MANOFEX
ActiveSummary
MANOFEX has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,966 and a net result of €44,024. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 57% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-10
Solvency85▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.47 in 2024; short-term debt: 38.6% and cash: 5.8% of total assets), and 40.1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
59.9%
Return on assets
16.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
74 d early
2023
13 d early
2022
85 d early
2021
67 d early
2020
46 d early
2019
80 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 56 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€161,966▲ 37.3%
2024 · €117,942
Total assets
€270,231▲ 15.8%
2024 · €233,424
Net result
€44,024▼ 6.0%
2024 · €46,816
Working capital
-€17,222▲ 69.4%
2024 · -€56,294
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,528▲ 118%-€100,194€73,144€71,048▼ 2.9%€70,002▼ 1.5%
Net result€2,517below the sector's middle half-€108,909below the sector's middle half€49,934within the sector's middle half€46,816within the sector's middle half▼ 6.2%€44,024within the sector's middle half▼ 6.0%
Equity€45,102below the sector's middle half▲ 5.9%€21,193below the sector's middle half▼ 53.0%€71,126below the sector's middle half▲ 236%€117,942within the sector's middle half▲ 65.8%€161,966within the sector's middle half▲ 37.3%
Total assets€310,100below the sector's middle half▼ 2.0%€187,404below the sector's middle half▼ 39.6%€203,575below the sector's middle half▲ 8.6%€233,424below the sector's middle half▲ 14.7%€270,231below the sector's middle half▲ 15.8%
Debt€264,999▼ 3.2%€166,211▼ 37.3%€132,448▼ 20.3%€115,482▼ 12.8%€108,265▼ 6.2%
Working capital-€187,195▼ 3.0%-€109,302▲ 41.6%-€79,946▲ 26.9%-€56,294▲ 29.6%-€17,222▲ 69.4%
Solvency14.5%below the sector's middle half▲ 1.1pp11.3%below the sector's middle half▼ 3.2pp34.9%within the sector's middle half▲ 23.6pp50.5%within the sector's middle half▲ 15.6pp59.9%within the sector's middle half▲ 9.4pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270,231
Fixed assets
€183,167 =
Current assets
€87,064 ▲ 73.2%
Equity and liabilities €270,231
Equity
€161,966 ▲ 37.3%
Debt
€108,265 ▼ 6.2%
Debt's share of the balance-sheet total falls from 49.5% to 40.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.83▲
2024 · 0.47
Debt to equity
0.67▼
2024 · 0.98
ROE
27.2%▼
2024 · 39.7%
ROA
16.3%▼
2024 · 20.1%
Debt ≤ 1 year
€104,286▼
2024 · €106,551
Debt > 1 year
€0▼
2024 · €6,003
Income taxes
€20,848▲
2024 · €17,969
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 | - | - | €10,500 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,168 | €679 | €0 | - | - | - |
| Other operating charges640/8 | - | €1,295 | €1,556 | €1,406 | €1,412 | ▲ 0.4% |
| Non-recurring operating charges66A | - | €122,833 | €0 | - | - | - |
| Gross operating margin9900 | €11,982 | €24,613 | €74,701 | €72,454 | €71,414 | ▼ 1.4% |
| Operating profit (loss)9901 | €7,528 | -€100,194 | €73,144 | €71,048 | €70,002 | ▼ 1.5% |
| Financial income75/76B | - | - | - | €142 | €2,033 | ▲ 1,328% |
| Recurring financial income75 | - | - | - | €142 | €2,033 | ▲ 1,328% |
| Financial charges65/66B | - | €1,111 | €5,368 | €6,405 | €7,163 | ▲ 11.8% |
| Recurring financial charges65 | €1,356 | €1,111 | €5,368 | €6,405 | €7,163 | ▲ 11.8% |
| Profit (loss) for the period before taxes9903 | €6,172 | -€101,305 | €67,777 | €64,785 | €64,873 | ▲ 0.1% |
| Income taxes67/77 | €3,655 | €7,604 | €17,843 | €17,969 | €20,848 | ▲ 16.0% |
| Profit (loss) for the period9904 | €2,517 | -€108,909 | €49,934 | €46,816 | €44,024 | ▼ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €2,517 | -€108,909 | €49,934 | €46,816 | €44,024 | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €310,100 | €187,404 | €203,575 | €233,424 | €270,231 | ▲ 15.8% |
| Fixed assets21/28 | €306,679 | €183,167 | €183,167 | €183,167 | €183,167 | = |
| Tangible fixed assets22/27 | €679 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €306,000 | €183,167 | €183,167 | €183,167 | €183,167 | = |
| Current assets29/58 | €3,422 | €4,237 | €20,408 | €50,257 | €87,064 | ▲ 73.2% |
| Amounts receivable within one year40/41 | - | - | €18,733 | €41,462 | €70,982 | ▲ 71.2% |
| Trade receivables40 | - | - | €18,733 | €16,335 | €16,335 | = |
| Other amounts receivable41 | - | - | - | €25,127 | €54,647 | ▲ 117% |
