assets -33.8%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,538 companies, NACE 43, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.4%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 0.5%▲ +0.1 percentage points vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 0.5%▼ -0.4 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 1.0%▲ +0.5 percentage points vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.2%▲ +0.2 percentage points vs 03-2026 05-2026: 1.4%▲ +0.2 percentage points vs 04-2026highest value 06-2026: 1.4%● unchanged vs 05-2026 07-2026: 1.4%● unchanged vs 06-2026 08-2026: 1.1%▼ -0.3 percentage points vs 07-2026 09-2026: 1.1%● unchanged vs 08-2026 10-2026: 1.1%● unchanged vs 09-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.84, compared with 0.11 in 2024; short-term debt: 54.2% and cash: 21.7% of total assets), but 54.2% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 49% on solvency, 41% on liquidity, 4% on profitability and 10% on growth.

The bankruptcy probability was computed on 10-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €22,810 (financial year 2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 1.84, cash €14,644
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 filings
Deviation from the deadline
2025
23 days early
2024
28 days late
2023
on the day
2022
21 days late
2021
11 days early
2020
2 days early
2019
25 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 2 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€22,810
  3. Liquidity more than 16 timescurrent ratio 1.84

Key points

  • Caution: From profit to loss in 2025after €34,617 in 2024 -€22,810 View
  • Caution: Among the weakest 7% on net resultsector median €10,255 · 33,998 companies -€22,810 View
  • New directorlatest change 17-11-2025 · 1 in office 1 joined View

By topic

Financials

Financial year
2025
Total assets
€67,416
Loss
-€22,810
Solvency
45.8%
Total assets▼ 86.5%
Net result
20182025
Go to Financials

Timeline

Events
21
Since
2011
Next accounts
by 31-07-2027
  1. 17-11-2025Resignation: QUARTIER Didier (enige en statutaire bestuurder)
  2. 28-08-2025Annual accounts filed
  3. 31-12-2024Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Painting of buildingsNACE 43341
Founded
11-09-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
35
Who signs
Each director alone
Annual meeting
Third Friday of June
Purpose
Het verstrekken van advies in de ruimste zin van het woord op het gebied van…
Go to Articles of association

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