MANTA CONSTRUCT
ActiveSummary
MANTA CONSTRUCT has been active since 2008 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 ~9.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-7
Solvency92▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.69 against 4.38 in 2024; short-term debt: 24.1% and cash: 54% of total assets), and 33.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
66.6%
Return on assets
13.2%
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 23-09-2026, 54 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 · 10 filingsDeviation from the deadline
2025
54 d late
2024
53 d late
2023
22 d late
2022
32 d late
2021
29 d late
2020
94 d late
2019
101 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▲ 24.7%
2024 · €100k
2018: €59klowest in 8 years
2019: €63k▲ +6.0% vs 2018
2020: €68k▲ +8.2% vs 2019
2021: €60k▼ -12.2% vs 2020
2022: €86k▲ +43.4% vs 2021
2023: €73k▼ -15.3% vs 2022
2024: €100k▲ +37.8% vs 2023
2025: €125k▲ +24.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€187k▲ 26.5%
2024 · €148k
2018: €82k
2019: €82k▼ -0.6% vs 2018lowest in 8 years
2020: €100k▲ +22.5% vs 2019
2021: €85k▼ -15.5% vs 2020
2022: €116k▲ +36.8% vs 2021
2023: €144k▲ +24.7% vs 2022
2024: €148k▲ +2.4% vs 2023
2025: €187k▲ +26.5% vs 2024highest in 8 years
2018 → 2025
Net result
€25k▼ 9.9%
2024 · €27k
2018: €9k
2019: €4k▼ -61.4% vs 2018
2020: €5k▲ +45.5% vs 2019
2021: €-8k▼ -260% vs 2020
2022: €26k▲ +414% vs 2021
2023: €-13k▼ -150% vs 2022lowest in 8 years
2024: €27k▲ +310% vs 2023highest in 8 years
2025: €25k▼ -9.9% vs 2024
2018 → 2025
Working capital
€122k▲ 17.5%
2024 · €104k
2018: €57klowest in 8 years
2019: €67k▲ +18.4% vs 2018
2020: €71k▲ +5.3% vs 2019
2021: €65k▼ -7.7% vs 2020
2022: €92k▲ +41.6% vs 2021
2023: €88k▼ -4.7% vs 2022
2024: €104k▲ +17.7% vs 2023
2025: €122k▲ +17.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€86k▲ 43.4%€73k▼ 15.3%€100k▲ 37.8%€125k▲ 24.7%
2021: €60klowest in 5 years
2022: €86k▲ +43.4% vs 2021
2023: €73k▼ -15.3% vs 2022
2024: €100k▲ +37.8% vs 2023
2025: €125k▲ +24.7% vs 2024highest in 5 years
Operating result€-2k-€39k€-8k€40k€33k▼ 17.1%
2021: €-2k
2022: €39k▲ +2213% vs 2021
2023: €-8k▼ -121% vs 2022lowest in 5 years
2024: €40k▲ +599% vs 2023highest in 5 years
2025: €33k▼ -17.1% vs 2024
Net result€-8k-€26k€-13k€27k€25k▼ 9.9%
2021: €-8k
2022: €26k▲ +414% vs 2021
2023: €-13k▼ -150% vs 2022lowest in 5 years
2024: €27k▲ +310% vs 2023highest in 5 years
2025: €25k▼ -9.9% 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 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187k
Fixed assets
€20k ▲ 48.4%
Current assets
€167k ▲ 24.3%
Equity and liabilities €187k
Equity
€125k ▲ 24.7%
Debt
€62k ▲ 30.3%
Debt's share of the balance-sheet total rises from 32.4% to 33.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€40k▼
2024 · €43k
Cash flow
€31k▲
2024 · €31k
Current ratio
3.69▼
2024 · 4.38
Debt to equity
0.50▲
2024 · 0.48
ROE
19.8%▼
2024 · 27.5%
ROA
13.2%▼
2024 · 18.6%
Interest coverage
119.16▲
2024 · 53.40
Debt ≤ 1 year
€45k▲
2024 · €31k
Debt > 1 year
€17k=
2024 · €17k
Income taxes
€8k▼
2024 · €12k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€148k€187k▲
Fixed assets21/28€14k€20k▲
Tangible fixed assets22/27€14k€20k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€11k€18k▲
Current assets29/58€134k€167k▲
Amounts receivable within one year40/41€63k€63k▲
Trade receivables40€60k€61k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€67k€101k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€148k€187k▲
Equity10/15€100k€125k▲
Contributions10/11€10k€10k=
Reserves13€73k€73k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€68k€68k=
Profit (loss) carried forward14€17k€42k▲
Amounts payable17/49€48k€62k▲
Amounts payable after more than one year17€17k€17k=
Other amounts payable178/9€17k€17k=
Amounts payable within one year42/48€31k€45k▲
Financial debts43€60-
Credit institutions430/8€60-
Trade debts44€26k€39k▲
Suppliers440/4€26k€39k▲
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€3k€7k▲
Remuneration and social security454/9€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€2k€701▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€45k€42k▼
Operating profit (loss)9901€40k€33k▼
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€810€336▼
Recurring financial charges65€810€336▼
Profit (loss) for the period before taxes9903€39k€33k▼
Income taxes67/77€12k€8k▼
Profit (loss) for the period9904€27k€25k▼
Profit (loss) for the period to be appropriated9905€27k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€42k▼
Profit (loss) brought forward from the previous period14P€17k€17k=
Transfer to equity691/2€27k-
To other reserves6921€27k-
