Manmaxco
ActiveManmaxco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €100k and a net result of €-27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 7962 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
4 d early
2023
5 d early
2022
43 d early
2021
28 d early
2020
9 d early
2019
24 d early
← 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 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€100k▼ 29.5%
2024 · €141k
2019: €-20k
2020: €6k
2021: €11k
2022: €61k
2023: €140k
2024: €141k
2019 → 2025
Net result
€-27k
2024 · €11k
2019: €-10k
2020: €27k
2021: €4k
2022: €50k
2023: €67k
2024: €11k
2019 → 2025
Total assets
€423k▼ 9.0%
2024 · €465k
2019: €36k
2020: €35k
2021: €71k
2022: €136k
2023: €212k
2024: €465k
2019 → 2025
Solvency
23.5%▼ 6.8pp
2024 · 30.4%
2019: -56.1%
2020: 18.4%
2021: 14.9%
2022: 45.0%
2023: 66.1%
2024: 30.4%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€61k▲ 476%€140k▲ 130%€141k▲ 0.9%€100k▼ 29.5%
Operating result€8k-€71k▲ 743%€93k▲ 31.7%€30k▼ 67.3%€-4k
Net result€4k-€50k▲ 1,089%€67k▲ 32.3%€11k▼ 83.2%€-27k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €30k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €423k
Fixed assets
€362k▲ 20.0%
Current assets
€61k▼ 62.8%
Equity and liabilities €423k
Equity
€100k▼ 29.5%
Debt
€323k▼ 0.1%
The debt ratio rises from 69.6% to 76.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
Solvency
23.5%▼
2024 · 30.4%
ROE
-26.7%▼
2024 · 7.9%
ROA
-6.3%▼
2024 · 2.4%
Debt
€323k▼
2024 · €324k
Debt ≤ 1 year
€115k▼
2024 · €148k
Debt > 1 year
€205k▲
2024 · €174k
Income taxes
€944▼
2024 · €6k
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€465k€423k▼
Fixed assets21/28€302k€362k▲
Tangible fixed assets22/27€293k€353k▲
Land and buildings22€229k€299k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€12k€5k▼
Other tangible fixed assets26€49k€47k▼
Financial fixed assets28€9k€9k=
Current assets29/58€163k€61k▼
Amounts receivable within one year40/41€138k€42k▼
Trade receivables40€134k€33k▼
Other amounts receivable41€4k€9k▲
Current investments50/53€2k€2k=
Cash at bank and in hand54/58€20k€14k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€465k€423k▼
Equity10/15€141k€100k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€123k€81k▼
Amounts payable17/49€324k€323k▼
Amounts payable after more than one year17€174k€205k▲
Financial debts170/4€174k€205k▲
Amounts payable within one year42/48€148k€115k▼
Current portion of amounts payable after more than one year42€1k€12k▲
Trade debts44€61k€11k▼
Suppliers440/4€61k€11k▼
Advances received on contracts in progress46€170€756▲
Taxes, remuneration and social security45€13k€18k▲
Taxes450/3€12k€12k▲
Remuneration and social security454/9€1k€5k▲
Other amounts payable47/48€73k€74k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€21k▲
Other operating charges640/8€3k€746▼
Non-recurring operating charges66A-€756
Gross operating margin9900€52k€18k▼
Operating profit (loss)9901€30k€-4k▼
Financial income75/76B€1€68▲
Recurring financial income75€1€68▲
Financial charges65/66B€13k€22k▲
Recurring financial charges65€13k€22k▲
Profit (loss) for the period before taxes9903€17k€-26k▼
Income taxes67/77€6k€944▼
Profit (loss) for the period9904€11k€-27k▼
Profit (loss) for the period to be appropriated9905€11k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€96k▼
Profit (loss) brought forward from the previous period14P€121k€123k▲
Profit to be distributed694/7€10k€15k▲
Return on contributions (dividend)694€10k€15k▲
The notes to these accounts (8 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-27k ▼337%
Net result drops to €-27k, the lowest in the series.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €67k ▲32.3%
Operating result €93k, net result €67k, both a record.
30-06
Financial
Equity above €100kEq €140k ▲130%
4 profitable years in a row build equity to €140k.
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-04
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 1.10
Current ratio from 0.29 to 1.10; short-term debt falls from €39k to €15k.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Helmut VANGHELUWE
CurrentDirector · since 20-01-2023
Lindsay DEMUYNCK
CurrentDirector · since 20-01-2023
20-01-2023
Helmut VANGHELUWE: Appointed as Director
20-01-2023
Lindsay DEMUYNCK: Appointed as Director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2017
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.
Polydoor Benootstraat(Mar) 48510 KortrijkGround area
1,100 m²
Building footprint
191 m²
Parcel 34026B0109/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Manmaxco
since 20172.266.700.255
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0109/00L000 | Flanders | 1,100 m² | 1 · 191 m² | - |
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.
Structure & network
Ownership & control
1 partyManmaxcoBE 0678.762.052
controls
Where this company holds controlthis company sits on their board1
2 subsidiaries · 143 locations
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 12,272 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2017
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.