MANIS
ActiveSummary
The computed 12-month bankruptcy probability of MANIS is 5.5% (elevated). The 2024 annual accounts show negative equity (-€108,607) and a net result of -€87,951. Equity is shrinking by ~54.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 26040 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.73 in 2023; short-term debt: 184.2% and cash: 32.7% of total assets), and equity is negative.
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Signals
Six 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 2024Solvency, return and age of the figures
Solvency
-84.2%
Return on assets
-68.2%
Age of the figures
21 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€108,607
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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
not confirmed
2024
58 d late
2023
601 d late
2022
66 d late
2021
31 d late
2020
58 d late
2019
72 d late
← 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 148 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€108,607▼ 426%
2023 · -€20,656
Total assets
€128,921▲ 5.7%
2023 · €121,962
Net result
-€87,951▼ 251%
2023 · -€25,061
Working capital
-€147,282▼ 278%
2023 · -€38,956
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result-€26,844▼ 392%€6,003€8,666▲ 44.4%-€20,177-€47,697▼ 136%
Net result-€26,914below the sector's middle half▼ 388%€5,387within the sector's middle half€8,620within the sector's middle half▲ 60.0%-€25,061below the sector's middle half-€87,951below the sector's middle half▼ 251%
Equity-€9,602below the sector's middle half-€4,215below the sector's middle half▲ 56.1%€4,405within the sector's middle half-€20,656below the sector's middle half-€108,607below the sector's middle half▼ 426%
Total assets€59,794below the sector's middle half▼ 12.4%€113,717within the sector's middle half▲ 90.2%€159,201within the sector's middle half▲ 40.0%€121,962within the sector's middle half▼ 23.4%€128,921within the sector's middle half▲ 5.7%
Debt€69,396▲ 36.3%€117,932▲ 69.9%€154,796▲ 31.3%€142,618▼ 7.9%€237,528▲ 66.5%
Working capital-€36,801-€30,789▲ 16.3%-€20,920▲ 32.1%-€38,956▼ 86.2%-€147,282▼ 278%
Solvency-16.1%below the sector's middle half▼ 41.4pp-3.7%below the sector's middle half▲ 12.4pp2.8%below the sector's middle half▲ 6.5pp-16.9%below the sector's middle half▼ 19.7pp-84.2%below the sector's middle half▼ 67.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
The operating result stays negative: a loss of €47,697 in 2024 against €20,177 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €128,921
Fixed assets
€38,675 ▲ 111%
Current assets
€90,246 ▼ 12.9%
Key figures and ratios
EBITDA
-€42,603▼
2023 · -€19,552
Cash flow
-€82,857▼
2023 · -€24,436
Current ratio
0.38▼
2023 · 0.73
Quick ratio
0.18▼
2023 · 0.26
Debt to equity
-2.19▲
2023 · -6.90
ROA
-68.2%▼
2023 · -20.5%
Interest coverage
-869.45▼
2023 · -5.66
Debt ≤ 1 year
€237,528▲
2023 · €142,618
Income taxes
€101,370▲
2023 · €1,438
Staff costs
€104,697▲
2023 · €79,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,035 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €47,251 | €73,419 | €79,743 | €104,697 | ▲ 31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,248 | €625 | €5,094 | ▲ 715% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €625 | - | - | - | - |
| Other operating charges640/8 | - | €615 | €141 | €631 | €191 | ▼ 69.7% |
| Gross operating margin9900 | €14,382 | €54,494 | €83,474 | €60,822 | €62,285 | ▲ 2.4% |
| Operating profit (loss)9901 | -€26,844 | €6,003 | €8,666 | -€20,177 | -€47,697 | ▼ 136% |
| Financial income75/76B | - | - | - | €8 | €61,165 | ▲ 764,463% |
| Recurring financial income75 | - | - | - | €8 | €61,165 | ▲ 764,463% |
| Non-recurring financial income76B | - | - | - | - | €61,165 | - |
| Financial charges65/66B | - | €616 | €46 | €3,454 | €49 | ▼ 98.6% |
| Recurring financial charges65 | €70 | €616 | €46 | €3,454 | €49 | ▼ 98.6% |
| Profit (loss) for the period before taxes9903 | -€26,914 | €5,387 | €8,620 | -€23,623 | €13,419 | ▲ 157% |
| Income taxes67/77 | - | - | - | €1,438 | €101,370 | ▲ 6,949% |
| Profit (loss) for the period9904 | -€26,914 | €5,387 | €8,620 | -€25,061 | -€87,951 | ▼ 251% |
