Manipuro
ActiveSummary
Manipuro has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152,206 and a net result of €63,395. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-2
Solvency80▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.47 in 2024; short-term debt: 45.2% and cash: 28% of total assets), and 45.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.7%
Return on assets
22.8%
Age of the figures
9 mo
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 07-04-2026, 115 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
115 d early
2024
35 d early
2023
51 d early
2022
25 d late
2021
23 d early
2020
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 26 June (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€152,206▼ 7.1%
2024 · €163,811
Total assets
€278,291▲ 15.9%
2024 · €240,041
Net result
€63,395▲ 7.4%
2024 · €59,026
Working capital
€42,891▲ 20.6%
2024 · €35,559
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€69,673▲ 9.6%€66,216▼ 5.0%€57,037▼ 13.9%€74,156▲ 30.0%€80,259▲ 8.2%
Net result€50,166within the sector's middle half▲ 10.5%€50,077within the sector's middle half▼ 0.2%€45,161within the sector's middle half▼ 9.8%€59,026within the sector's middle half▲ 30.7%€63,395within the sector's middle half▲ 7.4%
Equity€99,548within the sector's middle half▲ 102%€149,624within the sector's middle half▲ 50.3%€149,785within the sector's middle half▲ 0.1%€163,811within the sector's middle half▲ 9.4%€152,206within the sector's middle half▼ 7.1%
Total assets€137,175within the sector's middle half▲ 70.5%€201,670within the sector's middle half▲ 47.0%€231,569within the sector's middle half▲ 14.8%€240,041within the sector's middle half▲ 3.7%€278,291within the sector's middle half▲ 15.9%
Debt€37,628▲ 21.1%€52,046▲ 38.3%€81,784▲ 57.1%€76,230▼ 6.8%€126,085▲ 65.4%
Working capital€82,491within the sector's middle half▲ 131%€80,968within the sector's middle half▼ 1.8%€62,670within the sector's middle half▼ 22.6%€35,559within the sector's middle half▼ 43.3%€42,891within the sector's middle half▲ 20.6%
Solvency72.6%within the sector's middle half▲ 11.2pp74.2%within the sector's middle half▲ 1.6pp64.7%within the sector's middle half▼ 9.5pp68.2%within the sector's middle half▲ 3.6pp54.7%within the sector's middle half▼ 13.5pp
Current ratio3.21within the sector's middle half▲ 1.052.57within the sector's middle half▼ 0.641.77within the sector's middle half▼ 0.801.47within the sector's middle half▼ 0.301.34within the sector's middle half▼ 0.13
Return on assets (ROA)36.6%above the sector's middle half▼ 19.8pp24.8%within the sector's middle half▼ 11.7pp19.5%within the sector's middle half▼ 5.3pp24.6%within the sector's middle half▲ 5.1pp22.8%within the sector's middle half▼ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278,291
Fixed assets
€109,566 ▼ 14.7%
Current assets
€168,726 ▲ 51.3%
Equity and liabilities €278,291
Equity
€152,206 ▼ 7.1%
Debt
€126,085 ▲ 65.4%
Debt's share of the balance-sheet total rises from 31.8% to 45.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€99,196▲
2024 · €88,609
Cash flow
€82,331▲
2024 · €73,478
Debt to equity
0.83▲
2024 · 0.47
ROE
41.7%▲
2024 · 36.0%
Interest coverage
1408.63▲
2024 · 625.33
Debt ≤ 1 year
€125,835▲
2024 · €75,980
Income taxes
€16,814▲
2024 · €14,990
Staff costs
€204▼
2024 · €404
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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% 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 26,975 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €404 | €204 | ▼ 49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,880 | €4,130 | €9,068 | €14,453 | €18,936 | ▲ 31.0% |
| Other operating charges640/8 | €458 | €669 | €877 | €679 | €843 | ▲ 24.1% |
| Gross operating margin9900 | €73,011 | €71,015 | €66,982 | €89,691 | €100,242 | ▲ 11.8% |
| Operating profit (loss)9901 | €69,673 | €66,216 | €57,037 | €74,156 | €80,259 | ▲ 8.2% |
| Financial income75/76B | - | - | €0 | €1 | €20 | ▲ 1,645% |
| Recurring financial income75 | - | - | €0 | €1 | €20 | ▲ 1,645% |
| Financial charges65/66B | €51 | €64 | €134 | €142 | €70 | ▼ 50.3% |
| Recurring financial charges65 | €51 | €64 | €134 | €142 | €70 | ▼ 50.3% |
