MANOLIA
ActiveSummary
MANOLIA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €621,538 and a net result of €218,537. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 18% of 4231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-6
Solvency32▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.53 in 2024; short-term debt: 20.9% and cash: 5.2% of total assets), and 92.9% of the assets are financed with debt.
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Signals
Six 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
Retail trade (NACE 47)
about 45% 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 2025Solvency, return and age of the figures
Solvency
7.1%
Return on assets
2.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4231 sector peers (2025).
NBB · sector comparisonPosition among 4231 sector peers
Solvency
better than 18%
← weakest
strongest →
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 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
21 d early
2023
85 d early
2022
70 d early
2021
1 d late
2020
12 d late
2019
25 d late
← 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 23 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 9 January (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Mettet, Wholesale and retail trade sector#7 employer in Mettet
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€218,537▲ 14.1%
2024 · €191,488
Working capital
-€667,265▲ 23.6%
2024 · -€873,267
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€528,451▲ 47.2%€288,585▼ 45.4%€440,041▲ 52.5%€442,431▲ 0.5%€614,387▲ 38.9%
Net result€517,439above the sector's middle half▲ 53.2%€270,769above the sector's middle half▼ 47.7%€372,511above the sector's middle half▲ 37.6%€191,488above the sector's middle half▼ 48.6%€218,537above the sector's middle half▲ 14.1%
Equity€273,232within the sector's middle half▲ 6.8%€309,001within the sector's middle half▲ 13.1%€431,513within the sector's middle half▲ 39.6%€523,001within the sector's middle half▲ 21.2%€621,538within the sector's middle half▲ 18.8%
Total assets€2.0mwithin the sector's middle half▲ 15.4%€2.1mwithin the sector's middle half▲ 8.2%€2.1mwithin the sector's middle half▼ 0.5%€8.8mabove the sector's middle half▲ 318%€8.7mabove the sector's middle half▼ 1.7%
Debt€1.7m▲ 16.9%€1.8m▲ 7.5%€1.7m▼ 7.3%€8.3m▲ 394%€8.1m▼ 3.0%
Working capital-€114,120below the sector's middle half-€148,048below the sector's middle half▼ 29.7%-€86,153below the sector's middle half▲ 41.8%-€873,267below the sector's middle half▼ 914%-€667,265below the sector's middle half▲ 23.6%
Solvency13.9%within the sector's middle half▼ 1.1pp14.5%within the sector's middle half▲ 0.6pp20.4%within the sector's middle half▲ 5.9pp5.9%below the sector's middle half▼ 14.5pp7.1%below the sector's middle half▲ 1.2pp
Current ratio0.89below the sector's middle half▼ 0.150.86below the sector's middle half▼ 0.020.92below the sector's middle half▲ 0.060.53below the sector's middle half▼ 0.390.63below the sector's middle half▲ 0.10
Return on assets (ROA)26.3%above the sector's middle half▲ 6.5pp12.7%above the sector's middle half▼ 13.6pp17.6%above the sector's middle half▲ 4.9pp2.2%within the sector's middle half▼ 15.4pp2.5%within the sector's middle half▲ 0.3pp
Staff (FTE)14.8above the sector's middle half▼ 39.8%16.1above the sector's middle half▲ 8.8%15.7above the sector's middle half▼ 2.5%18.1above the sector's middle half▲ 15.3%23above the sector's middle half▲ 27.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.7m
Fixed assets
€7.5m ▼ 4.0%
Current assets
€1.1m ▲ 16.7%
Equity and liabilities €8.7m
Equity
€621,538 ▲ 18.8%
Debt
€8.1m ▼ 3.0%
Debt's share of the balance-sheet total falls from 94.1% to 92.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€935,443▲
2024 · €674,948
Cash flow
€539,592▲
2024 · €424,006
Quick ratio
0.32▲
2024 · 0.25
Debt to equity
12.99▼
2024 · 15.91
ROE
35.2%▼
2024 · 36.6%
