MANO CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MANO CONSTRUCT is 1.9% (moderate). The annual accounts of MANO CONSTRUCT for financial year 2025 show a net loss of 108% of the equity at the start of that year. The 2025 annual accounts show equity of €40,552 and a net result of -€124,906. Equity is shrinking by about 25% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 21% of 1,028 sector peers (NACE 41, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €40,552
- Loss
- -€124,906
- Largest shareholder
- DE ROOS · 50%
Why 52raises riskSector: Construction of residential and non-residential buildings (NACE 41)Founded in 2021Loss of €124,906, the second in a row (financial year 2025)lowers riskSize: total assets €301,734Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 21% on solvency, 18% on liquidity, 5% on profitability and 8% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 4 accounts on average 46 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Resignation: BLBC (director and managing director)Permanent representatives: LONCKE Olivier, DE…
- Weakest financial yearnet -€124,906
Financials · financial year 2025, full format
2022 to 2025, 4 financial years
The operating result stays negative: a loss of €124,207 in 2025 against €32,236 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86.4% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,133 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €47,662 | €44,673 | -€8 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €799 | €7,528 | €8,098 | €7,360 | ▼ 9.1% |
| Other operating charges640/8 | €3,449 | €445 | €2,403 | €1,085 | ▼ 54.8% |
| Non-recurring operating charges66A | - | - | €11,157 | €0 | ▼ 100% |
| Gross operating margin9900 | €25,461 | €100,330 | €34,095 | -€115,770 | - |
| Operating profit (loss)9901 | €21,214 | €44,696 | -€32,236 | -€124,207 | ▼ 285% |
| Financial income75/76B | €50 | €0 | €50 | €343 | ▲ 582% |
| Recurring financial income75 | €50 | €0 | €50 | €343 | ▲ 582% |
| Financial charges65/66B | €845 | €564 | €1,373 | €1,043 | ▼ 24.1% |
| Recurring financial charges65 | €845 | €564 | €1,373 | €1,043 | ▼ 24.1% |
| Profit (loss) for the period before taxes9903 | €20,419 | €44,132 | -€33,559 | -€124,906 | ▼ 272% |
| Income taxes67/77 | €4,477 | €11,056 | €0 | - | - |
| Profit (loss) for the period9904 | €15,942 | €33,075 | -€33,559 | -€124,906 | ▼ 272% |
| Profit (loss) for the period to be appropriated9905 | €15,942 | €33,075 | -€33,559 | -€124,906 | ▼ 272% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.3m | €4.8m | €4.6m | €0.3m | ▼ 93.5% |
| Fixed assets21/28 | €0.009m | €0.06m | €0.01m | €0.004m | ▼ 67.3% |
| Tangible fixed assets22/27 | €0.009m | €0.06m | €0.01m | €0.003m | ▼ 71.2% |
| Plant, machinery and equipment23 | €0.009m | €0.01m | €0.008m | €0.002m | ▼ 78.1% |
| Furniture and vehicles24 | - | €0.04m | €0.002m | €0.001m | ▼ 49.5% |
| Financial fixed assets28 | - | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €2.3m | €4.7m | €4.6m | €0.3m | ▼ 93.6% |
| Stocks and contracts in progress3 | €1.3m | €3.8m | €3.1m | €0 | ▼ 100% |
| Contracts in progress37 | €1.3m | €3.8m | €3.1m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.7m | €0.2m | ▼ 61.8% |
| Trade receivables40 | €0.2m | €0.1m | €0.6m | €0.2m | ▼ 69.3% |
| Other amounts receivable41 | - | - | €0.004m | €0.05m | ▲ 11× |
| Cash at bank and in hand54/58 | €0.8m | €0.8m | €0.9m | €0.04m | ▼ 94.9% |
| Deferred charges and accrued income490/1 | €0.009m | €120 | €0 | €0.004m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.3m | €4.8m | €4.6m | €0.3m | ▼ 93.5% |
| Equity10/15 | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 64.9% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 50.0% |
| Capital10 | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 50.0% |
| Issued capital100 | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 50.0% |
| Reserves13 | €0.001m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | €0.001m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | €0.001m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.02m | €0.05m | €0.01m | -€0.1m | - |