| Profit (loss) for the period before taxes9903 | €69,622 | €66,152 | €56,903 | €74,016 | €80,209 | ▲ 8.4% |
| Income taxes67/77 | €19,457 | €16,075 | €11,742 | €14,990 | €16,814 | ▲ 12.2% |
| Profit (loss) for the period9904 | €50,166 | €50,077 | €45,161 | €59,026 | €63,395 | ▲ 7.4% |
| Profit (loss) for the period to be appropriated9905 | €50,166 | €50,077 | €45,161 | €59,026 | €63,395 | ▲ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,175 | €201,670 | €231,569 | €240,041 | €278,291 | ▲ 15.9% |
| Fixed assets21/28 | €17,307 | €68,976 | €87,366 | €128,502 | €109,566 | ▼ 14.7% |
| Tangible fixed assets22/27 | €17,307 | €68,976 | €87,366 | €128,502 | €109,566 | ▼ 14.7% |
| Plant, machinery and equipment23 | €4,740 | €58,743 | €79,467 | €104,088 | €91,409 | ▼ 12.2% |
| Furniture and vehicles24 | €12,566 | €10,233 | €7,899 | €24,414 | €18,157 | ▼ 25.6% |
| Current assets29/58 | €119,869 | €132,694 | €144,203 | €111,539 | €168,726 | ▲ 51.3% |
| Amounts receivable within one year40/41 | €26,709 | €13,480 | €13,758 | €13,405 | €13,395 | ▼ 0.1% |
| Trade receivables40 | €26,705 | €13,395 | €13,758 | €13,395 | €13,395 | = |
| Other amounts receivable41 | €4 | €85 | - | €10 | - | - |
| Current investments50/53 | €23,402 | €63,857 | €71,382 | €76,094 | €76,094 | = |
| Cash at bank and in hand54/58 | €67,694 | €54,368 | €57,273 | €21,047 | €78,030 | ▲ 271% |
| Deferred charges and accrued income490/1 | €2,063 | €990 | €1,791 | €993 | €1,207 | ▲ 21.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,175 | €201,670 | €231,569 | €240,041 | €278,291 | ▲ 15.9% |
| Equity10/15 | €99,548 | €149,624 | €149,785 | €163,811 | €152,206 | ▼ 7.1% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €95,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Distributable reserves133 | €95,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Profit (loss) carried forward14 | €548 | €624 | €785 | €14,811 | €3,206 | ▼ 78.4% |
| Amounts payable17/49 | €37,628 | €52,046 | €81,784 | €76,230 | €126,085 | ▲ 65.4% |
| Amounts payable within one year42/48 | €37,378 | €51,726 | €81,534 | €75,980 | €125,835 | ▲ 65.6% |
| Trade debts44 | €6,095 | €4,523 | €7,252 | €2,237 | €678 | ▼ 69.7% |
| Suppliers440/4 | €6,095 | €4,523 | €7,252 | €2,237 | €678 | ▼ 69.7% |
| Taxes, remuneration and social security45 | €31,183 | €46,913 | €29,172 | €9,384 | €12,789 | ▲ 36.3% |
| Taxes450/3 | €29,183 | €44,913 | €27,172 | €7,384 | €10,789 | ▲ 46.1% |
| Remuneration and social security454/9 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Other amounts payable47/48 | €100 | €290 | €45,110 | €64,358 | €112,369 | ▲ 74.6% |
| Accrued charges and deferred income492/3 | €250 | €319 | €250 | €250 | €250 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,166 | €50,077 | €45,161 | €59,026 | €63,395 | ▲ 7.4% |
| + Depreciation and write-downs630 | €2,880 | €4,130 | €9,068 | €14,453 | €18,936 | ▲ 31.0% |
| Operating cash flow (approximation) | €53,045 | €54,207 | €54,229 | €73,478 | €82,331 | ▲ 12.0% |
| Investment in fixed assets (approximation) | - | -€55,799 | -€27,458 | -€55,589 | €0 | ▲ 100% |
| Change in cash | - | -€13,327 | €2,905 | -€36,225 | €56,982 | ▲ 257% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €63,395 ▲7.4%
Operating result €80,259, net result €63,395, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €163,811 ▲9.4%
5 profitable years in a row build equity to €163,811.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €45,161 ▼9.8%
Net result drops to €45,161, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Equity above €100,000Eq €149,624 ▲50.3%
3 profitable years in a row build equity to €149,624.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Ieper · 1 establishment unit since 2019
Ground area
2,074 m²
Building footprint
892 m²
Volume, LiDAR
5,081 m³
Parcel 33003B0656/00W000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Manipuro
since 20192.290.902.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0656/00W000 | Flanders | 2,074 m² | 1 · 892 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 2,363 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729642809
Also
9925:BE0729642809
Registered
15-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.