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MANIMO

Active
Public limited companyfounded 1994active for 32 yearsRue du Chemin de Fer(THL) 17, 6536 Thuin, BelgiumKBO/BCE: BE 0451.935.668
Summary

MANIMO has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €752,465 and a net result of €44,425. Equity is growing by about 9.4% per year across the filed financial years. Its solvency ranks better than 79% of 2,041 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, abbreviated format

Turnover
€193,669▲ 2.5%
2022 · €188,891
EBIT margin
28.5%▼ 4.5pp
2022 · 33.0%
Net result
€44,425▼ 16.0%
2024 · €52,861
Working capital
€23,654
2024 · -€13,955
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 16% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€0.2m 2023 Operating result€0.06m 2025 Net result€0.04m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.2m-€0.2m▲ 19.4%€0.2m▲ 13.0%€0.2m▼ 25.4%€0.2m▲ 4.2%€0.2m▲ 2.5%
Operating result€0.07m-€0.07m▼ 6.9%€0.2m▲ 141%€0.08m▼ 48.8%€0.06m▼ 25.4%€0.06m▼ 11.4%€0.07m▲ 30.1%€0.06m▼ 15.7%
Net result€0.03m-€0.02m▼ 19.4%€0.1mabove the sector's middle half▲ 395%€0.08mabove the sector's middle half▼ 31.2%€0.04mabove the sector's middle half▼ 43.9%€0.04mwithin the sector's middle half▼ 10.4%€0.05mabove the sector's middle half▲ 32.3%€0.04mwithin the sector's middle half▼ 16.0%
EBIT margin40.4%-31.5%▼ 8.9pp67.3%▲ 35.8pp46.2%▼ 21.1pp33.0%▼ 13.1pp28.5%▼ 4.5pp
Equity€0.4m-€0.4m▲ 6.6%€0.5mwithin the sector's middle half▲ 30.7%€0.6mabove the sector's middle half▲ 16.2%€0.6mabove the sector's middle half▲ 7.8%€0.7mabove the sector's middle half▲ 6.5%€0.7mabove the sector's middle half▲ 8.1%€0.8mabove the sector's middle half▲ 6.3%
Total assets€1.4m-€1.3m▼ 3.0%€1.3mwithin the sector's middle half▼ 0.3%€1.1mabove the sector's middle half▼ 18.7%€1.1mabove the sector's middle half▼ 0.9%€1.1mabove the sector's middle half▲ 2.8%€1.1mabove the sector's middle half=€1.0mwithin the sector's middle half▼ 10.8%
Debt€1.0m-€0.9m▼ 8.2%€0.8m▼ 10.5%€0.5m▼ 39.0%€0.5m▼ 10.5%€0.5m▼ 2.2%€0.4m▼ 11.7%€0.2m▼ 41.2%
Working capital-€0.4m--€0.5m▼ 7.3%-€0.08mbelow the sector's middle half▲ 82.5%-€0.2mbelow the sector's middle half▼ 119%-€0.1mbelow the sector's middle half▲ 37.1%-€0.06mbelow the sector's middle half▲ 50.7%-€0.01mbelow the sector's middle half▲ 75.7%€0.02mwithin the sector's middle half
Solvency25.5%-28.1%▲ 2.5pp36.8%within the sector's middle half▲ 8.7pp52.6%within the sector's middle half▲ 15.8pp57.2%within the sector's middle half▲ 4.6pp59.3%within the sector's middle half▲ 2.1pp64.0%within the sector's middle half▲ 4.8pp76.3%above the sector's middle half▲ 12.2pp
Current ratio0.08-0.08▲ 0.010.85below the sector's middle half▲ 0.760.41below the sector's middle half▼ 0.440.58below the sector's middle half▲ 0.170.80below the sector's middle half▲ 0.220.95below the sector's middle half▲ 0.141.17within the sector's middle half▲ 0.22
Return on assets (ROA)2.1%-1.7%▼ 0.4pp8.6%within the sector's middle half▲ 6.9pp7.3%within the sector's middle half▼ 1.3pp4.1%within the sector's middle half▼ 3.2pp3.6%within the sector's middle half▼ 0.5pp4.8%within the sector's middle half▲ 1.2pp4.5%within the sector's middle half▼ 0.3pp
Staff (FTE)0.5-0.5=0.5below the sector's middle half=1▲ 100%1=1=1=1within the sector's middle half=
above within below the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €986,555
Fixed assets €820,873 ▼ 5.1%
Current assets €165,682 ▼ 31.3%
Equity and liabilities €986,555
Equity €752,465 ▲ 6.3%
Debt €234,090 ▼ 41.2%
Debt's share of the balance-sheet total falls from 36.0% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€104,413▼
2024 · €113,250
Cash flow
€88,167▼
