MANPAR
Annual accounts 2025
micro format, filed on 20-04-2026, 102 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €140,000 and €240,000.
Balance sheet
balance sheet total €299,218 on 31-12-2025in euro
in euro
Position in the sector
34.2%
Higher than 30% of 15,824 companies in 2025.
1.48
Higher than 35% of 15,596 companies in 2025.
25.3%
Higher than 61% of 15,713 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
299,218 | 275,445 | 222,247 | 317,655 | 318,400 | 272,274 | 248,874 | 124,643 | 112,348 | |
20 |
- | - | - | - | - | - | - | - | 0 | |
21/28 |
7,881 | 12,790 | 58,641 | 67,759 | 76,876 | 52,105 | 55,022 | 2,107 | 9,255 | |
21 |
- | - | - | - | - | - | - | - | 0 | |
22/27 |
7,681 | 12,590 | 58,641 | 67,759 | 76,876 | 52,105 | 55,022 | 2,107 | 9,255 | |
22 |
- | - | 41,250 | 43,000 | 44,750 | 46,500 | 48,250 | - | 0 | |
23 |
1,762 | 955 | - | - | - | - | 467 | 1,018 | 0 | |
24 |
1,843 | 8,833 | 13,889 | 20,555 | 27,222 | - | - | 1,089 | 9,255 | |
26 |
4,076 | 2,802 | 3,503 | 4,203 | 4,904 | 5,605 | 6,305 | - | 0 | |
27 |
- | - | - | - | - | - | - | - | 0 | |
28 |
200 | 200 | - | - | - | - | - | - | 0 | |
29/58 |
291,337 | 262,654 | 163,605 | 249,896 | 241,524 | 220,170 | 193,852 | 122,537 | 103,093 | |
290 |
- | - | - | - | - | - | - | - | 0 | |
291 |
- | - | - | - | - | - | - | - | 0 | |
3 |
- | - | - | - | - | - | - | - | 0 | |
30/36 |
- | - | - | - | - | - | - | - | 0 | |
37 |
- | - | - | - | - | - | - | - | 0 | |
40/41 |
33,091 | 28,237 | 21,516 | 19,873 | 14,507 | 5,862 | 14,109 | 34 | 49 | |
40 |
18,622 | 17,776 | 18,003 | 16,940 | 8,888 | 1,749 | 13,437 | - | 0 | |
41 |
14,470 | 10,461 | 3,513 | 2,933 | 5,619 | 4,113 | 672 | 34 | 49 | |
50/53 |
220,000 | - | - | - | - | - | - | - | 0 | |
54/58 |
35,399 | 232,719 | 141,568 | 229,399 | 226,339 | 214,074 | 179,327 | 122,503 | 103,045 | |
490/1 |
2,847 | 1,699 | 522 | 624 | 678 | 233 | 417 | - | 0 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
299,218 | 275,445 | 222,247 | 317,655 | 318,400 | 272,274 | 248,874 | 124,643 | 112,348 | |
10/15 |
102,218 | 243,805 | 154,850 | 95,013 | 248,584 | 206,293 | 148,067 | 82,613 | 55,053 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 6,200 | - | - | 0 | |
1100/10 |
- | - | - | - | - | 6,200 | - | - | 0 | |
12 |
- | - | - | - | - | - | - | - | 0 | |
13 |
83,618 | 83,618 | 136,250 | 76,413 | 76,413 | 76,413 | 76,413 | 76,413 | 48,853 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | - | 0 | |
1319 |
- | - | - | - | - | 1,860 | - | - | 0 | |
132 |
- | - | - | - | - | - | - | - | 0 | |
133 |
83,618 | 83,618 | 134,390 | 74,553 | 74,553 | 74,553 | 74,553 | 74,553 | 46,993 | |
14 |
- | 141,587 | - | - | 153,571 | 123,680 | 65,454 | - | 0 | |
15 |
- | - | - | - | - | - | - | - | 0 | |
160/5 |
- | - | - | - | - | - | - | - | 0 | |
160 |
- | - | - | - | - | - | - | - | 0 | |
161 |
- | - | - | - | - | - | - | - | 0 | |
162 |