Interest coverage
2.92▼
2024 · 3.67
Debt ≤ 1 year
€1.8m▼
2024 · €1.9m
Debt > 1 year
€6.2m▼
2024 · €6.5m
Income taxes
€77,634▲
2024 · €68,812
Staff costs
€939,975▲
2024 · €879,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
2.1%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 1,448 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €514,995 | €528,600 | €879,890 | €939,975 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €150,130 | €129,319 | €131,298 | €232,517 | €321,055 | ▲ 38.1% |
| Other operating charges640/8 | - | €4,532 | €8,675 | €79,044 | €117,905 | ▲ 49.2% |
| Gross operating margin9900 | €1.2m | €937,431 | €1.1m | €1.6m | €2.0m | ▲ 22.0% |
| Operating profit (loss)9901 | €528,451 | €288,585 | €440,041 | €442,431 | €614,387 | ▲ 38.9% |
| Financial income75/76B | - | €3,102 | €726 | €1,686 | €1,849 | ▲ 9.7% |
| Recurring financial income75 | €3,660 | €3,102 | €726 | €1,686 | €1,849 | ▲ 9.7% |
| Financial charges65/66B | - | €20,637 | €22,938 | €183,816 | €320,066 | ▲ 74.1% |
| Recurring financial charges65 | €13,123 | €20,637 | €22,938 | €183,816 | €320,066 | ▲ 74.1% |
| Profit (loss) for the period before taxes9903 | €518,988 | €271,050 | €417,828 | €260,301 | €296,171 | ▲ 13.8% |
| Income taxes67/77 | €1,549 | €281 | €45,317 | €68,812 | €77,634 | ▲ 12.8% |
| Profit (loss) for the period9904 | €517,439 | €270,769 | €372,511 | €191,488 | €218,537 | ▲ 14.1% |
| Profit (loss) for the period to be appropriated9905 | €517,439 | €270,769 | €372,511 | €191,488 | €218,537 | ▲ 14.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.1m | €2.1m | €8.8m | €8.7m | ▼ 1.7% |
| Fixed assets21/28 | €1.1m | €1.2m | €1.1m | €7.9m | €7.5m | ▼ 4.0% |
| Tangible fixed assets22/27 | €1.1m | €1.2m | €1.1m | €7.9m | €7.5m | ▼ 3.9% |
| Land and buildings22 | - | €717,593 | €684,245 | €7.5m | €7.2m | ▼ 3.0% |
| Plant, machinery and equipment23 | - | €458,922 | €380,579 | €289,134 | €208,424 | ▼ 27.9% |
| Furniture and vehicles24 | - | €6,447 | €14,107 | €18,732 | €13,506 | ▼ 27.9% |
| Assets under construction and advance payments27 | - | - | - | €82,767 | €82,767 | = |
| Financial fixed assets28 | €4,579 | €10,662 | €6,237 | €6,358 | €542 | ▼ 91.5% |
| Current assets29/58 | €886,445 | €934,225 | €1.0m | €984,541 | €1.1m | ▲ 16.7% |
| Amounts receivable after more than one year29 | - | - | €51,264 | - | - | - |
| Other amounts receivable291 | - | - | €51,264 | - | - | - |
| Stocks and contracts in progress3 | €418,005 | €461,686 | €536,643 | €513,278 | €559,761 | ▲ 9.1% |
| Stocks30/36 | - | €461,686 | €536,643 | €513,278 | €559,761 | ▲ 9.1% |
| Amounts receivable within one year40/41 | €91,685 | €74,059 | €58,563 | €20,340 | €92,951 | ▲ 357% |
| Trade receivables40 | - | €17,863 | €57,229 | €19,266 | €38,879 | ▲ 102% |
| Other amounts receivable41 | - | €56,196 | €1,334 | €1,074 | €54,071 | ▲ 4,934% |
| Current investments50/53 | - | - | €23,000 | €29,000 | €34,739 | ▲ 19.8% |
| Cash at bank and in hand54/58 | €368,833 | €385,511 | €347,081 | €405,719 | €448,295 | ▲ 10.5% |
| Deferred charges and accrued income490/1 | - | €12,969 | €16,087 | €16,204 | €12,976 | ▼ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.1m | €2.1m | €8.8m | €8.7m | ▼ 1.7% |
| Equity10/15 | €273,232 | €309,001 | €431,513 | €523,001 | €621,538 | ▲ 18.8% |
| Contributions10/11 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €108,232 | €144,001 | €266,513 | €358,001 | €456,538 | ▲ 27.5% |
| Amounts payable17/49 | €1.7m | €1.8m | €1.7m | €8.3m | €8.1m | ▼ 3.0% |
| Amounts payable after more than one year17 | €674,503 | €704,287 | €558,042 | €6.5m | €6.2m | ▼ 3.5% |
| Financial debts170/4 | - | €704,287 | €558,042 | €6.5m | €6.2m | ▼ 3.5% |
| Amounts payable within one year42/48 | €1.0m | €1.1m | €1.1m | €1.9m | €1.8m | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | - | €145,257 | €156,273 | €414,346 | €358,848 | ▼ 13.4% |