2024 · €94,180
Debt to equity
0.31▼
2024 · 0.56
ROE
5.9%▼
2024 · 7.5%
Interest coverage
90.17▲
2024 · 88.31
Debt ≤ 1 year
€142,027▼
2024 · €255,198
Debt > 1 year
€90,063▼
2024 · €141,321
Income taxes
€15,185▼
2024 · €17,787
Staff costs
€26,941▲
2024 · €19,441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94.4% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 17,042 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.0m▼
Fixed assets21/28€0.9m€0.8m▼
Tangible fixed assets22/27€0.9m€0.8m▼
Land and buildings22€0.9m€0.8m▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€0.002m€0.001m▼
Financial fixed assets28€62€62=
Current assets29/58€0.2m€0.2m▼
Amounts receivable within one year40/41€0.02m€0.02m▲
Trade receivables40€0.009m€0.009m▼
Other amounts receivable41€0.008m€0.01m▲
Cash at bank and in hand54/58€0.2m€0.1m▼
Deferred charges and accrued income490/1€0.004m€0.006m▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.0m▼
Equity10/15€0.7m€0.8m▲
Contributions10/11€0.2m€0.2m=
Capital10€0.2m€0.2m=
Issued capital100€0.2m€0.2m=
Reserves13€0.02m€0.02m=
Non-distributable reserves130/1€0.02m€0.02m=
Legal reserve130€0.02m€0.02m=
Profit (loss) carried forward14€0.5m€0.5m▲
Amounts payable17/49€0.4m€0.2m▼
Amounts payable after more than one year17€0.1m€0.09m▼
Financial debts170/4€0.1m€0.09m▼
Amounts payable within one year42/48€0.3m€0.1m▼
Current portion of amounts payable after more than one year42€0.02m€0.02m▲
Trade debts44€0.009m€0.01m▲
Suppliers440/4€0.009m€0.01m▲
Taxes, remuneration and social security45€0.005m€0.006m▲
Taxes450/3€0.001m€0.002m▲
Remuneration and social security454/9€0.004m€0.004m▲
Other amounts payable47/48€0.2m€0.1m▼
Accrued charges and deferred income492/3€0.001m€0.002m▲
Income statement Code20242025
Non-recurring operating income76A€0.01m€0.01m▲
Remuneration, social security and pensions62€0.02m€0.03m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.04m▲
Other operating charges640/8€0.03m€0.03m▼
Gross operating margin9900€0.2m€0.2m▼
Operating profit (loss)9901€0.07m€0.06m▼
Financial income75/76B-€97
Recurring financial income75-€97
Financial charges65/66B€0.001m€0.001m▼
Recurring financial charges65€0.001m€0.001m▼
Profit (loss) for the period before taxes9903€0.07m€0.06m▼
Income taxes67/77€0.02m€0.02m▼
Profit (loss) for the period9904€0.05m€0.04m▼
Profit (loss) for the period to be appropriated9905€0.05m€0.04m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.5m€0.5m▲
Profit (loss) brought forward from the previous period14P€0.4m€0.5m▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Turnover70€180,027€214,963€242,883€181,230€188,891€193,669---
Non-recurring operating income76A------€13,341€13,759▲ 3.1%
Goods, raw materials, services and sundry goods60/61---€23,472€40,015€48,993---
Remuneration, social security and pensions62---€19,590€20,530€23,817€19,441€26,941▲ 38.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,238€47,463€30,442€36,271€44,317€41,934€41,319€43,743▲ 5.9%
Other operating charges640/8---€18,249€21,636€23,634€25,949€25,842▼ 0.4%
Gross operating margin9900€145,498€176,314€229,724€157,758€148,876€144,676€158,640€157,196▼ 0.9%
Operating profit (loss)9901€72,724€67,679€163,417€83,648€62,393€55,291€71,931€60,671▼ 15.7%
Financial income75/76B-----€1-€97-
Recurring financial income75€401----€1-€97-
Financial charges65/66B---€4,228€1,547€1,383€1,282€1,158▼ 9.7%
Recurring financial charges65€31,081€33,528€6,019€4,228€1,547€1,383€1,282€1,158▼ 9.7%
Profit (loss) for the period before taxes9903€42,044€34,151€157,398€79,420€60,846€53,909€70,648€59,610▼ 15.6%
Income taxes67/77€13,125€10,837€42,032-€16,265€13,957€17,787€15,185▼ 14.6%