| Cash at bank and in hand54/58 | €3,422 | €4,237 | €1,388 | €8,329 | €15,649 | ▲ 87.9% |
| Deferred charges and accrued income490/1 | - | - | €287 | €465 | €434 | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €310,100 | €187,404 | €203,575 | €233,424 | €270,231 | ▲ 15.8% |
| Equity10/15 | €45,102 | €21,193 | €71,126 | €117,942 | €161,966 | ▲ 37.3% |
| Contributions10/11 | - | €91,200 | €91,200 | €91,200 | €91,200 | = |
| Reserves13 | €42,508 | €42,508 | €42,508 | €42,508 | €70,766 | ▲ 66.5% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €42,508 | €42,508 | €42,508 | €70,766 | ▲ 66.5% |
| Profit (loss) carried forward14 | -€3,606 | -€112,515 | -€62,581 | -€15,766 | €0 | ▲ 100% |
| Amounts payable17/49 | €264,999 | €166,211 | €132,448 | €115,482 | €108,265 | ▼ 6.2% |
| Amounts payable after more than one year17 | €73,662 | €51,270 | €29,362 | €6,003 | €0 | ▼ 100% |
| Financial debts170/4 | - | €51,270 | €29,362 | €6,003 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €190,617 | €113,539 | €100,354 | €106,551 | €104,286 | ▼ 2.1% |
| Current portion of amounts payable after more than one year42 | - | €22,392 | €22,344 | €23,359 | €6,003 | ▼ 74.3% |
| Financial debts43 | - | - | - | €12,544 | €15,034 | ▲ 19.9% |
| Credit institutions430/8 | - | - | - | €12,544 | €15,034 | ▲ 19.9% |
| Trade debts44 | €242 | €109 | €617 | €1,652 | €1,949 | ▲ 17.9% |
| Suppliers440/4 | - | €109 | €617 | €1,652 | €1,949 | ▲ 17.9% |
| Taxes, remuneration and social security45 | - | €14,866 | €16,997 | €11,352 | €10,651 | ▼ 6.2% |
| Taxes450/3 | - | €11,616 | €14,747 | €9,102 | €8,401 | ▼ 7.7% |
| Remuneration and social security454/9 | - | €3,250 | €2,250 | €2,250 | €2,250 | = |
| Other amounts payable47/48 | - | €76,172 | €60,396 | €57,644 | €70,649 | ▲ 22.6% |
| Accrued charges and deferred income492/3 | - | €1,401 | €2,732 | €2,928 | €3,979 | ▲ 35.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,517 | -€108,909 | €49,934 | €46,816 | €44,024 | ▼ 6.0% |
| + Depreciation and write-downs630 | €3,168 | €679 | €0 | - | - | - |
| Operating cash flow (approximation) | €5,685 | -€108,230 | €49,934 | €46,816 | €44,024 | ▼ 6.0% |
| Investment in fixed assets (approximation) | - | €122,833 | €0 | €0 | €0 | - |
| Change in cash | - | €815 | -€2,849 | €6,941 | €7,320 | ▲ 5.5% |
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
22-06
State Gazette act
RestructuringMerger · Accounting effect2 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect2 facts ▸
- Merger, met fusie door overneming gelijkgestelde verrichting
- Accounting effect, 01-07-2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Equity above €150,000Eq €161,966 ▲37.3%
3 profitable years in a row build equity to €161,966.
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Equity above €100,000Eq €117,942 ▲65.8%
2 profitable years in a row build equity to €117,942.
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €49,934
Net result €49,934 after one loss-making year.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€108,909
Net result drops to -€108,909, the lowest in the series; recovery starts the following year.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Back to profitnet €2,517
Net result €2,517 after one loss-making year.
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
22-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2011
Ground area
1,050 m²
Building footprint
199 m²
Volume, LiDAR
1,210 m³
Parcel 71303C0276/00E000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MANOFEX
since 20112.202.753.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71303C0276/00E000 | Flanders | 1,050 m² | 1 · 199 m² | 9.3 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.
Structure & network
Owners and holdings
1 holding · 3 subsidiaries in the treeOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
55%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
MTF Group 55%2 subsidiaries
According to the annual accounts to 30-06-2025 of MANOFEX and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:MTF Group
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 40,741 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
Founded31-08-2011
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0838985068
Registered
28-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.