ManSaCom
ActiveSummary
ManSaCom has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125k and a net result of €25k. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89=
Solvency100▲+6
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 4.82 against 2.89 in 2024; short-term debt: 19.2% and cash: 82.2% of total assets), and 19.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
80.8%
Return on assets
15.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
120 d late
2022
118 d late
← 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
Equity
€125k▲ 24.4%
2024 · €100k
2022: €38klowest in 4 years
2023: €76k▲ +99.1% vs 2022
2024: €100k▲ +31.7% vs 2023
2025: €125k▲ +24.4% vs 2024highest in 4 years
2022 → 2025
Total assets
€155k▲ 6.1%
2024 · €146k
2022: €76klowest in 4 years
2023: €129k▲ +68.6% vs 2022
2024: €146k▲ +13.2% vs 2023
2025: €155k▲ +6.1% vs 2024highest in 4 years
2022 → 2025
Net result
€25k▲ 1.5%
2024 · €24k
2022: €38khighest in 4 years
2023: €38k▼ -0.9% vs 2022
2024: €24k▼ -36.3% vs 2023lowest in 4 years
2025: €25k▲ +1.5% vs 2024
2022 → 2025
Working capital
€113k▲ 32.2%
2024 · €86k
2022: €39klowest in 4 years
2023: €73k▲ +88.4% vs 2022
2024: €86k▲ +16.7% vs 2023
2025: €113k▲ +32.2% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€38k-€76k▲ 99.1%€100k▲ 31.7%€125k▲ 24.4%
2022: €38klowest in 4 years
2023: €76k▲ +99.1% vs 2022
2024: €100k▲ +31.7% vs 2023
2025: €125k▲ +24.4% vs 2024highest in 4 years
Operating result€54k-€54k▼ 0.4%€35k▼ 35.6%€36k▲ 3.4%
2022: €54khighest in 4 years
2023: €54k▼ -0.4% vs 2022
2024: €35k▼ -35.6% vs 2023lowest in 4 years
2025: €36k▲ +3.4% vs 2024
Net result€38k-€38k▼ 0.9%€24k▼ 36.3%€25k▲ 1.5%
2022: €38khighest in 4 years
2023: €38k▼ -0.9% vs 2022
2024: €24k▼ -36.3% vs 2023lowest in 4 years
2025: €25k▲ +1.5% 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 recovers in 2025; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155k
Fixed assets
€12k ▼ 20.5%
Current assets
€143k ▲ 9.1%
Equity and liabilities €155k
Equity
€125k ▲ 24.4%
Debt
€30k ▼ 34.5%
Debt's share of the balance-sheet total falls from 31.1% to 19.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €35k
Cash flow
€28k▲
2024 · €25k
Current ratio
4.82▲
2024 · 2.89
Debt to equity
0.24▼
2024 · 0.45
ROE
19.6%▼
2024 · 24.1%
ROA
15.9%▼
2024 · 16.6%
Interest coverage
87.05▼
2024 · 150.96
Debt ≤ 1 year
€30k▼
2024 · €45k
Income taxes
€11k▲
2024 · €10k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€146k€155k▲
Fixed assets21/28€15k€12k▼
Tangible fixed assets22/27€15k€12k▼
Furniture and vehicles24€15k€12k▼
Current assets29/58€131k€143k▲
Amounts receivable within one year40/41€12k€12k▲
Trade receivables40€12k€12k=
Other amounts receivable41-€378
Cash at bank and in hand54/58€116k€127k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€146k€155k▲
Equity10/15€100k€125k▲
Contributions10/11€1€1=
Reserves13€100k€125k▲
Non-distributable reserves130/1€100k€125k▲
Other1319€100k€125k▲
Profit (loss) carried forward14€5€5=
Amounts payable17/49€45k€30k▼
Amounts payable within one year42/48€45k€30k▼
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€39k€24k▼
Taxes450/3€36k€21k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€339€3k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€38k€41k▲
Operating profit (loss)9901€35k€36k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€232€447▲
Recurring financial charges65€232€447▲
Profit (loss) for the period before taxes9903€35k€35k▲
Income taxes67/77€10k€11k▲
Profit (loss) for the period9904€24k€25k▲
Profit (loss) for the period to be appropriated9905€24k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€25k▲
Profit (loss) brought forward from the previous period14P€5€5=
Transfer to equity691/2€24k€25k▲
To other reserves6921€24k€25k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €339 | €3k | ▲ 790% |
