Manora
Manora is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €486k and a net result of €259k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 5394 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €486k |
| Net result | €259k |
| Better than sector | 90% |
| Active | 10 yrs |
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 94.9% | 51.9% | |
| Net result | €259k | €53k | |
| Equity | €486k | €623k | |
| Gross operating margin | €-5k | €87k | |
| Total assets | €511k | €1.55M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | n/a | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a | n/a |
| Net profit | €259k | €32k | €-35k | €2k | €-4k |
| Cash flow | n/a | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - | - |
| Income taxes | €26k | €3k | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €511k | €398k | €634k | €705k | €505k |
| Equity | €486k | €227k | €195k | €230k | €228k |
| Debt | €26k | €171k | €439k | €475k | €277k |
| of which ≤ 1y | €26k | €171k | €403k | €403k | €168k |
| of which > 1y | - | - | €35k | €70k | €105k |
| Working capital | n/a | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a | n/a |
| Solvency | 94.9% | 57.1% | 30.7% | 32.6% | 45.1% |
| Debt / equity | n/a | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a | n/a |
| ROA | 50.6% | 8.1% | -5.5% | 0.3% | -0.9% |
| ROE | 53.2% | 14.2% | -18.0% | 0.9% | -2.0% |
| EBITDA margin | n/a | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a | n/a |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €511k | €398k | €634k | €705k | €505k |
| Fixed assets | 21/28 | €398k | €398k | €398k | €500k | €500k |
| Financial fixed assets | 28 | €398k | €398k | €398k | €500k | €500k |
| Current assets | 29/58 | €114k | €299 | €236k | €205k | €5k |
| Amounts receivable within one year | 40/41 | - | - | €200k | - | - |
| Cash & bank | 54/58 | €114k | €299 | €36k | €5k | €5k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €511k | €398k | €634k | €705k | €505k |
| Equity | 10/15 | €486k | €227k | €195k | €230k | €228k |
| Contributions / capital | 10/11 | €150k | €150k | €150k | €150k | €150k |
| Reserves | 13 | €306k | €47k | €15k | €15k | €15k |
| Accumulated profits (losses) | 14 | €30k | €30k | €30k | €65k | €63k |
| Amounts payable | 17/49 | €26k | €171k | €439k | €475k | €277k |
| Amounts payable after one year | 17 | - | - | €35k | €70k | €105k |
| Amounts payable within one year | 42/48 | €26k | €171k | €403k | €403k | €168k |
| Trade debts payable within one year | 44 | €30 | €30 | €30 | €30 | - |
| Income statement | ||||||
| Gross operating margin | 9900 | €-5k | €1k | €5k | €5k | €-2k |
| Operating result | 9901 | €-6k | €743 | €4k | €4k | €-2k |
| Financial income | 75 | €290k | €36k | €77k | - | - |
| Financial charges | 65 | €51 | €1k | €117k | €2k | €2k |
| Result before taxes | 9903 | €284k | €35k | €-35k | €2k | €-4k |
| Income taxes | 67/77 | €26k | €3k | - | - | - |
| Net result for the period | 9904 | €259k | €32k | €-35k | €2k | €-4k |
| Result to be appropriated | 9905 | €259k | €32k | €-35k | €2k | €-4k |
Former directors (1)
-
Callebert MarkDirectorState Gazette act 24133503 (13-09-2024)Former- → 05-07-2024
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 26-11-2015 |
| Status | Active |
| Postal code | 9700 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45507A0345/00D002 | Flanders | 5,184 m² | 1 · 2,873 m² | 15.6 m · 4 fl. |
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.
13-09-2024 Callebert Mark resigns as director
- Callebert Mark, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Callebert Mark",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "vrijwillig",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-07-05",
"evidence_quote": "Op 05/07/2024 werd kennis genomen van het vrijwillig ontsiag van SORRIS",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "sole_shareholder_declaration",
"role": null,
"person": null,
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Het stuk m.b.t. het gegeven dat alle aandelen van de vennootschap in \u00E9\u00E9n hand zijn verenigd werd overeenkomstig artikel 2:8 \u00A7 4 van het WVV neergelegd bij de griffie van de Ondernemingsrechtbank.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-09-13",
"filing_date": null,
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2024-07-08",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0643.619.942",
"name_full": "MANORA",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Simon Callebert",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameNL | Manora |