Manmade

Active Public limited companyfounded 2006active for 20 yearsMechelsesteenweg 121A, 2220 Heist-op-den-BergKBO/BCE: BE 0879.949.356 subsidiary of Proxima Volta

Manmade

Financial year 2025

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Annual accounts 2025

full format, filed on 29-06-2026, 32 days before the deadline

€468,995

▲ 5.1%

€230,678

▲ 39.1%

€157,681

▲ 47.6%

€353,667

▲ 9.5%

42.4%

▲ 8.1 percentage points

1.67

▲ 0.11

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.7m. Estimated: probably between €1.3m and €2.6m.

Balance sheet

balance sheet total €1.1m on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

42.4%

Higher than 57% of 5,068 companies in 2025.

1.67

Higher than 57% of 4,994 companies in 2025.

14.0%

Higher than 87% of 5,037 companies in 2025.

Manmade Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€45,077

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 49 people joined and 49 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	1.1m	1.1m	1.2m	1.1m	1.2m	966,658	953,468	1.1m	1.2m	1.1m	830,588	876,606	918,445	998,446	1.1m	1.2m	1.3m	1.2m	1.1m
`21/28`	247,294	242,765	229,929	247,144	267,783	286,933	319,137	359,084	398,712	356,410	29,815	37,840	28,055	33,933	44,627	71,395	112,618	94,068	141,262
`21`	4,570	8,477	-	-	-	1,296	11,092	20,888	31,764	36,160	-	-	-	-	-	-	-	-	-
`22/27`	242,725	234,288	229,929	247,144	267,783	285,637	308,045	338,196	366,948	320,250	29,815	37,840	28,055	33,933	44,627	71,395	112,618	94,068	141,262
`23`	1,304	1,756	112	167	1,857	2,668	5,853	9,917	10,547	16,566	6,957	11,712	16,227	8,935	2,853	6,578	10,884	7,154	8,063
`24`	34,413	4,537	1,791	-	-	246	246	7,111	18,038	20,693	19,182	20,404	1,558	15,167	27,633	40,913	59,209	19,420	40,671
`26`	207,008	227,995	228,027	246,977	265,927	282,723	301,946	321,168	338,363	282,990	3,676	5,723	10,269	9,832	14,141	23,904	42,526	67,494	92,529
`29/58`	880,188	895,647	999,982	891,383	882,281	679,725	634,331	768,902	831,550	739,671	800,773	838,766	890,390	964,513	1.1m	1.2m	1.1m	1.1m	984,541
`3`	588,100	561,248	458,901	464,621	512,096	608,063	539,867	654,355	706,564	506,842	588,084	551,566	614,916	703,766	774,828	857,479	866,647	773,653	656,643
`30/36`	588,100	561,248	458,901	464,621	512,096	608,063	539,867	654,355	706,564	506,842	588,084	551,566	614,916	703,766	774,828	857,479	866,647	773,653	656,643
`40/41`	57,905	142,616	251,077	223,625	211,555	806	5,749	45,456	78,974	64,787	11,929	39,006	32,243	32,566	23,079	64,266	9,631	16,750	17,316
`40`	-	546	5,143	-	-	565	5,749	19,112	51,381	43,450	11,929	24,054	17,290	15,576	15,231	21,419	9,380	16,750	17,316
`41`	57,905	142,070	245,935	223,625	211,555	241	-	26,344	27,592	21,337	-	14,953	14,953	16,991	7,848	42,848	250	-	-
`50/53`	100,100	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90,000	50,000
`54/58`	131,307	190,784	287,724	203,137	158,630	70,856	88,715	58,460	21,929	140,115	161,757	200,563	199,610	194,997	218,506	183,529	236,611	220,167	230,363
`490/1`	2,776	988	2,280	-	-	-	-	10,631	24,082	27,927	39,003	47,630	43,621	33,183	54,742	45,662	33,581	40,741	30,219
Balance sheet: equity and liabilities
`10/49`	1.1m	1.1m	1.2m	1.1m	1.2m	966,658	953,468	1.1m	1.2m	1.1m	830,588	876,606	918,445	998,446	1.1m	1.2m	1.3m	1.2m	1.1m
`10/15`	477,597	389,915	363,079	337,043	284,525	221,629	204,558	173,565	266,031	242,992	441,165	430,041	439,724	442,794	501,569	452,069	439,058	357,800	249,702
