Equity
€477,597 ▲ 22.5%
Manmade paid out €70,000 in dividends. That is 44% of the 2025 profit.
Manmade
Lifetime
19 annual accounts with figures on one time axispeak €678,516 (2007)
€468,995▲ 5.1%
lowest -€198,173 (2016)
€157,681▲ 47.6%
peak €501,569 (2011)
€477,597▲ 22.5%
€649,886▼ 6.7%
peak 9.1 FTE (2013)
5.6 FTE▼ 1.8%
Board2 names since 2016
1 directorProxima Volta
Owners
99.84%Proxima Volta
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Result from €106,837 to €157,681Dividend €70,000Equity from €389,915 to €477,597Cash from €190,784 to €131,307
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 63% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026highest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2006
Figures for financial year 2025 (filed on 29-06-2026)
Equity €477,597 (42.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 57% of them on solvency, 40% on liquidity, 81% on profitability and 75% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as Manmade has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Manmade itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for Manmade. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.67 (1.56 in 2024), above the usual 1.5. Short-term debt is 46.7% and cash 11.6% of total assets. However, 57.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
65 days early
2023
2 days early
2022
40 days early
2021
20 days early
2020
2 days early
2019
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Proxima Volta 99.84%equity €316,301 (2025) · 2025 annual accounts of Proxima Volta
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879949356
New sole director
PROXIMA VOLTA appointed, AERTS Geert August Julia resigned · Permanent representative: AERTS Geert August Julia · General meeting of 24-11-2021 · Gazette deed
First establishment
Mechelsesteenweg 121, Heist-op-den-Berg
Incorporation
published on 24-03-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Manmade Heist-op-den-Berg | €1.1m | €468,995 | 42.4% | 5.6 |
| RUNNERS SERVICE CENTER BEVEREN Beveren-Kruibeke-Zwijndrecht | €1.2m | €443,271 | 82.3% | 6.6 |
| JOBITEX Putte | €1.2m | €719,408 | 63.4% | 6.1 |
| DI LOCO Kasterlee | €1.0m | €335,936 | 94.7% | 5.3 |
| STYLE & SENSE Westerlo | €1.3m | €525,112 | 23.8% | 8.3 |
| M.F.H. Antwerp | €1.2m | €494,356 | 62.4% | 3.9 |
| DIMA FASHION Antwerp | €0.9m | €301,380 | 68.7% | 4.4 |
These companies have the same main activity as Manmade: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €852,000 and €1.3m, founded between 2001 and 2007.
Official details
Source: KBO- Status
- Active since 28-02-2006Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716and 1 other
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.152.824.7302220 Heist-op-den-Berg, since 10-04-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 09-09-2024
Annual accounts 2025
- ≈ €1.7mestimated
- €1.1m▼ 1.0%
- Employeeson 31-12-2025
- 11=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on Manmade
Manmade has existed since 2006. The gross margin fell from €417,633 in 2014 to €135,800 in 2016 and staff from 8.4 to 6.1 full-time equivalents.
The gross margin has grown every year since 2020. Solvency rose in 2025 from 34.3% to 42.4% because of the retained profit.
Proxima Volta holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Manmade
- What is the company number of Manmade?
- The company number of Manmade is 0879.949.356. The VAT number is the same number with BE in front: BE 0879.949.356.
- Where is Manmade based?
- The registered office is at Mechelsesteenweg 121A, 2220 Heist-op-den-Berg.Company details
- What does Manmade do?
- According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
- What is the legal form of Manmade?
- Manmade is a public limited company (NV).
- When was Manmade founded?
- Manmade was founded on 28-02-2006.
- Is Manmade still active?
- Yes, Manmade is an active enterprise in the KBO register.
- How many employees does Manmade have?
- Manmade had an average of 5.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Manmade fall under?
- In its 2025 annual accounts, Manmade states joint committee 201 (Independent retail).
- What is the turnover of Manmade?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €468,995 and 47 comparable companies (NACE 477). It probably lies between €1.3m and €2.6m.
- Is Manmade profitable?
- In financial year 2025, Manmade made a profit of €157,681.
- Where can I find the annual accounts of Manmade?
- Manmade filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Manmade due?
- Manmade must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.