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MANN ESTATE

Active
Public limited companyfounded 199234 yrs activeChaussée de Charleroi(FL) 670, 6220 Fleurus, BelgiumKBO/BCE: BE 0446.381.429
Summary

MANN ESTATE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,590 and a net result of -€44,958. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 11002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
MANN ESTATEActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Activity
Development of non-residential building projects
NACE 68122NACE 41102
#7 oldest company in Fleurus, Real estate sector2 sites
Size
€236,515total assets 2025
Equity
€124,590
Loss
-€44,958
Turnover not published (abridged schema)
Financial health
85 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Accounts 29 d early0 of 3 deeds read
Why 85- Loss of €44,958, the second in a row (FY 2025)+ Size: total assets €236,515+ Founded in 1992+ Figures for FY 2025 (filed 02-07-2026)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Better than 31% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 78-9
equity 52.7% of total assets
Liquidity 43-5
short-term debt 26.8% · cash 2.5%
Profitability 0=
return on assets -19.0%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,526 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%▼ -1.1% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%▼ -1.1% vs 02-2025 04-2025: 0.1%▼ -1.1% vs 03-2025 05-2025: 0.1%▼ -5.4% vs 04-2025lowest value 06-2025: 0.1%● 0.0% vs 05-2025lowest value 07-2025: 0.1%▲ +58.6% vs 06-2025 08-2025: 0.6%▲ +338% vs 07-2025 09-2025: 0.6%● 0.0% vs 08-2025 10-2025: 0.6%● 0.0% vs 09-2025 11-2025: 0.6%● 0.0% vs 10-2025 12-2025: 0.6%● 0.0% vs 11-2025 01-2026: 0.6%▼ -1.8% vs 12-2025 02-2026: 0.6%● 0.0% vs 01-2026 03-2026: 0.5%▼ -10.6% vs 02-2026 04-2026: 0.5%▼ -1.1% vs 03-2026 05-2026: 0.5%▲ +0.6% vs 04-2026 06-2026: 0.6%▲ +10.6% vs 05-2026 07-2026: 0.6%▲ +9.3% vs 06-2026highest value 08-2026: 0.2%▼ -64.4% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Size: total assets €236,515 lowers the probability for this profile
  • Loss of €44,958, the second in a row (FY 2025) raises the probability
  • Founded in 1992 lowers the probability for this profile
  • Figures for FY 2025 (filed 02-07-2026) lowers the probability
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.33 in 2024; short-term debt: 26.8% and cash: 2.5% of total assets), and 47.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 66%, liquidity 36%, profitability 4%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €236,515
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €44,958, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1992
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 02-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€44,958
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 02-07-2026, 29 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
29 d early
2024
24 d early
2023
22 d late
2022
17 d late
2021
2 d late
2020
27 d late
2019
62 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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. Usually files around 2 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet -€87,314

Key points

  • Caution: Among the weakest 18% on net resultsector median €10,255 · 10,990 companies -€44,958 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€44,958 View
  • Active since 1992founded 17-01-1992 34 years View

By topic

Financials

Fiscal year
2025
Total assets
€236,515
Loss
-€44,958
Solvency
52.7%
Total assets▼ 13.5%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2018
Next accounts
by 31-07-2027
  1. 02-07-2026Annual accounts filed
  2. 07-07-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Development of non-residential building projectsNACE 68122
Founded
17-01-1992
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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