MANNYTECH
ActiveSummary
MANNYTECH has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €774,348 and a net result of €115,483. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 1038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+15
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 12.55 against 4.71 in 2024; short-term debt: 7.9% and cash: 1.9% of total assets), and 7.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.1%
Return on assets
13.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
30 d early
2023
35 d early
2022
44 d early
2021
32 d early
2020
32 d early
2019
38 d early
← 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 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€774,348▲ 17.5%
2024 · €658,864
Total assets
€841,143▲ 11.8%
2024 · €752,635
Net result
€115,483▲ 949%
2024 · €11,014
Working capital
€771,627▲ 122%
2024 · €347,623
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,630▼ 98.5%€6,710▼ 12.1%€66,896▲ 897%€16,418▼ 75.5%€149,354▲ 810%
Net result€11,636▼ 97.3%€4,507▼ 61.3%€6,440▲ 42.9%€11,014▲ 71.0%€115,483▲ 949%
Equity€636,903▲ 1.9%€641,410▲ 0.7%€647,850▲ 1.0%€658,864▲ 1.7%€774,348▲ 17.5%
Total assets€777,611▲ 1.4%€839,409▲ 7.9%€802,581▼ 4.4%€752,635▼ 6.2%€841,143▲ 11.8%
Debt€83,373▲ 4.7%€148,632▲ 78.3%€154,731▲ 4.1%€93,770▼ 39.4%€66,795▼ 28.8%
Working capital€475,968▼ 23.6%€243,925▼ 48.8%€266,091▲ 9.1%€347,623▲ 30.6%€771,627▲ 122%
Staff (FTE)2.3▼ 17.9%2.3=0.4▼ 82.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 810% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €841,143
Fixed assets
€2,721 ▼ 99.1%
Current assets
€838,422 ▲ 89.9%
Equity and liabilities €841,143
Equity
€774,348 ▲ 17.5%
Debt
€66,795 ▼ 28.8%
Debt's share of the balance-sheet total falls from 12.5% to 7.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€150,857▲
2024 · €88,151
Cash flow
€116,987▲
2024 · €82,747
Current ratio
12.55▲
2024 · 4.71
Debt to equity
0.09▼
2024 · 0.14
ROE
14.9%▲
2024 · 1.7%
ROA
13.7%▲
2024 · 1.5%
Interest coverage
523.81▲
2024 · 274.27
Debt ≤ 1 year
€66,795▼
2024 · €93,770
Income taxes
€42,095▲
2024 · €5,681
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €119,483 | - |
| Remuneration, social security and pensions62 | - | €24,211 | €15,495 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,124 | €41,749 | €71,733 | €71,733 | €1,503 | ▼ 97.9% |
| Other operating charges640/8 | - | €561 | €1,099 | €631 | €1,472 | ▲ 133% |
| Non-recurring operating charges66A | - | €12,144 | - | - | - | - |
| Gross operating margin9900 | €70,557 | €85,374 | €155,222 | €88,782 | €152,329 | ▲ 71.6% |
| Operating profit (loss)9901 | €7,630 | €6,710 | €66,896 | €16,418 | €149,354 | ▲ 810% |
| Financial income75/76B | - | €2,518 | €11 | €598 | €8,513 | ▲ 1,323% |
| Recurring financial income75 | €3,167 | €2,518 | €11 | €598 | €8,513 | ▲ 1,323% |
| Financial charges65/66B | - | €2,346 | €9,843 | €321 | €288 | ▼ 10.4% |
| Recurring financial charges65 | €3,608 | €2,346 | €9,843 | €321 | €288 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €7,189 | €6,882 | €57,065 | €16,695 | €157,578 | ▲ 844% |
| Transfer from deferred taxes780 | - | €7,969 | €49,366 | - | - | - |
| Income taxes67/77 | - | €10,343 | €99,991 | €5,681 | €42,095 | ▲ 641% |
| Profit (loss) for the period9904 | €11,636 | €4,507 | €6,440 | €11,014 | €115,483 | ▲ 949% |
| Transfer from tax-exempt reserves789 | - | €23,906 | €148,099 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €24,975 | €28,414 | €154,539 | €11,014 | €115,483 | ▲ 949% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €777,611 | €839,409 | €802,581 | €752,635 | €841,143 | ▲ 11.8% |
| Fixed assets21/28 | €242,105 | €454,708 | €382,975 | €311,241 | €2,721 | ▼ 99.1% |
| Tangible fixed assets22/27 | €241,605 | €454,208 | €382,475 | €310,741 | €2,221 | ▼ 99.3% |
| Furniture and vehicles24 | - | €454,208 | €382,475 | €310,741 | €2,221 | ▼ 99.3% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €535,506 | €384,701 | €419,607 | €441,393 | €838,422 | ▲ 89.9% |
| Amounts receivable within one year40/41 | €526,694 | €363,154 | €387,297 | €395,722 | €816,372 | ▲ 106% |