| Amounts payable17/49 | €2.2m | €4.6m | €4.5m | €0.3m | ▼ 94.2% |
| Amounts payable after more than one year17 | - | €0.02m | €0.01m | €0.006m | ▼ 56.2% |
| Financial debts170/4 | - | €0.02m | €0.01m | €0.006m | ▼ 56.2% |
| Amounts payable within one year42/48 | €2.2m | €4.6m | €4.5m | €0.3m | ▼ 94.3% |
| Current portion of amounts payable after more than one year42 | - | €0.007m | €0.007m | €0.008m | ▲ 4.6% |
| Trade debts44 | €0.4m | €0.3m | €0.5m | €0.2m | ▼ 54.1% |
| Suppliers440/4 | €0.4m | €0.3m | €0.5m | €0.2m | ▼ 54.1% |
| Advances received on contracts in progress46 | €1.7m | €4.3m | €3.9m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €0.06m | €0.05m | €0.1m | €0.007m | ▼ 93.1% |
| Taxes450/3 | €0.06m | €0.05m | €0.1m | €0.007m | ▼ 93.1% |
| Remuneration and social security454/9 | - | €0.006m | €0 | - | - |
| Other amounts payable47/48 | €0.04m | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | €0.001m | €0.001m | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,942 | €33,075 | -€33,559 | -€124,906 | ▼ 272% |
| + Depreciation and write-downs630 | €799 | €7,528 | €8,098 | €7,360 | ▼ 9.1% |
| Operating cash flow (approximation) | €16,741 | €40,603 | -€25,460 | -€117,547 | ▼ 362% |
| Investment in fixed assets (approximation) | - | -€54,449 | €37,157 | €0 | ▼ 100% |
| Change in cash | - | €9,101 | €67,575 | -€824,335 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 11-06-2026 | 2026-00158824 |
| 31-12-2024 | abbreviated format | 12-06-2025 | 2025-00142008 |
| 31-12-2023 | abbreviated format | 12-06-2024 | 2024-00131197 |
| 31-12-2022 | abbreviated format | 26-06-2023 | 2023-00164578 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €351 awarded · €351 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| BLBC |
|
Owners and capital
Owners
2 ownersOwners 2
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 22-01-2026 Capital increase of €50,000 · to €150,000 · 50,000 new shares · in cash
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
22-01
Gazette deed
Resignation: BLBC (director and managing director)Permanent representatives: LONCKE Olivier, DE MERLIER Koen and BRANKAER Kobe Paula Maurice · Approval · Kind of shares13 facts ▸
- Director resignation, BLBC (director and managing director)
- Permanent representative, LONCKE Olivier
- Board composition, DE ROOS (bestuurder,a bestuurder)
- Board composition, YAMAGUCHI (bestuurder,b bestuurder)
- Permanent representative, DE MERLIER Koen
- Permanent representative, BRANKAER Kobe Paula Maurice
- General meeting, “1850 Grimbergen,Wolvertemsesteenweg 10, buitengewone algemene vergadering” (deed in Dutch)
- Approval, “rechtstreekse en onrechtstreekse wijziging rechten soorten aandelen, goedkeuring verslag raad van bestuur” (deed in Dutch)
- Kind of shares, “B” (deed in Dutch)
- Capital increase, €50,000
- Amendment of the articles, 5
- Amendment of the articles
- +1 further fact in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0771.730.119
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23402E0266/00N007 | Flanders | 572 m² | 1 · 144 m² | 9.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Aannemer van werken en bouwcoördinator, met een bijzondere focus op de oprichting en/of renovatie van vastgoed, waaronder maar niet beperkt…” (deed in Dutch)
47 activities (deed in Dutch)
- Aannemer van werken en bouwcoördinator, met een bijzondere focus op de oprichting en/of renovatie van vastgoed, waaronder maar niet beperkt tot eengezinswoningen en appartementsgebouwen met nevenbestemmingen
- Aankoop, verbouwen, restaureren en verkoop van eigen onroerende goederen
- Verhuur van eigen onroerende goederen
- Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
- Algemene bouw van residentiële gebouwen
- Optrekken van de ruwbouw van individuele huizen
- Bouw van individuele huizen volgens de formule "sleutel op de deur"
- Optrekken van de ruwbouw van gebouwen met celstructuur (appartementsgebouwen, enz.)