| Profit (loss) for the period to be appropriated9905 | -€26,914 | €5,387 | €8,620 | -€25,061 | -€87,951 | ▼ 251% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,794 | €113,717 | €159,201 | €121,962 | €128,921 | ▲ 5.7% |
| Fixed assets21/28 | €27,199 | €26,574 | €25,325 | €18,300 | €38,675 | ▲ 111% |
| Tangible fixed assets22/27 | €2,499 | €1,874 | €625 | - | €20,375 | - |
| Plant, machinery and equipment23 | - | €1,874 | €625 | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €20,375 | - |
| Financial fixed assets28 | €24,700 | €24,700 | €24,700 | €18,300 | €18,300 | = |
| Current assets29/58 | €32,595 | €87,143 | €133,876 | €103,662 | €90,246 | ▼ 12.9% |
| Stocks and contracts in progress3 | €4,084 | €25,110 | €66,250 | €66,250 | €47,750 | ▼ 27.9% |
| Stocks30/36 | - | €25,110 | €66,250 | €66,250 | €47,750 | ▼ 27.9% |
| Amounts receivable within one year40/41 | - | - | - | €300 | €300 | = |
| Other amounts receivable41 | - | - | - | €300 | €300 | = |
| Current investments50/53 | - | - | €67,626 | - | - | - |
| Cash at bank and in hand54/58 | €28,511 | €62,033 | - | €37,112 | €42,196 | ▲ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,794 | €113,717 | €159,201 | €121,962 | €128,921 | ▲ 5.7% |
| Equity10/15 | -€9,602 | -€4,215 | €4,405 | -€20,656 | -€108,607 | ▼ 426% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Outside capital11 | - | - | - | - | €18,600 | - |
| Share premium1100/10 | - | - | - | - | €18,600 | - |
| Reserves13 | €211 | €211 | €211 | €211 | €211 | = |
| Non-distributable reserves130/1 | - | €211 | €211 | €211 | €211 | = |
| Legal reserve130 | - | €211 | €211 | €211 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €211 | - |
| Profit (loss) carried forward14 | -€28,413 | -€23,026 | -€14,406 | -€39,467 | -€127,418 | ▼ 223% |
| Amounts payable17/49 | €69,396 | €117,932 | €154,796 | €142,618 | €237,528 | ▲ 66.5% |
| Amounts payable within one year42/48 | €69,396 | €117,932 | €154,796 | €142,618 | €237,528 | ▲ 66.5% |
| Trade debts44 | €692 | €987 | €1,162 | €8,831 | €107,775 | ▲ 1,120% |
| Suppliers440/4 | - | €987 | €1,162 | €8,831 | €107,775 | ▲ 1,120% |
| Taxes, remuneration and social security45 | - | €25,260 | €38,014 | €34,814 | €36,432 | ▲ 4.6% |
| Taxes450/3 | - | €19,832 | €28,952 | €26,893 | €16,870 | ▼ 37.3% |
| Remuneration and social security454/9 | - | €5,428 | €9,062 | €7,921 | €19,562 | ▲ 147% |
| Other amounts payable47/48 | - | €91,685 | €115,620 | €98,973 | €93,321 | ▼ 5.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,914 | €5,387 | €8,620 | -€25,061 | -€87,951 | ▼ 251% |
| + Depreciation and write-downs630 | - | - | €1,248 | €625 | €5,094 | ▲ 715% |
| Operating cash flow (approximation) | -€26,914 | €5,387 | €9,868 | -€24,436 | -€82,857 | ▼ 239% |
| Investment in fixed assets (approximation) | - | €625 | €1 | €6,400 | -€25,469 | ▼ 498% |
| Change in cash | - | €33,522 | - | - | €5,084 | - |
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
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 601 days late
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Weakest financial yearnet -€87,951
Net result drops to -€87,951, the lowest in the series.
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Highest result since 2018net €8,620 ▲60%
Operating result €8,666, net result €8,620, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €5,387
Net result €5,387 after 2 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 72 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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 · 3 establishment units since 2017
Ground area
726 m²
Building footprint
528 m²
Volume, LiDAR
3,339 m³
3 parcels, Brussels, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
MANIS
since 20172.266.085.987
MANIS
since 20172.269.412.988
MANIS
since 20182.272.932.803
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2439/00X005 | Flanders | 350 m² | 1 · 231 m² | 11.2 m · 1 fl. |
| 11809I2439/00S003 | Flanders | 255 m² | 1 · 177 m² | 13.8 m · 1 fl. |
| 21909E0028/00K012 | Brussels | 120 m² | 1 · 120 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,439. 856 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 (pre-2019)
Founded14-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47512Retail sale of household textiles and bedding
47519Retail trade
47714Retail trade
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.