MANON 21
ActiveSummary
MANON 21 has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €1k. Equity is shrinking by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-55
Solvency42▼-8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.2 in 2024; short-term debt: 82.6% and cash: 43.4% of total assets), and 82.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €13k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
24 d early
2023
22 d early
2022
3 d early
2021
31 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€260k
EBIT margin
0.6%
Net result
€1k▼ 89.1%
2024 · €11k
2018: €-448
2019: €-10k▼ -2108% vs 2018
2020: €-21k▼ -112% vs 2019lowest in 8 years
2021: €10k▲ +149% vs 2020
2022: €-9k▼ -190% vs 2021
2023: €-12k▼ -34.2% vs 2022
2024: €11k▲ +189% vs 2023highest in 8 years
2025: €1k▼ -89.1% vs 2024
2018 → 2025
Working capital
€1k▼ 82.6%
2024 · €7k
2018: €10khighest in 8 years
2019: €6k▼ -34.5% vs 2018
2020: €-10k▼ -261% vs 2019lowest in 8 years
2021: €9k▲ +189% vs 2020
2022: €8k▼ -15.0% vs 2021
2023: €-9k▼ -224% vs 2022
2024: €7k▲ +174% vs 2023
2025: €1k▼ -82.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€13k▼ 42.2%€280▼ 97.8%€11k▲ 3,943%€13k▲ 10.6%
2021: €22khighest in 5 years
2022: €13k▼ -42.2% vs 2021
2023: €280▼ -97.8% vs 2022lowest in 5 years
2024: €11k▲ +3943% vs 2023
2025: €13k▲ +10.6% vs 2024
Operating result€12k-€-7k€-10k▼ 40.8%€13k€3k▼ 76.1%
2021: €12k
2022: €-7k▼ -159% vs 2021
2023: €-10k▼ -40.8% vs 2022lowest in 5 years
2024: €13k▲ +226% vs 2023highest in 5 years
2025: €3k▼ -76.1% vs 2024
Net result€10k-€-9k€-12k▼ 34.2%€11k€1k▼ 89.1%
2021: €10k
2022: €-9k▼ -190% vs 2021
2023: €-12k▼ -34.2% vs 2022lowest in 5 years
2024: €11k▲ +189% vs 2023highest in 5 years
2025: €1k▼ -89.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€11k ▲ 161%
Current assets
€61k ▲ 47.9%
Equity and liabilities €72k
Equity
€13k ▲ 10.6%
Debt
€60k ▲ 74.6%
Debt's share of the balance-sheet total rises from 75.1% to 82.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €14k
Cash flow
€2k▼
2024 · €12k
Current ratio
1.02▼
2024 · 1.20
Quick ratio
0.75▼
2024 · 0.86
Debt to equity
4.76▲
2024 · 3.02
ROE
9.6%▼
2024 · 97.5%
ROA
1.7%▼
2024 · 24.3%
Interest coverage
2.80▼
2024 · 9.24
Debt ≤ 1 year
€60k▲
2024 · €34k
Income taxes
€380▲
2024 · €360
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€45k€72k▲
Fixed assets21/28€4k€11k▲
Tangible fixed assets22/27€4k€11k▲
Plant, machinery and equipment23€179€2k▲
Other tangible fixed assets26€4k€9k▲
Financial fixed assets28€185€185=
Current assets29/58€41k€61k▲
Stocks and contracts in progress3€12k€16k▲
Stocks30/36€12k€16k▲
Amounts receivable within one year40/41€5k€9k▲
Trade receivables40€5k€7k▲
Other amounts receivable41€107€2k▲
Cash at bank and in hand54/58€18k€31k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€45k€72k▲
Equity10/15€11k€13k▲
Contributions10/11€16k€16k=
Reserves13€4k€4k=
Tax-exempt reserves132€4k€4k=
Profit (loss) carried forward14€-9k€-8k▲
Amounts payable17/49€34k€60k▲
Amounts payable within one year42/48€34k€60k▲
Trade debts44€1k€24k▲
Suppliers440/4€1k€24k▲
Taxes, remuneration and social security45€425€740▲
Taxes450/3€425€740▲
Other amounts payable47/48€33k€35k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€796€1k▲
Other operating charges640/8€621€621=
Gross operating margin9900€16k€5k▼
Operating profit (loss)9901€13k€3k▼
Financial income75/76B€7-
Recurring financial income75€7-
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€11k€2k▼
Income taxes67/77€360€380▲
Profit (loss) for the period9904€11k€1k▼
Profit (loss) for the period to be appropriated9905€11k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-8k▲
Profit (loss) brought forward from the previous period14P€-22k€-9k▲
Transfer from equity791/2€2k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €55k | €50k | €42k | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €11k | €1k | €796 | €1k | ▲ 37.7% |
| Other operating charges640/8 | €1k | €713 | €679 | €621 | €621 | = |
| Gross operating margin9900 | €81k | €55k | €33k | €16k | €5k | ▼ 70.5% |
| Operating profit (loss)9901 | €12k | €-7k | €-10k | €13k | €3k | ▼ 76.1% |
| Financial income75/76B | €53 | €24 | - | €7 | - | - |
| Recurring financial income75 | €53 | €24 | - | €7 | - | - |
| Financial charges65/66B | €2k | €2k | €2k | €1k | €1k | ▲ 0.8% |