`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`10`	62,000	62,000	62,000	62,000	62,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`13`	415,597	327,915	301,079	275,043	141,200	141,200	141,200	109,165	379,165	379,165	379,165	368,041	377,724	380,794	439,569	390,069	377,058	295,800	187,702
`130/1`	6,200	6,200	6,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`133`	409,397	321,715	294,879	268,843	135,000	135,000	135,000	102,965	372,965	372,965	372,965	361,841	371,524	374,594	433,369	383,869	370,858	289,600	181,502
`14`	-	-	-	-	81,325	18,429	1,358	2,401	-175,134	-198,173	-	-	-	-	-	-	-	-	-
`16`	-	52,290	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`160/5`	-	52,290	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`163`	-	52,290	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	649,886	696,207	866,833	801,484	865,539	745,029	748,910	954,421	964,231	853,090	389,423	446,564	478,721	555,652	614,212	770,263	820,029	877,579	876,101
`17`	123,365	123,479	169,464	248,430	339,585	253,366	291,501	291,501	357,556	414,411	210,706	266,185	-	-	4,364	17,283	29,603	7,591	15,493
`170/4`	83,365	63,479	89,464	148,430	219,585	133,366	171,501	171,501	217,556	254,411	10,706	16,185	-	-	4,364	17,283	29,603	7,591	15,493
`175`	40,000	60,000	80,000	100,000	120,000	120,000	120,000	120,000	140,000	160,000	200,000	250,000	-	-	-	-	-	-	-
`42/48`	526,521	572,728	697,368	553,054	525,953	491,663	457,410	645,209	601,065	438,678	178,693	179,861	478,721	555,652	609,848	752,938	790,392	869,921	860,512
`42`	33,332	25,986	58,965	69,160	75,523	37,659	20,000	86,055	89,381	86,362	55,973	55,878	-	4,364	12,919	12,320	20,014	8,542	8,133
`43`	-	50,000	150,000	150,000	150,000	150,000	150,000	150,000	250,000	250,000	-	-	-	-	-	3,750	-	-	-
`430/8`	-	50,000	150,000	150,000	150,000	150,000	150,000	150,000	250,000	250,000	-	-	-	-	-	3,750	-	-	-
`44`	152,380	188,433	166,008	121,171	109,124	109,234	120,707	185,858	191,954	62,289	48,817	39,967	387,171	430,386	505,300	580,492	598,273	654,420	696,325
`440/4`	152,380	188,433	166,008	121,171	109,124	109,234	120,707	185,858	191,954	62,289	48,817	39,967	387,171	430,386	505,300	580,492	598,273	654,420	696,325
`45`	117,764	73,048	81,186	69,563	42,999	53,061	21,537	78,079	69,730	40,027	73,903	84,015	91,550	120,901	91,629	100,375	166,105	200,959	155,017
`450/3`	78,920	44,793	50,526	38,098	26,801	35,991	3,895	37,071	28,271	19,631	20,833	26,489	31,780	43,142	57,133	63,302	130,703	170,096	118,431
`454/9`	38,844	28,255	30,659	31,465	16,198	17,070	17,642	41,008	41,459	20,396	53,071	57,527	59,770	77,759	34,496	37,074	35,402	30,863	36,586
`47/48`	223,046	235,261	241,209	143,161	148,308	141,709	145,165	145,216	-	-	-	-	-	-	-	56,000	6,000	6,000	1,037
`492/3`	-	-	-	-	-	-	-	17,712	5,611	-	24	518	-	-	-	42	34	66	97
Income statement
`76A`	-	4,545	-	-	-	-	1,796	-	1,488	4,065	-	331	-	-	72	10,002	1,958	-	-
`9900`	468,995	446,401	373,710	291,349	288,921	241,141	350,601	197,653	295,557	135,800	379,549	417,633	398,038	329,862	349,180	288,858	361,886	380,669	678,516
`62`	252,428	200,749	194,303	168,124	130,163	110,413	184,388	227,840	230,667	294,408	377,998	439,176	404,180	399,578	278,341	252,210	228,246	209,555	378,591
`630`	29,194	21,976	19,170	20,639	19,150	32,204	34,155	46,169	47,334	39,915	15,239	16,372	24,197	21,303	30,609	54,400	53,821	53,513	95,289
`631/4`	7,731	4,932	27,932	41,450	68,800	70,000	82,200	-	-	-	-	-	-	-	-	-	-	-	-
`635/8`	-52,290	52,290	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`640/8`	1,253	614	1,169	1,079	612	488	897	2,694	1,878	2,489	3,096	3,103	4,290	2,921	5,017	3,304	5,255	4,898	4,501
