MANOHA
ActiveSummary
MANOHA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.39M and a net result of €1.02M. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 725 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency61▼-39
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 7.3 in 2023; short-term debt: 63.8% and cash: 0.6% of total assets), but 64.2% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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 2024Solvency, return and age of the figures
Solvency
35.8%
Return on assets
26.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
26 d early
2022
34 d early
2021
40 d early
2020
60 d early
2019
84 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.02M▲ 5.5%
2023 · €968k
2018: €4k
2019: €-75k▼ -1990% vs 2018lowest in 7 years
2020: €-50k▲ +33.3% vs 2019
2021: €277k▲ +654% vs 2020
2022: €717k▲ +159% vs 2021
2023: €968k▲ +34.9% vs 2022
2024: €1.02M▲ +5.5% vs 2023highest in 7 years
2018 → 2024
Working capital
€1.33M▼ 43.1%
2023 · €2.33M
2018: €404k
2019: €338k▼ -16.2% vs 2018
2020: €319k▼ -5.8% vs 2019lowest in 7 years
2021: €641k▲ +101% vs 2020
2022: €1.36M▲ +112% vs 2021
2023: €2.33M▲ +71.4% vs 2022highest in 7 years
2024: €1.33M▼ -43.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€408k-€686k▲ 67.9%€1.40M▲ 105%€2.37M▲ 69.0%€1.39M▼ 41.3%
2020: €408klowest in 5 years
2021: €686k▲ +67.9% vs 2020
2022: €1.40M▲ +105% vs 2021
2023: €2.37M▲ +69.0% vs 2022highest in 5 years
2024: €1.39M▼ -41.3% vs 2023
Operating result€-39k-€360k€963k▲ 167%€1.21M▲ 25.3%€1.22M▲ 0.9%
2020: €-39klowest in 5 years
2021: €360k▲ +1019% vs 2020
2022: €963k▲ +167% vs 2021
2023: €1.21M▲ +25.3% vs 2022
2024: €1.22M▲ +0.9% vs 2023highest in 5 years
Net result€-50k-€277k€717k▲ 159%€968k▲ 34.9%€1.02M▲ 5.5%
2020: €-50klowest in 5 years
2021: €277k▲ +654% vs 2020
2022: €717k▲ +159% vs 2021
2023: €968k▲ +34.9% vs 2022
2024: €1.02M▲ +5.5% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.89M
Fixed assets
€78k ▲ 24.6%
Current assets
€3.81M ▲ 40.9%
Equity and liabilities €3.89M
Equity
€1.39M ▼ 41.3%
Debt
€2.50M ▲ 533%
Debt's share of the balance-sheet total rises from 14.3% to 64.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.25M▲
2023 · €1.23M
Cash flow
€1.05M▲
2023 · €995k
Current ratio
1.53▼
2023 · 7.30
Quick ratio
1.53▼
2023 · 7.27
Debt to equity
1.79▲
2023 · 0.17
ROE
73.4%▲
2023 · 40.8%
ROA
26.3%▼
2023 · 35.0%
Interest coverage
430.80▲
2023 · 233.14
Debt ≤ 1 year
€2.48M▲
2023 · €370k
Income taxes
€346k▲
2023 · €331k
Staff costs
€1.44M▲
2023 · €1.06M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.77M€3.89M▲
Fixed assets21/28€63k€78k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€61k€76k▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€4k€36k▲
Leasing and similar rights25€0-
Other tangible fixed assets26€57k€41k▼
Financial fixed assets28€2k€2k=
Current assets29/58€2.70M€3.81M▲
Stocks and contracts in progress3€10k€15k▲
Stocks30/36€10k€15k▲
Amounts receivable within one year40/41€2.66M€3.77M▲
Trade receivables40€290k€398k▲
Other amounts receivable41€2.37M€3.37M▲
Cash at bank and in hand54/58€26k€25k▼
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.77M€3.89M▲
Equity10/15€2.37M€1.39M▼
Contributions10/11€19k€19k=
Reserves13€103k€103k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€102k€102k=
Profit (loss) carried forward14€2.25M€1.27M▼
Amounts payable17/49€394k€2.50M▲
Amounts payable after more than one year17€21k-
Financial debts170/4€21k-
Amounts payable within one year42/48€370k€2.48M▲