| Other operating charges640/8 | €2k | €1k | €3k | €2k | ▼ 50.9% |
| Gross operating margin9900 | €57k | €57k | €38k | €41k | ▲ 5.7% |
| Operating profit (loss)9901 | €54k | €54k | €35k | €36k | ▲ 3.4% |
| Financial income75/76B | - | - | €0 | - | - |
| Recurring financial income75 | - | - | €0 | - | - |
| Financial charges65/66B | €87 | €206 | €232 | €447 | ▲ 92.5% |
| Recurring financial charges65 | €87 | €206 | €232 | €447 | ▲ 92.5% |
| Profit (loss) for the period before taxes9903 | €54k | €54k | €35k | €35k | ▲ 2.8% |
| Income taxes67/77 | €16k | €16k | €10k | €11k | ▲ 5.9% |
| Profit (loss) for the period9904 | €38k | €38k | €24k | €25k | ▲ 1.5% |
| Profit (loss) for the period to be appropriated9905 | €38k | €38k | €24k | €25k | ▲ 1.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €76k | €129k | €146k | €155k | ▲ 6.1% |
| Fixed assets21/28 | €5k | €3k | €15k | €12k | ▼ 20.5% |
| Tangible fixed assets22/27 | €5k | €3k | €15k | €12k | ▼ 20.5% |
| Furniture and vehicles24 | €5k | €3k | €15k | €12k | ▼ 20.5% |
| Current assets29/58 | €72k | €126k | €131k | €143k | ▲ 9.1% |
| Amounts receivable within one year40/41 | - | €18k | €12k | €12k | ▲ 3.1% |
| Trade receivables40 | - | €18k | €12k | €12k | = |
| Other amounts receivable41 | - | - | - | €378 | - |
| Cash at bank and in hand54/58 | €70k | €107k | €116k | €127k | ▲ 9.9% |
| Deferred charges and accrued income490/1 | €1k | €879 | €3k | €3k | ▲ 3.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €76k | €129k | €146k | €155k | ▲ 6.1% |
| Equity10/15 | €38k | €76k | €100k | €125k | ▲ 24.4% |
| Contributions10/11 | €1 | €1 | €1 | €1 | = |
| Reserves13 | €38k | €76k | €100k | €125k | ▲ 24.4% |
| Non-distributable reserves130/1 | €38k | €76k | €100k | €125k | ▲ 24.4% |
| Other1319 | €38k | €76k | €100k | €125k | ▲ 24.4% |
| Profit (loss) carried forward14 | €5 | €5 | €5 | €5 | = |
| Amounts payable17/49 | €38k | €52k | €45k | €30k | ▼ 34.5% |
| Amounts payable within one year42/48 | €33k | €52k | €45k | €30k | ▼ 34.5% |
| Trade debts44 | €4k | €4k | €6k | €2k | ▼ 67.0% |
| Suppliers440/4 | €4k | €4k | €6k | €2k | ▼ 67.0% |
| Taxes, remuneration and social security45 | €29k | €49k | €39k | €24k | ▼ 39.8% |
| Taxes450/3 | €29k | €48k | €36k | €21k | ▼ 40.2% |
| Remuneration and social security454/9 | - | €463 | €3k | €2k | ▼ 34.6% |
| Other amounts payable47/48 | - | - | - | €4k | - |
| Accrued charges and deferred income492/3 | €5k | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €38k | €24k | €25k | ▲ 1.5% |
| + Depreciation and write-downs630 | €1k | €2k | €339 | €3k | ▲ 790% |
| Operating cash flow (approximation) | €39k | €40k | €25k | €28k | ▲ 12.4% |
| Investment in fixed assets (approximation) | - | €0 | €-12k | €0 | ▲ 100% |
| Change in cash | - | €36k | €9k | €11k | ▲ 29.6% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €24k ▼36.3%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €100k ▲31.7%
3 profitable years in a row build equity to €100k.
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
26-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 118 days late
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.
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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, Waterloo · 1 establishment unit since 2022
Ground area
738 m²
Building footprint
122 m²
Volume, LiDAR
942 m³
Parcel 25110S0197/00D000, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ManSaCom
since 20222.328.750.363
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110S0197/00D000 | Wallonia | 738 m² | 1 · 122 m² | 9.7 m · 3 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,853 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
Founded14-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
85592Vocational training
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.