`66A`	-	-	-	-	-	2,327	11,154	-	635	5,039	-	-	-	413	-	4,176	-	-	-
`9901`	230,678	165,840	131,136	60,056	70,197	28,036	48,960	-79,050	15,044	-206,051	-16,783	-41,018	-34,630	-93,940	35,213	-21,057	74,564	112,702	200,134
`75/76B`	1,996	4,570	3,539	1,675	3,343	493	1,813	227	21,191	22,846	33,994	35,392	35,405	40,238	40,210	46,001	51,345	53,869	84,966
`75`	1,996	4,570	3,539	1,675	3,343	493	17	227	21,191	22,846	33,994	35,392	35,405	40,238	40,210	46,001	51,345	53,869	84,966
`76B`	-	-	-	-	-	-	1,796	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	18,171	27,629	16,466	9,213	10,644	11,457	19,570	13,237	12,616	14,873	6,020	4,319	3,774	4,922	7,100	7,536	7,725	5,478	9,416
`65`	18,085	27,629	16,466	9,213	10,644	9,130	8,415	13,237	12,616	13,100	6,020	4,319	3,774	4,922	7,100	7,536	7,725	5,478	9,416
`66B`	86	-	-	-	-	2,327	11,154	-	-	1,773	-	-	-	-	-	-	-	-	-
`9903`	214,504	142,782	118,209	52,518	62,896	17,071	31,203	-92,060	23,619	-198,078	11,191	-9,615	-2,999	-59,038	68,394	23,235	120,143	161,093	275,685
`67/77`	56,822	35,945	2,174	-	-	-	211	406	579	95	68	67	71	-263	18,894	4,224	32,885	46,996	87,982
`9904`	157,681	106,837	116,036	52,518	62,896	17,071	30,992	-92,466	23,039	-198,173	11,123	-9,682	-3,070	-58,775	49,500	19,011	87,258	114,097	187,702
`9905`	157,681	106,837	116,036	52,518	62,896	17,071	30,992	-92,466	23,039	-198,173	11,123	-9,682	-3,070	-58,775	49,500	19,011	87,258	114,097	187,702
Appropriation of the result
`9906`	157,681	106,837	116,036	133,843	81,325	18,429	33,393	-267,599	-175,134	-198,173	11,123	-9,682	-3,070	-58,775	49,500	19,011	87,258	114,097	187,702
`14P`	-	-	-	81,325	18,429	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	-	270,000	-	-	-	9,682	3,070	58,775	-	-	-	-	-
`691/2`	87,681	26,837	26,036	133,843	-	-	32,035	-	-	-	11,123	-	-	-	49,500	13,011	81,258	108,097	187,702
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,200
`6921`	87,681	26,837	26,036	133,843	-	-	32,035	-	-	-	11,123	-	-	-	49,500	13,011	81,258	108,097	181,502
`694/7`	70,000	80,000	90,000	-	-	-	-	-	-	-	-	-	-	-	-	6,000	6,000	6,000	-
`694`	70,000	80,000	90,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	6,000	6,000	-
Social balance sheet
`9087`	5.6	5.7	6.6	5.6	4.3	3.7	3.7	5.2	5.6	6.1	7.8	8.4	9.1	9	7.6	8.1	7.4	7	7
Hours worked`1013`	8,021	6,969	7,220	6,674	6,416	5,578	6,615	8,143	8,776	9,724	13,240	13,874	15,270	14,401	13,213	14,259	12,387	11,727	12,233
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	29-06-2026	2026-00262919	PDF
31-12-2024	abbreviated format	27-05-2025	2025-00110624	PDF
31-12-2023	abbreviated format	29-07-2024	2024-00294041	PDF
31-12-2022	abbreviated format	21-06-2023	2023-00153418	PDF
31-12-2021	abbreviated format	11-07-2022	2022-20176214	PDF
31-12-2020	abbreviated format	29-07-2021	2021-42900258	PDF
31-12-2019	abbreviated format	29-07-2020	2020-38900066	PDF
31-12-2018	abbreviated format	31-07-2019	2019-43200556	PDF
31-12-2017	abbreviated format	08-06-2018	2018-17100237	PDF
31-12-2016	abbreviated format	28-08-2017	2017-51000547	PDF
31-12-2015	abbreviated format	05-07-2016	2016-27900494	PDF
31-12-2014	abbreviated format	10-07-2015	2015-29900552	PDF
31-12-2013	abbreviated format	21-08-2014	2014-45400184	PDF
31-12-2012	abbreviated format	13-09-2013	2013-58200488	PDF
31-12-2011	abbreviated format	29-06-2012	2012-23700430	PDF
31-12-2010	abbreviated format	29-08-2011	2011-48100330	PDF
31-12-2009	abbreviated format	25-08-2010	2010-45400163	PDF
31-12-2008	abbreviated format	28-08-2009	2009-68900226	PDF
31-12-2007	abbreviated format	08-08-2008	2008-54600309	PDF