Current portion of amounts payable after more than one year42€32k€0▼
Trade debts44€111k€161k▲
Suppliers440/4€111k€161k▲
Taxes, remuneration and social security45€227k€321k▲
Taxes450/3€67k€80k▲
Remuneration and social security454/9€160k€241k▲
Other amounts payable47/48-€2.00M
Accrued charges and deferred income492/3€4k€13k▲
Income statement
Code20232024
Remuneration, social security and pensions62€1.06M€1.44M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€33k▲
Other operating charges640/8€34k€39k▲
Non-recurring operating charges66A€376€10k▲
Gross operating margin9900€2.33M€2.74M▲
Operating profit (loss)9901€1.21M€1.22M▲
Financial income75/76B€98k€152k▲
Recurring financial income75€98k€152k▲
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€1.30M€1.37M▲
Income taxes67/77€331k€346k▲
Profit (loss) for the period9904€968k€1.02M▲
Profit (loss) for the period to be appropriated9905€968k€1.02M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.25M€3.27M▲
Profit (loss) brought forward from the previous period14P€1.28M€2.25M▲
Profit to be distributed694/7-€2.00M
Return on contributions (dividend)694-€2.00M
Social balance
Average headcount (FTE)908722.728.7▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €976k | €1.01M | €1.06M | €1.44M | ▲ 35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €177k | €135k | €118k | €27k | €33k | ▲ 20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €38 | - | - | - | - |
| Other operating charges640/8 | - | €39k | €44k | €34k | €39k | ▲ 15.6% |
| Non-recurring operating charges66A | - | €4k | €18k | €376 | €10k | ▲ 2,628% |
| Gross operating margin9900 | €1.07M | €1.51M | €2.15M | €2.33M | €2.74M | ▲ 17.6% |
| Operating profit (loss)9901 | €-39k | €360k | €963k | €1.21M | €1.22M | ▲ 0.9% |
| Financial income75/76B | - | €992 | €19k | €98k | €152k | ▲ 55.6% |
| Recurring financial income75 | €170 | €992 | €19k | €98k | €152k | ▲ 55.6% |
| Financial charges65/66B | - | €11k | €5k | €5k | €3k | ▼ 45.2% |
| Recurring financial charges65 | €11k | €11k | €5k | €5k | €3k | ▼ 45.2% |
| Profit (loss) for the period before taxes9903 | €-50k | €350k | €977k | €1.30M | €1.37M | ▲ 5.2% |
| Income taxes67/77 | €173 | €73k | €259k | €331k | €346k | ▲ 4.4% |
| Profit (loss) for the period9904 | €-50k | €277k | €717k | €968k | €1.02M | ▲ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €-50k | €277k | €717k | €968k | €1.02M | ▲ 5.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.07M | €1.15M | €1.75M | €2.77M | €3.89M | ▲ 40.6% |
| Fixed assets21/28 | €336k | €198k | €90k | €63k | €78k | ▲ 24.6% |
| Intangible fixed assets21 | €973 | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €332k | €195k | €88k | €61k | €76k | ▲ 25.3% |
| Plant, machinery and equipment23 | - | €1k | - | €0 | €0 | - |
| Furniture and vehicles24 | - | €4k | €8k | €4k | €36k | ▲ 825% |
| Leasing and similar rights25 | - | €101k | €6k | €0 | - | - |
| Other tangible fixed assets26 | - | €89k | €74k | €57k | €41k | ▼ 28.9% |
| Financial fixed assets28 | €3k | €3k | €2k | €2k | €2k | = |
| Current assets29/58 | €731k | €955k | €1.66M | €2.70M | €3.81M | ▲ 40.9% |
| Stocks and contracts in progress3 | €10k | €11k | €12k | €10k | €15k | ▲ 41.7% |
| Stocks30/36 | - | €11k | €12k | €10k | €15k | ▲ 41.7% |
| Amounts receivable within one year40/41 | €519k | €897k | €1.61M | €2.66M | €3.77M | ▲ 41.6% |
| Trade receivables40 | - | €240k | €251k | €290k | €398k | ▲ 37.2% |
| Other amounts receivable41 | - | €657k | €1.36M | €2.37M | €3.37M | ▲ 42.2% |
| Cash at bank and in hand54/58 | €160k | €37k | €26k | €26k | €25k | ▼ 4.9% |