| Recurring financial charges65 | €2k | €2k | €2k | €1k | €1k | ▲ 0.8% |
| Non-recurring financial charges66B | €9 | €13 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €11k | €-9k | €-12k | €11k | €2k | ▼ 86.1% |
| Income taxes67/77 | €360 | €366 | €364 | €360 | €380 | ▲ 5.3% |
| Profit (loss) for the period9904 | €10k | €-9k | €-12k | €11k | €1k | ▼ 89.1% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-9k | €-12k | €11k | €1k | ▼ 89.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60k | €64k | €36k | €45k | €72k | ▲ 58.7% |
| Fixed assets21/28 | €13k | €5k | €11k | €4k | €11k | ▲ 161% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €13k | €5k | €11k | €4k | €11k | ▲ 168% |
| Plant, machinery and equipment23 | €558 | €432 | €305 | €179 | €2k | ▲ 905% |
| Furniture and vehicles24 | €11k | €106 | €7k | - | - | - |
| Other tangible fixed assets26 | €2k | €4k | €4k | €4k | €9k | ▲ 135% |
| Financial fixed assets28 | €185 | €185 | €185 | €185 | €185 | = |
| Current assets29/58 | €47k | €59k | €25k | €41k | €61k | ▲ 47.9% |
| Stocks and contracts in progress3 | €8k | €8k | €7k | €12k | €16k | ▲ 34.9% |
| Stocks30/36 | €8k | €8k | €7k | €12k | €16k | ▲ 34.9% |
| Amounts receivable within one year40/41 | €10k | €6k | €7k | €5k | €9k | ▲ 76.4% |
| Trade receivables40 | €9k | €6k | €7k | €5k | €7k | ▲ 39.7% |
| Other amounts receivable41 | €1k | - | - | €107 | €2k | ▲ 1,803% |
| Cash at bank and in hand54/58 | €23k | €40k | €5k | €18k | €31k | ▲ 70.1% |
| Deferred charges and accrued income490/1 | €5k | €6k | €6k | €6k | €5k | ▼ 20.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60k | €64k | €36k | €45k | €72k | ▲ 58.7% |
| Equity10/15 | €22k | €13k | €280 | €11k | €13k | ▲ 10.6% |
| Contributions10/11 | €16k | €16k | €16k | €16k | €16k | = |
| Reserves13 | €6k | €6k | €6k | €4k | €4k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €4k | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | - | €2k | - | - | - |
| Profit (loss) carried forward14 | €-87 | €-9k | €-22k | €-9k | €-8k | ▲ 13.5% |
| Amounts payable17/49 | €38k | €52k | €36k | €34k | €60k | ▲ 74.6% |
| Amounts payable within one year42/48 | €38k | €52k | €34k | €34k | €60k | ▲ 74.6% |
| Current portion of amounts payable after more than one year42 | €2k | - | - | - | - | - |
| Trade debts44 | €8k | €30k | €6k | €1k | €24k | ▲ 2,137% |
| Suppliers440/4 | €8k | €30k | €6k | €1k | €24k | ▲ 2,137% |
| Taxes, remuneration and social security45 | €10k | €11k | €9k | €425 | €740 | ▲ 73.9% |
| Taxes450/3 | €918 | €1k | €2k | €425 | €740 | ▲ 73.9% |
| Remuneration and social security454/9 | €10k | €10k | €7k | - | - | - |
| Other amounts payable47/48 | €17k | €11k | €20k | €33k | €35k | ▲ 6.4% |
| Accrued charges and deferred income492/3 | - | - | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-9k | €-12k | €11k | €1k | ▼ 89.1% |
| + Depreciation and write-downs630 | €12k | €11k | €1k | €796 | €1k | ▲ 37.7% |
| Operating cash flow (approximation) | €22k | €2k | €-11k | €12k | €2k | ▼ 80.6% |
| Investment in fixed assets (approximation) | - | €-3k | €-8k | €6k | €-8k | ▼ 229% |
| Change in cash | - | €17k | €-35k | €14k | €13k | ▼ 6.8% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Quiévrain · 2 establishment units since 1995
Ground area
1,343 m²
Building footprint
240 m²
Volume, LiDAR
2,251 m³
3 parcels, Wallonia · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
MANON 21
since 19952.071.776.577
MANON 21
since 20252.368.916.578
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53068A1012/00R006 | Wallonia | 564 m² | 1 · 86 m² | 8.4 m · 2 fl. |
| 53068A1059/00A002 | Wallonia | 547 m² | 1 · 93 m² | 14.6 m · 4 fl. |
| 53068A0997/00D000 | Wallonia | 231 m² | 1 · 62 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteQuiévrain2.368.916.578
Similar companies · same sector, comparable size
SICILIA DA VOI
BE 1022.985.556
Binche · Eq €12,142
CAPRICE FOOD
BE 1019.345.977
Brussel · Eq €13,171
Jardin Sucré
BE 0786.417.602
Mouscron · Eq €11,765
BLOESEM
BE 0688.926.662
Elsene · Eq €11,632
The Wholapola Company
BE 0787.312.079
Boortmeerbeek · Eq €13,714
Of 453 companies in sector 46360 we hold annual accounts for 286. 115 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
Founded24-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46360Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.