MANNYTECH
ActiveSummary
MANNYTECH has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €774,348 and a net result of €115,483, of which €119,483 non-recurring income. Equity has been growing by about 4.4% per year since 2019. Its solvency ranks better than 94% of 1,240 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-10-2001 Normal situation
- Activity
- Machining of metals NACE 25530and 5 others
- Joint committees
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 30-09-2024
- Establishment unit
- 2.095.387.763 2490 Balen, since 29-11-2001
- Financial year end
- 30 September
- Peppol
- Reachable since 16-09-2025
Board and ownership
- Wouters TomDirector
- Wouters WillemDirector
- Internationale Transporten Walter Mertens en Co75%· score 842025 annual accounts of Internationale Transporten Walter Mertens en Co
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €152,329
- ▲ 71.6%
- Turnover
- ≈ €390,000
- estimated
- Profit
- €115,483
- ▲ 949%
- Equity
- €774,348
- ▲ 17.5%
- Total assets
- €841,143
- ▲ 11.8%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 12.55, cash €16,251, halvedlowers riskFigures for financial year 2025 (filed on 25-03-2026)Equity €774,348 (92.1% of total assets)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 90% of them on solvency, 49% on liquidity, 74% on profitability and 69% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 25-03-2026 PDF all 24 filings
Every figure per financial year
The operating result for 2025 is 9.1 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-09-2022 | 30-09-2023 |
|---|---|---|
| Employees at the balance-sheet date | 3 | - |
| part-time | 3 | - |
| in full-time equivalents | 2.3 | - |
| Average over the year, in full-time equivalents | 2.3 | 0.4 |
| On a permanent contract | 3 | - |
| Joined | - | 0 |
| Left | - | 3 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €254,351 | - | - | - |
| Depreciation and write-downs of the year | €41,749 | €71,733 | €71,733 | €1,503 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 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 | €32,335 | €16,174 | €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 | €168,325 | €558,405 | €70,557 | €85,374 | €155,222 | €88,782 | €152,329 | ▲ 71.6% |
| Operating profit (loss)9901 | €86,953 | €503,684 | €7,630 | €6,710 | €66,896 | €16,418 | €149,354 | ▲ 810% |
| Financial income75/76B | - | - | - | €2,518 | €11 | €598 | €8,513 | ▲ 14× |
| Recurring financial income75 | €10 | €19 | €3,167 | €2,518 | €11 | €598 | €8,513 | ▲ 14× |
| Financial charges65/66B | - | - | - | €2,346 | €9,843 | €321 | €288 | ▼ 10.4% |
| Recurring financial charges65 | €6,154 | €4,947 | €3,608 | €2,346 | €9,843 | €321 | €288 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €80,809 | €498,755 | €7,189 | €6,882 | €57,065 | €16,695 | €157,578 | ▲ 844% |
| Transfer from deferred taxes780 | - | - | - | €7,969 | €49,366 | - | - | - |
| Income taxes67/77 | - | €802 | - | €10,343 | €99,991 | €5,681 | €42,095 | ▲ 641% |
| Profit (loss) for the period9904 | €80,809 | €436,171 | €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 | €80,809 | €250,826 | €24,975 | €28,414 | €154,539 | €11,014 | €115,483 | ▲ 949% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €486,933 | €766,657 | €777,611 | €839,409 | €802,581 | €752,635 | €841,143 | ▲ 11.8% |
| Fixed assets21/28 | €449,333 | €113,215 | €242,105 | €454,708 | €382,975 | €311,241 | €2,721 | ▼ 99.1% |
| Tangible fixed assets22/27 | €449,333 | €113,215 | €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 | €37,600 | €653,442 | €535,506 | €384,701 | €419,607 | €441,393 | €838,422 | ▲ 89.9% |
| Amounts receivable within one year40/41 | €23,180 | €601,627 | €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 | €13,872 | €51,621 | €8,675 | €21,046 | €32,309 | €45,263 | €16,251 | ▼ 64.1% |
| Deferred charges and accrued income490/1 | - | - | - | €501 | - | €408 | €5,799 | ▲ 14× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €486,933 | €766,657 | €777,611 | €839,409 | €802,581 | €752,635 | €841,143 | ▲ 11.8% |