| Deferred charges and accrued income490/1 | - | €9k | €8k | €6k | €2k | ▼ 60.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.07M | €1.15M | €1.75M | €2.77M | €3.89M | ▲ 40.6% |
| Equity10/15 | €408k | €686k | €1.40M | €2.37M | €1.39M | ▼ 41.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €103k | €103k | €103k | €103k | €103k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €100k | €100k | €102k | €102k | = |
| Profit (loss) carried forward14 | €287k | €564k | €1.28M | €2.25M | €1.27M | ▼ 43.5% |
| Amounts payable17/49 | €659k | €468k | €345k | €394k | €2.50M | ▲ 533% |
| Amounts payable after more than one year17 | €242k | €76k | €42k | €21k | - | - |
| Financial debts170/4 | - | €76k | €42k | €21k | - | - |
| Amounts payable within one year42/48 | €412k | €314k | €297k | €370k | €2.48M | ▲ 570% |
| Current portion of amounts payable after more than one year42 | - | €64k | €34k | €32k | €0 | ▼ 100% |
| Trade debts44 | €50k | €63k | €84k | €111k | €161k | ▲ 44.6% |
| Suppliers440/4 | - | €63k | €84k | €111k | €161k | ▲ 44.6% |
| Taxes, remuneration and social security45 | - | €188k | €178k | €227k | €321k | ▲ 41.4% |
| Taxes450/3 | - | €32k | €33k | €67k | €80k | ▲ 19.0% |
| Remuneration and social security454/9 | - | €156k | €145k | €160k | €241k | ▲ 50.8% |
| Other amounts payable47/48 | - | - | - | - | €2.00M | - |
| Accrued charges and deferred income492/3 | - | €77k | €6k | €4k | €13k | ▲ 283% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-50k | €277k | €717k | €968k | €1.02M | ▲ 5.5% |
| + Depreciation and write-downs630 | €177k | €135k | €118k | €27k | €33k | ▲ 20.9% |
| Operating cash flow (approximation) | €127k | €412k | €835k | €995k | €1.05M | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | €3k | €-10k | €0 | €-49k | - |
| Change in cash | - | €-123k | €-11k | €139 | €-1k | ▼ 1,044% |
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
2026
24-09
State Gazette act
Permanent representative: Anne-Laure Jacques1 fact ▸
State Gazette act
Permanent representative: Anne-Laure Jacques
1 fact ▸
- Permanent representative, Anne-Laure Jacques (permanent representative)
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.02M ▲5.5%
Operating result €1.22M, net result €1.02M, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €2MEq €2.37M ▲69%
3 profitable years in a row build equity to €2.37M.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.40M ▲105%
2 profitable years in a row build equity to €1.40M.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €277k
Net result €277k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €686k ▲67.9%
Equity rises from €408k to €686k.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 84 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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, Péruwelz · 1 establishment unit since 2007
Ground area
3,698 m²
Building footprint
2,039 m²
Parcel 57064C0264/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MANOHA
since 20072.162.983.204
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57064C0264/00M000 | Wallonia | 3,698 m² | 1 · 2,039 m² | - |
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 3,188 companies in sector 52250 we hold annual accounts for 1,954. 1,132 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
Founded30-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
53200Other postal and courier activities
49410Freight transport by road
52100Warehousing and storage
Scores and ratios are computed by Checked and are not a credit decision.