- | - | - | - | - | - | - | - | 0 | |
163 |
- | - | - | - | - | - | - | - | 0 | |
164/5 |
- | - | - | - | - | - | - | - | 0 | |
168 |
- | - | - | - | - | - | - | - | 0 | |
17/49 |
197,000 | 31,639 | 67,397 | 222,642 | 69,816 | 65,981 | 100,807 | 42,030 | 57,296 | |
17 |
- | - | 1,384 | 19,918 | 38,214 | 30,422 | 41,507 | 6,062 | 10,793 | |
170/4 |
- | - | 1,384 | 19,918 | 38,214 | 30,422 | 41,507 | 6,062 | 10,793 | |
175 |
- | - | - | - | - | - | - | - | 0 | |
176 |
- | - | - | - | - | - | - | - | 0 | |
178/9 |
- | - | - | - | - | - | - | - | 0 | |
42/48 |
197,000 | 31,639 | 66,013 | 202,724 | 31,602 | 35,559 | 59,300 | 35,969 | 46,374 | |
42 |
- | - | 18,534 | 18,296 | 18,061 | 11,084 | 14,555 | 4,731 | 4,628 | |
43 |
19 | 18 | 2 | 2 | 2 | 2 | 487 | 487 | 22 | |
430/8 |
19 | 18 | 2 | 2 | 2 | 2 | 487 | 487 | 22 | |
439 |
- | - | - | - | - | - | - | - | 0 | |
44 |
1,660 | 2,307 | 292 | 1,411 | 1,322 | 1,308 | 3,801 | 450 | 30 | |
440/4 |
1,660 | 2,307 | 292 | 1,411 | 1,322 | 1,308 | 3,801 | 450 | 30 | |
441 |
- | - | - | - | - | - | - | - | 0 | |
46 |
- | - | - | - | - | - | - | - | 0 | |
45 |
12,063 | 9,314 | 27,185 | 8,629 | 3,063 | 16,110 | 29,627 | 17,779 | 35,655 | |
450/3 |
12,063 | 9,314 | 27,185 | 7,359 | 1,808 | 13,424 | 26,888 | 17,779 | 35,655 | |
454/9 |
- | - | - | 1,270 | 1,255 | 2,686 | 2,740 | - | 0 | |
47/48 |
183,258 | 20,000 | 20,000 | 174,386 | 9,154 | 7,055 | 10,830 | 12,522 | 6,038 | |
492/3 |
- | - | - | - | - | - | - | - | 129 | |
| Income statement | ||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | |
76A |
- | 8,750 | - | - | 500 | - | - | - | 0 | |
9900 |
104,517 | 238,638 | 128,418 | 27,707 | 51,880 | 79,998 | 97,447 | 56,892 | 99,378 | |
60/61 |
- | - | - | - | - | - | - | - | 0 | |
62 |
- | - | - | - | - | - | - | - | 0 | |
630 |
8,490 | 7,518 | 9,117 | 9,117 | 8,562 | 2,917 | 12,261 | 8,548 | 15,764 | |
631/4 |
- | - | - | - | - | - | - | - | 0 | |
635/8 |
- | - | - | - | - | - | - | - | 0 | |
640/8 |
1,254 | 2,973 | 1,122 | 1,743 | 2,205 | 1,251 | 691 | 893 | 2,488 | |
649 |
- | - | - | - | - | - | - | - | 0 | |
66A |
- | - | - | - | - | - | - | - | 0 | |
9901 |
94,772 | 228,146 | 118,179 | 16,847 | 41,114 | 75,830 | 84,495 | 47,452 | 81,127 | |
75/76B |
3,131 | 248 | 7 | - | - | 13 | 1 | 12 | 0 | |
75 |
3,131 | 248 | 7 | - | - | 13 | 1 | 12 | 0 | |
76B |
- | - | - | - | - | - | - | - | 0 | |
65/66B |
208 | 475 | 565 | 1,005 | 1,037 | 926 | 322 | 896 | 1,139 | |
65 |
208 | 475 | 565 | 1,005 | 1,037 | 926 | 322 | 896 | 1,139 | |
66B |
- | - | - | - | - | - | - | - | 0 | |
9903 |
97,695 | 227,919 | 117,621 | 15,842 | 40,077 | 74,917 | 84,174 | 46,568 | 79,988 | |
67/77 |
21,915 | 54,567 | 37,784 | 4,567 | 9,381 | 15,887 | 17,915 | 17,727 | 31,135 | |
9904 |
75,780 | 173,352 | 79,837 | 11,275 | 30,696 | 59,030 | 66,259 | 28,840 | 48,853 | |
789 |
- | - | - | - | - | - | - | - | 0 | |
689 |
- | - | - | - | - | - | - | - | 0 | |
