MANITOR
ActiveSummary
The computed 12-month bankruptcy probability of MANITOR is 3.4% (moderate). The 2025 annual accounts show equity of €78k and a net result of €-48k. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 3705 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-74
Solvency42▼-23
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 1.32 in 2024; short-term debt: 82.5% and cash: 3% of total assets), and 82.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
17.5%
Return on assets
-10.8%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
17 d late
2021
18 d late
2020
4 d early
2019
18 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-48k
2024 · €26k
2018: €43k
2019: €127k▲ +194% vs 2018highest in 8 years
2020: €-53k▼ -142% vs 2019
2021: €-130k▼ -145% vs 2020lowest in 8 years
2022: €49k▲ +138% vs 2021
2023: €49k▲ +0.1% vs 2022
2024: €26k▼ -47.4% vs 2023
2025: €-48k▼ -285% vs 2024
2018 → 2025
Working capital
€18k▼ 71.2%
2024 · €61k
2018: €25k
2019: €156k▲ +524% vs 2018highest in 8 years
2020: €69k▼ -56.2% vs 2019
2021: €-72k▼ -206% vs 2020lowest in 8 years
2022: €-17k▲ +76.8% vs 2021
2023: €48k▲ +388% vs 2022
2024: €61k▲ +26.6% vs 2023
2025: €18k▼ -71.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€75k▲ 188%€125k▲ 65.4%€126k▲ 0.7%€78k▼ 38.1%
2021: €26klowest in 5 years
2022: €75k▲ +188% vs 2021
2023: €125k▲ +65.4% vs 2022
2024: €126k▲ +0.7% vs 2023highest in 5 years
2025: €78k▼ -38.1% vs 2024
Operating result€-130k-€51k€67k▲ 30.3%€33k▼ 50.2%€-40k
2021: €-130klowest in 5 years
2022: €51k▲ +140% vs 2021
2023: €67k▲ +30.3% vs 2022highest in 5 years
2024: €33k▼ -50.2% vs 2023
2025: €-40k▼ -219% vs 2024
Net result€-130k-€49k€49k▲ 0.1%€26k▼ 47.4%€-48k
2021: €-130klowest in 5 years
2022: €49k▲ +138% vs 2021
2023: €49k▲ +0.1% vs 2022highest in 5 years
2024: €26k▼ -47.4% vs 2023
2025: €-48k▼ -285% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €40k after €33k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €445k
Fixed assets
€60k ▼ 6.5%
Current assets
€385k ▲ 52.0%
Equity and liabilities €445k
Equity
€78k ▼ 38.1%
Debt
€367k ▲ 91.5%
Debt's share of the balance-sheet total rises from 60.4% to 82.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-19k▼
2024 · €56k
Cash flow
€-28k▼
2024 · €49k
Current ratio
1.05▼
2024 · 1.32
Quick ratio
0.46▼
2024 · 0.63
Debt to equity
4.72▲
2024 · 1.52
ROE
-61.6%▼
2024 · 20.6%
ROA
-10.8%▼
2024 · 8.2%
Interest coverage
-2.20▼
2024 · 7.06
Debt ≤ 1 year
€367k▲
2024 · €192k
Income taxes
€182▼
2024 · €199
Staff costs
€466k▲
2024 · €353k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€317k€445k▲
Fixed assets21/28€64k€60k▼
Tangible fixed assets22/27€64k€60k▼
Plant, machinery and equipment23€47k€37k▼
Furniture and vehicles24€17k€23k▲
Financial fixed assets28€50€50=
Current assets29/58€253k€385k▲
Stocks and contracts in progress3€133k€215k▲
Stocks30/36€133k€215k▲
Amounts receivable within one year40/41€81k€156k▲
Trade receivables40€81k€156k▲
Cash at bank and in hand54/58€39k€14k▼
Equity and liabilities
Total equity and liabilities10/49€317k€445k▲
Equity10/15€126k€78k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€105k€57k▼
Amounts payable17/49€192k€367k▲
Amounts payable within one year42/48€192k€367k▲
Trade debts44€123k€256k▲
Suppliers440/4€123k€256k▲
Taxes, remuneration and social security45€44k€95k▲
Taxes450/3€15k€45k▲
Remuneration and social security454/9€28k€49k▲
Other amounts payable47/48€25k€17k▼
Income statement
Code20242025
Remuneration, social security and pensions62€353k€466k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€20k▼
Other operating charges640/8€840€2k▲
Non-recurring operating charges66A€689-
Gross operating margin9900€411k€450k▲
Operating profit (loss)9901€33k€-40k▼
Financial income75/76B€742€610▼
Recurring financial income75€742€610▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€26k€-48k▼
Income taxes67/77€199€182▼
Profit (loss) for the period9904€26k€-48k▼
Profit (loss) for the period to be appropriated9905€26k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€130k€57k▼
Profit (loss) brought forward from the previous period14P€104k€105k▲
Profit to be distributed694/7€25k-
Return on contributions (dividend)694€25k-
Social balance
Average headcount (FTE)908713.212.6▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €244k | €390k | €376k | €353k | €466k | ▲ 32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €22k | €23k | €23k | €20k | ▼ 10.2% |
| Other operating charges640/8 | €41k | €982 | €2k | €840 | €2k | ▲ 189% |
| Non-recurring operating charges66A | - | - | - | €689 | - | - |