| Financial debts43 | - | - | €298 | - | €324 | - |
| Credit institutions430/8 | - | - | €298 | - | €324 | - |
| Trade debts44 | €272,909 | €529,175 | €483,877 | €744,458 | €856,172 | ▲ 15.0% |
| Suppliers440/4 | - | €529,175 | €483,877 | €744,458 | €856,172 | ▲ 15.0% |
| Taxes, remuneration and social security45 | - | €75,920 | €112,041 | €92,813 | €89,899 | ▼ 3.1% |
| Taxes450/3 | - | €5,811 | €46,628 | €21,833 | €7,861 | ▼ 64.0% |
| Remuneration and social security454/9 | - | €70,109 | €65,412 | €70,981 | €82,038 | ▲ 15.6% |
| Other amounts payable47/48 | - | €331,921 | €366,304 | €606,191 | €510,744 | ▼ 15.7% |
| Accrued charges and deferred income492/3 | - | €32,288 | €9,461 | €9,759 | €28,637 | ▲ 193% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €517,439 | €270,769 | €372,511 | €191,488 | €218,537 | ▲ 14.1% |
| + Depreciation and write-downs630 | €150,130 | €129,319 | €131,298 | €232,517 | €321,055 | ▲ 38.1% |
| Operating cash flow (approximation) | €667,569 | €400,088 | €503,810 | €424,006 | €539,592 | ▲ 27.3% |
| Investment in fixed assets (approximation) | - | -€243,527 | -€22,843 | -€7.0m | -€9,082 | ▲ 99.9% |
| Change in cash | - | €16,678 | -€38,430 | €58,638 | €42,576 | ▼ 27.4% |
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
17-07
State Gazette act
Resignation: FOURREZ GROUP (manager)Appointment: FOURREZ GROUP (sole director) · Permanent representative: FOURREZ Julien · Director discharge5 facts ▸
State Gazette act
Resignation: FOURREZ GROUP (manager)
Appointment: FOURREZ GROUP (sole director) · Permanent representative: FOURREZ Julien · Director discharge5 facts ▸
- General meeting, 12-06-2026
- Director resignation, FOURREZ GROUP (manager)
- Director appointment, FOURREZ GROUP (sole director)
- Permanent representative, FOURREZ Julien (permanent representative)
- Director discharge, FOURREZ GROUP (manager)
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Equity above €500,000Eq €523,001 ▲21.2%
5 profitable years in a row build equity to €523,001.
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
30-06
Financial
Highest result since 2019net €517,439 ▲53.2%
Net result €517,439, the highest in the series.
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
30-06
Financial
Back to profitnet €337,819
Net result €337,819 after one loss-making year.
30-06
Financial
Equity above €200,000Eq €255,793 ▲110%
Equity rises from €121,974 to €255,793.
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
Show earlier events
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
FOURREZ GROUP
CurrentSole director · since 17-07-2026 · Public limited company · perm. rep.: FOURREZ Julien
Permanent representatives 1
FOURREZ Julien
CurrentPermanent representative · since 17-07-2026 · for FOURREZ GROUP
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 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, Mettet · 1 establishment unit since 2015
Ground area
5,322 m²
Building footprint
1,807 m²
Volume, LiDAR
9,898 m³
Parcel 92087I0401/00A000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
AD DELHAIZE METTET
since 20152.245.957.301
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92087I0401/00A000 | Wallonia | 5,322 m² | 1 · 1,807 m² | 7.8 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.
Mandate history
1 person since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FOURREZ GROUP |
|
Articles of association
Board rule
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyMettet2.245.957.301
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Of 504 companies in sector 47713 we hold annual accounts for 195. 98 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-09-2015
Fiscal year end30-06
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47713Retail trade
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0636905958
Also
9925:BE0636905958
Registered
29-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.