| Trade receivables40 | - | €38,681 | €248,612 | €120,434 | €3,630 | ▼ 97.0% |
| Other amounts receivable41 | - | €324,474 | €138,685 | €275,288 | €812,742 | ▲ 195% |
| Cash at bank and in hand54/58 | €8,675 | €21,046 | €32,309 | €45,263 | €16,251 | ▼ 64.1% |
| Deferred charges and accrued income490/1 | - | €501 | - | €408 | €5,799 | ▲ 1,320% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €777,611 | €839,409 | €802,581 | €752,635 | €841,143 | ▲ 11.8% |
| Equity10/15 | €636,903 | €641,410 | €647,850 | €658,864 | €774,348 | ▲ 17.5% |
| Contributions10/11 | - | €108,000 | €108,000 | €108,000 | €108,000 | = |
| Reserves13 | €182,805 | €158,899 | €10,800 | €10,800 | €10,800 | = |
| Non-distributable reserves130/1 | - | €10,800 | €10,800 | €10,800 | €10,800 | = |
| Reserves not available under the articles1311 | - | €10,800 | €10,800 | €10,800 | €10,800 | = |
| Tax-exempt reserves132 | - | €148,099 | - | - | - | - |
| Profit (loss) carried forward14 | €346,097 | €374,511 | €529,050 | €540,064 | €655,548 | ▲ 21.4% |
| Provisions and deferred taxes16 | €57,335 | €49,366 | - | - | - | - |
| Deferred taxes168 | - | €49,366 | - | - | - | - |
| Amounts payable17/49 | €83,373 | €148,632 | €154,731 | €93,770 | €66,795 | ▼ 28.8% |
| Amounts payable after more than one year17 | €23,835 | €7,856 | - | - | - | - |
| Financial debts170/4 | - | €7,856 | - | - | - | - |
| Amounts payable within one year42/48 | €59,538 | €140,776 | €153,516 | €93,770 | €66,795 | ▼ 28.8% |
| Current portion of amounts payable after more than one year42 | - | €15,979 | €7,856 | - | - | - |
| Trade debts44 | €439 | €113,002 | €129,754 | €93,770 | - | - |
| Suppliers440/4 | - | €113,002 | €129,754 | €93,770 | - | - |
| Taxes, remuneration and social security45 | - | €11,795 | €15,906 | - | €6,795 | - |
| Taxes450/3 | - | €10,343 | €15,326 | - | €6,795 | - |
| Remuneration and social security454/9 | - | €1,451 | €580 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €60,000 | - |
| Accrued charges and deferred income492/3 | - | - | €1,215 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,636 | €4,507 | €6,440 | €11,014 | €115,483 | ▲ 949% |
| + Depreciation and write-downs630 | €37,124 | €41,749 | €71,733 | €71,733 | €1,503 | ▼ 97.9% |
| Operating cash flow (approximation) | €48,759 | €46,256 | €78,173 | €82,747 | €116,987 | ▲ 41.4% |
| Investment in fixed assets (approximation) | - | -€254,351 | €0 | €0 | €307,017 | - |
| Change in cash | - | €12,370 | €11,264 | €12,954 | -€29,012 | ▼ 324% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity triplescurrent ratio 12.55
Current ratio from 4.71 to 12.55; short-term debt falls from €93,770 to €66,795.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €436,171 ▲440%
Operating result €503,684, net result €436,171, both a record.
30-09
Financial
Liquidity times 127current ratio 21.21
Current ratio from 0.17 to 21.21; short-term debt falls from €224,837 to €30,811.
30-09
Financial
Equity above €500,000Eq €625,267 ▲231%
2 profitable years in a row build equity to €625,267.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €80,809
Net result €80,809 after one loss-making year.
Show earlier events
30-09
Financial
Equity above €150,000Eq €189,097 ▲74.6%
Equity rises from €108,287 to €189,097.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are 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, Balen · 1 establishment unit since 2001
Ground area
666 m²
Building footprint
623 m²
Volume, LiDAR
3,879 m³
Parcel 13003A1157/00D002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Mannytech
since 20012.095.387.763
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003A1157/00D002 | Flanders | 666 m² | 1 · 623 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,464 companies in sector 25530 we hold annual accounts for 1,655. 1,199 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
Founded24-10-2001
Fiscal year end30-09
Activities, NACEBEL 2025
25530Machining of metals
25110Manufacture of metal structures and parts of structures
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.