MANITECH
ActiveMANITECH has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199k and a net result of €40k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 59% of 9417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-2
Solvency88▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.17 in 2024; short-term debt: 24.4% and cash: 11.1% of total assets), and 36.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
63.4%
Return on assets
12.7%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-02-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
46 d late
2023
15 d early
2022
28 d late
2021
6 d early
2020
9 d early
2019
4 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€199k▼ 4.8%
2024 · €209k
2019: €167k
2020: €188k
2021: €212k
2022: €245k
2023: €281k
2024: €209k
2019 → 2025
Total assets
€314k▼ 0.6%
2024 · €316k
2019: €316k
2020: €308k
2021: €318k
2022: €353k
2023: €367k
2024: €316k
2019 → 2025
Net result
€40k▼ 15.6%
2024 · €47k
2019: €22k
2020: €21k
2021: €24k
2022: €33k
2023: €36k
2024: €47k
2019 → 2025
Working capital
€-14k
2024 · €10k
2019: €-52k
2020: €56k
2021: €66k
2022: €91k
2023: €82k
2024: €10k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€212k-€245k▲ 15.5%€281k▲ 14.8%€209k▼ 25.6%€199k▼ 4.8%
Operating result€37k-€50k▲ 34.7%€50k▲ 1.3%€69k▲ 37.3%€59k▼ 14.2%
Net result€24k-€33k▲ 36.3%€36k▲ 10.0%€47k▲ 30.7%€40k▼ 15.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €314k
Fixed assets
€252k▲ 1.5%
Current assets
€63k▼ 8.5%
Equity and liabilities €314k
Equity
€199k▼ 4.8%
Debt
€115k▲ 7.5%
The debt ratio rises from 33.9% to 36.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€62k▼
2024 · €79k
Cash flow
€43k▼
2024 · €57k
Solvency
63.4%▼
2024 · 66.1%
Current ratio
0.81▼
2024 · 1.17
Quick ratio
0.81▼
2024 · 1.17
Debt / equity
0.58▲
2024 · 0.51
ROE
20.1%▼
2024 · 22.6%
ROA
12.7%▼
2024 · 15.0%
Interest coverage
26.05▲
2024 · 24.39
Debt
€115k▲
2024 · €107k
Debt ≤ 1 year
€77k▲
2024 · €59k
Debt > 1 year
€37k▼
2024 · €48k
Income taxes
€17k▼
2024 · €19k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€316k€314k▼
Fixed assets21/28€248k€252k▲
Tangible fixed assets22/27€30k€5k▼
Furniture and vehicles24€24k€720▼
Other tangible fixed assets26€7k€5k▼
Financial fixed assets28€218k€246k▲
Current assets29/58€68k€63k▼
Amounts receivable within one year40/41€27k€26k▼
Trade receivables40€27k€26k▼
Other amounts receivable41-€200
Cash at bank and in hand54/58€39k€35k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€316k€314k▼
Equity10/15€209k€199k▼
Contributions10/11€19k€19k=
Reserves13€125k€125k=
Distributable reserves133€125k€125k=
Profit (loss) carried forward14€66k€56k▼
Amounts payable17/49€107k€115k▲
Amounts payable after more than one year17€48k€37k▼
Financial debts170/4€48k€37k▼
Amounts payable within one year42/48€59k€77k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€1k€6k▲
Suppliers440/4€733€6k▲
Bills of exchange payable441€400€400=
Taxes, remuneration and social security45€19k€23k▲
Taxes450/3€19k€23k▲
Other amounts payable47/48€28k€38k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€3k▼
Other operating charges640/8€667€8k▲
Gross operating margin9900€79k€70k▼
Operating profit (loss)9901€69k€59k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€66k€57k▼
Income taxes67/77€19k€17k▼
Profit (loss) for the period9904€47k€40k▼
Profit (loss) for the period to be appropriated9905€47k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€183k€106k▼
Profit (loss) brought forward from the previous period14P€136k€66k▼
Transfer from equity791/2€2k-
Profit to be distributed694/7€119k€50k▼
Return on contributions (dividend)694€119k€50k▼
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
Next filing, fiscal year 2026, expected by
2026
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
30-06
Financial
Highest result since 2019net €47k ▲30.7%
Operating result €69k, net result €47k, both a record.
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200kEq €212k ▲12.8%
3 profitable years in a row build equity to €212k.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €21k ▼5.3%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 5current ratio 3.05
Current ratio from 0.62 to 3.05; short-term debt falls from €139k to €27k.
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Visé · 1 establishment unit since 2014
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.
Rue Pirette 314602 ViséGround area
863 m²
Building footprint
99 m²
Volume, LiDAR
625 m³
Parcel 62024A0148/00E002, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MANITECH
since 20142.229.257.364
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62024A0148/00E002 | Wallonia | 863 m² | 1 · 99 m² | 8.0 m · 2 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.
Similar companies · same sector, comparable size
TCMI
BE 0831.740.455
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Corrosion Protection Consultants
BE 0460.339.531
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THYM
BE 0831.885.856
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Tekenbureel CRIEL
BE 0443.613.464
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Inox ID Studio
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,557. 5,122 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-2014
Fiscal year end30-06
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.