| Gross operating margin9900 | €174k | €464k | €468k | €411k | €450k | ▲ 9.5% |
| Operating profit (loss)9901 | €-130k | €51k | €67k | €33k | €-40k | ▼ 219% |
| Financial income75/76B | €3k | €3k | €4k | €742 | €610 | ▼ 17.8% |
| Recurring financial income75 | €3k | €3k | €4k | €742 | €610 | ▼ 17.8% |
| Financial charges65/66B | €4k | €5k | €21k | €8k | €9k | ▲ 10.0% |
| Recurring financial charges65 | €4k | €5k | €21k | €8k | €9k | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €-130k | €50k | €50k | €26k | €-48k | ▼ 283% |
| Income taxes67/77 | €240 | €226 | €211 | €199 | €182 | ▼ 8.2% |
| Profit (loss) for the period9904 | €-130k | €49k | €49k | €26k | €-48k | ▼ 285% |
| Profit (loss) for the period to be appropriated9905 | €-130k | €49k | €49k | €26k | €-48k | ▼ 285% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €204k | €282k | €303k | €317k | €445k | ▲ 40.2% |
| Fixed assets21/28 | €101k | €92k | €76k | €64k | €60k | ▼ 6.5% |
| Tangible fixed assets22/27 | €101k | €92k | €76k | €64k | €60k | ▼ 6.5% |
| Plant, machinery and equipment23 | €71k | €64k | €54k | €47k | €37k | ▼ 21.6% |
| Furniture and vehicles24 | €30k | €28k | €23k | €17k | €23k | ▲ 34.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €102k | €189k | €226k | €253k | €385k | ▲ 52.0% |
| Stocks and contracts in progress3 | €83k | €143k | €134k | €133k | €215k | ▲ 61.9% |
| Stocks30/36 | €83k | €143k | €134k | €133k | €215k | ▲ 61.9% |
| Amounts receivable within one year40/41 | €8k | €28k | €48k | €81k | €156k | ▲ 92.3% |
| Trade receivables40 | €8k | €28k | €48k | €81k | €156k | ▲ 92.3% |
| Cash at bank and in hand54/58 | €11k | €19k | €44k | €39k | €14k | ▼ 65.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €204k | €282k | €303k | €317k | €445k | ▲ 40.2% |
| Equity10/15 | €26k | €75k | €125k | €126k | €78k | ▼ 38.1% |
| Contributions10/11 | €19k | €19k | €19k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €6k | €55k | €104k | €105k | €57k | ▼ 45.5% |
| Amounts payable17/49 | €177k | €206k | €178k | €192k | €367k | ▲ 91.5% |
| Amounts payable after more than one year17 | €3k | - | - | - | - | - |
| Financial debts170/4 | €3k | - | - | - | - | - |
| Amounts payable within one year42/48 | €175k | €206k | €178k | €192k | €367k | ▲ 91.5% |
| Current portion of amounts payable after more than one year42 | €3k | €3k | €17k | - | - | - |
| Trade debts44 | €140k | €149k | €104k | €123k | €256k | ▲ 108% |
| Suppliers440/4 | €140k | €149k | €104k | €123k | €256k | ▲ 108% |
| Taxes, remuneration and social security45 | €32k | €52k | €55k | €44k | €95k | ▲ 116% |
| Taxes450/3 | €13k | €27k | €24k | €15k | €45k | ▲ 196% |
| Remuneration and social security454/9 | €19k | €25k | €31k | €28k | €49k | ▲ 73.3% |
| Other amounts payable47/48 | - | €2k | €2k | €25k | €17k | ▼ 32.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-130k | €49k | €49k | €26k | €-48k | ▼ 285% |
| + Depreciation and write-downs630 | €18k | €22k | €23k | €23k | €20k | ▼ 10.2% |
| Operating cash flow (approximation) | €-112k | €71k | €72k | €49k | €-28k | ▼ 157% |
| Investment in fixed assets (approximation) | - | €-13k | €-7k | €-11k | €-16k | ▼ 50.6% |
| Change in cash | - | €8k | €25k | €-5k | €-25k | ▼ 412% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €125k ▲65.4%
2 profitable years in a row build equity to €125k.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Back to profitnet €49k
Net result €49k after 2 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Weakest financial yearnet €-130k
Net result drops to €-130k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Highest result since 2018net €127k ▲194%
Operating result €168k, net result €127k, both a record.
31-12
Financial
Equity above €200kEq €209k ▲154%
2 profitable years in a row build equity to €209k.
Show earlier events
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Lambrechts-Woluwe · 2 establishment units since 2003
Ground area
2.2 ha
Building footprint
2,215 m²
Volume, LiDAR
13,644 m³
2 parcels, Brussels, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
2 establishment units
LE MOUNIER
since 20032.115.235.646
mama wines
since 20232.346.348.242
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018B0067/00L000 | Brussels | 2.1 ha | 1 · 2,215 m² | 10.3 m · 2 fl. |
| 84074B0124/00H000 | Wallonia | 1,199 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Lambrechts-Woluwe2.115.235.646
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Of 14,006 companies in sector 56301 we hold annual accounts for 4,888. 3,860 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
Founded24-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.