- Bouw van appartementen volgens de formule "sleutel op de deur"
- Algemene bouw van andere niet-residentiële gebouwen
- Optrekken van de ruwbouw van gebouwen voor industrieel of commercieel gebruik, van stel- en stapelplaatsen, scholen ziekenhuizen, van gebouwen voor de beoefening van erediensten, cultuur, enz.
- Montage van hangars, loodsen, schuren, silo's enz. voor landbouwdoeleinden
- Slopen van gebouwen en andere bouwwerken
- Elektrotechnische installatiewerken aan gebouwen
- Loodgieterswerk
- Installatie van verwarming, klimaatregeling en ventilatie
- Installatie van stores en zonneschermen
- Stukadoorswerk
- Aanbrengen van pleister- en stukadoorswerk (inclusief het aanbrengen van een hechtgrond) aan de binnen- of buitenzijde van gebouwen en andere bouwwerken
- Montage van buiten- en binnenschrijnwerk van hout of van kunststof: deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enz.
- Installatie van al dan niet verplaatsbare tussenwanden, bekleding van wanden, plafonds, enz. in hout of kunststof
- Installatie van garagepoorten, luiken, zonneblinden, traliewerk, hekken, enz., in hout of kunststof
- Installatie van geblindeerde deuren en brandwerende deuren in hout of kunststof
- Montage van serres, veranda's, enz., in hout of kunststof
- Montage van buiten- en binnenschrijnwerk in metaal: deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enz.
- Installatie van al dan niet verplaatsbare tussenwanden, de bekleding van wanden, plafonds, enz., in metaal
- Installatie van garagepoorten, luiken, zonneblinden, traliewerk, hekken, enz., in metaal
- Installatie van geblindeerde deuren en brandwerende deuren in metaal
- Installatie van binnendeuren, scheidingswanden enz. van glas
- Zagen, schaven en machinaal bewerken van hout
- Afwerken van stoelen en zitmeubels, zoals het stofferen
- Plaatsen van tussenwanden van gipsplaten
- Plaatsen van vloer- en wandtegels
- Plaatsen van vloerbedekking en wandbekleding van hout
- Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
- Schilderen van gebouwen
- Schilderen van het binnen- en buitenwerk van gebouwen
- Glas zetten
- Reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden
- Bouw van daken
- Plaatsen van dakbedekking van ongeacht welk materiaal
- Waterdicht maken van daken en dakterrassen
- Restaureren van bouwwerken
- Toezien op de bouwwerkzaamheden (ruwbouw, installatie, afwerking, enz.)
- Renovatie en restauratie van meubels
- Vervaardiging van deuren, ramen, kozijnen, luiken, jaloezieën, plinten, staaflijsten, enz., uit kunststof
- Montage van serres, veranda's enzovoort in metaal
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MANO CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad van bestuur, 3” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Dezelfde rechten en plichten, aandeelhoudersovereenkomst tussen aandeelhouders en vennootschap” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht van aandelen, in statuten opgelegde regelingen gelden” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 11:30
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding bepaalt algemene vergadering wijze vereffening overeenkomstig wettelijke bepalingen, bij gebreke benoeming vereffenaars wordt…” (deed in Dutch)