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €230k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €3k | €7k | ▲ 121% |
| Other operating charges640/8 | €1k | €2k | €641 | €2k | €701 | ▼ 67.1% |
| Non-recurring operating charges66A | €18k | €737 | €7k | - | €1k | - |
| Gross operating margin9900 | €19k | €43k | €2k | €45k | €42k | ▼ 7.4% |
| Operating profit (loss)9901 | €-2k | €39k | €-8k | €40k | €33k | ▼ 17.1% |
| Financial income75/76B | €1 | €48 | €25 | €2 | - | - |
| Recurring financial income75 | €1 | €48 | €25 | €2 | - | - |
| Financial charges65/66B | €719 | €-24 | €924 | €810 | €336 | ▼ 58.5% |
| Recurring financial charges65 | €719 | €-24 | €924 | €810 | €336 | ▼ 58.5% |
| Profit (loss) for the period before taxes9903 | €-3k | €39k | €-9k | €39k | €33k | ▼ 16.2% |
| Income taxes67/77 | €6k | €13k | €4k | €12k | €8k | ▼ 30.8% |
| Profit (loss) for the period9904 | €-8k | €26k | €-13k | €27k | €25k | ▼ 9.9% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €26k | €-13k | €27k | €25k | ▼ 9.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85k | €116k | €144k | €148k | €187k | ▲ 26.5% |
| Fixed assets21/28 | €3k | €2k | €5k | €14k | €20k | ▲ 48.4% |
| Tangible fixed assets22/27 | €3k | €2k | €5k | €14k | €20k | ▲ 48.4% |
| Plant, machinery and equipment23 | €2k | €1k | €2k | €3k | €2k | ▼ 36.0% |
| Furniture and vehicles24 | €579 | €934 | €3k | €11k | €18k | ▲ 72.4% |
| Current assets29/58 | €82k | €114k | €140k | €134k | €167k | ▲ 24.3% |
| Stocks and contracts in progress3 | €11k | - | - | - | - | - |
| Stocks30/36 | €11k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €13k | €30k | €67k | €63k | €63k | ▲ 0.4% |
| Trade receivables40 | €4k | €23k | €62k | €60k | €61k | ▲ 2.2% |
| Other amounts receivable41 | €8k | €6k | €5k | €3k | €2k | ▼ 37.8% |
| Cash at bank and in hand54/58 | €55k | €81k | €67k | €67k | €101k | ▲ 50.2% |
| Deferred charges and accrued income490/1 | €4k | €3k | €6k | €4k | €3k | ▼ 35.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85k | €116k | €144k | €148k | €187k | ▲ 26.5% |
| Equity10/15 | €60k | €86k | €73k | €100k | €125k | ▲ 24.7% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Outside capital11 | €10k | - | - | - | - | - |
| Other1109/19 | €10k | - | - | - | - | - |
| Reserves13 | €19k | €45k | €45k | €73k | €73k | = |
| Non-distributable reserves130/1 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves not available under the articles1311 | €5k | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | €14k | €40k | €40k | €68k | €68k | = |
| Profit (loss) carried forward14 | €30k | €30k | €17k | €17k | €42k | ▲ 143% |
| Amounts payable17/49 | €25k | €30k | €72k | €48k | €62k | ▲ 30.3% |
| Amounts payable after more than one year17 | €8k | €9k | €20k | €17k | €17k | = |
| Other amounts payable178/9 | €8k | €9k | €20k | €17k | €17k | = |
| Amounts payable within one year42/48 | €17k | €21k | €52k | €31k | €45k | ▲ 47.4% |
| Financial debts43 | - | - | €358 | €60 | - | - |
| Credit institutions430/8 | - | - | €358 | €60 | - | - |
| Trade debts44 | €10k | €6k | €48k | €26k | €39k | ▲ 48.8% |
| Suppliers440/4 | €10k | €6k | €48k | €26k | €39k | ▲ 48.8% |
| Advances received on contracts in progress46 | €5k | €5k | - | - | - | - |
| Taxes, remuneration and social security45 | €963 | €10k | €4k | €5k | €7k | ▲ 41.2% |
| Taxes450/3 | €963 | €10k | - | €3k | €7k | ▲ 128% |
| Remuneration and social security454/9 | - | - | €4k | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €26k | €-13k | €27k | €25k | ▼ 9.9% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €3k | €7k | ▲ 121% |
| Operating cash flow (approximation) | €-6k | €28k | €-11k | €31k | €31k | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | €-1k | €-4k | €-12k | €-13k | ▼ 9.4% |
| Change in cash | - | €26k | €-14k | €437 | €34k | ▲ 7,631% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
31-12
Financial
Equity above €100kEq €125k ▲24.7%
2 profitable years in a row build equity to €125k.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
15-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 714 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Andenne · 1 establishment unit since 2009
Ground area
935 m²
Building footprint
102 m²
Parcel 92411B0427/00A002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MANTA
since 20092.175.382.178
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92411B0427/00A002 | Wallonia | 935 m² | 1 · 102 m² | - |
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 7,289 companies in sector 43350 we hold annual accounts for 2,362. 1,947 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
Founded31-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.