MANOH
ActiveSummary
The computed 12-month bankruptcy probability of MANOH is 3.0% (moderate). The 2024 annual accounts show equity of €805k and a net result of €617k. Its solvency ranks better than 55% of 6720 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+7
Solvency67▲+20
Growth78
Track record86
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 2.26 in 2023; short-term debt: 57.8% and cash: 58.8% of total assets), but 57.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.2%
Return on assets
32.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
42 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address strikeout annulled
Financials · fiscal year 2024, micro schema
Equity
€805k▲ 329%
2023 · €187k
Total assets
€1.90M▲ 128%
2023 · €835k
Net result
€617k▲ 280%
2023 · €162k
Working capital
€785k▲ 72.0%
2023 · €456k
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
Line20232024
Operating result€206k-€804k▲ 290%
Net result€162k-€617k▲ 280%
Equity€187k-€805k▲ 329%
Total assets€835k-€1.90M▲ 128%
Debt€648k-€1.10M▲ 69.8%
Working capital€456k-€785k▲ 72.0%
Staff (FTE)85.2
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 290% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.90M
Fixed assets
€20k ▲ 16.8%
Current assets
€1.89M ▲ 130%
Equity and liabilities €1.90M
Equity
€805k ▲ 329%
Debt
€1.10M ▲ 69.8%
Debt's share of the balance-sheet total falls from 77.6% to 57.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€809k▲
2023 · €211k
Cash flow
€623k▲
2023 · €167k
Current ratio
1.71▼
2023 · 2.26
Debt to equity
1.37▼
2023 · 3.46
ROE
76.7%▼
2023 · 86.7%
ROA
32.4%▲
2023 · 19.4%
Interest coverage
385.82▼
2023 · 406.48
Debt ≤ 1 year
€1.10M▲
2023 · €362k
Income taxes
€202k▲
2023 · €49k
Staff costs
€3.88M▲
2023 · €1.36M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €1.36M | €3.88M | ▲ 185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | ▲ 16.3% |
| Other operating charges640/8 | €3k | €16k | ▲ 471% |
| Gross operating margin9900 | €1.57M | €4.70M | ▲ 199% |
| Operating profit (loss)9901 | €206k | €804k | ▲ 290% |
| Financial income75/76B | €6k | €18k | ▲ 204% |
| Recurring financial income75 | €4k | €18k | ▲ 339% |
| Non-recurring financial income76B | €2k | - | - |
| Financial charges65/66B | €518 | €2k | ▲ 305% |
| Recurring financial charges65 | €518 | €2k | ▲ 305% |
| Profit (loss) for the period before taxes9903 | €211k | €819k | ▲ 288% |
| Income taxes67/77 | €49k | €202k | ▲ 314% |
| Profit (loss) for the period9904 | €162k | €617k | ▲ 280% |
| Profit (loss) for the period to be appropriated9905 | €162k | €617k | ▲ 280% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €835k | €1.90M | ▲ 128% |
| Fixed assets21/28 | €17k | €20k | ▲ 16.8% |
| Tangible fixed assets22/27 | €10k | €12k | ▲ 29.4% |
| Plant, machinery and equipment23 | - | €7k | - |
| Furniture and vehicles24 | €10k | €6k | ▼ 40.2% |
| Financial fixed assets28 | €7k | €7k | = |
| Current assets29/58 | €819k | €1.89M | ▲ 130% |
| Amounts receivable after more than one year29 | - | €8k | - |
| Trade receivables290 | - | €8k | - |
| Amounts receivable within one year40/41 | €353k | €757k | ▲ 114% |
| Trade receivables40 | €139k | €198k | ▲ 42.4% |
| Other amounts receivable41 | €214k | €560k | ▲ 161% |
| Cash at bank and in hand54/58 | €465k | €1.12M | ▲ 141% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €835k | €1.90M | ▲ 128% |
| Equity10/15 | €187k | €805k | ▲ 329% |
| Contributions10/11 | €25k | €25k | = |
| Profit (loss) carried forward14 | €162k | €780k | ▲ 380% |
| Amounts payable17/49 | €648k | €1.10M | ▲ 69.8% |
| Amounts payable within one year42/48 | €362k | €1.10M | ▲ 204% |
| Trade debts44 | €116k | €260k | ▲ 124% |
| Suppliers440/4 | €116k | €260k | ▲ 124% |
| Taxes, remuneration and social security45 | €246k | €840k | ▲ 241% |
| Taxes450/3 | €67k | €275k | ▲ 311% |
| Remuneration and social security454/9 | €179k | €565k | ▲ 215% |
| Accrued charges and deferred income492/3 | €286k | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €162k | €617k | ▲ 280% |
| + Depreciation and write-downs630 | €5k | €6k | ▲ 16.3% |
| Operating cash flow (approximation) | €167k | €623k | ▲ 272% |
| Investment in fixed assets (approximation) | - | €-8k | - |
| Change in cash | - | €655k | - |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
08-08
KBO administration
Address strikeout annulled
2024
31-12
Financial
Equity above €500kEq €805k ▲329%
2 profitable years in a row build equity to €805k.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merchtem · 1 establishment unit since 2023
Ground area
6,034 m²
Building footprint
2,745 m²
Volume, LiDAR
13,442 m³
2 parcels, Flanders · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MANOH
since 20232.343.876.623
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0172/00X003 | Flanders | 4,067 m² | 1 · 2,254 m² | 7.8 m · 2 fl. |
| 23602I0172/00S003 | Flanders | 1,967 m² | 1 · 491 m² | 14.6 m · 1 fl. |
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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
DE WEST-HOEK
BE 0432.653.058
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TRANSDEMA
BE 0461.828.678
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VDRT
BE 0550.964.750
Genappe · Eq €805,486
DHONDT LOGISTICS
BE 0466.244.059
Mouscron · Eq €803,479
LINITRANS
BE 0478.677.380
Diksmuide · Eq €803,369
Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 4,476 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
Founded12-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
52250Logistics services
Contact
Website
www.manoh.be
Scores and ratios are computed by Checked and are not a credit decision.