MANOLAVA
ActiveMANOLAVA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €246k and a net result of €120k. Equity is growing by ~40.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 4060 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency16▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.89 in 2024), and 90.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
9.4%
Return on assets
4.6%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4060 sector peers (2025).
NBB · sector comparisonPosition among 4060 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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 · 10 filingsDeviation from the deadline
2025
5 d late
2024
6 d late
2023
30 d late
2022
4 d early
2021
26 d early
2020
9 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
08-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€120k▲ 92.1%
2024 · €63k
2018: €-235k
2019: €-129k
2020: €494k
2021: €27k
2022: €-127k
2023: €27k
2024: €63k
2018 → 2025
Working capital
€-163k▲ 41.2%
2024 · €-277k
2018: €-606k
2019: €-431k
2020: €52k
2021: €-51k
2022: €-263k
2023: €-275k
2024: €-277k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€162k-€35k▼ 78.2%€63k▲ 77.7%€125k▲ 99.5%€246k▲ 95.8%
Operating result€120k-€-43k€139k€216k▲ 56.3%€268k▲ 23.8%
Net result€27k-€-127k€27k€63k▲ 128%€120k▲ 92.1%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 24% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.62M
Fixed assets
€762k▼ 1.9%
Current assets
€1.86M▼ 15.4%
Equity and liabilities €2.62M
Equity
€246k▲ 95.8%
Debt
€2.38M▼ 16.6%
The debt ratio falls from 95.8% to 90.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€528k▲
2024 · €510k
Cash flow
€380k▲
2024 · €356k
Solvency
9.4%▲
2024 · 4.2%
Current ratio
0.92▲
2024 · 0.89
Quick ratio
0.47▼
2024 · 0.57
Debt / equity
9.68▼
2024 · 22.73
ROE
48.9%▼
2024 · 49.9%
ROA
4.6%▲
2024 · 2.1%
Interest coverage
4.95▲
2024 · 4.57
Debt
€2.38M▼
2024 · €2.85M
Debt ≤ 1 year
€2.02M▼
2024 · €2.48M
Debt > 1 year
€352k▲
2024 · €231k
Income taxes
€44k▲
2024 · €22k
Staff costs
€1.36M▼
2024 · €1.47M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.98M€2.62M▼
Fixed assets21/28€777k€762k▼
Tangible fixed assets22/27€725k€704k▼
Land and buildings22€257k€253k▼
Plant, machinery and equipment23€395k€337k▼
Furniture and vehicles24€70k€111k▲
Leasing and similar rights25€4k€3k▼
Financial fixed assets28€51k€57k▲
Current assets29/58€2.20M€1.86M▼
Stocks and contracts in progress3€787k€900k▲
Stocks30/36€787k€900k▲
Amounts receivable within one year40/41€309k€509k▲
Trade receivables40€137k€252k▲
Other amounts receivable41€172k€256k▲
Cash at bank and in hand54/58€1.09M€448k▼
Deferred charges and accrued income490/1€18k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.98M€2.62M▼
Equity10/15€125k€246k▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€86k€96k▲
Non-distributable reserves130/1€1k€6k▲
Legal reserve130€1k€6k▲
Tax-exempt reserves132€84k€0▼
Distributable reserves133-€90k
Profit (loss) carried forward14€-110k€0▲
Amounts payable17/49€2.85M€2.38M▼
Amounts payable after more than one year17€231k€352k▲
Financial debts170/4€228k€349k▲
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€2.48M€2.02M▼
Current portion of amounts payable after more than one year42€321k€247k▼
Financial debts43€99k€131k▲
Credit institutions430/8€99k€131k▲
Trade debts44€1.85M€1.49M▼
Suppliers440/4€1.85M€1.49M▼
Taxes, remuneration and social security45€207k€156k▼
Remuneration and social security454/9€207k€156k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€143k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€2k€3k▲
Remuneration, social security and pensions62€1.47M€1.36M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€293k€259k▼
Other operating charges640/8€41k€82k▲
Non-recurring operating charges66A€7k€63▼
Gross operating margin9900€2.02M€1.97M▼
Operating profit (loss)9901€216k€268k▲
Financial income75/76B€6k€26k▲
Recurring financial income75€6k€26k▲
Financial charges65/66B€138k€130k▼
Recurring financial charges65€112k€107k▼
Non-recurring financial charges66B€26k€23k▼
Profit (loss) for the period before taxes9903€85k€164k▲
Income taxes67/77€22k€44k▲
Profit (loss) for the period9904€63k€120k▲
Transfer from tax-exempt reserves789€8k€84k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€71k€204k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€94k▲
Profit (loss) brought forward from the previous period14P€-181k€-110k▲
Transfer to equity691/2-€94k
To the legal reserve6920-€5k
To other reserves6921-€90k
Social balance
Average headcount (FTE)908733.230.9▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 5 days late
2025
31-12
Financial
Equity above €200kEq €246k ▲95.8%
3 profitable years in a row build equity to €246k.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
31-12
Financial
Equity above €100kEq €125k ▲99.5%
2 profitable years in a row build equity to €125k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €162k ▲20.4%
2 profitable years in a row build equity to €162k.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €494k
Net result €494k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €135k
Equity rises from €-359k to €135k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 directors, last change in 2024
Vincent Debusschère
CurrentDirector · since 05-09-2024
05-09-2024
Vincent Debusschère: Appointed as Director
05-09-2024
Amélie RONSE: Resigned as Director
05-09-2024
Kevin RONSE: Resigned as Director
Not every act has been read: a resignation may be missing here
5 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Estaimpuis · 1 establishment unit since 2015
Ground area
4.7 ha
Building footprint
3,370 m²
Volume, LiDAR
24,609 m³
Parcel 57028A0489/00F000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INTERMARCHE ESTAIMPUIS
since 20152.242.923.179
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57028A0489/00F000 | Wallonia | 4.7 ha | 1 · 3,370 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 10,397 companies in sector 47110 we hold annual accounts for 5,778. 3,963 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-06-2015
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47115Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.