MANNIPRO
ActiveSummary
MANNIPRO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €-8k. Equity is shrinking by ~35.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 25% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-1
Solvency28▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
3.3%
Return on assets
-2.9%
Age of the figures
9 mo
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 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-8k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 14128 sector peers (2025).
NBB · sector comparisonPosition among 14128 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
5 d late
2024
29 d late
2023
12 d late
2022
30 d late
2021
18 d late
2020
27 d late
2019
9 d early
← 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, micro schema
Equity
€9k▼ 46.8%
2024 · €17k
2019: €28k
2020: €47k▲ +67.6% vs 2019highest in 7 years
2021: €40k▼ -16.2% vs 2020
2022: €9k▼ -78.1% vs 2021lowest in 7 years
2023: €19k▲ +114% vs 2022
2024: €17k▼ -10.6% vs 2023
2025: €9k▼ -46.8% vs 2024
2019 → 2025
Total assets
€269k▼ 9.3%
2024 · €296k
2019: €84klowest in 7 years
2020: €284k▲ +236% vs 2019
2021: €270k▼ -5.1% vs 2020
2022: €259k▼ -3.8% vs 2021
2023: €226k▼ -12.9% vs 2022
2024: €296k▲ +31.1% vs 2023highest in 7 years
2025: €269k▼ -9.3% vs 2024
2019 → 2025
Net result
€-8k▼ 297%
2024 · €-2k
2019: €23khighest in 7 years
2020: €19k▼ -17.9% vs 2019
2021: €-8k▼ -140% vs 2020
2022: €-31k▼ -304% vs 2021lowest in 7 years
2023: €10k▲ +132% vs 2022
2024: €-2k▼ -120% vs 2023
2025: €-8k▼ -297% vs 2024
2019 → 2025
Working capital
€-94k▲ 11.5%
2024 · €-106k
2019: €14k
2020: €25k▲ +85.0% vs 2019highest in 7 years
2021: €-33k▼ -229% vs 2020
2022: €-57k▼ -75.6% vs 2021
2023: €-39k▲ +32.5% vs 2022
2024: €-106k▼ -175% vs 2023lowest in 7 years
2025: €-94k▲ +11.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€9k▼ 78.1%€19k▲ 114%€17k▼ 10.6%€9k▼ 46.8%
2021: €40khighest in 5 years
2022: €9k▼ -78.1% vs 2021lowest in 5 years
2023: €19k▲ +114% vs 2022
2024: €17k▼ -10.6% vs 2023
2025: €9k▼ -46.8% vs 2024
Operating result€-10k-€-28k▼ 190%€12k€5k▼ 61.0%€-2k
2021: €-10k
2022: €-28k▼ -190% vs 2021lowest in 5 years
2023: €12k▲ +144% vs 2022highest in 5 years
2024: €5k▼ -61.0% vs 2023
2025: €-2k▼ -137% vs 2024
Net result€-8k-€-31k▼ 304%€10k€-2k€-8k▼ 297%
2021: €-8k
2022: €-31k▼ -304% vs 2021lowest in 5 years
2023: €10k▲ +132% vs 2022highest in 5 years
2024: €-2k▼ -120% vs 2023
2025: €-8k▼ -297% vs 2024
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 €2k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269k
Fixed assets
€236k ▼ 6.0%
Current assets
€32k ▼ 27.8%
Equity and liabilities €269k
Equity
€9k ▼ 46.8%
Debt
€260k ▼ 7.1%
Debt's share of the balance-sheet total rises from 94.4% to 96.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▼
2024 · €22k
Cash flow
€15k▼
2024 · €15k
Current ratio
0.25▼
2024 · 0.30
Debt to equity
29.40▲
2024 · 16.82
ROE
-88.1%▼
2024 · -11.8%
ROA
-2.9%▼
2024 · -0.7%
Interest coverage
3.62▲
2024 · 3.37
Debt ≤ 1 year
€126k▼
2024 · €151k
Debt > 1 year
€134k▲
2024 · €129k
Income taxes
€306▲
2024 · €172
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€296k€269k▼
Fixed assets21/28€252k€236k▼
Tangible fixed assets22/27€252k€236k▼
Land and buildings22€122k€118k▼
Plant, machinery and equipment23€83k€75k▼
Furniture and vehicles24€38k€36k▼
Other tangible fixed assets26€8k€7k▼
Current assets29/58€45k€32k▼
Amounts receivable within one year40/41€14k€155▼
Trade receivables40€13k-
Other amounts receivable41€559€155▼
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1€28k€25k▼
Equity and liabilities
Total equity and liabilities10/49€296k€269k▼
Equity10/15€17k€9k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€12k€4k▼
Amounts payable17/49€279k€260k▼
Amounts payable after more than one year17€129k€134k▲
Financial debts170/4€129k€134k▲
Amounts payable within one year42/48€151k€126k▼
Current portion of amounts payable after more than one year42€12k€24k▲
Trade debts44€3k€11k▲
Suppliers440/4€3k€11k▲
Taxes, remuneration and social security45€11k€5k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€6k-
Other amounts payable47/48€124k€87k▼
Income statement
Code20242025
Non-recurring operating income76A€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€23k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€761-
Gross operating margin9900€25k€23k▼
Operating profit (loss)9901€5k€-2k▼
Financial income75/76B€1€33▲
Recurring financial income75€1€33▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€-2k€-7k▼