9905 |
75,780 | 173,352 | 79,837 | 11,275 | 30,696 | 59,030 | 66,259 | 28,840 | 48,853 | |
| Appropriation of the result | ||||||||||
9906 |
217,367 | 173,352 | 79,837 | 164,846 | 154,376 | 124,485 | 66,259 | 28,840 | 48,853 | |
14P |
141,587 | - | - | 153,571 | - | - | - | - | - | |
791/2 |
- | 52,632 | - | - | - | - | - | - | 0 | |
691/2 |
- | - | 59,837 | - | - | - | - | 27,560 | 48,853 | |
691 |
- | - | - | - | - | - | - | - | 0 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | 59,837 | - | - | - | - | 27,560 | 46,993 | |
694/7 |
217,367 | 84,396 | 20,000 | 164,846 | 805 | 805 | 805 | 1,280 | - | |
694 |
217,367 | 84,396 | 20,000 | 164,846 | 805 | 805 | 805 | 1,280 | 0 | |
695 |
- | - | - | - | - | - | - | - | 0 | |
696 |
- | - | - | - | - | - | - | - | 0 | |
| Document | ||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-04-2026 | 2026-00082967 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00282345 | |
| 30-06-2023 | micro format | 15-01-2024 | 2024-00001580 | |
| 30-06-2022 | micro format | 09-01-2023 | 2023-20555337 | |
| 30-06-2021 | micro format | 15-12-2021 | 2021-80300570 | |
| 30-06-2020 | micro format | 17-12-2020 | 2020-76500081 | |
| 30-06-2019 | micro format | 16-12-2019 | 2019-76300023 | |
| 30-06-2018 | micro format | 25-01-2019 | 2019-02400235 | |
| 30-06-2017 | abbreviated format | 12-02-2018 | 2018-04800191 |
Subsidies and aid
Flemish government 2022 to 2024, 2 entries, €1,420 awarded, €1,420 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €1,020 | €1,020 |
| 2022 | 1 | €400 | €400 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 103,262 | 235,664 | 127,296 | 25,964 | 49,675 | 78,747 | 96,756 | 56,000 | 96,890 | ||
| 84,270 | 180,870 | 88,954 | 20,392 | 39,258 | 61,948 | 78,520 | 37,389 | 64,616 | ||
| 3,581 | 2,917 | 0 | 0 | 33,333 | 0 | 65,175 | 1,400 | 24,245 | ||
| -197,320 | 91,151 | -87,832 | 3,060 | 12,265 | 34,747 | 56,823 | 19,459 | - | ||
| 94,337 | 231,015 | 97,592 | 47,172 | 209,922 | 184,611 | 134,552 | 86,568 | 56,720 | ||
| 34.2% | 88.5% | 69.7% | 29.9% | 78.1% | 75.8% | 59.5% | 66.3% | 49.0% | ||
| 1.48 | 8.30 | 2.48 | 1.23 | 7.64 | 6.19 | 3.27 | 3.41 | 2.22 | ||
| 1.93 | 0.13 | 0.44 | 2.34 | 0.28 | 0.32 | 0.68 | 0.51 | 1.04 | ||
| 74.1% | 71.1% | 51.6% | 11.9% | 12.3% | 28.6% | 44.7% | 34.9% | 88.7% | ||
| 25.3% | 62.9% | 35.9% | 3.5% | 9.6% | 21.7% | 26.6% | 23.1% | 43.5% | ||
| over 100 | over 100 | over 100 | 25.83 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €3,581 | €2,717 | - | - |
| Financial fixed assets | - | €200 | - | - |
| €8,490 | €7,518 | €9,117 | €9,117 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MANPAR
The operating result for 2025 is 58% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 11.5% to 65.8%. Equity is lower and debt is higher.
- 2025 Equity -58% on 2024. Capital reduction of €50,000 (Official Gazette 15-01-2025).