Subsidies and aid

Flemish government 2022 to 2025, 3 entries, €5,225 awarded, €4,880 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€3,225

Hinderpremie bij openbare werken

€2,000

Year	Entries	Awarded	Paid
2025	1	€345	€0
2024	1	€2,880	€2,880
2022	1	€2,000	€2,000

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
259,872	187,816	150,306	80,695	89,347	60,240	83,115	-32,880	62,378	-166,136	-1,544	-24,646	-10,432	-72,637	65,822	33,343	128,386	166,215	295,424
186,875	128,813	135,205	73,157	82,046	49,275	65,148	-46,296	70,373	-158,258	26,362	6,690	21,127	-37,472	80,110	73,411	141,080	167,611	282,992
42,200	34,812	1,955	0	0	0	-5,792	6,542	100,402	370,631	7,214	26,157	18,319	10,609	3,842	17,103	72,730	6,319	236,552
-59,477	-96,940	84,586	44,508	87,773	-17,859	30,255	36,531	-118,186	-21,641	-38,806	953	4,612	-23,508	34,976	-53,082	16,444	-10,196	-
353,667	322,919	302,614	338,329	356,327	188,062	176,921	123,693	230,485	300,993	622,080	658,905	411,669	408,861	461,306	397,999	356,077	271,390	124,030
42.4%	34.3%	29.5%	29.6%	24.7%	22.9%	21.5%	15.4%	21.6%	22.2%	53.1%	49.1%	47.9%	44.3%	45.0%	37.0%	34.9%	29.0%	22.2%
1.67	1.56	1.43	1.61	1.68	1.38	1.39	1.19	1.38	1.69	4.48	4.66	1.86	1.74	1.76	1.53	1.45	1.31	1.14
0.55	0.58	0.78	0.77	0.70	0.15	0.21	0.18	0.21	0.53	1.19	1.60	0.58	0.47	0.49	0.39	0.35	0.42	0.38
1.36	1.79	2.39	2.38	3.04	3.36	3.66	5.50	3.62	3.51	0.88	1.04	1.09	1.25	1.22	1.70	1.87	2.45	3.51
33.0%	27.4%	32.0%	15.6%	22.1%	7.7%	15.2%	-53.3%	8.7%	-81.6%	2.5%	-2.3%	-0.7%	-13.3%	9.9%	4.2%	19.9%	31.9%	75.2%
14.0%	9.4%	9.4%	4.6%	5.5%	1.8%	3.3%	-8.2%	1.9%	-18.1%	1.3%	-1.1%	-0.3%	-5.9%	4.4%	1.6%	6.9%	9.2%	16.7%
14.37	6.80	9.13	8.76	8.39	-	-	-	-	-	-	-	-	-	-	-	-	-	-

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	11	11	11	12	12
full-time	3	3	6	4	4
part-time	8	8	5	8	8
in full-time equivalents	6.1	6.3	8.2	7.4	7.1
	5.6	5.7	6.6	5.6	4.3
On a permanent contract	2	3	3	3	2
Joined	49	57	64	52	55
Left	49	57	65	52	55

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€35,959	€26,214	€1,955	-	-
Intangible fixed assets	€6,241	€8,598	-	-	-
	€29,194	€21,976	€19,170	€20,639	€19,150

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Manmade

The operating result for 2025 is 39% higher than in 2024 and the highest since 2007. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total falls from 61.2% to 57.6%. Equity is higher and debt is lower.

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency42.4%

Current ratio1.67

Return on assets14.0%

Staff

Staff cost per FTE€45,077

Joined and leftlevel

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 3 entries, €5,225 awarded, €4,880 paid

Key figures and ratios

Social balance sheet

Investments

Insights on Manmade

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in euro

in euro

42.4%

1.67

14.0%

€45,077

level