Income taxes67/77€172€306▲
Profit (loss) for the period9904€-2k€-8k▼
Profit (loss) for the period to be appropriated9905€-2k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€4k▼
Profit (loss) brought forward from the previous period14P€14k€12k▼
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €23k | €23k | €17k | €23k | ▲ 29.6% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €3k | ▲ 2.8% |
| Non-recurring operating charges66A | - | €661 | - | €761 | - | - |
| Gross operating margin9900 | €19k | €-3k | €38k | €25k | €23k | ▼ 8.3% |
| Operating profit (loss)9901 | €-10k | €-28k | €12k | €5k | €-2k | ▼ 137% |
| Financial income75/76B | €5k | €0 | €83 | €1 | €33 | ▲ 2,936% |
| Recurring financial income75 | €5k | €0 | €83 | €1 | €33 | ▲ 2,936% |
| Financial charges65/66B | €3k | €3k | €2k | €7k | €6k | ▼ 12.9% |
| Recurring financial charges65 | €3k | €3k | €2k | €7k | €6k | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €-8k | €-31k | €10k | €-2k | €-7k | ▼ 318% |
| Income taxes67/77 | €0 | - | €0 | €172 | €306 | ▲ 78.3% |
| Profit (loss) for the period9904 | €-8k | €-31k | €10k | €-2k | €-8k | ▼ 297% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €-31k | €10k | €-2k | €-8k | ▼ 297% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270k | €259k | €226k | €296k | €269k | ▼ 9.3% |
| Fixed assets21/28 | €244k | €219k | €198k | €252k | €236k | ▼ 6.0% |
| Tangible fixed assets22/27 | €244k | €219k | €198k | €252k | €236k | ▼ 6.0% |
| Land and buildings22 | €135k | €131k | €127k | €122k | €118k | ▼ 3.4% |
| Plant, machinery and equipment23 | €76k | €64k | €61k | €83k | €75k | ▼ 9.8% |
| Furniture and vehicles24 | €33k | €24k | €10k | €38k | €36k | ▼ 4.8% |
| Other tangible fixed assets26 | - | - | - | €8k | €7k | ▼ 12.2% |
| Current assets29/58 | €26k | €40k | €28k | €45k | €32k | ▼ 27.8% |
| Amounts receivable within one year40/41 | €238 | €16k | €13k | €14k | €155 | ▼ 98.9% |
| Trade receivables40 | - | €12k | €12k | €13k | - | - |
| Other amounts receivable41 | €238 | €4k | €842 | €559 | €155 | ▼ 72.3% |
| Cash at bank and in hand54/58 | €22k | €21k | €9k | €2k | €7k | ▲ 228% |
| Deferred charges and accrued income490/1 | €3k | €4k | €6k | €28k | €25k | ▼ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270k | €259k | €226k | €296k | €269k | ▼ 9.3% |
| Equity10/15 | €40k | €9k | €19k | €17k | €9k | ▼ 46.8% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €35k | €4k | €14k | €12k | €4k | ▼ 67.0% |
| Amounts payable17/49 | €230k | €251k | €207k | €279k | €260k | ▼ 7.1% |
| Amounts payable after more than one year17 | €172k | €153k | €141k | €129k | €134k | ▲ 3.7% |
| Financial debts170/4 | €172k | €153k | €141k | €129k | €134k | ▲ 3.7% |
| Amounts payable within one year42/48 | €58k | €98k | €66k | €151k | €126k | ▼ 16.3% |
| Current portion of amounts payable after more than one year42 | €23k | €19k | €12k | €12k | €24k | ▲ 93.2% |
| Trade debts44 | €5k | €6k | €7k | €3k | €11k | ▲ 311% |
| Suppliers440/4 | €5k | €6k | €7k | €3k | €11k | ▲ 311% |
| Taxes, remuneration and social security45 | €23k | €3k | €12k | €11k | €5k | ▼ 60.5% |
| Taxes450/3 | €12k | €726 | €6k | €6k | €5k | ▼ 20.3% |
| Remuneration and social security454/9 | €11k | €3k | €6k | €6k | - | - |
| Other amounts payable47/48 | €7k | €70k | €35k | €124k | €87k | ▼ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €-31k | €10k | €-2k | €-8k | ▼ 297% |
| + Depreciation and write-downs630 | €27k | €23k | €23k | €17k | €23k | ▲ 29.6% |
| Operating cash flow (approximation) | €19k | €-8k | €33k | €15k | €15k | ▼ 4.3% |
| Investment in fixed assets (approximation) | - | €2k | €-3k | €-71k | €-7k | ▲ 89.6% |
| Change in cash | - | €-2k | €-11k | €-7k | €5k | ▲ 173% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wingene · 2 establishment units since 2019
Ground area
3,916 m²
Building footprint
605 m²
Volume, LiDAR
1,821 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MANNIPRO
since 20192.291.373.491
Abeelstraat 1A, 8755 Wingene
since 20242.378.628.456
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018D0585/00K002 | Flanders | 2,553 m² | 1 · 368 m² | 8.5 m · 2 fl. |
| 37012E0842/00D000 | Flanders | 1,364 m² | 1 · 238 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 70 EUR awarded · 70 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 70 EUR | 70 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 2,939 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
Founded16-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.