Profit (loss) for the period9904€28,919€23,314€115,366€79,420€44,581€39,952€52,861€44,425▼ 16.0%
Profit (loss) for the period to be appropriated9905€28,919€23,314€115,366€79,420€44,581€39,952€52,861€44,425▼ 16.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.4m€1.3m€1.3m€1.1m€1.1m€1.1m€1.1m€1.0m▼ 10.8%
Fixed assets21/28€1.3m€1.3m€0.9m€1.0m€0.9m€0.9m€0.9m€0.8m▼ 5.1%
Tangible fixed assets22/27€1.3m€1.3m€0.9m€1.0m€0.9m€0.9m€0.9m€0.8m▼ 5.1%
Land and buildings22---€1.0m€0.9m€0.9m€0.9m€0.8m▼ 5.0%
Plant, machinery and equipment23------€0€0-
Furniture and vehicles24---€0.006m€0.002m-€0.002m€0.001m▼ 48.0%
Financial fixed assets28€62€62€62€62€62€62€62€62=
Current assets29/58€0.04m€0.04m€0.5m€0.1m€0.2m€0.2m€0.2m€0.2m▼ 31.3%
Amounts receivable within one year40/41€0.004m€0.01m€0.3m€0.004m€0.02m€0.03m€0.02m€0.02m▲ 11.2%
Trade receivables40---€0.004m€0.02m€0.01m€0.009m€0.009m▼ 3.3%
Other amounts receivable41----€448€0.01m€0.008m€0.01m▲ 27.5%
Cash at bank and in hand54/58€0.03m€0.03m€0.1m€0.1m€0.1m€0.2m€0.2m€0.1m▼ 36.2%
Deferred charges and accrued income490/1---€0.001m€0.001m€0.001m€0.004m€0.006m▲ 47.4%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m€1.3m€1.1m€1.1m€1.1m€1.1m€1.0m▼ 10.8%
Equity10/15€0.4m€0.4m€0.5m€0.6m€0.6m€0.7m€0.7m€0.8m▲ 6.3%
Contributions10/11€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Capital10---€0.2m€0.2m€0.2m€0.2m€0.2m=
Issued capital100---€0.2m€0.2m€0.2m€0.2m€0.2m=
Reserves13€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m=
Non-distributable reserves130/1---€0.02m€0.02m€0.02m€0.02m€0.02m=
Legal reserve130---€0.02m€0.02m€0.02m€0.02m€0.02m=
Profit (loss) carried forward14€0.1m€0.2m€0.3m€0.4m€0.4m€0.4m€0.5m€0.5m▲ 8.9%
Provisions and deferred taxes16-€0.02m-------
Amounts payable17/49€1.0m€0.9m€0.8m€0.5m€0.5m€0.5m€0.4m€0.2m▼ 41.2%
Amounts payable after more than one year17€0.5m€0.4m€0.3m€0.2m€0.2m€0.2m€0.1m€0.09m▼ 36.3%
Financial debts170/4---€0.2m€0.2m€0.2m€0.1m€0.09m▼ 36.3%
Amounts payable within one year42/48€0.5m€0.5m€0.6m€0.3m€0.3m€0.3m€0.3m€0.1m▼ 44.3%
Current portion of amounts payable after more than one year42---€0.02m€0.02m€0.02m€0.02m€0.02m▲ 0.7%
Trade debts44€0.01m€0.03m€0.02m€0.002m-€0.008m€0.009m€0.01m▲ 3.0%
Suppliers440/4---€0.002m-€0.008m€0.009m€0.01m▲ 3.0%
Taxes, remuneration and social security45---€0.05m€0.02m€0.02m€0.005m€0.006m▲ 34.1%
Taxes450/3---€0.04m€0.02m€0.02m€0.001m€0.002m▲ 79.0%
Remuneration and social security454/9---€0.004m€0.004m€0.004m€0.004m€0.004m▲ 20.8%
Other amounts payable47/48---€0.2m€0.2m€0.2m€0.2m€0.1m▼ 52.1%
Accrued charges and deferred income492/3---€0.001m--€0.001m€0.002m▲ 53.8%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€28,919€23,314€115,366€79,420€44,581€39,952€52,861€44,425▼ 16.0%
+ Depreciation and write-downs630€46,238€47,463€30,442€36,271€44,317€41,934€41,319€43,743▲ 5.9%
Operating cash flow (approximation)€75,157€70,777€145,808€115,691€88,898€81,886€94,180€88,167▼ 6.4%
Investment in fixed assets (approximation)-€0€396,901-€125,504€0-€3,222-€32,147€0-
Change in cash--€2,960€97,256-€5,387€17,393€64,572€14,234-€79,448-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 32 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 21-07-2026 2026-00319531
31-12-2024 micro format 24-06-2025 2025-00169979
31-12-2023 micro format 06-04-2024 2024-00060819
31-12-2022 micro format 01-07-2023 2023-00199178
31-12-2021 micro format 06-07-2022 2022-20164224
31-12-2020 full format 17-06-2021 2021-21300119
31-12-2019 full format 26-05-2020 2020-13100424
31-12-2018 full format 03-07-2019 2019-28300065
31-12-2017 full format 25-05-2018 2018-13900318
31-12-2016 full format 28-03-2017 2017-07400410

Show all 32 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.