| Equity10/15 | €189,097 | €625,267 | €636,903 | €641,410 | €647,850 | €658,864 | €774,348 | ▲ 17.5% |
| Contributions10/11 | €108,000 | - | - | €108,000 | €108,000 | €108,000 | €108,000 | = |
| Reserves13 | €8,405 | €196,145 | €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 | €72,691 | €321,122 | €346,097 | €374,511 | €529,050 | €540,064 | €655,548 | ▲ 21.4% |
| Provisions and deferred taxes16 | - | €61,782 | €57,335 | €49,366 | - | - | - | - |
| Deferred taxes168 | - | - | - | €49,366 | - | - | - | - |
| Amounts payable17/49 | €297,836 | €79,608 | €83,373 | €148,632 | €154,731 | €93,770 | €66,795 | ▼ 28.8% |
| Amounts payable after more than one year17 | €72,999 | €48,797 | €23,835 | €7,856 | - | - | - | - |
| Financial debts170/4 | - | - | - | €7,856 | - | - | - | - |
| Amounts payable within one year42/48 | €224,837 | €30,811 | €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 | €6,381 | €981 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,809 | €436,171 | €11,636 | €4,507 | €6,440 | €11,014 | €115,483 | ▲ 949% |
| + Depreciation and write-downs630 | €32,335 | €16,174 | €37,124 | €41,749 | €71,733 | €71,733 | €1,503 | ▼ 97.9% |
| Operating cash flow (approximation) | €113,144 | €452,344 | €48,759 | €46,256 | €78,173 | €82,747 | €116,987 | ▲ 41.4% |
| Investment in fixed assets (approximation) | - | €319,944 | -€166,014 | -€254,351 | €0 | €0 | €307,017 | - |
| Change in cash | - | €37,749 | -€42,946 | €12,370 | €11,264 | €12,954 | -€29,012 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as MANNYTECH has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of MANNYTECH itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for MANNYTECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 25-03-2026 | 2026-00061470 | |
| 30-09-2024 | abbreviated format | 31-03-2025 | 2025-00058065 | |
| 30-09-2023 | abbreviated format | 26-03-2024 | 2024-00049578 | |
| 30-09-2022 | abbreviated format | 17-03-2023 | 2023-00040796 | |
| 30-09-2021 | abbreviated format | 29-03-2022 | 2022-09000233 | |
| 30-09-2020 | abbreviated format | 29-03-2021 | 2021-09000530 | |
| 30-09-2019 | abbreviated format | 23-03-2020 | 2020-07400233 | |
| 30-09-2018 | abbreviated format | 18-03-2019 | 2019-07300543 | |
| 30-09-2017 | abbreviated format | 23-03-2018 | 2018-07600016 | |
| 30-09-2016 | abbreviated format | 22-03-2017 | 2017-06900451 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
Owners 1
- Equity €3.2m Profit of €495,001 in 2025 (profit of €90,356 in 2024) Checked score 8475%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Wouters Tom |
|
| Wouters Willem |
|
Network & group
Companies at the same address
8 other companies- WM Logistics Registered office · since 2024 1012122348
- Verhoeven, Marleen (sole trader) Establishment · since 2022 0793672410
- EDELSTONE Registered office · since 2008 0898209607
- BALIMCO Registered office · since 1996 0458647969
- MERTENS INVEST Registered office · since 1990 0439632308
- Balense Grind en Betonmaatschappij Registered office · since 1988 0435343621
- Internationale Transporten Walter Mertens en Co Registered office · since 1979 0414383109
- BOUWMATERIALEN WOUTERS Registered office · since 1977 0416575705
Connections & network
2 current directorsThe network starts from the directors of MANNYTECH. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-04
Gazette deed
Registered office moved from Meerhout to BalenNew seat: Molsesteenweg 8 te 2490 Balen · Previous seat: Nijverheidsweg 1, 2450 Meerhout2 points ▸
- General meeting, 01-04-2025
- Registered-office move, Molsesteenweg 8 te 2490 Balen
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Nijverheidsweg 1, 2450 Meerhout until 01-04-2025 · act of 18-04-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0475.945.247
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13003A1157/00D002 | Flanders | 666 m² | 1 · 623 m² | 8.4 m · 2 |