MANILAQUA
ActiveThe computed 12-month bankruptcy probability of MANILAQUA is 10.5% (high). The 2024 annual accounts show negative equity (€-15k) and a net result of €-19k. Equity is shrinking by ~192.9% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
15
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-65
Solvency0▼-38
Growth32=
Track record94
Bankruptcy probability, 12 months
10.5%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 1.29 in 2023; short-term debt: 8.6% and cash: 4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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 2024Solvency, return and age of the figures
Solvency
-59.3%
Return on assets
-75.9%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
8 d early
2022
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-19k▼ 1,743%
2023 · €-1k
2022: €2k
2023: €-1k
2022 → 2024
Working capital
€-42
2023 · €763
2022: €843
2023: €763
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€5k-€4k▼ 19.9%€-15k
Operating result€5k-€2k▼ 67.1%€-18k
Net result€2k-€-1k€-19k▼ 1,743%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €18k after €2k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24k
Fixed assets
€22k▼ 23.0%
Current assets
€2k▼ 37.7%
Key figures and ratios
EBITDA
€-10k▼
2023 · €9k
Cash flow
€-11k▼
2023 · €7k
Solvency
-59.3%▼
2023 · 12.5%
Current ratio
0.98▼
2023 · 1.29
Quick ratio
0.98▼
2023 · 1.29
Debt / equity
-2.69▼
2023 · 6.99
ROA
-75.9%▼
2023 · -3.1%
Interest coverage
-9.19▼
2023 · 6.92
Debt
€40k▲
2023 · €29k
Debt ≤ 1 year
€2k▼
2023 · €3k
Debt > 1 year
€37k▲
2023 · €25k
Income taxes
€140▼
2023 · €1k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€33k€25k▼
Formation expenses20€761€511▼
Fixed assets21/28€29k€22k▼
Intangible fixed assets21€17k€14k▼
Tangible fixed assets22/27€12k€8k▼
Furniture and vehicles24€12k€8k▼
Current assets29/58€3k€2k▼
Amounts receivable within one year40/41€506€660▲
Trade receivables40€506€660▲
Cash at bank and in hand54/58€2k€999▼
Deferred charges and accrued income490/1€571€447▼
Equity and liabilities
Total equity and liabilities10/49€33k€25k▼
Equity10/15€4k€-15k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€1k€-18k▼
Amounts payable17/49€29k€40k▲
Amounts payable after more than one year17€25k€37k▲
Financial debts170/4€9k€7k▼
Other amounts payable178/9€17k€30k▲
Amounts payable within one year42/48€3k€2k▼
Financial debts43-€633
Credit institutions430/8-€633
Trade debts44€1k€523▼
Suppliers440/4€1k€523▼
Taxes, remuneration and social security45€632€772▲
Taxes450/3€632€772▲
Other amounts payable47/48€720€220▼
Accrued charges and deferred income492/3€962€760▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€682€673▼
Non-recurring operating charges66A-€68
Gross operating margin9900€10k€-9k▼
Operating profit (loss)9901€2k€-18k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€181€-19k▼
Income taxes67/77€1k€140▼
Profit (loss) for the period9904€-1k€-19k▼
Profit (loss) for the period to be appropriated9905€-1k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-18k▼
Profit (loss) brought forward from the previous period14P€2k€1k▼
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
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full 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, Elsene · 1 establishment unit since 2022
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.
Alphonse Hottatstraat 631050 ElseneGround area
85 m²
Building footprint
57 m²
Volume, LiDAR
560 m³
Parcel 21443C0201/00E011, Brussels · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MANILAQUA
since 20222.326.418.702
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0201/00E011 | Brussels | 85 m² | 1 · 57 m² | 13.0 m · 3 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2022
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.